This Earnings News Just Changed the Game...

Read this before you trade today.

Major Earnings Reports

Apple, Amazon, and Meta each reported earnings after market close yesterday. The reports are bringing the market up after hours with Amazon and Meta moving up and Apple falling.

Here’s what you need to know.

Meta Earnings

This is the most significant of the three in my opinion.

First, they beat expectations:

• Revenue: $40.11B Actual vs. $39.12B Expected

• EPS: $5.33 Actual vs. $4.82 Expected

However, the major news is that they are issuing a dividend. This is important because it brings a completely new class of investors to the stock.

Value investors will now be looking at META because of their dividend, whereas it was previously bought primarily by growth investors.

I expect this stock to continue.

Amazon Earnings

Amazon also beat earnings and is up over 7% after hours. Here are the numbers:

• Revenue: $169.96B Actual vs. $165.96 Expected

• EPS: $1.00 Actual vs. $0.80 Expected

They announced the launch of Rufus, an AI bot that will help customers on amazon.com and should drive additional sales.

Their AWS numbers were strong which is likely the reason for semiconductor stocks like NVDA and SMCI pushing after hours as well.

Apple Earnings

Apple dropped almost 3% after hours after reporting earnings but to be clear this was not a bad quarter for the company.

They came in roughly in line with estimates:

• Revenue: $119.58B Actual vs. $117.99B Expected

• EPS: $2.18 Actual vs. $2.10 Expected

They missed sales estimates for the iPhone in China and saw a drop in revenue from this time last year of about $5B.

The stock is opening right around the 200 SMA - it could be in trouble if it is unable to hold this level.

For more earnings analysis, watch the video below: