According to @charliebilello, Microsoft reported record Q3 revenue of $78B (+18% YoY) and record net income of $28B (+12% YoY), while Azure and cloud services revenue rose 40% YoY and beat estimates, supporting a constructive read for $MSFT positioning (source: @charliebilello). Per @charliebilello, the Azure outperformance highlights ongoing cloud and AI momentum; traders can use this data point to gauge $MSFT-led tech risk appetite and monitor any correlation-driven sentiment shifts in crypto markets (source: @charliebilello).

According to CNBC, a new screen highlights U.S. stocks reporting next week that have historically beaten Wall Street earnings estimates and tended to rally afterward, flagging potential pre- and post-earnings momentum setups for traders; source: CNBC, Oct 23, 2025. The post-earnings announcement drift effect—where positive earnings surprises are followed by continued outperformance—is well documented and can inform trade timing and risk controls around these names; source: Bernard and Thomas, Journal of Accounting Research (1989). Strong beats from tech-heavy constituents often align with improved risk appetite and periods of positive BTC and Nasdaq-100 correlation seen in 2023–2024, underscoring potential spillover to BTC and ETH sentiment during peak earnings days; source: Kaiko Research, 2024.