Rippers Weekly Recap 5/14: Disney Earnings, Inflation Data and Much More

Hey everyone, it’s Evan! But I’m better known online as @StockMKTNewz. If you know me, you know I tweet way too much for any sane person to track. So, I thought I would narrow down my hundreds of tweets to get you caught up here in under 5 minutes on all the news from today you need to know!

Today, we're doing a quick recap of the best and worst of the markets, the biggest headlines, and the latest earnings of the week!

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How The Stock Market Performed This Week

The Major Indexes

Heat Map of the S&P 500

How The Largest Stocks Performed

Best Performing Large Cap Stocks

Worst Performing Large Cap Stocks

**All images are via Finviz.com**

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Major Earnings This Week

Disney reported earnings on Wednesday after the market closed, posting numbers of:

• EPS of $1.08, missing expectations of $1.20

• Rev of $19.25B, beating expectations of $18.91B

• Total Disney+ subscribers of 137.7M up 33% YoY, beating expectations of 135M

Some interesting headlines from the conference call:

• The Toy Story franchise still generates over $1 billion in annual retail sales

• The NBA Playoffs have averaged more than 4.3 million viewers per game through the first 20 games on ESPN and ABC

Rivian reported earnings on Wednesday after the market closed, posting numbers of:

• EPS of -$1.43, beating expectations of -$1.50

• Rev of $95M, missing expectations of $130.5M

Rivian said it produced 2,553 cars in Q1 bringing the total vehicles produced in Rivian's history up to 5,000 EVs.

Roblox reported earnings on Tuesday after the market closed, posting numbers of:

• EPS of -$0.27, missing expectations of -$0.21

• Rev of $537.1M, missing expectations of $641.8M

Roblox reported April sales between $189-$192 million, up between 30-32% YoY. They also reported daily active users in April of 53.1 million, up 23% YoY.

Palantir reported earnings on Monday before the market opened, posting numbers of:

• EPS of $0.02, missing expectations of $0.04

• Rev of $446.4M, beating expectations of $443.4M

Palantir’s revenue from governments totaled $241 million in Q1, up 16% YoY. Meanwhile, its commercial revenue came in at $205 million, up 54% YoY.

Coinbase reported earnings on Tuesday after the market closed, posting numbers of:

• EPS of -$1.98, missing expectations of $0.35

• Rev of $1.17B, missing expectations of $1.47B

Coinbase reported monthly transacting users of 9.2 million for Q1, below estimates of 9.5 million.

SoFi was supposed to report earnings after the markets close on Tuesday. However, they followed in Affirm’s footsteps by accidentally leaking their earnings during market hours, posting numbers of:

• EPS of -$0.14, in line with expectations

• Rev of $330.3M, beating expectations of $286.4M

Non-Earnings Headlines From This Week

Monday:

• Uber CEO Dara Khosrowshahi said the company will slow down hiring and pull back on some marketing. - CNBC

Tuesday:

•  FIFA and Electronic Arts announced they’ve ended their multi-decade partnership, meaning the next FIFA will now be called EA Sports FC. - Wired

• Robinhood announced all users will now be able to earn 1% APY on cash sitting uninvested in their accounts. - Tech Crunch

• Tom Brady has reportedly agreed to join Fox Sports as its lead NFL analyst when he retires from the NFL. - NY Post

• Nintendo announced a 10 for one stock split, which will go into effect on October 1. - CNBC

• Elon Musk said he currently thinks the best case scenario for his acquisition of Twitter is that it closes in about 2-3 months. - FT Summit

• Netflix is now aiming to introduce the ad-supported tier at some point in the last 3 months of this year, with a crackdown on password sharing starting in the same window. - The Verge

Wednesday:

• ​​CPI for April came in at 8.3% (YoY), above expectations of 8.1%.

• CPI for April came in at 0.6% (MoM), above expectations of 0.4%.

  • MoM change in CPI from April 2021 through April 2022. - BLS

• Facebook is reportedly preparing to cut back spending in its metaverse-focused Reality Labs division. - Reuters

• Saudi Aramco now has a larger market cap than Apple. - CompaniesMarketCap

• Shopify CEO Tobi Lutke said he placed an order to buy $10M of Shopify stock. - Tobi Lutke via Twitter

• Airbnb announced a new design change to its app, adding new features such as categories. - Airbnb CEO via Twitter

Thursday:

• Jerome Powell secured enough votes in the Senate for his confirmation as FED Chairman. - WSJ 

• Instacart filed a S-1 with the SEC, indicating its intentions to go public through an IPO. - Instacart

• FTX CEO Sam Bankman-Fried bought 56.3M shares of Robinhood, now owning 7.6% of the company. - MarketWatch

• Microsoft owned Bethesda announced today it's delaying the release of two upcoming games, Redfall and Starfield, until the first half of next year. - Bethesda via Twitter

• PPI for April came in at 11% YoY, above expectations of 10.7%. - BLS

Friday:

• Elon‘s deal to acquire Twitter is now “on hold” pending details that spam/bot accounts make up less than 5% of Twitter’s users. - Elon Musk via Twitter

• Warren Buffett’s Berkshire Hathaway filed for its purchase of an additional 901.K shares of Occidental stock this week. - MarketWatch

• Apple is reportedly testing iPhones that use USB-C instead of Lightning. - The Verge

• Ford sold an additional 7 million shares of Rivian at an average price of $26.88 per share, bringing its total for the week up to 15 million shares sold. Ford now holds 86.9 million shares of Rivian. - Reuters

Get Prepared For Next Week

Economic Calendar

Earnings Calendar

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