This is one of the biggest earnings days of the quarter. There are three mega-cap technology companies reporting. First there is AMD, which is near lifetime highs and is sporting the oh-so-reasonable P/E ratio of 1,402.
![](https://slopeofhope.com/wp-content/uploads/2024/01/slopechart_AMD-1-640x345.jpg)
Next is Microsoft, which basically goes up every single day.
![](https://slopeofhope.com/wp-content/uploads/2024/01/slopechart_MSFT-2-640x345.jpg)
Finally, Alphabet (umm, Google) which is right near its lifetime high and, of these three, is probably the most vulnerable.
![](https://slopeofhope.com/wp-content/uploads/2024/01/slopechart_GOOGL-640x345.jpg)
I have no positions in any of these, or QQQ for that matter, but of course will keep my fingers crossed for any shocker to the downside.