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Markets are settling into holiday mode, with stock futures slightly down on the last full trading day before Christmas. Here’s where things stand today: * Nasdaq-100: +0.37% * S&P 500: +0.04% (flat) * Dow Jones: -0.22% On Friday, the S&P 500 rose 1.1%, recovering
Quantum computing stocks are taking off in 2024. Is this the start of something big? Let’s take a closer look Google’s Chip Changes the Game Google’s new Willow chip, a 105-qubit processor, hit a big milestone: * Fixed Errors: It solved a 30-year problem by cutting down error
Government surveys that track the economy are failing. Budgets are shrinking, people are skipping surveys, and economic data we rely on is becoming less trustworthy. This is a big deal—because when the numbers are wrong, decisions that affect markets, businesses, and everyday life go wrong, too. Here’s what’
The S&P 500 Value Index just dropped 3.7%, marking its longest losing streak on record. Meanwhile, Bitcoin smashed past the $100,000 mark, and the Nasdaq climbed to 20,000. To me, it seems that value stocks have been left in the dust, and investors chasing bigger
Almost $10 billion has poured into Bitcoin ETFs since the US election, pushing Bitcoin past the $100,000 mark for the first time. The momentum is crazy, with Bitcoin posting its best winning streak since 2021. With investors pouring in, knowing the risks are more important than ever. Bitcoin’s
The tech titans have spoken! Apple and Amazon just dropped their earnings reports last night, and, spoiler alert, there’s a lot more at stake than you might think.
Amazon’s stock took a hit, dropping about 7% after hours following their report. They missed revenue estimates but surprised us with a 23% beat on EPS. So, it’s not all bad news, but there’s definitely some unpacking to do.
Amazon’s biggest highlight was their explosive cloud growth, where Amazon Web Services (AWS) posted a 19% increase in revenue. One key reason for this, in my view, is their new CEO Matt Garman.
Matt Garman has a long history in product management, both at Amazon and elsewhere, making him the perfect fit to lead AWS, especially as they adopt artificial intelligence onto their platform.
Amazon’s earnings tell the story of a company pushing hard to stay on top. With AWS’s 19% revenue growth under Matt Garman’s leadership, they’re showing they can still innovate in a fierce, competitive market. But with the stock taking a hit, investors seem more concerned with Amazon’s retail business and consumer spending habits.
Apple, on the other hand, reported quarterly revenue of $85.78 billion, beating the $84 billion expected. Their EPS came in at $1.40 versus the $1.35 estimate—solid beats, though not by a huge margin.
What really stood out in Apple’s report was their services revenue, which hit $24 billion for the quarter, in line with estimates. Apple expects this high-margin, sticky revenue stream to continue growing at around 14%, consistent with the last three quarters.
While iPhone sales beat estimates, Apple is inherently cyclical and dependent on hardware sales. Luckily they’re banking on their new feature, Apple Intelligence, to drive future revenue. Apple’s already teamed up with heavyweights like Google’s Gemini and OpenAI’s ChatGPT to enhance their products.
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46% of revenue in Apple's latest Q2 earnings was from iPhone sales.
During the earnings call, CEO Tim Cook pointed out that nearly half of iPad buyers and two-thirds of Apple Watch buyers are new to the Apple ecosystem—proof that the hardware market isn’t saturated. As Cook put it, “I don’t know how every chapter of the book reads, but we’re very confident in the long term,” and it’s hard to disagree.