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VRA Letter: Market Ramping Higher on Amazon & Apple Earnings. Welcome to the Best 6 Months of the Year & Best Month for Tesla. Xtract One on the Move. Tyler on “War Zone”.

Good Friday morning. On the heels of excellent earnings from Apple and Amazon, Nasdaq futures are sharply higher this morning with gains of 365 points (+1.4%). The previous two trading sessions, following J Powells doubts about a ...

Posted On October 31, 20254 MIN Read
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Good Friday morning. On the heels of excellent earnings from Apple and Amazon, Nasdaq futures are sharply higher this morning with gains of 365 points (+1.4%). The previous two trading sessions, following J Powells doubts about a Fed rate cut, had been a bit weak with poor market internals and concerns over AI spending. But the results this AM from two of Wall Street’s biggest tech names are reviving the week’s earlier optimism.

Apple is up 2% after the iPhone maker issued an upbeat outlook, saying it now expects total revenue to rise by 10% to 12% during the holiday quarter. Underpinning these forecasts were expectations that customers would upgrade to Apple’s latest version of the iPhone 17. CEO Tim Cook said "the iPhone 17 would lead to the best December quarter in the history of the company."

Amazon shares are jumping a huge 13% after the e-commerce giant posted earnings that easily topped estimates, led by a rebound in margins and solid growth at its cloud arm, AWS (Amazon W...

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