Amazon's revenue in the holiday quarter came in at $149 billion, higher than Wall Street was expecting. But guidance for the first quarter was light and that sent shares of Amazon down a bit on Friday. North America sales are up 13%, international up 8%. Now the cloud business, AWS was up 20%. This is a miss that I think investors will focus on as they did when Microsoft reported.
Unemployment hit a 53-year low as Apple, Amazon, and Alphabet delivered their latest earnings reports.
(0:21) Ron Gross and Jason Moser discuss: - Another interest rate hike and a surprising jobs report - Apple's first sales drop since 2019 - Guidance overshadowing Amazon's holiday quarter - Starbucks struggling outside the U.S. - The latest from Alphabet, Meta Platforms, Exxon Mobil, and AMD
(19:11) Jason and Ron keep earnings-palooza going and discuss: - McDonald's ending the fiscal year on a high note - Match Group's disappointing results and layoff announcement - The latest from Qualcomm, Peloton, and Snap - Two stocks on their radar: Kinsale Capital Group and Samsara
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Stocks discussed: AAPL, AMZN, GOOG, SBUX, META, XOM, INTC, AMD, MCD, QCOM, PTON, SNAP, MTCH, KNSL, IOT
Host: Chris Hill Guests: Ron Gross, Jason Moser Engineer: Rick Engdahl
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