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AMD.NQ 3.04%
Advanced Micro Devices – Reported quarterly adjusted earnings of 63 cents​​ per share for its latest quarter easily topping estimates of 54 cents per share. Revenue rose 99.3% to $3.85 billion from a year ago; analysts expected $3.62 billion. Advanced Micro Devices Inc’s reported EPS for the quarter was 58 cents​. The company also forecast current-qtr rev above Wall Street expectations as it has averted damage to rev from supply chain disruptions by selling higher-end chips used in servers, PCs and notebooks.

MSFT.NQ 1.33%
Microsoft Corp – Reported sales and profit that easily exceeded analysts’ estimates for a 10th straight quarter, though investor optimism was tempered by concern about slowing growth in the software giant’s Azure cloud-computing business. MSFT reported sales in the fourth quarter climbed 21 per cent to $46.2 billion (U.S.). That compared with the $44.3 billion average estimate of analysts polled by Bloomberg. Net income rose to $16.5 billion, or $2.17 a share, while analysts had predicted $1.92. The software giant’s market value now tops $2 trillion, and the high-flying shares have led investors to expect Microsoft’s results to outdistance projections by a wide margin.

AAPL.NQ -0.75%
Apple Inc – Beat analysts’ expectations posting record quarterly revenue on surging demand for premium versions of its iPhones and subscription services. Revenues grew by more than a third to $81.4bn this quarter, up 36 per cent from last year and driven by better-than-expected iPhone sales. This beat analyst expectations of $73.3bn, as did Apple’s earnings per share of $1.30 per share, which beat estimates of $1.01. It follows record performance in the first and second quarters, when the company broke the $100bn quarterly mark for the first time and then hit $89.6bn. Apple’s sales to China grew 58 per cent to $14.76bn.

BA.NY 4.71%
Boeing Co – Posted its first profit in almost two years, as deliveries of its best-selling 737 MAX jets to airlines gained traction amid a sharp rebound in travel bookings following an increase in global COVID-19 vaccinations. Boeing’s core operating profit was $755 million in the second quarter compared with a loss of $3.32 billion a year earlier. Reported EPS that beat by $1.12 while also beating on revenue. The company said its commercial airplanes backlog grew to $285 billion and added 180 net orders.

SBUX.NQ -3.12%
Starbucks Corp – Shares are lower to start after the company lowered its fiscal 2021 forecast for China sales growth to 18-20% from 27-32% while also dropping international sales forecast to 15-17% from 25-30%. The company said its previous guidance for China had assumed a shorter time frame for the lifting of COVID-19 travel restrictions. Starbucks reported record sales in the third quarter as the impact of the pandemic receded and customers flocked to its stores. Posted revenue that soared 78% to $7.5 billion in the April-June period, an all-time high. That beat Wall Street’s forecast of $7.3 billion, same-store sales jumped 83% in the U.S. in the fiscal third quarter. Starbucks said rural and suburban traffic, which led sales coming out of the pandemic, remained strong, but sales in urban markets also turned positive for the first time since early 2020.

Crypto Stocks – Back on watch this morning trading higher premarket as a group with BTC back above $40000. The gain would signal the digital currency’s longest winning streak of the year moving higher for an 8th straight session. MARA, RIOT, EBON, BTBT, FTFT, SI, SOS, MSTR, COIN

Chinese Stocks – Remain on watch after Chinese listed stocks got hammered again on Tuesday after Hong Kong’s benchmark index extended sharp losses to end at multi-month closing lows, with investors reeling over fears of tighter government regulations. Some 280 Chinese stocks listed on Wall Street have lost almost $500 billion in combined market capitalization in the past three sessions, a drop of about 20%, as a crackdown on private tutoring companies by China’s government adds to already festering fears about an increasingly stiff hand from Beijing. BIDU, BABA, PDD, JD, NIO, LI, XPEV, TAL, EDU, GOTU, DAO, DIDI.

TLRY.NQ 4.16%
Tilray Inc – Trading higher after earnings, reported quarterly revenue that fell short of analysts’ estimates, hurt primarily by COVID-19 lockdowns in its key Canadian market. The company posted a net income of $33.6m in the quarter compared with a net loss of $84.3 million a year earlier. The reported quarter included a one-time adjustment of $19.9 million, resulting from excess inventory quantities due to the Aphria merger. On an adjusted basis, core earnings rose nearly four-fold to $12.3 million.

INFI.NQ 40.13%
Infinity Pharmaceuticals – Reversing a steep decline from Tuesday’s session that followed earnings and news of a capital raise. Citigroup has reportedly taken a position in the company triggering Wells Fargo and Piper Sandler to both increase PTs on the stock.

SPRT.NQ 37.28% Inc – Remains active after four straight days trading higher on increased social media mentions. Message volume related to SPRT stock spikes by more than 21% on trading-focused social media site Stocktwits, with ~98% of messages reflecting positive sentiment.

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