With deepSeek and tariffs, we almost forgot that we are in the middle of the earnings season.
FactSet notes that beats are being rewarded above average and misses are being punished around average.
BREAKING: Alphabet stock, $GOOGL, falls over -7% after reporting Q4 2024 earnings.
Source: The Kobeissi Letter
This is the most important datapoint in earnings season so far.
Alphabet to invest $75 billion in CapEx during 2025 - this will ease chip industry fears. Large cap tech is maintaining record investment in AI infrastructure, even after DeepSeek’s disruption. Source: The Kobeissi Letter
Ferrari $RACE Q4 2024 results
"Quality of revenues over volumes: I believe this best explains our outstanding financial results in 2024" – Benedetto Vigna, CEO. Shipments +2% *EMEA +4% *Americas +8% *Greater China -21% *APAC +5% Revenue +14% EBIT +26% *marg 27% (24.4) EPS +32% Source: Quartr
All eyes on the Nasdaq 100.
Over 25% of stocks in the index report earnings this week... Source: Trend Spider
The fourth quarter earnings season is longer than the others because companies need to complete their year-end numbers and get signed off on by the auditors.
Therefore, only half of those S&P 500 $SPY companies expected to report in February have scheduled earnings yet, so look for those right bars to get bigger. That said, we have a pretty good look at the next few weeks. This week will still be mostly about the Financials $XLF, but we’ll begin to get Industrials $XLI reporting too. source : earningswhisper
Earnings do matter
Source: Investment Strategy Group, Bloomberg, S&P Global
JPMorgan $JPM reported earnings
EPS of $4.84 beating expectations of $4.11 Revenue of $43.7B beating expectations of $41.7B Jamie Dimon added … “two significant risks remain. Ongoing and future spending requirements will likely be inflationary, and therefore, inflation may persist for some time. Additionally, geopolitical conditions remain the most dangerous and complicated since World War II” Source: App Economy Insights
