Shepard

THE CORRECTION ENDS THIS WEEK. OR IT GETS WORSE. Here are the 5 earnings reports that decide it. 1/ $AAPL reports Monday after the close. Expectations: EPS of $2.02 on $115.3 billion in revenue. Apple has beaten EPS estimates in each of the last 11 quarters. The stock is trading right at $344, just below its all time high. That level is now the key. My main scenario: $344 holds, earnings deliver and Apple breaks into new all time highs. If $344 breaks, a pullback toward $317 or even $300 is possible. The uptrend stays intact as long as $300 holds. That’s also where the 200 day moving average is catching up. Losing $300 would open the door toward $273.

Let's see where $GOOG might head this week. The bullish path I drew before earnings is invalidated. Marked it grey. The bold arrow shows what's playing out: losing $314 brought the range between $270 and $314 into play. The stock now trades at $278, right above the $272 support. It also lost its 200 day moving average around $339. From here it's a 50/50 setup. As long as we close above $272, Google is still building a higher low on the bigger chart. The overall uptrend isn't even cracking. Holding $272 would bring $314 back into play. Reclaiming $314 and then $332.82 would restore the momentum. Above that the 200 SMA and $360 are the next key levels. Losing $272 would mean a deeper correction toward $258 and below. I stick to my take. For me Google is still one of the biggest opportunities in the market right now. Stay bullish

$INTC lost its key support. And with it the short term uptrend. Intel dropped almost 29% after earnings and closed Friday at $65.76. The stock broke below the $81.98 low and the 200 day moving average around $86 in one move. The bullish path I drew before earnings is invalidated. Marked it grey. The broken $81.98 low means we’re now in a short term downtrend. The range between $82 and $54 is now in play. As long as Intel stays below $82, that level acts as resistance. From $54 it’s a 50/50 setup. Holding there could build a base for a recovery. Losing it would bring the $40.48 support into play. The bigger uptrend that started in April stays intact as long as $40.48 holds. The stock can fall there without breaking it.

Good morning, Investors. $AAPL did $109.4B in revenue last quarter. Up 16% year over year. EPS up 29%. And the guidance for the September quarter? Another 9 to 11% growth. Despite FX headwinds. Despite supply constraints. Despite rising memory costs. Apple raised prices across the lineup and demand kept coming. That is not a slowdown. That is pricing power. Tonight after the close John Ternus hosts his first earnings call as CEO. First numbers on the iPhone 18 Pro launch and the outlook for the holiday quarter → all on the table. Eyes on the market.

$SPY is at a decision point. And the midterms might already be priced in. On Friday the S&P 500 tested the $749 support. Low of the day: $750.36. Close: $755.72. Buyers stepped in right where they had to. Since August the index has been moving in a range between $749 and $780. As long as $749 holds, the range is intact. Holding $749 opens the way back toward $775. A break above $780 means new all time highs. Losing $749 would be the first sign of weakness. Then the $728 area comes into play, right where the 200 day moving average sits. The midterms are on Tuesday. Forecasts see the Democrats favored to win the House, while the Senate stays open. That's typical for midterms. The president's party usually loses seats. No surprise, no shock. Expect volatility. The $749 level decides the direction.

Good morning, Investors. $MRVL dropped from $251 to $196 in just three trading days. More than 20% gone. The reason: Bloomberg reported Marvell is in advanced talks to buy $LITE . A deal worth around $83 billion, likely paid fully in stock. Investors fear heavy dilution. But look at what Marvell would get. Lumentum builds the lasers and optical components that connect AI data centers. That’s exactly where the bottleneck sits right now. Raymond James says the deal could be EPS neutral by 2028 if structured right. Rosenblatt, Piper Sandler and Stifel all kept their positive ratings. And Google already holds a warrant to buy Marvell shares at $206.58. Today the stock trades below that price. An official announcement could come as soon as next week → the deal terms will decide how big the dilution really is. Eyes on the market.

Good morning, Investors. $AMZN missed on both lines. EPS $1.89 vs $1.96 expected. Revenue $201.9B vs $202.3B. Just like $GOOGL, the real fear was capex. Amazon sticks to $220B in spending for 2026 and free cash flow over the last twelve months sits at minus $42.4B. The stock dropped more than 7% after hours. Then the market read the fine print. AWS grew 39% and accelerated for the second quarter in a row. The backlog jumped $82B to $578B. Management expects 40%+ AWS growth in both 2027 and 2028. And capex was not raised. Buyers stepped in. Amazon closed at $240.35, down only 1.4% while the Nasdaq lost 2.9%. That is not weakness. That is relative strength. All eyes on Monday's open. Reclaim $245 → the bounce has legs. Eyes on the market.