Tomi from Trove Newsletter

Zuckerberg’s Newly Invented $700 Million


Happy New Month y’all… I’m glad I get to write to this new month😊

Your fav is here again to give you the usual 🤩 And you know what? For today’s gist, a cup of coffee will be a perfect way to kick things off.
Soooooo… Grab your coffee let’s begin!!

Meta, Raining Dividends!

Omg! You won’t believe it! Meta is set to dish out its first-ever dividend! 💰🤑 I know you’ve been waiting for this day! Now you can finally buy those shoes you’ve been drooling over!😆

Sometime in 2021, Facebook explicitly stated that they do not expect to declare or pay any cash dividends in the foreseeable future and that it will continue to retain earnings to finance its businesses; But the company has just changed its mind. On Thursday, the company announced that it will pay a quarterly dividend for the first time and has authorized an expanded $50 billion share buyback program.

Wow! Finally!! Meta is set to pay a dividend of 50 cents per share.😁

The company’s chief financial officer, Susan Li, told analysts on the company’s earnings call that introducing the dividend just gives the company a more balanced capital return program and some added flexibility in how we return capital in the future. Interesting!

Anyway, this wasn’t the only news that made it to the headlines for Meta. The company also released its fourth-quarter financials, which topped estimates on the top and bottom lines.
The company’s revenue rose 25% to $40.1 billion for the quarter as against analysts’ expectations of $39.2 billion, according to LSEG data. Meta is definitely slayin’

Although it wasn’t such a great week for Mark Zuckerberg, Meta’s CEO – who found himself on a hot seat in Washington over “child safety online”. But on Wall Street, it was a different story. The company’s stock performed well and investors were celebrating a win.

It seems that for investors, the financial performance was more important than the political drama. 🤣🤣
Although I’m sure Mark also feels the same with his newly (to-be acquired) $700 million with this newly issued dividends.

Walmart Stock Split!

Walmart is about to shake things up in the stock market, and it’s really an interesting one! No kidding!

Walmart has announced a 3-for-1 stock split. Wow! So if you own one share of Walmart stock, you’ll end up with three shares of the company after the split.

The company stated that about 400,000 employees participate in a stock purchase program, which lets them buy stock through payroll deductions while applying a 15% company match on the first $1,800 spent each year. Let’s say if an employee spends up to $1,800 per year on buying stock in the company, Walmart will give them an extra 15% of that amount in company stock. Okay Walmart!!

So, the company wanted to allow more employees to buy shares in its stock purchase plan which was one of the reasons for the stock split. Mmmmh..That’s actually a smart move – after all, the more ownership employees have in a company, the more they’ll feel invested in its success. This is because employees who have a stake in their company are usually more motivated and engaged.

So, it’s a win-win for both Walmart and its employees! 😄

After this announcement, Walmart’s share price closed Tuesday at $165.59, gaining about 4% so far in 2024. This is good news for Walmart, as it shows that the company’s value is continuing to grow. This split will take effect by Feb. 23… So at the close of business on Thursday, Feb. 23, Walmart shareholders will receive two additional shares for each one they own. Sounds great!

As usual *wink* Let’s take a break while you digest the stories and share them with your friends.

Don’t forget to inform them to download the trove app – to enjoy a journey to wealth just like you.

Amazon’s Big Win!

You know! I’ve got some juicy news about Amazon’s stock that you’re gonna want to hear!

So here is the gist, Amazon just released its fourth-quarter earnings report, and the news is pretty good – so good that it made the company’s stock price jump after the report was released!

It was also reported that revenue, which included the holiday season, jumped 14% to $170 billion, ahead of estimates of $166.2 billion, driven by solid growth in all three of its business segments – North American, International segment, and Amazon Web Services.

North American sales rose 13% to $105.5 billion, international segment sales increased 17% to $40.2 billion, and Amazon Web Services (AWS) sales were up 13% to $24.2 billion, a slight sequential improvement. Guess what? Not only did sales increase, but profits were also on the rise. Profits also rose significantly in all three segments– as its higher-margin businesses outgrew overall revenue.

“This Q4 was a record-breaking Holiday shopping season and closed out a robust 2023 for Amazon,” said CEO Andy Jassy in the earnings release.

Woohoo! Nice! Nice! Amazon truly deserves a big cheer!

Qualcomm What’s the Plan?

Qualcomm.. Mmmmh.. I mean! The company’s earnings were higher than expected, and the outlook looks good for the current quarter, but! there’s been some unexpected drama in the stock market.

Qualcomm, which is best known for making smartphone chips just released its earnings report. The report was really good! The company’s revenue and net income were both higher than expected. Even, the company’s CEO is optimistic about the company’s future.

But even after this good news… {Plot twist} 👀 The company’s stock price still went down. This is because some investors are worried that smartphone sales might not grow as much as they had hoped.

Qualcomm’s sales of handset chips increased in the last quarter of the previous year. The company said it shipped $6.69 billion in handset chips during the December quarter, up 16% year over year – This is actually a positive sign for the smartphone market after two years of declines.

However, so far, under the leadership of CEO Cristiano Amon, it has been said that the company has been working to apply its chip technology to markets beyond smartphones, including PCs, cars, and virtual reality headsets. But it’s still a major smartphone supplier as the global market has slumped over the past two years.

So, even though the smartphone business hasn’t been great, it looks like the company is positioning itself to succeed in other areas.

And It’s a wrappppp!

What are you waiting for?!?!

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Tomi, From Trove 💚

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