Reply To: Traders Market Weekly: Market Corrections, When the Rubber Meets the Road

#36036
Truman
Participant

Meta Platforms (FB 203.68, +28.73): +16.4% after beating EPS estimates, reporting an average of 1.96 billion DAUs for March — an increase of 4% year-over-year, and lowering its FY22 expense guidance. Note, the company missed revenue estimates and guided Q2 revenue below consensus.
Qualcomm (QCOM 144.80, +9.70): +7.2% after beating top and bottom-line estimates and guiding fiscal Q3 EPS and revenue above consensus.
McDonald’s (MCD 252.00, +4.86): +2.0% after beating top and bottom-line estimates.
Merck (MRK 86.40, +1.99): +2.4% after beating top and bottom-line estimates and raising its FY22 EPS and revenue guidance to in-line with expectations.
Amgen (AMGN 235.92, -12.87): -5.2% despite beating top and bottom-line estimates. Amgen received a notice of deficiency from the IRS for the 2013-2015 period. The notice could result in additional federal tax of approximately $5.1 billion, plus interest, and penalties of approximately $2 billion.
Caterpillar (CAT 210.01, -3.95): -1.9% despite beating EPS estimates.
Teladoc (TDOC 32.40, -23.59): -42.1% after issuing downside Q2 and FY22 revenue guidance and lowering its FY22 adjusted EBITDA guidance. TDOC beat EPS estimates.