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27 Apr 2017

A Deluge and an Eclipse

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Post by MoneyRadio Staff

…..Earnings flood: Alphabet, Amazon, Microsoft, Intel, Starbucks, UPS, Ford, American Air, Southwest, etc. ECB holds steady. Trump will stay in Nafta. West Virginia moves to renewables. An eclipsing stamp. Financial Review by Sinclair Noe for 04-27-2017   DOW + 6 = 20,981 SPX + 1 = 2388 NAS + 23 = 6048 (record high close) RUT – 2 = 1417 10 Y – .02 = 2.29% OIL – 1.01 = 48.61 GOLD – 5.50 = 1264.50   Today brought a deluge of earnings.   Google parent Alphabet posted a 29 percent rise in quarterly profit, driven by a surge in advertising on mobiles and its popular YouTube video service. Alphabet’s net income rose to $5.43 billion. The company’s consolidated revenue rose 22 percent to $24.75 billion. Google’s ad revenue, which accounts for a lion’s share of its business, rose 18 percent to $21.4 billion in the first quarter. Revenue from its Google Other unit, which includes Pixel smartphone, Play Store and cloud business, rose 49 percent to $3.10 billion. Alphabet sales from its moonshots projects like Fiber and Nest also grew to $244 million in the quarter, up from $165 million a year earlier. However, Google’s loss for these ambitious projects ticked up slightly to $855 million. Up 5% in after-hours trade.   Also, after the closing bell, Amazon reported revenue of  $35.7  billion,  versus Wall Street estimates of  $35.3 billion.  A nice beat. This compares to  $29.1 billion a year ago. EPS of $1.48, versus estimates of  $1.13 per share. A big beat. Analysts were also …

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