Two Mag 7 names, opposite paths into earnings.
Since the Oct 13 close:
- $TSLA up 3.4% (375.3 to 388.1)
- $META down 6.8% (763.6 to 711.5)
24h futures volume was $184M for TSLA and $73M for META. Traders have leaned into Tesla and stayed lighter on Meta ahead of tonight's reports.
That setup often flips after the print. The stock that ran in needs a beat to hold. The one that sold off only needs "not bad".
If you could hold only one through the reports, which one and why?
NFA.
$TSLA
#EarningsSeason
Since the Oct 13 close:
- $TSLA up 3.4% (375.3 to 388.1)
- $META down 6.8% (763.6 to 711.5)
24h futures volume was $184M for TSLA and $73M for META. Traders have leaned into Tesla and stayed lighter on Meta ahead of tonight's reports.
That setup often flips after the print. The stock that ran in needs a beat to hold. The one that sold off only needs "not bad".
If you could hold only one through the reports, which one and why?
NFA.
$TSLA
#EarningsSeason