Peloton (PTON) – one of the hottest stocks during the pandemic – clearly benefitted from everybody being locked down as revenues are now rolling over year over. In the 1Q22, revenue was -24% year over year and PTON guided 2Q22…
One of the funnier moments on CNBC happened six months ago when legendary trader Mark Minervini recommended artificial intelligence lending platform Upstart (UPST). When asked what the company does either the connection broke down or Minervini froze. Minervini said it…
NASDAQ Futures are currently -2.5%, the 10 year treasury yield is at 3.2% and the dollar is surging. However I would like to break some news: the world is not ending. In fact, I believe the pain trade is now…
Ecommerce platform provider Shopify (SHOP) reported a bad quarter Thursday before the open. Revenue growth decelerated to 22% as the economy reopens and consumers shift more of their spend to brick and mortar from online. SHOP said it expects this…
DoorDash (DASH) reported 1Q22 earnings after the close Thursday. You wouldn’t know it from its chart but DASH’s business continues to progress. Gross Order Volume (GOV) was +25% and Revenue +35%. DASH nudged up its full year 2022 GOV guidance…
Tinder parent Match (MTCH) reported 1Q22 earnings after the close Tuesday. Revenue was +20% and Adjusted Operating Income +19% compared with a year ago. 2Q22 guidance for revenue of $810-$820 million and adjusted operating income of $285-$290 million might have…
Ride hailing company Lyft (LYFT) is currently down 25% in the after hours from 52-week lows after reporting 1Q22 earnings. The quarter itself looked fine to me but it seems like 2Q22 guidance of adjusted EBITDA of only $10-$20 million…
Backup power generator manufacturer Generac (GNRC) has sold off hard with the rest of growth over the last 6 months – down more than 50%. However, I believe this is a case of throwing out the baby with the bath…
The only two S&P sectors in the green this year are Utilities (XLU) and Consumer Staples (XLP) – two of the most defensive sectors along with Healthcare (XLV). The best way to play utilities is to get broad exposure via…
I just purchased 2% positions each in hated Facebook (FB) and Paypal (PYPL) heading into their 1Q22 earnings reports this afternoon. This is the kind of trade that loses me Twitter followers because it goes against a number of Wall…