Since the first 3 of the FAAMG stocks (AMZN, MSFT & GOOG) reported earnings after the market close last Thursday, those leading stocks (in green) have posted the following gains as of yesterday’s close:
FB: +5.40% (reports after the market close today & currently indicated to gap up another 1% at the open today)
AAPL: +7.8% (reports after the market close tomorrow)
AMZN: +12.8%
MSFT: +4.9%
GOOG: +4.5%
Essentially, both FB & AAPL have rallied inline with the other FAAMGs as if they also already reported & handsomely beat expectations yet they are on deck to report this week. The question is: How much of an earnings beat & rosy forecast is already priced in & what happens if they come in below expectations?
FAAMG performance Oct 27-31st