A parade of earnings reports will expose how companies have contended with soaring inflation, shifts in consumer spending, and a volatile supply environment.
A mixed Costco mixed FQ4 earnings means more volatility in stock market?
$Costco (COST)$ reported its Q4 FY2024 results after the 26th after-hours, and the overall performance has been fair, with basically little volatility after-hours.The company's shares are higher and the main trading force has been institutional as well.Earnings PerformanceRevenues of $79.70 billion, up 1.0% year-over-year and slightly below market expectations of $79.96 billion.Same-store sales growth increased 6.9% overall, above market expectations of 6.4%, with same-store growth in North America of 6.3%, above expectations of 6.0%, and same-store +9.3% in overseas territories, above market expectations of 8.6%.Same-store sales growth including fuel was 5.4%, above market expectations of 4.27%, including +5.3% in North America, above market expe
Strong Earnings vs Weak Market? ServiceNow is still worth holding!
After a strong Q2 performance, cloud computing company ServiceNow (NOW) saw a decline of nearly 2.7% in after-hours trading on Thursday. However, looking at its performance over the past year, NOW not only outperformed the market but also emerged as one of the most favored targets in the entire SaaS industry. In the era of AI, the company has further strengthened its advantages through various external collaborations.ServiceNow (NOW) remains one of the top-tier tech companies worth holding, even amid the current market pullback.Q2 HighlightsThe company's Q2 revenue reached $2.15 billion, a year-on-year growth of 23% (adjusted for exchange rates, the growth was 22.5%), surpassing the market's expectation of $2.13 billion.The subscription revenue (SaaS) amounted to $2.075 billion, with a yea
How A Leader Encuber The Industry? Solar's Tumble Day!
$SolarEdge(SEDG)$ saw its stock price drop below $200 earlier today due to disappointing Q2 earnings, lowered Q3 guidance, and a weak industry demand. These concerns have turned into reality, causing investors to worry and withdraw funds. Currently, SEDG has become a controversial investment target. Some believe it's a good time to buy at a low point, trusting that the company can overcome the crisis of reduced expectations. On the other hand, some think it's best to sell the stock, as short-term demand remains challenging to reverse.This Israeli company sells microinverters, power optimizers, monitoring systems, and other solar technology components. SEDG investors typically hold an optimistic view of the global solar energy industry. How deeply
Beverage industry in China is undoubtedly thriving, and in this environment, the Q2 earnings of $Luckin Coffee Inc.(LKNCY)$ surprisingly achieved a record-breaking profit. Despite the scandal of falsifying financial data two years ago, the company has moved from the main board to the OTC market and settled legal disputes. However, it still lacks coverage from mainstream investment banks. As a result, Luckin can only compare its performance against its own past achievements, as there are no "market expectations" to be compared with.In the past year, growth stocks have faced immense pressure, especially in the restaurant industry, which has been struggling. Surviving the pandemic period was already commendable, not to mention facing massive market
$Uber(UBER)$ Q2 earning made the stock plummeted nearly 6%, surprisingly falling short of market expectations in terms of revenue, which caused some concerns as the CFO is stepping down without a successor in place. However, the ride-hailing and delivery still showed robust performance, with profit margins exceeding expectations and recording operating profit under GAAP for the first time. Additionally, the company raised its Q3 guidance, becoming an unexpected bright spot.Furthermore, advertising revenue is expected to play a crucial role in boosting the company's profitability and increasing its valuation. Performance overview Revenue reaching $9.23 billion, a YoY growth of 14.0%, slightly below the expected $9.34 billion. total bookings amounte
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In its latest press release on 12 July, $ZIM Integrated Shipping Services Ltd.(ZIM)$ downgraded their forecast for FY2023, which rightly sparked a market sell off. I'm expecting the price to continue trending back below $12. Can bullish market overturn bearish sentiment? With the recent CPI report and the Fed pause in June, we're starting to feel more confident that the worst is over and that interest rates will probably not go up much further, with some of us going so far as to speculate interest rate cuts happening by year end. Will our economy start picking up in H2 2023, and won't that be good news for ZIM? How important is US-Sino trade to ZIM? The Pacific trade route accounts for a majority of ZIM recent revenue in 2022 (stats
🔥Stock Prediction: How will Apple close Friday 5/5 following their earnings?
Click to vote. Guess how will Apple close Friday 5/5 following their earnings?? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers. $Apple(AAPL)$ will release its financial report for the second quarter of fiscal year 2023 after the US stock market closes on Thursday May 4th.🔙 Latest ResultsEPS: $1.88 vs. $1.94 estimated, down 10.9% year over yearRevenue: $117.15 billion vs. $121.10 billion estimated, down 5.49% year over yearGross margin: 42.96% vs. 42.95% estimated💡Highlights of this quarter:Deutsche Bank raised the firm's price target on Apple to $170 from $160 and keeps a Buy rating on the shares. The analyst expects Apple to report fiscal Q2 results in line with Street estimates, with strength in iPhone offsettin
Seldom did $Nike(NKE)$ plummet 9% after earnings, but 23FQ1 made it. It's just Nike is experiencing an awkward "disaster".A glance at the performance. Revenue 12.69 billion US dollars, a year-on-year increase of 3.6%, beat market consensus of 12.31 billion US dollars; Gross profit 5.62 billion US dollars, a year-on-year decrease of 1.42%, but it also beat market consensus 5.54 billion US dollars; GAAP's net income US $1.47 billion, a year-on-year decrease of 21.7%, miss market consensus of US $1.49 billion. Gross profit margin decreased by 220 basis points to 44.3%, which was lower than the market consensus of 45.4%.Increase&nb
Is the COVID-19 pandemic really 'over'? Experts weigh in
President Biden stirred debate among health experts Monday after commenting to CBS's 60 Minutes that the pandemic is over.Though Biden said the country is still fighting COVID-19, White House officials were nonetheless surprised by his comment: "The pandemic is over. We still have a problem with COVID. We're still doing a lot of work on it. But the pandemic is over."Some experts took the president's statement to mean that the emergency part of the pandemic is over, while others worry that Biden's comments could thwart global efforts to combat the disease."I think what the president meant was that we are finished with the emergency phase of COVID-19 and we are in a better place than we were a year ago. And that's a fair point. But he didn't say that, and I'm concerned that the public will h
$GameStop(GME)$ released Q2 earnings after close of September 7th. Q2 Revenue decreased 4.0% YOY to 1.136 billion US dollars, miss market consensus of 1.279 billion US dollars; Hardware and accessories accounted for 52.5% of total revenue, slightly miss the consensus, Software sales were $316 million, which fell short of the market expectation of $439 million, while Collectible reaches 223 million, beat market consensus of 213 million. Marketing, general and administrative expenses fell 14.3% to $387.5 million in the quarter, as GME focused on adjusting costs after a period of significant investment in long-term plans
Stock: 3 Things to Watch When Nio Reports Earnings
*$NIO Inc.(NIO)$will report Q2 earnings on Sept. 7.* Analysts are expecting revenue of $1.39 billion.* Shares of NIO stock are down over 40% year-to-date.Nio stock is in full focus, as the company is set to announce second-quarter earnings on Wednesday, Sept. 7 before the market open. The Chinese automaker also announced its August deliveries on Thursday, which was 10,677 vehicles. Of the 10,677 vehicles, 7,551 of them were premium smart electric SUVs, while the remaining 3,126 were premium smart electric sedans.Deliveries rose 81.6% year-over-year (YOY) and were higher by 6% compared to July’s delivery figure of 10,052 vehicles. Since the beginning of the year, cumulative deliveries have totaled 71,556 vehicles, up 28.3% YOY.Meanwhile, both <
Earnings Digest| BYD Will Perform Stellar Even Buffett Sold It?
According to Hong Kong Stock Exchange documents, $Berkshire Hathaway(BRK.B)$ sold 1.33 million $BYD COMPANY(01211)$ on Aug. 24.This document confirms previous market rumors that Warren Buffett began selling at a profit after holding BYD for many years.The move will be a blow to investor confidence after Warren Buffett reduced his holdings. Can BYD can also return to trillion market cap(RMB)? Let's start from the latest report to analyze its fundamentals.1. Why did a 206% Spike in Net Income not push the stock price?Yesterday, BYD released its half year earnings with net income surging 206%.The earnings re
Earnings Outweigh Fed?-List of Companies Lowered Q3 Guidance
As the Q2 earnings season comes to an end, the stock market rally also paused after Powell's speech.While everyone blames Powell for the market dive, an analyst from Morgan Stanley called on investors not to focus on Fed but on the company's earnings.1.Why do companies earnings outweigh Fed's policy?Morgan Stanley’s analyst holds that the most significant risk to stocks is weakness in earnings.Wilson said, While the first half of the year was dictated by Federal Reserve policy and tighter financial conditions, the second half will be determined by earnin
A mixed Costco mixed FQ4 earnings means more volatility in stock market?
$Costco (COST)$ reported its Q4 FY2024 results after the 26th after-hours, and the overall performance has been fair, with basically little volatility after-hours.The company's shares are higher and the main trading force has been institutional as well.Earnings PerformanceRevenues of $79.70 billion, up 1.0% year-over-year and slightly below market expectations of $79.96 billion.Same-store sales growth increased 6.9% overall, above market expectations of 6.4%, with same-store growth in North America of 6.3%, above expectations of 6.0%, and same-store +9.3% in overseas territories, above market expectations of 8.6%.Same-store sales growth including fuel was 5.4%, above market expectations of 4.27%, including +5.3% in North America, above market expe