Digest & Invest by eToro | Insights on Trading, Markets, Investing & Finance

Sam and Bret unpack a volatile earnings and macro week, focusing on investor concerns about Alphabet’s search business and the muted reaction to Microsoft’s strong results. They also discuss the Fed’s rate decision, other economic and political headlines, and practical lessons about patience around earnings and long-term investing.

Talking Points 👇

🔹 Sam and Bret contrast concerns about Alphabet’s search-ad business with its growing AI search use and strong cloud business.
🔹 Bret describes Alphabet’s stock history: an AI-fear selloff near $85-$90 followed by a rally to around $400, while Sam flags the 200-week moving average near $200 as a potential chart level.
🔹 The hosts discuss search revenue growth of about 12% and the challenge of adapting a core business amid rapid AI changes and high investor expectations.
🔹 They note Microsoft beat across key measures, including cloud revenue and guidance, yet reversed from an after-hours gain to trade lower, despite positive free cash flow and disciplined capital spending.
🔹 Sam advises investors to let the market digest earnings before acting, rather than chasing the initial move or speculating ahead of reports.
🔹 Bret says Microsoft had already climbed roughly 50% from its June low, providing context for its post-earnings pullback.
🔹 They discuss rotation among Mag Seven stocks and the increasingly unforgiving response to missed expectations or cautious guidance.
🔹 The Fed held rates as expected; Sam and Bret also touch on PCE inflation, the ECB leadership news, the UK budget, and political-event uncertainty.

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Join Sam North as he breaks down Google parent Alphabet’s ($GOOG) latest earnings and share price action. Why did shares slide despite soaring Cloud growth?

🔹 What stood out in Google’s earnings?
🔹 Why did shares fall after the results?
🔹 What do AI spending and Cloud growth mean for Google?
🔹 Which key levels should traders be watching?
🔹 How might traders approach the next move?

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This communication is for information and education purposes only and should not be taken as investment advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without taking into account any particular recipient’s investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past or future performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. etoro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication

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In this episode, the team discuss the latest macroeconomic data, earnings reports, and market trends, providing insights into how these factors influence investment strategies and market outlooks.

 Key  topics 👇

🔹 US CPI and inflation trends
🔹Earnings reports from major banks and tech companies
🔹Federal Reserve rate hike expectations
🔹Market reaction to macroeconomic data
🔹Sector performance and market breadth
🔹Oil prices and their influence on inflation
🔹Investor rotation across sectors

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This communication is for information and education purposes only and should not be taken as investment advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without taking into account any particular recipient’s investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past or future performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. etoro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication

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Join Sam North as he breaks down ASML’s ($ASML) latest earnings and share price action. Why did the stock dip despite a strong report?

🔹 What stood out in ASML’s earnings?
🔹 Why did shares slip after the results?
🔹 What does AI-driven demand mean for ASML?
🔹 Which key levels should traders be watching?
🔹 How might traders approach the next move?

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This communication is for information and education purposes only and should not be taken as investment advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without taking into account any particular recipient’s investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past or future performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. etoro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication

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Sam, Martin, and Brett discuss the current state of the AI trade, market trends, and the potential for a market correction. They analyse recent earnings, sector performance, and macroeconomic factors influencing investor sentiment.

Key  topics👇

🔹 AI trade and market sentiment
🔹 Earnings season and company performance
🔹 Sector analysis including tech and consumer stocks
🔹 Macroeconomic factors influencing markets
🔹 Potential market correction triggers

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This communication is for information and education purposes only and should not be taken as investment advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without taking into account any particular recipient’s investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past or future performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. etoro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication

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Join us for etoro's latest investment outlook as our analysts break down the key themes shaping markets in the final three months of the year. 

WATCH ON YOUTUBE

Drivers we look for in Q4 01:30
Key events to watch in Q4 05:00
US market outlook (inflation, yields & rates) 07:00
US stocks resilience 09:00
Europe outlook 12:00
Crypto outlook 15:30
Crypto: what to watch 18:25
Bitcoin technical analysis 23:30
etoro house view 25:08
Q&A 29:35

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This communication is for information and education purposes only and should not be taken as investment advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without taking into account any particular recipient’s investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past or future performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication.

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Join us for the latest episode of Market Bites where the team discuss the latest etoro retail investor beat.

PR Release: 

 🔹Retail investors 2.5x more likely to be attracted than deterred by Big Tech’s AI spending 
🔹43% back Mag 7 to beat the market, but drop in AI bullishness signals higher bar 
🔹Majority (56%) open to letting AI pick investments as tech enters investor toolkit 

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This communication is for information and education purposes only and should not be taken as investment advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without taking into account any particular recipient’s investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. KAny references to past or future performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication

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In this episode, we explore the recent market movements, the rise of Meta and its AI initiatives, and the implications of AI on various industries and investments. Join us for insights into how AI innovations like Muse are shaping the future of business and investing.

Takeaways

🔹Meta's stock surged due to AI developments and new features at Meta Connect
🔹Muse's rapid download growth indicates strong market interest in AI assistants
🔹AI's potential to automate tasks like booking holidays and appointments could disrupt traditional businesses
🔹Investors should be cautious of stock fluctuations driven by AI news and technological advancements
🔹The AI sector is expected to see infrastructure spending reach 3.63% of GDP, surpassing historical levels

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This communication is for information and education purposes only and should not be taken as investment advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without taking into account any particular recipient’s investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past or future performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. etoro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication

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Join Sam North as he breaks down Micron’s ($MU) latest price action and asks: could new all-time highs be coming next?

🔹 What’s driving Micron’s share price?
🔹 What are the main talking points?
🔹 Which key levels should traders be watching?
🔹 Could Micron break out to new all-time highs?
🔹 How might traders approach the next move?

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Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees. Past performance is not an indication of future results.

This communication is for information and education purposes only and should not be taken as investment advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without taking into account any particular recipient’s investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past or future performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication.

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In this episode, Sam and Martin analyze the recent Fed interest rate decision, market reactions, and the implications for investors. They also delve into the AI race, regulatory challenges, and geopolitical influences shaping the future of technology and finance.

Key topics 👇

🔹 Fed interest rate decision and market reaction

🔹 Market expectations and prediction markets

🔹 Guidance and dot plots from the Fed

🔹 AI race between US and China and regulatory challenges

🔹 Geopolitical influences on oil and inflation

🔹 Market sectors responding to AI developments

🔹 Long-term AI investment outlook

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This communication is for information and education purposes only and should not be taken as investment advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without taking into account any particular recipient’s investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past or future performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. etoro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication

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