Rippers Weekly Recap 6/11: New Nancy Pelosi Plays, Apple Event, Stock Splits and Much More
Hey everyone, it’s Evan! But I’m better known online as @StockMKTNewz. If you know me, you know I tweet way too much for any sane person to track. So, I thought I would narrow down my hundreds of tweets to get you caught up here in under 5 minutes on all the news from today you need to know!
Today, we're doing a quick recap of the best and worst of the markets, the biggest headlines, and the latest earnings of the week!
How The Stock Market Performed This Week
Heat Map of the S&P 500
The Major Indexes
How the major indexes performed this past week
The Dow Jones $DIA was down 4.6%
The S&P 500 $SPY was down 5.1%
The NASDAQ 100 $QQQ was down 5.6%
— Stock Market News (@StockMKTNewz)
Jun 10, 2022
How The Largest Stocks Performed
Best Performing Large Cap Stocks
Worst Performing Large Cap Stocks
**All images are via Finviz.com**
Headlines From This Week
Apple Event: Apple had its annual WWDC event announcing new products and features, such as:
- Apple Pay Later allows people to split the cost of Apple Pay purchases into 4 equal interest-free payments
- Messages will now have an edit button, undo send, mark threads as unread, as well as other new features
- The ability to move FaceTime calls from an iPhone to a Mac and vice versa.
- A new MacBook Air and an updated 13-inch MacBook Pro with their new M2 Chip
- An update to Apple CarPlay that “provides content for all the driver's screens and much more"
- Apple has reportedly agreed to acquire an untitled Formula One racing movie that has Top Gun: Maverick filmmaker Joseph Kosinski directing and Brad Pitt as the star. - Deadline
- Taiwan Semiconductor said it expects its sales to grow by about 30% this year. -Bloomberg
- Microsoft and DocuSign announced an expansion of its global strategic partnership “to help [Microsoft's] customers bring the agreement processes directly into the flow of work." - PRNewswire
- Uber Freight and Google-owned Waymo announced a partnership to "deploy autonomous trucks at scale on the Uber Freight network." - Uber
- PayPal announced users will now be able to transfer cryptocurrency from their accounts to other wallets and exchanges. They also said it secured its full New York BitLicense. - The Verge
- Shopify shareholders approved a 10:1 stock split. - Yahoo
- USB Type-C to set become the common charging port for all mobile phones, tablets and cameras in the EU by autumn 2024. - Reuters
- Microsoft will start publicly disclosing salary ranges in job postings. - WSJ
- Disney+ launched in 16 new markets across the Middle East and North Africa. - Tech Crunch
- Twitter’s board reportedly said it plans to comply with Elon Musk’s demands for internal data by offering access to its full “firehose,” of more than “500 million tweets posted each day." - WAPO
- SEC Commission Chair Gary Gensler proposed rule changes to transform how Wall Street handles retail stock trades. - CNBC
- Amazon is reportedly building a local advertising business. - Business Insider
- Google Maps announced it will now display air quality. - The Verge
- Target declared a quarterly dividend of $1.08 per share up 20% from its previous quarterly dividend of $0.90 per share. - MarketBeat
- Tesla sold a total of 32,165 China-made EVs in May up from 1,152 EVs sold in April. Over 22,000 of those units were exported while local deliveries came in at 9,800. - InsideEVs
- Facebook (Meta) has changed its ticker to $META from $FB.
AMD said it sees long term revenue growth coming in at ~20%. - AMD Analyst Day
Tesla has asked shareholders to increase its share count by 4B from 2B to 6B shares so the company can implement a 3:1 stock split. - Edgar
- Tesla also said Larry Ellison will step down from Tesla's board of directors in August
- Didi Global is officially delisted from the NYSE. - Nikkei
CPI for May came in at 8.6% (YoY) above expectations of 8.3%. - BLS
- CPI for May came in at 1% (MoM) above expectations of 0.7%.
- US Core CPI for May came in at 6% (YoY) above expectations of 5.9%.
Major Earnings This Week
Nio reported earnings before the market opened on Thursday posting numbers of:
- EPS of -$0.79 beating expectations of -$1.03
- Rev of $9.91B beating expectations of $9.86B
DocuSign reported earnings after the market closed on Thursday posting numbers of:
- EPS of $0.38 missing expectations of $0.46
- Rev of $588.7M beating expectations of $581.7M
DocuSign said next quarter it expects revenue between $600M-$604M compared to Wall ST estimates of $601.71M
Get Prepared For Next Week
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That's it for today — thanks for reading Rippers! Stay bullish, and we'll see you all in the next one 🔥