Google (GOOG/GOOGL) and Microsoft (MSFT) were the first of The Big 5 to report 2Q22 earnings Tuesday afternoon – and their reports can best be characterized as mediocre. Let’s start with GOOG/GOOGL. Core Advertising Revenues grew only 12% – compared…
We’re hitting peak inflation and yet the dollar remains as strong as it is. That doesn’t point to a meaningful recovery for gold prices – Shannon Saccocia, Chief Investment Officer SVB Private (quoted in WSJ) It’s been a long, miserable…
Snapchat (SNAP) is getting crushed (-25%) after hours Thursday after reporting 2Q22 earnings. While more and more people are using the app – Daily Active Users (DAUs) increased to 347 million from 332 million a quarter ago – SNAP struggled…
It’s been an extremely volatile year for commodity stock bulls like myself. During the first quarter the stocks marched relentlessly higher along with inflation and commodity prices while the second quarter was the mirror image of the first as the…
Netflix (NFLX) had been decimated to the tune of -70% over the last eight months heading into Tuesday afternoon’s 2Q22 earnings report. Tuesday’s report was by no means great but it suggests that NFLX can stop the bleeding. Paid subscribers…
You don’t want to overdo the rate increases – Fed Governor Christopher Waller, quoted in Nick Timiraos, “Fed Leans Towards Another 75 Point Increase: Consensus Builds Against Larger Boost Despite Worry Over June Inflation Report” [SUBSCRIPTION REQUIRED], WSJ A1, Monday…
Were the Fed to ease because of growth fears before inflation has been vanquished, it would risk repeating its stop and go tightening of the 1970s, which economists now see as a costly policy error – Nick Timiraos, “Fed Wary…
On Wednesday afternoon the Fed Minutes for the June meeting were released and they were quite hawkish. For example, on the front page of today’s WSJ Nick Timiraos – The Fed Whisperer – wrote an article titled “Fed Takes Stricter…
After a summer lull in markets, things are about to pick up next week. 2Q22 earnings season kicks off as well as the crucial June CPI Report on Wednesday July 13. Following that is the Fed Decision on Wednesday July…
The one stock star amid the doom and gloom this week is General Mills (GIS) which reported earnings Wednesday morning. The maker of Cheerios and Betty Crocker cake mix is the first company I’m aware of that seems to have…