Date

**__ Diplomatt’s Daily Digest – April 28, 2022__**
Good morning and happy Thursday, everyone! Stock futures jumped in early trading as the market tried to recover some of the ground lost during this month’s sell-off, and investors reacted positively to earnings from Meta Platforms. The premarket moves followed a volatile session Wednesday that saw the Nasdaq Composite stoop to its lowest level in 2022, as stocks looked to bounce back from a tech-led April sell-off. Stocks have struggled this month amid concern over higher interest rates and rising U.S. inflation. Investors are awaiting big tech earnings on Thursday from Apple, Amazon and Twitter, along with results from Robinhood. Jobless claims are also due to be released today.

Quote of the week: “Good things come to people who wait, but better things come to those who go out and get them.” —Anonymous

**General News:**
• Shares of Meta surged more than 16% following a beat on earnings but a miss on revenue, a sign that investors may see signs of relief in the beaten-up tech sector. Shares were down 48% on the year heading into the results.
• Barclays announced it had suspended its planned share buyback program on the back of a costly trading error in the U.S. It comes as it reported expectation-beating profit for the first quarter, as strong investment banking performance helped drive income growth.
• In its earnings report for the first quarter, Meta gave revenue guidance for the current period of $28 billion to $30 billion, trailing the $30.6 billion average analyst estimate.
• Twitter is set to report earnings for the first quarter of 2022, in what could be one of its last reports as a public company after its board agreed to sell to Elon Musk for $44 billion.
• Chinese telecommunications giant Huawei announced Thursday that first quarter revenue fell by nearly 14% from a year ago, while its profit margin more than halved due to a plunge in smartphone sales.
• Ford Motor is cutting 580 U.S. salaried employees and agency workers as part of its ongoing Ford+ turnaround plan aimed at promoting EVs.
• McDonald’s reported better-than-expected revenue, fueled by price hikes in the U.S. and strong international sales growth.
• The CEO of Carnival cruise lines is stepping down as the cruise industry is aiming to refresh its image in a post-covid travel world.
• Qualcomm’s revenue jumped a whopping 41% driven by android chip sales.

**StockTwits Top 10 Trending Tickers of the Day:**
1. FB
2. TDOC
3. AMZN
4. APE
5. AAPL
6. ARKK
7. SPX
8. PYPL
9. F
10. CAT

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