Today may be the largest earnings day I have ever been a part of, with all the big names reporting after hours. Stocks reporting, in order of how well they did (in my opinion):
4-for-1 Split Coming; end of August
Revenue: $59.7 B vs $52.3 B expected; blowout, up 11% YoY.
EPS: @2.58 vs $2.07 expected; blowout
Key - Services revenue growth is on fire.
Prediction - Multiple expansion coming; buy.
Another blowout quarter
Revenue: $18.7B vs $17.4B expected; up from $16.9B a year ago.
EPS: $1.80 vs $1.39 expected; up from $0.91 a year ago
Revenue: $88.9 B vs $81.53 B expected; up from $63.4 B a year ago.
EPS: $10.30 vs $1.46; massive beat
Having AMZN ranked 3rd here is almost unbelieveable based on how well they did; just proves how well FB and AAPL performed.
Revenue: $38.3 B vs $37.36 B expected; however, revenue decline YoY
EPS: $10.13 vs $8.34 expected, and again, a decline YoY
Other Bets division of GOOGL is a big expense to operating income
The worst quarter of the group; but much better than expected.
Overall, tech is thriving. All names are a buy right now. I personally, think FB is the best over buy, followed by: AAPL, AMZN, GOOGL.