Rippers Recap 3/11: Apple Drops a Slew of New Products, Amazon's Stock Split, Plus More Major News
StockMKTNewz Evan
March 12, 2022
Hey Rippers fam!
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, the latest earnings reports, biggest headlines, and more!
Here's How The Stock Market Performed This Past Week
The Major Indexes
Here's how the major indexes performed this past week
Dow Jones was down 2%
S&P 500 was down 2.9%
NASDAQ 100 was down 3.5%— Stock Market News (@StockMKTNewz)
Mar 11, 2022
Heat Map of the S&P 500
How The Largest Stocks Performed
Best Performing Large Cap Stocks
Worst Performing Large Cap Stocks
**All images are via Finviz.com**
Major Headlines
Apple Event: Apple had its first release event of the year, introducing a slew of new products ⬇️
A new $429 iPhone SE
A new $599 iPad Air
A new Mac Studio computer for $1,999 with the M1 Max chip and $3,999 with the M1 Ultra Chip
Apple had some other cool announcements, including:
Showing off its new M1 Ultra Chip...
... and announcing a new partnership with the MLB
Apple $AAPL announced today a partnership with the MLB for Friday Night Baseball to be coming exclusively to to AppleTV+
— Stock Market News (@StockMKTNewz)
Mar 8, 2022
Amazon Stock Split: Amazon announced a 20:1 stock split and a $10B share buyback program. Amazon's split has a record date of May 27 and begins trading split-adjusted as of June 6.
CPI for February came in at 7.9% (YoY) in line with expectations.
CPI by category:
Major Earnings Headlines
DocuSign reported earnings Thursday after the markets closed, posting numbers of:
- EPS of $0.48, in line with expectations
- Rev of $580.83M, beating expectations of $561.55M
DocuSign also announced a new $200M share buyback program.
Oracle reported earnings Thursday after the markets closed, posting numbers of:
- EPS of $1.29, beating expectations $1.05
- Rev of $10.51B, in line with expectations
CrowdStrike reported earnings Wednesday after the markets closed, posting numbers of:
- EPS of $0.30, beating expectations of $0.20
- Rev of $431.01M, beating expectations of $412.38M
Rivian reported earnings Thursday after the markets closed, posting numbers of:
- EPS of -$2.43, missing expectations of -$1.97
- Rev of $54M, missing expectations of $60.72M
Rivian has now produced 2,425 cars as of Tuesday, with 909 of those vehicles being produced in 2021.
Salesforce ($CRM) reported earnings Tuesday after the markets closed, posting numbers of:
- EPS of $0.84 beating expectations of $0.75
- Rev of $7.33B beating expectations of $7.24B
Salesforce raised its revenue guide for the upcoming year to between $32-$32.1B up from its previous guide of between $31.65-$31.8B and above consensus estimates of $31.78B.
Ulta reported earnings Thursday after the markets closed, posting numbers of:
- EPS of $5.41, beating expectations of $4.56
- Rev of $2.73B, beating expectations of $2.69B
Ulta also announced a new $2B share buyback program.
Other Major Headlines This Week
Monday:
- Amazon announced it has agreed to acquire Veeqo - CNBC
- Google said it plans to invest $700M to purchase and upgrade its office in Warsaw Poland - Google Blog
- Ryan Cohen co-founder of Chewy and chairman of GameStop now owns a 9.8% stake in Bed Bath & Beyond through his investment firm RC Ventures - WSJ
- Intel announced that MobileEye has submitted an S-1 draft registration to the SEC indication its intentions to go public through an IPO - RobotReport
Tuesday:
- Lululemon revealed its first ever footwear collection "made for woman first" - BusinessWire
- Google agreed to acquire Cybersecurity firm Mandiant for $5.3 Billion or $23 per $MNDT share in cash - Google
- Tesla sold a total of 56,515 China made Tesla’s during February, 33.3K were exported outside of China while the remaining 23.2K was sold within China - CNEVPost
- Amazon is negotiating a deal to turn Playstation's game franchise "God of War" into a live-action TV series on Amazon Prime Video - Deadline
Wednesday:
- Tesla raised prices on the long-range versions of the Model 3 and Model by $1,000 - Electrek
- Peloton announced a new Apple Watch integration for its Bike, Bike Plus, and Tread - The Verge
- The SEC is set to vote on a rule that would require companies to report major cybersecurity incidents within four days - WSJ
Thursday:
- Rihanna’s lingerie brand Savage X Fenty is reportedly considering going public through an IPO at a valuation of $3 billion or more - New York Post
- The IRS said it plans to hire 10,000 new employees by the end of 2023 - WAPO
- TikTok is reportedly nearing a deal for Oracle to store its US user data - The Verge
Friday:
- Pfizer announced it completed of its acquisition of Arena Pharmaceuticals - Pfizer
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Next Week
Earnings Calendar:
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