From Nasdaq:

The latest episode of Full Court Finance at Zacks breaks down the market after the wave of big tech earnings reports from Tesla and Netflix. It explores why investors should consider buying Meta, Apple, and Amazon ahead of their quarterly earnings on February 1.

The S&P 500 is near all-time highs as it heads into the highly-anticipated week of earnings reports, including Microsoft, Meta, Apple, and Amazon. Netflix, United Rentals, and American Airlines soared, showing the strength of U.S. consumers. Tesla underperformed, but it might be a good buying opportunity with its current levels.

Big tech reports next week will be crucial, and the market is expected to face selling pressure despite potential pullbacks. Thus, it might be the right time to adopt buy-and-hold strategies, especially with tech giants.

Meta shares are trading at all-time highs, with an increase of 160% in the last year. With steady growth and high user base for its apps, Meta stands to benefit from ongoing ad spending and promises long-term growth.

Amazon is focused on improving efficiency and profitability by growing its cloud computing, e-commerce, digital advertising, and Prime offerings. It’s expected to grow its adjusted earnings by 280% in FY23 and another 36% in FY24, while boosting revenue by 11% and 12%, respectively.

Apple, trading at a discount, saw slight declines in revenue last year but remains a strong stock. With its iPhone sales and fast-growing digital services, Apple is expected to boost its adjusted earnings.

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