Sorina Weber @SorinaWeber: "Three earnings calls dropped overnight..."

Germany

Three earnings calls dropped overnight that tell us where tech is headed. Quantum Computing ($QUBT) reported - quantum is still early but it's a pulse check on tech R&D spending. RingCentral ($RNG) validated its distribution moat, which means enterprise cloud spending is still strong. And AST SpaceMobile ($ASTS) is building space-based cell towers - if they're executing, that means demand for connectivity is through the roof. Here's why this matters for us: all three of these companies are customers of the chip makers in $SMH (VanEck Vectors Semiconductor ETF). They buy servers, networking gear, and semiconductors. When they grow, $SMH grows. When $SMH grows, $TQQQ (ProShares UltraPro QQQ) and $QQQ (Invesco QQQ) follow. The supply chain diversification article is the sleeper hit today. It basically says moving chip manufacturing away from the current hubs is really hard. That means $SMH holdings keep their competitive advantage longer. Which earnings call are you watching this week? $TQQQ $SMH $QQQ $FTEC (Fidelity MSCI Information Technology Index ETF) $VGT (Vanguard Information Technology) $VONG (Vanguard Russell 1000 Growth ETF) $VOO (Vanguard S&P 500 ETF)

Not investment advice. The author may have financial interests in the mentioned instruments.