The Rippers Daily Recap 2/2: Meta Takes the Meta Ticker

Hey Rippers fam, happy February!

Hey everyone, it’s Evan! But I’m better known online as @StockMKTNewz. If you know me, you know I tweet way too much for any sane person to track. So, I thought I would narrow down my hundreds of tweets to get you caught up here in under 5 minutes on all the news from today you need to know! 

Let me know what you think of this new daily format, my DMs on Twitter and Instagram are open! Today, we're covering the market recap, biggest headlines, and the latest Twitter Spaces.

Here's How The Stock Market Performed Today

The Major Indexes

• Nasdaq 100 $QQQ closed at $14,417 up 0.5%
• Dow Jones $DIA closed today at $35,629 up 0.6%
• S&P 500 $SPY closed at $4,589 up 0.9%

Heat Map of the S&P 500

How The Largest Stocks Performed

Best Performing Large Cap Stocks

Worst Performing Large Cap Stocks

Major Earnings Headlines

Meta (Facebook) Earnings

Meta reported earnings today after the markets close, sending the stock down by more than 20%. 

• EPS of $3.67 missing expectations of $3.84
• Rev of $33.67B beating expectations of $33.83B
• Biggest Headline: Meta will be changing its ticker to $META from $FB … exactly like we said they would

**All the following charts are sited from this link**

Segment results:

This is Meta’s first quarter reporting earnings using these new segments. So, here’s what they actually mean:

Monthly active users across all Meta owned apps:

Revenue by geography:

Forward Guidance: Meta expects revenue next quarter to be between $27-$29B below expectations of $30.4B.

Google Earnings

• EPS of $30.69 (beating expectations of $26.69)
• Rev of $61.2 billion (beating expectations of $59.3 billion)
• Biggest Headline: Google's board has approved a 20:1 stock split

Revenue by segment:

I just want to take a moment to shout out how good of an acquisition Youtube was for Google 

Google is still growing very strong even at this scale!!

Other Earnings Headlines

Qualcomm reported earnings today after the markets close, posting numbers of:

• EPS of $3.23, beating expectations of $3
• Rev of $10.7B, beating expectations $10.44B

AMD reported earnings yesterday after the markets close, posting numbers of:

• EPS of $0.92, beating expectations of $0.76 
• Rev of $4.83B beating expectations of $4.52B

AMD said next quarter it expects revenue to come in between $4.9-$5.1B ahead of expectations of $4.32B.

PayPal reported earnings yesterday after the markets close, posting numbers of:

• EPS of $1.11, missing expectations of $1.12
• Rev of $6.92B beating expectations of $6.89B

Major Headlines

• President Biden has formally approved new US troop deployments to Eastern Europe - CNN
  
• Moody's has upgraded AMC Entertainment’s credit rating to Caa2 From Caa3 revising its outlook to Positive From Negative - Yahoo
  
• Ford sold a total of 143,531 total vehicles in January 2022 in the US along with 13,169 electrified vehicles up 167.2% YoY - Ford
  
• Roku announced today the expansion of its advertising business to Mexico - Yahoo
  
• SpaceX rolled out a new “premium” tier of its Starlink satellite internet service targeted at businesses and enterprise customers which will cost $500 per month along with a $2,500 fee for the antenna and router - CNBC
  
• Sofi announced today it was completed its acquisition of Golden Pacific Bancorp - Yahoo
• Google ($GOOGL) filed for a mixed securities shelf offering, no size was disclosed - SEC
• Pepsi declared a quarterly dividend of $1.075 per share unchanged from their previous dividend
• Amazon reduced its stake in Rivian to 18.1% from ~20% - SEC

Tomorrow's Largest Events: Earnings Expectations

Macro Numbers:

*All the numbers are consensus Wall ST expectations*

Before the Bell:

Eli Lilly and Company: EPS of $2.15 down 21.8% YoY, Rev of $7.89B up 6% YoY

The numbers will be released around 6:25AM EST, with the conference call starting at 9:00AM EST

Honeywell: EPS of $2.08 up 0.5% YoY, Rev of $8.74B down -1.8% YoY

The numbers will be released around 6:30AM EST, with the conference call starting at 8:30AM EST

Penn National: EPS of $0.52 up 614.3% YoY, Rev of $1.51B up 46.6% YoY

The numbers will be released around 7:00AM EST, with the conference call starting at 9:00AM EST

After the Bell:

Amazon: EPS of $3.54 down 74.9% YoY, Rev of $137.63B up 9.6% YoY

The numbers will be released around 4:00PM EST, with the conference call starting at 5:30PM EST

Ford: EPS of $0.41 up 20.6% YoY, Rev of $35.63B up 7.3% YoY

The numbers will be released around 4:05PM EST, with the conference call starting at 5:00PM EST

Unity: EPS of $-0.07 down 30% YoY, Rev of $295.71M up 34.2%

The numbers will be released around 4:05PM EST, with the conference call starting at 5:00PM EST

Snapchat: EPS of $0.10 up 11.1% YoY, Rev of $1.2B up 31.7% YoY

The numbers will be released around 4:10PM EST, with the conference call starting at 5:00PM EST

That's it for today! Thanks for reading Rippers! Stay bullish, and we'll see you all in the next one 🔥