Weekly Wrap For The Week Ending April 29th, 2022

Weekly Wrap For The Week Ending April 29th, 2022

almost 2 years ago1 min

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Key takeaways from this week:

  • Twitter did an about-turn and accepted Elon Musk's offer to buy the company in a deal worth around $44 billion
  • A slew of tech giants reported results: both Apple and Microsoft smashed through expectations while Google-parent Alphabet and Amazon gave largely disappointing updates thanks to a slowdown in ad revenue and sluggish ecommerce growth respectively
  • Consumer staples companies Coca-Cola and Unilever both posted expectation beating results but there are signs that consumers aren't going to continue taking their price hikes on the chin forever

And if you're gonna read one insight this week, make it this one looking at why utilities stocks could be just what your portfolio needs right now.

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