U.S. Stocks Jump Ahead of Big Tech Earnings

Goldman Comments on Meta Platforms (META) Q3 2022 Earnings

Goldman Sachs analyst Eric Sheridan comments "We would expect investors to have an initial negative reaction to META's Q3 22 earnings report with a mixed set of results. On the positive, FX-neutral advertising revenue growth of +3% YoY was better than feared and in the top end of the guided range. In... More

JPMorgan Summary of Meta Platforms (META) Q3 2022 Earnings

JPMorgan analyst Jack Atherton comments "META (-11% post mkt): Q3 revenue +2% FXN vs whispers +LSD%. Reported revenue $27.7b (-4%) vs guide $26.0- 28.5b. Family DAPs 2.93b vs Q2 2.88b; Facebook DAUs 1.98b vs Q2 1.97b. EPS $1.64 vs St $1.90. On the outlook, mgmt guiding to Q4 $30.0-32.5b... More

Alphabet (GOOGL) Stock Declines Following Earnings, Revenue Miss

Google parent company Alphabet's (NASDAQ: GOOGL) shares fell more than 6.5% after-hours following the publication of its third-quarter earnings, which saw it miss profit and revenue estimates.

The tech giant reported earnings per share of $1.06, $0.22 below the analyst consensus estimate of $1.28, while revenue for the quarter came in at $69.09 billion compared to the consensus estimate of $71.34... More

China Sell-Off Disconnected From Fundamentals, Presents an Opportunity Says JPM's Kolanovic

In a note to clients on Monday, JPMorgan analyst Marko Kolanovic said the China sell-off is "disconnected from fundamentals" and presents an opportunity.

US-listed Chinese stocks have fallen during the session on fears over the country's power shuffle.

"China growth data surprised positively over the weekend, but... More

Apple (AAPL) Increases Apple Music, Apple TV+ and Apple One Prices

The prices of Apple's (NASDAQ: AAPL) Apple TV+ and Apple Music subscription services will be raised according to 9To5Mac on Monday, with the Apple One bundle price also increasing as a result.

The move marks the first time the... More

Meta Platforms (META) Should Reduce Headcount Expense by 20% - Altimeter Capital

In an open letter to Meta Platforms (NASDAQ: META) on Monday, Altimeter Capital Chair and CEO Brad Gerstner said that the social media and metaverse company needs to get its mojo back and re-build confidence with investors through a reduction in headcount, Capex and limiting investment in the metaverse.

Gerstner recommends that Meta reduce its headcount expense by at least 20%, lower annual Capex by at least $5 billion from $30 billion to $25 billion, and limit investment in its metaverse/Reality Labs division to... More

Meta Platforms (META) Quickly Erases Decline, Back to Flat

Meta Platforms (NASDAQ: META) Quickly Erases Decline, Back to Flat