🔻 Facebook: companies spending less on ads; stock down 20-25% 👇 ➡️ Apple: people still buying iPhones, Mac sales up; no guidance, stock flat 🤷 🔻 Amazon: people spending somewhat less on goods; weak guidance, stock down 10-15%👇 ⬆️ Netflix: subscriber count went up; stock +30% 👆 since earnings 🔻 Google: companies spending less on ads; stock -10%👇 🔻 Microsoft: people / companies spending less on Windows & gaming, OK on cloud; weak guidance, stock -10%👇 TC 275K
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It seems consumers are overall spending, but companies are becoming cautious due to possible future market conditions. Spending less on ads is a sign of that
Title should be “FAANG and Microsoft “ as your detail page talk about msft which is def not faang By the way great work and really liked your summary at one place.🎉🙏🎊🍾
I have to admit I was a bit biased 😉
Microsoft has the second highest market cap in the US after Apple now. The FAANG should be updated. F&N are not that high anymore!
GCP actually did quite well or else Google would have tanked more.
Good point, ads growth was actually flat or negative, only cloud revenue went up and I think that saved Google stock somewhat compared to Meta.
Google ads wasn't as bad as Meta also.
Apple being apple. So sneaky
No guidance is the way to go
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