A Quick Recap on some of the Craziness that Instilled during this Earnings Week

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All the way from Tesla to Philip Morris to IBM we saw a series of earnings this week that all shifted the market in their unique way. And as FatNarwhalers we shall dive into the madness head first like hopping into the ocean to see what everything is about and what we have to deal with. So to start there were as they say a pop ton of earnings this week they may affect you individually as one makes their own financial purchase and decisions. However, some of the big ones we found this week include Tesla, IBM, PM, Seagate, Capital One Financial, Lockheed Martin, and the major telecommunications. Here we will touch on just the refreshers as it would be hard to take in-depth looks at all these individual companies and what this means for their place in the market.

Tesla went absolutely bonkers this week showing that it is still able to make massive moves in the market even after solidifying itself beyond the fast-moving type of tech stock from years ago. With wild jumps of around 20% making it seem as if it was like a crazy penny stock jumping but actually just another day in the current marketplace we live in where Tesla is now all the way up to a market capitalization of around 860 billion dollars and still pushing. Tesla did this due to their delivery of numbers around 72 cents a share for their earnings compared to the consensus estimates of around 60 cents a share combined with significant jumps in operating profit margins as well. This all makes Tesla quite an interesting company because there were for a bit most recently talks about it calming down its growth and being more consistent, and while that is still true Tesla under the helm of Elon still manages to push forth innovation with every step attempting to make more forward progress in manufacturing and in automobiles. With the most recent announcement being the Tesla autonomous taxi that could be coming in the future which is them continuing to expand into the marketplace and grow, which I find a push forth for marketplace dominance and innovation usually trumps playing the numbers game and falling stagnant.

Next, we also saw companies like PM and Capital One Financials make big jumps in the market this past week, as we also saw it complicated with the telecommunications earnings as they kinda jumped or kinda did the opposite, and then IBM, Seagate, and Lockheed all got hit well enough to note.

Philip Morris reported earnings of $1.91 a share but overall had significant increases across the board that we will go into more depth in another article but can be largely attributed to the success of Zyn in the states. But after that, we saw beats from Capital One Financials jumping a significant amount reporting earnings of $4.51 a share which was enough to lead to over a 5% jump Friday.

We also saw some companies hit the red in a big way like IBM which actually beat their earnings consensus but missed out on their revenue number and had some skeptics along with it leading the stock to take a little dip. We saw a similar scenario with Seagate and Lockheed Martin who both beat their earnings but were faced with mixed results as they say which led to a slight dip. But when you see companies as significant as these still continue to beat earnings but overall mixed results it definitely leads one to consider the many possibilities that come with it. Including maybe getting in at a cheaper price as companies like IBM have done quite well recently or potentially seeing if there is a basis for the drop other than the earnings results. But I find the results like these to be the most fun as they lead one to want to potentially take a deeper look and it is exactly what we will do at the FatNarwhal as we continue to try to analyze this ever-changing market. So, like always Narwhalers remember to continue to do your own research and don’t stop learning because we are the new unicorns on the block.