SNOW CRM: Weak Revenue Guidance
They say a bird in the hand is worth more than one in the bush but Wall Street is often focused on the one in the bush. I’m talking about forward guidance. Snowflake (SNOW) and Salesforce (CRM) both reported 4Q23…
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The Self Storage Stocks
Self storage is a great business. Americans buy too much stuff and need somewhere to store it. Plus, moving things is a hassle so most people end up keeping their storage units for a long time. I know this from…
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ZM Is Very Cheap
I’ve had my eye on Zoom (ZM) for a couple years now as a deep value play and it’s finally getting a little love this afternoon after its 4Q23 earnings report. ZM has nearly $7 billion in cash and marketable…
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NVDA Reports An Excellent Quarter But Is It Enough?
Nvidia (NVDA) just released one of the most anticipated earnings reports I can remember. As expected, the numbers were excellent: Revenue: $22.1 billion; Gross Margin: 76.7%; EPS: $5.16. All of these numbers beat their own guidance as well as Wall…
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NVDA On Deck, PANW This Afternoon, LIT For The Long Term
Obviously the highlight of the week is Nvidia (NVDA) earnings Wednesday afternoon. As I wrote in my last blog, NVDA is guiding the Jan quarter to $20 billion in revenue and 75% gross margins. NVDA only provides quarterly guidance and…
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NVDA Earnings And The Popping Of The Mag 7 Bubble
S&P 5000. I can’t say I expected that 15 years ago when the market was crashing and the S&P fell below 700. It’s been an incredible run since then – led by the Big 5, now the Magnificent 7 (Tesla…
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Short Strangle: How To Play DASH Earnings
I’m a long term DoorDash (DASH) bull but the stock is quite overextended heading into earnings Thursday afternoon. How to play it? All of DASH’s key metrics – Gross Order Volume (GOV), Revenue, Adjusted EBITDA – have been trending up…
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UBER’s Investor Day And The Path To UBER $1 Trillion
UBER held an investor update Wednesday in which they unveiled new three year targets for Gross Bookings, Adjusted EBITDA and Free Cash Flow (on page 18). For Gross Bookings, they forecasted mid to high teens CAGR growth over the next…
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LYFT Adds An Extra Zero Briefly Skyrocketing Shares
Lyft (LYFT) reported earnings after the close Tuesday and a typo in its report briefly sent shares soaring more than 60% before coming back to earth. It’s literally the funniest thing I’ve seen in my almost 20 year career in…
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Revisiting The Garbage Stocks In The Wake Of WM Earnings
A year ago I put 2% of the portfolios into the garbage stocks: Waste Management (WM), Republic Services (RSG) and Waste Connections (WCN) – and the basket is +25% since then. What I like about these businesses is that they…
