Skip to content Skip to footer
Alphabet earnings report come amidst GME short squeeze and Jeff Bezos stepping doen from CEO position at Amazon

Alphabet Earnings, Private payrolls help boost S&P 500 – February 3rd

The S&P 500 was marginally higher on Wednesday as it edged closer to a record high, mainly led by positive news from Alphabet and private payrolls.

Starting with Alphabet, the parent company to Google announced better than expected Q4 earnings after yesterday’s closing bell.

Earnings came in at $22.30 per share vs $15.90 per share as expected. Revenue also blew past forecasts coming in at $56.90 billion, vs expectations of$53.13 billion.

This came as private payrolls increased by 174,000 jobs last month after dropping by 78,000 in December.

The S&P 500 was up 0.33% in late afternoon trading.

European markets rise as Super Mario Draghi returns

Former European Central Bank President, Mario Draghi was today called upon to form a new government in Italy.

Draghi was summoned to parliament by Italy’s president, Sergio Mattarella, who hoped to avoid a general election, in the aftermath of former prime minister Matteo Renzi, pulling his support from the current coalition government.

Despite withdrawing his own support, Renzi applauded the move to bring in Draghi, stating that, “I am so happy because today Italy is in very good hands, Mario Draghi is a special man”.

As a result of the news, Italy’s main index, the FTSE MIB was up 2% today.

Bezos set to leave Amazon, as they beat earnings expectations

Many were expecting Amazon’s earnings call after the closing bell yesterday but were surprised to learn that the company had more in store for them.

The surprise came, as Jeff Bezos announced that he will be stepping down as CEO of the company he founded, moving to the position of Executive Chairman instead.

News of this came as the company recorded blockbuster Q4 earnings of $14.09 vs $7.23 per share. Whilst revenue was recorded at $125.56 billion vs $119.7 billion forecasted.


As of writing Amazon was down 1.79%, after opening in the red.

Quote of the day – “Letting losses run is the most serious mistake made by most investors.”

William O’Neil

To stay up to date with the markets we encourage traders to view our Trade Gate Hub for more real-time insights into Crude, Gold, and many other markets.

Tradeview Ltd. is not a portfolio manager or an investment advisor. This Market Report is for informational purposes only. Any statements made or opinions voiced in this Market Report do not constitute investment advice. The Tradeview Ltd. Market Report does not constitute a solicitation to buy or sell in the financial markets. Although the information contained in the Market Report comes from trusted sources, Tradeview Ltd. is not responsible for guaranteeing the accuracy, timeliness, completeness, or fitness of such sources. Tradeview Ltd. shall not be responsible for and disclaims all liability for any losses which may be suffered from access and use of the contents of the Tradeview Ltd. Market Report. Trading any financial instrument on margin, using leverage or otherwise involves considerable risk. Therefore, before deciding to participate in any style of trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney, accountant or other professional upon whom you rely for guidance as to the appropriateness of an investment in any style of trading is recommended.

Tradeview Ltd.

Is licensed to carry on securities investment business and is regulated by the Cayman Islands Monetary Authority (CIMA) as a full securities broker-dealer. Tradeview conducts business pursuant to the Cayman Islands Securities Investment Business Law (SIBL) and its activities fall under the direct supervision of the Investments and Securities Division of CIMA.
Headquarters: 5th Floor Anderson Square, 64 Shedden Road, Georgetown, Grand Cayman, Cayman Islands KY1-1002, BWI.

TVM Global Ltd.

Is licensed and regulated by the Labuan Financial Services Authority (FSA) as a Money Broker, registration number LL15870 licensed to facilitate transactions in foreign exchange pursuant to Labuan Financial Services and Securities Act 2010, the Labuan Companies Act 1990 and the Labuan Business Activity Tax Act 1990.
Headquarters: International Business Financial Centre at Office 5, Jamie Business Center I, Unit F10, First Floor, Paragon Labuan, Jalan Mustapha, 87000 Labuan F.T.

Tradeview Europe Ltd.

Is licensed as a Category 2 Investment Service Company and is regulated by the Malta Financial Services Authority (MFSA). The Malta Financial Services Authority (MFSA) is the single regulator for financial services in Malta. MFSA is a fully autonomous public institution and reports to Parliament on an annual basis. The MFSA is a member of the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the International Organization of Securities Commissions (IOSCO) and is a signatory of the Multilateral Memorandum of Understanding with other European regulatory Institutions. Tradeview is authorized to provide financial services across multiple asset classes and is passported in the EU/EEA under MiFID II (EU Markets in Financial Instruments Directive).
Headquarters: 157 Archbishops Street, Valletta VLT Malta 1440.

Tradeview Financial Markets S.A.C.

Is authorized to conduct business pursuant to and in compliance with the General Law of Companies (LGS) promulgated by the government of Peru. Tradeview Financial Markets S.A.C is registered with the National Superintendence of Public Registries (SUNARP), company number 13089531. Tradeview Financial Markets S.A.C provides financial services in selected OTC derivative markets in compliance with all applicable government regulations.
Headquarters: Los Mirtos 239 Urb. San Eugenio, Lince, Lima, Perú.