Multiple small us banks tumbled high-single and double digits.
There is a silver lining though -> the market quickly remembered that it was precisely the bank crisis last March that sparked a powerful Fed response (BTFP), and a violent rally, and we got the same thing today as stocks slingshot sharply higher closing 1.1% higher... Source: www.zerohedge.com
BREAKING: Meta stock, $META, soars 13% after beating earnings expectations and announcing a quarterly dividend with a $50 billion stock buyback.
The stock has added $130 billion in market cap in just 15 minutes. For the first time in history, $META now has a market cap of $1.1 trillion. It is officially the 7th largest public company in the world. Source: Barchart, The Kobeissi Letter
Apple reported fiscal first-quarter earnings on Thursday that beat estimates for revenue and earnings, but Apple showed a 13% decline in sales in China, one of its most important markets.
Apple shares fell over 1% in extended trading. Here’s how Apple did $AAPL Apple Q1 FY24 in a nutshell: • Revenue +2% Y/Y to $119.6B ($1.3B beat). Services +11% Y/Y to $23.1B. Products +0% Y/Y to $96.5B. • Operating margin 34% (+3pp Y/Y). • EPS $2.18 ($0.07 beat). • $20.1B in buybacks and $3.8B in dividends. Source: App Economic Insights
Visualizing 150 Years of Exports for Top Economic Superpowers
Source: Visual Capitalist
Steve Jobs said that the most powerful person in the world, is the storyteller.
Here are the 5 principles for telling an amazing story Source: Sachin Ramje
sp500 companies excluding magnificent seven.
Source: Daniel Lacalle
Stop with the corporate jargon.
Source: Corporate rebels
During the election year, the averages tell us that it's going to be sideways to lower for the next 2 months...
Source: Grant Hawkridge
