Earnings season is becoming fiercer than the norm.
It's not just the sheer volume of the reports, that's constant every three months when companies spill the beans to interested investors. No, rather it's how many different potential stock-crushing stories (or stock-price igniters) come out of a single three-page earnings report. On the one hand, it's great to see people thinking on a granular level but damn, it all creates some serious whipsawing as thoughts are displayed across Twitter and various news sites.
Here are some thoughts from yours truly, who is currently in the trenches reading everything from a story on horse meat to assessing how bad a job Twitter (TWTR) CEO Jack Dorsey is doing.
- Boeing (BA) had a great quarter, in effect stunning Wall Street. But it's time to take profits on this richly valued industrial. And for that matter, Caterpillar (CAT) . The economy just isn't as strong as investors think, something reaffirmed in my chat with United Parcel Services' (UPS) CFO this morning.
- Twitter needs to sell its business to the highest bidder. This was never a public company from day one. Now it needs to go away and be run by the adults at Alphabet (GOOGL) .
- Speaking of UPS, their new surge pricing is fascinating. Expect online ordered gifts to cost more. And expect UPS and FedEx (FDX) to continue to explore price hikes to counteract soaring infrastructure costs.
- McDonald's (MCD) comeback is starting to be felt across the fast-food industry. It played out to a certain extent in Dunkin Brands' (DNKN) results. Wall Street analysts probably still don't appreciate the Golden Arches Come Effect.
- Snap's (SNAP) quarter could be an all out disaster judging by the strength in Facebook's (FB) numbers.
- The surprise Nasdaq selloff on strong earnings from Facebook, Microsoft (MSFT) is mildly disturbing.
- PayPal (PYPL) is likely still being undervalued by the market. This company would be a great acquisition for Amazon (AMZN) . If Amazon is buying jets so it could control its supply chain, it should buy a payments company, too.
UPS CFO Interview
Give this a watch, tweet me your thoughts @BrianSozzi.
Jim Cramer and the AAP team hold positions in Facebook and Alphabet for their Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells FB or GOOGL? Learn more now.
More of What's Trending on TheStreet:
- AstraZeneca Takeover Chatter Bubbles Up Again After Massive Drug Trial Disappointment
- Here's How You Can Get a Decent Job at Amazon on August 2
- Ford's Most Popular Pickup Truck Turns 100 Years Old on Thursday - Here's a Look Back
- How Amazon's Jeff Bezos Surpassed Bill Gates to Become the Richest Person on the Planet