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- May 2nd Stock Market Update - Apple sales fell, but stock buyback boosts stock
May 2nd Stock Market Update - Apple sales fell, but stock buyback boosts stock
$UBER $RIG $DKNG
Mukund Mohan
May 02, 2024
Market
“Apple reported 10% decline in iPhone sales, 4% decline in overall sales, but 46%+ Gross margins and a $100B stock buyback moved the stock up 6% After hours ” 😊 😋
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Good strong day for NASDAQ and led by technology stocks
Amazon, Apple, Nvidia and Google led the way up as stocks went on the back of good Amazon earnings to higher highs.
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Strong moves in technology, but financials did ok as well overall
Carvana, Nio and PDD performed very well as many stocks that reported yesterday including Fastly, Freshdesk and Etsy took a beating.
Insights from the portfolio
Video of the day
Today’s video is on Uber $UBER the rideshare company with terrific growth in both free cash flow and profits.
