HUGE Earnings - Most impactful week of quarter.
China continues to try to save markets
Push Back? Powell Meets Markets Wednesday.
PCE - FED FAV - The Latest.
Announcing a new Closest to The Pin.
PLUS we are now on Spotify and Amazon Music/Podcasts!
Click HERE for Show Notes and Links
DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar.
Love the Show? Then how about a Donation?
Follow John C. Dvorak on Twitter
Follow Andrew Horowitz on Twitter
Warm Up
- Jury Duty?
- Big Week for ECO - Jobs Report Friday
- Penmanship - making a comeback?
- Is this a Capitulation Moment - China?
-- War Brewing - Dragging US into Mid-East Conflict?
Market Update
- HUGE Earnings - Most impactful week of quarter
- China continues to try to save markets
- Push Back? Powell Meets Markets Wednesday
- PCE - FED FAV - The Latest
PODCAST DEAL
- Sirius XM Holdings Inc. has acquired certain exclusive rights to SmartLess, the hit podcast hosted by actors Will Arnett, Jason Bateman and Sean Hayes, as part of a larger deal between the satellite radio company and SmartLess Media.
- The three-year accord is worth more than $100 million, according to people familiar with the matter who asked not to be identified.
SUPER- Bowl
- Tickets to attend the Super Bowl in Las Vegas — a rematch between the 2020 contenders — are the most expensive ever for the event, going for an average $9,815 each so far, according to reseller TickPick.
- The price is 70% more than last year’s game, which was held in Arizona. The previous record of $7,046 was set in 2021 in Tampa, Florida, when the game was played at sharply reduced capacity
Rate Hike Probabilities
- First move for markets from Oct '23 was the HOPE and LOVE of Fed Rate Cuts to come - As soon as March
- (The we got the AI 'rager' that helped support Bull markets)
- - NOW, Rate CUT hopes fading - markets ignoring facts
--- Rate Cut Chart Odds - Fading
Rate Cut Odds
Reporting this week:
- Alphabet, Amazon, Apple, Meta, and Microsoft
--- Huge components for NAZ100 and S&P500
Microsoft
- Microsoft was expected to report a 15.8% jump in quarterly revenue, its best growth in nearly two years, as rising adoption of its products infused with generative AI fuels demand for its cloud services.
-- ACTUAL:
---- Microsoft's Q2 revenue was $62.02 billion, a 16% increase, surpassing the estimate of $61.14 billion.
----- Earnings per share (EPS) were reported at $2.93, beating the consensus by $0.16.
-- Stock even A/H
Google/Alphabet
- GOOGL company achieved a YoY revenue increase of 13.5%, reaching $86.31 billion, surpassing expectations.
- Google Advertising reported $65.52 billion in revenue, showing an 11.0% YoY growth but falling short of expecations.
-- Stock Down 4% AH
More Earnings - TSLA
- Horrible!
- Earnings per share: 71 cents, adjusted vs. 74 cents expected.
- Revenue: $25.17 billion vs. $25.6 billion expected.
- Operating margin for the quarter came in at 8.2%, down from the year-ago quarter's figure of 16%
- Tesla said in its investor presentation that vehicle volume growth in 2024 "may be notably lower" than last year's growth rate as the company works toward launching its "next-generation vehicle" in Texas.
- Stock down 14% on the news
---- Stock market cap still down 40% since purchase of Twitter in 2022
AMD -
- Met expectations but guided DOWN
- So much for the big rise based on NOTHING!
- Stocks DOWN 10%
Tech Layoffs
- Silicon Valley’s tech companies are slashing headcount at a rapid pace.
- Since the start of January, some 23,670 workers have been laid off from 85 tech companies, according to the website Layoffs.fyi.
- Some are laying off staff in parts of the business to invest more heavily in developing AI products.
China
- The China Securities Regulatory Commission has said that investors will no longer be able to lend out shares for trading purpo...
China continues to try to save markets
Push Back? Powell Meets Markets Wednesday.
PCE - FED FAV - The Latest.
Announcing a new Closest to The Pin.
PLUS we are now on Spotify and Amazon Music/Podcasts!
Click HERE for Show Notes and Links
DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar.
Love the Show? Then how about a Donation?
Follow John C. Dvorak on Twitter
Follow Andrew Horowitz on Twitter
Warm Up
- Jury Duty?
- Big Week for ECO - Jobs Report Friday
- Penmanship - making a comeback?
- Is this a Capitulation Moment - China?
-- War Brewing - Dragging US into Mid-East Conflict?
Market Update
- HUGE Earnings - Most impactful week of quarter
- China continues to try to save markets
- Push Back? Powell Meets Markets Wednesday
- PCE - FED FAV - The Latest
PODCAST DEAL
- Sirius XM Holdings Inc. has acquired certain exclusive rights to SmartLess, the hit podcast hosted by actors Will Arnett, Jason Bateman and Sean Hayes, as part of a larger deal between the satellite radio company and SmartLess Media.
- The three-year accord is worth more than $100 million, according to people familiar with the matter who asked not to be identified.
SUPER- Bowl
- Tickets to attend the Super Bowl in Las Vegas — a rematch between the 2020 contenders — are the most expensive ever for the event, going for an average $9,815 each so far, according to reseller TickPick.
- The price is 70% more than last year’s game, which was held in Arizona. The previous record of $7,046 was set in 2021 in Tampa, Florida, when the game was played at sharply reduced capacity
Rate Hike Probabilities
- First move for markets from Oct '23 was the HOPE and LOVE of Fed Rate Cuts to come - As soon as March
- (The we got the AI 'rager' that helped support Bull markets)
- - NOW, Rate CUT hopes fading - markets ignoring facts
--- Rate Cut Chart Odds - Fading
Rate Cut Odds
Reporting this week:
- Alphabet, Amazon, Apple, Meta, and Microsoft
--- Huge components for NAZ100 and S&P500
Microsoft
- Microsoft was expected to report a 15.8% jump in quarterly revenue, its best growth in nearly two years, as rising adoption of its products infused with generative AI fuels demand for its cloud services.
-- ACTUAL:
---- Microsoft's Q2 revenue was $62.02 billion, a 16% increase, surpassing the estimate of $61.14 billion.
----- Earnings per share (EPS) were reported at $2.93, beating the consensus by $0.16.
-- Stock even A/H
Google/Alphabet
- GOOGL company achieved a YoY revenue increase of 13.5%, reaching $86.31 billion, surpassing expectations.
- Google Advertising reported $65.52 billion in revenue, showing an 11.0% YoY growth but falling short of expecations.
-- Stock Down 4% AH
More Earnings - TSLA
- Horrible!
- Earnings per share: 71 cents, adjusted vs. 74 cents expected.
- Revenue: $25.17 billion vs. $25.6 billion expected.
- Operating margin for the quarter came in at 8.2%, down from the year-ago quarter's figure of 16%
- Tesla said in its investor presentation that vehicle volume growth in 2024 "may be notably lower" than last year's growth rate as the company works toward launching its "next-generation vehicle" in Texas.
- Stock down 14% on the news
---- Stock market cap still down 40% since purchase of Twitter in 2022
AMD -
- Met expectations but guided DOWN
- So much for the big rise based on NOTHING!
- Stocks DOWN 10%
Tech Layoffs
- Silicon Valley’s tech companies are slashing headcount at a rapid pace.
- Since the start of January, some 23,670 workers have been laid off from 85 tech companies, according to the website Layoffs.fyi.
- Some are laying off staff in parts of the business to invest more heavily in developing AI products.
China
- The China Securities Regulatory Commission has said that investors will no longer be able to lend out shares for trading purpo...
Activity