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Microsoft, Google Still Going Concerns
Investors were on tenterhooks for mega-cap tech earnings, and not just because the "broad" market li
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The economy is slowing, but not dramatically. The Fed will deliver a 75bps hike tomorrow and reiterate that taming inflation is job no. 1 but they remain data dependent. At this juncture, 50bs or 75bs in Sept. is a coin toss. That said, inflation is still high and the Fed, imo, still has work to do.
“oligopolistic confederation of surveillance capitalists” they may be….but, perhaps rathe benign in comparison to their forbears, like the Robber Barons of the Gilded Age, or the British (and Dutch) East India Companies….
A pleasure to read, from the reference to ” surveillance capitalists” through to the end.
It looks like the beloved safe stock Apple may hold the short-term key. Rightly called safe given their buy-back budget. Until Pelosi visits or doesn’t visit Taiwan next month.
A Pelosi visit to Taiwan at this particular juncture is a very bad idea. Here’s an idea, Madame Speaker: How about working up a policy agenda that actually helps working people in this country. Think FDR.
FDR of the ’30s, that is.
I’m sure Pelosi would love to move some legislation for working folks but clearly wouldn’t pass muster with Manchin …that’s been tried with BBB…
I get slightly different PEs for GOOG depending on the source. Anyone know what’s the most reliable free source of such info?
My academic friends tend to use Edgar for data like this.
“Revenue of $51.87 billion rose 12% YoY,” in a dead economy. What’s wrong with that? The company didn’t miss, the analysts did, as in read the room guys, you know, the economic environment part. Funny how analysts always revise their guesses after the company changes guidance. What do we pay these turkeys for, anyway?