A mixed bag for Big Tech earnings: Asking for a Trend

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Big names in Big Tech such as Apple (AAPL) and Amazon (AMZN) reported their latest quarterly results with Apple beating expectations on the top and bottom lines while Amazon missed revenue expectations but beat profit expectations. Both reports give insight into the state of the consumer domestically and abroad which is still under pressure from inflation. Maxim Group Managing Director and Senior Consumer Internet Analyst Tom Forte joined to discuss Apple's earnings and give insight into its performance in China.

The major indexes (^GSPC, ^DJI, ^IXIC) closed lower as Wall Street digests hotter-than-expected jobless claims data and a soft US manufacturing print.

Coinbase (COIN) posted second quarter earnings, reporting revenue that more than doubled from a year ago. Transactional revenue for the company did jump 138%, however, it missed the 141% Wall Street expectation.

Fintech companies are also in the spotlight as major players such as Block (SQ) and MicroStrategy (MSTR) report their quarterly earnings. Both companies fell short on revenue expectations. Benchmark managing director & senior research analyst of fintech and digital assets Mark Palmer joined the show to discuss the fintech space and what investors can expect moving forward.

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