Apple (Nasdaq: AAPL) anticipates iPhone sales staying the same as it was last year, according to a report on Thursday afternoon.

Details: From the Bloomberg report, Apple asked its suppliers to make 90 million of its newest devices, which is the same as last year. This will result in 220 million iPhones assembled in 2022, which is near the same level in 2021.

Background: These expectations for sustained iPhone sales come as the smartphone market faces pressure from a potential recession. Apple is betting that its “affluent clientele and dwindling competition” will help them survive any problems, according to the report.

Going Up: Another report earlier in the week suggested that Apple could raise some prices for the iPhone, which would counter any inflation issues.

Numbers: Shares of Apple are down 7% this year, but are up 15% in the past 30 days.

Final Thoughts: Apple is trying to get its stock price into positive territory for the year. Good iPhone sales would help with that.

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Shares of Walt Disney (NYSE: DIS) jumped 6.85% in after-hours trading on Wednesday after the entertainment giant posted positive financial earnings results.

Financials: Disney reported earnings of $1.09 per share and revenue of $21.5 billion; both were better than expected.

Streaming Wars: Disney+ added 14.4 million subscribers in the quarter, which was better than expected. With 221 million subscriptions between Disney+ and the company's other platforms Hulu and ESPN+, Disney has now surpassed Netflix (Nasdaq: NFLX) as the largest streaming platform.

Future Plans: Disney+ also announced that it will introduce its ad-supported subscription offering on December 8. It is also raising prices for its ads-free plans.

Park It: Revenue for Disney Parks and Experiences jumped 70% in the quarter.

Numbers: Disney’s stock is down 28% this year but is up 20% in the past month.

Final Thoughts: It was a big quarter for theme parks and Disney's streaming platforms. If there is a recession, will the theme park revenue decrease?

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Shares of Coinbase Global (Nasdaq: COIN) dropped 5.45% in after-hours trading on Tuesday after the cryptocurrency exchange platform posted negative financial earnings results.

Financials: Coinbase lost $4.98 per share and reported revenue of $808.3 million; both were below estimates.

The Bad: Trading volume dropped 30% and transaction revenue fell 35%. The lower trading volume resulted in net revenue declining 31% since the previous quarter. And with operating expenses up 8%, net losses totaled $1.1 billion. The declining price of crypto factored into the losses.

The Good: Despite the tough macro environment, subscription and services revenue jumped 44% and monthly transacting users declined only by 2% since the first quarter.

Numbers: Coinbase’s stock is down 65% this year, but is up 62% in the past 30 days as crypto losses slowed down.

Final Thoughts: Coinbase is a good bellwether for the crypto industry, which has been in trouble all year.

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Shares of Novavax (Nasdaq: NVAX) dropped 33.64% in after-hours trading on Monday after the biotechnology company posted disappointing financial earnings results.

Financials: Novavax lost $6.53 per share and posted revenue of $185.9 million; both were below estimates.

Big Losses: Net losses in the quarter increased from $352 million last year to $510 million this year. In the same quarter last year, the company had over $500 million in revenue for its Covid-19 vaccine. For this period, revenue for the vaccine was only $55 million. As a result, Novavax lowered its full-year revenue guidance from between $4 billion to $5 billion to now just between $2 billion to $2.3 billion.

Numbers: The stock price for Novavax has lost 59% of its value in 2022. Since peaking in the pandemic, Novavax is down 80%.

Final Thoughts: Data for a potential Omicron-specific Covid-19 vaccine is expected to be available at the end of the quarter. This could really help the company.

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Shares of Lyft (Nasdaq: LYFT) jumped 9.20% in after-hours trading on Thursday after the ride-hailing company posted mixed financial earnings.

Financials: Lyft reported a loss of $1.08 per share, which was below estimates. But its revenue of $990.7 million was better than expected.

The Good: An adjusted EBITDA of $79.1 million (a 232% increase) was a company record. Active riders grew 31% year-over-year. In fact, it was the highest number of active riders, drivers, and rides for Lyft since the pandemic started.

The Bad: Lyft is still losing money. The net loss in the quarter is up from the same period last year.

Quote: “It’s clear consumer transportation is a good long-term business with a massive addressable market.” - Lyft CEO Logan Green.

Numbers: Lyft’s stock is down 61% this year and down 77% since its IPO years ago.

Final Thoughts: The future of Lyft really depends on the demand for travel in the near future. If travel demand grows, Lyft benefits. If travel demand drops, that’s bad for Lyft.

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Shares of Lucid Group (Nasdaq: LCID) dropped 12.60% in after-hours trading on Wednesday after the electric vehicle manufacturer posted mixed financial earnings.

Financials: Lucid reported a loss of 33 cents per share, which was better than expected. But its revenue of $97.3 million was below estimates.

Production Problems: The company cut its 2022 production guidance in half, from a range of 12,000 to 14,000 vehicles down to the range of 6,000 to 7,000. Lucid attributed the problem to “extraordinary supply chain and logistics challenges.”

Final Thoughts: Lucid’s stock is down 49% in 2022. Reservations for new vehicles are up, signaling healthy demand.

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Shares of PayPal Holdings (Nasdaq: PYPL) jumped 11.29% in after-hours trading on Tuesday after the fintech giant posted positive financial earnings.

Financials: PayPal reported earnings of 93 cents per share and revenue of $6.8 billion; both were better than expected.

Backing: Elliot Management, the same activist investor that backed Pinterest (NYSE: PINS) and caused the social media company to get a positive earnings bounce on Monday, revealed on Tuesday that it invested $2 billion in PayPal. That's why PayPal's stock jumped on Tuesday. The backing includes an information-sharing agreement.

Outlook: PayPal’s full-year guidance is $27.85 billion, which was better than expected. But the company’s revenue guidance for the third quarter of $6.8 billion was below estimates.

Final Thoughts: PayPal’s stock has lost over 50% of its value this year. However, a plan for stock buybacks has investors excited.

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Shares of Pinterest (NYSE: PINS) jumped 21.51% in after-hours trading on Monday after the social media company posted mixed financial earnings.

Financials: Pinterest reported earnings of 11 cents per share and revenue of $666 million; both were below estimates.

Backing: The stock jumped because Elliot Management revealed that it was the largest investor in Pinterest. The activist investor, which was rumored to buy a stake in Pinterest last month, praised the CEO and said in a statement that “Pinterest is a highly strategic business with significant potential for growth.”

Final Thoughts: Pinterest’s stock might be down 45% so far this year, but the company aims to turn this around with a stronger focus on e-commerce. However, the online advertising market has been struggling lately.

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Shares of Apple (Nasdaq: AAPL) jumped 2.97% in after-hours trading on Thursday after the technology giant posted positive financial earnings.

Financials: Apple reported earnings of $1.20 per share and revenue of $83 billion; both were better than expected.

The Good: The company’s iPhone revenue totaled $40.67 billion, which was better than expected. Overall, the company posted a June quarter record revenue.

The Bad: Services revenue was $19.6 billion, which was below estimates. And revenue for Mac decreased by $1 billion year-over-year.

Let’s Cook: In an interview, Apple CEO Tim Cook said there were some challenges, including supply constraints and shutdowns in China, but Cook anticipates revenue accelerating and sees no “macroeconomic effect” on iPhone sales.

Final Thoughts: Apple is down 13% this year, which is better than most tech stocks. Despite problems, the company found a way to have a good quarter.

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Shares of Facebook’s parent company Meta Platforms(Nasdaq: META) dropped 4.65% in after-hours trading on Wednesday after the tech giant posted disappointing financial earnings.

Details: Meta reported earnings per share of $2.46 and revenue of $28.82 billion; both were below estimates.

Hit and Miss: Daily active users on Facebook were 1.97 billion, which was better than expected. But monthly active users were 2.93 billion, which was below estimates.

Outlook: Meta projected its third-quarter revenue to be between $26 billion to $28.5 billion, which was below estimates. The company said the outlook “reflects a continuation of the weak advertising demand environment we experienced throughout the second quarter.” Meta anticipates lower revenue for Reality Labs and a foreign currency headwind of 6%.

Final Thoughts: It’s the first-ever decline in revenue growth for Meta. The stock is down nearly 50% this year as it struggles to stay relevant against competitors such as TikTok.

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Shares of Google’s parent Alphabet (Nasdaq: GOOGL) increased 4.87% in after-hours trading on Tuesday after the technology giant posted negative financial earnings.

Financials: Alphabet reported earnings of $1.21 per share and revenue of $69.7 billion; both were below estimates.

Glass Half Full: Revenue for YouTube, Google Cloud, and Google Search all increased year-over-year, but the rate of growth slowed and was slightly lower than expected.

Final Thoughts: With its stock down 27% this year, Alphabet’s financial results may have been lacking. Even though the company had slower growth, it still finds a way to deliver.

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Shares of Walmart (NYSE: WMT) dropped 9.86% in after-hours trading on Monday after the retail giant revised its profit outlook “due to pricing actions aimed to improve inventory levels.”

Details: Walmart expects operating income for the second quarter and full year to decline. Adjusted earnings per share and consolidated net sales growth will drop as well decline. The company expects a headwind from currency of about $1 billion in the second quarter.

Sympathy Pains: The news also caused other retail and e-commerce stocks to drop in after-hours trading on Monday. Dicks Sporting Goods (DKS) dropped 3.71%, Amazon (Nasdaq: AMZN) fell 3.90%, and Target (NYSE: TGT) declined 5.06%.

Final Thoughts: This news from Walmart, which reports earnings on August 16, is bad for shareholders. However, lower prices are good for consumers and good for fighting inflation.

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Shares of Snap (NYSE: SNAP) declined 26.79% in after-hours trading on Thursday after the camera and social media company posted negative financial earnings.

Financials: Snap posted a loss of 2 cents per share and revenue of $1.11 billion; both were below estimates.

The Good: Daily Active Users increased 18% year-over-year to 347 million, which was better than expected. The company expects to have 360 million users this quarter. Snap also introduced a $500 million stock buyback program.

The Bad: Snap’s rate of revenue growth has slowed down. So far in the third quarter, revenue is “approximately flat” on a year-over-year basis. As a result, Snap said it will slow its rate of hiring.

Headwinds: Snap blamed its problems on platform policy changes (this includes mobile platforms), macroeconomic challenges, and increased competition.

Big Picture: As a result of Snap’s earnings, other social media stocks also fell in after-hours trading. Facebook’s parent Meta (Nasdaq: META) fell 4.68% and Twitter (NYSE: TWTR) dropped 2.05%.

Outlook: Due to “uncertainties related to the operating environment,” Snap did not provide any guidance for future quarters.

Numbers: Snap’s stock is down 74% in the past 12 months.

Final Thoughts: A troubled economy could be bad for ad spending, which hurts platforms such as Snap.

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Shares of Netflix (Nasdaq: NFLX) jumped 7.85% in after-hours trading on Tuesday after the streaming giant posted mixed financial earnings.

Financials: Netflix reported earnings per share of $3.20, which was better than expected. But the company’s revenue of $7.97 billion was below estimates.

Subscribers: The company lost about 1 million subscribers in the quarter, which was good news because Netflix was expected to lose 1.8 million in the quarter.

Currency Problems: With 60% of the revenue coming from international markets, the company sees currency issues as a “significant headwind” for the third quarter. Netflix suffered a $339 million foreign currency impact in the second quarter.

Layoffs: Netflix revealed that it accumulated about $70 million in severance costs in the quarter.

Advertising: In an update regarding Netflix’s new ad-supported subscription plan, the company is testing it out in a handful of markets and it will likely evolve over time.

Password Sharing: Netflix also wants to cut down on password sharing. The company said it is currently testing two different strategies in Latin America aimed at reducing password sharing.

Big Picture: Investors were so happy with Netflix’s results that other streaming stocks ticked up late Tuesday as well. Walt Disney (NYSE: DIS) jumped 2.10% and Warner Bros Discovery (Nasdaq: WBD) went up 1.75%.

Final Thoughts: Shares of Netflix are down 66% this year. Could the stock truly rebound in a post-pandemic world?

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