| October 30, 2024 | Listen Online | Read Online |
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Google Cloud’s AI Growth 🚀
Plus, AMD’s unimpressive outlook. |
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| Today is Wednesday, October 30, 2024. |
| The Early Bird Index today is 74.82. |
| New to this newsletter? Sign up here |
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Google Cloud’s AI Growth 🚀
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| Google parent Alphabet (Nasdaq: GOOGL) jumped 5.80% in after-hours trading on Tuesday after posting strong financial earnings results. |
| Financials: Alphabet reported earnings of $2.12 per share in the past quarter and revenue of $88.3 billion; both were better than expected. |
| Powering the Story: Revenue for Google Cloud surged by 35% (wow), which the company attributed to growth across artificial intelligence infrastructure and generative AI solutions. |
| Early Bird’s Nest Egg Gains: The cloud computing business is experiencing significant growth because businesses that use AI need massive computational power and storage capacity from the cloud. |
| Final Thoughts: Alphabet is up 22% this year thanks to continued strong financials. |
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Whiskey Investing: Consistent Returns with Vinovest
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| Whiskey has consistently matured and delivered noteworthy exits. With the most recent exit at 30.7%, Vinovest’s track record supports whiskey’s value growth across categories such as Bourbon, Scotch, and Irish whiskey. |
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| Schedule a call with a Vinovest advisor to learn more. |
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Notables
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| Notable Earnings Today: Meta Platforms (Nasdaq: META), Eli Lilly (NYSE: LLY), Microsoft (Nasdaq: MSFT), Coinbase Global (Nasdaq: COIN), Starbucks (Nasdaq: SBUX), Global Payments (NYSE: GPN), Robinhood Markets (Nasdaq: HOOD), Caterpillar (NYSE: CAT), DoorDash (Nasdaq: DASH), MGM Resorts (NYSE: MGM), Biogen (Nasdaq: BIIB), Etsy (Nasdaq: ETSY), Roku (Nasdaq: ROKU), AbbVie (NYSE: ABBV), Brinker International (NYSE: EAT), Riot Platforms (Nasdaq: RIOT), Shake Shack (NYSE: SHAK), Humana (NYSE: HUM), Fiverr (NYSE: FVRR), Kraft Heinz (Nasdaq: KHC), Paramount Group (NYSE: PGRE), Automatic Data Processing (Nasdaq: ADP), JinkoSolar (NYSE: JKS), Twilio (NYSE: TWLO), Booking Holdings (Nasdaq: BKNG), Clorox (NYSE: CLX), eBay (Nasdaq: EBAY), Carvana (NYSE: CVNA), Teladoc (NYSE: TDOC), CDW (Nasdaq: CDW), Wingstop (Nasdaq: WING), Sunnova Energy (NYSE: NOVA), Garmin (NYSE: GRMN), NETGEAR (Nasdaq: NTGR), GE HealthCare (Nasdaq: GEHC), GlaxoSmithKline (NYSE: GSK), GoDaddy (NYSE: GDDY), Advanced Energy (Nasdaq: AEIS), AerCap (NYSE: AER), Alkami Technology (Nasdaq: ALKT), Allegiant Travel (Nasdaq: ALGT), Alphatec (Nasdaq: ATEC), Altair Engineering (Nasdaq; ALTR), Amgen (Nasdaq: AMGN), Arvinas (Nasdaq: ARVN), Avanos Medical (NYSE: AVNS), Avnet (Nasdaq: AVT), Axalta Coating Systems (NYSE: AXTA), Bausch + Lomb (NYSE: BLCO), Bausch Health (NYSE: BHC), Benchmark Electronics (NYSE: BHE), Bio-Rad Labs (NYSE: BIO), Blackbaud (Nasdaq: BLKB), Bunge (NYSE: BG), C.H. Robinson (Nasdaq: CHRW), Clean Harbors (NYSE: CLH), Clearway Energy (NYSE: CWEN), Cognizant Technology Solutions (Nasdaq: CTSH), Columbia Sportswear (Nasdaq: COLM), Columbus McKinnon (Nasdaq: CMCO), Compass Diversified (NYSE: CODI), Confluent (Nasdaq: CFLT), Energy Recovery (Nasdaq: ERII), Envista (NYSE: NVST), Equinix (Nasdaq: EQIX), Ethan Allen (NYSE: ETD), Exelon (Nasdaq: EXC), Extreme Networks (Nasdaq: EXTR), Federal Realty (NYSE: FRT), Flex (Nasdaq: FLEX), Fortive (NYSE: FTV), Gates Industrial (NYSE: GTES), Gen Digital (Nasdaq: GEN), Gentherm (Nasdaq: THRM), Group 1 Auto (NYSE: GPI), Herbalife Nutrition (NYSE: HLF), Hercules Capital (NYSE: HTGC), Hess Midstream Partners (NYSE: HESM), Houlihan Lokey (NYSE: HLI), Illinois Tool Works (NYSE: ITW), Informatica (NYSE: INFA), InMode (Nasdaq: INMD), Informatica (NYSE: INFA), Intra-Cellular Therapies (Nasdaq: ITCI), Kirby (NYSE: KEX), iRhythm (Nasdaq: IRTC), KLA Corporation (Nasdaq KLAC), Leonardo DRS (Nasdaq: DRS), LivaNova (Nasdaq: LIVN), LPL Financial (Nasdaq: LPLA), Materion (NYSE: MTRN), Matson (NYSE: MATX), Merit Medical (Nasdaq: MMSI), MetLife (NYSE: MET), MicroStrategy (Nasdaq: MSTR), Mister Car Wash (NYSE: MCW), Monolithic Power (Nasdaq: MPWR), Neurocrine Biosciences (Nasdaq: NBIX), NiSource (NYSE: NI), NovoCure (Nasdaq: NVCR), NV5 Global (Nasdaq: NVEE), Oil States (NYSE: OIS), Omnicell (Nasdaq: OMCL), Oshkosh (NYSE: OSK), Otis Worldwide (NYSE: OTIS), Parsons (NYSE: PSN), Paycom Software (NYSE: PAYC), Paylocity (Nasdaq: PCTY), ProPetro (NYSE: PUM), Prudential (NYSE: PRU), Remitly Global (Nasdaq: RELY), Reynolds Consumer Products (Nasdaq: REYN), Root, Inc. (Nasdaq: ROOT), Rush Enterprises (Nasdaq: RUSHA), Silgan Holdings (NYSE: SLGN), Sleep Number (Nasdaq: SNBR), Sprouts Farmers Market (Nasdaq: SFM), SPX Technologies (NYSE: SPXC), STAAR Surgical (Nasdaq: STAA), Stem (NYSE: STEM), Stepan (NYSE: SCL), Tenable (Nasdaq: TENB), Tradeweb Markets (Nasdaq: TW), Trinity Capital (Nasdaq: TRIN), Trupanion (Nasdaq: TRUP), TTM Technologies (Nasdaq: TTMI), United Therapeutics (Nasdqq: UTHR), Verisk Analytics (Nasdaq: VRSK), Vulcan Materials (NYSE: VMC), WillScot Mobile Mini (Nasdaq: WSC), XPO (NYSE: XPO), Zimmer Biomet (NYSE: ZBH). |
| Notable IPOs Today: N/A. |
| Notable Equity Crowdfunding Campaigns Ending Today: Ecodunia (Honeycomb), The Ordinary Fellow (Honeycomb), Silver Branch Brewing Company (Honeycomb), Yacht Water (Wefunder), Pop Pop Hurray (Honeycomb), Foster’s Kitchen (Honeycomb), Cottonwood Creek Brewery & Smokehouse (Honeycomb), Beanchain Coffee (Honeycomb), WANDER (Honeycomb). |
| Notable Economic Events Today: ADP Nonfarm Employment Change (8:15 a.m. ET), GPD (8:30 a.m. ET), Core PCE Prices (8:30 a.m. ET), Pending Home Sales (10:00 a.m. ET), Crude Oil Inventories (10:30 a.m. ET). |
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