We anticipate Reality Labs operating losses in 2023 will grow significantly year over year – META 3Q22 Press Release 10/26/22 With his stock down ~70% from its all time highs as its core business – Facebook and Instagram – matures…
The stock market has had a terrific run over the last nine sessions since the stunning reversal two Thursdays ago. Add on a likely Fed pivot and the move makes complete sense. But markets probably got a little too excited…
Snapchat (SNAP) just reported 3Q22 earnings and the stock is cratering. It is currently -25% in the after hours. And I’m shocked because I actually thought it was a good report! What seems to be unnerving investors is SNAP’s guidance…
Former social media app darling Snapchat (SNAP) has been left for dead – and rightfully so. Revenue growth fell off a cliff in its disastrous 2Q22 to just +13% and Adjusted EBITDA was essentially breakeven at $7 million. SNAP wouldn’t…
Netflix (NFLX) just reported a solid 3Q22 and its shares are currently +15% in the after hours. After two consecutive quarters of declining paid memberships NFLX added 2.41 million in 3Q22 and guided 4Q22 paid additions to 4.50 million. At…
Consumer staples behemoth Procter & Gamble (PG) reports 3Q22 earnings tomorrow morning. PG’s brands like Tide laundry detergent and Crest toothpaste are some of the best known and highest quality but they come at a premium. The question is: Are…
When I see a chart like the one above of leading drugstore Walgreens (WBA) I want to find out why it’s essentially straight down. For example many tech stocks have charts that look like WBA’s this year due to rising…
Pepsi (PEP) just reported solid 3Q22 earnings for the quarter ended September 3. Organic Revenue at the $225 billion food and beverage behemoth increased 16% compared to a year ago. Importantly this was due to pricing power as volume actually…
Semiconductor manufacturer Micron (MU) reported 3Q22 earnings for the quarter ended August 31 after the close Thursday. On August 9 they warned that revenue in the current quarter would come in at or below previous guidance of $7.2 billion and…
Leading used car retailer CarMax (KMX) reported 3Q22 earnings for the period ended August 31 Thursday morning. Used vehicle sales units declined 6.4% year over year to 216,939 after consumers couldn’t get their hands on enough cars during the pandemic….