Earnings -- Apple -- October 28, 2021

NASDAQ and S&P 500 both close at record highs.

• Dow: +240, 35,730
• S&P 500: +45; 4,597
• NASDAQ: +212, 15,448

WTI: up 0.54%. 

F: jumps 8% based on strong earnings.

Amazon misses. Someone is going to get fired. "

Amazon badly misses on earnings and revenue, gives disappointing fourth-quarter guidance." Link here. Weakness on line surprised me but it suggests that vaccinated folks moving back to the malls and other brick-and-mortar stores.

Starbucks: EPS beats (barely) but misses on 4Q21 earnings (July - Sept, 2021). China was the big story. Starbucks projected sales qtr/qtr would be flat, but in fact China sales shrunk by seven percent. Link here.

Apple:

• meets EPS
• misses on revenue
• shares will plunge ... and they did ... could fall as much as $8.00 after hours; trading at $145.00. Comment: anything over $145 is fine.
  
• demand robust; supply chain issues
• if Apple can't get chips, no one can get chips;
  
• Tim Cook, guidance: still expects a record 4th quarter 
• more at Macrumors.
  

Facebook: rebrands as Meta (as in metaverse).

UNP: up almost $3.00 during normal trading hours, but then gave almost of it back after hours. 

US Supreme Court: gives "okay" for Oklahoma to go ahead with capital punishment.

Cuomo: charged with misdemeanor sex crime.