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Microsoft blows away 2Q21 expectations on cloud and personal computing strength -- Yahoo!Finance. Link here. CNBC "Fast Money" panelists are simply amazed at the beat. Bottom line: MFST seems to be in the sweet spot with regard to the pandemic. If so, one can imagine the other winners. Not being said: the pandemic. Tonight's CDC numbers may be the most interesting numbers in ten days. If the CDC numbers are not a whole lot better tonight .....
MSFT surges. Up three dollars during normal trading hours; up another $15 after the close. Up about 9% for the day. The "Fast Money" panelists go back to IBM -- suggesting the earlier numbers are a lot worse than originally thought -- one panelist has actually removed "IBM" from his radar scope.
Big concern: two two-trillion-dollar companies are going to "box out" a lot of other tech companies.
Starbucks 1Q21 earnings top estimates, but same-store sales hit by Covid-19. SBUX up about 1 percent during the day but then down 1.6% after hours. Overall, a disappointing day. Analysts, yesterday, suggested that Starbucks guidance today would be the bellwether for the pandemic. Not looking good.
GME: is there more to the story? Is there something the "professionals" are missing? GME opening about $80 this morning added $71 during the day, and then added another $100 after the close. There's something going on and the "talking heads" can't explain it. And as far as I know, the SEC let it run without stopping trading. Even Elon Musk got involved, putting support behind these numbers. Later: added $145 after hours.
AAPL: was barely up during the day but then added another $1.17 after-hours. Very,very interesting.
Bed Bath and Beyond: gaps up $13 to $44.
AMD: delivered on expectations, but after hours down about 1.5%. Sometimes I think analysts over-think these things.
