Fed keeps rates unchanged as widely expected though two dissenting votes, which hasn't happened since 1993.
MSFT up after hours by currently +7% on earning announcement: Earnings per share: $3.65 vs. $3.37 expected Revenue: $76.44 billion vs. $73.81 billion expected
META also up after hours by currently +9% Earnings per share: $7.14 vs. $5.92 expected Revenue: $47.52 vs. $44.80 billion expected
Tomorrow markets up significantly, i would expect.
Anything goes. As I have argued lax accounting and non-GAAP accounting inflates profitability. On tip of that, CAPE elevated. Bad combination, inflated at the company level, and investors ignore the macro numbers.
great point, $META can't just depreciate $16B/yr while spending $75B.
— Stone Fox Capital (@Stonefoxcapital) July 30, 2025
Apples earning now out, but can't find a link to it yet, though stock up slightly so must be fairly good numbers. Conf. call at 5 PM EST
Found it, and from their investor website
Apple investor website wrote:
Apple today announced financial results for its fiscal 2025 third quarter ended June 28, 2025. The Company posted quarterly revenue of $94.0 billion, up 10 percent year over year, and quarterly diluted earnings per share of $1.57, up 12 percent year over year. “Today Apple is proud to report a June quarter revenue record with double-digit growth in iPhone, Mac and Services and growth around the world, in every geographic segment,” said Tim Cook, Apple’s CEO. “At WWDC25, we were excited to introduce a beautiful new software design that extends across all of our platforms, and we announced even more great Apple Intelligence features.” “We are very pleased with our record business performance for the June quarter, which generated EPS growth of 12 percent,” said Kevan Parekh, Apple’s CFO. “Our installed base of active devices also reached a new all-time high across all product categories and geographic segments, thanks to our very high levels of customer satisfaction and loyalty.”
FOr a compairon with the expected numbers see here, but the beat on both sales and earning per share as compared to what wall street expected
In case you're wondering ( ha ha ha ), I'm stilling tracking that Dec 31, 2025 straddle. Last Friday the IV was the lowest of the year; 14.87%. It's now 16.42%!
In case you're wondering ( ha ha ha ), I'm stilling tracking that Dec 31, 2025 straddle. Last Friday the IV was the lowest of the year; 14.87%. It's now 16.42%!
I'm guessing that indicates an increase in implied volatility, which would make sense given the stuff coming down today.
In case you're wondering ( ha ha ha ), I'm stilling tracking that Dec 31, 2025 straddle. Last Friday the IV was the lowest of the year; 14.87%. It's now 16.42%!
I'm guessing that indicates an increase in implied volatility, which would make sense given the stuff coming down today.
The market thinks the S&P 500 is going to drop 1500% !
"AMD reported $872 million in net income. But that number was almost entirely artificial—padded by an $834 million one-time tax reserve release and a $104 million gain from discontinued operations. Strip those out, and the company posted a pre-tax loss.
Anything goes. As I have argued lax accounting and non-GAAP accounting inflates profitability. On tip of that, CAPE elevated. Bad combination, inflated at the company level, and investors ignore the macro numbers.
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