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Amazon, Apple raise hopes as investors brace for slowdown

Saturday, July 30, 2022

By Eva Mathews

(Reuters) - Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN) added about $175 billion to their combined market value on Friday after upbeat results boosted investor confidence on the ability of these firms to weather a slowdown in the economy.

While analysts noted these companies were not completely immune to broader economic hurdles, they said the weakness in consumer spending is not likely to send these firms into the red, deeming them "always reliable to buck the trend."

Amazon's shares rose about 11% to $135.50 after the e-commerce titan forecast upbeat third-quarter revenue, while those of Apple rose more than 3% as the company said appetite for iPhones remained strong despite consumers tightening spending.

"The results are good enough to support Apple's stock which has done much better in the current market rout, further justifying the company's 'safe haven' status when the going gets tough," Haris Anwar, Investing.com analyst, said.

The U.S. stock market's hyper surge in the past decade has been fuelled by high-growth and megacap companies, but rising interest rates to combat decades-high inflation as well as a sharp rally in the dollar have taken a toll since the start of the year.

Earlier this week, upbeat results from Alphabet (NASDAQ:GOOGL) and Microsoft (NASDAQ:MSFT) reassured investors burnt by a slump in their shares in the first half of the year.

Amazon, like much of the retail industry, is bracing for a pullback in consumer spending as people stick to lower-priced essentials to tide over economic woes.

The e-commerce giant's booming cloud business, coupled with a ramp up in service offerings, is likely to help cushion the impact of soaring costs.

Kingsview Investment Management portfolio manager Paul Nolte, however, was more skeptical in the light of warnings from some major retailers including Walmart (NYSE:WMT).

"We think that the consumer is not as strong as maybe portrayed by the reaction to Amazon."

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19-08-2022 15:52:13 (UTC+7)

EUR/USD

1.0082

-0.0006 (-0.06%)

Summary

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Moving Avg:

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Indicators:

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EUR/USD

1.0082

-0.0006 (-0.06%)

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↑ Sell

Moving Avg:

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GBP/USD

1.1884

-0.0046 (-0.39%)

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Sell (8)

USD/JPY

136.41

+0.54 (+0.39%)

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↑ Sell

Moving Avg:

Buy (1)

Sell (11)

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AUD/USD

0.6905

-0.0013 (-0.19%)

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Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (5)

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USD/CAD

1.2979

+0.0032 (+0.25%)

Summary

↑ Buy

Moving Avg:

Buy (12)

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Buy (7)

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EUR/JPY

137.55

+0.47 (+0.34%)

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EUR/CHF

0.9653

+0.0001 (+0.02%)

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Gold Futures

1,767.70

-3.50 (-0.20%)

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Buy

Moving Avg:

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Sell (4)

Indicators:

Buy (5)

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Silver Futures

19.175

-0.289 (-1.48%)

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↑ Buy

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Buy (8)

Sell (4)

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Buy (9)

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Copper Futures

3.6225

-0.0090 (-0.25%)

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Neutral

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Buy (4)

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Crude Oil WTI Futures

89.20

-1.30 (-1.44%)

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Brent Oil Futures

95.22

-1.37 (-1.42%)

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Natural Gas Futures

9.079

-0.109 (-1.19%)

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↑ Sell

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Sell (12)

Indicators:

Buy (2)

Sell (6)

US Coffee C Futures

215.25

+0.45 (+0.21%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (1)

Euro Stoxx 50

3,745.85

-31.53 (-0.83%)

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Neutral

Moving Avg:

Buy (4)

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Indicators:

Buy (6)

Sell (2)

S&P 500

4,283.74

+9.70 (+0.23%)

Summary

Sell

Moving Avg:

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Sell (8)

DAX

13,578.65

-118.76 (-0.87%)

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Neutral

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Indicators:

Buy (6)

Sell (1)

FTSE 100

7,525.10

-16.75 (-0.22%)

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Neutral

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Indicators:

Buy (7)

Sell (1)

Hang Seng

19,772.50

+8.59 (+0.04%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (3)

US Small Cap 2000

2,000.73

+13.41 (+0.68%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (4)

Sell (2)

IBEX 35

8,343.90

-86.40 (-1.02%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (9)

BASF SE NA O.N.

43.197

-0.243 (-0.56%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (7)

Sell (1)

Bayer AG NA

53.24

-0.82 (-1.52%)

Summary

Sell

Moving Avg:

Buy (2)

Sell (10)

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Buy (3)

Sell (3)

Allianz SE VNA O.N.

175.65

-2.87 (-1.61%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Adidas AG

166.08

-1.44 (-0.86%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (0)

Deutsche Lufthansa AG

6.319

-0.247 (-3.76%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (9)

Siemens AG Class N

109.32

-0.94 (-0.85%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (7)

Sell (1)

Deutsche Bank AG

8.598

-0.270 (-3.04%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (10)

 EUR/USD1.0082↑ Sell
 GBP/USD1.1884↑ Sell
 USD/JPY136.41↑ Sell
 AUD/USD0.6905Neutral
 USD/CAD1.2979↑ Buy
 EUR/JPY137.55↑ Sell
 EUR/CHF0.9653↑ Sell
 Gold1,767.70Buy
 Silver19.175↑ Buy
 Copper3.6225Neutral
 Crude Oil WTI89.20↑ Sell
 Brent Oil95.22↑ Sell
 Natural Gas9.079↑ Sell
 US Coffee C215.25↑ Buy
 Euro Stoxx 503,745.85Neutral
 S&P 5004,283.74Sell
 DAX13,578.65Neutral
 FTSE 1007,525.10Neutral
 Hang Seng19,772.50Neutral
 Small Cap 20002,000.73↑ Buy
 IBEX 358,343.90↑ Sell
 BASF43.197Neutral
 Bayer53.24Sell
 Allianz175.65↑ Sell
 Adidas166.08↑ Buy
 Lufthansa6.319↑ Sell
 Siemens AG109.32Neutral
 Deutsche Bank AG8.598↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,600/ 6,700
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SJC HCM6,620/ 6,720
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SJC Hanoi6,620/ 6,722
(0/ 0) # 1,747
SJC Danang6,620/ 6,722
(0/ 0) # 1,747
SJC Nhatrang6,620/ 6,722
(0/ 0) # 1,747
SJC Cantho6,620/ 6,722
(0/ 0) # 1,747
Cập nhật 19-08-2022 15:52:15
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RON 95-V25.34025.840
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Dầu hỏa 2-K23.32023.780
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$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.235,0023.545,00
EUR22.981,7524.268,73
GBP27.175,3928.334,31
JPY167,13176,93
KRW15,2618,59
Cập nhật lúc 15:46:22 19/08/2022
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