Jim Cramer, a renowned stock market expert and host of CNBC’s “Mad Money,” has identified the top 10 things to watch in the stock market on Tuesday. As Wall Street awaits the quarterly earnings reports of tech giants Microsoft and Alphabet, stock futures have seen a notable rise.
Cramer’s first recommendation is to keep an eye on the US stock futures, which have shown an upward trend on Tuesday. This positive movement indicates the market’s anticipation of the forthcoming earnings reports from the leading technology companies, Microsoft (ticker symbol: MSFT) and Alphabet (ticker symbol: GOO).
The market’s attention is primarily focused on Microsoft and Alphabet, both of which belong to the “megacap tech” category. These companies have a significant impact on the overall market, given their size and influence. As such, Cramer advises investors to closely monitor the announcements regarding their earnings.
Cramer emphasizes the importance of staying informed during this time. He suggests subscribing to alerts or notifications to receive real-time updates following the earnings releases from Microsoft and Alphabet. These alerts will provide investors with valuable information and insights into the performance of these tech giants, aiding them in making informed decisions.
The quarterly earnings reports of Microsoft and Alphabet are expected to have a significant impact on the stock market as a whole, given their market influence and wide investor interest. Analysts, investors, and traders will closely scrutinize these reports for any signs of growth, challenges, or future prospects for these tech giants.
Microsoft, a leading provider of software and cloud-based services, has consistently demonstrated strong financial performance in recent quarters. Its cloud computing platform, Azure, has seen rapid growth and is expected to be a key driver of overall company earnings. Additionally, investors will be keen to assess the impact of the ongoing pandemic on Microsoft’s business segments.
Similarly, Alphabet, the parent company of Google, has garnered considerable attention due to its dominant position in the digital advertising space. Although Google’s core advertising business experienced some headwinds during the pandemic, there are high expectations for substantial revenue growth from its other segments, such as YouTube and cloud services.
Investors are eagerly awaiting the updates from these tech giants, as their performance will provide valuable insights into the health of the technology sector and potentially shape market trends in the coming months. Cramer’s list of top 10 things to watch on Tuesday emphasizes the importance of these earnings reports and suggests that they will likely have a profound impact on the stock market.