9 Min Read
$99 billion of Alphabet's second-quarter net income, and $53.4 billion of Amazon's, came from remarking stakes neither company has sold. Strip the two out and S&P 500 earnings growth falls from 50.4% to 32.0% — and JPMorgan raised its target on Monday looking at the higher figure.
GOOGL · Since The Event− 9.52%Read10 Min Read
Fifty-five days after the largest IPO in market history, the first tranche of SpaceX's locked stock comes free: 911.5 million shares, roughly two and a half times what currently trades. The trigger was not a date but the company's first earnings report.
