Welcome back to another market closing live stream. Oh my gosh. Today we've got some mega mega earnings and when we talk about mega earnings we don't mean small. We need we mean massive, huge earnings.

Today, amazon, four o'clock: apple 430, roku 405 intel 4 o'clock. Robin of the hood right at four o'clock. We get western digital at four o'clock: zendesk. 4.

15. folks, columbia, sportswear at 405.. This is the earnings day of earnings day after, of course, tesla uh anyway, crazy, crazy day in the markets. Obviously, if you've seen the other videos already which, if you haven't yet highly recommend you watch them, uh, hey my uh recession reaction b, the now video and see the uh tesla video, i think very critical videos uh to watch.

But in the meantime, let's get ready for earnings and to take a check and to how the market is uh. Closing uh, of course, keep in mind. This video is brought to you by stream yard, which is that amazing streaming platform i can multi-stream with and throw out comments like this one from cole who says we're about to have an sh-9t show. So, let's see how the show goes.

Uh anyway, let's uh start by you know just some basics here: basics: this is our fourth bounce now off the zero percent fibonacci line. Not only is this the zero percent fibonacci off the uh or the fourth bounce off the zero percent fib, but uh we are doing a little bit of selling into the close, which does uh imply institutional selling. You generally have those institutions, uh selling and transacting, or buying whatever they're doing first thing in the morning last thing of the day, uh these things get entered in for the day's decision and then process. That's obviously excludes intraday traders, which is entirely possible uh, as well as intraday trading at institutions.

That's not just possible, it's exactly what happens, but in terms of larger funds, active passive minute, passively, managed, etfs, beginning of the day and today, folks, very, very important. So not a surprise to me that the last 30 minutes of the day you see a little bit of sell down. It's also, usually when day traders close their positions. Given that today we had uh, you know long direction, essentially uh, which is up we uh uh.

We have um a little bit of selling pressure going into the closes. People are probably trading out of uh positions. They may have opened today on the way up so uh quite interesting in terms of uh really uh. I would call it a very risk on day here: let's just go ahead and sort by losers.

First so tdoc, obviously disappointing growth, terrible like insane in absolutely insane uh impairment of 6.6 billion dollars with just no explanation other than yeah well, market values have gone down. It's like what what what do you have on your balance sheet like what's wrong with you, people anyway, down 40 percent? Quite disappointing blue apron stay-at-home food company down 12, but that almost makes me feel like. Maybe they had some sort of announcement or earnings, because uh blue apron has been uh, occasionally a little bit of sort of a momentum stock. So not necessarily because you have you have seen momentum in it, but i haven't seen it recently so 12.

There could be some form of uh catalyst, either earnings or pre-release of earnings who knows whatever? Let's get logged in over here, okay uh, we are going to have earnings set up for today and that comes up in about 10 minutes. Domino's pizza, you know, missed a little bit this morning, so we see them down spirit airlines. Interestingly, even though the travel sector is just booming, yet uh spirit airlines down about two percent right now, bed, bath costs, boeing, caterpillar, end phase, half percent, so uh, not all stocks, winning here tesla down about point two percent disney down about 0.3 percent. Looking at the winner winner, chicken dinner side, it's basically all of the earnings.

Yesterday, look at that yesterday we had earnings from upstart qualcomm paypal, pinterest uh; no, it wasn't upstarters up work, sorry, uh, so upwork facebook, pinterest paypal, qualcomm. Those are the ones that had earnings. Yesterday, these five right here, all of them booming right now that doesn't mean everything that reported yesterday is doing well, but uh. The leaders today are definitely these, but look at this as well after those qualcomm earnings.

Finally, you get nvidia popping back up. Seven percent intraday uh, it was at a low uh. Today of where'd you go here, we go. We were down to 184.9 this morning, really incredible.

Uh, then uh united wholesale mortgage also up about seven percent, wayfair autodesk, incredible trade desk six and a half percent. A firm six percent look at this thing. This thing this morning was at a low of 28.50, absolutely incredible, uh, so wild just absolutely wild market. Now, uh next up.

Obviously, earnings what's going to happen in earnings and is it going to crash us again because it's entirely possible. It is 110 entirely possible that if we get terrible earnings or terrible guide which usually uh, usually you don't end up getting guide from um uh, apple uh. But but if these things come in terrible, then we're gon na have some pain, so not so great uh, anywho, so uh we'll see what happens now now. I think we're uh we're on standby.

Let's take a brief, listen into cnbc here and then we'll see what the suits are saying. Let's listen in, i think they're doing the right thing. Don't get me wrong, but we won't know if it's going to have any success at all like for years like, even if you liked it, what's your rush. So so what is that? So? What would you be looking for on a shorter term basis, like quarterly numbers? Coming out in a few moments, yeah yeah, i mean look, people will be watching to see, like obviously just on the financials, the gross margins and capex and everything they'll be watching the pc trajectory and whether or not they change their tune and data center is going To be hugely important because, like i said they did actually push out their roadmap, but in the near term, there's been quite a bit of flutters about um some product delays.

They've got a new server. Chip coming in here called sapphire rapids, which seems to be getting incrementally delayed like the longer we go, and so people are going to want some color on that and so we'll see what they say and what that means like for the year. But i'll be honest with with you fundamentally, if you own the stock you're not like, i said before: you're not owning it, for this quarter or next quarter, you're owning it, because you think you know over five years. They can turn it around and whatever happens on this call today, i like the kids screaming in the background yeah all right, whatever comes on cnbc, to tell people to huddle for the long term, right, okay, uh, so old news, uh five-year break even right now sitting At about 3.4, it's actually moved up a chunk.

Now it's uh it's sitting right around the levels that were the lows of early april. We were substantially higher on the five-year break evens in the bond market in march and uh even towards the end of april. We had a pretty uh excited, run there, that's really relaxed, which is really good to see. We want to see a relaxation that five year break, even but we're not as low as we were over.

The last couple days had a little bit of a boost there. In inflationary concerns, which always is a concern that when you have negative gdp at the same time as potentially inflationary concerns that you're going to run into some form of stagflation, quite terrible, uh yeah, so somebody's wondering where this thing is from. But you know my dad gave this to me so shout out to my dad, but it's from paul paul, graham robert graham paul grammer robert. I can't ever remember what it is: robert robert cram anyway.

Okay, so uh talk, ten two attacked break evens. Let's take a look at what el sutos are saying: currency volatility has some duration. Tesla goes green. I don't actually think it's green anymore.

I do think it went green for a brief moment. There yeah it did um yeah geez. What what look at that crazy, uh price action today, uh briefly went green there to get back over the uh 880 line here, really incredible price action. I mean look at the ta here folks.

This is insane ta in my opinion. Here, let's go to five minute because it just really showcases the power of the ta to you, so we get a downtrend right, get a downtrend in the stock uh. On the 18th i mean we did this look at how many freaking times we hit this. This is insane anyway, so look, let's go from over here, okay, so to all the ta deniers, who are like yeah, i'm gon na use tn well.

First of all, you should definitely check out the coupon code link down below and get yourself some perspective, but anyway take a look at this sixty-one percent we ride the line over here on the five-minute chart fall to 50 bounce off of the 50 uh. You know get sort of this rebound action over here right above the 50.. Try to ride back to 61.8 get rejected at 61.8 on the 14th drop to 50 again get rejected by 61.8 again get rejected by 61 8 bounce off of the 50.. Try to climb.

Actually almost break out, uh and uh, and then when we come back so a few days later, what are we bouncing off of again 50.? This break was not great when we broke the 50. We went straight down to about this 880 line, which we frequently bounced off over here: bounce bounce, bounce uh. This is a near bounce right here and sometimes you get a little over extends as people trade early right and uh, and then, of course, when we had the breakdown and we fell straight through our 880 support. What happened boom bounce off the 23 6 and now we're riding over? Here i mean it's, it's almost like i don't know, i feel, like you, couldn't ask for more perfection in terms of uh in terms of sticks here.

So really, if you don't have these levels, i think they're levels that you really want to pay attention to, because the reason it works is it's not like some fancy magic. It's because other traders are trading off of exactly these things right anyway. So hmm, what else? Uh currency volatility levels are at pandemic, post pandemic highs, you name the headwind. It's pressuring industrials crude pops.

As germany says, it's no longer opposed to a russian oil ban stocks brush off uh gdp, miss with some good region a reason. Surging imports, yeah us consumer is very strong, in other words, all right. If ford was able to hide riven losses and make her look good, amazon's gon na do much better yeah, we'll see those losses will definitely show up those ribbon losses but uh anyway. We've got about three and a half minutes left in the day.

Looking at the qqq really giving up a chunk over here into the close, we were up almost four percent intraday on the qqq, almost uh that just potentially set up for a buying opportunity tomorrow. In case we get some nasty misses or it sets up for a buying opportunity right now, which is entirely possible if you think about it, that uh you're buying relatively close to the zero percent fib you're getting end of the day, selling pressure super common when you've Got institutions dumping uh so and we're really not losing much. I mean we're giving back. You know half of a percent here uh and um yeah.

Hopefully this really starts setting off another another rally. Uh. Is this a bear market rally? Maybe i mean who cares? We've had bear market rallies, frequently bouncing off of the zeros right. I mean look at that.

You could call that a bear market rally. This clearly bear market rally. You could call that a bear market rally. You could call all this over here.

Bear market rallies. You know that doesn't mean that, when you're close to zero percent, you can't go lower but also doesn't mean that you should not be adding. You know getting more exposure to some of your favorite companies uh during these these periods of just insane fear and uncertainty. I think is, is the whole point, absolutely uh, absolutely powerful, so anyway got ta.

Hit that confident hit me. I'm gon na have to get them all stuff. That's all right, so we got ta, make it to earnings. Oh look at that google's up 3.69.

Today, up more than the uh slightly more than the uh qq tesla vacillating around that half percent down looks like a lot of that. Selling pressure was really completed early in the day, so we'll see our closest couple minutes to go here, disney unveils same-sex kiss in upcoming movie. Oh no, like i don't know it seems like no big deal um like that's cool but uh. I don't know like i'm wondering like: why is this news anyway? So what else? Hmm, okay, so one minute to go to the close we've got: let's take a listen into cnbc here and then we're going to do earnings i'm going to get them ready to the downside.

Look at the five-day s! P! 500, because this kind of tells you a little bit of what i was mentioning there for basically just popped back up to where we were at the at the monday closed. So you know there's work to do here, but you could also say that that's uh carving out a low. We spent a lot of time near 4200. Didn't really decisively break it, yet the volatility index, as you would expect, coming in pretty hard we're now below 30.

So you want to see that spike uh continue to slide lower, but again it's wait and see, i think, with the fed and quiet period earnings narrative takes over and there are a lot of good ones and that's evidence in the market today, as we head into The close best performing stock in the s p right now is meta after earnings, it's up: 17.5 ptc on earnings, paypal on earnings, qualcomm, that's at the top of your list. Today, there's the s p of two and a half percent right. Now every sector is higher. Technology is the leader of four percent communication services.

Finally, having a good day here up three and a quarter percent, it's been a pretty brutal period. It's a group, that's about 30 percent off its highs. Energy's working discretionary is working pretty much everything. Financial is having a good day, the nasdaq closing out with a gain of 3.

So really a strong comeback. Today, the s p 500, with two and a half percent, brings it positive for the week. That's it for me on closing bells, send it into overtime with scott. There.

You go all right here. We go getting ready now for uh amazon, getting ready for apple we've got uh. First up on deck is gon na be amazon. Then we've got intel.

Robinhood amazon intel robinhood, they are first to come. So let's make sure we have all of these up. We got them up we're ready and then we'll go to the tickers as they come through as well. Amazon apple roku comes in with a revenue beat 733 mil versus 720.

there's our first one roku in up five percent. Already look at that 733 versus 720 was the expectation waiting for more information. Uh no amazon intel comes in with 18 billion versus 18.46. That's a miss on revenue.

Intel comes in with reaffirming guidance. Intel comes in with adjusted eps of 87 cents versus 80 cents, so it's a miss on top line, but a beat on bottom and a meat on forecast for intel. So a little mixture in intel, robinhood, uh robinhood, mrs estimates, coming in 299 million of income versus 350 2.9 expected cumulative funded accounts 22.8 million. The estimate was for getting to uh 23.1 million.

That is a miss of about 300 000 on users. Revenue coming in almost 54 million uh shy, uh you've got let's see here: crypto revenue comes in at 54 million versus 56 expected. That's less. You've got estimated monthly active users at 18.2 mill, but actually they only had 15.9 million active users.

So if you are watching this right now and you're, not uh, you know grabbing uh or you're, not trading on robin hood you're, part of the reason amazon's down nine percent after quarterly working through supply chain issues, inflationary issues uh. Oh my gosh. Okay, what see? Second quarter: loss of one billion dollars: this is the forecast to a profit of 3 billion. They were expecting a profit of 6.8, so their forecast is horrible.

This e-commerce forecast is very, very bad profit of 6.8 billion expected, but actually ex forecasting a loss of 1 to a gain of 3 billion. That's terrible on the forecast amazon aws sales, slight beat 18.44 billion. Slight beat you've got subscription services, that's a slight. Miss operating margin, 3.2 versus 4.7 expected that's a miss of one and a half percent or 50 basis points on operating margin.

That's bad physical net sales, 4.59 billion up from the expected 4.3. That's good! But that's not where the money is the money's uh online and aws uh north america. Sales actually come in with a beat at 69.24 billion versus 67.8 billion, so people are spending the money, but they got destroyed on on margin. Here uh, i mean they lost 150 basis points they're down from a margin, a 4.7 operating to just 3.2.

That's terrible like what's the what's the point, uh like that's, it's such a low margin, and i know they spent a lot of money. You know investing in the business but holy crap. There goes amazon that is going to be a drag on the indices tomorrow. Folks, that is not good.

Immediately. Seeing trade desk dropped three percent here in the afters google down. One percent roku first moves up now down 8.4 complete disaster, uh roku, you know i don't know what's wrong with roku they they actually beat on revenue. So there has to be some kind of skeleton in the report that came out here, robin hood's, going to start reporting stats on a monthly basis, because uh these numbers are so disappointing.

They want to give us disappointment monthly, now to kind of soften the blow. A little bit uh o m g wow - that is this - is a horrible mess there from amazon. I don't know how much of that is. Is rivian yet uh? Okay, no longer chasing physical or staffing capacity, okay got it, but that that forecast was so trash even q1.

What q1 lost per share of 7.56 but their eps was expected. Estimated eps was eight dollars and 40 cents what so they lost money. Instead of making money robin hood revenues fall 43, as trading volumes, moderate o mg holy crap roku is now down 14 amazon uh down that full 8.23 trade desk down two percent paypal down another quarter, facebook down one uh pinterest one. I mean a little big give back here, makes sense, uh roku, just a disaster right now, nasdaq uh setting up for about a one percent loss already spy setting up for about a third percent of a loss.

That is a there's a disaster there at amazon. First quarter, net loss included uh. Let's see here, no no riven talk yet. Okay, i want to see.

What's going on really remember: apple is coming out in about 25 minutes. Roku sees net revenue, oh the forecast, ruined it. Roku roku revenue beat this quarter 733.7 versus the estimate of 720.5 right. We talked about that already, but the second quarter, net revenue coming in at 805 versus 826 million expected ouch.

That's a burn, uh definite, miss there on forecast. You've got yeah monthly, active users at robinhood down 10 percent now sees year operating expenses of stock, excluding stock-based compensation up two to five percent, so they're spending more money on employees as well, amazon recovering slightly now in the post market sitting at about a seven and A half percent loss right now, uh roku adjusted ebata forecast expected to be 21 million, now projecting zero projecting to break even oh gosh yeah. None of these are good western digital margin. Coming in at 31.7 percent, that's a beat on over 31.1.

You've got western digital q4 rev expected to be about 4.6. That's in line with the 4.6 bill that they forecast that's for q3 for the next quarter for their fourth quarter, q3 net revenue was 4.38 versus 4.31 expected operating expenses roughly in line margin a little lower. First, solar: okay: here we go first solar, oh my gosh, it's horrible! What the hell happened: first, solar net sales, 367 million folks. The estimate was not 367 million; it was 592.2 holy crap.

That is a miss of about 38 in sales. How? How do you miss that badly who's doing your forecasting really wide guide, looks like a first solar, fslr they're, actually green. You got ta love it uh. It's such a the most confusing market.

Ever western digital sees operating expenses in line with estimates. Amazon sales show slowest growth. In years, ooh wall street journal, amazon, reported growth of seven percent in its first quarter, the slowest growth amazon has had in about two decades. Oh, why did that disconnect i'll fix it i'll fix it? Oh there it is uh, that's crazy! Wow, so much for amazon under 3000, the things like 2600 now i mean google's about to be more expensive than than amazon, wow yeah, i'm sure amazon included rivian, but and it wasn't like broken down on the uh preview here, let me see if we could just Click on it yeah they were expecting a gain of and 36 cents per share, and they came in with a loss of 7.56.

That's bad and remember: these are all numbers from before, like these are numbers from january to march, see if i can get in the amazon filing, let's listen in the cmc for a second based revenues, down 48 year-over-year led by a 73 drop in equities, crypto and Options also lower uh, really tough comps. Here, of course, given the mean stock mania that unfolded in the first quarter of last year, uh net cumulative net cumulative funded accounts did increase to 22.8 million. That's up uh 27, primarily driven by crypto currencies. The company says, and up uh 22.7 in the last quarter, so a gain of around 100 000 accounts, although they did see monthly active users decrease by 10 uh for this quarter and you're.

Looking at shares of robin hood. Reversing today's gains down about eight percent here in extended trade and, of course it's been a tough couple of months. Oh, you want to know why amazon went so dark rivian at least part of the reason i got it. That's crazy.

Net loss was 3.8 billion in the first quarter, compared with net income of 8.1 billion in the first quarter of 2021. First quarter, 2022 net loss includes a pre-tax valuation loss of seven point: six billion from our investment into aribian wow wow yeah. I that has got to go on twitter, that's so crazy. Amazon loses 7.6 billion dollars in q1, 2022 from investing in riven.

Well i mean, i guess, that's recognizes a lot or or well. It's not really recognizing it's. Just they mark to market right is what they're doing amazon reports loss of 7.6 billion dollars in q1 from investing in ribbon yeah there we go. That's true, wow, okay, let's listen to the amazon talk online stores as a whole also came in less than the street was expecting.

Also, i want to flag subscription services because remember scott and dan that amazon raised the price of its prime membership last quarter. That was also light coming in at 8.4 billion dollars. 8.6 is what the street was looking at advertising as well, i mentioned this is the metric that they recently broke out. Higher margin business like aws.

That was also a little light. 8.2 was expected coming in at 7.9 growth still of 25 year over year, but you see that mix cloud still very much that bright spot all right, dee. Thank you. You have a reaction to that.

You want to answer that direction. Cloud is the ultimate key to the story. I mean very similar, but slowing right growth is slowing, yeah but relative to the numbers. If you look at what's happening on cloud, we are still relative to what people expected that they thought it would de-sell significantly.

It shows you combine that with what we saw with google and microsoft. The digital transformation cloud story across enterprise is robust. Imagine if everybody who invested in amazon uh canceled their amazon prime subscription, as like, like frustration for the stock going down, the stock, would just end up coming down more next quarter. Assuming there are that many shareholders, but uh anyway, i don't know i'm just feeling a little nonsensical.

He stopped being silly all right. What other earnings do we have here? Huh intel beats but misses on guidance. Oh yeah, okay. Well, we talked about that.

That was a slight beat. Did we i don't know so. It's 18.18 billion in in revenue, uh expected was 18.46. Their margin came in at 52 as expected for the fiscal year gross margin, all right, yeah, uh, actually uh.

The amazon report didn't suggest that uh consumer spending had gone down. Let me go back to it it it mostly. It seemed like it was honestly the loss. Well, i can't say mostly, obviously they still missed too, but a substantial portion of their loss was rivien.

But let me see here i'll tell you, let's look at it again: okay, so the q2 net sales forecast missed right and that was a 116 billion dollar guide versus 121 to 125 yeah. I guess net sales miss. How much do they miss. I don't think uh their guide was about 123 coming in about 116., that's a miss of yeah, okay, all right five and a half percent drop in in sales.

That's still something! That's true, you're right about that. Let's just know what they're saying about roku remember: they went up first and then they went straight down three million. The addition of 1.1 million active accounts in the quarter and scott just because we have been talking so much about supply chain disruptions, just want to point out here, um that they note that ongoing supply chain disruptions contributed to increased ustv prices, resulting in industry-wide tv unit Sales that were below 2019 and that their player unit sales remain remained above the 2019 levels, but we're still down 12 year over year. So they are filling feeling.

The pinch there as well and we see shares, are pretty much flat, they're flat because you know as you're giving this report julia and i'm i'm so glad that it's you doing it because you cover netflix as well, and all i can think about is - is this More evidence that it is a netflix, specific issue that was affecting netflix when you hear these kinds of numbers and if you want to go anecdotally from others too, maybe you can come away with that conclusion. What's your own take well look. I do think it's interesting. Just to dig into this report here, they note that um year over year, net ads moderated given the end of government stimulus payments that serve to temporarily drive discretionary consumer spending in the first quarter of 2021..

So i think it's worth noting that they are facing some of these macroeconomic issues as well, but also remember scott, that roku sold off so much in the wake of those netflix earnings results. There was so much concern after netflix's earnings that it could be just a bloodbath for the rest of the streaming sector. I think we are seeing some of these other pressures, but netflix is unique in that it was a first mover and it is so much more saturated than the rest of these players and also doesn't have the ad supported business, which helps moderate things a little bit. It i mean look when you look at the stock.

Someone here says: amazon's guiding to a potential one billion dollar loss next quarter makes sense because rivien so far in april, you know the first four weeks has gone down more, so that doesn't make sense. These stocks have come down as we're looking at the numbers and looking for the reaction, and you know seeing what's what and saying uh you know, this thing was almost 500 bucks like netflix, which was like 700 bucks not that long ago. I think that's why you have to also look at have and have knots in terms of tech you're, starting to see a picture now painted enterprise software semis strong, not swollen, consumer work from home, pull forward swelling and i think what's important is bifurcation. I think i think you see it today in terms of tech and the qualcomm numbers as well you're, starting to see that fork in the room for tech, but what i do believe the weeds tech higher is cloud.

It's soft, it's semis and what we saw here even on the amazon number, that's important for the broader tech side. Do i need to be worried. Um you've mentioned consumer being weak as it relates to tech. Do i need to be worried about what's going to cross the tape in a matter of moments, aapl, better known as apple? Look, i think cupertino, even despite what we're seeing on demand as well as on supply.

You know, overall, on the consumer side, i think it's a beat in terms of iphone numbers, and you know you take out about 15 million iphones that really gets stripped away because of the supply issues that continues to be a rock of gibraltar stock, and i believe That print is going to be important, not in just in terms of the supply side demand are we continuously demand on iphones? That's a telling tale, yeah, shannon! You want to give me your read here now that you've had a chance to see these numbers come out. You've heard the analysis from our own experts. What's yours yeah i mean i think the roku store is particularly interesting, because i think you touched on a really important point being an owner of netflix. As you know, i am.

I think that the direct-to-consumer story is fully analyzing each other, and so it actually speaks to uh. You know rocco being successful going forward because you are going to have a number of these streaming apps. The other thing i would mention is just if you think about what we're seeing from a consumer perspective, it's how the consumer is spending and what they're spending it on, and i think it sort of speaks to this uh transition over to services and so it'll be Really interesting to see these numbers come out in other ways later in the quarter in things like apparel um, as we determine if there's actually, this shift from goods to services spending against them right, uh, let's shift from goods and services or shift from goods to services. A big thing that a lot of folks have been talking about, but really it's usually only about a two percent shift in gdp uh, but anyway, uh yeah reports coming in that amazon drops ten percent on earnings after being slammed by rivian stock decline and inflation exposes Risk of low margins, although sales of the cloud computing business jumped 37 percent those uh, the challenge for amazon will be to retain its workforce, whose compensation is largely tied to amazon's stock price.

If investors sour on the stock keeping customers happy with the money losing business is a dangerous proposition. If it compromises employee compensation, amazon will have to convince investors. The money losing quarters will only be temporary and will be able to make its network more efficient and cut expenses. All right, let's see what they're saying about robinhood scott.

You know the last couple weeks. What have i been buying and talking about on half halftime i've been buying names like walmart. I am not going in i'm not looking at names where the high p valuations have been present for many years. They benefited from the pandemic and they've fallen so dramatically.

I just don't think those names are coming back anytime soon, all right, i want everybody to stand by because we do have apple earnings on deck. The company out with results in just moments we're going to take a quick break, we're going to get set up for all of that yeah when they say just moments. It's yeah like eight minutes and 30 seconds yeah exactly i. I always wonder: why does apple have to make us wait, come on apple, you suck, they always want to be special, although so does berkshire hathaway.

Do they do earnings on like saturdays kind of crazy, but maybe it's a good thing gives people a chance to read it. I mean based on what secretary marcus is saying, they're they're already starting to do it. My worry is that they've learned to use this through executive order to tell the press and the search engines the googles, the alphabets of the world - hey, you can put this out. You can't put this out.

Don't prioritize this prioritize that, because, in the world of alphabet, you can go and make sure that nobody ever sees that website. Even oh yeah, it's still there, you can still find it. No, you can't, if you're, not in the first few pages on the google search nobody's going to find you. So is this soviet style disinformation board? Is this a response to you on twitter, good old information board? I love how you go to fox business and it's it's almost always politics, oh well! So uh.

Let's take a look at some of the uh price action here or we wait for apple results on deck in about seven minutes, a firm popping up a little bit right now, so it's actually amazon. Look at that amazon recovering a bit from its fall over here is that by the dipping, let's go to roku. They started going up yep! Look at that! Okay! So that's not so bad! It's like getting slightly better, maybe unlike robin hood kali down at uh 929 right now. Is that all-time low? Oh wow, it is folks wow charted all-time low is 9.26.

It was at 905 at a low point here: wow yeah roku average revenue per per user over 12 months 42. So if you use roku, they make about 42 off of you and 91 cents over 12 months. All right i mean i guess that pays back for a computer at some point. Roku sees q2 net rev estimated estimate yeah, that was uh 826 and it came in at 805..

That was the issue i want to see if they're still going to do the in-house manufacturing of tvs. I think that's a terrible idea like getting into the tv business uh robin hood goes bankrupt. Will funds be forced in danger yeah, so you get what's known as sipc insurance uh. That covers you up to five hundred thousand dollars yeah.

If you have more than that in robin hood, you're uh reliant on robin hood, actually paying its obligations and doing the right thing unless they lose it all yolo options for robin hood, all right, we're now five minutes away from apple. Let's listen in for a little bit longer. Finally, can we put to rest the idea that you should buy a stock strictly because it splits because march 9th or 8th when they announced it, the stock ran and popped right to 2 900 people were buying it on that basis, and here we are. Let me correct something that i said as well.

I think i said that intel missed, and that was the reason why the stock was down. They actually beat. It was the guidance that was weak, so i just want to make sure everybody is on the same page, including me uh, so that stock uh, as we show amazon, is eight percent uh dan ives. The split mike brings up a great point, but what happens now? It's all about sort of whether you've opened up the playing field to more players.

No, no, i mean look you're not buying a stock because it splits as mike talks about obviously from a retail perspective. We've seen that, especially with big cap tech, but but ultimately it just shows, fundamentals are going to dictate where stocks go. But when you look at what we're seeing with the stock splits that becomes a high-class problem because they're they are splitting because ultimately, during the pandemic, the strong got stronger. That's why we're sitting here with stock splits across the board? All right.

We are just moments where we'll be back with mike santoli. Obviously, before the end of the program, apple's number is expected to hit the tape in just a few moments. We're going to take a quick break, we're going to come back and get you set. I don't have a quick give 122 billion dollars to the department of education, the argument whose ad is better the education ad right there or the pitch that if you want to stream multi-stream, if you wanted to - and you want to throw comments up on screen or Use banners make sure to check out medkevin.com streamyard and thank you to our sponsor streamyard for today met kevin.com, streamyard, okay, three minutes three minutes and we'll have apple.

Let's talk a little bit about the apple forecast. How about that? So, let's see what apple is forecasting. It's gon na be a big deal. Stimmy money was never gon na be permanent.

Why do you think companies expect such high returns yeah? Well, sometimes, people have a misimpression of you know what earnings are gon na, be that's not only about companies but also applies to humans. Some people a little entitled all right. So we got a six percent implied movement on apple folks, holy moly. You have a forward 12-month pe ratio of 26.

It's actually not that bad. I mean if we take 163 divided by 26., it's about a forward pe of about 6.27. That's actually not bad at all. Wow! That's great! Oh well! Uh anyway, they're expecting this is the number you're gon na look for okay, they're, expecting 93.8 billion of revenue.

Here you know what we'll write it down. 93.8 bill revenue, apple expectations: we've got of 3135 eps adjusted and gap, both of them 142.. Okay, there you go all right: 90 seconds left purple, let's see if we can beat um. What's it called uh cnbc, i love beating them one minute, all right.

Let's listen price target most important thing: china, china and china. China is the key of the story from production demand perspective, but also services. I do not think china is going to do well. The key here for apple chinese revenue, right by about 15 for apple cook, of course, on the call we'll talk about supply chain that could ultimately be cautionary in terms of the guidance but ultimately, like i talked about.

I believe this continues to be a bedrock name and ultimately will lead. Tak higher. The big technology founder, alex kantrowitz is with us as well he's a cnbc, contributor and again take a look at apple shares ahead of the report. I misspelled ebitda on screen.

It says whatever y'all know what it is all right. Folks, eight seconds come on: let's see it, let's see a bigger number than uh wait. I thought it was 93 not 23.. Anyway, i'm pretty sure it's 93 was the rate apple q2 sales, 97.

uh. Three: the net was 25, it's a double, beat top and bottom beat uh iphone beats uh by uh by over a billion dollars of a beat on iphone 50.57 bill mac revenue. Uh beats by over a billion dollars. Services revenue beats by by a fraction, but it's still a beat chinese revenue up.

3.5 percent year-over-year wearables slightly down fraction down ipad revenue, beats holy crap apple, don't bet against apple, oh, my god, wow uh, rest of the asia pacific region, seven bill uh! I mean it's: it's a beat across the board. Everything beat eps comes in at 142. Uh! Sorry, 152: instead of the 152, he wrote down there. This is incredible uh and i meant to write 93 billion there, but i wrote 23 but like a dummy, but whatever um, wow, 97.28 billion versus the estimate of 93.8.

This is really good wow. I can't believe these companies just keep uh apple in the after hours now sitting about three percent up three point: seven three point: eight percent up sitting at about one sixty nine holy moly molly, molly molly. So what else here board authorized increase of 90 billion to share buybacks wow uh? I mean this is this? Is awesome? Watch it'll end up going negative tomorrow, but that's really cool, so dividend 23 cents. The estimate was for 24., hmm eps yeah.

We talked about eps, iphone, beat mac, beat service, beat ipad b. Wearables was the slight miss apple stock, outperforms competitors yeah what duh it's insane! I'm gon na i'm gon na scroll through the uh actual earning stock myself, but yeah. This is this is a really really good move here. Hell yeah, that's good for the market apple.

This quarter record results are a testament to apple's relentless focus on innovation and our ability to create the best products and services in the world. We're delighted to see a strong customer response to our new products as well as progress we've been making to become carbon neutral across our supply chain and products by 2030. We are as committed as ever to be a force of good in the world, both in what we create and what we leave behind. We are very pleased with our record business results for the march quarter as we set an all-time record for services and march quarter.

Revenue records for iphone mac, wearables and home accessories. Continued strong customer demand for our products helped us achieve an all-time high for our installed base of active devices. Our strong operating performance generated over 28 billion in operating cash flow and allowed us to return nearly 27 billion to shareholders during the quarter. Wow, that's insane, it's just so good such a good earnings release.

Okay, so looking at the actual report, we've got uh product sales. Seven yes, 77 versus 72 billion from from last year, services, sales, 19.8 versus 16.9 last year, wow, incredible r d, also up 6.3 bill versus 5.2, really really good, uh apple cfo, says mac is doing incredibly well in spite of supply chain challenges. Uh. We now have more than 825 million ipad customers across the services platform.

The war in the ukraine has affected uh march and it will affect more during the june quarter. Okay, so there will be a hit from the war. We would expect uh and a bigger hit in the next quarter. Unfortunately, and they don't generally give much guidance, but i mean that's: that's a little bit of a tell there uh stock, only up about 2.2 percent, not a surprise apple, doesn't do guidance.

That's the most. You get from apple as i'm saying that uh about the next quarter in terms of uh ukraine impact they give you the bad. I guess that's all right, that's fair! This is really good yeah. They killed it really good report.

Okay! Well, i like that. I mean amazon got hit by rivien that uh, okay, whatever uh sales, went down about five and a half percent. Their forecast went down about five and a half percent. So that's not.

I mean it's, it's definitely something, but we've kind of been expecting an e-commerce relaxation right and uh. You know stay-at-home stuff, uh, not a surprise. You can see some of the pain has already left the market. This apple beat, i think, really helped here.

This is a really incredible, beat uh yeah, look at that qqq and after hours already popping back up so wow really really incredible. Well, there you go uh, you know what, if you're an apple stock, make sure you now treat yourself to the programs on building your wealth link down below, because we just started a new coupon code as soon as we hit the zero percent on the fibonacci and Guess what the new coupon is. It is back to the moon because i think the next 30 days - i'm this - is uh very, very exciting uh and these apple earnings reaffirm the strength of our consumer. I think we've got so much bad news behind us now.

Uh, you know it's, it's not a surprise to me: stay at home e-commerce brokerage revenue like robinhood. It's not a surprise. We've been talking about that for three months: e-commerce, consumer discretionaries, uh brokerage revenues, uh fintech, i mean how many times i've been asked about paypal - and i know they did well in earnings yesterday. But again they popped off like a pure, basically collapse, uh, but still how many times we've talked on the channel about uh, together with you in the comments and everything about fintech about consumer discretionary, it's uh, just heads up, uh and - and you know, what's also kind Of crazy is one of the things that i said is the consumer.

Discretionary that would get hit last are going to be things like apple and tesla. The ones that are probably going to get hit more are going to be the lower income consumer discretionaries, the nike. The lululemon, the under armour, you know the things that that unfortunately uh poorer individuals can afford themselves the luxury of, but not all poorer individuals can afford a tesla or an apple. And what did visa? Tell us visa told us that the affluent customers are the ones spending the money they're, the ones keeping spending up.

So keep that in mind in your portfolio. It's exactly what we've been talking about anyway. Uh. Thank you.

So much for being here and uh yeah dude come on man. 50 basis points is already priced in bro man. This is this old news like putting me to sleep with 50 bp, like please, tell me something that i haven't heard before fed like you got anything else to give us, because you know when you get beat up so much it's just like it's like really. That's! That's that's! What's left of your punch, you j pal you're, getting a little weak there with the hands.

You need to take a little nappy, doodle.