Luukas Komu @Monstertruck123: "AMD and Shopify Earnings!! Two big..."

Finland

AMD and Shopify Earnings!! Two big positions for the portfolio reported earnings yesterday. Both stocks went down after their reports, but the actual numbers and business are trending up, in a great way. $AMD (Advanced Micro Devices Inc) Revenue +35.6 % Net Income +42.5 % Earnings per share + 40.7% Every single segment of AMD’s business is improving. Growth rates are accelerating (and will continue to do so for a long time). So why is the stock down after earnings? Because of market sentiment. People are feeling a bit risk-off. The Nasdaq is down 3% since it’s ATH last week, and the market is trending lower. Nothing more to it. The future is very bright for AMD! $SHOP (Shopify Inc.) Revenue +31.5 % Operating income +21.2 % Shopify missed some numbers this past quarter, but their guidance indicates great times to come in the future. They expect revenue to keep growing at a ”mid- to high-twenties range”, compared to Wall Street estimates of 23%. Nothing to worry about here for Shopify, great times ahead. $QQQ (Invesco QQQ) $SPY (State Street SPDR S&P 500 ETF) $SPX500