LYFT: What Do Investors Want?
Ride hailing company Lyft (LYFT) reported 3Q22 earnings after the close Monday and shares are getting dinged to the tune of 13% in the after hours at the moment. But I can’t figure out why. Active Riders came in at…
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PLTR: From Universally Loved To Universally Hated
If you trade stocks long enough you better develop a sense of humor. Exhibit A: Palantir (PLTR) which reported 3Q22 earnings this morning. Last year my neighbor was bragging to me about how much money he was making in PLTR….
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PYPL: Blood In The Streets
The carnage in PayPal (PYPL) over the last year plus has been something to behold. PYPL was a beloved $300 stock only 15 months ago. This morning PYPL is set to open around $70 after it warned of a tough…
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Valuing AMZN: AWS + Retail
Amazon (AMZN) reported weak 3Q22 earnings last Thursday afternoon and the stock has been punished in their wake. But I think it’s overdone at this point. When most people think of AMZN they think of the online retail business. However…
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UBER Is Turning The Corner
Ride sharing and food delivery app Uber (UBER) reported 3Q22 earnings Tuesday morning and I believe the company is turning the corner. For a long time UBER seemed like the ultimate symbol of Silicon Valley excess: a company that focused…
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NEM: The Precious Metals Miners Are Poised To Rally
Leading gold miner Newmont (NEM) reported 3Q22 earnings Tuesday morning. NEM continues to execute with 1.49 million ounces in attributable gold production putting it on pace for 6 million ounces of production in 2022. Adjusted EBITDA of $850 million and…
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META: Zuck Goes All In On The Metaverse
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…
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GOOG/GOOGL: Back To Reality
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…
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Load Up On SNAP
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…
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Speculating On SNAP
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…
