Big rally on Wall Street, AEX future closes + 1.0% and the dollar is strong.
Ladies and gentlemen, for the first time ever, they are simultaneously calculating: the US super technology funds under heavy political and legal pressure. Big Tech so, either Alphabet, Facebook, Amazon and Apple. I do my best to get all the figures in this blog as soon as possible, to interpret them and to give feedback on the course.
Here everything is in order of official attendance (9:00 PM, 9:05 PM, 9:10 PM and 9:30 PM), or the pictures will do it automatically. Good luck, I hope you are on the right side. Just enjoy this, because we don’t often experience billions of market caps with numbers coming at the same time. In such a market.
Alphabet is much better than expected – there was real nervousness about these numbers – but the fund is still delivering. Thanks to the lockdown, there is a lot of extra searching on the internet and YouTube is experiencing golden times. Simple really. Share price + 6.7% now.
Facebook is also better than expected and that with that ad boycott. Well, what do you want, Unilever and the rest, these figures say. I don’t know yet why the price is now lower: -1.8%.
Oh, it is certainly not enough …?
Facebook’s revenue was up 21.6% over the past year, which is (incredibly) the 2nd slowest growth rate in its history (slowest was 10.7% in Q2). $FB
Data via @ycharts pic.twitter.com/t29ShhdVTJ
— Charlie Bilello (@charliebilello) October 29, 2020
Amazon … you see. Apparently, the company is pulverizing expectations, as the share price is now -1.2%. I have no finger on this either. The company is already at a record profit for this year and the holidays are yet to come.
Finally, Apple is doing -5%, because it does not dare to face an outlook for Q4. Well, it is not the numbers. The company has over – cuckoo – $ 191 billion in cash and some will probably return to shareholders.
And that produces this picture. I post this at 9:45 PM and think it’s been great now. Conclusion: all good figures, but the bar is very high, the prices had already risen sharply today and apparently everything, but everything has to be right.
And now I don’t like the tech party anymore. The #Nasdaq100 future (+ 1.0% still) #Alphabet (+5,7%), #Amazon (-1,2%) , #Apple (-4.8%) in #Facebook (+0,3%) pic.twitter.com/WZbtSlE3hv
– Arend Jan Kamp (@ArendJanKamp) October 29, 2020
And here a moment for those who just can’t get enough, because there were many more stocks with numbers After Hours.
Stocks making the biggest moves after hours: Alphabet, Twitter, Facebook, Apple, Amazon & more https://t.co/C5MI6fOjqu
– CNBC (@CNBC) October 29, 2020
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