$ASML destroyed their earnings report and the most important aspect for me is their Net Bookings: • €7.1B (€3.1B beat).
Showing that Capex is not expected to change in this sector during this earnings season.
On the chart, $ASML took a beating this week, as did $NVDA but held at a crucial support line on the 0.618 Fib at $654 and under its 200 WMA.
Price has now bounce on this support line and already up to $733 in the PM now, above the 200 WMA but just shy of the 0.5 Fib
$ASML is in my Top 10 list for a reason and holding above the 200 WMA at $707 is a BUY.
And you are very early here.
$ASML ASML Q4 FY24:
• Net bookings €7.1B (€3.1B beat).
• Net sales +28% Y/Y to €9.3B (€0.2B beat).
• Gross margin 52% (flat Y/Y).
• Operating margin 36% (+3pp Y/Y).
• EPS €6.85 (€0.12 beat).
Q1 FY25 Net sales guidance:
• €7.5-8.0B (€7.2B expected).
TommyJR
2025-01-31 01:02:22 +0000 UTC