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Tech-Tonic Shifts, Oil Stocks Surge, Roku Rocked 7/29/22

Tech-Tonic Shifts, Oil Stocks Surge, Roku Rocked 7/29/22

FromSquawk on the Street


Tech-Tonic Shifts, Oil Stocks Surge, Roku Rocked 7/29/22

FromSquawk on the Street

ratings:
Length:
44 minutes
Released:
Jul 29, 2022
Format:
Podcast episode

Description

Carl Quintanilla and Jim Cramer started the show by breaking down quarterly results from big tech stocks Apple and Amazon. Apple reported a beat on revenue and profit, and said it’s expecting growth to accelerate despite “pockets of softness.” Amazon shares jumped on its revenue beat and rosy guidance for the third quarter. Separately, the anchors also broke down tough quarters from both Roku and Intel. The chip giant Intel reported its biggest revenue miss since 1999 and Roku shares plunged more than 20% on its results. Also in the mix: energy names Exxon and Chevron both posted record quarterly profits as commodity prices boom.
Released:
Jul 29, 2022
Format:
Podcast episode

Titles in the series (100)

The opening hour of CNBC’s “Squawk on the Street” with Carl Quintanilla, Jim Cramer and David Faber is broadcast from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential Chief Executive Officers and greatest market minds.