Value In ZM
Zoom (ZM) just reported 4Q22 earnings – including full year 2023 guidance – and I think there is value in shares here. ZM is guiding 2023 revenue to $4.435-$4.455 billion and Non-GAAP EPS to $4.11-$4.18. They also have $5.4 billion…
ZM: Tracking The Ultimate Bubble Stock
In many ways Zoom (ZM) – which reports 4Q22 earnings Monday afternoon – is the ultimate bubble stock. In October 2020 – as the pandemic raged and we were all Zooming each other from lockdown – ZM shares reached almost…
Market Preview Week of Feb 27-Mar 3: KR TGT COST AZO Earnings
Next week a number of Top Gun holdings report earnings: Kroger (KR), Target (TGT), Costco (COST) and AutoZone (AZO). Kroger (KR), Position Size: 6.27%, Market Cap: $32 Billion KR – the leading grocery chain in the country – is one…
NVDA: Technicals Vs Fundamentals: Another Test Of The Competing Narratives
While not quite as well known as The Big 5, semiconductor manufacturer Nvidia (NVDA) – with a $500 billion market cap – is one of the most popular and important stocks in the market – and it reports 4Q22 earnings…
HD Earnings Reflect Slowing Housing Market
4Q22 results just out from Home Depot (HD) are finally reflecting the slowdown in the housing market. Comps decreased 0.3% compared to a year ago and HD guided to flat comp growth in 2023. Customer transactions in the quarter were…
The Garbage Stocks
One of my favorite current commercials is one by Progressive Insurance in which a new homeowner cleans his garbage cans. When asked why he says: “You can never be too safe”. To which the interlocutor replies: “With trash?” But maybe…
DE: Farming Is Fundamental
While I was waxing lyrical about the app economy yesterday afternoon, I did include the caveat that these companies won’t come to the forefront until the current macro clouds blow over. In addition, the app economy depends on a sound…
You Can’t Go Wrong With KO
While the market sorts out what appears to be a slightly hotter than expected January CPI Report, Coke (KO) reported an excellent 4Q22 earlier this morning. Organic revenue was +15% and they guided 2023 organic revenue to +7-8% and comparable…
PEP K: Boring Is Beautiful
While it’s always nice to hit home runs, I prefer to hit singles in the current environment. Pepsi (PEP) and Kellogg (K) are not sexy stocks but boring is beautiful as far as I’m concerned. Both reported excellent quarters this…
Why I’m Betting UBER Is Crushing LYFT
UBER reported an excellent 4Q22 before the market opened on Wednesday and shares rose 5.32% on the day as you can see in the chart above. However, note that shares of LYFT fell 6.58% on the day. What does it…