Apple's "Most Innovative Lineup"

Plus, a bad future for Robinhood.

Steven Lerner
Steven Lerner

Today is Friday, January 28, 2022.

New to this newsletter? Sign up here.

Apple's "Most Innovative Lineup"

Shares of Apple (Nasdaq: AAPL) jumped 5.04% in after-hours trading on Thursday after the technology giant posted great earnings.

Financials: Apple’s earnings hit $2.10 per share and revenue reached $123.9 billion in the quarter; both were better than expected.

Growth Drivers: It was a record quarter for Apple, with revenue for iPhones, Macs, and wearables hitting new all-time highs. The company’s gross margin was up, as well as sales in China. Apple also has increased its cash on hand.

Quote: ‘This quarter’s record results were made possible by our most innovative lineup of products and services ever. We are gratified to see the response from customers around the world at a time when staying connected has never been more important.” - Apple CEO Tim Cook.

Glass Half Empty: There are a few negatives, however. Services revenue was up, but not by that much. iPad sales were not that good.

Final Thoughts: Apply sounds confident that it can overcome the global chip shortage in 2022.


Notable Earnings Today: Chevron (NYSE: CVX), Caterpillar (NYSE: CAT), Phillips 66 (Nasdaq: PXS), Colgate-Palmolive (NYSE: CL), Weyerhaeuser (NYSE: WY), VF Corporation (NYSE: VFC), Booz Allen Hamilton (NYSE: BAH), BadgerMeeter (NYSE: BMI), Church & Dwight (NYSE: CHD), Synchrony Financial (NYSE: SYF), Autoliv (NYSE: LV), Charter Communications (Nasdaq: CHTR), Dr. Reddy's Laboratories (RDY), Gentex (Nasdaq: GNTX), LyondellBasell Industries (NYSE: LYB), WisdomTree Investments (Nasdaq: WETF).

Notable IPOs Today: Super Group Limited (NYSE: SGHC), Athena Technology Acquisition Corp. II (NYSE: ATEK), Samsara Vision, Inc. Common Stock (Nasdaq: SMSA), Direct Digital Holdings, Inc. (Nasdaq: DRCT), Modular Medical, Inc. Common Stock (Nasdaq: MODD), Aurora Technology Acquisition Corp. (Nasdaq: ATAKU), TC BioPharm (Holdings) plc (Nasdaq: TCBP), Sunfire Acquisition Corp Ltd (Nasdaq: SUNFU).

Notable Equity Crowdfunding Campaigns Ending Today: Great Blue Brewing (Mainvest), AMASS Botanics (SeedInvest), Sin City Superette (Mainvest), Kaye Bakes (Honeycomb), Curastory (Republic), VeganHood (Mainvest), Escaping Ohio (Wefunder).

Notable Economic Events Today: Core PCE (8:30 a.m. ET), Employment cost index (8:30 a.m. ET), Consumer spending (8:30 a.m. ET), Personal income (8:30 a.m. ET), Michigan consumer sentiment (10:00 a.m. ET), Michigan consumer expectations (10:00 a.m. ET).

Poor Financial Outlook Hurts Robinhood

Stock and Crypto Market Values
Photo by Maxim Hopman / Unsplash

Shares of Robinhood (Nasdaq: HOOD) fell 12.75% in after-hours trading on Thursday after the financial services company posted bad guidance with its earnings.

Financials: Robinhood reported a loss of 49 cents per share, which was worse than what analysts had projected. Revenue reached $363 million in the quarter, which was better than what was expected.

Problems: Trading activity plummeted in the quarter, but the real problem is with guidance. Robinhood expects revenue of just $340 million in the first quarter, which is very low. The company also says that operating experiences will increase by 15% to 20%.

Half Glass Full: Robinhood seems to be bullish about upcoming initiatives, such as its cryptocurrency wallets and tax-advantaged retirement accounts.

Final Thoughts: Shares of Robinhood are down 66% in the past year.

Top Energy Picks for Early 2022

As many equities experience a sell-off, the energy sector is off to a good start. Here are three of the best performers so far.

Hail Haliburton: Shares of Halliburton (NYSE: HAL) are up 28% in 2022. The stock had quietly good 2021 as well, with shares up 47% last year,

Schlum It: Shares of Schlumberger (NYSE: SLB) are up 22% this year. The stock price is up 164% since the start of the pandemic in March 2020.

No Cons Here: Shares of ConocoPhillips (NYSE: COP) are up 21% in 2022 so far. In the past year, the stock is up 94%.

Final Thoughts: Energy stocks do well when there is inflation.

New Boss: Home Depot names company veteran Ted Decker as CEO (CNBC)

Warnings: IMF warns crypto rout could lead to systemic risk, backs Fed digital coin (Yahoo! Finance)

No Gold: There Won’t Be a 'Goldman Sachs Coin' Anytime Soon (CoinDesk)

Sold: Biogen to Sell Biosimilar-Venture Stake to Partner Samsung Biologics (The Wall Street Journal)

Life Imitating Art: Yieldstreet: Online Investment Platform Launches Art Equity Funds Boosting its Alternative Investment Options (Crowdfund Insider)