It traded as low as 269 in the after hours and now is trading around 277-280. Still got the conference call too which can move things as well.
We won’t know where MSFT lands until the get to the guidance portion of the earnings call. Regardless, not a good sign that it immediately went red b/c I think every trader/investor on Earth was hoping for a huge beat.
We don’t know who’s smart/dumb yet. The beat was not great. And COVID may have accelerated the tech cycle pulling forward sales. We won’t know until they get to guidance.
I'm not bullish to the extent you are or say these kind of stocks will bounce back just like that.
Agreed on long term. I'm in the greedy mode for short term! I have more buying to do and if we get to an acceptable level, it may be leverage time. Fun stuff!
My recommendation will always be playing HC via a fund or etf. The randomness of clinical trials and FDA decisions make it essentially gambling (unless you are willing to buy 10+ stocks to mitigate the unpredictability and create your own mini fund).
Healthcare, Energy, Consumer Staples are the places pundits think are good places to go.
I never have a time frame. I just want to have a profit, hopefully a healthy one lol. If it happens quick fine, if it takes some time fine.
My issue with Disney is simple = I’ve heard analysts pushing Disney lately because it’s essentially back to pre-COVID levels and now you get D+ baked into the numbers. However, they fail to mention that Disney was popular with income investors because it was a great dividend play. Well, they cut the dividend due to COVID and have yet to reinstitute it. Plus, Omicron could not have helped Disney’s quarter. I actually had a family trip to Disney that I cancelled early January and the rep on the phone led me to believe they were flooded with those phone calls. But again, just my opinion.
I'm happy to hear anyone's opinion regardless of whether it's 180 from me or not and I consider you more knowledgeable than me too.
Let's put quotes around "slowing". After 4 quarters of 50% or 51% growth, it grew.....wait for it.....46% (which matched street expectations). Oh the humanity. LOL.
Wait until tomorrow before talking about smart or dumb money. Volumes in after hours often very small.
MSFT had a good report, but it will take a few others to help the confidence of this market. We have the following issues that we are dealing with, inflation, china, Ukraine, Bidens cognitive issues, The U.S. collapsing foreign policy, Omicron which is waning, High crime rates all over america, and lots of other issues. But if we get a few more good earnings reports this market could stabilize very quickly.Strong earnings, double beat!
Microsoft beats on earnings and revenue, delivers upbeat forecast for fiscal third quarter
Azure cloud growth slowed below the 50% mark again even as Microsoft's customers enter longer-term contracts. Windows license revenue jumped 25%.www.cnbc.com
Earnings: $2.48, adjusted, vs. $2.31 per share as expected by analysts, according to Refinitiv.
Revenue: $51.73 billion, vs. $50.88 billion as expected by analysts, according to Refinitiv.
Revenue increased by 20% year over year in the quarter, according to a statement, compared with almost 22% growth in the previous quarter.
Would not be a bad entry point for long term hold. But still fairly expensive stock. Earnings will tell the real Omicron story.
Capitulation will be Feb 1 or 2 when all the Tech earnings come out so I expect the market to continue down until then. Hope I m wrong.
Amazon is probably behaving the oddest of all the big tech stocks. Seems like nobody even talks about it as a FAANG darling anymore. I don’t know if it’s the PE, operating margins, etc. but it’s gotten crushed since it hit $3700. I’m wondering if it could be a sleeper and report better than expected numbers.
Several firms made it best bet for 2022.
Who knows…Perhaps it’s the one to buy on this major down-swing, especially if it’s cloud business performed well relative to Azure and IBM now that they both already reported.
Honestly, that works for me. Sure, I would love to see the turnaround tomorrow, but another week or so of buying opportunities is fine as well.
Smart people are starting to win out! MSFT crushed earnings, once again.
I don't know what will happen tomorrow and in the futue but like I said above often you see sell first ask questions later. Then things can settle down after some time to digest.
MSFT turning around is a good sign. I will probably be buying more tomorrow. I am looking at NVDA
Surprised it isn't AAPL. I have accumulated a huge amount of AAPL over the years.MSFT with the (my top holding across all accounts - funds, etfs, stocks):
