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Chevron reported better than expected second quarter earnings Friday. With oil and natural gas prices at significant highs we look at capital spending and Noble Energy acquisition updates. Fellow oil major Exxon also reports Friday.

Oil giant ExxonMobil reported better than expected second quarter earnings Friday as oil and natural gas prices hit long term highs after the Covid pandemic. The chemical segment hit record profits with surging plastic prices.

Retail monster Amazon.com reported June quarter earnings Thursday,first report since founder Jeff Bezos stepped down, beating on earnings but missed on revenues. $AMZN stock tumbled after they guided much lower than  expected. Q2 midline revenue of $109BN is projected to grow  the slowest in the past decade.

Social media beast Facebook reported better than expected second quarter earnings after the close Wednesday. $FB stock lost around 4% after guiding total revenue growth rates to decelerate significantly on a sequential basis. Sees itself transitioning from a social media company to a metaverse company in coming years.

Amgen today announced it will acquire privately held, clinical stage biotechnology company Teneobio in a deal that includes a $900 million upfront cash payment, plus future contingent milestone payments. Complements $AMGN Antibody Research Capabilities Across Therapeutic Areas.

Internet giant Alphabet, owner of Google reported huge beats in second quarter earnings after the close Tuesday. Google advertising, which includes search and YouTube ads, exhibited accelerating momentum again as did cloud and YouTube revenues sending $GOOGL higher.

Advanced Micro Devices report Q2 earnings after the close Tuesday. AMD has benefited from the Covid-19 work from home demand for loud computing data centers and increased PC sales. Analysts looking for a closing date for the Xilinx acquisition

Consumer electronics giant Apple reported strong June quarter earnings Tuesday. All Apple's major product lines grew over 12% on an annual basis. iPhone sales increased nearly 50% BUT chip supply constraints could impact iPhones and iPads this quarter.

Software giant Microsoft reported boom Q4 2021 quarter earnings Tuesday after the close. The Azure public cloud for hosting applications and websites still accelerating. Productivity and business processes and More Personal Computing also excelled.

Tesla reported better than expected Q2 earnings after the market close Monday. $TSLA covered what the analysts focus was on, from Bitcoin, battery, supply chain shortages to CEO Elon Musk's strategy. To be prepared we go into depth in the key areas to watch for.

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