Simpler Trading

Nasdaq-100's 2nd worst day of 2026 📉 I joined @cvpayne on @FoxBusiness Making Money mid-selloff: 🔹 $AMZN buyer at the 200-day 🔹 $GOOGL not touching it 🔹 $MSFT still my leader 🔹 Cyber: $HACK & $CRWD 🔹 Staples: $WMT & $COST up Full segment 👇 @simplertrading

Semis & the Nasdaq-100 are BOTH having their 2nd worst day of 2026 👇 🔹 $SMH -7.7% 🔹 $QQQ -3.7% I'll be live on Making Money with @cvpayne on @FoxBusiness at 2:50pm ET to talk about the selloff & where the opportunities could be. Tune in!

1/ The Nasdaq selloff got another catalyst yesterday. $AMZN & $SNDK reported after the close and both sold off. 🔹NQ futures down about 2% from Wednesday's settle 🔹$AMZN fell about 7% after hours from the $243.79 close 🔹$SNDK fell about 4% after hours My levels for today 👇

There is earnings destruction; then there is total and complete earnings destruction ($INTC). With this move, Intel has removed all gains since the major breakaway gap post-earnings in April. A massive break below the 200 SMA is not a buy.

$GOOGL is down -6% post-earnings, which is not that surprising given it went into earnings under technical resistance and has fallen 2/4 quarters post-earnings. 🔹Revenue was $127.6B, a slight miss against about $128.2B expected, though still up 25% from a year ago. 🔹EPS was $2.12, a big miss against about $3.02 expected. About $0.55 of that gap is a paper loss on Alphabet's investments, but even adding it back leaves EPS around $2.67, still short of the estimate. 🔹Google Cloud revenue more than doubled to $30.7B, beating the roughly $28.7B expected. Cloud profit rose to $11.1B from $3.6B a year ago, which is the long-term bull case. 🔹Search grew 12% to $63.4B, with queries growing at the fastest pace in five years. That eases the fear that AI chatbots are eating Google Search. 🔹Cash flow is the problem. Alphabet spent $51.4B building data centers and other capacity this quarter. Free cash flow, the cash left after that spending, was negative $9.1B for the second quarter in a row. Alphabet also sold about $12.4B of new stock and $28.7B of bonds to fund itself, and new shares water down existing holders. 🔹The 1:30 PM PT call should cover the spending outlook. A higher 2027 spending number could add more pressure. The sell-off likely stems from the earnings miss, negative cash flow, and new share sales outweighing the cloud beat.

$MSFT has made a new all-time high post-earnings. The key here is whether we see follow-through after the market opens tomorrow. Overall, I love the reaction and the stock. Let's see if it can get above $555 and stay there. 🔹Revenue was $92.3B, ahead of the roughly $90.7B Wall Street expected and up 19% from a year ago. It also topped Microsoft's own forecast range. 🔹EPS came in at $4.89 adjusted, ahead of the $4.73 expected. 🔹Azure, the cloud business, grew 48% to $33.2B. Microsoft had guided to 44–45% growth. This is the number the stock trades on, because faster Azure growth shows the huge AI spending is turning into real revenue. 🔹Backlog, the revenue already under contract for the future, jumped 73% to $677B. That points to strong demand ahead. 🔹The weak spot was Windows and devices revenue, which fell 22%. It's a small piece of the company and isn't what's moving the stock. Guidance comes on the 2:30 PM PT call, and that can still swing the stock. Watch for next quarter's Azure growth target and the spending plans. #microsoft #earnings #stockmarket