Clearing Out The In-Box -- August 3, 2022

EVs: upside-down logic of EV SUVS. Link to The WSJ. 

F: big numbers -- July's numbers --

• US auto sales up almost 40% year/year
• EVs up 170%, again year/year
• 11% market share:
• truck sales: up 21%

SBUX: record revenues. Extraordinary.

• no evidence of customers spending less; "trading down";

INTC: it only gets worse. AMD agrees with INTC -- the PC market is falling apart.

• INTC CEO: time for a bit of austerity (euphemism for layoffs)
• INTC: one word -- Nokia

AMD: guidance weak;

• 2Q22: revenue jumped 70% to $6.55 billion, barely beating estimate of $6.53;
• adjusted EPS: $1.05, again, barely beating estimate by two ceents;

Robinhood: lays off 25% of its workforce

AAPL: old news, previously reported -- most recent quarter -- record revenue of $83 billion;

CATL: posted yesterday, but now being widely reported;  

The train has left the station: link here.

Five momentum stocks: includes PSX, Valero Energy.

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