Big Tech Earnings! (& Intel) $AMZN $GOOG $AAPL $INTC $META

If the FTSE 100 was a tech stock, which one would it be? Find out on this week’s PlayingFTSE Show!

Steve and Steve are in at the end of the week to talk about some of the earnings reports that have been coming out lately. There’s lots to discuss, though maybe not lots to do…

First up is Alphabet, because – appropriately – it’s first alphabetically. Search advertising was steady, YouTube was down, and Google Cloud was up. Both Steves own this stock – is there anything here to excite them and get them to buy more?

Second is Amazon. Services revenues were generally higher, product revenues were generally lower. Net income was low because the Rivian investment continues to weigh on the bottom line. Should the Steves be worried with the P/E ratio going up and up and up?

Third is Apple, which Steve W owns. For the first time since 2019, Apple posted lower revenues than it did a year ago. But the market took the news very well. Steve W sees the company running out of road on its buyback scheme, so what’s he planning on doing?

Fourth is Intel. The market did NOT take Intel’s earnings report very well at all. With revenue and profit down in almost every segment, at least shareholders have the dividend to rely on for now… right?

Last is Meta. The stock shot up after earnings as the number of users went up, but the metaverse project continued to lose more and more money. Steve W thinks that there’s scope to see whatever you want to see with this, so what’s he doing with his shares?

Only on this week’s PlayingFTSE Podcast!