Market Update Newsletter 1/25/23
- A Punkrock Capitalist
- Jan 25, 2023
- 1 min read
Markets closed lower yesterday as earnings season continues to disappoint. Microsoft (MSFT) reports slowing growth and Boeing (BA) reports a quarterly loss. Futures are down and the market will open down. Bitcoin is around $22.6K.
Stocks to Watch
Boeing (BA) reports a disappointing quarterly $663 million loss. Missing earnings and revenue. The company generated $3.1 Billion in cash flow in the quarter, which beats analysts' forecast. As the reason for the difficult quarter, Boeing cites supply chain issues and even though sales and deliveries were up.
Microsoft (MSFT) drops after releasing a dismal revenue forecast despite an earnings beat. PC demand seems to have not recovered, and a slowing in cloud growth is not a good sign for the industry. The stock received a slew of price target reductions.
Airbnb (ABNB) receives a double upgrade from Barclays and Bank of America. Many things to like about this one.
Happy Investing!
The Punkrock Capitalist
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