Fast Money Blog -10/29/21
What a week for earnings in the stock market! Here’s how it broke down:
On Tuesday, October 26th, Advanced Micro Devices, Inc. (AMD), Visa, Inc. (V) and Microsoft Corporation (MSFT) released earnings.
AMD reported Q3 2021 top line revenue of $4.31 billion, an increase of 54% year-over-year. On a quarter-over-quarter basis, the top line increased 12%. This increase in the top-line, was driven by higher revenue in both the Computing and Graphics segment and Enterprise, Embedded and Semi-Custom segment.
The Computing and Graphics segment revenue was $2.4 billion, up 44% year-over-year and 7% quarter-over-quarter.
Revenue for the Enterprise, Embedded and Semi-Custom segment, was $1.9 billion, up 69% year-over-year and 20% quarter-over-quarter.
Visa’s Q4 2021 earnings report posted top-line revenue of $6.52 billion, an increase of 29% year-over-year. This brings their 2021 full year revenue to $24.06 billion, a 10% annual gain.
Payment volume for Q4 2021 increased 17% over the prior year. Additionally, total processed transactions for the quarter were $45.3 billion, a 21% increase year-over-year.
Microsoft Corporation’s Q1 2022 earnings report was outstanding. The company reported Q1 2022 top-line revenue of $45.32 billion, up almost 22% year over year, representing the fastest growth since 2018.
Microsoft’s Intelligent Cloud segment (which includes the Azure public cloud) brought in $16.96 billion in revenue, which was up 31% year over year.
The Productivity and Business Processes unit, which includes Dynamics, LinkedIn and Office, contributed $15.04 billion in revenue, up 22% year-over-year.
On Thursday, October 28th, Apple, Inc. (AAPL), Starbucks Corporation (SBUX), and Mastercard Corporation (MA) released their earnings reports.
Apple reported Q4 2021 earnings (covering the months of July, August, and September) with top-line revenue of $83.4 billion, up 29% year over year.
Here is the full breakdown for the fiscal Q4 2021.
$38.87 billion: iPhone (up 47% YOY)
$9.18 billion: Mac (Up 1.6% YOY)
$8.25 billion: iPad (Up 21.4% YOY)
$8.79 billion: Wearables, Home, and Accessories (Up 11.5% YOY)
$18.28 billion: Services (Up 25.6% YOY)
Starbucks released Q4 2021 earnings with top-line revenue of $8.1 billion, up 22% year-over-year.
The company’s North American segment grew 37% year over year due to a 22% quarterly increase in company-operated comparable store sales.
On a more positive note, Starbucks® Rewards loyalty program 90-day active members in the U.S. increased to 24.8 million, up 28% year-over-year.
However, due to the continuing Covid pandemic, revenues for the International segment grew only 3%, year over year, with China sales decreasing 7%.
Mastercard reported Q3 earnings with their top-line revenue climbing 30% year-over-year to $5 billion.
The company also saw gross dollar volume up 20% and purchase volume up 23%, year-over-year, respectively. More importantly, cross-border volume growth was up 52%, representing a return to pre-pandemic levels; cross-border spending occurs between parties originating in different countries from one another.
This is an exciting time to be a stock market trader and investor. Stick with these six winning stocks, as their calendar year 2021 results are/will be explosive.
I expect all of these companies will deliver impressive year-over-year revenue.
Tyrone Jackson, The Wealthy Investor