Amazon can't lose

• Amazon crushes earnings: Amazon (AMZN) overshot expectations for its Q2 earnings with multiple business segments (especially AWS) growing by mid-to-high teens. Add in perhaps the best company earnings call from recent memory, and it’s no surprise the stock spiked 8%. (Yahoo)
  

• It’s non-farm payrolls day: The all-important payrolls report drops at 8:30 a.m. EST. Forecasts are for 200,000 added jobs in July. While that would be the weakest print since 2020, it’s still strong historically and may fuel bets on more Fed hikes. (Trading Economics)

• Bank of England raises rates again: The BOE raised interest rates by 0.25% (its 14th consecutive hike) as inflation remains stubbornly high. (CNN)
  

• More oil cuts: Saudi Arabia will extend a voluntary oil output cut of one million barrels per day for another month to include September, adding it could be extended beyond that or deepened. (Reuters)
  

• iPhone sales are slumping: Apple (AAPL) reported its third straight quarter of revenue declines as it struggles to sell iPhones. Meanwhile, the services unit – home to the App Store, TV, & Music – hit a record $21 billion in sales. (WSJ)
  

• KKR to buy major book publisher: Private-equity firm KKR (KKR) is in advanced talks to acquire Simon & Schuster for $1.65 billion, capping a years-long effort by Paramount Global (PARA) to sell the publisher. (WSJ)
  

• Rolls Royce turnaround: Rolls Royce (RR) has reported $854 million in H1 profit, representing a 5x YoY increase. The stock is now up 140% over the past year Tufan Erginbilgic took over the company in January. (Guardian)
  

• Ackman shorts 30-year treasuries: Bill Ackman has placed a bet against U.S. 30-year Treasuries, calling it both a hedge on the impact of higher long-term rates on stocks and a good standalone bet. (Reuters)
  

• Buffett shrugs off Fitch downgrade: Buffett notes the concerns are valid, and that he doesn’t agree with everything the Fed is doing… but it’s not enough to change his views on U.S. Treasuries and the dollar. (CNBC)

• Mini meme stock bubble bursting? (@beentherecap)

• How ESPN went from Disney’s financial engine to its problem (NYT)

• Bizarre-looking whale may have been heaviest animal ever (SA)

• FCC fines robocaller a record $300M (TechCrunch)

• How an ex-Goldman banker fought US sanctions over Russia – and won (Bloomberg)

• Two US Navy sailors charged with spying for China (BBC)

Share Stocks & Income → Get Our Free Report

We just launched our brand new report: 5 Stocks Paying 10% Yields... You Probably Haven't Heard Of.

Want access? All you have to do is refer 1 friend to Stocks & Income with your personal referral link and we will send the report to you for free.

You can also copy/paste the link here: https://stocks-income.beehiiv.com/subscribe?ref=PLACEHOLDER

Thunderclap Research is a professional investment research firm focused on understanding and profiting from market anomalies.

We take both a quantitative and qualitative approach to research and focus extensively on strategies for established money managers and everyday retail investors.

We are a small, self-funded team of real humans going up against the hype-filled, sensational news outlets in the world. You can check out a selection of our other publications below.