December 7th show episodes are delayed due to issues on a third party platform. Thanks for your patience and check out our other archives in the meantime!
Facebook Ads landing page

Nasdaq 100 Leads Monday Rebound as Facebook Posts Mixed Q3 Earnings

Oct 26, 2021

By: Brendan Fagan


  • Facebook earnings beat estimates, but revenue and guidance comes up short
  • Tesla shares surge on announcement of 100k car deal with rental company Hertz
  • Apple, Amazon, Alphabet, Microsoft also report this week with FOMC next week

US equities pushed higher on Monday as markets prepare for a big week of megacap tech earnings. Energy shares outperformed on the day as WTI briefly traded above $85 before retreating. Tesla set the tone for the session, rising by more than 12.5% following the announcement of a deal with the rental car company Hertz. Hertz announced it would purchase 100,000 Tesla cars, another tailwind for the company following last week’s blowout earnings report. Shares of Tesla traded over the $1,000 barrier, taking the market capitalization of the company above $1 trillion.

Facebook reported mixed results for the third quarter, with revenue figures and forward guidance both falling short of analyst estimates. Despite disappointing revenue data, bottom line earnings did beat the consensus estimate. Monthly active users also came in lower than expected, but despite the mixed results, Facebook shares traded marginally higher in the afterhours session.


Revenue: $29.01 billion vs. $29.45 billion est.

Earnings per Share (EPS): $3.22 vs. $3.17 est.

Monthly Active Users: 2.91 billion vs. 2.93 billion est.



Chart created with TradingView

Market participants certainly have an action packed week ahead, with Microsoft, Apple, Amazon, and Alphabet all set to report earnings this week. What could be a “make or break” week for equity markets comes before next week’s FOMC policy meeting as near-term event risk remains elevated. With inflation on the mind of many, both the Federal Reserve and market participants may look to corporate guidance for any clues as to the nature of current price pressures, and whether they truly are just “transitory.”

Written by Brendan Fagan, Intern

@BrendanFaganFX on Twitter

Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.

Related Posts

tastytrade content is provided solely by tastytrade, Inc. (“tastytrade”) and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, transaction or investment strategy is suitable for any person. Trading securities can involve high risk and the loss of any funds invested. tastytrade, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. Investment information provided may not be appropriate for all investors, and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. tastytrade is not in the business of transacting securities trades, nor does it direct client commodity accounts or give commodity trading advice tailored to any particular client’s situation or investment objectives. Supporting documentation for any claims (including claims made on behalf of options programs), comparison, statistics, or other technical data, if applicable, will be supplied upon request. tastytrade is not a licensed financial advisor, registered investment advisor, or a registered broker-dealer. Options, futures and futures options are not suitable for all investors. Prior to trading securities products, please read the Characteristics and Risks of Standardized Options and the Risk Disclosure for Futures and Options found on

tastyworks, Inc. ("tastyworks") is a registered broker-dealer and member of FINRA, NFA and SIPC. tastyworks offers self-directed brokerage accounts to its customers. tastyworks does not give financial or trading advice nor does it make investment recommendations. You alone are responsible for making your investment and trading decisions and for evaluating the merits and risks associated with the use of tastyworks’ systems, services or products. tastyworks is a wholly owned subsidiary of tastytrade, Inc (“tastytrade”). tastytrade is a trademark/servicemark owned by tastytrade.

Quiet Foundation, Inc. (“Quiet Foundation”) is a wholly-owned subsidiary of tastytrade The information on is intended for U.S. residents only. All investing involves the risk of loss. Past performance is not a guarantee of future results. Quiet Foundation does not make suitability determinations, nor does it make investment recommendations. You alone are responsible for making your investment and trading decisions and for evaluating the merits and risks associated with the use of Quiet Foundation’s systems, services or products.

Small Exchange, Inc. is a Designated Contract Market registered with the U.S. Commodity Futures Trading Commission. The information on this site should be considered general information and not in any case as a recommendation or advice concerning investment decisions. The reader itself is responsible for the risks associated with an investment decision based on the information stated in this material in light of his or her specific circumstances. The information on this website is for informational purposes only, and does not contend to address the financial objectives, situation, or specific needs of any individual investor. Trading in derivatives and other financial instruments involves risk, please read the Risk Disclosure Statement for Futures and Options. tastytrade is an investor in Small Exchange, Inc.

© copyright 2013 – 2021 tastytrade. All Rights Reserved. Applicable portions of the Terms of use on apply. Reproduction, adaptation, distribution, public display, exhibition for profit, or storage in any electronic storage media in whole or in part is prohibited under penalty of law, provided that you may download tastytrade’s podcasts as necessary to view for personal use.