| Our PureVest Weekly Roundup looked into this week’s key earnings reports. Alphabet (Google) announced its first-ever dividend on top of a new $70 billion buyback. Microsft had a solid report on the heels of AI demand. Meta crushed its earnings, but the stock fell as it took down some revenue guidance for the year. Tesla reported slowing demand, but its stock rallied as they plan to roll out cheaper cars. The critical takeaway from big tech earnings was that collectively, their growth is solid, and they will continue to invest billions of dollars into AI in the coming years. Exxon and Chevron also reported earnings and inflation numbers remained sticky. Enjoy the light reading, and have a great weekend. |
| Markets & Economy: Alphabet soars 10% on strong earnings, first-ever dividend, $70 billion buyback source:www.cnbc.com Microsoft says cloud AI demand is exceeding supply source:www.cnbc.com Meta issued better-than-expected results for the first quarter, but the stock sank on a light revenue forecast source:www.cnbc.com Tesla stock surges as EV maker will ‘accelerate’ the launch of cheaper cars source:www.yahoofinance.com Big Tech keeps spending billions on AI. There’s no end in sight. source:www.washingtonpost.com Caterpillar Shares Plunge After Warning of Slower Second-Quarter Sales source:www.yahoofinance.com Exxon, Chevron Earnings In Q1 Fall source:www.investors.com Key Fed inflation measure rose 2.8% in March from a year ago, more than expected source:www.cnbc.com Education: How Are Social Security Spousal Benefits Calculated?source:www.investopedia.com |