The dangerous information is that the proportion of corporations beating earnings is the bottom it’s been since 2015.
The excellent news, at the very least within the brief time period, is that not dangerous is perhaps adequate.
Google, which missed on the highest and backside line for the second quarter, is up 3% within the after hours. The inventory was down 30% from its highs going into the print, so it seems that buyers had discounted the frustration.
Google’s income grew 13% within the second quarter, the slowest progress since 2015 (exterior of the pandemic). Not nice, however undoubtedly not dangerous.
We acquired a barrage of corporations reporting after the shut*, and Josh and I’ll get to them and far more on tonight’s What Are Your Ideas?
* The Quartr app retains getting higher. For those who’re into particular person corporations, you gotta use this (shareholder, full disclosure)