AMD Q3 Earnings Results AMD reported third quarter earnings and topped expectations on both EPS and revenue. The company’s profits came in at 70 cents per share vs the expected 68 cents, and revenue came in at $5.8B vs the $5.7 expected. They did fall short on fourth quarter guidance, projecting $6.1B vs analyst expectations of $6.37B, which hurt them initially, but the stock recovered on the upbeat outlook for 2024. AMD is expected to sell $2B in artificial intelligence chips in 2024, which places them among the top companies in their industry and in AI. This marks another quarter of growth for AMD and sheds light on their potential. AMD has been moving sideways for months, but this may...
GLD Chart done on daily timeframe. Precious metals have always been a safe haven for investors when economical or geopolitical uncertainty grows. Gold and silver in specific become highly desirable in inflationary environments, but unlike other times in history, this inflation cycle didn’t push these precious metals, likely because investors capital was flowing into real estate and partially into cryptocurrency. However now with high interest rates beginning to take a toll on real estate, and with multiple U.S. backed wars around the world, we’ve seen an uptick in in precious metals once again, reflecting the strongest buying volume in months. We’re expecting gold and silver to continue rising and are already holding shares of SLV. If this push follows through...
Chevron (CVX) Post-Earnings Analysis: Energy stocks were expected to head higher as the war in The Middle East intensified, but that’s far from the case from oil giants like Chevron and Exxon. Shares of both companies have been selling off and even their strong earnings report didn’t help, especially for Chevron. The company is down more than 5% after earnings as traders react to the earnings miss. Revenue came in line, but EPS fell short, coming in at $3.05 per share vs. $3.70 expectations. One major reason oil companies have not been moving higher in 2023 despite the high energy prices could be that Wall Street sees they’ve “maxed out” their potential and will report flat or modest earnings in...
Google Q3 Earnings Analysis: Google shares took a dive following their most recent earnings despite the company’s stronger than expected results. The drop in the stock is likely to Google’s inability to meet Wall Street’s expectations on the cloud computing side. Google reported earnings on the same day as Microsoft, which reported 29% growth in cloud computing, so analysts were quick to sell Google and buy up Microsoft shares after the results. Google’s overall revenue was up 11% from the year prior, coming in at $76.69B, and earnings per share came in at $1.55, above analyst expectations of $1.46. Technical analysis: Google’s post-earnings move took the company’s daily candle below the 100 day moving average for the first time since...
Microsoft (MSFT) Q3 Earnings Analysis: Microsoft shares are surging after their third quarter earnings topped expectations amid strong demand for artificial intelligence computing. The company reported revenue of $56.5 billion for the quarter, an 11% jump from the same period last year. Microsoft noted their cloud computing business, Azure, which posted 29% growth. More importantly, the company posted revenue projections for Q4 at $60.40-$61.40B, above analysts expectations of $58.67B. Traders and investors often use future guidance to determine if a stock is worth buying, and according to these earnings, Microsoft has earned itself a bullish outlook. Technical analysis: Microsoft shares climbed as high as 4% on the day after earnings, but buyers were unable to sustain the highs as markets...
