Happy Wednesday! The biggest week of the earnings season is here with Microsoft and Meta leading the way after the market close. Read on to see what Wall Street is expecting from these leaders and why this could be a make-or-break moment for the market.

The AI trade seemed unstoppable — until now. The brutal selloff has erased trillions from some of the biggest chip names, and it continues to spread. Read on to see if this Is this just a healthy reset, or a much bigger unwind.

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In Today's Edition

• MARKET RECAP

• MARKET HEATMAP

• FIVE ZINGERS

• SPONSORED CONTENT

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Microsoft, Meta Report Today: Should You Buy Or Sell Before Earnings?

Two of the market's biggest companies — Microsoft and Meta — report earnings today, and the results will have a massive impact on the tech sector and overall market.

Microsoft: The company has beaten analyst estimates for the past 13 quarters, but the stock price hasn’t shown it. Here’s a look at several key items Wall Street is watching that will have the biggest impact on the share price.

Meta: The company has topped Wall Street estimates for the past 15 quarters, but this time feels like a make-or-break moment with shares recently breaking the 50-day, 100-day and 200-day moving averages. Implied options forecasts a 7% move, but which direction will it be? Read on to find out.

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Yesterday: U.S. indexes finished mixed Tuesday, with the Dow jumping more than 500 points as easing oil prices, strong earnings, and sector rotation lifted sentiment. Meanwhile, chip and memory stocks remained under pressure, with Semiconductor ETFs falling for the fourth straight session as Micron, Sandisk, and AMD plunged. This was an extension of South Korea's selloff with its index (Kospi) falling more than 10%. The rotation out of chip stocks pushed health care and financials to record highs while the Technology Select Sector SPDR Fund fell to its lowest level since early May. Meanwhile, oil slipped below $80 per barrel as optimism grew that a ceasefire could be worked out in the middle east.

On Our Radar: Looking ahead, Wall Street will be paying attention to today’s FOMC interest-rate decision, as well as the press conference from recently appointed Federal Reserve Chair Kevin Warsh. On the earnings front, all eyes will be on Microsoft
(MSFT), and Meta (META) which will report after the market close today.

Top Gainers: Booking Holdings (BKNG), Workday (WDAY), DoorDash (DASH), Autodesk (ADSK), Adobe (ADBE), Amgen (AMGN) Coca-Cola (KO) Boeing (BA)

Top Laggards: Amkor (AMKR), Corning (GLW), Sandisk (SNDK), Sterling (STRL) AMD (AMD), Micron (MU), SK Hynix (SKHY), Seagate (STX), Lumentum (LITE)

But these weren’t the only companies making big moves. Here’s a look at some of the biggest winners and losers on Tuesday.

Check out our interactive heatmap. Filter by market cap, or click on any box to explore specific sectors or assets in more detail.

Whisper Index: Benzinga's Stock Whisper Index is out with five new picks that investors are secretly monitoring. See this week’s top picks, including one that just started taking off.

Full Throttle: Ford hit the gas after earnings, but the real story wasn’t just what happened last quarter, it was what management revealed about the road ahead. See why investors and analysts are bullish about the road ahead.

Power Surge: Bloom Energy turned up the voltage with a blockbuster quarter that easily crushed Wall Street estimates and sent shares powering higher. But the real spark may be what management revealed about the road ahead. Read on for all the details.

Memory Meltdown: SK Hynix just posted its strongest quarter ever as AI memory demand continues to soar, yet shares still fell. Discover what’s behind the pullback and what it means for the AI trade.

Stock Of The Day: Shares of Autodesk continued to surge following a major Wall Street upgrade, but can the rally keep climbing as the stock approaches a key resistance level? See what Wall Street is watching, and where shares are likely headed next.

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