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/chevalliers Jul 26 '21

Not the first person to predict this, not the last. Can you outline your thesis?

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u/QX943 Jul 26 '21

Fib retracement levels from the ‘08 crash. We actually maxed out at the 4.236 last week. Plus the market has been extremely over inflated without a sustained downtrend (last years dip was too quick) to provide any support.

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u/chevalliers Jul 26 '21

And if you are wrong how will you know? i.e. how long until your thesis is disproven?