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- Rippers Weekly Recap 7/29
Rippers Weekly Recap 7/29
StockMKTNewz Evan
July 29, 2023
Hey everyone, it’s @StockMKTNewz Evan!
I spend 70 hours every week looking for news so you don't have to. That causes me to tweet a lot which can be hard to keep up with. Having somewhere to put all the major stories in 1 easy to view place is really valuable, and that's why I make this newsletter!
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How The Stock Market Performed This Past Week
All images in this section are sourced from finviz.com
Heat Map of the S&P 500
How The Largest Stocks Performed
Best Performing Large Cap Stocks
Worst Performing Large Cap Stocks
💡SaberTrade Ideas: Profiting on Agricultural Volatility
DISCLAIMER: Not Financial Advice
Traders seem to forget the agricultural markets quite frequently. I’m not completely sure why this is the case but it most certainly is. They’re missing out on huge opportunities! Especially in a world rocked by geopolitical upheaval in areas critical to the global food supply.
The ongoing war in Ukraine has had a major impact on global ag prices and volatility. This causes myriad problems for a lot of the companies involved in this space, but there are some businesses that thrive in this kind of chaos. Bunge (BG) generates a lot of its profits from trading agricultural products - so like most trading firms, the elevated volatility is boosting its bottom line. The stock has had a great July and it’s still trading below the P/E ratios of many of its peers. The uncertainty in commodity prices is unlikely to change anytime soon - and Bunge is well positioned to continue to take advantage of this.
This Week's Major Headlines
🚨BREAKING: Jerome Powell and the Fed just RAISED rates by 25 basis points (0.25%) to between 5.25%-5.5%
— Evan (@StockMKTNewz)
Jul 26, 2023
JEROME POWELL: STAFF NO LONGER FORECASTING RECESSION
— Evan (@StockMKTNewz)
Jul 26, 2023
So far we've had 251 S&P 500 $SPY stocks report their Q2 earnings
- 81% beat EPS expectations
- 64% beat Revenue expectations— Evan (@StockMKTNewz)
Jul 28, 2023
JUST IN:
US 🇺🇸 GDP for Q2 (Advanced reading) came in at +2.4% above expectations of +1.8%
— Evan (@StockMKTNewz)
Jul 27, 2023
JEROME POWELL AND THE FED'S PREFERRED INFLATION INDEX JUST RELEASED
PCE for June came in at +3% YoY in line with expectations (+0.2% in line with expectations)
— Evan (@StockMKTNewz)
Jul 28, 2023
GOOGLE $GOOGL JUST REPORTED EARNINGS
EPS of $1.44 beating expectations of $1.32
Revenue of $74.6B beating expectations of $72.8B— Evan (@StockMKTNewz)
Jul 25, 2023
Google $GOOGL acquired YouTube for $1.65 Billion back in October 2006
In just Q2 2023 YouTube brought in $7.67 Billion of revenue from ads🤯
— Evan (@StockMKTNewz)
Jul 25, 2023
MICROSOFT $MSFT JUST REPORTED EARNINGS
EPS of $2.69 beating expectations of $2.54
Revenue of $56.2B beating expectations of $55.4B— Evan (@StockMKTNewz)
Jul 25, 2023
FACEBOOK $META JUST REPORTED EARNINGS
EPS of $2.98 beating expectations of $2.89
Revenue of $32B beating expectations of $31B— Evan (@StockMKTNewz)
Jul 26, 2023
Facebook $META CEO Mark Zuckerberg just said the annual revenue run rate for Reels across all of its apps now exceeds $10 Billion up from $3B last fall
— Evan (@StockMKTNewz)
Jul 26, 2023
3.88 Billion people use either Facebook, Instagram or WhatsApp on a monthly basis
That means about 48.5% of the world's population uses a $META product each month
— Evan (@StockMKTNewz)
Jul 26, 2023
EXXON MOBIL $XOM JUST REPORTED EARNINGS
EPS of $1.94 missing expectations of $2.02
Revenue of $82.9B beating expectations of $80.2B— Evan (@StockMKTNewz)
Jul 28, 2023
FORD $F JUST REPORTED EARNINGS
EPS of $0.72 beating expectations of $0.54
Revenue of $45B beating expectations of $41.3B— Evan (@StockMKTNewz)
Jul 27, 2023
MCDONALD'S $MCD JUST REPORTED EARNINGS
EPS of $3.15 beating expectations of $2.79
Revenue of $6.5B beating expectations of $6.29B— Evan (@StockMKTNewz)
Jul 27, 2023
COCA-COLA $KO JUST REPORTED EARNINGS
EPS of $0.78 beating expectations of $0.72
Revenue of $12B beating expectations of $11.8B— Evan (@StockMKTNewz)
Jul 26, 2023
JUST IN:
Volkswagen $VWAGY announced plans to invest $700 Million into XPeng $XPEV along with jointly developing electric vehicles for the Chinese market
VW will eventually hold a 4.99% stake in the Chinese company and is getting an observer board seat - Bloomberg
— Evan (@StockMKTNewz)
Jul 26, 2023
Microsoft's $MSFT OpenAI powered Bing chatbot is now available in Google Chrome $GOOGL and Safari $AAPL - The Verge
— Evan (@StockMKTNewz)
Jul 24, 2023
TESLA EXECUTIVES TO MEET INDIA COMMERCE MINISTER THIS MONTH TO DISCUSS PLANS FOR FACTORY TO BUILD NEW $24,000 CAR
TESLA $TSLA TO HOLD TALKS WITH INDIA MINISTER ON SETTING UP SUPPLY CHAIN, OBTAINING FACTORY LAND - Reuters
— Evan (@StockMKTNewz)
Jul 24, 2023
JUST IN:
Amazon $AMZN and iRobot $IRBT announced they have agreed to amend the existing terms of their merger agreement
Under the new terms, Amazon will pay $51.75 per share revised down from $61.00 per share
— Evan (@StockMKTNewz)
Jul 25, 2023
Microsoft $MSFT and PayPal $PYPL just announced
"Microsoft's integration of PayPal's Pay Later solution in the U.S., U.K., Australia, Germany, France, Spain, and Italy. In addition, customers in the U.S. will soon have the option to pay with Venmo in the Microsoft Store"
— Evan (@StockMKTNewz)
Jul 26, 2023
Google $GOOGL just announced a new AI model (Robotics Transformer 2, or RT-2) that can help it train robots to understand tasks like throwing out trash - CNBC
— Evan (@StockMKTNewz)
Jul 28, 2023
$SONY has now sold more than 40 Million PlayStation 5s since its launch in November 2020
— Evan (@StockMKTNewz)
Jul 27, 2023
Get Prepared For The Week Ahead!
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