And the NASDAQ index is holding up pretty well despite this. That might be a sign of the bottom for the NASDAQ.
OT: Stock and Investment Talk
- Thread starter RU-05
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And the NASDAQ index is holding up pretty well despite this. That might be a sign of the bottom for the NASDAQ.
I don't know where FB Marketplace came from, of if we just include that in the FB build, but I've found that very useful. Got a great deal on a car off of it. Bought a stove and a washing machine as well (buying new is for suckers).
It's my only use of FB, but it gets a big thumbs up from me.
All the indexes have held up despite MSFT, GOOGLE and META getting smashed.
NOW on the other hand is up 16%, CEO says(you might be watching this as well) they raised 4th Qtr guidance.
I was watching. That guy is funny to listen to and he is killing it. I've seen him before and he seems to be way ahead of the curve.
They've acquired 10-12 Oculus/VR related companies in the last 3 years. You can say its failing, or say it's still building.
Everyone expects another .75 at the next meeting. Another .50 on top of that by the end of the year.
But the economy can grow while inflation comes down.
The details of this are interesting. All the gains seem to be exports (primarily energy and weapons) to Europe.
The rest of the details are all over the place. Look forward to someone breaking this down in an article.
My portfolio reflects this.
Defense and oil stocks have helped offset the tech and growth getting destroyed.
NOC is up 56% for me. HII and LMT up 30%. HII had been a dog for awhile, but I stuck with it.
On the oil side I have SLB up 40% OXY up 25% and KMI up 15%. The latter of that group was down on a disappointing qtr. I should add.
What are the predictions for AAPL reporting today. My guess is the market will head lower tomorrow and planning to buy a modest amount of puts on TQQQ and SOXL before closing today.
Diversification ! In my opinion in pays off in the long run to be diversified bases on your personal investment plan. Heavy concentration in a given sector or stock can look good in the short term but usually doesn’t work in the long term, at.east that’s my experience.
What has killed Googl and Meta(snap too) is ad revs. Meta has the added weight of the metaverse investment.
I think MSFT's issue was cloud growth?
So I definitely think the AAPL story is much different than those companies. Now maybe they have similar downside issues with their products? But it's definitely different.
And it was Apple's privacy policy changes that directly caused the problems at Google/Meta with ad revenue. They've benefited while the others have been hit.
Money moving from high PE mega stocks seeking value supports overall market. Money does not flow from META to cash. So, S&P stable. Once earning season is over expect drip down to lower levels.
S&P 3k?
S&P 3k?
AMZN now getting smashed down 20ish%
I sold it at $135(think I was somewhat even or maybe down a bit).
Almost bought it back via options at $120 and $125.
See how it shakes out here, but I might look to get back, but rev guidance is really bad apparently. And that's not good for a high p/e stock.
I sold it at $135(think I was somewhat even or maybe down a bit).
Almost bought it back via options at $120 and $125.
See how it shakes out here, but I might look to get back, but rev guidance is really bad apparently. And that's not good for a high p/e stock.
AWS broke the $20b revenue threshold with 33% growth. Wow. The future looks good for AMZN. Retail was impacted by the economy, but that happens from time to time. Probably a good time to jump back in on this artificial dip.
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INTC with a double beat and $10b cost savings plan. Up 7% in extended.
www.cnbc.com
Intel announces up to $10 billion in cost reductions through 2025
Intel said that it intends to find cost reductions and efficiencies worth up to $10 billion through 2025. But guidance for the full fiscal year came up short.
I knew earnings weren’t going to be good for Fang and retained less than 100 shares of each. I even cut back more seeing MSFT drop.
Nice double beat for AAPL. Also, a beat on gross margin. Very well done!
www.cnbc.com
Apple beats but comes up light on iPhone sales and services
Apple reported earnings after the bell. Here are the key numbers compared to what Wall Street was expecting, per Refinitiv estimates.
Horrible day for CS, 400mm operating loss pulling forward a ton of restructuring costs into a 4.0 billion loss. Restructuring plan not received well given huge dilution and 3 year build out, just to stabilize the bank.
I am still amused by statements earlier this month. What does “speculation that cs balance sheet with respect to credit default swaps” actually mean. What were you trying to say?
Ya AWS continues to grow, and there seems to be a lot of room for belt tightening in retail.
If they slim down in the intermediate time frame, and then the economy bounces back in the back half of 2023, the EPS should grow considerably.
Stock sank a little initially, but has bounced back. Down 1%.Nice double beat for AAPL. Also, a beat on gross margin. Very well done!
Apple beats but comes up light on iPhone sales and services
Apple reported earnings after the bell. Here are the key numbers compared to what Wall Street was expecting, per Refinitiv estimates.
People are knee-jerk emotional during bear markets. LOL! AAPL had an amazing quarter, especially with so many headwinds.
Wow, the market is drinking from a firehose of information today.
ECB raise rates, META, AMZN, GDP numbers but really didn't move that much. I guess everyone is waiting for the FED and/or the mid terms.
Although Nasdaq futures are currently down 3%.
ECB raise rates, META, AMZN, GDP numbers but really didn't move that much. I guess everyone is waiting for the FED and/or the mid terms.
Although Nasdaq futures are currently down 3%.
