Good Week


Shares of the e-commerce giant jumped more than 11%, giving the broader market a boost, after the company reported better than expected second quarter revenue and issued an optimistic outlook. Revenue growth of 7% in the second quarter topped estimates, bucking the trend among its Big Tech peers.


Shares of Apple rose 3% after the company beat Wall Street profit and revenue forecasts, and CEO Tim Cook said he expects growth to accelerate despite “pockets of softness.” Sales of its iPhone saw double-digit growth in new customers.

on total shares outstanding, meaning only a tiny percentage of the stock is actively traded and not held by insiders. Of that float, roughly 50% is sold short, making the stock a prime candidate for a short squeeze.

American Express — Shares of the credit card company climbed 2.9% as growth in travel and entertainment spending helped American Express beat Wall Street estimates. The company reported $2.57 in earnings per share on $13.40 billion of revenue in the second quarter.

Bad Week


The Chinese e-commerce giant, fell sharply -9.87%. It was added Friday to a list of Chinese companies that face possible delisting from the Securities and Exchange Commission.

U.S. regulators have threatened the delisting of foreign companies if they don’t comply with U.S. accounting standards. More than 250 Chinese companies including Alibaba face U.S. delisting if the two countries can’t reach an agreement for U.S. regulators to review the financial audits of Chinese companies.


Roku shares plummeted 25% after the streaming company reported disappointing results for the second quarter, as it faces a slowdown in advertising. The company shared disappointing guidance for the current quarter, noting that dwindling ad spending and recessionary fears could continue to impact its business going forward, bank trading platforms.

What Else Happened?

Chevron, Exxon Mobil

The energy stocks jumped on the back of record profits reported in their second-quarter earnings, boosted by higher oil and gas prices. Chevron jumped 8.2%, and Exxon Mobil added 4.3%.

Bloomin’ Brands

Shares jumped 2.6% after Bloomin’ Brands reported second-quarter earnings that beat expectations. The restaurant company behind Outback Steakhouse and other brands earned 68 cents per share on revenue of $1.13 billion. It is Expected profits are likely to be 61 cents per share on revenue of $1.1 billion.

Stanley Black & Decker

Shares of the toolmaker slid 4%, building on a 16% loss that came after a disappointing quarterly report and guidance cut.

Procter & Gamble

The consumer goods company posted mixed second-quarter results, sending shares down 5%. Procter & Gamble also expects rising commodity costs will continue to be a challenge ahead.

Church & Dwight

Shares dropped 8.4% after the consumer goods company behind Arm & Hammer reported a revenue miss in its most-recent quarter, citing greater inflationary pressures, online share trading accounts.