JULY THE SEVENTH AND LOOKS LIKE
WE HAVE A NICE RALLY MICROSOFT
THE TOP PERFORMER IN THE DOW 30,
TOP LEFT UP $9, BUT WEIGHT IS UP
$5 AND SIGNIFICANT GAIN FOR BIG
NAMES.
S&P 500 THAT IS ALSO OPENING
HIGHER TO THE TUNE OF 1%.
A VERY SOLID GAIN I’M EXPECTING TO SEE THE NASDAQ GOES STRAIGHT
TO SEE THE NASDAQ GOES STRAIGHT
UP, 1.6% HIGHER, THAT IS THE
VALLEY, BIG TECH UP ALL ACROSS
THE BOARD, APPLE, AMAZON IS UP
TO AND HALF PERCENT AND SO IS
META PLATFORMS, ALPHABET UP 4%
MICROSOFT UP THREE AND HALF
PERCENT, LET’S CONCENTRATE ON
ALPHABET THEY DID NOT HAVE A
GOOD REPORT SO WHY IS THE STOCK
UP 5%.
>> THEY MISSED EVERYWHERE THEY
DID NOT LIST IN THE ONE CATEGORY
THAT REALLY MATTERS ADDS, ADD
REVENUE COMING UP STRONG OF
OVERALL REVENUE CAME IN AT
69.7 BILLION THAT WAS THE
SLOWEST IN TWO YEARS THE ADDRESS REVENUE I’M GOING TO SAY FOR
REVENUE I’M GOING TO SAY FOR
ALPHABET RECESSION RESILIENCE.
STUART: HOW ABOUT MICROSOFT THEY
WERE WAY UP THIS MORNING IT
WASN’T A GREAT REPORT BUT THEY
ARE UP BECAUSE WHAT WAS SAID ON
THE CALL.
>> YES THE FORECAST THEY ARE
PREDICTING DOUBLE-DIGIT REVENUE
FOR FISCAL 23 AND ANALYSTS SAY
IT’S MRS. IN THE QUARTER AND
IT’S ALL EXCUSABLE A STRONG
DOLLAR, THE SUPPLY CHAIN
DISRUPTION, IT’S RUSSIA
ACCORDING TO MORNINGSTAR IS
BEYOND MICROSOFT’S CONTROL WHO
CARES IF THEY MISSED ON THE
REVENUE NEARLY $52 BILLION OR
DIDN’T GROW AS MUCH AS EXPECTED,
THERE STILL DOING GREAT.
STUART: THEY ARE INDEED.
HOW ABOUT CHIPOTLE, THE STOCK IS
UP I PRETTY SURE ABOUT IS UP
EIGHT OR 9%.
I UNDERSTAND THEY IMPOSED PRICE
HIKES AND THAT BOOSTED THEIR
PROFITABILITY.
MY QUESTION ARE THEY GOING TO
RAISE PRICES MORE IN THE FUTURE.
>> NEXT MONTH THEY CAN, THE CEO
SAYS WE HAVE A MORE AFFLUENT
CONSUMER, THEY LIKE OUR STUFF
OVER TO HIKE PRICES AGAIN THAT
IS WHY PROFITS INCREASE IN THE
QUARTER, HERE’S ANOTHER BENEFIT
IT MIGHT SEEM COUNTER INTUITIVE
BUT FEWER ONLINE ORDERS SO FEWER
PEOPLE GOING THERE SO CHIPOTLE
DOESN’T HAVE TO DELIVER YOUR
BURRITOS AND THAT PROTECTS THEIR
MARGIN.
YOU COULD SPEND THAT AS A
POSITIVE BECAUSE CLEARLY TO
POLLING BUSINESSES.
STUART: IF YOU ARE NOT
DELIVERING YOU THE RESTAURANT
KEEP ALL THE MONEY.
PAYPAL AND ACTIVIST INVESTOR HAS
REVEALED A STAKE IN THE COMPANY.
IT’S UP 5.8%.
>> ELLIOTT INVESTMENT MANAGEMENT
ARE BUILDING A STAKE TO BE ONE
OF THE TOP FIVE BIGGEST
SHAREHOLDERS WHICH ALSO OWNS
VENMO BECAUSE HE COULD PUSH
FORWARD CHANGES OR MORE COST
CUTS WHICH AREN’T ALWAYS GOOD,
PAYPAL ALREADY LOWERED IT AND
THEY WEREN’T INFLATION IS
HITTING HER CUSTOMER INFLATION
VOLUMES.
STUART: HILTON REPORTED BEFORE
THE BELL I HAVE NOT READ THE
REPORT, WHAT ARE THE HIGHLIGHTS.
>> CONTINUED STRONG TRAVEL
DEMAND AND EXPECT TO SEE THAT
THROUGHOUT THE YEAR.
THE STOCK IS AT FIVE-POINT TO
PERCENT GAIN AND I’M GOING TO
GET A LITTLE TACKY ON YOU.
REVENUE PER AVAILABLE ROOM IS
EXPECTED TO INCREASE 43% FROM
LAST YEAR.
THE COACH.
IF YOU PUT THAT IN THE INDUSTRY
YOU WILL SEE YOUR STOCK UP 5%.
>> THESE EARNINGS REPORTS ARE
PRETTY GOOD.
>> IF THEY ARE NOT GOOD BASED ON
THE HITS AND MISSES.
>> MICROSOFT WORD EXAMPLE.
ONE MORE CEILING MATTRESS THE
STOCK IS UP TO HALF PERCENT.
>> I THOUGHT THEY WERE DOWN IN
THE PREMARKET THEY ARE SEEING
BAD DEMAND FOR MATTRESSES
MATTRESSES ARE RELATIVELY EXPENSIVE AND A LOT OF PEOPLE
EXPENSIVE AND A LOT OF PEOPLE
BOUGHT MATTRESSES IN THE
PANDEMIC BECAUSE THEY WERE HOME
ALL THE TIME THE CEO SAID WE
SELL THE TOUGHEST VOLUME DECLINE
IN 15 YEARS THEY CUT THE FULL
YEAR FORECAST AND CUT THEIR
SPENDING BUT SOMETHING
APPARENTLY HAPPENED WHEN THE
MARKET OPEN FOR THEM TO BE UP 2%
AND I’LL LOOK INTO IT.
STUART: WE’VE BEEN OPEN FOR
BUSINESS IN FOREIGN A HALF
MINUTES, FOR FOUR AND HALF
MINUTES.
THE DOW IS UP 160 POINTS.
I WILL TAKE THAT 160 POINTS THAT’S EXACTLY ONE HALF A
THAT’S EXACTLY ONE HALF A
PERCENTAGE POINT.
HOW ABOUT DOW WINNERS THERE ARE
30 STOCKS IN THE DOW THE TOP OF
THE LIST IS MICROSOFT 3.8%, BUT
WEIGHT IS DOING WELL,
MCDONALD’S, SALESFORCE, WALT
DISNEY ALL ON THE UPSIDE, S&P 500, CHIPOTLE, 9.5% WE JUST
500, CHIPOTLE, 9.5% WE JUST
REPORTED THAT, ENERGY UP 7%,
PAYPAL, NASDAQ, PAYPAL TEXAS
INFLUENCE, BOOKING, HOLDINGS
T-MOBILE BIG GAINERS TODAY.
LET’S GO THROUGH THE MARKETS,
CHECK THE TEN YEAR TREASURY I
DON’T BELIEVE WE’VE DONE THAT WE
ARE AT 2.76% THE YIELD ON THE
TWO-YEAR IS WELL ABOVE 2.7% THAT
IS THE OLD RECESSION INDICATOR. THE PRICE OF GOLD 1733 IT KEEPS
THE PRICE OF GOLD 1733 IT KEEPS
ON DROPPING THE PRICE A BITCOIN
21300 AS OF NOW VERY STABLE THIS WEEK OIL AT $96 PER BARREL, NOT
WEEK OIL AT $96 PER BARREL, NOT
GAS JUST BELOW $9 FOR A MILLION