Motley Fool Money 4 Tech Titans Boost Stocks
Jul 29, 2022
Andy Cross and Ron Gross, both Senior Analysts at Motley Fool, explore the recent upturn in stocks, focusing on tech giants like Apple, Microsoft, Alphabet, and Amazon. They discuss the Fed's interest rate hikes and surprising Q3 performances from major companies, particularly in cloud services and e-commerce. The duo analyzes Chipotle’s pricing strategy, McDonald's approaching stock highs, and the challenges faced by Roku. They also share insights on emerging stocks like Masimo and NextEra Energy, making for a compelling market discussion.
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Alphabet's Mixed Results
- Alphabet's Q2 profits and revenue missed expectations, but the stock rose due to low prior expectations following Snap and Twitter's results.
- Slower advertising revenue growth and YouTube's underperformance contributed to the miss.
Shopify's Layoffs
- Shopify CEO Toby Lutke took responsibility for inaccurate growth projections, leading to 10% layoffs.
- Despite a 75% drop in share price, Shopify maintains a significant e-commerce market share.
Meta's Struggles
- Meta Platforms experienced its first revenue decline, impacted by reduced ad spending, Apple's privacy changes, and competition.
- Heavy investment in the metaverse resulted in significant losses, despite growth in daily active users.