Macro Economy| Thoughts on GOOG, XJO, META& NAB

KyleRodda
2022-10-26

Hello everyone! Today I want to my thoughts about macro economy and stocks with you.

$Alphabet(GOOG)$  $Alphabet(GOOGL)$

Alphabet's results were a miss this morning. Shares were off as much as 6% in after-hours trade.
Sales were $57.27b, missing the $58.18b estimate. EPS came in at $1.06 versus the $1.25 estimate.
The company reported a significant impact to advertising revenues.

Australian CPI comes in higher than forecast. Key numbers.

"CPI rose 1.8 per cent in the September 2022 quarter"

 6.1% trimmed mean CPI well above expectations of 5.6%.

ASX200 takes a little spill following CPI. $S&P/ASX 200(XJO.AU)$

$Meta Platforms, Inc.(META)$

The metaverse sounds to me like just multi-dimensional commodity fetishism.

$NATIONAL AUSTRALIA BANK LIMITED(NAB.AU)$

"#NAB continues to see two more 25bp cash rate increases in 2022 taking the cash rate to 3.1% by year-end, and now expects two further increases in February and March 2023 taking the peak (terminal) rate to 3.6%." - NAB Group Economics.

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Comments

  • Upswing118
    2022-10-26
    Upswing118
    Sometimes Rhetorics sell optimism... Sad tho many caught🤯
  • BerryNat
    2022-10-26
    BerryNat
    Haha thank you.
  • TBITrades
    2022-10-26
    TBITrades
    interesting and enfaging
  • Thalos
    2022-10-28
    Thalos
    Ok
  • TSY123
    2022-10-27
    TSY123

    Like

  • LeoYew
    2022-10-27
    LeoYew
    [微笑]
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