Digest & Invest by eToro | Insights on Trading, Markets, Investing & Finance

Sam and Bret unpack a volatile earnings and macro week, focusing on investor concerns about Alphabet’s search business and the muted reaction to Microsoft’s strong results. They also discuss the Fed’s rate decision, other economic and political headlines, and practical lessons about patience around earnings and long-term investing.
Talking Points 👇
🔹 Sam and Bret contrast concerns about Alphabet’s search-ad business with its growing AI search use and strong cloud business.
🔹 Bret describes Alphabet’s stock history: an AI-fear selloff near $85-$90 followed by a rally to around $400, while Sam flags the 200-week moving average near $200 as a potential chart level.
🔹 The hosts discuss search revenue growth of about 12% and the challenge of adapting a core business amid rapid AI changes and high investor expectations.
🔹 They note Microsoft beat across key measures, including cloud revenue and guidance, yet reversed from an after-hours gain to trade lower, despite positive free cash flow and disciplined capital spending.
🔹 Sam advises investors to let the market digest earnings before acting, rather than chasing the initial move or speculating ahead of reports.
🔹 Bret says Microsoft had already climbed roughly 50% from its June low, providing context for its post-earnings pullback.
🔹 They discuss rotation among Mag Seven stocks and the increasingly unforgiving response to missed expectations or cautious guidance.
🔹 The Fed held rates as expected; Sam and Bret also touch on PCE inflation, the ECB leadership news, the UK budget, and political-event uncertainty.
Make sure you subscribe and follow eToro on social media: 👇

YouTube: https://www.youtube.com/@etoro
etoro's platform: https://www.etoro.com/
Facebook: https://www.facebook.com/etoro/
X: https://x.com/eToro
Instagram: https://www.instagram.com/etoro_official
LinkedIn: https://www.linkedin.com/company/etoro/
TikTok: https://www.tiktok.com/@etoro_official

This communication is for information and education purposes only and should not be taken as investment advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without taking into account any particular recipient’s investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past or future performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. etoro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication
See omnystudio.com/listener for privacy information.

Join Sam North as he breaks down Google parent Alphabet’s ($GOOG) latest earnings and share price action. Why did shares slide despite soaring Cloud growth?
🔹 What stood out in Google’s earnings?
🔹 Why did shares fall after the results?
🔹 What do AI spending and Cloud growth mean for Google?
🔹 Which key levels should traders be watching?
🔹 How might traders approach the next move?
Make sure you subscribe and follow eToro on social media: 👇

YouTube: https://www.youtube.com/@etoro
etoro's platform: https://www.etoro.com/
Facebook: https://www.facebook.com/etoro/
X: https://x.com/eToro
Instagram: https://www.instagram.com/etoro_official
LinkedIn: https://www.linkedin.com/company/etoro/
TikTok: https://www.tiktok.com/@etoro_official

This communication is for information and education purposes only and should not be taken as investment advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without taking into account any particular recipient’s investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past or future performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. etoro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication
See omnystudio.com/listener for privacy information.

In this episode, the team discuss the latest macroeconomic data, earnings reports, and market trends, providing insights into how these factors influence investment strategies and market outlooks.
Key topics 👇
🔹 US CPI and inflation trends
🔹Earnings reports from major banks and tech companies
🔹Federal Reserve rate hike expectations
🔹Market reaction to macroeconomic data
🔹Sector performance and market breadth
🔹Oil prices and their influence on inflation
🔹Investor rotation across sectors
Make sure you subscribe and follow eToro on social media: 👇

YouTube: https://www.youtube.com/@etoro
etoro's platform: https://www.etoro.com/
Facebook: https://www.facebook.com/etoro/
X: https://x.com/eToro
Instagram: https://www.instagram.com/etoro_official
LinkedIn: https://www.linkedin.com/company/etoro/
TikTok: https://www.tiktok.com/@etoro_official

This communication is for information and education purposes only and should not be taken as investment advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without taking into account any particular recipient’s investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past or future performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. etoro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication
See omnystudio.com/listener for privacy information.

Join Sam North as he breaks down ASML’s ($ASML) latest earnings and share price action. Why did the stock dip despite a strong report?
🔹 What stood out in ASML’s earnings?
🔹 Why did shares slip after the results?
🔹 What does AI-driven demand mean for ASML?
🔹 Which key levels should traders be watching?
🔹 How might traders approach the next move?
Make sure you subscribe and follow eToro on social media: 👇

YouTube: https://www.youtube.com/@etoro
etoro's platform: https://www.etoro.com/
Facebook: https://www.facebook.com/etoro/
X: https://x.com/eToro
Instagram: https://www.instagram.com/etoro_official
LinkedIn: https://www.linkedin.com/company/etoro/
TikTok: https://www.tiktok.com/@etoro_official

This communication is for information and education purposes only and should not be taken as investment advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without taking into account any particular recipient’s investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past or future performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. etoro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication
See omnystudio.com/listener for privacy information.

Sam, Martin, and Brett discuss the current state of the AI trade, market trends, and the potential for a market correction. They analyse recent earnings, sector performance, and macroeconomic factors influencing investor sentiment.
Key topics👇
🔹 AI trade and market sentiment
🔹 Earnings season and company performance
🔹 Sector analysis including tech and consumer stocks
🔹 Macroeconomic factors influencing markets
🔹 Potential market correction triggers
Make sure you subscribe and follow eToro on social media: 👇

YouTube: https://www.youtube.com/@etoro
etoro's platform: https://www.etoro.com/
Facebook: https://www.facebook.com/etoro/
X: https://x.com/eToro
Instagram: https://www.instagram.com/etoro_official
LinkedIn: https://www.linkedin.com/company/etoro/
TikTok: https://www.tiktok.com/@etoro_official

This communication is for information and education purposes only and should not be taken as investment advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without taking into account any particular recipient’s investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past or future performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. etoro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication
See omnystudio.com/listener for privacy information.