Is this the demise of big tech?

... and a look into earnings

Author

Swaggy Stocks
April 21, 2022

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Today's Letter

  • Market Update

  • Earnings SZN

  • Trending Cryptos

  • Top Meme Stocks

Market Update

Is this the demise of big tech? It wasn't long ago we saw Facebook, now Meta, collapse with an over 20% decline of share price in a single day. Fast-forward 3 months and another Angel has fallen, but this time it's Netflix (NFLX) with a 35% decline in a single day.

If you think your trading has been bad, Bill Ackman is down nearly $400 million on his Netflix position and sent out a letter to his investors about fully exiting the position. This comes only several months after he said he was "all-in" on streaming.

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Earnings SZN

Tuesday

Netflix (NFLX)

  • Revenue: $7.87B vs $7.93B est. Miss

  • EPS: $3.53 vs $2.89 est. Beat

  • Loss of 200k subscribers and stock was down 35% for the day.

IBM (IBM)

  • Revenue: $14.2B vs $13.8B est. Beat

  • EPS: $1.40 vs $1.34 est. Beat

  • Shares are up 10% since reporting this week.

Silvergate (SI)

  • Revenue: $54.0B vs $56.9B est. Miss

  • EPS: $0.79 vs $0.46 est. Beat

  • Shares are up roughly 10% this week.

Wednesday

Tesla (TSLA)

  • Revenue: $18.8B vs $17.92B est. Beat

  • EPS: $3.22 vs $2.26 est. Beat

  • Shares traded +3% for the day.

United Airlines (UAL)

  • Revenue: $7.57B vs $7.68B. Miss

  • EPS: -$4.24 vs -$4.23 est. Miss

  • Shares traded 10% higher in today's session.

Thursday

American Airlines (AAL)

  • Revenue: $8.90 vs $8.77B est. Beat

  • EPS: -$2.32 vs -$.48 est. Beat

  • Shares of AAL traded higher 3.5% for the day.

Snap Inc (SNAP)

  • Revenue: $1.06B vs $1.05B est. Beat

  • EPS: -$0.02 vs $0.00 est. Miss

  • Stock was down as much as 20% after-hours, but has climbed back to -5%.

Friday

Cleveland Cliffs (CLF)

  • Revenue: TBD

  • EPS: TBD

The meat and bones of earnings season is next week. Keep an eye on the following names that will be reporting:

  • Activision Blizzard (ATVI)

  • Microsoft (MSFT)

  • Alphabet (GOOG)

  • UPS (UPS)

  • Visa (V)

  • Facebook/Meta (FB)

  • PayPal (PYPL)

  • Qualcomm (QCOM)

  • Spotify (SPOT)

  • Teladoc (TDOC)

  • Apple (AAPL)

  • Amazon (AMZN)

  • Twitter (TWTR)

  • Intel (INTC)

  • Roku (ROKU)

  • Robinhood (HOOD)

A big week ahead, no doubt! We'll be posting an earnings update on Thursday.

Trending Cryptos

Social volume (and volatility) in cryptos seem to be taking a breather while the market displays much uncertainty. Here are the top 5 cryptos by social volume for the day.

GRIT is going big or going home on the 20% of our “high-risk” portfolio where we know these investments could go to zero…or 10x! Subscribe to our new CRYPTO NEWSLETTER to follow us along this journey and see what we’re buying, why we’re buying it, what we’re paying, and what else is on our radar!   

Top Meme Stocks

An updated page is born on the SwaggyStocks website, the WSB Stocks List page. It has the same data as the sentiment page, but this time you can see each stock's performance for the day and correlate changes in social volume to stock performance.

  • #1 - Tesla: As usual, Elon and Tesla have been taking the number one spot as he makes a bid for Twitter.

  • #2 - Netflix: After being down 35% in post-earnings action this name still making headlines.

  • #3 - Snap: Social volume is up 1,000% after posting a less-than-spectacular earnings with subsequent stock slide.

Honorable mention for AMD making it to #6 with a 90% increase in social volume. They report earnings on May 3rd.

Here's a sample of the new page, click it to visit the URL.

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