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National Instruments Quarterly Sales Up 16%, New Orders Jumped 27%

May 2, 2022
Scott Peters
National Instruments revenues rose 16% in the first quarter and new orders jumped 27%. The company missed revenues expectations set by analysts and offered wider than expected annual earnings range.

NATI

Ping An Suggests Break Up of HSBC

May 2, 2022
Barry Adams
London-based HSBC is facing pressure from its largest shareholder Ping An to break itself up. China-controlled insurance company Ping An suggested a plan to separate its Asian operations from the West.

HSBC

Stocks in Holding Pattern With Fed Meeting On Wednesday

May 2, 2022
Barry Adams
U.S. stock futures showed negative bias as investors reprice assets with economic recession in view. The Fed is scheduled to release its monetary policy statement on Wednesday. Investors are looking ahead to earnings from MGM Resorts, Expedia, Lyft, Uber, and Starbucks.

Berkshire Hathaway Net Plunged 54% On Portfolio Losses

May 1, 2022
Scott Peters
Berkshire Hathaway said first quarter net income plunged 54% largely on portfolio losses and operating earnings at subsidiaries were stable at $7 billion. The conglomerate also repurchased $3.2 billion of its shares.

Nasdaq in Bear Zone Again After Friday Sell-off

Apr 29, 2022
Barry Adams
Market indexes accelerated declines in the day, month, and in the year so far after investors digested latest batch of earnings and shifted focus to falling demand, rising inflation and operating costs, and prolonged supply disruptions.

AMZN AAPL INTC KLAC NVDA

Exxon Mobil Net Doubles Despite $3.4 Billion Russia Exit Charge

Apr 29, 2022
Scott Peters
Exxon Mobil Corp first quarter revenues increased 52% on higher oil prices and net doubled from a year ago despite a charge of $3.4 billon related to Sakhalin oil field business exit from Russia.

XOM

Intel Revenues Declined on Weakening Demand, Apple Shift, and Supply Disruptions

Apr 29, 2022
Scott Peters
The company guided that supply chain problems are persisting longer than anticipated and consumers are holding back from purchasing new computers on rising inflation.

INTC


U.S. Stocks Turn Lower After Latest Batch Of Earnings Disappoint

Apr 29, 2022
Barry Adams
Stocks in New York turned lower a day after market indexes surged after investors were disappointed with the latest batch of earnings. Personal spending also rose more than expected and crude oil price advanced 2%.

AMZN AAPL INTC

Apple Reports Record Sales, iPhone Sales Rise 9%

Apr 28, 2022
Scott Peters
Apple Inc reported first quarter sales increased 12% driven broad gains across all of its products and services and many geographies. The company authorized share buyback program of $90 billion.

AAPL

Amazon Grapples With Slowing Growth, Rising Costs

Apr 28, 2022
Scott Peters
Amazon.com Inc reported first quarter sales increased 7% and marked the sixth quarter of slowing growth in a row. Growth declined from 42% in the last quarter in 2022 to 7% in the first quarter in 2022.

AMZN

Tech Rally Lifts Nasdaq 3%, S&P 500 2.5%

Apr 28, 2022
Barry Adams
U.S. stocks rebounded, lifting major averages higher. The Nasdaq index jumped 3% and the S&P 500 gained 2.5%. Investors shrugged off the latest reading of economic growth indicating a decline of 1.4%.

META GOOG AAPL AMZN

Twitter's Global Daily Active Users Rise 16%

Apr 28, 2022
Scott Peters
Twitter reported first quarter 2022 advertising revenues increased 23% and global active daily users rose 16% to 229 million.

TWTR

McDonald's Global Comparable Sales Rise 12%, U.S. Sales Up 3.5%

Apr 28, 2022
Scott Peters
McDonald's reported first-quarter sales increased 11% on strong growth in international locations. The U.S. restaurants same store sales increased 3.5% largely on menu price increases.

MCD

Nasdaq Futures Jump 2% in Pre-Market Trading

Apr 28, 2022
Barry Adams
Stocks in New York are looking up after another wave of positive earnings. The Nasdaq Composite Index is expected to open 2% higher and Meta Platforms is 15% up in pre-market trading.

META PYPL QCOM CAKE


Cheesecake Net Jumps Five-fold, Reinstates Dividend and Buyback

Apr 27, 2022
Scott Peters
Cheesecake Factory reinstated its stock repurchase program and quarterly dividend of 27 cents. Quarterly earnings shot up five-fold after all capacity restrictions were lifted at all restaurant concepts operated by the chain.

CAKE