Welcome Back,

Big tech earnings continue!!

Market Headlines 👀 

• US Federal Reserve left rates unchanged yesterday, but indicated a rate cut in March may not happen.

• US weekly jobless claims come in at 224k; est: 212k.

• Bank Of England announces they will leave their rates unchanged once again.

• Alphabet (GOOGL) announces generative AI features being integrated into Google maps to enhance discovery and usability of the tool.

• Meta Platforms (META) announces first ever dividend and increased buyback plan; stock sees huge pop after hours with a massive earnings beat.

• Amazon (AMZN) launches AI powered shopping assistant called Rufus.

• New York Community Bank (NYCB) announces a big revenue miss yesterday sparking small banking fears once again; real estate loans being a main driver to the losses.

• Docusign (DOCU) bankers at JP Morgan are engaged in discussiong to provide financing for a potential $13b buyout of the company.

• Deutsche Bank announces mass layoffs affecting about 3,500 employees of the bank.

• Okta (OKTA) announces a 7% layoff affecting about 400 people in its workforce.

• Zoom (ZM) announces it will be laying off about 2% of its workforce.

Earnings 💸

• Apple (AAPL)

  • EPS: $2.18 beats (exp. $2.10)

  • Revenue: $119.6b beats (exp. $118.3b)

• Facebook (META)

  • EPS: $5.33 beats (exp. $4.97)

  • Revenue: $40.1b beats (exp. $39.2b)

• Amazon (AMZN)

  • EPS: $1 beats (exp. $0.80)

  • Revenue: $170b beats (exp. $166.3b)

• Atlassian (TEAM)

  • EPS: $0.73 beats (exp. $0.63)

  • Revenue: $1.06b beats (exp. $1.02b)

• Peloton (PTON)

  • EPS: $-0.50 beats (exp. $-0.56)

  • Revenue: $743.60m beats (exp. $734.4m)

• Royal Caribbean Group (RCL)

  • EPS: $1.25 beats (exp. $1.13)

  • Revenue: $3.33b misses (exp. $3.36b)

SPX Heatmap 🔥 

Recap Around the Street 🧠

Meta earnings snapshot (contributed by Brad Freeman @Stockmarketnerd):

Amazon earnings snapshot (contributed by Brad Freeman @Stockmarketnerd):

Market Preview 🎞️

• Friday, February 2nd: Non-farm payrolls data; factory orders; durable goods

• Friday earnings: Exxon Mobil (XOM), and Chevron (CVX)

• —> Podcast spotlight: Pounding the Table 👊 : listen now; where you will find in-depth analysis around these highlights, read company deep dives, and interviews with public CEO's!

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That’s all for this week, folks! We’ll be back around the same time Monday with a curated list of important news, economic data and market highlights. 

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