Microsoft reports Q4 revenue at $46.2B, beats estimates, Alphabet’s revenue soars 62% to $62B in Q2…. Visa’s Q3 revenue jumps 27% $6.1B

Microsoft published its financial results for the fourth fiscal quarter ending on June 30, 2021, on Tuesday with revenue marking $46.2 billion, exceeding analyst estimates and increasing by 21% from the comparable period of last year. The company’s net income rose by 47% year-on-year to $16.5 billion, while diluted earnings per share soared by 49% to $2.17%. For the yearly results of the fiscal year 2021, Microsoft’s revenue rose by 18% to $168.1 billion, while the net income grew by 38% to $61.3 billion, both figures compared to the 2020 financial results. Diluted earnings per share this year were 40% higher than in the previous one, amounting to $8.05. “We are innovating across the technology stack to help organizations drive new levels of tech intensity across their business. Our results show that when we execute well and meet customers’ needs in differentiated ways in large and growing markets, we generate growth, as we’ve seen in our commercial cloud – and in new franchises we’ve built, including gaming, security, and LinkedIn, all of which surpassed $10 billion in annual revenue over the past three years,” said Satya Nadella, Microsoft’s CEO.

Alphabet’s revenue soars 62% to $62B in Q2

Alphabet Inc. unveiled on Tuesday that its revenue surged 62% on an annual basis to land at $61.88 billion in the year’s second trimester, and top the analysts’ expectations. Google’s parent’s operating income gained 31% year over year to amount to $19.4 billion, while its net income climbed 166% to $18.5 billion, or $27.26 per diluted share. Per segment, Google Search & other revenue rose 68.1% to $35.8 billion, while Google Cloud surged 53.9% to $4.6 billion. “In Q2, there was a rising tide of online activity in many parts of the world, and we’re proud that our services helped so many consumers and businesses. Our long-term investments in AI and Google Cloud are helping us drive significant improvements in everyone’s digital experience,” CEO Sundar Pichai commented. Alphabet’s shares jumped more than 4% in the after-hours trading, following the announcement.

Visa’s Q3 revenue jumps 27% $6.1B

 

Visa said on Tuesday its revenue in the third quarter of fiscal 2021 amounted to $6.1 billion, climbing 27% compared to the same period a year earlier and topping analysts’ estimates. GAAP net income rose 9% year on year to $2.6 billion, while GAAP earnings per share (EPS) increased 10% to $1.18. Adjusted net income surged 39% to $3.3 billion, or $1.49 per share. “Visa delivered another strong quarter as many key economies are well into a reopening-driven recovery. This was best demonstrated by credit and face-to-face spending bouncing back while debit and eCommerce volumes remained robust from accelerated cash digitization sparked by the pandemic,” CEO Alfred Kelly Jr. stated. Visa shares were down 1.17% in after-hours trading despite better-than=expected results. Nick Note: The party continues for now

UK sees highest COVID death rate since March

The UK has recorded the highest number of deaths since March despite a drop in Covid-19 cases. A further 131 people had died within 28 days of testing positive for Covid-19 as of Tuesday – the highest day-on-day rise since March 17 bringing the UK total to 129,303. There had been a further 23,511 lab-confirmed Covid-19 cases in the UK as of 9am on Tuesday, the Government said, meaning daily reported cases have fallen for a seventh day in a row. Separate figures published by the Office for National Statistics show there have been 154,000 deaths registered in the UK where Covid-19 was mentioned on the death certificate. Responding to the 131 deaths, Dr Yvonne Doyle, medical director at Public Health England, said: “Rates are still high and the pandemic is not over yet, today we have recorded the highest number of deaths since March.  Nick Note: as i have  been warning its starting all over again. But this time its 1000 times more infectious…..

“This is in part due to the high number of cases recorded in recent weeks. We know deaths follow when there are a high number of cases and data today highlights we are still in the third wave.

3M reports Q2 revenue at $8.9B, up 25% YoY, General Electric revenue tops estimates at $18.28B in Q2, UPS: Q2 revenue up 14.5% YoY to $23.4B, Raytheon: Q2 sales at $15.9B, up 13% YoY, Tesla Q2 revenue beats estimates at $12B

3M reports Q2 revenue at $8.9B, up 25% YoY

3M Co. on Monday reported that its second-quarter revenue climbed 25% per annum to land at $8.9 billion. Operating expenses rose 28% to $6.98 billion, while net income increased 17% to $1.54 billion, or $2.59 per share. All segments of the company reported an increase in sales, with Safety and Industrial seeing the largest increase. Based on the strong results, the conglomerate updated its full-year guidance. Total sales are seen growing between 7% and 10%, which is 2 percentage points higher than previously predicted. Earnings per share are expected to come in between $9.70 to $10.10. “3M delivered strong performance in the second quarter, once again posting organic growth across all business groups and geographic areas, along with increased earnings and robust cash flow,” Mike Roman, chairman and chief executive officer, said.

General Electric revenue tops estimates at $18.28B in Q2

General Electric Co. reported on Tuesday its second-quarter earnings results, revealing a 9% annual increase in revenue which reached $18.28 billion. The company also posted a net loss per share of $0.14 in the same trimester. “The GE team delivered strong overall performance in the second quarter. Orders and revenue returned to growth, our operating margins expanded across all segments, and we generated positive Industrial free cash flow. Momentum is building across our businesses, driven by Healthcare and services overall, with Aviation showing early signs of recovery,” commented CEO H. Lawrence Culp Jr. Commenting on the outlook, General Electric estimated single-digit revenue growth in 2021 with adjusted earnings per share of between $0.15 and $0.25. The company’s stocks soared 3.17% in the premarket trading to $13.33 per share following the earnings announcement.

UPS: Q2 revenue up 14.5% YoY to $23.4B

United Parcel Service Inc. (UPS) unveiled on Tuesday that its consolidated revenue for the second quarter of 2021 reached $23.4 billion, increasing 14.5% when compared to the same period last year. At the same time, the company reported a 47.3% per annum gain in its consolidated operating profit, which climbed to $3.3 billion. UPS’ diluted earnings per share (EPS) for the second quarter was $3.05, constituting a yearly gain of 50.2%, while its net income reached $2.7 billion. Carol Tomé, UPS Chief Executive Officer, commented on the results: “I want to thank all UPSers for executing our strategy and delivering high service levels, which fueled record financial results in the second quarter. Through our better not bigger framework, we are moving our world forward by delivering what matters.” UPS shares increased 0.54% in premarket trading after the release of the report.

Raytheon: Q2 sales at $15.9B, up 13% YoY

Raytheon Technologies Corporation reported on Tuesday that its sales stood at $15.88 billion in the second quarter of fiscal 2021, marking a 13% increase from the corresponding timeframe a year earlier. Earnings per share (EPS) improved to $0.69 in the second three-month period, compared to a loss per share of $2.56 in the same period in 2020. Net income reached $1.04 billion in the second trimester after a net loss of $3.84 billion documented 12 months ago. “Our solid execution gives us the confidence to raise our adjusted EPS and free cash flow outlook, as well as the low end of our sales outlook range for 2021,” Chairman and CEO Greg Hayes said in a statement. The company’s shares were 1.22% up in premarket trade following the release of the report.

Tesla Q2 revenue beats estimates at $12B

Telsla published its earnings report for the second fiscal report on Monday, with revenue at $11.9 billion, beating analyst expectations and marking a 98% increase compared to the same period of last year. GAAP earnings per share soared by 920% year-on-year to $1.02. “We produced and delivered over 200,000 vehicles, achieved an operating margin of 11.0% and exceeded $1B of GAAP net income for the first time in our history. Supply chain challenges […] continued to be present in Q2. The Tesla team, including supply chain, software development and our factories, worked extremely hard to keep production running as close to full capacity as possible,” Tesla’s official release said. Quarter-end cash and cash equivalents stood at $16.2 billion, which is 88% higher than the figures for the second quarter of last year, but over 5% less than the last three-month period. Total production of electric vehicles in the second quarter amounted to 206,421, which is 151% higher than during the comparable period of 2020.

Following the report, Tesla stocks rose 1.58% to sell for $667 per share in the after-hours trading.

 

 

 

Oil steadies as tight supply outweighs virus spread

LONDON (Reuters) – Oil prices steadied on Tuesday as investors bet tight supply and rising vaccination rates will help offset any impact on demand from surging COVID-19 cases worldwide. Brent crude futures rose 1 cent to $74.51 a barrel by 0819 GMT. U.S. West Texas Intermediate (WTI) crude futures fell 8 cents, or 0.1%, to $71.83 a barrel. Benchmark prices held their ground even after the United States issued travel warnings to Spain and Portugal due to rising COVID-19 cases. A White House official told Reuters wider travel curbs would not be lifted due to the highly infectious Delta variant and rising domestic infections. “With oil demand growth likely outpacing supply growth in the near term, we expect oil tightness over the summer, which should boost oil prices,” analysts at UBS said in a research note. In one encouraging sign for fuel demand, Britain reported its lowest daily total of new COVID-19 cases since July 4 on Monday, suggesting a recent surge in infections has passed its peak. Olympic host city Tokyo, however, is on track to report a record number of coronavirus cases on Tuesday even as athletes continued to compete across the city in the fourth day of the Games. Analysts tracking mobility data remain confident about fuel demand, counting on vaccinations to guard against strict new lockdowns. Global oil markets are expected to remain in deficit despite a decision by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, to raise production through the rest of the year. “Robust road traffic data across most major regions suggests rising infections are having minimal impact,” ANZ Research analysts said. Investors are awaiting inventory data from the American Petroleum Institute industry group on Tuesday and the U.S. Energy Information Administration on Wednesday for further evidence that demand is holding up. Nick Note: Our key analysis indicates that after the summer driving season… Delta death season will start this fall. That is when reality catches up as the infection and death rates soar. Besides the infections rising and summer driving season over its back to school infection spread by the kiddies. By that time we should have our short operations in place in the stock market and oil… For now let them have some summer fun and get the millennials all in.

Green passes are being introduced in these 13 European countries – even if you’re a tourist

The following number of countries in Europe are planning to make it illegal to enter bars and restaurants without proof of a COVID-19 vaccination. A rise in cases in countries including France, Italy and the Netherlands means ‘green passes’ will be required to enter all indoor hospitality venues. Each country has a slightly different plan for how the passes will work. So make sure you are informed of the rules before travelling to any of these countries.  This will take the form of either paper documentation or an app that proves visitors to indoor dining and entertainment venues have been fully vaccinated and are allowed to enter, restriction-free. It is not expected to affect each country’s rules on outdoor hospitality and gatherings. These measures are being taken to ensure visitors to bars, restaurants, museums, indoor sports venues, and other cultural/entertainment sites are kept safe from infection and not limited to restrictions like mask-wearing or social distancing. Some nations are still in the process of legally verifying how the passes will work. Others have had this in place with their own apps since COVID-19 related travel restrictions started lifting across Europe earlier this year. Nick Note: Its pretty obvious they are clueless. They really do not know what to do. A green pass certifying you have a vaccine that is less effective then the dominate variant. That means people will take more risks… will not mask up, they will not vitamin up and they for sure will not isolate….. How do you think this will end up…

70% of EU adults received at least one COVID vaccine jab

Seventy percent of adults in the European Union have received at least one shot of the CVID-19 vaccines, Commission chief Ursula von der Leyen announced on Tuesday. “The EU has kept its word and delivered. Our target was to protect 70% of adults in the European Union with at least one vaccination in July. Today we have achieved this target,” von der Leyen said in a statement. The proportion of people aged 18 and over having been fully inoculated in the bloc now stands at 57%, she added. “These figures put Europe among the world leaders. The catch-up process has been very successful — but we need to keep up the effort,” she went on, warning that “the Delta variant is very dangerous.” Nick Note: Before they break out the Champaign their is one little itsy bitsy problem. The vaccines are less the 30% effective against the Delta mutation. But no need to tell them because it will interrupt their summer time fuck fests….. Ler them have at least one last summer of fun before the next die off.

Delta Variant Versus Previous COVID 19 Infection vs. Vaccines

Roger Seheult, MD of MedCram explains how “natural immunity” (from a previous COVID-19 infection) compares with vaccines (Pfizer, Moderna, AstraZeneca) VS. the Delta coronavirus variant. (This video was recorded on July 24, 2021). Roger Seheult, MD is the co-founder and lead professor at https://www.medcram.com He is Board Certified in Internal Medicine, Pulmonary Disease, Critical Care, and Sleep Medicine and an Associate Professor at the University of California, Riverside School of Medicine. Nick Note: A great tape… Listen further in to the part about studies on the Delta mutation on the vaccinated…. Pretty scary stuff/////

Exclusive-U.S. will not lift travel restrictions, citing Delta variant -official

WASHINGTON (Reuters) – The United States will not lift any existing travel restrictions “at this point” due to concerns over the highly transmissible COVID-19 Delta variant and the rising number of U.S. coronavirus cases, a White House official told Reuters. The decision, which comes after a senior level White House meeting late Friday, means the long-running travel restrictions that have barred much of the world’s population from the United States since 2020 will not be lifted in the short term.”Given where we are today with the Delta variant, the United States will maintain existing travel restrictions at this point,” the official told Reuters, citing the spread of the Delta variant in the United States and abroad. “Driven by the Delta variant, cases are rising here at home, particularly among those who are unvaccinated and appear likely continue to increase in the weeks ahead.” The announcement almost certainly dooms any bid by U.S. airlines and the U.S. tourism industry to salvage summer travel by Europeans and others covered by the restrictions. Airlines have heavily lobbied the White House for months to lift the restrictions. Nick Note: This economic recovery will soon be coming to a screeching halt.

French parliament approves bill demanding COVID passes

The French parliament approved a bill early Monday that will require a health pass for access to restaurants, bars, trains and planes from the beginning of August. All venues accommodating more than 50 people already require proof of vaccination or a recent negative Covid-19 test, including museums, cinemas and swimming pools. France’s parliament approved a law early Monday requiring special virus passes for all restaurants and domestic travel and mandating vaccinations for all health workers. Both measures have prompted protests and political tensions. President Emmanuel Macron and his government say they are needed to protect vulnerable populations and hospitals as infections rebound and to avoid new lockdowns. The law requires all workers in the health care sector to start getting vaccinated by Sept. 15, or risk suspension. It also requires a “health pass” to enter all restaurants, trains, planes and some other public venues. It initially applies to all adults, but will apply to everyone 12 and older starting Sept. 30.  To get the pass, people must have proof they are fully vaccinated, recently tested negative or recently recovered from the virus. Paper or digital documents will be accepted. The law says a government decree will outline how to handle vaccination documents from other countries. The bill was unveiled just six days ago. Lawmakers worked through the night and the weekend to reach a compromise version approved by the Senate on Sunday night and by the National Assembly after midnight. The rules can be applied through Nov. 15, depending on the virus situation. Macron appealed for national unity and mass vaccination to fight the resurgent virus, and lashed out at those fueling anti-vaccine sentiment and protests.About 160,000 people protested around France on Saturday against a special COVID-19 pass for restaurants and mandatory vaccinations for health workers. Many marchers shouted “liberty!” and said the government shouldn’t tell them what to do. Nick Note: Its complicated. If you are one who believes the vaccine conspiracy theories, its your right not to get vaccinated. BUT you cannot expect the rest of society to take the risk with you. Unvaccined people are carriers of the virus…… Which means if you go to public places you can infect a lot of people weather you believe it or not. You cannot force your beliefs on other people. . You have a right not to be vaccinated. Society has a right to limit your access to other people who choose to be vaccinated… You cannot have it both ways. Unvaccinated people have rights… BUT so do vaccinated people….. And if you roll the dice and get snake eyes you expect the local emergency room  to incubate you at a cost of $10,000 a day. So like it or not their are greater social implications in your decision then just you…….

US markets drop premarket, Dow loses over 250 pts

Major stock indexes in the United States were in the red premarket on Monday with this week’s earnings, which include the country’s largest tech companies, in focus. Meanwhile, tensions between Washington and Bejing were on the rise again as China criticized the US for undermining international law and order. The Dow Jones Industrial Average dropped 0.80%, or 280 points at 4:12 am ET, while the Nasdaq 100 slid 0.37%, or 55 points, at the same time. The S&P 500 was down 26 points, or 0.60%. The euro traded flat against the greenback at 4:12 am ET, selling for 1.17702 dollars. Nick Note: They will play fuck about for a while longer. The game here is to suck as many wanna be big time millennial traders to buy on the dips with their unemployment checks… And before the year is out they will flush the toilet on them… And hopefuly we will scrach are ass and figure it out charging them a great big exit tax…..