Aug 1st Stock Market Update - Amazon & Intel miss earnings, but Apple beats

$DUOL $INTC $TOST

Author

Mukund Mohan
August 01, 2024

Market

“Intel cratered 20% after hours on a poor earnings guidance and miss on revenue as they look to layoff 15K people. Amazon missed on Ad revenue, and was down 5% AH” 🫣 🤕 

All indices headed lower on the weakening consumer

Tomorrow is going to be another tough day on news from Amazon and Intel, however Apple was up 5% after hours on decent earnings. Same for Mercado Libre and DoorDash. This is still a stock pickers market.

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Insights from the portfolio

$DUOL Duolingo Inc Deep Dive and 2024 Outlook

The language learning company is growing revenue and profit even in the age of Gen AI

stocksmarts.substack.com/p/duol-duolingo-inc-deep-dive-and-2024

Video of the day

Today’s video is on Intel $INTC the semiconductor company that’s struggling.

Deep dive of the day

Toast Inc $TOST Deep Dive – Investment Literacy Coach

The restaurant OS and payment company

blog.mukundmohan.online/index.php/2024/08/01/toast-inc-tost-deep-dive

Good setups for swing

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