Post 10/28 Earnings Announcements $XOM, $CVX, $PSX, $AON, $CL $XOM - Exxon Mobile Reported EPS of $2.96/share - beat estimates of $2.20/share Earnings of $6.8B vs.($296M) in Q3 FY20' Revenue of $44.7B vs $45.4B down (1.54%) YoY Operating CF of $12.1B FCF was a record-setting $6.7B Returned $3.7B to shareholders in dividends Reduced debt by $4B - bringing...
$GOOGL, $TSLA, & $AMD all reached ATHs in 1 Week $GOOGL - Alphabet Reported Q3 FY21' earnings yesterday & hit an ATH of $2,925.08/share on 10/27/21 Alphabet is up 66.85% YTD Returns since IPO in Aug 2004 - 1,670% Decades of dominance by $GOOGL - along with their record-breaking recent Q3 FY21' earnings & updated Q4 FY21' estimates... I continue to have a long...
$MMM, $AMP, $GOOGL, $GE, $AMD, $COF, $HAS, $V, $TWTR, $UPS, $RTX, $NVS $MMM - 3M - reported EPS of $2,45/share - beat estimates of $2.21/share - revenue of $8.94B +7.09% YoY Organic local-currency sales up 6.3% YoY Operating CF of $1.9B Adjusted FCF of $1.5B (20%) YoY Returned $1.4B to shareholders in dividends Industrial FCF tops estimates Narrows FY21 EPS...
Natural Gas surges +12% - lifting producers' shares to YTD highs Range Resources $RRC & other natural gas producers ripped to 52-week highs today as U.S. front-month natural gas soared to its largest one-day gain since Sept a year ago - closing at +12% to $5.898/MMBtu Today's settlement is the 2nd highest this year after the front-month contract hit $6.312 on...
On Friday 10/25/21 the $SPX - S&P 500 closed at $4,566.48 up +21.58% for a new ATH - up from FY20' high of $4,756.07 an increase of (32.7%) YoY This was boosted by strong earnings, progress on U.S.-China trade, & $TSLA reaching a new ATH price/share and record breaking market cap of +$1.0T - $SPX contributes to 113.6% daily returns YTD - 7th highest weighting in...
$SPX - S&P 500 Outlook by EOY 21' 52 Wk Range - $3,233.94 (Low) vs. $4,551.44 (High) After 7th straight day of gains - due to better than-expected earnings announcements & a new ATH of $4,551.44 on 10/21/21 - I believe the S&P 500 has the potential to reach $5,000 or higher by Jan FY22'
11 years after being initially listed on a public exchange #Tesla surpassed the $1T mark on midday Monday 10/25/21 when shares hit $998.22 Shares closed up 12.66% at $1,024.86/share - another milestone as this was the first time the companys share price has reached the $1,000 mark
$FB, $KMB, $BRO, $LOGI, $LII $FB - Facebook - reported earnings of $3.22/share beating estimates of $3.19/share - revenue of $29.01B vs. $29.57B estimates up 35% (YoY), net income rose to $9.2B up 17% YoY Reported daily active users of 1.93B Company said it’s adding $50B to its stock buyback program - helping lift the shares ~2% in extended trading Expects Q4...
$AXP, $SAM, $HCA, $RF, $HON, $SLB All major averages finished last week in the green to post a third straight week of gains - Dow closing at an ATH - Big name earnings reports continue to drive markets $AXP - American Express - reported Q3 FY21' earnings of $2.27/share - beat estimates by 27.5%, bottom line increased 74.6% YoY - driven by growing revenues &...
$AAL, $LUV, $BCS, $BX, $CMG, $INTC, $SAP, $SNAP, $T, $VLO $AAL - American Airlines - posted better-than-expected revenue numbers, although down (25%) from Q3 of 2019 - shares were up +1.3% at the ended of the day, with this being their smallest quarterly loss since the pandemic $BX - Blackstone - earnings nearly doubled YoY - reported an ATH of distributable...
$TSLA, $VZ, $IBM, $NDAQ $TSLA closed up ~+1.5% after reporting revenue that fell short of estimates - profit beat Q3 projections, despite a semiconductor shortage and supply-chain challenges that have troubled automakers $VZ gained +2.4% yesterday following better-than-expected earnings numbers and a lower-than-expected customer churn rate, showing continuous...
$NFLX - Netflix neared a record all-time high after market close - as the largest streaming service brought in more subscribers than analysts projected in Q3. Profit also beat forecasts, while Revenue was in line with estimates. EPS of $3.19 Sales +16.3% to $7.48 billion - anticipates another +16% gain in revenue Q4 Profit of $1.4B Revenue of $7.5B Netflix...
$COIN - Coinbase Trailing 3 Mths After todays announcement of Coinbase becoming the official crypto platform of the NBA, WNBA, NBA 2K League, & USA Basketball, the 1st Bitcoin Futures ETF launching yesterday from ProShares Trust, along with the recent up-trend in major Cryptocurrencies, I have a bullish outlook on $COIN for a long-term strategy.
Tech Sector Giants Returns - FY21' - YTD FB +29.9% MSFT +43.86% AMZN +7.21% GOOGL +86.58% IMB +13.09% AAPL +28.32% With upcoming earnings season, Apple's latest announcement earlier this week, and the holiday season approaching, I continue to have a bullish outlook on the Tech sector overall as FY21' continues.
Summary of Cryptocurrency Performance YTD (As of 10/19/21) -BTC, ETH, DOGE, Crypto Total Market Cap Notes: Crypto Total Market Cap surpassed ~$2.5T on 10/17/21 BTC all-time high of $64,836 in April FY21' - within 5% of reaching another record-high ETH all-time high of $4,362 in May FY21' - within 15% of reaching another record-high DOGE all-time high of...