Woke up to US aftermarket getting dumped on again.
$AAPL new CEO Ternus drops first earnings: revenue $114.48B, EPS beat expectations, iPhone & Mac solid. But Greater China revenue ~$17.5B, missed by $1.2B. iPad, wearables, accessories all soft. Holiday gross margin guidance compressed to 45-46%, services growth only 8-9%. Memory costs and AI capex called out directly. Report card looks fine, guidance and China exposure don't.
$PLTR is pure chaos: revenue $2.31B, US commercial revenue +148% YoY, first time exceeding government revenue. Full-year guidance raised, Karp talking about taking the entire market. Nearly every metric crushed estimates. Still dumped afterhours.
Rewind a few hours: Nasdaq evaporated $1T in 5 hours, closed -1.07%. Same day Oracle issues $10B in new shares + $10B in debt. $META and $GOOG lining up to issue debt too.
Market's crystal clear: not paying twice for the same narrative. Good news already priced in. Companies coming to market for capital tells you everything you need to know.
Midterms voting starts today. Election curse in play, capital rotating to safety is textbook. Tom Lee already calling AI bottom. Will today be the miracle bounce? Doubt it.
$AAPL new CEO Ternus drops first earnings: revenue $114.48B, EPS beat expectations, iPhone & Mac solid. But Greater China revenue ~$17.5B, missed by $1.2B. iPad, wearables, accessories all soft. Holiday gross margin guidance compressed to 45-46%, services growth only 8-9%. Memory costs and AI capex called out directly. Report card looks fine, guidance and China exposure don't.
$PLTR is pure chaos: revenue $2.31B, US commercial revenue +148% YoY, first time exceeding government revenue. Full-year guidance raised, Karp talking about taking the entire market. Nearly every metric crushed estimates. Still dumped afterhours.
Rewind a few hours: Nasdaq evaporated $1T in 5 hours, closed -1.07%. Same day Oracle issues $10B in new shares + $10B in debt. $META and $GOOG lining up to issue debt too.
Market's crystal clear: not paying twice for the same narrative. Good news already priced in. Companies coming to market for capital tells you everything you need to know.
Midterms voting starts today. Election curse in play, capital rotating to safety is textbook. Tom Lee already calling AI bottom. Will today be the miracle bounce? Doubt it.