Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top
Mag 7's diverging Q2 results: Will they boost the market again?
Views 6.7M Contents 1480

The Reason Behind the Reason?

I know. The markets came in weak on Wednesday. The macro was weak. European macro was weak. $Tesla (TSLA.US)$ got its tail kicked. $Alphabet-A (GOOGL.US)$ failed to impress. Maybe the real reason behind the weekness is... that Visa (V) $Visa (V.US)$ disappointed for the quarter on both the top and bottom lines. The issue is this... growth in total payment volume, cross-border volume, and processed transactions all decelerated form the previous quarter. During the call though, CFO Chris Suh spoke of stabilizing US demand for goods through e-commerce post-pandemic and expressed a lack of certainty in whether or not that stabilization will come at pre-pandemic levels. Hmm..
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
5
1
+0
Translate
Report
97K Views
Comment
Sign in to post a comment
    NYSE floor trader for over 30 years. Day trader, long-term investor, and anything in between.
    893Followers
    436Following
    2078Visitors
    Follow