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Hey team

as you know AMZN is my 3rd largest equity holding and it is up big in after hours. Amazon shares jumped in late trading Thursday after the company reported better-than-expected June quarter earnings. Sales increased 7% to $121.2 billion in the second quarter, better than Wall Street’s estimate for $119.3 billion, and above the high end of the company’s guidance range of $116 billion to $121 million. The company said that adjusted for a $3.6 billion headwind for unfavorable foreign exchange rates, sales would have been up 10% in the quarter. They posted a loss in the qtr. 

Re Apple - EPS: $1.20 vs. $1.16 estimated, down 8% year-over-year, Revenue: $83 billion vs. $82.81 billion estimated, up 2% year-over-year, iPhone revenue: $40.67 billion vs. $38.33 billion estimated, up 3% year-over-year 

Intel... well they missed bad. 

Note I do not hold any AAPL or INTC. 

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