A tough technical picture for Microsoft $MSFT. This is the first 200-Day SMA test since March 2023.
Source: Trendspider
Microsoft shares fell 7% in extended trading on Tuesday as investors looked past better-than-expected earnings and revenue and focused instead on disappointing cloud results.
Here’s how the company did, compared with the LSEG consensus: -> Earnings per share: $2.95 vs. $2.93 expected -> Revenue: $64.73 billion vs. $64.39 billion expected Microsoft’s revenue increased 15% year over year in the fiscal fourth quarter, which ended on June 30, according to a statement. Net income, at $22.04 billion, was up from $20.08 billion, or $2.69 per share, in the year-ago quarter. The company’s top segment, Intelligent Cloud, generated $28.52 billion in revenue. It includes the Azure public cloud, Windows Server, Nuance and GitHub. The total was up about 19% and below the $28.68 billion consensus among analysts surveyed by StreetAccount. GitHub’s revenue is now at an annual run rate exceeding $2 billion, Microsoft CEO Satya Nadella said on a conference call with analysts. Revenue from Azure and other cloud services grew 29% during the quarter. Analysts polled by CNBC and StreetAccount had expected 31% growth. Microsoft’s Azure number hadn’t fallen short of consensus since 2022. Microsoft doesn’t disclose revenue from the category in dollars. In a nutshell: $MSFT Microsoft Q4 FY24 (ending in June): ☁️ Azure +30% Y/Y fx neutral (vs. 31% in Q3). • Revenue +15% Y/Y to $64.7B ($0.3B beat). • Gross margin 70% (-1pp Y/Y) • Operating margin 43% (flat Y/Y). • EPS $2.95 ($0.02 beat). Source: CNBC, App Economy Insights
Total US Federal debt has officially hit $35 trillion for the first time in history.
Since 2020, the US has now added ~$12 TRILLION in Federal debt. In other words, the US has added an average of ~$280 BILLION of Federal debt EVERY MONTH since January 2020. This means that the US now has ~$105,000 in Federal debt for every person living in the country. All while deficit spending as a percentage of GDP is currently at World War 2 levels. Source: The Kobeissi Letter
German inflation unexpectedly accelerated in July to 2.3% YoY from 2.2% in June as food price inflation keeps rising, core inflation, and services inflation remain sticky at 2.9% and 3.9%.
Source: HolgerZ, Bloomberg
BREAKING: Nvidia, $NVDA, has now erased $1 TRILLION of market cap since its all time high set on June 20th.
In other words, $NVDA has erased $200 billion of market cap PER WEEK over the last 5 weeks. The stock is now down ~27% from its recent all time high. In just 5 weeks, Nvidia has erased as much market cap as 1.5 TIMES the entire value of Tesla, $TSLA. This also equals roughly the same value as the market cap of Berkshire Hathaway. Source: The Kobeissi Letter
Maintaining eye contact during a job interview (or in many circumstances) is a must
Source: FoxNews, Buddy Rathmell
One of Warren Buffett most famous quote:
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Chinese EVs Seize Record 11% Share in Europe Ahead of Tariffs - Bloomberg
Chinese brands captured 11% of the European electric-car market in June, notching record registrations as manufacturers raced to beat stiff European Union tariffs that took effect early this month.
