Google: Wake Up and Smell the Dividends | Moooovers
Morning mooers! It is Finally Friday, April 26th, the market is souring on Mag Seven earnings, even though Personal Consumption Expendetures rose in March.
My name is Kevin Travers, and the beautiful sounds of heavy construction digging foundations for apartments in Jersey City wake me up every morning: the economy is clearly growing.
Here are the morning moovers today:
MOOVERS
The biggest news on the street is $Alphabet-Cearnings that beat and a fresh new dividend payout coming to shareholders everywhere June 17th, sending the stock and it's sister $Alphabet-A up 9% at the time of writing.
$Microsoft also impressed with earnings, pulling the Dow up with a 2% climb.
Shares of $ResMed jumped 15%, leading the S&P 500 after the sleep apnea firm posted earnings of $2.13, beating Wall Street's call for $1.93, on revenue of $1.2 billion vs $1.17 billion expected.
$Exxon Mobil shares are trading lower after Q1 results, with revenues beating expectations but adjusted net profit lower at $8.22 billion, down from $11.62 billion a year ago due to lower industry refining margins and natural gas prices.
$Chevron also pulled back Friday, after first-quarter profit and revenue fell amid a sharp drop in natural-gas prices, but managed to beat expectations.
SECTORS
The Internet Content sector tracked by moomoo was climbing 6% on Google, but also $Snap Inc news. The firm relased earnings that impressed investors toward a 22% stock climb, despite a loss of 3C a share.
In commodities, Gold and Silver climbed on the day, alongside crue oil futures. Bitcoin continued to fall.
RECAP
Indexes were in the green at open, riding the highs of the most recent tech earnings.
The $S&P 500 Index climbed 1% just past 10:10 AM EST. The $Dow Jones Industrial Average climbed 0.53%, and the $Nasdaq Composite Index climbed 1.88%.
MACRO
In macro, PCE inflation numbers for the month of March came out higher than expected, up 2.8% compared to 2.6%. The numbers follow GDP numbers for the first quarter that came out low Thursday, at 1.6% growth compared to expectations of 2.5%.
$U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ climbed to 4.98 this morning after hitting 5.02% briefly, the$U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ climbed to 4.65.
The S&P Manufacturing PMI came out Tuesday morning at 49.9 compared to estimates of 52, a reading below 50 points tends to indicate a contraction in the activity level of purchasing managers in the manufacturing sector. Investors can expect the PCE, the Fed's favorite inflation indicator, to be released on Friday.
Mooers, what are you watching today? Comment below and I may feature your comment tomorrow!
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Moomoo News and Community Manager
Moo moo News and Community Manager, NJ Office.
Fmr CNBC contributor, reporter/investor/trader
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Kevin TraversOP : Yesterday, User @gab3x said robotaxis definitely will be the next thing in our lives whether we love it or not.just like AI will continue to grow. So, if Tesla is involved, it will definitely benefit from it.
francistee : I'm still half a bucket of water... I feel the same
