Before I get into $MSFT, the story of $CRWD is an interesting one in that it’s likely going to be a terrific buy soon. I know your plebeian emotions belies in justice and that Crowdstrike will be punished for their crimes; but none of that is going to hammer is corruptible Pax Americana, the death of an Empire edition.
They are as deep state as they come and they’ll be settling their suits soon and hire McKinsey to tighten up the ship and live happily ever after.
On the issue of $MSFT and it tanking in the after hours, the numbers aren’t bad at all.
Azure and other cloud services revenue growth of +29%, +30% constant currency vs +30-31% CC prior guidance
Intelligent Cloud segment revs of $28.5 bln vs $28.4-28.7 bln prior guidance.
More Personal Computing segment revs of $15.9 bln vs $15.2-15.6 bln prior guidance.
The other important number was out of $AMD and it hit and the stock is +4%. We have $ARM, $LRCX and $META coming tomorrow.
The initial reaction to Microsoft is tankage in $AMZN and $META but I suspect it’ll moderate. On the whole, the market is once again sickly and spread thin across defensive sectors and banks. We are in a rut and in order to extricate ourselves we’ll need some speed.
I finished the session down 19bps but made it all back in the after hours due to my gigantic 17% $SQQQ positions crossed against a leveraged portfolio at 151% equity. I cobbled together various defensive stocks and war time stocks just in case the Middle East heats up with the escalatory action in Lebanon.
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It will be over soon
It will be over soon