It's Wednesday, July 28th. Welcome to Marketfoolery. I'm Chris Hill with me today. Our man in Colorado, Tim Byers. Thanks for being here.

Thanks, man. Good to see you, Chris.

Holy cow, this is one of those days where we could go for an hour. We're not going to go for an hour.

We're going to talk Shopify, Alphabet, Starbucks, real quick. We're going to hit this in greater detail and monthly full money this week.

But give me your quick headline on the latest results from Apple and the latest from Microsoft.

Incredible. I feel like we have gone full shrug emoji on both of these stocks, meaning that the numbers are incredible, but the stocks really aren't moving.

So just for perspective, 36% revenue growth year over year for Apple, they have essentially $130 billion on their balance sheet that's in long term savings, non-current assets.

That doesn't even include the $70 billion that they can draw on at any time. So Apple is just killing it all the way up and down.

But apparently the stock is down because there is a chip shortage and we will not have enough M1 max for Microsoft, another amazing quarter all the way up and down the business.

Again, the cloud computing business Azure up 50% year over year, 51% 45%. If you go in constant currency, nobody gives Microsoft nearly enough credit for how much their cloud computing business is killing it.

Both of these stocks are not moving very much at all. Apple in fact, I think Chris is down a little bit as we're recording.

And so it's just a little bit staggering. What we've come to expect of these businesses is extraordinary because the numbers they're putting up under any other circumstances would be mind blowing.

Well, let's move on to Starbucks then shares are down more than 3% this morning despite the fact that the third quarter for Starbucks had so many good things you can point to yes, the profit and revenue higher than expected.

And I know the year over year same store sales numbers are extraordinary because a year ago.

Pretty much the United States was shut down, but you go back two years. Same store sales up 10% compared to two years ago. That's pretty great.

It's amazing. I mean, I would say you're I'm risking high purvely here, Chris, but that is bananas. I mean, the 83% comes up in the US 73% up worldwide.

And so yes, we were dealing with empty stores last year. But if you just factor in that two year number, that means not I mean forget about recovery.

We're not even talking about recovery. We are now talking about growth, sustained growth from where Starbucks was. And apparently Chris, we are we're the out of touch ones here because we like our hot coffee and it's the ice coffee that's driving all this.

So, but yeah, you know, I mean, shocker people like coffee that that is not very much of a surprise, but give the operations leads at Starbucks a lot of credit here, Chris.

Not only are they building stores strategically. And I think the thing that's easy to undersell is that during the pandemic Starbucks was making investments at a difficult time to make investments.

They were making investments and it looks like it's paying off.

Yeah, to go back to the temperature of the beverages for a second, I knew that you and I were out of step with a lot of people in that we drink hot coffee and there are a lot of people who like cold beverages.

...