Motley Fool Money Earnings and Elections
Oct 30, 2020
Alphabet shines with strong earnings, while Microsoft surprises with lower guidance despite better profits. Amazon sets a record for quarterly sales, but Facebook faces user decline worries. Starbucks offers an unexpected twist, and Netflix opts for a price hike. The discussion also explores Tupperware's impressive turnaround and shares insights on Pinterest's growth. Plus, the analysts weigh potential stocks to watch like Wix.com and EPAM Systems, all while considering how the upcoming election could shape investor strategies.
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Alphabet's Strong Q3
- Alphabet's Q3 profits exceeded expectations, driven by Google's ad business, Cloud, and YouTube.
- YouTube revenue alone topped $5 billion, highlighting the ongoing shift to online platforms.
Digital Transformation Fuels Alphabet's Growth
- Alphabet's recovery from a slow previous quarter is attributed to the accelerated digital transformation.
- This growth is fueled by nine services boasting over a billion users each, demonstrating wide reach.
YouTube Trends Reflect Pandemic
- Views of guided meditation videos on YouTube increased by 40% since March.
- DIY face mask tutorials have been viewed over 1 billion times, reflecting pandemic trends.