📈 Stock Market Today: Asian markets slide 4.0% and futures slightly lower, Big Tech earnings this week
Here's what is happening in the markets today, Monday, July 26th:
- Futures slightly lower after big drop in Asia overnight. Hang Seng Index down -4.0% after concerns over Chinese government crackdowns in property and education sectors. There was also a meeting beet U.S. and Chinese officials that got off to a rough start.
- The focus this week: Tech earnings - Apple, Alphabet, MSFT Tuesday, Google FB, Amazon later)
- According to Factset, 88% of S&P 500 companies have reported a positive EPS surprise and 86% have reported a positive revenue surprise, if it stays at 88%, highest since FactSet began tracking this in 2008.
- Hasbro (HAS) up almost 4.0% pre-market after reporting 1.05EPS vs. 0.47est with rev beat. Film and tv toys helped the company's post pandemic numbers with the profits related to Dungeons & Dragons and Magic the Gathering.
- Lockheed Martin (LMT) down -1.0% pre-market after reporting an revenue beat but earnings per share that was a penny lower than expected. LMT raised its full-year guidance.
- Philips (PHG) down -5.6% pre-market had an earnings beat helped out by its hospital equipment that is still in demand for Covid related hospitalizations.
- Amazon (AMZN) ready to accept bitcoin? There are rumors that amazon is moving forward with accepting BTC as payment AND considering its own digital token. And a recent Amazon job posting for "cryptocurrency and blockchain lead" is creating a bit of buzz.
- Bitcoin rally above 39k for first time since mid-Jun.
- Tenet Music Entertainment (TME) plunging -13.0% pre-market after regulators prevented the company from holding exclusive rights to online music.
- The focus this week: Tech earnings - Apple, Alphabet, MSFT Tuesday, Google FB, Amazon later)
- According to Factset, 88% of S&P 500 companies have reported a positive EPS surprise and 86% have reported a positive revenue surprise, if it stays at 88%, highest since FactSet began tracking this in 2008.
- Hasbro (HAS) up almost 4.0% pre-market after reporting 1.05EPS vs. 0.47est with rev beat. Film and tv toys helped the company's post pandemic numbers with the profits related to Dungeons & Dragons and Magic the Gathering.
- Lockheed Martin (LMT) down -1.0% pre-market after reporting an revenue beat but earnings per share that was a penny lower than expected. LMT raised its full-year guidance.
- Philips (PHG) down -5.6% pre-market had an earnings beat helped out by its hospital equipment that is still in demand for Covid related hospitalizations.
- Amazon (AMZN) ready to accept bitcoin? There are rumors that amazon is moving forward with accepting BTC as payment AND considering its own digital token. And a recent Amazon job posting for "cryptocurrency and blockchain lead" is creating a bit of buzz.
- Bitcoin rally above 39k for first time since mid-Jun.
- Tenet Music Entertainment (TME) plunging -13.0% pre-market after regulators prevented the company from holding exclusive rights to online music.