Earnings Reports

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Consumer electronics giant Apple reported better than expected june quarter earnings Thursday. Revenue from iPhones rebounded. $AAPL revenues increased 11%, despite the COVID-related supply chain disruptions.Apple also announced 4-for-1 stock split

Social media company Snap, owner of Snapchat plunged 13% Tuesday after missing second quarter earnings expectations with another large net loss. $SNAP has been a great reminder of risk, herd mentality and like MySpace the perils of betting on social media longevity.

Oil and gas servicing giant Halliburton reported better than expected second quarter earnings Monday before the market with a surprise profit in Q2. $HAL's aggressive approach to cutting costs flowed through. $HAL is ahead of Schlumberger's report

Streaming giant Netflix reported worse than expected second quarter earnings missing analyst expectations on earnings per share but beating on revenue. $NFLX fell more than 12% after hours on weak subscriber growth guidance for the third quarter.

Goldman Sachs, America's largest investment bank reported much stronger than expected second quarter earnings before the bell Wednesday. $GS bond trading revenue surged almost 150% to $4.24 billion, and equities trading revenue rose 46% to $2.94 billion.

Wells Fargo reported worse than expected Q2 earnings before the bell on Tuesday with its first quarterly loss since the Great Recession. $WFC reported along with JPMorgan $JPM

JPMorgan Chase, America's largest bank reported better than expected Q2 earnings Tuesday before the open. $JPM bond and equity trading revenue surged 79% to a record $9.7 billion. Citbank and Wells Fargo also reported Tuesday.

FedEx reported a huge beat in second quarter earnings after a series dissappointing earnings affected severeing  its Amazon  contracts. $FDX was up over 8% after hours. FedEx had been wounded by a slow European economy but is benefiting from the stay at home world at cheap het fuel and diesel.

With the Covid-19 crisis US consumer has gone on-line, we know that from Amazon (AMZN) and Walmart's (WMT) online segment and we see the same with Big Lots. With record unemployment also making consumers price conscioss the discount and closeout retailer $BIG guided earnings sending the stock soaring 32%

Nike reported a surprise loss for the quarter May 31 2020 after the close Thursday. $NKE saw strong digital revenue growth but gross margin pressure and selling and administrative expense gains with inventory buildup hurt results.

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