Rippers Recap 3/4: Here's What Happened in the Stock Market This Past Week
StockMKTNewz Evan
March 05, 2022
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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!
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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 1.2%
S&P 500 was down 1.3%
NASDAQ 100 was down 2.5%— Stock Market News (@StockMKTNewz)
Mar 4, 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 Earnings Headlines
Lucid ($LCID) reported earnings Monday after the markets closed, posting numbers of
EPS of -$0.64, missing expectations of $0.9
Rev of $26.4M, missing expectations of $36.7M
Lucid cut its Fiscal Year 2022 production guide to between 12K and 14K units down from prior estimates of 20K units.
Zoom ($ZM) reported earnings Monday after the markets closed, posting numbers of:
EPS of $1.29, beating expectations $1.05
Rev of $1.07B, beating expectations of $1.05B
$ZM announced a new $1B share buyback program.
AMC ($AMC) reported earnings Tuesday after the markets closed, posting numbers of:
EPS of -$0.11 beating expectations of -$0.26
Rev of $1.17B beating expectations of $1.09B
AMC Theaters’ $AMC annual Revenue since 2013
2013: $2.8B
2014: $2.7B
2015: $2.9B
2016: $3.2B
2017: $5.1B
2018: $5.5B
2019: $5.5B
2020: $1.2B
2021: $2.5B— Bullish Rippers (@BullishRippers)
Mar 1, 2022
SoFi ($SOFI) reported earnings Tuesday after the markets closed, posting numbers of:
EPS of -$0.15 beating expectations -$0.17
Rev of $279.88M beating expectations of $279.3M
Sofi said in 2022 it expects revenue to come in at $1.57B above Wall ST estimates of $1.45B.
Salesforce ($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.
Salesforce's $CRM annual revenue since 2009 (Fiscal Year)
2009: $1.1B
2010: $1.3B
2011: $1.7B
2012: $2.3B
2013: $3.1B
2014: $4.1B
2015: $5.4B
2016: $6.7B
2017: $8.4B
2018: $10.5B
2019: $13.3B
2020: $17.1B
2021: $21.3B
2022: $26.5B— Bullish Rippers (@BullishRippers)
Mar 1, 2022
Snowflake ($SNOW) reported earnings Wednesday after the markets closed, posting numbers of:
EPS of -$0.43 missing expectations of $0.03
Rev of $383.8M beating expectations of $372M
Snowflake announced its intention to acquire Streamlit (via Businesswire).
Costco ($COST) reported earnings Thursday after the markets closed, posting numbers of:
EPS of $2.92 beating expectations of $2.73
Rev of $51.9B beating expectations of $51.37B
Major Headlines
Monday:
Amazon customers can now connect with Teladoc healthcare providers through Echo devices - The Verge
EBay is studying the possibility of adding cryptocurrencies as possible means of payment- The Street
Tuesday:
The Marvel films removed from Netflix including Daredevil, Jessica Jones, Luke Cage, Agents of S.H.I.E.L.D and more will be added to Disney+ on March 16th - Marvel
Nvidia confirmed a hacker leaked employee credentials and some company proprietary information online but the company did add that business activities continue uninterrupted - Reuters
Nancy Pelosi disclosed that she exercised her call options in American Express, Apple, PayPal and Disney in mid January
Wednesday:
Google owned Fitbit is recalling its "Iconic" smartwatch due to the watch’s lithium-ion battery overheating causing 78 reports of burns, Fitbit is refunding owners $299 - The Verge
Apple announced it will be hosting an event titled "Peak Performance" on March 8th starting at 1PM EST Toyota filed multiple patent applications for an Electric Vehicle with a manual transmission - BZForums
Ford confirmed it's creating 2 distinct auto units under Ford's corporate umbrella for its ICE and EV business units. Ford’s EV business will be called Ford Model E while its ICE business will be called Ford Blue. Ford also announced on Wednesday its selling its electric scooter business Spin to Germany based Tier Mobility - The Verge
Netflix announced it made an offer to acquire video game maker Next Games for around $72 Million - CNBC
Thursday:
SoFi announced it completed its acquisition of Technisys
Panasonic plans to construct a new “large scale” battery factory in the US to supply Tesla - Bloomberg
Rivian is backtracking on its previous price hike for existing orders, Now saying that anyone with a Rivian preorder as of March 1st will pay the original agreed price - Electrek
Amazon said it plans to close all 68 of its brick-and-mortar bookstores, pop-ups and shops in the US and UK - Reuters
Friday:
Sony and Honda signed a memorandum of understanding to jointly develop electric vehicles, with the first car becoming available commercially in 2025 - Nikkei Asia
Disney confirmed it will introduce an new cheaper ad-supported tier of Disney+ in late 2022 with plans to expand internationally in 2023 - Axios
Microsoft announced it completed its acquisition of Nuance
Apple is reportedly exploring a plan to buy all the NFL's available rights in a single multibillion-dollar deal - Front Office Sports
Tesla received conditional approval for its German Gigafactory to start commercial production - CNBC
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