2020 July

31 Jul: Stock market today July 31, 2020

Stock market today

At the close today the US stock market was higher, erasing earlier losses. Dow gained more than 100 points, Nasdaq outperformed gaining more than 150 points.

Stock market today at the close

S&P 500: 3,271.12,+24.90(+0.77%)
Dow 30: 26,428.32,+114.67(+0.44%)
Nasdaq: 10,745.27,+157.46(+1.49%)
Russell 2000: 1,480.44,-14.66(-0.98%)

Tech shares led the stock market higher today. Some of the big tech names had notable gains. Here are some of the tech stocks at the close today:

Facebook, Inc. (FB): 253.67+19.17 (+8.17%)

Apple Inc. (AAPL): 425.04+40.28 (+10.47%)

Amazon.com, Inc. (AMZN): 3,164.68+112.80 (+3.70%)

Commodities

At 4:22 PM ET time today both crude oil price and gold price were higher.

Crude Oil: 40.41,+0.49(+1.23%)
Gold: 1,972.30,+30.00(+1.54%)

Bonds

At 4:24 PM, ET time today the 10-yr bond yield was 0.5360,-0.0050(-0.92%). The rally for bond prices continues and is something to monitor as stocks are at these price levels.

Stock market data: Yahoo Finance

Stocks today

Pinterest, Inc. (PINS) stock surged more than 30%, closing at 34.29+9.10 (+36.13%) on news about a surge in user growth.

31 Jul: Stock market live today July 31, 2020

Stock market live

At 2:40 Pm, ET time today July 31, 2020, the US stock market is moving lower, only Nasdaq has some moderate gains. Small-cap stocks underperform today.

S&P 500: 3,236.14,-10.08(-0.31%)
Dow 30: 26,152.12,-161.53(-0.61%)
Nasdaq: 10,623.91,+36.10(+0.34%)
Russell 2000: 1,466.46,-28.64(-1.92%)

Stock market data: Yahoo Finance

Stocks today

Tech stocks rise today. Facebook, Apple, Amazon are all up, while Alphabet is declining. All these big tech companies reported earnings yesterday.

31 Jul: Alphabet Inc. (GOOGL) stock does not impress with a Q2 decline in sales and earnings

Alphabet Inc. (GOOGL) stock news

“In Q2, Alphabet (NASDAQ: GOOGL) saw a decline in both earnings and sales. Earnings decreased by 27.53% to $7.76 billion, and sales dropped by 6.95% to $38.30 billion. Alphabet reached earnings of $10.70 billion and sales of $41.16 billion in Q1.

What Is ROCE?

Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed in a business. Changes in earnings and sales indicate shifts in a company’s ROCE. A higher ROCE is generally representative of successful growth in a company and is a sign of higher earnings per share for shareholders in the future. A low or negative ROCE suggests the opposite. In Q2, Alphabet posted an ROCE of 0.03%.

Q2 Earnings

Alphabet reported Q2 earnings per share at $10.13/share against analyst predictions of $8.21/share.”

Stock market data: https://finance.yahoo.com/news/roce-insights-alphabet-062853576.html

Alphabet Inc. (GOOGL) stock chart

Alphabet Inc. (GOOGL) stock chart
Alphabet Inc. (GOOGL) stock chart

Stock market data: Stockscharts

31 Jul: Amazon stock gains 5% before hours after posting biggest profit in pandemic

Amazon stock news

“(Reuters) – Amazon.com Inc on Thursday posted the biggest profit in its 26-year history as online sales and its lucrative business supporting third-party merchants surged during the coronavirus pandemic.

Shares of Amazon, the world’s largest online retailer, rose 5% in after-hours trade.

While rival brick-and-mortar retailers have had to shut stores during government-imposed lockdowns, Amazon hired 175,000 people in recent months and saw demand for its services soar. The company said revenue jumped 40% from a year earlier to $88.9 billion.

Amazon had forecast it might lose money in the just-ended second quarter because it expected to spend some $4 billion on protective equipment for staff and other expenses related to COVID-19. It did just that – and still earned $5.2 billion – double its net income from a year prior.

Jeff Bezos, who founded the company in July 1994 and is the world’s richest person, said in a statement, “This was another highly unusual quarter.”

Amazon’s shares have risen by more than 60% this year, adding to the wealth of Bezos, its biggest stockholder. The S&P 500 is virtually flat.

Jesse Cohen, senior analyst at Investing.com, said Amazon’s business model sets it up “to expand its e-commerce dominance even more broadly as the global COVID-19 pandemic continues to flare.”

Online store sales jumped 48% to $45.9 billion in the second quarter. Meanwhile, merchants paid Amazon more to fulfill and sponsor their products in order to reach the company’s loyal customers. That resulted in a 52% and 41% jump in seller services revenue and other revenue such as from ads, respectively.

Amazon’s cloud services also saw higher demand as companies switched to virtual offices in the pandemic. Revenue from Amazon Web Services (AWS), which sells data storage and computing power in the cloud, rose nearly 29% to $10.81 billion.”

Stock market data: https://finance.yahoo.com/news/amazon-posts-biggest-profit-ever-014804379.html

Amazon stock chart

Amazon stock chart
Amazon stock chart

Stock market data: Stocks charts

31 Jul: Apple stock surges 6% before hours after blowout earnings

Apple stock news

“Apple delivers blowout earnings amid COVID-19, market shrugs off iPhone delays.

Apple Inc on Thursday delivered blowout quarterly results, reporting revenue gains across every category and in every geography as consumers working and learning from home during the COVID-19 pandemic turned to its products and services.

The report topped Wall Street expectations, with even long-overshadowed categories like iPads and Macs getting a boost. Shares rose as much as 6% in extended trading after the results.

The fiscal third-quarter results, which included iPhone sales some $4 billion above analyst expectations, came on the same day that U.S. gross domestic product collapsed at a 32.9% annualized rate last quarter, the nation’s worst economic performance since the Great Depression.

Apple Chief Financial Officer Luca Maestri also confirmed supply chain rumblings that the new lineup of iPhones, usually released in late September, would face delays of a few weeks.

But executives predicted continued strong performance from the company’s products.

Other major tech companies Amazon.com Inc and Facebook Inc also posted results that topped Wall Street targets, sending their shares up.

With 60% of sales coming from international markets, the Cupertino, California-based company posted iPhone revenues of $26.42 billion, $4 billion above analyst expectations, according to IBES data from Refinitiv.

In an interview with Reuters, CEO Tim Cook said that after disruptions in April, sales began to pick back up in May and June, helped by what he called a “strong” launch for the $399 iPhone SE introduced in April.

“I think the economic stimulus that was in place – and I’m not just focused on the U.S., but more broadly – was a help,” Cook told Reuters.

The continued growth in services and accessories also showed the durability of the company’s brand, which has prompted investors to view it as a comparative safe haven and pushed up share prices since March.

The company saw strong sales in its greater China region, where aggressive pricing during a June holiday shopping season and lower-priced iPhone SE model released in April helped boost sales 2% to $9.33 billion.

“China remains a key ingredient in Apple’s recipe for success as we estimate roughly 20% of iPhone upgrades will be coming from this region over the coming year,” Daniel Ives of Wedbush Securities said in a note.

Apple also announced a 4-for-1 stock split, saying it wanted to keep shares accessible to a broad range of investors. Shares soared past $400 for the first time Thursday, though they had been proportionally higher before a 7-for-1 split in 2014.

Apple’s fiscal third-quarter revenue and profits were $59.69 billion and $2.58 per share, compared with analyst expectations of $52.25 billion and $2.04 per share.

Sales in its services segment, which also includes offerings such as iCloud and Apple Music, rose 14.8% to $13.16 billion, compared with and analyst expectations of $13.18 billion. Cook told Reuters that Apple has 550 million paying subscribers on its platform, up from 515 in the previous quarter.

Sales in the wearables segment that includes the Apple Watch rose 16.7% to $6.45 billion, compared with estimates of $6.0 billion.”

Stock market data: https://finance.yahoo.com/news/apple-delivers-blowout-earnings-amid-015457090.html

Apple stock chart

Apple stock chart
Apple stock chart

Stock market data: Stockscharts

31 Jul: Facebook stock soars 6% after-hours on a strong beat

Facebook stock news

“Shares in social media giant Facebook (FB) soared 6.5% in Thursday’s after-hours trading after the company reported better-than-hoped earning results for the second quarter.

Specifically, Q2 GAAP EPS of $1.80 beat Street estimates by $0.40 while revenue of $18.69B also topped Street expectations by $1.33B, and was up 10.7% from the same period last year. Ad revenue was also up 10% at $18.32B (vs. consensus of $16.95B)- and Facebook expects a similar strong rate of growth for the third quarter.

Meanwhile daily active users (DAU) surged to 1.79B vs. the consensus of 1.75B- and similarly monthly active users (MAU) of 2.70B easily beat the consensus of 2.63B. That’s with average revenue per user (ARPU) at $7.05, again higher than the expected forecast of $6.63.

Also of note, operating income spiked 29% to $5.96B (31.9% margin), with net income almost doubling to $5.18B thanks to a significantly lower effective tax rate.

Looking forward, FB trimmed its 2020 Opex outlook by $1B at the high end to $52–55B but said its 2020 Capex would be around $16B ($14–16B prior).”

Stock market data: https://finance.yahoo.com/news/facebook-soars-6-hours-strong-053617978.html

Facebook stock chart

Facebook stock chart
Facebook stock chart

Stock market data: Stocks charts

31 Jul: Biggest stock losers for July 30, 2020

Biggest stock losers on July 30, 2020

These are the biggest stock losers, top stock losers at the close of the US stock market on July 30, 2020.

Biggest stock losers on July 30, 2020
Biggest stock losers on July 30, 2020

Stock market data: Investing.com

Stock market

Daily posts about the US stock market, stock news, stocksstock market news, stock market today, investing, and a stock market newsletter, with stocks to buy, stocks to sell.

Trading and Investing

Check this link if you are interested in trading

31 Jul: Biggest stock gainers for July 30, 2020

Biggest stock gainers on July 30, 2020

These are the biggest stock gainers, top stock gainers at the close of the US stock market on July 30, 2020.

Biggest stock gainers on July 30, 2020
Biggest stock gainers on July 30, 2020

Stock market data: Investing.com

Stock market

Daily posts about the US stock market, stock news, stocksstock market news, stock market today, investing, and a stock market newsletter, with stocks to buy, stocks to sell.

Trading and Investing

Check this link if you are interested in trading

31 Jul: Most active stocks for July 30, 2020

Most active stocks for July 30, 2020, US stock market

These are the most active stocks for the US stock market on July 30, 2020.

Most active stocks for July 30, 2020
Most active stocks for July 30, 2020

Stock market data: Investing.com

Stock market

Daily posts about the US stock market, stock news, stocksstock market news, stock market today, investing, and a  stock market newsletter, with stocks to buy, stocks to sell.

Trading and Investing

Check this link if you are interested in trading.