Earnings Candlesticks 🕯

United Parcel Service exploded 7% to record highs after exceeding Wall Street’s expectations this morning. Shares of the global shipping company are now up 31.6% YTD. 🌎 📦

$UPS | EPS: $2.71 (vs. $2.55 expected) | Revenue: $23.2 billion (vs. $22.6 billion expected) | Link to Report

Advanced Micro Devices made quite the move heading into its earnings report after market close. The semiconductor stock has ascended 22% since its most recent low on Oct 4. It’s up 33.8% YTD.

$AMD | EPS: $0.73 (vs. $0.67 expected) | Revenue: $4.31 billion (vs. $4.12 billion expected) | Link to Report

Here’s the daily chart:

Robinhood Markets has been in a trading slump. Shares of the recent IPO have closed negative four weeks in a row, and may soon make it to a fifth. 💔 $HOOD fell 8.4% after hours…

$HOOD | EPS: ($2.06) (vs. ($1.37) expected) | Revenue: $365 million (vs. $431.5 million expected) | Link to Report

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Deere Harvests Profits, Hits All-Time High

Deere’s earnings report in August showed it was facing a bit of a drought, lowering its full-year profit outlook. Supply constraints left it unable to meet the robust demand of farmers, with rising expenses eating into profits. 👎

Today, it reported earnings per share of $7.44, which topped estimates of $7.11. Total revenues rose 37% to $15.54 billion, with equipment sales of $14.35 billion beating estimates of $13.39 billion.

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Zuckerberg Has $Meta His Match

It’s been less than two weeks since Mark Zuckerberg reported that there was trouble in the Metaverse. After a nearly 80% decline over the last year, it looks like he’s finally met his match in angry shareholders.

Analysts and investors alike have not bought into the Metaverse vision. They’ve argued that the company needs to make significant cuts after allowing expenses to balloon 19% YoY to $22.1 billion. Especially as its core business continues to slow and the macro environment weakens further.

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A Big Box Surprise

Yesterday we discussed investors’ fear that expectations may still be too high ahead of the holiday shopping season. Layoffs at Amazon and FedEx sparked speculation that retailers could be due for a rude awakening.

However, today’s Walmart and Home Depot results painted a slightly different picture. 🖼️

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