The Premarket Prep team take a look ahead at some of the companies reporting earnings this week. Watch Premarket Prep every market morning at 8AM ET, exclusively on YouTube.
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00:00 You know you're in the bull market when they sell the mega cap ex, but they don't go to cash.
00:05 They go to other stocks.
00:06 Exactly. And this is exactly right.
00:09 It's like when they were selling tech last week, they were buying other things.
00:12 And that's where the bulls are still in control here until we start seeing selling across the board.
00:17 And I mean, you know, that can happen.
00:19 We're getting at Microsoft and Google, but even if Mike on Tuesday, but even if they miss, they probably are just going to sell those stocks and buy other stocks.
00:26 I don't know if they're going to turn around and just sell everything because Microsoft and Google miss.
00:31 But I mean, that's really tonight is quiet.
00:33 You know, we get Domino's pizza today and then tonight we got like NXPI, which could move the semis a little bit.
00:39 Logitech's on their whirlpools on there.
00:41 But it's tonight's pretty quiet.
00:43 Tomorrow is like Microsoft and Google and Texas Instruments and Spotify and Snapchat always seems to move the market to a certain extent.
00:50 Visa. I mean, and then Wednesday we get Meta and Thursday, Amazon and Intel, McDonald's.
00:56 We got some names this week.
00:57 There it is. Money makes a beautiful calendar there.
00:59 But you can see tomorrow night is really the real kickstart of earning season because it's the first reports from the big guns.
01:06 Just to mention, I think a really important report for me is going to be that GE report's been going up all year.
01:13 Will it finally break that trend?
01:15 I mean, talk about a channel.
01:17 This has been in channel station all year long.
01:20 I mean, it's ridiculous.
01:21 So the run that it's been on.
01:23 But hey, I'm not going to get in the way of this.
01:25 I'll be waiting to see what reports come this week.
01:28 A lot of action going to be coming, especially starting Tuesday through the rest of the week.
01:32 We have a lot to go through.
01:34 Of course, we got the Fed FOMC minutes meeting on Wednesday.
01:39 Then we'll get also PCE.
01:41 I mean, it's going to be a hell of a week.
01:43 Just get ready, guys.