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- January 30 Stock Market Update: Microsoft Beats earnings
Market
“Microsoft revenue from Azure and other cloud services grew 30%. Analysts had expected 27.7% growth, The metric for the previous quarter was 29%.” 😲 💥
Minor dip in the indices after weeks of positive closes
Apple and Amazon led the way to the negative, but UPS earnings were poor.
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Financials led by Citigroup did well today.
Although the S&P 500 and NASDAQ were down, Dow Jones average did well, led by Financials (Citigroup, JP Morgan and Bank of America).
Video of the day
Today’s video is on an AI and Robotics company Symbotic $SYM
Deep dive of the day
Today’s writeup is on Kura Sushi, a sushi restaurant chain.
Good setups for swing
$CAT to all time high and up for a $320 move
$ANET to $285 by earnings (dont hold it after Wed next week)