Transcript:
Tom Vaughan:
Hello, everybody, welcome to Wednesday, the S&P 500 was up point 2%. Today, largely driven by the earnings that reported last night. VSA beat expectations. They were up six and a half percent today, Microsoft beat expectations they’re up 4.7%. Today, Google unfortunately missed expectations, they were down 3.7% today, but overall, the earnings report has been very good. And that’s driving the market very typical of what we see at this time of the year when these earnings start to come out. We just had earnings reports come out from Facebook, which was now known as meta, they did really well versus expectations. They’re actually up 9% After hours, then of course, we have Qualcomm did really well, they’re up and then Pinterest is another one that’s up. So, you know, hopefully that means tomorrow, we’ll have some good news, you know, for the market also does these things come through? Apple’s going to be reporting, you know, after hours tomorrow, so we’ll see how that plays out. That’s always a big one, too. So, really interesting, we are hearing an awful lot about, you know, what happened in Russia to the companies.
You know, for example, you know, Netflix lost 700,000 Russian subscribers, they ended up losing 200,000 subscribers for the quarter. So obviously, that Russia loss was a big deal. As far as that goes, you know, we’re hearing things from Google about some of their ad revenues are down because they’re not in Russia, those types of things. The one thing about the Russian situation, as far as it hitting earnings from the withdrawal, obviously, it’s a one time thing. So that shouldn’t be a too big of an issue. Although they did punish Google a little bit today. So we’ll see how that plays out. But obviously, the bigger issue is really China. And I mentioned yesterday, Texas Instruments, you know, they’re, they have customers in China, where they’re trying to sell their chips to be used in these factories, but when the factories closed down, because the lock downs, and obviously, they can’t sell those chips. And so it’ll be more interesting piece to see what happens in China altogether, and see how that plays out with this situation.
So really interesting timeframe, of course, I still think this is a great opportunity to accumulate quality stocks, we did a rebalance today, I think it’s a great time to be buying things like Apple and Microsoft and semiconductor companies and, and just the stock market in general, because it’s down, I think it’s, you know, one of these things where you have to have some patience, this is a totally different market than we were in before. Because you have to have a lot more patience, it isn’t something we’re gonna see every single month, you know, the value of the accounts go up, I’m much more focused on what might be happening by the end of the year, or even by the end of a couple years from now in that timeframe. And so you want to be an investor right now. And you just want to accumulate high quality things that you want to buy if they get cheaper. And that’s what I basically have been doing all year long as I have a portfolio that I believe in. And as things come down, I just rebalance and buy some of those pieces that I think you know, in a year, two years, three years, whatever it’s going to take, they will be higher, hopefully than what the market actually would have made all by itself. So that’s that’s the outlook right now. I think you have to be, you know, opportunistic here and really look for some opportunities. And that’s certainly what I’ve been doing. So, look forward to talking to you tomorrow. Thank you very much.