Fast Money Blog- 4/30/2021
This week several major companies posted their earnings, including Microsoft Corporation (MSFT), Pinterest, Inc. (PINS), Advanced Micro Devices, Inc. (AMD), and Apple, Inc. (AAPL).
Here are the results from Tuesday, April 27th:
Pinterest reported Q1 2021 earnings that beat expectations, but missed on user growth.
Top line revenue was $485 million, a growth of 78.3% year-over-year. Revenues from the United States increased 64.6% year over year to $390 million. Meanwhile, international revenues soared 171.4% year-over-year to $95 million.
Monthly active users (MAUs) increased 30% from the prior-year quarter to 478 million globally. However, in mid-March the company began to see signs of less engagement and user growth, raising questions about its future after Covid when people begin to spend less time online.
After these quarterly earnings Pinterest stock makes a great date for investing or trading.
Microsoft released Q3 2021 earnings with top-line revenue of $41.7 billion, an increase of 19% year-over-year. This is amazing!
Segment revenue broke down like this:
The More Personal Computing unit, which includes Windows, gaming, devices and search, had $13 billion in revenue, up almost 19% year-over-year.
If you recall I’ve been talking to you about how profitable the Microsoft cloud business is and will continue to be. Check out these results: The Intelligent Cloud segment, which includes server, and enterprise products and services, had revenue of $15.1 billion, up 23% year-over-year. The high point was Azure's revenues, which surged 50% year-over- year.
In the productivity and business processes segment, which includes Office, Dynamics and LinkedIn, revenue came in at $13.5 billion, up 15% year-over-year. Microsoft 365 consumer subscribers were up 27% year over year.
Once again, after these quarterly earnings MSFT makes a great date for investing or trading.
Advanced Micro Devices announced revenue for Q1 2021 of $3.4 billion, up 93% year-over-year.
Computing and Graphics segment revenue was $2.1 billion, up 46% year-over-year and 7% quarter-over-quarter primarily driven by Ryzen processor.
Enterprise, Embedded and Semi-Custom segment revenue was $1.3 billion, up 286% year-over-year and 5 percent quarter-over-quarter. This year-over-year increase was driven mostly by higher semi-custom product sales.
AMD is a shining star and yet another great Wealthy Investor date for both trading and investing.
On Wednesday, April 28th, Apple posted earnings from Q2 2021. Revenue came in at $89.5 billion, up 54% year-over-year on strong hardware sales in the quarter. iPhones were the biggest driver of growth with $47.9 billion in sales helped by the release of the iPhone 12. Sales of Macs came in at
$9.1 billion, up 70% year-over-year.
The fear for Apple is that a lack of available semiconductors (coming out of China) could slow the company’s ability to get products built and into consumers’ hands.
That said, Apple is yet another great Wealthy Investor date.
Here is why many of these stock prices may not be going higher within the next 6 weeks: Institutional traders and investors are still fearing a rate hike by the Federal Reserve within the next 6 months. Because of these institutional fears, stock prices might remain neutral in the foreseeable future.
Put your financial education to work by learning how to trade covered calls and set up bear call spreads to consistently produce monthly income at lower risk.
Stay Open! Stay Disciplined!
Tyrone Jackson, The Wealthy Investor