GOOG/GOOGL MSFT: Mediocre

GOOG/GOOGL MSFT: Mediocre

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…

The Case For Gold Now II

The Case For Gold Now II

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…

Oh SNAP!

Oh SNAP!

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…

NFLX: Good Enough

NFLX: Good Enough

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…

Will The Fed Please Shut Up

Will The Fed Please Shut Up

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…