Is UBER Turning The Corner?
I have never owned Uber (UBER) and thought I never would but after reviewing their 2Q22 earnings I asked myself for the first time: “Should I buy it?” The earnings were that good. Food Delivery continued to be solid with…
MOS Is A Juggernaut
Fertilizer producer Mosaic (MOS) reported 2Q22 earnings after the close Monday. While earnings missed estimates and the stock is -3% as a result, I couldn’t care less because they were phenomenal. Revenue increased 92% compared to a year ago and…
META Is A Buy For Long Term Investors
There’s very little to like about the former Facebook – Meta Platforms (META) – right now. The stock isn’t working and the business is struggling. But great companies figure things out. META has almost 2 billion Daily Active Users (DAUs)…
GOOG/GOOGL MSFT: Mediocre
Google (GOOG/GOOGL) and Microsoft (MSFT) were the first of The Big 5 to report 2Q22 earnings Tuesday afternoon – and their reports can best be characterized as mediocre. Let’s start with GOOG/GOOGL. Core Advertising Revenues grew only 12% – compared…
Oh SNAP!
Snapchat (SNAP) is getting crushed (-25%) after hours Thursday after reporting 2Q22 earnings. While more and more people are using the app – Daily Active Users (DAUs) increased to 347 million from 332 million a quarter ago – SNAP struggled…
Commodity Stocks Will Rally If The Fed Stays In Line
It’s been an extremely volatile year for commodity stock bulls like myself. During the first quarter the stocks marched relentlessly higher along with inflation and commodity prices while the second quarter was the mirror image of the first as the…
NFLX: Good Enough
Netflix (NFLX) had been decimated to the tune of -70% over the last eight months heading into Tuesday afternoon’s 2Q22 earnings report. Tuesday’s report was by no means great but it suggests that NFLX can stop the bleeding. Paid subscribers…
GIS Protects Its Margins – And Provides A Playbook For Other Consumer Staples
The one stock star amid the doom and gloom this week is General Mills (GIS) which reported earnings Wednesday morning. The maker of Cheerios and Betty Crocker cake mix is the first company I’m aware of that seems to have…
MU – Along With The Rest Of The Market – May Be Washed Out
Chip maker Micron (MU) reported a bad quarter after the close Thursday. While numbers for the quarter ended June 2 were fine, MU’s guidance was quite weak. MU guided revenue to $7.2 billion plus or minus $400 million. The comparable…
SCHN: Commodity Stocks Still Look Good To Me
Commodity stocks – along with the rest of the market – have been bludgeoned over the last couple of months as investors price in an extremely hawkish Fed. But earnings from Schnitzer Steel (SCHN) this morning suggest to me that…