Mixed bag of earnings from Mag 7
We had a mixed bag of quarterly results from the Mag 7. Here’s a quick summary of the five Mag 7 that reported last week.
Microsoft and Meta beat earnings. But investors didn’t like the soft guidance on Microsoft’s Azure cloud revenue growth, as well as Meta's projected higher capital expenditure on AI. $Microsoft (MSFT.US)$ $Meta Platforms (META.US)$
Apple reported decent results but failed to impress investors amid the competition in China. $Apple (AAPL.US)$
Google and Amazon beat top and bottom lines estimates with ease. Both shares popped after the earnings. But Google’s rally faltered. Let’s see how Amazon’s share price move on Monday. $Alphabet-A (GOOGL.US)$ $Amazon (AMZN.US)$
A huge week was over. But here comes another one - perhaps even bigger, with the US presidential election and FOMC meeting being the key focus of the week ahead.
Microsoft and Meta beat earnings. But investors didn’t like the soft guidance on Microsoft’s Azure cloud revenue growth, as well as Meta's projected higher capital expenditure on AI. $Microsoft (MSFT.US)$ $Meta Platforms (META.US)$
Apple reported decent results but failed to impress investors amid the competition in China. $Apple (AAPL.US)$
Google and Amazon beat top and bottom lines estimates with ease. Both shares popped after the earnings. But Google’s rally faltered. Let’s see how Amazon’s share price move on Monday. $Alphabet-A (GOOGL.US)$ $Amazon (AMZN.US)$
A huge week was over. But here comes another one - perhaps even bigger, with the US presidential election and FOMC meeting being the key focus of the week ahead.
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