Top 10 Stocks from Last Week: Apple, Tesla, Microsoft Earnings, Ackman Buys Netflix, Bitcoin News and More – NetFlix (NFLX)

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Here are the top ten stocks from the past week.

10. Bill Ackman buys Netflix stock: It was reported on Wednesday that Pershing Square Capital Management CEO Bill Acman bought a large new position in Netflix Inc. (NASDAQ:NFLX) stocks. Ackman tweeted that Pershing Square bought 3.1 million shares of Netflix after the streaming giant saw shares tumble after earnings. Ackman said Pershing Square is one of the company’s top 20 stockholders.

“We are delighted that the market has given us this opportunity,” Ackman said.

9. Tesla Earnings: Electric vehicle giant Tesla Inc. (NASDAQ:TSLA) reported fourth-quarter revenue of $17.7 billion, up 65% year-over-year after the market closed Wednesday. The total beat a consensus estimate of $16.4 billion from analysts, according to Benzinga Pro. Fourth-quarter earnings per share of $2.54 also beat analysts’ estimates. The company produced 305,840 vehicles in the fourth quarter, up 70% year-on-year. Deliveries for the fourth quarter were 308,650, up 71% year-over-year.

CEO Elon Musk called 2021 a “revolutionary year for Tesla and for electric vehicles in general.” The CEO said the company should achieve self-driving in 2022. The Cybertruck and Tesla Semi are expected to go into production next year, according to Musk. Tesla’s Optimus artificial intelligence robot has been called the most important product development the company is working on in 2022.

8. Unchanged federal furlough rates: One of the most watched elements of the market this week was the meeting of the Federal Open Market Committee. The Federal Reserve chose to keep interest rates unchanged in a unanimous vote. Although rates were unchanged this time around, the FOMC acknowledged inflation above 2% and the possibility of raising the fed funds rate in the future.

7. Microsoft Earnings: Microsoft Corp (NASDAQ:MSFT) released its second quarter financial results after the market close on Tuesday. The tech giant posted revenue of $51.7 billion in the quarter, up 20% year-over-year, beating analysts’ estimate of $50.9 billion dollars. Many areas of Microsoft’s business recorded double-digit gains. The company’s cloud business saw strong growth across all business segments, with overall Microsoft Cloud revenue up 32% year-over-year to $22.1 billion. dollars. Microsoft shares fell after the earnings report, only to climb after the company’s conference call and corporate guidance.

6. Ark Invest Bitcoin Price Prediction: In Ark Invest’s annual research report “Big Ideas 2022”, the analyst Yassine Elmandjra wrote that Bitcoin (CRYPTO:BTC) could increase significantly as countries adopt cryptocurrency as legal tender. The analyst said Bitcoin’s market capitalization could grow more than 25 times over the next decade. The price of Bitcoin could reach over $1 million, according to research.

5. Robinhood Earnings: Shares of Robinhood Markets (NASDAQ:HOOD) fell below $10 after reporting fourth-quarter results after the market closed Thursday. The company reported quarterly revenue of $363 million, up 14% year-over-year. The total beat a Street consensus estimate of $362.1 million.

Cryptocurrency revenue was $48 million in the fourth quarter, up 304% year-over-year, but down from a total of $51 million in the prior quarter. The company ended the fourth quarter with 22.7 million monthly active users, down 8% from the previous quarter.

The company highlighted that it was working on new trading hours, plans for crypto wallets, and rolling out its crypto platform to international clients in 2022.

4. Apple Revenue: Apple Inc (NASDAQ:AAPL) announced its first quarter results after the market closed on Thursday. The company reported revenue of $123.9 billion, up 11% year-over-year. Revenue beat analysts’ forecasts. Product sales were up 9.2% year over year, while service revenue was up 23.9% year over year. Apple also recognized a strong quarter in China as one of the keys to growth in the quarter.

iPhone sales were strong in the first quarter. The company is expected to release the iPhone SE3 in April or May 2022 and a new iPhone 14 later in 2022.

3. Market volatility: Heightened market volatility continued to be a big story of the trading week, with a big week of large-cap earnings reports including about half of the components of the Dow Jones Industrial Average. Several of the companies that said they saw earnings beat, but fell short of analysts’ revenue estimates.

The Cboe Volatility Index (VIX) rose earlier in the week on market uncertainty.

2. Putin comments on Bitcoin: Russian President Vladimir Poutine said in comments during the week that Russia may well mine Bitcoin. The comments came after the country’s finance ministry said a cryptocurrency ban was unnecessary. Putin called on the country’s central bank and government to meet and discuss cryptocurrency in the future.

1. Spotify removes Neil Young: Music lovers will not be able to listen to the songs of Neil Young to Spotify Technology (NYSE:SPOT) streaming platform after his music was taken down. The move comes after Young requested that his songs be removed if the streaming company did not part ways with Joe Rogan. Young cited misinformation about COVID-19 shared by Rogan on his podcast. Young, who had over six million monthly listeners on Spotify, can be heard on SiriusXM Funds (NASDAQ:SIRI) with the Neil Young Radio channel.

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