Cloud data platform Snowflake (SNOW) reported 4Q21 earnings after the close Wednesday. Revenue of $384 million was +101% year over year and they had $18 million in operating income. SNOW guided 2022 revenue to $1.88 billion to $1.9 billion (+65%…
Meme stock AMC Entertainment (AMC) reported 4Q21 earnings Tuesday afternoon. Gamestop (GME) will report later this month. Both stocks surged higher last year on massive short squeezes. Hedge fund Melvin Capital lost more than 50% and almost $7 billion shorting…
I’m not a stoner but I do like to smoke marijuana every now and then to unwind. And my sense is that more and more people would say the same as marijuana continues to become more socially acceptable and legalized….
Warren Buffett is widely – and correctly – considered to be the greatest investor of all time. As a consequence, it’s almost heresy to say anything bad about him or Berkshire Hathaway (BRK.A/BRK.B). Nevertheless – and I hate to say…
Online used car retailer Carvana (CVNA) reported 4Q21 earnings after the close Thursday. 4Q21 results were fine with units sold +1% to 113,016 and revenue +8% to $3.75 billion compared to 3Q21. The issue is bad 1Q22 guidance due to…
Monday.com (MNDY), an Israeli based cloud work management platform, reported earnings Wednesday morning. Formerly a market darling, MNDY got clocked to the tune of -28% on almost 10x average volume. I believe the issue was 2022 guidance to a larger…
Behemoth home improvement retailer Home Depot (HD) reported 4Q21 earnings before the open Tuesday. The quarter itself was fine with US Comps +7.6% and EPS +21% to $3.21. The problem was guidance. HD guided 2022 comp growth to “slightly positive”…
Two stocks reporting 4Q21 earnings next week that I’m zeroing in on are virtual health care provider Teladoc (TDOC) and payments company Block (SQ). TDOC is the #2 holding of Cathie Wood’s Ark Innovation ETF (ARKK) and SQ #10 so…
Retailing behemoth Walmart (WMT) reported 4Q21 earnings before the open Thursday. Walmart US same store sales excluding fuel were +5.6% and EPS of $1.53 was +10% compared to a year ago. WMT guided 2022 comps to slightly above 3% and…
Popular burger chain Shake Shack (SHAK) reported 4Q21 earnings Thursday afternoon. While the quarter itself looked fine to me with Same Shack Sales +20.8% vs 2020 and +2.2% vs 2019, I think it’s their margin guidance that is concerning investors….