While I was waxing lyrical about the app economy yesterday afternoon, I did include the caveat that these companies won’t come to the forefront until the current macro clouds blow over. In addition, the app economy depends on a sound…
Imagine this: A rich entrepreneur in his vacation rental (AirBnb), running his business with Shopify’s (SHOP) online store platform and Zoom (ZM) meetings, being chauffeured around in UBERs, eating Chipotle (CMG) burritos delivered to him by Third World immigrants via…
I have to admit it: I have no clue what is going on. The market has essentially been chopping around for the last two weeks as you can see in the tweet above by Jim Bianco. From a narrative standpoint,…
While the market sorts out what appears to be a slightly hotter than expected January CPI Report, Coke (KO) reported an excellent 4Q22 earlier this morning. Organic revenue was +15% and they guided 2023 organic revenue to +7-8% and comparable…
The main event next week is the January CPI Report on Tuesday morning (for more on this see “Icahn’s Puts And The January CPI”, Top Gun Financial, February 10). In addition to the CPI, a number of what I have…
It’s better to own a wonderful company at a fair price than a fair company at a wonderful price – Warren Buffett Most of us have an inclination to root for the underdog. We want to believe that David can…
While the price action still favors the bulls, the market has been marginally weak over the last five trading sessions since Apple (AAPL), Google (GOOG/GOOGL) and Amazon (AMZN) reported 4Q22 earnings on Thursday afternoon February 2nd. One of the more…
While it’s always nice to hit home runs, I prefer to hit singles in the current environment. Pepsi (PEP) and Kellogg (K) are not sexy stocks but boring is beautiful as far as I’m concerned. Both reported excellent quarters this…
UBER reported an excellent 4Q22 before the market opened on Wednesday and shares rose 5.32% on the day as you can see in the chart above. However, note that shares of LYFT fell 6.58% on the day. What does it…
UBER reported another strong quarter this morning and I now believe the stock will be a long term winner – but it’s overbought in the short term. 4Q22 Gross Bookings increased 19% compared to a year ago to $30.75 billion….