Syz the moment

Companies are beating, EPS growth is more than double so far vs expectations.. but beats are barely getting paid, while misses are getting pounded a little worse. Source: Goldman Sachs, RBC

Source: Barclays, The Market Ear

Source: @fundstrat thru Mike Zaccardi, CFA, CMT, MBA

Over 37% of $QQQ reports earnings this week. Enjoy the show 🍿 $MSFT | $AAPL | $AMZN | $META Source. BofA, Trend Spider

Mag 7 EPS growth is expected to hit 14% this quarter Source: Mike Zaccardi, CFA, CMT, MBA, JP Morgan, Bloomberg

~EPS: $0.40 vs $0.42 est ~REV: $22.50B vs $22.79B est Still, the stock $TSLA was up +1% in after-hours trading Here are the details: • Revenue -12% Y/Y to $22.5B ($0.4B beat). • Gross margin 17% (-1pp Y/Y). • Operating margin 4% (-2pp Y/Y). • Capex +5% Y/Y to $2.4B. • Free cash flow -89% Y/Y to $0.1B. • Non-GAAP EPS $0.40 (in-line). Source: App Economy Insights

The company increased its capital expenditures forecast for 2025 to $85 billion, up $10 billion from February, due to “strong and growing demand for our Cloud products and services.” The company’s overall revenue grew 14% year over year, higher than the 10.9% Wall Street expected. Here are the details ($GOOG Alphabet Q2 FY25): • Revenue +14% Y/Y to $96.B ($2.5B beat). • Operating margin 32% (flat Y/Y). • EPS $2.31 ($0.12 beat). ☁️ Google Cloud: • Revenue +32% Y/Y to $13.6B. • Operating margin 21% (+9pp Y/Y). ▶️ YouTube ads +13% to $9.8B. Source: CNBC, App Economy Insights

1. Saudi Aramco: $120.7B 2. Apple: $97.0B 3. Berkshire Hathaway: $96.2B 4. Alphabet (Google): $73.8B 5. Microsoft: $72.4B 6. ICBC: $51.4B 7. JP Morgan Chase: $49.6B 8. China Construction Bank: $47.0B 9. Meta (Facebook): $39.1B 10. Agricultural Bank of China: $38.0B Source: Statista