Market Movers, July.26th

GDP numbers being released today at 8:30am. Median forecast is 2%

SMSI beats on earnings, reports $10.9 million in revenue for the second quarter vs $6.9 million reported in the second quarter ended June 30, 2018. The stock is currently up 25% on 21,343 shares traded as of 7:04am. Read more

Google beats on earnings, revenue up 19% versus the second quarter of 2018. Up 8.8% on 19,140 shares traded at 7:25am. Full report

7:22am, Vodafone up 8.8% on 97,083 after reporting positive Q1 2020 earnings. Read more

“Apple to Buy Intel Modem Unit to Jumpstart In-House 5G Plans”. Bloomberg. INTC is currently up 4.5% on 143,583 shares traded as of 7:38am

7:40am, Twitter up 6.5% on 2,720,652 shares traded after beating on revenue an reporting an increase in daily users. This is a big development because Twitter has been deleting spam accounts or people who promote “hate speech”. Read more at CNBC

7:38am, AMZN down 1.5% on 29,503 shares traded after reporting earnings below analyst expectations. Revenue was $63.4 billion, up from $52.9 billion a year ago, and earnings were $2.6 billion, or $5.22 a share, up from $5.07 a year ago. Read more  

7:50am, Starbucks up 6.3% on 32,895 shares traded after reporting GAAP Earnings Per Share of $1.12, up 84% over the prior year.

8:18am, Dow futures up 76 points

GDP numbers in: 2.1% growth, beating estimates by .1% . Link

Health Insurance Innovations, Inc. considering buyout options in response to their poor performance. Currently up 14% on 74,288 shares traded as of 9:07am . Read more

CARB reports increased revenue of $121.5 million increased 56% year-over-year, but a net loss of ($11.3) million, compared to net loss of ($5.7) million in 2018. Reduces guidance. Currently down 24 on 97,071 shares traded as of 9:14am. Full report

S&P 500, Nasdaq close at record highs again, CNBC reports

Stay tuned for updates!

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