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The week of May 09-13 was bad for Wall Street and definitely did not lack headlines, as Elon Musk just put the Twitter deal temporarily on hold, Ford sold Rivian shares, Disney+ impressed and other news attracted attention
The Walt Disney Company reported strong financial results for fiscal Q2 2022 on Wednesday, with an addition of 7.9 million users in Disney+ and a profit for its Parks (DPEP) segment
The week of May 02-06 marked another busy period, as we had many firms reporting the financial results, including Airbnb, German automaker BMW, European planemaker Airbus, ride-hailing rivals Uber and Lyft and more
The week of April 25-29, is probably the busiest one of this earnings season, as we had a slew of high-profile companies reporting their results, including the rest of the FAANGs - Facebook (Meta), Apple, Amazon, Alphabet (Google)
The retail and tech giant reported poor results on Thursday after market close and posted its first net loss in seven years, weighed by its stake in EV maker Rivian
Facebook parent company, Meta, released mostly mediocre Q1 results after market close on Wednesday, but there were some bright spots that lift the stock
Google parent, Alphabet, is taking a hit as forecast growth rates moderate.
The social media firm announced that it has agreed to be acquired by an entity wholly owned by Elon Musk and become privately held
The market is waiting on an announcement after the Twitter board, and Elon Musk met over the weekend. Twitter is due to report its Q1 results on Thursday.
The US 10 year yield is overbought. So it will be a boon for stocks if it pulls back in the short term.
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