One of these is not like the other

[The beef 675] [I'm an image] “That wasn’t so bad.” - Jeff, on Tuesday’s earnings reports Hey there carnivores, Markets were down on Tuesday after a hot start. And today we’re talking about some big names who dropped earnings. Keep raging, Jeff & Jason [Image] [I'm an image] One of these is not like the other Starbucks, Ford, and Google all released earnings for Q1 today, and let’s just say that coronavirus didn’t do any of them any favors. Venti same-store decrease Starbucks [revealed]( that same-store sales fell 10% globally, the first time that number has dropped for SBUX in more than a decade. 11 years, to be exact, but who’s counting (besides Starbucks shareholders)? The Seattle-based baristas were one of the first companies to put employee health at the forefront as coronavirus took its toll around the world. It restricted dine-in service from the outset while compensating employees who chose to stay home to avoid the risk of getting sick, for 30 days. Adjusted for those unforeseen expenses, earnings came in at 32 cents per share, compared to the expected 34 cents per share. On the news, shares fell 1%. Ford stalls out The pride of Detroit felt the coronavirus pinch in Q1 too, as Ford [announced]( a $2B pre-tax loss to start the year. The company doubled down, hinting that Q1 of 2020 was only the beginning of the sh*tstorm. $F expects a loss of at least $5B in the second quarter. Ford plants have been on hold since mid-March, so production of cars has slowed to a crawl. Not that anybody’s in the market for the best-in-class payload F-150. The company’s revenue for the quarter was $34.32B, down 15% from the same time last year. Share prices fell 4% on the day. The good news? If you’re a Ford employee that hasn’t been furloughed, the company says it has $35B in cash to get it through the rest of the year. Oh, and you probably learned how to make a ventilator, you essential worker, you. Search and destroy Google-parent Alphabet also [released earnings]( on Tuesday, and its results indicated that Silicon Valley might be able to weather the global pandemic better than brick and mortar plays. The company reported revenue of $41.2B, up 13% from last year’s Q1. As you know, Alphabet (aka Google) makes most of its money selling ad space. Though, with unfettered access to your search history, it should probably get into the blackmail game. That said, CEO Sundar Pichai revealed that despite the strong quarter, as soon as coronavirus began to rear its ugly head, there was a steep drop off in ad revenues, and therefore investors should lower expectations for Q2. Still, shares rose 7%. The bottom line... Ford and Starbucks released absolute dumpster fire earnings reports, and only dropped 4% and 1% respectively (not to mention, Alphabet warned of "headwinds" and rose on the day). So, what gives? Let's go to the ticker tape, shall we? Ford is down 41% YTD and Starbs shares have plummeted more than 10% so far this year. So yeah, you could say the market has already caught wind of the sh*tshow and wasn't exactly caught off guard. It appears that this earnings season investors are sticking to the old adage: "expect the worst and... hope for slightly better than the worst." Of course, the real question remains "what's next?" For Ford, sh*t is about to get real... real fast. Survival appears to be the name of the game as the car company faces suppressed demand and a cash crunch in the near term, and the prospects of a long-term economic downturn (read: suppressed demand for the long term). *Henry Ford rolls over in his grave* Starbucks, on the other hand, is starting to see the light at the end of the tunnel. The preferred coffee spot of aspiring "novelists" has re-opened almost all of its stores in China and has plans to re-open (on a modified basis) stores in the US starting in May. Unicorn frapps all around. [Image] The Best Money-Making Opportunities Aren’t In The Stock Market They’re In The Private Sector [Alternate text]( The Only Problem Is Most Investors Don’t Know Where To Find Them Join The Boardroom Live—Thursday at 8 PM ET As They Uncover Their Secrets To Successful Startup Investing [Claim Them Now]( [I'm an image] ☑️ Push play. Spotify is stuck on pause as coronavirus put a damper on its plans to expand into Russia and South Korea. The Swedish music streaming service [secured the rights to deliver]( sweet melodies to the ears of the countries’ citizens from Warner Music group earlier this year but hasn’t been able to iron out the details. Apparently, you need to be less than 6 feet away from someone to do that these days. Spotify has some work to do to get a full catalog of music, though. While it has a similar deal in place with Sony, Spotify still needs to ink a deal with Universal to make its music available. And it better get in bed with some K-Pop labels if it thinks it’s going to have success in Korea. ☑️ Double meat. Have you noticed that the poultry section at the supermarket is starting to feel a little barren? POTUS certainly has. DJT is ordering slaughterhouses to get back to work despite the coronavirus pandemic. Trump is invoking the Defense Production Act to keep plants open. The move comes after Tyson Foods published national paid ads calling the food system “broken” as there are only a few suppliers who distribute a large amount of the meat. After workers became sick in March, unions ordered factories to close voluntarily. Naturally, this caused a disruption in the flow of meat products. Unions are fighting the President's order, however, as sick workers shipping out meat sounds like a recipe for a worldwide pandem--. Wait a second... ☑️ Got a receipt? The government is doing its best to [appease the critics]( of the Small Business Administration and the loans it approved for distribution as part of the CARES Act. Treasury Secretary Mnuchin announced that the government will be performing full audits on any small business that took a loan over $2M as part of the relief program. Full cavity searches all around approving the loans in the first place. ☑️ Stay snackin’. PepsiCo announced its Q1 sales rose [7.7%]( from a year ago to $13.88B. While sales of snacks like potato chips and meals (think: pancakes and oatmeal) have increased, it still doesn’t offset what Pepsi has lost in its beverage business, though it didn’t provide exact numbers. So where does Pepsi go from here? Energy drinks. Even though it bought Rockstar energy last month (we don’t remember that either, thanks #corona) Pepsi also announced a partnership to distribute Bang, the TikTok of energy drinks. Guys who wear Fox Racing hats have never had more Pepsi beverage choices than they do today. RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 Neither Raging Bull nor RagingBull.com, LLC (publisher of Raging Bull) is registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority. Users of this website are advised that all information presented on this website is solely for informational purposes, is not intended to be used as a personalized investment recommendation, and is not attuned to any specific portfolio or to any user's particular investment needs or objectives. Past performance is NOT indicative of future results. Furthermore, such information is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. 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