Big Tech Booms, Big Oil Busts & The Return Of Rate Cuts? Plus: GOOGL, AZN, HSBA, BARC, LLOY, BP, ABF, RR, MSFT, META, TPK, ROO, NXT, IAG, JDW, UBER, DIS

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In another packed stock market podcast Michael Brown (Senior Market Strategist from Pepperstone) and I talk about the divergence between a bleak and uncertain economic outlook and some of the positive results we’ve seen this week from the likes of AstraZeneca, Barclays, Lloyds, Alphabet, Microsoft and Meta and whether we are being too negative on where things are economically. We also look ahead to next week’s Federal Reserve and Bank of England meetings and when to expect the next rate cut.

Stocks discussed on this week’s podcast:

GOOGL, AZN, HSBA, BARC, LLOY, BP, ABF, RR, MSFT, META, TPK, ROO, NXT, IAG, JDW, UBER, DIS

Plus:

• April saw a significant recovery in financial markets after a turbulent start.
• Central banks are adopting diverging strategies in response to economic conditions.
• Earnings season has produced mixed results, with some companies outperforming expectations.
• The energy sector is facing challenges, particularly with companies like BP.
• Pharmaceutical companies like AstraZeneca are experiencing volatility despite strong earnings.
• Retail performance is mixed, with companies like Next raising guidance while others struggle.
• Tech giants are showing resilience, with strong revenue growth in cloud services and advertising.
• Market sentiment remains cautious, with concerns about inflation and economic growth.
• The UK housing market is showing regional variations in performance.
• Investors are closely watching upcoming earnings reports for further insights into economic health.

Chapters:

• 00:00 – Market Overview and April Recap
• 05:51 – Central Bank Policies and Economic Outlook
• 08:45 – Alphabet (Google) – Strong earnings, ad revenue steady
• 08:55 – AstraZeneca – Profits up, market unimpressed
• 09:20 – HSBC – Mixed results, Asia concerns
• 13:58 – Barclays – Strong profits, resilient business
• 17:55 – Lloyds Banking Group – Decent results, share dip
• 23:03 – HSBC (again) – UK profits weak, Asia key
• 23:43 – BP – Big miss, weak leadership
• 29:05 – Associated British Foods – Weak sugar unit, mixed retail
• 32:58 – Rolls-Royce – Solid update, nuclear hopes
• 34:43 – Alphabet (again) – Strong growth, Waymo losses
• 37:43 – Microsoft – Cloud strength, optimistic outlook
• 39:45 – Meta Platforms – Big earnings, high CapEx
• 42:14 – Travis Perkins – Weak core, Toolstation strong
• 45:39 – Deliveroo – DoorDash bid, undervalued UK
• 48:24 – US GDP and Federal Reserve Outlook
• 49:58 – Bank of England’s Potential Rate Cuts
• 50:57 – Next – Guidance watch, near record highs
• 51:49 – International Airlines Group – US travel concerns linger
• 53:01 – JD Wetherspoon – Strong trading, inflation headwinds
• 54:26 – Uber – Works well in US
• 54:48 – Disney – Weak stock, peak season test