This week, the usa earnings season is peaking,S&P 500 Index (.SPX.US)45% of companies by market cap are about to announce their latest performance.

Among them, five large technology companies out of the seven giants of the usa will successively release earnings: on Wednesday (Tuesday's post-market trading) Example of such tech giants is Google-C (GOOG.US) announce their performance, on Thursday Microsoft (MSFT.US)Please use your Futubull account to access the feature.$Meta Platforms (META.US)$ On Friday, $Amazon (AMZN.US)$ Nvidia. $apple(AAPL.US)$ . At the same time, PayPal (PYPL.US)Please use your Futubull account to access the feature.Advanced Micro Devices (AMD.US)Please use your Futubull account to access the feature.$ebay(EBAY.US)$ Please use your Futubull account to access the feature.$Intel(INTC.US)$Please use your Futubull account to access the feature.uber technologies The earnings reports of US stocks companies will also be released successively this week.

Goldman Sachs analyst Peter Callahan made predictive ratings on these upcoming financial reports in the latest report. Goldman Sachs is most bullish on meta platforms and gave it the highest score of 9.5, followed by Amazon with 8.5, Apple with 8, Microsoft with 7, and Google with 6. Intel and other companies received the lowest score of 2.

The financial reports of these large tech stocks are being released intensively before the US election and the Federal Reserve decision, potentially causing market fluctuations. Goldman Sachs has identified ten key focus areas and industry trends for this 'Super Earnings Week.'

1. TMT (Technology, Media, Telecommunications) financial reports performing well.

So far, TMT stocks have shown strong performance in the third quarter earnings reports. Among the first batch of information technology companies to report earnings, around 78% exceeded earnings per share (EPS) expectations, while the communication services industry was around 67%.

2. The seven tech giants of the US stock market.

Goldman Sachs points out that the challenge for the seven US tech giants is that it is currently difficult to find financial reports that investors consider 'good'—META faces expectations of increased sales and capital expenditures pressure in 2025, there is debate over Amazon's fourth-quarter profit guidance, Google's YouTube is slowing its growth and facing regulatory pressure, Microsoft has lowered EPS expectations again, there are controversies over Azure's transparency, and there is uncertainty in Apple's fourth-quarter guidance.

3. Investor Sentiment

Goldman Sachs pointed out that the most popular financial reports among investors include $Meta Platforms (META.US)$Please use your Futubull account to access the feature.$apple(AAPL.US)$Please use your Futubull account to access the feature.$Amazon (AMZN.US)$Please use your Futubull account to access the feature.$Reddit (RDDT.US)$Please use your Futubull account to access the feature.$Mastercard(MA.US)$Please use your Futubull account to access the feature.After reporting better-than-expected results, Bank of New York Mellon's (BNY Mellon) stock rose over 5% and Goldman Sachs raised its target price. BNY Mellon's quarterly adjusted earnings per share were $1.51, exceeding market expectations of $1.43; revenue was $0.4597 billion, beating market expectations of $0.4523 billion; net interest income was $1.03 billion, exceeding market expectations of $1.01 billion. Goldman Sachs maintains a buy rating and raised the target price from $68 to $74.Please use your Futubull account to access the feature.DoorDash ;

The most controversial aspect is Investors who only hold long positions are overallocated in stocks including Microchip Technology, On Semiconductor, Texas Instruments and Qualcomm (QCOM.US), while hedge funds are most overallocated in stocks including Teradyne, Qualcomm, Micron (MU.US), Cadence Design Systems, and Qorvo.Please use your Futubull account to access the feature.$F5 Inc(FFIV.US)$Please use your Futubull account to access the feature.$electronic arts inc(ea.us)$N/A.$Visa(V.US)$and$ebay(EBAY.US)$ Please use your Futubull account to access the feature.Microsoft (MSFT.US)Please use your Futubull account to access the feature.Roblox (RBLX.US)Please use your Futubull account to access the feature.uber technologiesPlease use your Futubull account to access the feature.$Atlassian(TEAM.US)$ ;

The least popular is Advanced Micro Devices (AMD.US)Please use your Futubull account to access the feature.Google-A (GOOGL.US) also had two splits, the most recent being in 2022. Nvidia is about to undergo its sixth split since 2000.Please use your Futubull account to access the feature.$Snap Inc(SNAP.US)$Please use your Futubull account to access the feature.$Global Payments Inc. (GPN.US)$Please use your Futubull account to access the feature.$Confluent(CFLT.US)$Please use your Futubull account to access the feature.$Etsy Inc(etsy inc)$ fell 1%, and Amazon's stock price extended its gains. The stock price of PDD Holdings fell 1.3%, while Etsy's stock price remained roughly flat.Please use your Futubull account to access the feature.$Procore Technologies(PCOR.US)$Please use your Futubull account to access the feature.STM.US Please use your Futubull account to access the feature.$Intel(INTC.US)$.

Observations on Various Industries

Goldman Sachs believes that confidence in the software industry remains low, while the hardware industry may perform strongly in 2025 due to the PC cycle, iPhone cycle, and the recovery of non-AI datacenters. The situation in the internet industry is unclear, and investors in the payment industry are relatively relaxed, with no need to worry about profit issues for the time being.

Focus on the Construction of AI Infrastructure

Goldman Sachs believes that the market's interest in the expansion of AI at the 'infrastructure' level by 2025 is an important or prime theme, involving everything from GPUs to switches, fiber optics, CPUs, and more. Stocks related to AI infrastructure have shown strong performance, such as Corning (GLW.US)Please use your Futubull account to access the feature.$Belden (BDC.US)$Please use your Futubull account to access the feature.$安费诺(APH.US)$Please use your Futubull account to access the feature.$Eaton Corporation Plc (ETN.US)$ According to documents filed with the U.S. Securities and Exchange Commission (SEC), some of the most prominent actions Third Point took in the second quarter, respectively, were to establish positions, shareholding of and more.

Six, semiconductor industry cycle

As a pioneer in the semiconductor industryTexas Instruments (TXN.US)Last week, the company first released its financial report, and the fourth-quarter revenue guidance was not lower than expected. Goldman Sachs believes that the stocks in this sector still need to be observed.

Seven, storage industry

Goldman Sachs is puzzled about the outlook for storage and semiconductor equipment in 2025, such as ASML's performance debacle, BE Semiconductor's fourth-quarter guidance below market expectations, but companies like LRCX remain optimistic about growth in 2025. This week, attention needs to be paid to the financial reports of companies like Samsung and their views on HBM/storage and foundry industry prospects.

Eight, advertising industry

虽然关于第三季度广告趋势的讨论较少，但对第四季度指引（选举+假日）及由此产生的讨论则增多，投资者想从GOOGL搜索、RDDT、META等公司财报中寻找更明确的线索。

九、软件行业

高盛认为，软件行业目前开局良好，但本周将迎来更大考验，几家中小型公司（如 $Confluent(CFLT.US)$Please use your Futubull account to access the feature.$Gen Digital(GEN.US)$N/A.$Twilio(TWLO.US)$Please use your Futubull account to access the feature.$Procore Technologies(PCOR.US)$Please use your Futubull account to access the feature.$Paycom Software(PAYC.US)$Please use your Futubull account to access the feature.$Paylocity (PCTY.US)$Please use your Futubull account to access the feature.$Atlassian(TEAM.US)$ Earnings report will be released, investors expect to see stable signs in the fourth quarter guidance to boost confidence in the outlook for 2025.

X. Some 'defensive' or low volatility stocks are stagnating.

Goldman Sachs pointed out that this phenomenon is partly due to the rise in U.S. Treasury yields (10-year U.S. Treasury yields once exceeded 4.2%) and the 'tension' of cyclical risks. Several 'value'/'defensive' TMT stocks will release earnings reports this week: $F5 Inc(FFIV.US)$Please use your Futubull account to access the feature.$Check Point Software (CHKP.US)$Please use your Futubull account to access the feature.$MSCI Inc(MSCI.US)$Please use your Futubull account to access the feature.Zebra Technologies (ZBRA.US)Please use your Futubull account to access the feature.Automatic Data Processing (ADP.US)Please use your Futubull account to access the feature.$ebay(EBAY.US)$ Please use your Futubull account to access the feature.GoDaddy (GDDY.US).

Editor/Somer