Fed FOMC, SoFi Earnings, Big Tech Earnings... | Market Monitor

POET is a potential scam due to promotional tactics and extremely low insider ownership.

Amazon is up and breaching all-time highs before earnings.

Google is trading flat heading into earnings.

Meta is down slightly heading into earnings.

Microsoft is down slightly heading into earnings.

Bloom Energy is mentioned as a company whose high valuation was questioned after its price fell.

Shopify is used as an example of a company whose high valuation was questioned in hindsight after a price decline.

ServiceNow is cited as an example of an AI stock that corrected after reaching recent highs.

Palantir is mentioned as an example of an AI name that became too expensive and subsequently corrected.

QXO is a secondary consideration for buying, especially given its recent fall below $20 a share.

Creator holds a significant position in Nvidia, acknowledging the strength of the AI trade.

Micron is mentioned as an alternative investment, but its upside potential is questioned relative to SoFi.

Robinhood stock is down significantly, similar to SoFi, with no clear positive outlook.

SoFi is a hold due to mixed earnings and dependence on Fed rate cuts, despite strong revenue growth and a solid business model.