Fast Money Blog- 8/5/22

This week on Tuesday, August 2nd, both PayPal Holdings Company (PYPL) and Advanced Micro Devices, Inc. (AMD) reported their earnings. Here’s how it all shook out:

Advanced Micro Devices (AMD) reported their Q2 2022 earnings with top line revenue of $6.6 billion, an increase of 70% year-over-year.

Major highlights:

The Computing and Graphics segment revenue was $2.1 billion up 25% year-over-year.

Revenue for the Enterprise, Embedded and Semi-Custom segment (which includes their cloud server sales) was $1.3 billion, up more than 2,000% year-over-year.

The company did warn of slower revenue growth over the next 52 weeks because of worsened supply-chain issues.

That aside, based on the astounding revenue increases clearly AMD is a great short-term trade and long-term hold.

PayPal Holdings Company (PYPL) released their Q1 2022 earnings with total revenue of $6.8 billion, a growth of 9% year-over-year. When it comes to online payment processors, remember it is the Total Payment Volume (TVP) that is the most important figure. TPV for the quarter came in at $339.8 billion, growing 13% year-over-year.

In addition, PayPal added 400,000 new accounts in the quarter, for a total of 429 million active accounts as of the second quarter, essentially flat with its first-quarter total but up 6% for the quarter year-over-year.

Even though the shares have fallen off their 52 week high of $296.70 PayPal still makes a great trade and investment.

I’m sure you’ve noticed over the last 30 days that the sock market has begun the process of retracement. I expect the market to slowly rise over the next 90 days. So far corporate earnings on members of the S&P 500 have been outstanding.

Tyrone Jackson

The Wealthy Investor