Apple posted quarterly sales of $92 billion, a 9% increase over the year-ago period and 4% ahead of consensus. Microsoft clinched positive results across every segment, 14% year-over-year revenue growth and reiterated guidance for double-digit growth in 2020.
Amazon, perhaps the most impressive to date, reported fourth-quarter revenue of $87 billion, growth of 21%. Google-parent, the last of the bunch to disclose year-end results, will report earnings after the closing bell Monday. More broadly, with 45% of S&P 500 reporting fourth-quarter results, 69% have reported positive earnings surprises while 65% have reported a positive revenue surprise. And though blended earnings decline thus far is 0.3%, that's still better than the decline of 1.6% expected by analysts.
The better-than-expected earnings have helped keep traditional valuation measures in check, with the five largest stocks trading at a price-to-earnings ratio of 30 times, better than the 47 times they topped before the tech bubble burst two decades ago. "In order to avoid repeating the share price collapse experienced by their predecessors, today's market cap leaders will need to at least meet — and preferably exceed — current consensus growth expectations," Kostin wrote. "This time, expectations seem more achievable based on recent results and management guidance."
aka “we have large positions and want to book our profits” :)
remindmetweets 6 months
GS ready to unload. They need buyers 😉
If a bank tells you to do something its usually best to do the exact opposite.
CNBC will be partly to blame if/when this bubble pops and Bernie Sanders get elected.
Very true. NWO multinational corps. They are right.
And what’s their thoughts on hot heroine infusion in buying $TSLA 😊
Advise from GS+ JPM, two of the biggest crimes and fines banks, being juiced by Fed REPO, they tell naive to buy these names. Only thing more silly are those of you following that advise. They commit the crime, pay the fine, & JD gets a bonus, while we go to jail for life
Goldie likely took down major supply in these names for large client sellers and now talking it up to unload it. Trust me.
Time to sell guys , they literally want us to buy their bags lmao
there will be a total backlash against big tech soon enough
GoldmanSachs $AAPL has a los of ~$4.5B net income in 2019 in regards to 2018.
remember this shit?
BIG TECH is the backbone of the globalists to conquer the entire world. Observe, control, manipulate. Goldman leads to demolish nations and democracies and to establish the New mixed world order. Totalitarian like Chinas communists regime.
Because he has bought doesn’t mean that he is always right.
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