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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Recession and Interest Rates
- The U.S. economy contracted for the second quarter in a row, meeting the classic definition of a recession.
- The Federal Reserve also hiked interest rates, but markets reacted favorably to potential slowing of increases.
Apple's Resilience
- Apple demonstrated resilience in a tough environment with higher-than-expected profits and revenue.
- The growth was driven by iPhone and services, with a notable increase in paid subscribers.
Amazon's Positive Outlook
- Amazon's second-quarter revenue exceeded expectations, and the company offered positive guidance for the current quarter.
- Amazon Web Services and ad revenue showed robust growth, offsetting losses from the Rivian investment.