July 30, 2020
The Moment We’ve All Been Waiting For...
Today was jam packed with news and other happenings; seeing big tech report earnings, the market was quite excited.
The King of Kings, Amazon (NASDAQ: AMZN), beat estimates and reported $88.9 billion in revenue with a net income of $5.2 billion.
This report is coming right after Jeff Bezos took the stand yesterday in his first ever congressional hearing. There, he was able to solidify Amazon’s role in the American economy and help expand his company’s platform as not only an online retailer but a source of cloud solutions; that, or he exposed his company as monopolistic in nature, depending on who you ask.
Amazon shares are currently up more than 5% in after market trading.
Look Daddy, I can Buy a Share of Apple Now!
Perhaps the most bizarre of the earnings today, Apple (NASDAQ: AAPL) not only brought in an EPS of $2.58 vs $2.05 expected EPS, but they also announced a 4 to 1 stock split.
The company is no stranger to increasing shares outstanding; their past includes a number of 2 to 1 splits and even a 7 to 1 split. However, with the advent of fractional shares, our analysts are curious to see if the expected impact here might be a little diluted.
Either way, it’s gonna be a hell of a lot easier to sell some puts on Cook…
And now you can join EVO with our exclusive offer!
Facebook Earnings
The next batter, Facebook (NASDAQ: FB), hit a home run too, reporting revenues of $18.69 billion, far exceeding what analysts were expecting.
According to FactSet, Facebook also reported earnings of more than $1.80 per share, another juicy number passing expectations.
Maybe between this victory and Zuck’s surprising ability to be the only one of the tech CEOs who could actually talk yesterday, we’ll see that advertising boycott washed away. But, probably not.
Facebook is trading up 8% after hours.
One Bad Day...
Google (NASDAQ: GOOGL) is the only of the lot that’s looking a little shaky right now, seeing it’s first revenue decline… ever.
While one bad day is enough to break the record, it may not be enough to send the company over the edge; after all, we still did an earnings expectation beat. With conflicting signals, the stock has moved less than a percent at the time of writing this. Just imagine the premium you’d catch if you would’ve sold a strangle.
Not that the EVO Analysts would ever tell you to do that--we are proud of generally taking on only a moderate amount of risk. Check out our 14 day trial if you want to see for yourself.
How’s that for some online marketing?
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