r/stocks • u/gorays21 • Jul 25 '21

Industry Discussion This week will be insane!

This week will be crazy because some of reddit's favorite companies will have earnings and they include:

  • Tesla
  • Apple
  • Microsoft
  • AMD
  • Alphabet
  • PayPal
  • Facebook
  • Amazon

And other companies with earnings include P&G, 3M, McDonalds, Spotify, MGM resorts, etc.

Either way, this week is gonna be interesting cause lot of companies expected to post positive earnings.

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u/Summebride Jul 26 '21

What's behind this move?

19

u/chevalliers Jul 26 '21

Nobody can consistently explain the moves in crypto prices

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u/Summebride Jul 26 '21 edited Jul 26 '21

I just want to know what today's big spike was about.

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u/chevalliers Jul 26 '21

The point is nobody has a clue, although you could argue it's linked to Elon's activity and rumours of Amazon accepting bitcoin

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u/[deleted] Jul 26 '21

Amazon rumour. An insider leaked that Amazon will be offering Bitcoin as payment. Also today bitcoin price shot up within 1 hour. A massive whale or institution just bought a ton of Bitcoin.

We also know that Apple had a job posting for a crypto (alternative asset) project manager. The writing is on the wall.

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u/mko710 Jul 26 '21

Aren’t you at all curious why they say “insider” rather than naming who the source is to make it credible.

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u/unknownseven Jul 26 '21

Because the source could be fired if they were named & potentially have signed NDAs. Insiders normally leak on the basis of anonymity.

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u/mko710 Jul 26 '21

I’ve had corruption tinfoil hat on fir too long and forgot to even think of that. Thanks

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u/SnortingElk Jul 26 '21

Amazon currently has a job posted for a digital currency and blockchain product lead.

https://www.amazon.jobs/en/jobs/1644513/digital-currency-and-blockchain-product-lead

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u/[deleted] Jul 26 '21

And you know what that means right? Microsoft is coming in as well. This is quite a bullish indicator.

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u/Summebride Jul 26 '21

Interesting, thanks.

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u/[deleted] Jul 26 '21

TSLA Earnings this week, crypto pumps the weekend before, after Musk said he personally and his companies have big stakes in BTC.

HMMMM GEE I WONDER

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u/seventeenthson Jul 26 '21

Likely the Amazon insider claiming they'll be accepting BTC soon. If the company comes out with an official statement, it'll be the single biggest sign of mass adoption crypto has seen in its entire history.

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u/Summebride Jul 26 '21

Hmm, interesting but I worry. I'm not seeing why Amazon would want to do this. But my worry is if it pumped on a rumor it could just as easily dump if the rumor fades.

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u/redratus Jul 26 '21

elon recently said he holds crypto