Rippers Weekly Recap 5/14: Disney Earnings, Inflation Data and Much More
StockMKTNewz Evan
May 14, 2022
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!
Today, we're doing a quick recap of the best and worst of the markets, the biggest headlines, and the latest earnings of the week!
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How The Stock Market Performed This Week
The Major Indexes
Here's how the major indexes performed this past week
Dow Jones $DJIA was down 2.1%
S&P 500 $SPY was down 2.4%
NASDAQ 100 $QQQ was down 2.8%— Stock Market News (@StockMKTNewz)
May 14, 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**
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Major Earnings This Week
Disney reported earnings on Wednesday after the market closed, posting numbers of:
- EPS of $1.08, missing expectations of $1.20
- Rev of $19.25B, beating expectations of $18.91B
- Total Disney+ subscribers of 137.7M up 33% YoY, beating expectations of 135M
Number of global Disney+ $DIS subscribers
December 2019: 26.5M
April 2020: 50M
May 2020: 54.5M
June 2020: 57.5M
August 2020: 60.5M
October 2020: 73.7M
January 2021: 94.9M
April 2021: 103.6M
July 2021: 116M
October 2021: 118.1M
January 2022: 129.8M
April 2022: 137.7M— Bullish Rippers (@BullishRippers)
May 11, 2022
Some interesting headlines from the conference call:
- The Toy Story franchise still generates over $1 billion in annual retail sales
- The NBA Playoffs have averaged more than 4.3 million viewers per game through the first 20 games on ESPN and ABC
Rivian reported earnings on Wednesday after the market closed, posting numbers of:
- EPS of -$1.43, beating expectations of -$1.50
- Rev of $95M, missing expectations of $130.5M
Rivian said it produced 2,553 cars in Q1 bringing the total vehicles produced in Rivian's history up to 5,000 EVs.
Roblox reported earnings on Tuesday after the market closed, posting numbers of:
- EPS of -$0.27, missing expectations of -$0.21
- Rev of $537.1M, missing expectations of $641.8M
Roblox reported April sales between $189-$192 million, up between 30-32% YoY. They also reported daily active users in April of 53.1 million, up 23% YoY.
Palantir reported earnings on Monday before the market opened, posting numbers of:
- EPS of $0.02, missing expectations of $0.04
- Rev of $446.4M, beating expectations of $443.4M
Palantir’s revenue from governments totaled $241 million in Q1, up 16% YoY. Meanwhile, its commercial revenue came in at $205 million, up 54% YoY.
Coinbase reported earnings on Tuesday after the market closed, posting numbers of:
- EPS of -$1.98, missing expectations of $0.35
- Rev of $1.17B, missing expectations of $1.47B
Coinbase reported monthly transacting users of 9.2 million for Q1, below estimates of 9.5 million.
SoFi was supposed to report earnings after the markets close on Tuesday. However, they followed in Affirm’s footsteps by accidentally leaking their earnings during market hours, posting numbers of:
- EPS of -$0.14, in line with expectations
- Rev of $330.3M, beating expectations of $286.4M
Looks like SoFi’s earnings were just put out 👀 $SOFI
— Stock Market News (@StockMKTNewz)
May 10, 2022
Non-Earnings Headlines From This Week
Monday:
- Uber CEO Dara Khosrowshahi said the company will slow down hiring and pull back on some marketing. - CNBC
Tuesday:
- FIFA and Electronic Arts announced they’ve ended their multi-decade partnership, meaning the next FIFA will now be called EA Sports FC. - Wired
- Robinhood announced all users will now be able to earn 1% APY on cash sitting uninvested in their accounts. - Tech Crunch
- Tom Brady has reportedly agreed to join Fox Sports as its lead NFL analyst when he retires from the NFL. - NY Post
- Nintendo announced a 10 for one stock split, which will go into effect on October 1. - CNBC
- Elon Musk said he currently thinks the best case scenario for his acquisition of Twitter is that it closes in about 2-3 months. - FT Summit
- Netflix is now aiming to introduce the ad-supported tier at some point in the last 3 months of this year, with a crackdown on password sharing starting in the same window. - The Verge
Wednesday:
- CPI for April came in at 8.3% (YoY), above expectations of 8.1%.
- CPI for April came in at 0.6% (MoM), above expectations of 0.4%.
- MoM change in CPI from April 2021 through April 2022. - BLS
- Facebook is reportedly preparing to cut back spending in its metaverse-focused Reality Labs division. - Reuters
- Saudi Aramco now has a larger market cap than Apple. - CompaniesMarketCap
- Shopify CEO Tobi Lutke said he placed an order to buy $10M of Shopify stock. - Tobi Lutke via Twitter
- Airbnb announced a new design change to its app, adding new features such as categories. - Airbnb CEO via Twitter
Thursday:
- Jerome Powell secured enough votes in the Senate for his confirmation as FED Chairman. - WSJ
- Instacart filed a S-1 with the SEC, indicating its intentions to go public through an IPO. - Instacart
- FTX CEO Sam Bankman-Fried bought 56.3M shares of Robinhood, now owning 7.6% of the company. - MarketWatch
- Microsoft owned Bethesda announced today it's delaying the release of two upcoming games, Redfall and Starfield, until the first half of next year. - Bethesda via Twitter
- PPI for April came in at 11% YoY, above expectations of 10.7%. - BLS
Friday:
- Elon‘s deal to acquire Twitter is now “on hold” pending details that spam/bot accounts make up less than 5% of Twitter’s users. - Elon Musk via Twitter
- Warren Buffett’s Berkshire Hathaway filed for its purchase of an additional 901.K shares of Occidental stock this week. - MarketWatch
- Apple is reportedly testing iPhones that use USB-C instead of Lightning. - The Verge
- Ford sold an additional 7 million shares of Rivian at an average price of $26.88 per share, bringing its total for the week up to 15 million shares sold. Ford now holds 86.9 million shares of Rivian. - Reuters
Get Prepared For Next Week
Economic Calendar
Earnings Calendar
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That's it for today — thanks for reading Rippers! Stay bullish, and we'll see you all in the next one 🔥 In the meantime, check out our weekly Twitter Spaces and give us a follow on Twitter!