Daily Stock Market News

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Here's what is happening in the markets today, Wednesday, July 28th:

Show Notes

- Futures slightly higher with the Fed Statement on deck at 2:00pm ET followed by their 2:30pm ET Fed Press Conference.
- Boeing (BA) jumped 3.5% pre-market after an earnings surprise. Helped out by a rebound in aircraft deliveries, BA posted its first profit since Q3 of 2019 with $0.40EPS vs an $0.83 loss expected.
- Alphabet (GOOGL) up 4.0% pre-market after an earnings beat and 69% jump in advertising revenue. Alphabet's CEO said the numbers were credited to a "rising tide of online activity in many parts of the world."
- Apple (AAPL) is down a little more than 1.0% pre-market in spite of an earnings beat and iPhone sales up 50% year over year. $1.30EPS vs. $1.01est and better rev. But the company did say that sales growth may be slowing and chip shortages could be an issue with production this quarter.
- McDonald's (MCD) had an earnings beat reporting $2.37EPS vs. a $2.11est, with better than expected rev and same-store sales up 25.9%.
- Pfizer (PFE) $0.97EPS vs. $0.87est and rev better. PFE raised full year forecast expecting vaccine sales to remain strong.
- Starbucks (SBUX) $1.01EPS vs $0.78est and rev but but SBUX said that higher costs for labor and supplies could be an issue for months to come.
- Mattel (MAT) earnings beat and raising full year forecast saying they expect strong demand for its Barbie and Hot Wheels brands.
- Teladoc (TDOC) lost 0.86EPS last quarter 0.56 more than expected even though rev beat forecasts. Weaker membership growth.

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Whether you're a novice trader or an experienced investor, the Daily Stock Market News podcast will keep you ahead of what's going on in the financial world. This show is dedicated to providing investors with high-quality content that can be consumed in just a few minutes, so it won't waste your time and give you the information you need.