Varun @iamadusumilli

Netflix $NFLX reported beating earnings ~EPS: $5.28 vs $4.52 ~Rev: 9.37 billion vs 9.27 billion Stick was down 5% AH HERES WHY ❌ ~Netflix to end reporting quarterly membership numbers next year❌ #BreakingNews #FederalReserve

#interestrates have kicked in after 24 months. Seafood restaurant chain Red Lobster is considering chapter 11 bankruptcy amid struggles with slower restaurant sales and inflation. #Fed #FederalBudget #BREAKING

Net income down 30% and laying off❌

Varun @iamadusumilli

3 days ago

Net income down 30% and laying off❌ https://t.co/CtULylHWyk

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$JBHT reported Q1 down -5.6% AH here’s why ~EPS: $1.22, est $1.52 ❌ ~Rev: $2.94B,est $3.12B❌ JB Hunt with a double miss Dec in op inc was primarily due to a combo of low vols and yield pressure in JBI, ICS & JBT, & inc in equipment, insurance and claims, and bad debt expense

$JPM reported earnings beating expectations ~ Earnings: $4.44 per share, vs. expected $4.11 ~ Revenue: $42.55 billion, vs. expected $41.85 billion #BreakingNews #earnings

CPI 3.5%, est 3.4% ❌ Excluding volatile food and energy components- core CPI also accelerated 0.4% on a monthly basis while rising 3.8% from a year ago, compared to respective estimates for 0.3% and 3.7%. #BreakingNews #economy #CPI

US economy adds 303k jobs in March, est of 212k The unemployment rate FELL to 3.8%, below expectations of 3.9%. US added jobs for 39 straight months. #ratecuts are out of picture for this year. IMHO #BreakingNews #FederalReserve

Credit scores dec⬇️ for the first time in a decade, more borrowers fail to make payments ~The nation avg #creditscore fell to 717, according to a new report from FICO. ~ Another sign of a weakening consumer as high #intrestrates are hurting #consumers #BREAKING #BREAKINGNews

$NVDA reported Q4 beating expectations ~Rev $22.10B, est $20.41B ✅ ~Data center rev $18.4B, est $17.21B ~Gaming rev $2.9B, est $2.72B ~Prof Viz rev $463M, est $435.5M ~Automotive rev $281M, est $272.1M ~Free cash flow $11.22B, est $10.82B #Nvidia

MI HOMES $MHO reported Q4 and down 9% here’s why‼️ Net income down 19% to $105.3m ❌ Rev down 20% to $972.6m❌ Homes delivered down 15% to 2,019❌ #BreakingNews

#Fed rate hikes and QT effects. Reported #Layoffs past few months PayPal: Internal memo Microsoft:1200 Blackrock:3% Citigroup:20K UPS:12K Twitch:35% Hasbro:20% Spotify:17% Levi's:15% Zerox:15% Qualtrics:14% Wayfair:13% Duolingo&Washington Post:10% eBay:9% Macy's:4% #economy

$UPS beats on EPS, missing Rev for the quarter. 🔴 Down 7% pre market here’s why‼️ ~Sees FY24 Revenue $92B-$94.5B, est $95.57B❌ ~ Announces 12k job cuts ~EPS: $2.47, est $2.44✅ ~Rev: $24.92B, est $25.48B❌ ~Increased Quarterly Dividend to $1.63 from $1.62✅ #BREAKING

$MMM 3M reported strong Q4 results, yet shares plunged Rev: $8.0B, est $7.70B ✅ EPS: $2.42, est $2.31 ✅ Stock is down 12% after strong Q4 results here’s why‼️ ~Sees 2024 EPS $9.35 To $9.75, est $9.81❌ ~ Lowered profit forecast squeezed by slow China demand and electronics❌

$W wayfair up 15% pre market here’s why🟢 Announced laying off 13% of global workforce, including 19% of its corporate team, to save the company about $280M Wants to rightsize engineers to as those in business, product, design, research and analytics roles #BREAKING #economy

$IRBT iRobot shares tank 40% after hours on report EU plans to block Amazon $AMZN acquisition #BREAKING #ElonMusk

$M Macy’s to cut more than 2,300 jobs, about 3.5% of its workforce, as it moves to cut costs‼️ #jobcuts #EconomicUpdate

Breaking 🚨 Sheryl Sandberg says she’s leaving $META board #stockmarketcrash

$SAVE Sprit airlines down 48% intraday to $7.92 Here’s why: Fed judge in Boston ruled against JetBlue’s $JBLU proposed $3.8B acquisition POINTING increased fares for flyers, particularly for discount airlines Spirit’s customers and significant debt for $JBLU #snow

$PNC PNC Financial reported Q4 misses on earnings and beats on revenue ~EPS $1.85, est $2.57 ~REV 5.36B, est $5.29B Key highlights ~Total Rev of $5.4B increased $128M, or approx 2%, due to higher noninterest income ~Net interest income of $3.4B was stable