I added $BRK-B-0.9% to my portfolio this week, and while it's not an ETF, I'm going to go DCA there now too. Did you add or remove anything this week?
Berkshire Hathaway Inc.
BRK-BHave a great Wednesday, I re-bought $AMZN-0.2% at the beginning of August and am considering setting up an order on DCA, I believe it is one of the top companies long term. How do you feel about $AMZN-0.2%?
Amazon.com, Inc.
AMZNThis week, most are probably waiting for the $NVDA+1.4% results. Today $BIDU+3.4% reported results and they didn't do badly at all. Operating profit was RMB 5.210 billion (about $718 million), up 53% year-over-year and 5% quarter-over-quarter. Baidu's net profit was RMB 5.210 billion (about $718 million), down 11% year-over-year and 11% quarter-over-quarter.
Baidu, Inc.
BIDUWill$AAPL+0.5% continue to fall or will it go back up? A new IPhone is about to hit the shelves, so that could send the stock back up.
Apple Inc.
AAPLDeere & Company $DE-1.7% released its results for the second quarter of fiscal year 2023 yesterday. The results came in well with net income up 36% to $2.9 billion. Earnings per share were $9.65, up from $6.81 for the same period last year. Even so, the company ended the work week in the red. Why?
What do you think about Cisco Systems $CSCO+0.4% results for Q2 2023? Revenue grew 16% year-over-year to $15.2 billion, with product revenue up 20% and services revenue up 4%. Net income on a GAAP basis grew 41% year-over-year to $4 billion, and the company earned $0.97 per share. On a non-GAAP basis, net income rose 36% to $4.7 billion and the company earned $1.14 per share. Cash flow from operating activities was $6 billion, up 62% year-over-year.
Cisco Systems, Inc.
CSCOTarget $TGT-4.0% has written down more than 27% over the past year. It will report results tomorrow, so I'm curious to see if the results will be at least a little better than Q1.
What two companies would you recommend to a novice investor at this time? Obviously $GOOGL-0.1% $AAPL+0.5% etc is great, but those are at a great price right now. I say maybe $O-0.9% might be a nice buy right now, or even $DIS-1.8%.
I noticed that the $DIS-1.8% subscription system is about to change. Making it more expensive and removing account sharing, do you think this will lead to an exodus of users?
It's Friday again :) How do you rate this week? Did you buy, sell or watch the results? I overbought $O-0.9%.
The Porsche SE Group reported a net profit after tax of EUR 2.3 billion for the first half of the year, down 41% year-on-year. Net liquidity was EUR -5.4 billion. I assume that these figures are affected by the performance of its subsidiaries, especially Volkswagen. What do you think of the results?
Today, BioNTech $BNTX-1.7% reported quarterly results, which currently focuses on, for example, the development and research of drugs aimed at treating cancer and infectious diseases. Q2 2023 earnings were in the red, with the company reporting a loss of -190.4 million, compared to a profit of 1.7 billion in Q2 2022. The company has invested heavily in R&D this year, so hopefully it will do well :)
BioNTech SE
BNTXThere was a discussion here a while ago about overbuying $O-0.9% and most said when it was under 60 :) and there we are now, overbuying?
