Rippers Weekly Recap 5/07: Jerome Powell, Crazy Markets, Earnings and Much More
StockMKTNewz Evan
May 07, 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!
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
S&P 500 $SPY was down 0.2%
Dow Jones $DJIA was down 0.2%
NASDAQ 100 $QQQ was down 1.5%— Stock Market News (@StockMKTNewz)
May 6, 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
AMD reported earnings on Tuesday after the market closed posting numbers of:
- EPS of $1.09 beating expectations of $0.90
- Rev of $5.89B beating expectations of $5.52B
History of AMD’s Q1 Revenue $AMD
2009: $1.2B
2010: $1.6B
2011: $1.6B
2012: $1.6B
2013: $1.1B
2014: $1.4B
2015: $1B
2016: $832M
2017: $1.2B
2018: $1.6B
2019: $1.3B
2020: $1.8B
2021: $3.4B
2022: $5.9B— Bullish Rippers (@BullishRippers)
May 3, 2022
AMD said next quarter it expects revenue between $6.3B-$6.7B compared to estimates of $6.38B
Airbnb reported earnings on Tuesday after the market closed posting numbers of:
- EPS of -$0.03)beating expectations of -$0.28
- Rev of $1.51B beating expectations $1.45B
Airbnb said next quarter it expects revenue to be between $2.03B-$2.13B above estimates of $1.97B
Shopify reported earnings on Tuesday before the market opened posting numbers of:
- EPS of $0.20 missing expectations of $1.00
- Rev of $1.20B missing expectations of $1.25B
Shopify announced it has reached a deal to acquire Deliverr "a fulfillment technology provider" for ~$2.1B in cash
Block (Square) reported earnings on Thursday after the market closed posting numbers of:
- EPS of $0.18 in line with expectations
- Rev of $3.96B missing expectations of $4.23B
Draftkings reported earnings on Friday before the market opened posting numbers of:
- EPS of -$0.80 beating expectations of -$0.82
- Rev of $473.3M beating expectations of $442.5M
Draftkings ended the quarter with ~2 Million monthly unique players up 29% YoY
Starbucks reported earnings on Tuesday before the market opened posting numbers of:
- EPS of $0.59 missing expectations of $0.60
- Rev of $7.64B beating expectations of $7.61B
Moderna reported earnings on Wednesday before the market opened posting numbers of:
- EPS of $8.58 beating expectations of $5.18
- Rev of $6.07B beating expectations of $4.43B
Lucid reported earnings on Thursday after the market closed posting numbers of:
- EPS of -$0.05 beating expectations of $0.30
- Rev of $57.7M beating expectations of $53.4M
Lucid delivered a total of 360 vehicles in Q1 to customers
Non-Earnings Headlines From This Week
Monday:
Tuesday:
- Pepsi declared its 50th consecutive annual dividend increase with a quarterly dividend of $1.15 per share up from its previous dividend of $1.08 per share - Yahoo
- Apple has hired 31 year Ford veteran Desi Ujkashevic to help ramp its Apple Car project - Tech Crunch
- Tiger Global was down 15% in April bringing its loss for the year up to down 44% - Bloomberg
Wednesday:
- FOMC results and Press Conference:
- The FOMC has decided to raise rates by 50BPs to between 0.75-1%
- Jerome Powell said there's nothing in the economy that implies we're on the verge of a recession
- Robinhood announced its introducing Stock Lending letting users lend out any fully paid stocks in their portfolio and get paid when there’s a match - Blog
- Costco reported net sales of $17.33B for April up 13.9% YoY - Newswire
- Palantir announced the Department of Health and Human Services selected Palantir for a 5-year $90M contract - Businesswire
- Tesla has reportedly picked a location to build its 2nd production line in Shanghai that would add an additional 450,000 units of annual capacity - SCMP
- Ford delivered a total of 176,965 vehicles in the US during April down 10.5% YoY, with 16,779 of those being EVs up 50.2% YoY - Ford
- Nancy Pelosi filed showing she owns 2,419 shares of Warner Bros Discovery, which she received when it was spun out of AT&T - CongressTrading
Thursday:
- Elon Musk is changing the financing for his Twitter bid reducing the size of the margin loan he's taking on to $6.25B from $12.5B - Edgar
- The $6.25B will now be coming from various equity investors
- Peloton is reportedly pursuing potential investors that could take a 15%-20% stake in the company - WSJ
- New York regulators approved a second batch of applications for recreational marijuana cultivators as the state prepares for the launch of retail sales “later this year” - Marijuana Moment
- Google confirmed it has agreed to the acquire Raxium, "an innovator in single panel MicroLED display technologies” - Blog
- Elon Musk is expected to serve as temporary CEO of Twitter for a few months after the deal closes - CNBC
- Microsoft teamed up with Volkswagen to make HoloLens work in cars - The Verge
Friday:
Get Prepared For Next Week
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!