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Hey Nerds: Blockchain

This is the original tweet. I would do more work on it. I thought he was a reporter for Marketwatch, but he might not be,

 
Another impressive showing by drug stocks in the face of some adversity. GTII earnings August 12th. Not many more trading days. Still hoping for a real dip to buy in but if not, I'm good with rolling with my core.
 
FB crushed their estimates.

Q2 $1.80 v $1.44e,
Rev $18.7B v $17.3Be
Daily active users 1.79B v 1.74Be
Monthly active users 2.70B v 2.63Be
 
Amazon recorded nearly $89 billion in sales last quarter. That's about 8 BILLION more than Wall Street analysts were expecting
 
AAPL makes it 4 for 4. Now busting through 400. Unreal. Double what it was last summer when everyone had a job.
 
CH1 said:
Stock price is about where it was pre-covid, which is weird to me because you think they would have benefitted from WFH.
Click to expand...

I'm trying to understand it. It's puzzling me and I don't know which way to go on it. One of my big tests for a smaller company is how often I see or hear it in day to day speaking/use. I saw Square as a winner because of that long ago. And I hear Slack pop up in conversation here and there, which is always a nice surprise. But I can't get any gauge of its widespread use the way that I could with Square just by shopping in a store.
 
They crushed everything...except phones as they offered discounts on some models I think

Wearables, Home, Accessories sales $6.45B vs. $5.53B last year

Mac revenue $7.08B vs. $5.82B last year

iPad revenue $6.58B vs. $5.02B

iPhone revenue $26.42B vs. $25.99B last year
 
I'm a bit surprised by their services segment.

It was up only 15%. I figured that would be the blowout winner that would carry the day, but it didn't overperform. Every part of its business just went up in semi lockstep.
 
I feel like I wish they didn't do their stock split. Yeah, each $400 share becoming four $100 shares creates 4x bigger upwards movements, but also works the other way too, and every bad day is going to feel a whole lot worse. I suppose the only reason to do the split is to get the price to not look so daunting and attract more buyers in, but Amazon doesn't seem to have a problem with their price. I thought the stock split era was over, but they might be ushering in a new wave. I wonder if Amazon would follow suit.
 
we're witnessing how covid accelerated the move to digital at warp speed. SHOP earnings were a good indicator (97% year over year bump in revenue). Software is so scaleable; cost them nothing to add customers.
 
Yup. Tech is the undisputed champ going forward. Covid sped up their coronation ceremony. But it's still mindboggling that with so many companies going bust, so many people unemployed, so many apparently short on cash, that somehow more people are buying phones and spending money on ads. Where is the extra money flowing in from if it dried up in those other segments of the population?
 
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