Here are the most important news, trends and analyzes from which investors should start their trading day:
1. Technical pressure advance market on Wall Street; data show that inflation is still high
Traders based on the NYSE, April 28, 2022
Source: NYSE
2. Amazon falls due to the ugly forecast and the slowest growth since the dotcom crash
Andy Jesse, CEO of Amazon and then CEO of Amazon Web Services, spoke at the WSJD Live conference in Laguna Beach, California, on October 25, 2016.
Mike Blake Reuters
Amazon fell more than 10 percent in the premarket after its late announcement Thursday of weaker-than-expected first-quarter earnings and lower forecasts for the future. Revenue for the quarter rose 7% year-over-year to $ 116.4 billion, which is broadly in line with expectations. This was the slowest sales growth in each quarter since the decline of dotcom companies in 2001 and the second consecutive quarter of single-digit percentage growth. The cloud unit of Amazon Web Services was strong again. But it is not strong enough to withstand the country of e-commerce business, which has led to additional costs of $ 6 billion due to rising inflation, lower worker productivity and excessive performance capacity.
3. Apple falls after a warning of a massive blow due to supply restrictions
Tim Cook, CEO of Apple Inc., spoke at the Peek Performance Virtual Event in New York, USA, on Tuesday, March 8, 2022.
Gabby Jones Bloomberg | Getty Images
Apple fell 1.5 percent in Friday’s premarket this morning after a warning that supply restrictions related to Covid could hurt sales by between $ 4 billion and $ 8 billion in the third fiscal quarter. The guidelines overshadowed strong fiscal results for the second quarter, including profits, revenues and gross margin. While analysts were looking for a little more in the services segment, it still reported record revenue. Product sales were a record for March. Investors also received a 5% dividend increase and a $ 90 billion buyback permit. At the end of the quarter, Apple had a net cash position of $ 73 billion.
4. Musk sells about $ 4 billion in shares of Tesla while buying Twitter
Elon Musk sold about $ 4 billion worth of shares in Tesla in the days after his $ 44 billion offer to make Twitter private, according to documents from the Securities and Exchange Commission. Most of the CEO’s sales were made on Tuesday, documents show. Shares of Tesla fell 12% that day, but rose less than 1 percentage point on Wednesday.
After the documents went public on Thursday night, Musk wrote on Twitter: “No more TSLA sales after today.” Shares of Tesla rose more than 1.5% in Friday’s premarket. Shares of Twitter rose nearly 1% to more than $ 49 each, below Musk’s offer of $ 54.20 per share.
5. Chevron, Exxon are declining, despite strong gains from high energy prices
Gas prices are shown at the Chevron station on June 14, 2021 in Los Angeles, California.
Mario Tama Getty Images
Shares of Chevron fell 1% in Friday’s premarket after the oil giant said profits more than quadrupled in the first quarter due to higher oil and gasoline prices. Chevron’s revenue rose nearly 70% to $ 54.37 billion. West Texas Intermediate crude futures jumped to $ 130.50 in early March, a price last seen in 2008 when Russia’s invasion of Ukraine raised supply concerns. Since then, prices have fallen, but are still above $ 100, boosting energy companies.
Gas prices were shown at a gas pump at an Exxon station in Washington on Tuesday, March 8, 2022.
Bill Clark Cq-roll Call, Inc. | Getty Images
Shares of Exxon Mobil fell 1% on the preliminary market after the company announced on Friday that it had taken $ 3.4 billion after taxes in the first quarter in connection with the Sakhalin-1 operation in Russia. Profits doubled to $ 5.5 billion in the quarter. However, profits fell from $ 8.87 billion in the fourth quarter. Revenue rose more than 50 percent to $ 90.5 billion, although this did not live up to expectations.
– CNBC’s Tanya Machel, Jeff Cox, Annie Palmer, Jeff Marx, Keef Leswing, Zev Fima, Laura Kolodny, Christine Wang and Pippa Stevens contributed to this report.
– Called the Woodstock for Capitalists, Berkshire Hathaway’s annual meeting is on Saturday and will be broadcast live on CNBC.com. Chaired by Chairman and CEO Warren Buffett and Vice President Charlie Munger, the Omaha event in Nebraska gives shareholders a chance to hear from the two legendary investors and ask them questions.
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