Morning Brew Daily Fastest Earnings Recap in Biz, GDP Slowdown & Jerry Springer Renaissance Man
Apr 28, 2023
Get ready for a turbo-charged earnings recap, as the hosts speed through reports from Amazon to Crocs! They tackle the double-edged sword of high inflation and GDP slowdown affecting the U.S. economy. Tune in for insights into Eli Lilly's breakthrough in the weight-loss drug market and Chipotle's sizzling stocks. Plus, they explore the struggles of First Republic Bank and pay homage to the unforgettable Jerry Springer, a true daytime TV legend.
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Amazon's Cloud Crutch
- Amazon Web Services (AWS) carried Amazon's profitability, generating almost all of its operating income.
- AWS revenue exceeds that of most S&P 500 companies, but its growth is slowing.
Snap's Stock Slump
- Snap's stock continues its cyclical pattern of plunging after each earnings report.
- The stock has not grown since its IPO, consistently falling after earnings.
Shoe Silhouette Sales
- Distinctive shoe silhouettes are selling well, exemplified by Crocs and Hey Dude's popularity.
- Hey Dude's surprisingly high ranking in footwear polls across generations highlights this trend.