Did you miss the market rebound? Apple and these 5 brand stocks are all up 30% from the bottom

While the jury is still out on whether June 16, 2022 marked a low that markets will not return to this year, stocks have rallied.

The S&P 500 has fallen six times in seven sessions amid broad-based selling and growing recession concerns in response to actions by global central banks to tackle rising inflation after the Reserve’s biggest rate hike Federal since 1994.

The Fed issued an aggressive 75 basis point rate hike in June, it issued another 75 basis point rate hike in July and is considering a third rate hike in September.

Since June 16, the S&P 500 has climbed 15.04%, supported by the heaviest stocks in the index, including Apple and Amazonboth of which have climbed above 15%.

Also Read: These 3 Dividend-Yielding Stocks Are Warren Buffett’s Most Held Positions in Berkshire

Take a look at how these six brand actions have progressed since June 16.

Apple Inc. AAPL
June 16: $129.04
August 11: $169.61
Change: 30.40%

Apple released its latest earnings report at the end of July, beating both the top and bottom results. EPS was $1.20 and total bookings were $83 billion. CEO Tim Cook gave no formal guidance for the next quarter, but said, “In terms of the overall outlook, we expect revenue to accelerate in the September quarter despite some pockets of weakness.”

Tesla Inc. TSLA
June 16: $639.30
August 11: $870.45
Change: 36.16%

Tesla released its most recent results in mid-July, beating consensus estimates on the top and bottom results. Total revenue was $16.9 billion and EPS was $2.27. The company also increased its cash position from $800 million to $18.3 billion during the quarter by selling a portion of its Bitcoin BTC/USD assets.

Tesla shareholders have approved a 3-1 stock split that will take effect August 25.

Netflix Inc. NFLX
June 16: $173.35
August 11: $246.99
Change: 42.49%

Netflix released its latest earnings in mid-July, showing it lost fewer subscribers than the company expected in the first quarter. Total revenue was $7.97 billion and EPS was $3.20. The company said it expects to add about 1 million users in the third quarter.

The streaming service plans to launch its ad-supported tier in early 2023.

Related: 2022 Returns for Investors and Pandemic Darlings: You Won’t Believe This Stock That’s Positive for the Year

Amazon.com, Inc. AMZN
June 16: $103.66
August 11: $141.97
Change: 37.01%

Amazon’s end-of-July earnings report showed revenue growth of 7%, helped by an increase in Amazon Web Services bookings, with total revenue of $121.23 billion versus an estimate of $119.09 billions of dollars. The company lost $3.9 billion in the quarter due to its investment in a plug-in truck maker Rivian Automobile Inc. SHORE.

The company gave a positive outlook, saying it expects to report between $125 billion and $130 billion in the third quarter.

PayPal Holdings Inc. PYPL
June 16: $71.23
August 11: $100.01
Change: 40.38%

PayPal released its second-quarter results in early August, which showed total bookings of $6.81 billion, ahead of analysts’ estimates. The company generated $339.8 billion in total payments volume, up from $311.0 billion in the second quarter of 2021.

The company also announced a new chief financial officer and an investment of nearly $2 billion from Elliott Management Corp. activist investors.

Block Inc. SQ
June 16: $57.51
August 11: $87.88
Change: 52.62%

Block released its results in early August, beating out the top and bottom results. Total revenue was $4.4 billion, while EPS was $0.18. The company generated $755 million in gross profit in the second quarter, an increase of 29% year-over-year and 30% on a three-year CAGR basis.

Block owns the Square, CashApp and Afterpay payment systems. It owns web hosting service Weebly and music streaming service Tidal.

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