Tech-Tonic Shifts, Oil Stocks Surge, Roku Rocked 7/29/22

Carl Quintanilla and Jim Cramer started the show by breaking down quarterly results from big tech stocks Apple and Amazon. Apple reported a beat on revenue and profit, and said it’s expecting growth to accelerate despite “pockets of softness.” Amazon shares jumped on its revenue beat and rosy guidance for the third quarter. Separately, the anchors also broke down tough quarters from both Roku and Intel. The chip giant Intel reported its biggest revenue miss since 1999 and Roku shares plunged more than 20% on its results. Also in the mix: energy names Exxon and Chevron both posted record quarterly profits as commodity prices boom.