GOOGL and TSLA sink after earnings; Capitalise using Alphabet, Tesla, and SpaceX DLCs
Big Tech earnings season kicked off on 22 July, with Alphabet (GOOGL) and Tesla (TSLA) reporting after the US market close.
$Alphabet(GOOGL)$ posted record revenue and beat earnings expectations, but shares slipped 2.2% overnight (as of 10AM Singapore time) as investors reacted to higher projected capital expenditure.
The move lifted the Alphabet 3x Short DLC by 6.6%, while the Alphabet 3x Long DLC fell by a similar magnitude.
$Tesla Motors(TSLA)$ , meanwhile, disappointed with second-quarter earnings that missed expectations, as a sharp decline in operating profitability overshadowed revenue growth.
Its shares fell 3.8% overnight, driving the Tesla 3x Short DLC up 11.4%, while the Tesla 3x Long DLC declined by a comparable amount.
Amplifying the move, the Tesla 3x Short DLC surged 11.4%, while the Tesla 3x Long DLC fell a similar magnitude.
With Tesla’s earnings expected to influence sentiment around $SpaceX(SPCX)$ , investors can tap into post-earnings price action through Alphabet, Tesla, and the newly listed SpaceX DLCs.
Tracking the overnight price movements during SGX market hours, investors can react ahead of the US market open tonight.
By tracking overnight price movements during SGX trading hours, investors can position themselves ahead of the US market open. Those expecting a rebound may consider Long DLCs, while investors anticipating further weakness can use Short DLCs to potentially benefit from falling share prices.
Elsewhere, $Advanced Micro Devices(AMD)$ gained 0.8% overnight on news of its Anthropic partnership, while $Micron Technology(MU)$ rose 1.4% after Elon Musk commented that Micron has supplied Tesla with a significant allocation of memory chips.
View the full list of DLCs on dlc.socgen.com
This advertisement has not been reviewed by the Monetary Authority of Singapore. This advertisement is distributed by Société Générale, Singapore Branch. This advertisement does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.
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