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SDRL
10-25-24
39.09
Seadrill (Nyse: SDRL)
SEC, nasdaq, ShortSqueeze
Finviz, StockTA, Stoxline,
NOV
10-25-24
15.70
NOV(Nyse: NOV)
Oilfield services provider National Oilwell Varco said Monday it would change its corporate name to “NOV Inc.”, effective January 1, 2021.
SEC, nasdaq, ShortSqueeze
Finviz, StockTA, Stoxline,
Nvidia And Other Chip Stocks Rise On Analyst Comments. These Are The Top Picks.
FacebookXLinkedInShare Licensing
PATRICK SEITZ12:30 PM ET 10/25/2024
https://www.investors.com/news/technology/nvidia-stock-ai-chip-stocks-rise-analyst-comments/?src=A00220
(NOTE: Colors and check marks are my edits)
Artificial intelligence chip stocks rose Friday amid encouraging reports from Wall Street analysts. Nvidia (NVDA) ✔️stock was among the gainers.
BofA Securities analyst Vivek Arya pounded the table for a portfolio of AI chip stocks, citing a "generational capex cycle in generative AI infrastructure."
The data center market "remains one of few bright spots" in third-quarter semiconductor earnings reports, he said.
The four major U.S. hyperscale cloud computing companies — Alphabet's (GOOGL) Google ✔️, Amazon (AMZN), ✔️Meta Platforms (META) and Microsoft (MSFT) — likely will continue to spend heavily on AI data center gear, he said. And that, in turn, bodes well for AI chipmakers.
AI beneficiaries among chip stocks are Nvidia, Broadcom (AVGO), Marvell Technology (MRVL), Micron Technology (MU) ✔️and Advanced Micro Devices (AMD), Arya said. His "top picks" are Nvidia and Broadcom.
In midday trades on the stock market today, Nvidia stock rose more than 2% to 143.55. Broadcom advanced 2.7% to 176.01. Marvell increased a fraction to 82.63. Micron climbed 2.1% to 109.10. And AMD improved 2.6% to 157.50.
Nvidia Stock Is On Six IBD Lists
Cloud capital expenditures in the third quarter rose an estimated 54% year over year to $62 billion worldwide, Arya said. For the full year, cloud capex is tracking to $237 billion, up 46%.
For 2025, global cloud capex is forecast to rise 15% to $272 billion, Arya said.
Elsewhere on Wall Street, Piper Sandler analyst Harsh Kumar called AMD his "top large-cap pick" among chip stocks. He rates AMD stock as overweight, or buy, with a price target of 200.
He sees AMD closing a competitive gap with AI chip leader Nvidia through its planned purchase of ZT Systems. Meanwhile, momentum is building for AMD's AI accelerators, Kumar said.
In the AI chip market, Kumar also has positive ratings for Nvidia, Broadcom and Micron.
AI chip stocks are well represented on IBD stock lists.
Nvidia stock is on six IBD lists: IBD 50, Leaderboard, Sector Leaders, Stock Spotlight, SwingTrader and Tech Leaders.
Broadcom is on two IBD lists: Big Cap 20 and Tech Leaders. And AMD is on the Tech Leaders list.
Earnings 10-25-24
BP 10-29 B
CROX 10-29 B
PYPL 10-29 B
CMG 10-29 A
AMD 10-29 A
GOOGL 10-29 A
ROKU 10-30 A
SBUX 10-30 A
TWLO 10-30 A
ETSY 10-30 A
MSFT 10-30 A
RIG 10-30 A
META 10-30 A
RBLX 10-31 B
MA 10-31 A
INTC 10-31 A
AAPL 10-31 A
AMZN 10-31 A
PLTR 11-4 A
IRM 11-6 A
QCOM 11-6 A
IRBT 11-6 A
RIVN 11-7 A
RNG 11-7 A
UPST 11-7 A
SQ 11-7 A
TTD 11-7 A
ABNB 11-7 A
TOST 11-7 A
HD 11-12 B
DIS 11-14 B
WMT 11-19 B
NVDA 11-20 A
TGT 11-20 B
DELL 11-26 A
_______________________________________________________
Keurig Dr Pepper (KDP) reported earnings of $0.51 per share on revenue of $3.89 billion for the third quarter ended September 2024. The consensus earnings estimate was $0.51 per share on revenue of $3.93 billion. The Earnings Whisper number was $0.52 per share. The company missed expectations by 1.92% while revenue grew 2.26% on a year-over-year basis.The company said it continues to expect 2024 earnings of approximately $1.92 per share. The current consensus earnings estimate is $1.92 per share for the year ending December 31, 2024.
Lam Research (LRCX) reported earnings of $0.86 per share on revenue of $4.17 billion for the fiscal first quarter ended September 2024. The consensus earnings estimate was $0.80 per share on revenue of $4.05 billion. The Earnings Whisper number was $0.83 per share. The company beat expectations by 3.61% while revenue grew 19.70% on a year-over-year basis.The company said it expects second quarter earnings of $0.77 to $0.97 per share on revenue of $4.00 billion to $4.60 billion. The current consensus earnings estimate is $0.84 per share on revenue of $4.22 billion for the quarter ending December 31, 2024.
Newmont Mining (NEM) reported earnings of $0.81 per share on revenue of $4.61 billion for the third quarter ended September 2024. The consensus earnings estimate was $0.83 per share on revenue of $4.07 billion. The Earnings Whisper number was $0.82 per share. The company missed expectations by 1.22% while revenue grew 84.72% on a year-over-year basis.
IBM (IBM) reported earnings of $2.30 per share on revenue of $14.97 billion for the third quarter ended September 2024. The consensus earnings estimate was $2.27 per share on revenue of $15.15 billion. The Earnings Whisper number was $2.34 per share. The company missed expectations by 1.71% while revenue grew 1.46% on a year-over-year basis.
Mattel (MAT) reported earnings of $1.14 per share on revenue of $1.84 billion for the third quarter ended September 2024. The consensus earnings estimate was $0.94 per share on revenue of $1.84 billion. The Earnings Whisper number was $0.96 per share. The company beat expectations by 18.75% while revenue fell 3.90% compared to the same quarter a year ago.The company said it continues to expect 2024 earnings of $1.35 to $1.45 per share but now expects revenue of $5.441 billion to slightly down. The company's previous guidance was revenue of approximately $5.441 billion and the current consensus earnings estimate is $1.44 per share on revenue of $5.38 billion for the year ending December 31, 2024.
Tesla (TSLA) reported earnings of $0.72 per share on revenue of $25.18 billion for the third quarter ended September 2024. The consensus earnings estimate was $0.58 per share on revenue of $25.55 billion. The Earnings Whisper number was $0.65 per share. The company beat expectations by 10.77% while revenue grew 7.85% on a year-over-year basis.
Teradyne (TER) reported earnings of $0.86 per share on revenue of $729.88 million for the second quarter ended June 2024. The consensus earnings estimate was $0.76 per share on revenue of $703.04 million. The Earnings Whisper number was $0.84 per share. The company beat expectations by 2.38% while revenue grew 6.64% on a year-over-year basis.The company said it expects third quarter earnings of $0.66 to $0.86 per share on revenue of $680.0 million to $740.0 million. The current consensus earnings estimate is $0.87 per share on revenue of $711.30 million for the quarter ending September 30, 2024.
AT&T (T) reported earnings of $0.60 per share on revenue of $30.21 billion for the third quarter ended September 2024. The consensus earnings estimate was $0.59 per share on revenue of $30.56 billion. The Earnings Whisper number was $0.60 per share. The company reported in-line with expectations while revenue fell 0.45% compared to the same quarter a year ago.The company said it continues to expect 2024 earnings of $2.15 to $2.25 per share. The current consensus earnings estimate is $2.22 per share for the year ending December 31, 2024.
Boeing (BA) reported a loss of $10.44 per share on revenue of $17.84 billion for the third quarter ended September 2024. The consensus estimate was a loss of $10.34 per share on revenue of $19.25 billion. The company missed consensus estimates by 0.97% while revenue fell 1.46% compared to the same quarter a year ago.
Roper Technologies (ROP) reported earnings of $4.62 per share on revenue of $1.76 billion for the third quarter ended September 2024. The consensus earnings estimate was $4.53 per share on revenue of $1.72 billion. The Earnings Whisper number was $4.57 per share. The company beat expectations by 1.09% while revenue grew 12.87% on a year-over-year basis.The company said it expects fourth quarter earnings of $4.70 to $4.74 per share. The current consensus earnings estimate is $4.74 per share for the quarter ending December 31, 2024.
SAP SE (SAP) reported earnings of $1.35 per share on revenue of $9.31 billion for the third quarter ended September 2024. The consensus earnings estimate was $1.31 per share on revenue of $9.26 billion. The Earnings Whisper number was $1.35 per share. The company reported in-line with expectations while revenue grew 10.45% on a year-over-year basis.The company said it now expects 2024 Cloud & Software Revenue of $31.9 billion to $32.2 billion. The company's previous guidance was Cloud & Software Revenue of $31.7 billion to $32.3 billion and the consensus estimate is for total revenue of $37.3 billion for the year ending December 31, 2024.
RTX (RTX) reported earnings of $1.45 per share on revenue of $20.09 billion for the third quarter ended September 2024. The consensus earnings estimate was $1.33 per share on revenue of $19.91 billion. The Earnings Whisper number was $1.40 per share. The company beat expectations by 3.57% while revenue grew 49.21% on a year-over-year basis.The company said it expects 2024 earnings of $5.50 to $5.58 per share on revenue of $79.25 billion to $79.75 billion. The company's previous guidance was earnings of $5.35 to $5.45 per share on revenue of $78.75 billion to $79.50 billion and the current consensus earnings estimate is $5.45 per share on revenue of $79.46 billion for the year ending December 31, 2024.
3M (MMM) reported earnings of $1.98 per share on revenue of $6.29 billion for the third quarter ended September 2024. The consensus earnings estimate was $1.93 per share on revenue of $6.10 billion. The Earnings Whisper number was $2.02 per share. The company missed expectations by 1.98% while revenue fell 24.28% compared to the same quarter a year ago.The company said it expects 2024 earnings of $7.20 to $7.30 per share. The company's previous guidance was earnings of $7.00 to $7.30 per share and the current consensus earnings estimate is $7.24 per share for the year ending December 31, 2024
Taiwan Semiconductor Manufacturing Company Limited (TSM) reported earnings of $1.94 per share on revenue of $23.50 billion for the third quarter ended September 2024. The consensus earnings estimate was $1.74 per share on revenue of $22.72 billion. The Earnings Whisper number was $1.87 per share. The company beat expectations by 3.74% while revenue grew 36.03% on a year-over-year basis.
The company said it expects fourth quarter revenue of $26.10 billion to $26.90 billion. The current consensus revenue estimate is $24.21 billion for the quarter ending December 31, 2024.
Netflix (NFLX) reported earnings of $5.40 per share on revenue of $9.82 billion for the third quarter ended September 2024. The consensus earnings estimate was $5.09 per share on revenue of $9.76 billion. The Earnings Whisper number was $5.17 per share. The company beat expectations by 4.45% while revenue grew 15.02% on a year-over-year basis.
The company said it expects fourth-quarter earnings of approximately $4.23 per share on revenue of approximately $10.13 billion. The current consensus earnings estimate is $3.86 per share on revenue of $9.98 billion for the quarter ending December 31, 2024.
Nike (NKE) reported earnings of $0.70 per share on revenue of $11.59 billion for the fiscal first quarter ended August 2024. The consensus earnings estimate was $0.52 per share on revenue of $11.64 billion. The Earnings Whisper number was $0.56 per share. The company beat expectations by 25.00% while revenue fell 10.43% compared to the same quarter a year ago.The company said during its conference call it expects second-quarter revenue of $12.05 billion to $12.32 billion. The current consensus revenue estimate is $12.48 billion for the quarter ending November 30, 2024. The company also said it is withdrawing its previous guidance for fiscal 2025 revenue of approximately $48.28 billion. The current consensus estimate is revenue of $48.65 billion for the year ending May 31, 2025.
Micron Technology (MU) reported earnings of $1.17 per share on revenue of $7.75 billion for the fiscal fourth quarter ended August 2024. The consensus earnings estimate was $1.15 per share on revenue of $7.65 billion. The Earnings Whisper number was $1.21 per share. The company missed expectations by 3.31% while revenue grew 93.27% on a year-over-year basis.The company said it expects first quarter non-GAAP earnings of $1.66 to $1.82 per share on revenue of $8.50 billion to $8.90 billion. The current consensus earnings estimate is $1.67 per share on revenue of $8.33 billion for the quarter ending November 30, 2024.
BlackBerry Limited (BB) reported a loss of $0.01 per share on revenue of $145.00 million for the fiscal second quarter ended August 2024. The consensus estimate was a loss of $0.04 per share on revenue of $608.00 million. The Earnings Whisper number was a loss of $0.02 per share. The company beat expectations by 50.00% while revenue grew 9.85% on a year-over-year basis.The company said it expects third quarter non-GAAP results to range from a loss of $0.01 per share to earnings of $0.01 per share on revenue of $146.0 million to $154.0 million. The current consensus estimate is a loss of $0.01 per share on revenue of $150.0million for the quarter ending November 30, 2024. The company also said it now expects a fiscal 2025 non-GAAP loss of $0.05 to $0.02 per share on revenue of $591.0 million to $616.0 million. The company's previous guidance was a loss of $0.07 to $0.03 per share on revenue of $586.0 million to $616.0 million and the current consensus estimate is a loss of $0.05 per share on revenue of $598.0 million for the year ending February 28, 2025.
FedEx (FDX) reported earnings of $3.60 per share on revenue of $21.58 billion for the fiscal first quarter ended August 2024. The consensus earnings estimate was $4.82 per share on revenue of $22.12 billion. The Earnings Whisper number was $4.91 per share. The company missed expectations by 26.68% while revenue fell 0.47% compared to the same quarter a year ago.The company said it expects fiscal 2025 earnings of $20.00 to $21.00 per share on revenue of approximately $89.9 billion. The company's previous guidance was earnings of $20.00 to $22.00 per share on revenue of approximately $88.6 billion to $94.7 billion, and the current consensus earnings estimate is $20.73 per share on revenue of $90.02 billion for the year ending May 31, 2025.
Adobe (ADBE) reported earnings of $4.71 per share on revenue of $5.41 billion for the fiscal third quarter ended August 2024. The consensus earnings estimate was $4.53 per share on revenue of $5.37 billion. The Earnings Whisper number was $4.58 per share. The company beat expectations by 2.84% while revenue grew 10.59% on a year-over-year basis.The company said it expects fourth quarter non-GAAP earnings of $4.63 to $4.68 per share on revenue of $5.50 billion to $5.55 billion. The current consensus earnings estimate is $4.62 per share on revenue of $5.60 billion for the quarter ending November 30, 2024
Oracle (ORCL) reported earnings of $1.46 per share on revenue of $13.31 billion for the fiscal first quarter ended August 2024. The consensus earnings estimate was $1.33 per share on revenue of $13.22 billion. The Earnings Whisper number was $1.35 per share. The company beat expectations by 8.15% while revenue grew 6.86% on a year-over-year basis.The company said during its conference call it expects second-quarter non-GAAP earnings of $1.45 to $1.49 per share on revenue of $13.98 billion to $14.23 billion. The current consensus earnings estimate is $1.47 per share on revenue of $14.07 billion for the quarter ending November 30, 2024.
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2 Artificial Intelligence (AI) Stocks Billionaire Money Managers Are Choosing Over Nvidia
Sean Williams, The Motley Fool
Fri, Oct 25, 2024, 3:21 AM MDT7 min read
Wall Street has been waiting decades for the next game-changing innovation to rival what the internet did for corporate America in the mid-1990s. After a long wait, artificial intelligence (AI) looks to have answered the call.
The ability for AI-driven software and systems to become more proficient at their tasks over time, as well as learn new skills without human intervention, gives this technology almost limitless potential. According to Sizing the Prize, the analysts at PwC see AI adding $15.7 trillion to the global economy through various production improvements and consumption-side effects by 2030.
But while no company has benefited more directly from the rise of AI than semiconductor titan Nvidia (NASDAQ: NVDA), quarterly Form 13F filings with the Securities and Exchange Commission show billionaire money managers are consistently choosing two other AI stocks over Wall Street's darling.
More than a half-dozen billionaire investors have been sellers of Nvidia stock
Nvidia has been able to ride its first-mover advantages to a nearly $3.2 trillion increase in market cap since the start of 2023. To date, its AI-graphics processing units (GPUs) hold a veritable market share monopoly in high-compute data centers.
Despite this competitive edge, more than a half-dozen billionaires were decisive sellers of Nvidia stock during the June-ended quarter, including (total shares sold in parenthesis):
Jeff Yass of Susquehanna International (52,497,275 shares)
Ken Griffin of Citadel Advisors (9,282,018 shares)
David Tepper of Appaloosa (3,730,000 shares)
Stanley Druckenmiller of Duquesne Family Office (1,545,370 shares)
Cliff Asness of AQR Capital Management (1,360,215 shares)
Israel Englander of Millennium Management (676,24 shares)
Steven Cohen of Point72 Asset Management (409,042 shares)
Philippe Laffont of Coatue Management (96,963 shares)
Taking into account Nvidia's historic climb of well over 800% in roughly 22 months, profit-taking likely accounts for some of this selling activity. But there may be more to this selling than meets the eye.
For example, U.S. regulators have been limiting Nvidia's sales and profit potential over the last two years. Regulators have restricted exports of the company's high-powered AI chips to China, which is one of Nvidia's top-dollar markets.
Insider activity has been another sore spot for Nvidia. While there are plenty of reasons for high-ranking executives and board members to sell, some of which are benign, there's only reason for insiders to purchase stock -- they expect the share price to head higher. December will mark four years since the last open-market purchase from an Nvidia insider. Meanwhile, there have been 83 insider sales over the trailing-12-month period.
Nvidia can also expect competition to slowly chip away at its leading data-center market share. New entrants into the AI-GPU arena, coupled with Nvidia's largest customers all internally developing AI chips of their own, would be expected to adversely impact Nvidia's, thus far, otherworldly pricing power and margins.
Lastly, no market leader of a next-big-thing innovation has avoided a bubble-bursting event over the last 30 years. Investors have a terrible habit of overestimating the adoption of new technologies, and nothing suggests AI is going to be the exception.
Rather than hold shares of Nvidia, billionaire money managers have consistently chosen to buy the following two artificial intelligence stocks instead.
Super Micro Computer
The first AI stock that billionaires clearly preferred over Nvidia in the second quarter is customizable rack server and storage solutions specialist Super Micro Computer (NASDAQ: SMCI). Based on the latest 13F filings, a half-dozen billionaire asset managers were buyers of Super Micro, including (total shares purchased in parenthesis and adjusted for the company's 10-for-1 stock split at the end of September):
Israel Englander of Millennium Management (5,533,230 shares)
Jeff Yass of Susquehanna International (5,088,140 shares)
Ken Griffin of Citadel Advisors (987,520 shares)
Steven Cohen of Point72 Asset Management (450,660 shares)
Ray Dalio of Bridgewater Associates (157,770 shares)
Cliff Asness of AQR Capital Management (10,400 shares)
The logical reason for investors to buy into the Super Micro growth story is that businesses wanting first-mover advantages in the AI arena will need to rapidly expand their data-center infrastructure. Super Micro is the logical choice to make that happen, as evidenced by the 110% net sales growth the company delivered in fiscal 2024 (ended June 30), and the 87% sales growth, based on the midpoint of its guidance, expected for the current fiscal year.
What makes this somewhat of an odd selection for billionaires is that Super Micro Computer's rack servers incorporate Nvidia's H100 GPUs. On one hand, this acts as a dangling carrot that keeps its infrastructure in high demand. Conversely, it puts Super Micro at the mercy of its suppliers, including Nvidia, which is dealing with backlogged orders for its GPUs.
I'd be remiss if I didn't also mention that noted short-seller Hindenburg Research released a report in late August alleging "accounting manipulation" at Super Micro. Despite the company denying these allegations, reports have surfaced that the U.S. Justice Department is conducting an early stage probe. To boot, Super Micro delayed filing its annual report, which is raising eyebrows on Wall Street -- and not in a good way.
There's no question that Super Micro Computer's stock is historically cheap, based on forward-year earnings per share (EPS) estimates; but there are also some very big questions that need answers before this stock gets a clean bill of health.
Microsoft
A second artificial intelligence stock billionaires are consistently choosing over Nvidia is one of only three $3 trillion businesses, Microsoft (NASDAQ: MSFT). During the June-ended quarter, eight prominent billionaire money managers purchased shares of Microsoft, including (total shares purchased in parenthesis):
Ken Fisher of Fisher Asset Management (1,340,392 shares)
Ole Andreas Halvorsen of Viking Global Investors (695,444 shares)
Ray Dalio of Bridgewater Associates (510,822 shares)
Israel Englander of Millennium Management (240,624 shares)
David Siegel and John Overdeck of Two Sigma Investments (177,726 shares)
Stephen Mandel of Lone Pine Capital (90,287 shares)
Philippe Laffont of Coatue Management (20,684 shares)
Whereas Nvidia and Super Micro Computer represent the backbone of the AI revolution, Microsoft is viewed as a beneficiary based on the utility of the AI solutions it's incorporating into its services. For example, Microsoft incorporated AI into its search engine (Bing) and web browser (Edge) with the assistance of OpenAI, the company behind the ultra-popular chatbot, ChatGPT. Microsoft happens to be a notable investor in OpenAI.
Additionally, Microsoft plans to lean on AI solutions within its rapidly growing cloud infrastructure service platform, Azure. Giving its enterprise clients the ability to build and train large language models, as well as run generative Ai solutions, should help Azure sustain double-digit sales growth and, at worst, maintain its position as the global No. 2 cloud infrastructure service platform.
Beyond AI, billionaire asset managers are likely impressed with Microsoft's cash flow machine. Although legacy segments like Office and Windows aren't the growth stories they once were, their impressive market share and juicy margins continue to deliver.
The exorbitant amount of cash generated from Microsoft's operations affords the company the ability to take risks. Microsoft is no stranger to making big acquisitions, and ended fiscal 2024 (June 30) with more than $75 billion in cash, cash equivalents, and short-term investments.
If the AI bubble were to burst, Microsoft would have the sales channels and cash in place to weather the storm much better than Nvidia.
Apple Remains King And Finds Support. But Nvidia Plots A Coup.
MATTHEW GALGANI12:04 PM ET 10/25/2024
https://www.investors.com/research/ibd-stock-analysis/apple-stock-tops-nvidia-microsoft-aapl-near-breakout-record-high/
While Nvidia (NVDA) has already toppled Microsoft (MSFT) in terms of market capitalization weighting on the Nasdaq, Apple (AAPL) continues to reign supreme — for now. Boosted by fresh updates to the iPhone and iPad mini, Apple stock looks to launch a new breakout despite a new analyst downgrade.
Meanwhile, Nvidia aims to usurp that crown as it teases a new buy point and all-time high of its own. And fellow Magnificent Seven stock Microsoft — which analysts say could be worth more than Nvidia in 2025 — could also pull off a market-cap coup as it sets up a potential new breakout.
Apple Stock Vs. Nvidia And Microsoft
As of Thursday's close, Apple accounted for 9.9% of the Nasdaq, with Nvidia hot on its heels at 9.7%. In third place comes Microsoft, accounting for 8.9% of the index.
But in intraday trading on Friday, Apple's lead in the market-cap race is under threat. The king of Cupertino essentially now ties Nvidia in terms of value. Both tech titans currently sport market caps of right around $3.53 trillion. Microsoft's value stands at $3.21 trillion.
The other Magnificent Seven stocks fall well short of the Big Three. Alphabet (GOOGL) at 5.6%, and Amazon.com (AMZN), with 5.5% weighting, are virtually tied for fourth place. Meta Platforms (META) has 4% weighting while Tesla (TSLA) jumped to 2.3% after posting a surprise Q3 earnings gain.
Apple Earnings In Focus: Trick Or Treat Ahead?
While Tesla just reported and Nvidia isn't due until Nov. 20, Apple joins the other Mag 7 names on deck for a slew of reports next week.
Apple, which just released the new iPad mini, reports on Halloween, the same day as Amazon.
Analysts expect Apple to deliver $94.4 billion in revenue, which would mark a 5% year-over-year gain. Earnings for the September quarter are expected to increase 9% to $1.59 per share. For the full year, Wall Street forecasts 9% earnings growth to $6.71 per share, followed by a 10% rise to $7.41 per share in 2025.
On Oct. 18, Apple got an upbeat iPhone sales report from China, the stock continues to show signs of demand. While sporting a 93 Composite Rating, Apple stock has encountered some pressure. Its Accumulation/Distribution Rating has slipped to a C+ and its up/down volume ratio has dropped below 1.0 to 0.9.
Before Apple and Amazon report on Oct. 31, Alphabet will unveil its quarterly numbers on Oct. 29, followed by Microsoft and Meta on Oct. 30.
Apple Stock Holds Support, Hopes For Breakout
While trading well above its 50-day line and bouncing off its 21-day exponential moving average, Apple continues work on an early stage consolidation pattern. The buy point is 237.23.
The relative strength line has moved mostly sideways while Apple stock formed the new base. Look for the RS line to trend higher as the potential breakout nears.
With an eye on swiping Apple's market-cap crown, Nvidia is on pace for a fifth straight up week as it teases a record high. The stock remains in buy range after clearing a 140.74 entry on Oct. 21.
Microsoft has reclaimed its 50-day benchmark as it continues to work on a new base ahead of earnings.
That's an article that came up when I was searching SDRL because of the rumor going on with SDRL and RIG.
Pharmas aren't my thing but there were a couple stocks in the I would like to check out a little more.
Not that I need anymore stocks. ;)
Every time I track an article like this it doesn't fair well for the author. They often are wrong.
Very interesting, 8 Energy, 2 Pharma.
Intel to invest more than $28 billion to build two chip factories in Ohio
Fri, October 25, 2024 at 7:38 a.m. MDT 1 min read
(Reuters) -Intel will invest more than $28 billion to construct two new chip factories in Ohio, the company said on Friday, in a latest step to build out its contract manufacturing business and better compete with Taiwan Semiconductor Manufacturing Co.
Shares of the troubled chip firm rose nearly 2% in early trading. The stock has slumped more than 55% this year.
Intel's foundry business is central to CEO Pat Gelsinger's turnaround strategy, as the once-chipmaking king attempts to claw back the technological edge that it lost to TSMC, the world's largest contract chipmaker.
The big investment comes more than a month after Intel signed a multibillion-dollar deal with Amazon to build custom AI chips for the e-commerce giant's cloud services unit. The deal was seen as a major stamp of approval to Intel's money-losing foundry business.
The Santa Clara, California-based company said on Friday the initial phase of the project is expected to create 3,000 Intel jobs.
The chipmaker has had a tumultuous year as it suspended its dividend, slashed workforce and saw sudden resignation of a high-profile board member, while the slump in its share price threatened its place in the Dow Jones index.
Intel competition fine overturned by top EU court
The European Commission fined Intel for offering rebates to computer manufacturers.
Fri, Oct 25, 2024, 8:38 AM MDT2 min read
European Union’s (EU) Court of Justice has ruled in favour of Intel, concluding a legal battle that spanned nearly two decades.
The court has overturned a €1.06bn ($1.15bn) fine initially imposed by EU regulators, who accused the US chipmaker of engaging in anticompetitive practices.
In a statement, the bloc’s top court said: “The Court of Justice dismisses the Commission’s appeal, thereby upholding the judgment of the General Court.”
According to Reuters, in 2009, the European Commission (EC) fined Intel for offering rebates to computer manufacturers such as Dell, Hewlett-Packard, and Lenovo, contingent on them purchasing most of their chips from Intel.
The EC argued that these rebates were an attempt to block Intel’s rival AMD from the market, constituting anticompetitive behaviour.
Intel challenged the 2009 decision but lost in the EU’s General Court in 2014.
However, the company succeeded on appeal in 2017 when the EU’s highest court found a legal error and ordered a case review.
Subsequently, the general court annulled part of the 2009 decision in 2022.
However, it maintained the commission's finding of market abuse through naked restrictions, which solely aim to eliminate competitors, although the judges cancelled the entire €1.06bn fine, stating they could not ascertain the portion of the penalty related to the naked restrictions.
The commission responded by reimposing a reduced fine of €376m in September 2022, based on the naked restrictions, which Intel is currently contesting in the courts.
A spokesperson for Intel, as reported by The Guardian, said: “We are pleased with the judgment delivered by the court of justice of the European Union today and to finally put this part of the case behind us.”
A commission representative said: “We take note of the judgment and we will of course carefully assess it.”
"Intel competition fine overturned by top EU court " was originally created and published by Verdict, a GlobalData owned brand.
Fins of the 10 stocks in that article
Best Depressed Stocks To Buy Heading into 2025
symbol/cpps/pe
CSAN 8.24 pe 30 (oil/gas refine)
SSL 6.00 pe 6 (oil/gas refine)
BORR 4.78 pe 16 (oil/gas drilling)
SDRL 38.64 pe 6 (oil/gas drilling)
TALO 10.47 - (oil/gas explore)
VRN 6.21 pe 3 (oil/gas explore)
CIVI 51.44 pe 6 (oil/gas explore)
PRGO 25.16 pe 11 (med/biomed)
MRNA 53.82 - (med/biomed)
NOV 16.09 pe 10 (oil/gas/machinery/equip)
10. NOV Inc. (NYSE:NOV)
52 Week Range: $15.47 – $21.53
Current Share Price: $15.68
Number of Hedge Fund Holders: 29
Analyst Upside Potential: 40.31%
NOV Inc. (NYSE:NOV) provides essential equipment and technology for the international oil and gas industry. It operates mainly in two segments namely, Energy Products and Services and Energy Equipment.
The Energy Products and Services segment specializes in providing tools necessary for drilling oil and gas, including drill bits, downhole tools, and drilling fluids. It also helps companies develop wells after they have been drilled and provides services to optimize their performance, ensuring that companies can work effectively during drilling and production operations.
Whereas, through its Energy Equipment segment NOV Inc. (NYSE:NOV) produces drilling rigs and related equipment that are used in both offshore and inland drilling.
The company reported its second quarter results on July 25th indicating a 6% year-over-year increase in its revenue. The revenue for the quarter amounted to $2.2 billion benefitting from a 6% growth in offshore sales, which overshadowed the 1% decline in North American sales. In a move to focus on its core business, management divested the Pole Products business, resulting in a net income of $226 million, or $0.57 per share for the company.
NOV Inc. (NYSE:NOV) benefits significantly from its offshore and international markets business. Offshore operations account for around 44% of the total revenue whereas international business contributes 62%. Moreover, it differentiates through its integration of emerging technologies, particularly artificial intelligence into its platform. The company has been utilizing AI in its KAIZEN app to help customers optimize drilling operations. This includes writing code for new software products that leverage AI capabilities.
Management has also started to apply AI to its operations across more than 50 manufacturing facilities to optimize capacity, improve machine utilization, and speed up production.
NOV Inc. (NYSE:NOV) is one of the best-depressed stocks to buy heading into 2025. It is currently trading close to its 52-week lows, however, analysts’ 12-month median price target is pointing towards a 40% upside from the current levels.
Ariel Appreciation Fund stated the following regarding NOV Inc. (NYSE:NOV) in its Q3 2024 investor letter:
“Alternatively, drilling and production equipment provider, NOV Inc. (NYSE:NOV) weighed on returns over the period despite the company’s solid business fundamentals. NOV delivered a top- and bottom-line earnings beat, highlighted by rising demand in offshore and international markets, strong backlog order conversion, effective cost controls and robust free cash flow generation. Although a softening oil outlook in North America drove management to modestly lower full year guidance, the company continues to return capital to shareholders through a recent 50% dividend hike and $1 billion share repurchase authorization. As NOV right-sizes its onshore business and grows a more efficient offshore business, we believe the market will recognize the long-term value and re-rate the shares.”
10 Best Depressed Stocks To Buy Heading into 2025
https://www.insidermonkey.com/blog/10-best-depressed-stocks-to-buy-heading-into-2025-1376326/
10. NOV Inc. (NYSE:NOV)
52 Week Range: $15.47 – $21.53
Current Share Price: $15.68
Number of Hedge Fund Holders: 29
Analyst Upside Potential: 40.31%
9. Moderna, Inc. (NASDAQ:MRNA)
52 Week Range: $55.70 – $170.47
Current Share Price: $57.31
Number of Hedge Fund Holders: 39
Analyst Upside Potential: 43.08%
8. Perrigo Company plc (NYSE:PRGO)
52 Week Range: $23.89 – $34.60
Current Share Price: $24.30
Number of Hedge Fund Holders: 39
Analyst Upside Potential: 56.38%
7. Civitas Resources, Inc. (NYSE:CIVI)
52 Week Range: $49.10 – $79.97
Current Share Price: $50.23
Number of Hedge Fund Holders: 52
Analyst Upside Potential: 61.26%
6. Veren Inc. (NYSE:VRN)
52 Week Range: $6.02 – $9.28
Current Share Price: $6.12
Number of Hedge Fund Holders: 26
Analyst Upside Potential: 62.06%
5. Talos Energy Inc. (NYSE:TALO)
52 Week Range: $9.58 – $16.99
Current Share Price: $9.87
Number of Hedge Fund Holders: 21
Analyst Upside Potential: 62.11%
4. Seadrill Limited (NYSE:SDRL)
52 Week Range: $36.01 – $56.46
Current Share Price: $36.54
Number of Hedge Fund Holders: 41
Analyst Upside Potential: 62.23%
3. Borr Drilling Limited (NYSE:BORR)
52 Week Range: $5.09 – $7.61
Current Share Price: $5.10
Number of Hedge Fund Holders: 11
Analyst Upside Potential: 69.74%
2. Sasol Limited (NYSE:SSL)
52 Week Range: $6.2 – $13.83
Current Share Price: $6.37
Number of Hedge Fund Holders: 11
Analyst Upside Potential: 78.03%
1. Cosan S.A. (NYSE:CSAN)
52 Week Range: $8.41 – $16.45
Current Share Price: $8.52
Number of Hedge Fund Holders: 7
Analyst Upside Potential: 97.93%
Transocean-Seadrill merger would be 'logical deal at logical time,' Citi says
https://www.msn.com/en-us/money/topstocks/transocean-seadrill-merger-would-be-logical-deal-at-logical-time-citi-says/ar-AA1sRZyf?ocid=BingNewsSerp
Seadrill (NYSE:SDRL) +9.5% in Thursday's trading following Bloomberg's report late yesterday that it is in merger talks with larger offshore driller Transocean (RIG), a deal Citi analysts think has a reasonably high probability of occurring.
Transocean (RIG) currently owns 24 active deepwater rigs and Seadrill (SDRL) has 11 active deepwater rigs, so a combination of the two companies would create the largest offshore operator.
Given that Transocean (RIG) is the only public offshore rig company to not go bankrupt in the last cycle and thus has loads of legacy debt, Citi analysts believe a merger would be a deleveraging event for Transocean and likely put the combined company on a much stronger financial footing.
Citi thinks Transocean (RIG) needs to take advantage of its premium valuation to purchase cash flow and accelerate its deleveraging, and Seadrill (SDRL) would seem a good fit given that its fleet mix of modern deepwater rigs fits with Transocean while scale is sufficiently large to reduce RIG's leverage by nearly 30% on 2025 estimates; while dayrates currently are healthy, there's concern over crude prices next year, suggesting now may be a good time for a deal, Citi says.
If the merger ultimately happens, Citi says it would expect Seadrill (SDRL) shares to be worth ~$55 while remaining accretive to Transocean (RIG) shares.
SMCI dates of interest: cpps 46.23
The Form 10-K was due on August 29, 2024
The Company filed a Form 12b-25 on August 30, 2024.
SEC letter was sent to the company on September 17, 2024
Under the Nasdaq rules, the Company has 60 days from the date of the notice either to file the Form 10-K or to submit a plan
Which brings SMCI to Nov 17th as last day to file
Seadrill stock jumps on report of talks with Transocean
By Steve Goldstein
Published: Oct. 24, 2024 at 5:02?a.m. ET
Shares of Seadrill rallied early Thursday after a report the offshore drilling company is in talks to merge with Transocean.
Bloomberg News reported the talks, citing people familiar with the matter, and said a final decision on the deal hasn’t been made.
One-hedge fund manager, Kuppy Kupperman of Praetorian Capital, said in a social-media message that such a deal would be “super bullish” for the industry and improve rates for everyone. The big winners would be Valaris VAL and Noble NE
because they would be in position to pick off other rig players and consolidate the industry to three companies, he added.
History check on SDRL's past from 2/23/2022
NTS: 2 BK's
https://finance.yahoo.com/news/more-then-restructuring-seadrill-clears-122810364.html
After More Then A Year Of Restructuring Seadrill Clears Chapter 11
February 23, 2022 3 min read
Offshore driller Seadrill Limited has emerged from Chapter 11 bankruptcy following more than a year of restructuring.
Seadrill filed for Chapter 11 in February 2021, its second bankruptcy filing in four years. Seadrill later made a plan of reorganization with its lenders in July 2021, received court approval for the plan two months later, and received confirmation of the plan by the U.S. Bankruptcy Court for the Southern District of Texas in late October 2021.
The most recent development occurred earlier this week when Seadrill 2021 Limited announced it would be emerging from Chapter 11 this month – ‘likely before the end of the present week’. The company delivered on its promise as it emerged from bankruptcy protection just a day after that statement as it completed reorganization under its plan.
According to Seadrill, the restructuring significantly delevered the company's balance sheet by equitizing approximately $4.9 billion of secured bank debt previously held across twelve silos, resulting in a streamlined capital structure with a single collateral silo.
The offshore driller also raised $350 million in new financing under the plan. Holders of existing shares in the company's predecessor Seadrill Limited were reduced to 0.25 percent of their existing holdings, while the company's employee, customer, and ordinary trade claims were unaffected by the restructuring.
Seadrill’s streamlined capital structure and the substantial liquidity raised according to the plan provide the company with a secure footing to pursue opportunities in the offshore drilling industry and grow value for its stakeholders.
“Our emergence from Chapter 11 concludes the realignment of our balance sheet. I am grateful to all our employees, customers, partners, suppliers, creditors, and shareholders for their support through this long process,” Stuart Jackson, CEO of Seadrill, said.
"Our restructured balance sheet provides us greater liquidity and lower debt leverage. With this firm financial footing established and market recovery well underway, Seadrill will focus on disciplined capital investment, cost containment, and contract risk management to maintain its position as a leader in the reshaping of the industry," Jackson added.
Following the exit from Chapter 11, the company has total cash of $486 million, inclusive of $151 million of restricted cash. The driller also has $300 million of first-lien new-money debt, comprised of a $175 million term loan facility and an undrawn $125 million revolving credit facility. Furthermore, the Bermuda-based firm has $683 million of second-lien takeback debt, $50 million of unsecured convertible bonds, and common shares issued of $50 million as described further below.
Subject to certain approvals, the company also wants to have the New Common Shares listed on the Euronext Expand market in Oslo with a subsequent uplisting to the main market of the Oslo Stock Exchange and the NYSE. Trading in the New Common Shares on Euronext Expand will begin in the second quarter of 2022.
Seadrill also chose a new board of directors of the company and the appointments are now effective. The board consists of Julie Johnson Robertson as the chair of the Board, Mark McCollum, Karen Dyrskjot Boesen, Jean Cahuzac, Jan B Kjærvik, Andrew Schultz, and Paul Smith.
“I am pleased to have been selected to chair the new board of directors who collectively bring commercial, operational, and financial expertise to guide Seadrill as it takes its place in reshaping the offshore drilling sector,” Julie Robertson, Chair of the Board, said.
“The road to emergence from Chapter 11 has been a long one and I would like to take this opportunity to thank the outgoing board members for their diligent guidance through this process and to thank the management team and the employees for maintaining safety leadership and operational excellence through challenging times,” she added.
Seadrill Announces Third Quarter 2024 Earnings Release and Conference Call
16:10:00 PM ET, 10/18/2024 - Business Wire
HAMILTON, Bermuda--(BUSINESS WIRE)--Oct. 18, 2024--Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) will report its third quarter 2024 results on Tuesday, November 12 after the NYSE closes for trading. The Company will host a conference call to discuss its results on Wednesday, November 13 at 08:00 CT / 15:00 CET. Interested participants may join the call by dialing +1 (800) 715-9871 (Conference ID: 5348977) at least 15 minutes prior to the scheduled start time. The Company will webcast the call live on the Investor Relations section of its website, where a replay will be available afterwards.
Transocean in merger talks with rival Seadrill, Bloomberg News reports
17:33:28 PM ET, 10/23/2024 - Reuters
Oct 23 (Reuters) - Offshore drilling provider Transocean is in talks to merge with rival Seadrill Ltd, Bloomberg News reported on Wednesday, citing people familiar with the matter.
The companies are discussing the potential structure of the combination, it said.
However, a final decision has not been made and the companies could choose to remain independent, Bloomberg reported.
Seadrill and Transocean did not immediately respond to Reuters requests for comment.
U.S.-listed shares of Switzerland-based Transocean rose 4.1% after the bell while Seadrill gained 10.3%. Seadrill had a market capitalization of about $2.42 billion as of Wednesday, while Transocean was valued at $3.60 billion.
Earlier this year, offshore rig contractor Noble agreed to buy Diamond Offshore Drilling in a $1.59 billion deal, amid rising interest among energy producers to boost their international and offshore drilling inventories.
Earnings 10-24-24
BP 10-29 B
CROX 10-29 B
PYPL 10-29 B
CMG 10-29 A
AMD 10-29 A
GOOGL 10-29 A
ROKU 10-30 A
SBUX 10-30 A
TWLO 10-30 A
ETSY 10-30 A
MSFT 10-30 A
RIG 10-30 A
META 10-30 A
RBLX 10-31 B
MA 10-31 A
INTC 10-31 A
AAPL 10-31 A
AMZN 10-31 A
PLTR 11-4 A
IRM 11-6 A
QCOM 11-6 A
IRBT 11-6 A
RIVN 11-7 A
RNG 11-7 A
UPST 11-7 A
SQ 11-7 A
TTD 11-7 A
HD 11-12 B
DIS 11-14 B
WMT 11-19 B
NVDA 11-20 A
TGT 11-20 B
DELL 11-26 A
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Keurig Dr Pepper (KDP) reported earnings of $0.51 per share on revenue of $3.89 billion for the third quarter ended September 2024. The consensus earnings estimate was $0.51 per share on revenue of $3.93 billion. The Earnings Whisper number was $0.52 per share. The company missed expectations by 1.92% while revenue grew 2.26% on a year-over-year basis.The company said it continues to expect 2024 earnings of approximately $1.92 per share. The current consensus earnings estimate is $1.92 per share for the year ending December 31, 2024.
Lam Research (LRCX) reported earnings of $0.86 per share on revenue of $4.17 billion for the fiscal first quarter ended September 2024. The consensus earnings estimate was $0.80 per share on revenue of $4.05 billion. The Earnings Whisper number was $0.83 per share. The company beat expectations by 3.61% while revenue grew 19.70% on a year-over-year basis.The company said it expects second quarter earnings of $0.77 to $0.97 per share on revenue of $4.00 billion to $4.60 billion. The current consensus earnings estimate is $0.84 per share on revenue of $4.22 billion for the quarter ending December 31, 2024.
Newmont Mining (NEM) reported earnings of $0.81 per share on revenue of $4.61 billion for the third quarter ended September 2024. The consensus earnings estimate was $0.83 per share on revenue of $4.07 billion. The Earnings Whisper number was $0.82 per share. The company missed expectations by 1.22% while revenue grew 84.72% on a year-over-year basis.
IBM (IBM) reported earnings of $2.30 per share on revenue of $14.97 billion for the third quarter ended September 2024. The consensus earnings estimate was $2.27 per share on revenue of $15.15 billion. The Earnings Whisper number was $2.34 per share. The company missed expectations by 1.71% while revenue grew 1.46% on a year-over-year basis.
Mattel (MAT) reported earnings of $1.14 per share on revenue of $1.84 billion for the third quarter ended September 2024. The consensus earnings estimate was $0.94 per share on revenue of $1.84 billion. The Earnings Whisper number was $0.96 per share. The company beat expectations by 18.75% while revenue fell 3.90% compared to the same quarter a year ago.The company said it continues to expect 2024 earnings of $1.35 to $1.45 per share but now expects revenue of $5.441 billion to slightly down. The company's previous guidance was revenue of approximately $5.441 billion and the current consensus earnings estimate is $1.44 per share on revenue of $5.38 billion for the year ending December 31, 2024.
Tesla (TSLA) reported earnings of $0.72 per share on revenue of $25.18 billion for the third quarter ended September 2024. The consensus earnings estimate was $0.58 per share on revenue of $25.55 billion. The Earnings Whisper number was $0.65 per share. The company beat expectations by 10.77% while revenue grew 7.85% on a year-over-year basis.
Teradyne (TER) reported earnings of $0.86 per share on revenue of $729.88 million for the second quarter ended June 2024. The consensus earnings estimate was $0.76 per share on revenue of $703.04 million. The Earnings Whisper number was $0.84 per share. The company beat expectations by 2.38% while revenue grew 6.64% on a year-over-year basis.The company said it expects third quarter earnings of $0.66 to $0.86 per share on revenue of $680.0 million to $740.0 million. The current consensus earnings estimate is $0.87 per share on revenue of $711.30 million for the quarter ending September 30, 2024.
AT&T (T) reported earnings of $0.60 per share on revenue of $30.21 billion for the third quarter ended September 2024. The consensus earnings estimate was $0.59 per share on revenue of $30.56 billion. The Earnings Whisper number was $0.60 per share. The company reported in-line with expectations while revenue fell 0.45% compared to the same quarter a year ago.The company said it continues to expect 2024 earnings of $2.15 to $2.25 per share. The current consensus earnings estimate is $2.22 per share for the year ending December 31, 2024.
Boeing (BA) reported a loss of $10.44 per share on revenue of $17.84 billion for the third quarter ended September 2024. The consensus estimate was a loss of $10.34 per share on revenue of $19.25 billion. The company missed consensus estimates by 0.97% while revenue fell 1.46% compared to the same quarter a year ago.
Roper Technologies (ROP) reported earnings of $4.62 per share on revenue of $1.76 billion for the third quarter ended September 2024. The consensus earnings estimate was $4.53 per share on revenue of $1.72 billion. The Earnings Whisper number was $4.57 per share. The company beat expectations by 1.09% while revenue grew 12.87% on a year-over-year basis.The company said it expects fourth quarter earnings of $4.70 to $4.74 per share. The current consensus earnings estimate is $4.74 per share for the quarter ending December 31, 2024.
SAP SE (SAP) reported earnings of $1.35 per share on revenue of $9.31 billion for the third quarter ended September 2024. The consensus earnings estimate was $1.31 per share on revenue of $9.26 billion. The Earnings Whisper number was $1.35 per share. The company reported in-line with expectations while revenue grew 10.45% on a year-over-year basis.The company said it now expects 2024 Cloud & Software Revenue of $31.9 billion to $32.2 billion. The company's previous guidance was Cloud & Software Revenue of $31.7 billion to $32.3 billion and the consensus estimate is for total revenue of $37.3 billion for the year ending December 31, 2024.
RTX (RTX) reported earnings of $1.45 per share on revenue of $20.09 billion for the third quarter ended September 2024. The consensus earnings estimate was $1.33 per share on revenue of $19.91 billion. The Earnings Whisper number was $1.40 per share. The company beat expectations by 3.57% while revenue grew 49.21% on a year-over-year basis.The company said it expects 2024 earnings of $5.50 to $5.58 per share on revenue of $79.25 billion to $79.75 billion. The company's previous guidance was earnings of $5.35 to $5.45 per share on revenue of $78.75 billion to $79.50 billion and the current consensus earnings estimate is $5.45 per share on revenue of $79.46 billion for the year ending December 31, 2024.
3M (MMM) reported earnings of $1.98 per share on revenue of $6.29 billion for the third quarter ended September 2024. The consensus earnings estimate was $1.93 per share on revenue of $6.10 billion. The Earnings Whisper number was $2.02 per share. The company missed expectations by 1.98% while revenue fell 24.28% compared to the same quarter a year ago.The company said it expects 2024 earnings of $7.20 to $7.30 per share. The company's previous guidance was earnings of $7.00 to $7.30 per share and the current consensus earnings estimate is $7.24 per share for the year ending December 31, 2024
Taiwan Semiconductor Manufacturing Company Limited (TSM) reported earnings of $1.94 per share on revenue of $23.50 billion for the third quarter ended September 2024. The consensus earnings estimate was $1.74 per share on revenue of $22.72 billion. The Earnings Whisper number was $1.87 per share. The company beat expectations by 3.74% while revenue grew 36.03% on a year-over-year basis.
The company said it expects fourth quarter revenue of $26.10 billion to $26.90 billion. The current consensus revenue estimate is $24.21 billion for the quarter ending December 31, 2024.
Netflix (NFLX) reported earnings of $5.40 per share on revenue of $9.82 billion for the third quarter ended September 2024. The consensus earnings estimate was $5.09 per share on revenue of $9.76 billion. The Earnings Whisper number was $5.17 per share. The company beat expectations by 4.45% while revenue grew 15.02% on a year-over-year basis.
The company said it expects fourth-quarter earnings of approximately $4.23 per share on revenue of approximately $10.13 billion. The current consensus earnings estimate is $3.86 per share on revenue of $9.98 billion for the quarter ending December 31, 2024.
Nike (NKE) reported earnings of $0.70 per share on revenue of $11.59 billion for the fiscal first quarter ended August 2024. The consensus earnings estimate was $0.52 per share on revenue of $11.64 billion. The Earnings Whisper number was $0.56 per share. The company beat expectations by 25.00% while revenue fell 10.43% compared to the same quarter a year ago.The company said during its conference call it expects second-quarter revenue of $12.05 billion to $12.32 billion. The current consensus revenue estimate is $12.48 billion for the quarter ending November 30, 2024. The company also said it is withdrawing its previous guidance for fiscal 2025 revenue of approximately $48.28 billion. The current consensus estimate is revenue of $48.65 billion for the year ending May 31, 2025.
Micron Technology (MU) reported earnings of $1.17 per share on revenue of $7.75 billion for the fiscal fourth quarter ended August 2024. The consensus earnings estimate was $1.15 per share on revenue of $7.65 billion. The Earnings Whisper number was $1.21 per share. The company missed expectations by 3.31% while revenue grew 93.27% on a year-over-year basis.The company said it expects first quarter non-GAAP earnings of $1.66 to $1.82 per share on revenue of $8.50 billion to $8.90 billion. The current consensus earnings estimate is $1.67 per share on revenue of $8.33 billion for the quarter ending November 30, 2024.
BlackBerry Limited (BB) reported a loss of $0.01 per share on revenue of $145.00 million for the fiscal second quarter ended August 2024. The consensus estimate was a loss of $0.04 per share on revenue of $608.00 million. The Earnings Whisper number was a loss of $0.02 per share. The company beat expectations by 50.00% while revenue grew 9.85% on a year-over-year basis.The company said it expects third quarter non-GAAP results to range from a loss of $0.01 per share to earnings of $0.01 per share on revenue of $146.0 million to $154.0 million. The current consensus estimate is a loss of $0.01 per share on revenue of $150.0million for the quarter ending November 30, 2024. The company also said it now expects a fiscal 2025 non-GAAP loss of $0.05 to $0.02 per share on revenue of $591.0 million to $616.0 million. The company's previous guidance was a loss of $0.07 to $0.03 per share on revenue of $586.0 million to $616.0 million and the current consensus estimate is a loss of $0.05 per share on revenue of $598.0 million for the year ending February 28, 2025.
FedEx (FDX) reported earnings of $3.60 per share on revenue of $21.58 billion for the fiscal first quarter ended August 2024. The consensus earnings estimate was $4.82 per share on revenue of $22.12 billion. The Earnings Whisper number was $4.91 per share. The company missed expectations by 26.68% while revenue fell 0.47% compared to the same quarter a year ago.The company said it expects fiscal 2025 earnings of $20.00 to $21.00 per share on revenue of approximately $89.9 billion. The company's previous guidance was earnings of $20.00 to $22.00 per share on revenue of approximately $88.6 billion to $94.7 billion, and the current consensus earnings estimate is $20.73 per share on revenue of $90.02 billion for the year ending May 31, 2025.
Adobe (ADBE) reported earnings of $4.71 per share on revenue of $5.41 billion for the fiscal third quarter ended August 2024. The consensus earnings estimate was $4.53 per share on revenue of $5.37 billion. The Earnings Whisper number was $4.58 per share. The company beat expectations by 2.84% while revenue grew 10.59% on a year-over-year basis.The company said it expects fourth quarter non-GAAP earnings of $4.63 to $4.68 per share on revenue of $5.50 billion to $5.55 billion. The current consensus earnings estimate is $4.62 per share on revenue of $5.60 billion for the quarter ending November 30, 2024
Oracle (ORCL) reported earnings of $1.46 per share on revenue of $13.31 billion for the fiscal first quarter ended August 2024. The consensus earnings estimate was $1.33 per share on revenue of $13.22 billion. The Earnings Whisper number was $1.35 per share. The company beat expectations by 8.15% while revenue grew 6.86% on a year-over-year basis.The company said during its conference call it expects second-quarter non-GAAP earnings of $1.45 to $1.49 per share on revenue of $13.98 billion to $14.23 billion. The current consensus earnings estimate is $1.47 per share on revenue of $14.07 billion for the quarter ending November 30, 2024.
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Analysts overhaul Tesla stock price target after earnings blowout
Martin Baccardax
Thu, Oct 24, 2024, 5:08 AM MDT5 min read
https://finance.yahoo.com/news/analysts-overhaul-tesla-stock-price-110817113.html
Tesla shares surged higher in early Thursday trading, testing the highest levels since its 'We Robot' event earlier this month, after the carmaker's surprising third quarter earnings report.
Tesla (TSLA) , which has notably lagged its Magnificent 7 peers so far this year and slumped nearly 10% following its disappointing October 10 robotaxi event in Los Angeles, turned the investors tide last night with its strongest quarter profit of the year last night.
The group said earnings for the three months ending in September rose to 72 cents per share, well ahead of Street forecasts, while profit margins leaped by nearly two percentage points as the cost of producing its signature EVs fell to a record low and global pricing stabilized.
Group revenues, Tesla said, rose 7.8% from last year to $25.18 billion, falling just shy of analysts' forecasts of a $25.37 billion tally.
Gross automotive margins were 19.8%, a modest increase from last year that stopped Street forecasts of around 17%, suggesting that price cuts are largely under control following a long global EV price war and intensifying competition in China.
Tesla also said its expects a "slight growth in vehicle deliveries" this year, following last year's record 1.8 million tally, with CEO Elon Musk adding on the investor call that he sees the potential for a 20% to 30 growth rate in 2025 "not withstanding negative external events ... like some big war breaks out or interest rates go sky high or something like that."
"We can't overcome massive force majeure events. But I think with our lower-cost vehicles with the advent of autonomy, something like a 20% to 30% growth next year is my best guess," he added.
Elon Musk told investors last night that he thinks Tesla could be "the most valuable company in the world and probably by a long shot."
Anna Moneymaker/Getty Images
TSLA
Jefferies Adjusts Price Target on Tesla to $195 From $165
JPMorgan Adjusts Price Target on Tesla to $135 From $130
KGI Securities Upgrades Tesla to Outperform, Price Target is $276
Guggenheim Adjusts Price Target on Tesla to $156 From $153, Maintains Sell Rating
Cantor Fitzgerald Adjusts Price Target on Tesla to $255 From $245, Maintains Neutral Rating
Truist Adjusts Price Target on Tesla to $238 From $236, Maintains Hold Rating
Goldman Sachs Adjusts Price Target on Tesla to $250 From $230, Maintains Neutral Rating
Wells Fargo Adjusts Price Target on Tesla to $125 From $120, Maintains Underweight Rating
Fubon Securities Adjusts Price Target on Tesla to $330 From $282, Maintains Buy Rating
Canaccord Genuity Adjusts Price Target on Tesla to $278 From $254, Maintains Buy Rating
RBC Adjusts Price Target on Tesla to $249 From $236, Maintains Outperform Rating
Earnings 10-23-24
KDP 10-24 B
BP 10-29 B
CROX 10-29 B
PYPL 10-29 B
CMG 10-29 A
AMD 10-29 A
GOOGL 10-29 A
ROKU 10-30 A
SBUX 10-30 A
TWLO 10-30 A
ETSY 10-30 A
MSFT 10-30 A
RIG 10-30 A
META 10-30 A
RBLX 10-31 B
MA 10-31 A
INTC 10-31 A
AAPL 10-31 A
AMZN 10-31 A
PLTR 11-4 A
IRM 11-6 A
QCOM 11-6 A
IRBT 11-6 A
RIVN 11-7 A
RNG 11-7 A
UPST 11-7 A
SQ 11-7 A
TTD 11-7 A
HD 11-12 B
DIS 11-14 B
WMT 11-19 B
NVDA 11-20 A
TGT 11-20 B
DELL 11-26 A
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Lam Research (LRCX) reported earnings of $0.86 per share on revenue of $4.17 billion for the fiscal first quarter ended September 2024. The consensus earnings estimate was $0.80 per share on revenue of $4.05 billion. The Earnings Whisper number was $0.83 per share. The company beat expectations by 3.61% while revenue grew 19.70% on a year-over-year basis.The company said it expects second quarter earnings of $0.77 to $0.97 per share on revenue of $4.00 billion to $4.60 billion. The current consensus earnings estimate is $0.84 per share on revenue of $4.22 billion for the quarter ending December 31, 2024.
Newmont Mining (NEM) reported earnings of $0.81 per share on revenue of $4.61 billion for the third quarter ended September 2024. The consensus earnings estimate was $0.83 per share on revenue of $4.07 billion. The Earnings Whisper number was $0.82 per share. The company missed expectations by 1.22% while revenue grew 84.72% on a year-over-year basis.
IBM (IBM) reported earnings of $2.30 per share on revenue of $14.97 billion for the third quarter ended September 2024. The consensus earnings estimate was $2.27 per share on revenue of $15.15 billion. The Earnings Whisper number was $2.34 per share. The company missed expectations by 1.71% while revenue grew 1.46% on a year-over-year basis.
Mattel (MAT) reported earnings of $1.14 per share on revenue of $1.84 billion for the third quarter ended September 2024. The consensus earnings estimate was $0.94 per share on revenue of $1.84 billion. The Earnings Whisper number was $0.96 per share. The company beat expectations by 18.75% while revenue fell 3.90% compared to the same quarter a year ago.The company said it continues to expect 2024 earnings of $1.35 to $1.45 per share but now expects revenue of $5.441 billion to slightly down. The company's previous guidance was revenue of approximately $5.441 billion and the current consensus earnings estimate is $1.44 per share on revenue of $5.38 billion for the year ending December 31, 2024.
Tesla (TSLA) reported earnings of $0.72 per share on revenue of $25.18 billion for the third quarter ended September 2024. The consensus earnings estimate was $0.58 per share on revenue of $25.55 billion. The Earnings Whisper number was $0.65 per share. The company beat expectations by 10.77% while revenue grew 7.85% on a year-over-year basis.
Teradyne (TER) reported earnings of $0.86 per share on revenue of $729.88 million for the second quarter ended June 2024. The consensus earnings estimate was $0.76 per share on revenue of $703.04 million. The Earnings Whisper number was $0.84 per share. The company beat expectations by 2.38% while revenue grew 6.64% on a year-over-year basis.The company said it expects third quarter earnings of $0.66 to $0.86 per share on revenue of $680.0 million to $740.0 million. The current consensus earnings estimate is $0.87 per share on revenue of $711.30 million for the quarter ending September 30, 2024.
AT&T (T) reported earnings of $0.60 per share on revenue of $30.21 billion for the third quarter ended September 2024. The consensus earnings estimate was $0.59 per share on revenue of $30.56 billion. The Earnings Whisper number was $0.60 per share. The company reported in-line with expectations while revenue fell 0.45% compared to the same quarter a year ago.The company said it continues to expect 2024 earnings of $2.15 to $2.25 per share. The current consensus earnings estimate is $2.22 per share for the year ending December 31, 2024.
Boeing (BA) reported a loss of $10.44 per share on revenue of $17.84 billion for the third quarter ended September 2024. The consensus estimate was a loss of $10.34 per share on revenue of $19.25 billion. The company missed consensus estimates by 0.97% while revenue fell 1.46% compared to the same quarter a year ago.
Roper Technologies (ROP) reported earnings of $4.62 per share on revenue of $1.76 billion for the third quarter ended September 2024. The consensus earnings estimate was $4.53 per share on revenue of $1.72 billion. The Earnings Whisper number was $4.57 per share. The company beat expectations by 1.09% while revenue grew 12.87% on a year-over-year basis.The company said it expects fourth quarter earnings of $4.70 to $4.74 per share. The current consensus earnings estimate is $4.74 per share for the quarter ending December 31, 2024.
SAP SE (SAP) reported earnings of $1.35 per share on revenue of $9.31 billion for the third quarter ended September 2024. The consensus earnings estimate was $1.31 per share on revenue of $9.26 billion. The Earnings Whisper number was $1.35 per share. The company reported in-line with expectations while revenue grew 10.45% on a year-over-year basis.The company said it now expects 2024 Cloud & Software Revenue of $31.9 billion to $32.2 billion. The company's previous guidance was Cloud & Software Revenue of $31.7 billion to $32.3 billion and the consensus estimate is for total revenue of $37.3 billion for the year ending December 31, 2024.
RTX (RTX) reported earnings of $1.45 per share on revenue of $20.09 billion for the third quarter ended September 2024. The consensus earnings estimate was $1.33 per share on revenue of $19.91 billion. The Earnings Whisper number was $1.40 per share. The company beat expectations by 3.57% while revenue grew 49.21% on a year-over-year basis.The company said it expects 2024 earnings of $5.50 to $5.58 per share on revenue of $79.25 billion to $79.75 billion. The company's previous guidance was earnings of $5.35 to $5.45 per share on revenue of $78.75 billion to $79.50 billion and the current consensus earnings estimate is $5.45 per share on revenue of $79.46 billion for the year ending December 31, 2024.
3M (MMM) reported earnings of $1.98 per share on revenue of $6.29 billion for the third quarter ended September 2024. The consensus earnings estimate was $1.93 per share on revenue of $6.10 billion. The Earnings Whisper number was $2.02 per share. The company missed expectations by 1.98% while revenue fell 24.28% compared to the same quarter a year ago.The company said it expects 2024 earnings of $7.20 to $7.30 per share. The company's previous guidance was earnings of $7.00 to $7.30 per share and the current consensus earnings estimate is $7.24 per share for the year ending December 31, 2024
Taiwan Semiconductor Manufacturing Company Limited (TSM) reported earnings of $1.94 per share on revenue of $23.50 billion for the third quarter ended September 2024. The consensus earnings estimate was $1.74 per share on revenue of $22.72 billion. The Earnings Whisper number was $1.87 per share. The company beat expectations by 3.74% while revenue grew 36.03% on a year-over-year basis.
The company said it expects fourth quarter revenue of $26.10 billion to $26.90 billion. The current consensus revenue estimate is $24.21 billion for the quarter ending December 31, 2024.
Netflix (NFLX) reported earnings of $5.40 per share on revenue of $9.82 billion for the third quarter ended September 2024. The consensus earnings estimate was $5.09 per share on revenue of $9.76 billion. The Earnings Whisper number was $5.17 per share. The company beat expectations by 4.45% while revenue grew 15.02% on a year-over-year basis.
The company said it expects fourth-quarter earnings of approximately $4.23 per share on revenue of approximately $10.13 billion. The current consensus earnings estimate is $3.86 per share on revenue of $9.98 billion for the quarter ending December 31, 2024.
Nike (NKE) reported earnings of $0.70 per share on revenue of $11.59 billion for the fiscal first quarter ended August 2024. The consensus earnings estimate was $0.52 per share on revenue of $11.64 billion. The Earnings Whisper number was $0.56 per share. The company beat expectations by 25.00% while revenue fell 10.43% compared to the same quarter a year ago.The company said during its conference call it expects second-quarter revenue of $12.05 billion to $12.32 billion. The current consensus revenue estimate is $12.48 billion for the quarter ending November 30, 2024. The company also said it is withdrawing its previous guidance for fiscal 2025 revenue of approximately $48.28 billion. The current consensus estimate is revenue of $48.65 billion for the year ending May 31, 2025.
Micron Technology (MU) reported earnings of $1.17 per share on revenue of $7.75 billion for the fiscal fourth quarter ended August 2024. The consensus earnings estimate was $1.15 per share on revenue of $7.65 billion. The Earnings Whisper number was $1.21 per share. The company missed expectations by 3.31% while revenue grew 93.27% on a year-over-year basis.The company said it expects first quarter non-GAAP earnings of $1.66 to $1.82 per share on revenue of $8.50 billion to $8.90 billion. The current consensus earnings estimate is $1.67 per share on revenue of $8.33 billion for the quarter ending November 30, 2024.
BlackBerry Limited (BB) reported a loss of $0.01 per share on revenue of $145.00 million for the fiscal second quarter ended August 2024. The consensus estimate was a loss of $0.04 per share on revenue of $608.00 million. The Earnings Whisper number was a loss of $0.02 per share. The company beat expectations by 50.00% while revenue grew 9.85% on a year-over-year basis.The company said it expects third quarter non-GAAP results to range from a loss of $0.01 per share to earnings of $0.01 per share on revenue of $146.0 million to $154.0 million. The current consensus estimate is a loss of $0.01 per share on revenue of $150.0million for the quarter ending November 30, 2024. The company also said it now expects a fiscal 2025 non-GAAP loss of $0.05 to $0.02 per share on revenue of $591.0 million to $616.0 million. The company's previous guidance was a loss of $0.07 to $0.03 per share on revenue of $586.0 million to $616.0 million and the current consensus estimate is a loss of $0.05 per share on revenue of $598.0 million for the year ending February 28, 2025.
FedEx (FDX) reported earnings of $3.60 per share on revenue of $21.58 billion for the fiscal first quarter ended August 2024. The consensus earnings estimate was $4.82 per share on revenue of $22.12 billion. The Earnings Whisper number was $4.91 per share. The company missed expectations by 26.68% while revenue fell 0.47% compared to the same quarter a year ago.The company said it expects fiscal 2025 earnings of $20.00 to $21.00 per share on revenue of approximately $89.9 billion. The company's previous guidance was earnings of $20.00 to $22.00 per share on revenue of approximately $88.6 billion to $94.7 billion, and the current consensus earnings estimate is $20.73 per share on revenue of $90.02 billion for the year ending May 31, 2025.
Adobe (ADBE) reported earnings of $4.71 per share on revenue of $5.41 billion for the fiscal third quarter ended August 2024. The consensus earnings estimate was $4.53 per share on revenue of $5.37 billion. The Earnings Whisper number was $4.58 per share. The company beat expectations by 2.84% while revenue grew 10.59% on a year-over-year basis.The company said it expects fourth quarter non-GAAP earnings of $4.63 to $4.68 per share on revenue of $5.50 billion to $5.55 billion. The current consensus earnings estimate is $4.62 per share on revenue of $5.60 billion for the quarter ending November 30, 2024
Oracle (ORCL) reported earnings of $1.46 per share on revenue of $13.31 billion for the fiscal first quarter ended August 2024. The consensus earnings estimate was $1.33 per share on revenue of $13.22 billion. The Earnings Whisper number was $1.35 per share. The company beat expectations by 8.15% while revenue grew 6.86% on a year-over-year basis.The company said during its conference call it expects second-quarter non-GAAP earnings of $1.45 to $1.49 per share on revenue of $13.98 billion to $14.23 billion. The current consensus earnings estimate is $1.47 per share on revenue of $14.07 billion for the quarter ending November 30, 2024.
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Earnings 10-23-24
LRCX 10-23 A
NEM 10-23 A
IBM 10-23 A
META 10-23 A
MAT 10- 23 A
TSLA 10-23 A
TER 10-23 A
KDP 10-24 B
BP 10-29 B
CROX 10-29 B
PYPL 10-29 B
CMG 10-29 A
AMD 10-29 A
GOOGL 10-29 A
ROKU 10-30 A
SBUX 10-30 A
TWLO 10-30 A
ETSY 10-30 A
MSFT 10-30 A
RIG 10-30 A
RBLX 10-31 B
MA 10-31 A
INTC 10-31 A
AAPL 10-31 A
AMZN 10-31 A
PLTR 11-4 A
IRM 11-6 A
QCOM 11-6 A
IRBT 11-6 A
RIVN 11-7 A
RNG 11-7 A
UPST 11-7 A
SQ 11-7 A
TTD 11-7 A
HD 11-12 B
DIS 11-14 B
WMT 11-19 B
NVDA 11-20 A
TGT 11-20 B
DELL 11-26 A
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AT&T (T) reported earnings of $0.60 per share on revenue of $30.21 billion for the third quarter ended September 2024. The consensus earnings estimate was $0.59 per share on revenue of $30.56 billion. The Earnings Whisper number was $0.60 per share. The company reported in-line with expectations while revenue fell 0.45% compared to the same quarter a year ago.The company said it continues to expect 2024 earnings of $2.15 to $2.25 per share. The current consensus earnings estimate is $2.22 per share for the year ending December 31, 2024.
Boeing (BA) reported a loss of $10.44 per share on revenue of $17.84 billion for the third quarter ended September 2024. The consensus estimate was a loss of $10.34 per share on revenue of $19.25 billion. The company missed consensus estimates by 0.97% while revenue fell 1.46% compared to the same quarter a year ago.
Roper Technologies (ROP) reported earnings of $4.62 per share on revenue of $1.76 billion for the third quarter ended September 2024. The consensus earnings estimate was $4.53 per share on revenue of $1.72 billion. The Earnings Whisper number was $4.57 per share. The company beat expectations by 1.09% while revenue grew 12.87% on a year-over-year basis.The company said it expects fourth quarter earnings of $4.70 to $4.74 per share. The current consensus earnings estimate is $4.74 per share for the quarter ending December 31, 2024.
SAP SE (SAP) reported earnings of $1.35 per share on revenue of $9.31 billion for the third quarter ended September 2024. The consensus earnings estimate was $1.31 per share on revenue of $9.26 billion. The Earnings Whisper number was $1.35 per share. The company reported in-line with expectations while revenue grew 10.45% on a year-over-year basis.The company said it now expects 2024 Cloud & Software Revenue of $31.9 billion to $32.2 billion. The company's previous guidance was Cloud & Software Revenue of $31.7 billion to $32.3 billion and the consensus estimate is for total revenue of $37.3 billion for the year ending December 31, 2024.
RTX (RTX) reported earnings of $1.45 per share on revenue of $20.09 billion for the third quarter ended September 2024. The consensus earnings estimate was $1.33 per share on revenue of $19.91 billion. The Earnings Whisper number was $1.40 per share. The company beat expectations by 3.57% while revenue grew 49.21% on a year-over-year basis.The company said it expects 2024 earnings of $5.50 to $5.58 per share on revenue of $79.25 billion to $79.75 billion. The company's previous guidance was earnings of $5.35 to $5.45 per share on revenue of $78.75 billion to $79.50 billion and the current consensus earnings estimate is $5.45 per share on revenue of $79.46 billion for the year ending December 31, 2024.
3M (MMM) reported earnings of $1.98 per share on revenue of $6.29 billion for the third quarter ended September 2024. The consensus earnings estimate was $1.93 per share on revenue of $6.10 billion. The Earnings Whisper number was $2.02 per share. The company missed expectations by 1.98% while revenue fell 24.28% compared to the same quarter a year ago.The company said it expects 2024 earnings of $7.20 to $7.30 per share. The company's previous guidance was earnings of $7.00 to $7.30 per share and the current consensus earnings estimate is $7.24 per share for the year ending December 31, 2024
Taiwan Semiconductor Manufacturing Company Limited (TSM) reported earnings of $1.94 per share on revenue of $23.50 billion for the third quarter ended September 2024. The consensus earnings estimate was $1.74 per share on revenue of $22.72 billion. The Earnings Whisper number was $1.87 per share. The company beat expectations by 3.74% while revenue grew 36.03% on a year-over-year basis.
The company said it expects fourth quarter revenue of $26.10 billion to $26.90 billion. The current consensus revenue estimate is $24.21 billion for the quarter ending December 31, 2024.
Netflix (NFLX) reported earnings of $5.40 per share on revenue of $9.82 billion for the third quarter ended September 2024. The consensus earnings estimate was $5.09 per share on revenue of $9.76 billion. The Earnings Whisper number was $5.17 per share. The company beat expectations by 4.45% while revenue grew 15.02% on a year-over-year basis.
The company said it expects fourth-quarter earnings of approximately $4.23 per share on revenue of approximately $10.13 billion. The current consensus earnings estimate is $3.86 per share on revenue of $9.98 billion for the quarter ending December 31, 2024.
Nike (NKE) reported earnings of $0.70 per share on revenue of $11.59 billion for the fiscal first quarter ended August 2024. The consensus earnings estimate was $0.52 per share on revenue of $11.64 billion. The Earnings Whisper number was $0.56 per share. The company beat expectations by 25.00% while revenue fell 10.43% compared to the same quarter a year ago.The company said during its conference call it expects second-quarter revenue of $12.05 billion to $12.32 billion. The current consensus revenue estimate is $12.48 billion for the quarter ending November 30, 2024. The company also said it is withdrawing its previous guidance for fiscal 2025 revenue of approximately $48.28 billion. The current consensus estimate is revenue of $48.65 billion for the year ending May 31, 2025.
Micron Technology (MU) reported earnings of $1.17 per share on revenue of $7.75 billion for the fiscal fourth quarter ended August 2024. The consensus earnings estimate was $1.15 per share on revenue of $7.65 billion. The Earnings Whisper number was $1.21 per share. The company missed expectations by 3.31% while revenue grew 93.27% on a year-over-year basis.The company said it expects first quarter non-GAAP earnings of $1.66 to $1.82 per share on revenue of $8.50 billion to $8.90 billion. The current consensus earnings estimate is $1.67 per share on revenue of $8.33 billion for the quarter ending November 30, 2024.
BlackBerry Limited (BB) reported a loss of $0.01 per share on revenue of $145.00 million for the fiscal second quarter ended August 2024. The consensus estimate was a loss of $0.04 per share on revenue of $608.00 million. The Earnings Whisper number was a loss of $0.02 per share. The company beat expectations by 50.00% while revenue grew 9.85% on a year-over-year basis.The company said it expects third quarter non-GAAP results to range from a loss of $0.01 per share to earnings of $0.01 per share on revenue of $146.0 million to $154.0 million. The current consensus estimate is a loss of $0.01 per share on revenue of $150.0million for the quarter ending November 30, 2024. The company also said it now expects a fiscal 2025 non-GAAP loss of $0.05 to $0.02 per share on revenue of $591.0 million to $616.0 million. The company's previous guidance was a loss of $0.07 to $0.03 per share on revenue of $586.0 million to $616.0 million and the current consensus estimate is a loss of $0.05 per share on revenue of $598.0 million for the year ending February 28, 2025.
FedEx (FDX) reported earnings of $3.60 per share on revenue of $21.58 billion for the fiscal first quarter ended August 2024. The consensus earnings estimate was $4.82 per share on revenue of $22.12 billion. The Earnings Whisper number was $4.91 per share. The company missed expectations by 26.68% while revenue fell 0.47% compared to the same quarter a year ago.The company said it expects fiscal 2025 earnings of $20.00 to $21.00 per share on revenue of approximately $89.9 billion. The company's previous guidance was earnings of $20.00 to $22.00 per share on revenue of approximately $88.6 billion to $94.7 billion, and the current consensus earnings estimate is $20.73 per share on revenue of $90.02 billion for the year ending May 31, 2025.
Adobe (ADBE) reported earnings of $4.71 per share on revenue of $5.41 billion for the fiscal third quarter ended August 2024. The consensus earnings estimate was $4.53 per share on revenue of $5.37 billion. The Earnings Whisper number was $4.58 per share. The company beat expectations by 2.84% while revenue grew 10.59% on a year-over-year basis.The company said it expects fourth quarter non-GAAP earnings of $4.63 to $4.68 per share on revenue of $5.50 billion to $5.55 billion. The current consensus earnings estimate is $4.62 per share on revenue of $5.60 billion for the quarter ending November 30, 2024
Oracle (ORCL) reported earnings of $1.46 per share on revenue of $13.31 billion for the fiscal first quarter ended August 2024. The consensus earnings estimate was $1.33 per share on revenue of $13.22 billion. The Earnings Whisper number was $1.35 per share. The company beat expectations by 8.15% while revenue grew 6.86% on a year-over-year basis.The company said during its conference call it expects second-quarter non-GAAP earnings of $1.45 to $1.49 per share on revenue of $13.98 billion to $14.23 billion. The current consensus earnings estimate is $1.47 per share on revenue of $14.07 billion for the quarter ending November 30, 2024.
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Earnings 10-22-24
T 10-23 B
BA 10-23 B
ROP 10-23 B
LRCX 10-23 A
NEM 10-23 A
IBM 10-23 A
META 10-23 A
MAT 10- 23 A
TSLA 10-23 A
TER 10-23 A
KDP 10-24 B
BP 10-29 B
CROX 10-29 B
PYPL 10-29 B
CMG 10-29 A
AMD 10-29 A
GOOGL 10-29 A
ROKU 10-30 A
SBUX 10-30 A
TWLO 10-30 A
ETSY 10-30 A
MSFT 10-30 A
RBLX 10-31 B
MA 10-31 A
INTC 10-31 A
AAPL 10-31 A
AMZN 10-31 A
PLTR 11-4 A
IRM 11-6 A
QCOM 11-6 A
RIVN 11-7 A
RNG 11-7 A
UPST 11-7 A
SQ 11-7 A
TTD 11-7 A
HD 11-12 B
DIS 11-14 B
WMT 11-19 B
NVDA 11-20 A
TGT 11-20 B
DELL 11-26 A
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SAP SE (SAP) reported earnings of $1.35 per share on revenue of $9.31 billion for the third quarter ended September 2024. The consensus earnings estimate was $1.31 per share on revenue of $9.26 billion. The Earnings Whisper number was $1.35 per share. The company reported in-line with expectations while revenue grew 10.45% on a year-over-year basis.The company said it now expects 2024 Cloud & Software Revenue of $31.9 billion to $32.2 billion. The company's previous guidance was Cloud & Software Revenue of $31.7 billion to $32.3 billion and the consensus estimate is for total revenue of $37.3 billion for the year ending December 31, 2024.
RTX (RTX) reported earnings of $1.45 per share on revenue of $20.09 billion for the third quarter ended September 2024. The consensus earnings estimate was $1.33 per share on revenue of $19.91 billion. The Earnings Whisper number was $1.40 per share. The company beat expectations by 3.57% while revenue grew 49.21% on a year-over-year basis.The company said it expects 2024 earnings of $5.50 to $5.58 per share on revenue of $79.25 billion to $79.75 billion. The company's previous guidance was earnings of $5.35 to $5.45 per share on revenue of $78.75 billion to $79.50 billion and the current consensus earnings estimate is $5.45 per share on revenue of $79.46 billion for the year ending December 31, 2024.
3M (MMM) reported earnings of $1.98 per share on revenue of $6.29 billion for the third quarter ended September 2024. The consensus earnings estimate was $1.93 per share on revenue of $6.10 billion. The Earnings Whisper number was $2.02 per share. The company missed expectations by 1.98% while revenue fell 24.28% compared to the same quarter a year ago.The company said it expects 2024 earnings of $7.20 to $7.30 per share. The company's previous guidance was earnings of $7.00 to $7.30 per share and the current consensus earnings estimate is $7.24 per share for the year ending December 31, 2024
Taiwan Semiconductor Manufacturing Company Limited (TSM) reported earnings of $1.94 per share on revenue of $23.50 billion for the third quarter ended September 2024. The consensus earnings estimate was $1.74 per share on revenue of $22.72 billion. The Earnings Whisper number was $1.87 per share. The company beat expectations by 3.74% while revenue grew 36.03% on a year-over-year basis.
The company said it expects fourth quarter revenue of $26.10 billion to $26.90 billion. The current consensus revenue estimate is $24.21 billion for the quarter ending December 31, 2024.
Netflix (NFLX) reported earnings of $5.40 per share on revenue of $9.82 billion for the third quarter ended September 2024. The consensus earnings estimate was $5.09 per share on revenue of $9.76 billion. The Earnings Whisper number was $5.17 per share. The company beat expectations by 4.45% while revenue grew 15.02% on a year-over-year basis.
The company said it expects fourth-quarter earnings of approximately $4.23 per share on revenue of approximately $10.13 billion. The current consensus earnings estimate is $3.86 per share on revenue of $9.98 billion for the quarter ending December 31, 2024.
Nike (NKE) reported earnings of $0.70 per share on revenue of $11.59 billion for the fiscal first quarter ended August 2024. The consensus earnings estimate was $0.52 per share on revenue of $11.64 billion. The Earnings Whisper number was $0.56 per share. The company beat expectations by 25.00% while revenue fell 10.43% compared to the same quarter a year ago.The company said during its conference call it expects second-quarter revenue of $12.05 billion to $12.32 billion. The current consensus revenue estimate is $12.48 billion for the quarter ending November 30, 2024. The company also said it is withdrawing its previous guidance for fiscal 2025 revenue of approximately $48.28 billion. The current consensus estimate is revenue of $48.65 billion for the year ending May 31, 2025.
Micron Technology (MU) reported earnings of $1.17 per share on revenue of $7.75 billion for the fiscal fourth quarter ended August 2024. The consensus earnings estimate was $1.15 per share on revenue of $7.65 billion. The Earnings Whisper number was $1.21 per share. The company missed expectations by 3.31% while revenue grew 93.27% on a year-over-year basis.The company said it expects first quarter non-GAAP earnings of $1.66 to $1.82 per share on revenue of $8.50 billion to $8.90 billion. The current consensus earnings estimate is $1.67 per share on revenue of $8.33 billion for the quarter ending November 30, 2024.
BlackBerry Limited (BB) reported a loss of $0.01 per share on revenue of $145.00 million for the fiscal second quarter ended August 2024. The consensus estimate was a loss of $0.04 per share on revenue of $608.00 million. The Earnings Whisper number was a loss of $0.02 per share. The company beat expectations by 50.00% while revenue grew 9.85% on a year-over-year basis.The company said it expects third quarter non-GAAP results to range from a loss of $0.01 per share to earnings of $0.01 per share on revenue of $146.0 million to $154.0 million. The current consensus estimate is a loss of $0.01 per share on revenue of $150.0million for the quarter ending November 30, 2024. The company also said it now expects a fiscal 2025 non-GAAP loss of $0.05 to $0.02 per share on revenue of $591.0 million to $616.0 million. The company's previous guidance was a loss of $0.07 to $0.03 per share on revenue of $586.0 million to $616.0 million and the current consensus estimate is a loss of $0.05 per share on revenue of $598.0 million for the year ending February 28, 2025.
FedEx (FDX) reported earnings of $3.60 per share on revenue of $21.58 billion for the fiscal first quarter ended August 2024. The consensus earnings estimate was $4.82 per share on revenue of $22.12 billion. The Earnings Whisper number was $4.91 per share. The company missed expectations by 26.68% while revenue fell 0.47% compared to the same quarter a year ago.The company said it expects fiscal 2025 earnings of $20.00 to $21.00 per share on revenue of approximately $89.9 billion. The company's previous guidance was earnings of $20.00 to $22.00 per share on revenue of approximately $88.6 billion to $94.7 billion, and the current consensus earnings estimate is $20.73 per share on revenue of $90.02 billion for the year ending May 31, 2025.
Adobe (ADBE) reported earnings of $4.71 per share on revenue of $5.41 billion for the fiscal third quarter ended August 2024. The consensus earnings estimate was $4.53 per share on revenue of $5.37 billion. The Earnings Whisper number was $4.58 per share. The company beat expectations by 2.84% while revenue grew 10.59% on a year-over-year basis.The company said it expects fourth quarter non-GAAP earnings of $4.63 to $4.68 per share on revenue of $5.50 billion to $5.55 billion. The current consensus earnings estimate is $4.62 per share on revenue of $5.60 billion for the quarter ending November 30, 2024
Oracle (ORCL) reported earnings of $1.46 per share on revenue of $13.31 billion for the fiscal first quarter ended August 2024. The consensus earnings estimate was $1.33 per share on revenue of $13.22 billion. The Earnings Whisper number was $1.35 per share. The company beat expectations by 8.15% while revenue grew 6.86% on a year-over-year basis.The company said during its conference call it expects second-quarter non-GAAP earnings of $1.45 to $1.49 per share on revenue of $13.98 billion to $14.23 billion. The current consensus earnings estimate is $1.47 per share on revenue of $14.07 billion for the quarter ending November 30, 2024.
ABNB
AI
CRM
CRWD
FIZZ
GME
IRBT 11-6 A
LULU
MESA
MU
PATH
PD
PLUG
RIG
RKT
SHOP
SMCI
SNOW
TOST
ULTA
ZM
BSX 10/23
BMY 10/31
Earnings 10-21-24
SAP 10-21 A
RTX10-22 B
MMM 10-22 B
T 10-23 B
BA 10-23 B
ROP 10-23 B
LRCX 10-23 A
NEM 10-23 A
IBM 10-23 A
META 10-23 A
MAT 10- 23 A
TSLA 10-23 A
TER 10-23 A
KDP 10-24 B
BP 10-29 B
CROX 10-29 B
PYPL 10-29 B
CMG 10-29 A
AMD 10-29 A
GOOGL 10-29 A
ROKU 10-30 A
SBUX 10-30 A
TWLO 10-30 A
ETSY 10-30 A
MSFT 10-30 A
RBLX 10-31 B
MA 10-31 A
INTC 10-31 A
AAPL 10-31 A
AMZN 10-31 A
PLTR 11-4 A
IRM 11-6 A
QCOM 11-6 A
RIVN 11-7 A
RNG 11-7 A
UPST 11-7 A
SQ 11-7 A
TTD 11-7 A
HD 11-12 B
DIS 11-14 B
WMT 11-19 B
NVDA 11-20 A
TGT 11-20 B
DELL 11-26 A
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Taiwan Semiconductor Manufacturing Company Limited (TSM) reported earnings of $1.94 per share on revenue of $23.50 billion for the third quarter ended September 2024. The consensus earnings estimate was $1.74 per share on revenue of $22.72 billion. The Earnings Whisper number was $1.87 per share. The company beat expectations by 3.74% while revenue grew 36.03% on a year-over-year basis.
The company said it expects fourth quarter revenue of $26.10 billion to $26.90 billion. The current consensus revenue estimate is $24.21 billion for the quarter ending December 31, 2024.
Netflix (NFLX) reported earnings of $5.40 per share on revenue of $9.82 billion for the third quarter ended September 2024. The consensus earnings estimate was $5.09 per share on revenue of $9.76 billion. The Earnings Whisper number was $5.17 per share. The company beat expectations by 4.45% while revenue grew 15.02% on a year-over-year basis.
The company said it expects fourth-quarter earnings of approximately $4.23 per share on revenue of approximately $10.13 billion. The current consensus earnings estimate is $3.86 per share on revenue of $9.98 billion for the quarter ending December 31, 2024.
Nike (NKE) reported earnings of $0.70 per share on revenue of $11.59 billion for the fiscal first quarter ended August 2024. The consensus earnings estimate was $0.52 per share on revenue of $11.64 billion. The Earnings Whisper number was $0.56 per share. The company beat expectations by 25.00% while revenue fell 10.43% compared to the same quarter a year ago.The company said during its conference call it expects second-quarter revenue of $12.05 billion to $12.32 billion. The current consensus revenue estimate is $12.48 billion for the quarter ending November 30, 2024. The company also said it is withdrawing its previous guidance for fiscal 2025 revenue of approximately $48.28 billion. The current consensus estimate is revenue of $48.65 billion for the year ending May 31, 2025.
Micron Technology (MU) reported earnings of $1.17 per share on revenue of $7.75 billion for the fiscal fourth quarter ended August 2024. The consensus earnings estimate was $1.15 per share on revenue of $7.65 billion. The Earnings Whisper number was $1.21 per share. The company missed expectations by 3.31% while revenue grew 93.27% on a year-over-year basis.The company said it expects first quarter non-GAAP earnings of $1.66 to $1.82 per share on revenue of $8.50 billion to $8.90 billion. The current consensus earnings estimate is $1.67 per share on revenue of $8.33 billion for the quarter ending November 30, 2024.
BlackBerry Limited (BB) reported a loss of $0.01 per share on revenue of $145.00 million for the fiscal second quarter ended August 2024. The consensus estimate was a loss of $0.04 per share on revenue of $608.00 million. The Earnings Whisper number was a loss of $0.02 per share. The company beat expectations by 50.00% while revenue grew 9.85% on a year-over-year basis.The company said it expects third quarter non-GAAP results to range from a loss of $0.01 per share to earnings of $0.01 per share on revenue of $146.0 million to $154.0 million. The current consensus estimate is a loss of $0.01 per share on revenue of $150.0million for the quarter ending November 30, 2024. The company also said it now expects a fiscal 2025 non-GAAP loss of $0.05 to $0.02 per share on revenue of $591.0 million to $616.0 million. The company's previous guidance was a loss of $0.07 to $0.03 per share on revenue of $586.0 million to $616.0 million and the current consensus estimate is a loss of $0.05 per share on revenue of $598.0 million for the year ending February 28, 2025.
FedEx (FDX) reported earnings of $3.60 per share on revenue of $21.58 billion for the fiscal first quarter ended August 2024. The consensus earnings estimate was $4.82 per share on revenue of $22.12 billion. The Earnings Whisper number was $4.91 per share. The company missed expectations by 26.68% while revenue fell 0.47% compared to the same quarter a year ago.The company said it expects fiscal 2025 earnings of $20.00 to $21.00 per share on revenue of approximately $89.9 billion. The company's previous guidance was earnings of $20.00 to $22.00 per share on revenue of approximately $88.6 billion to $94.7 billion, and the current consensus earnings estimate is $20.73 per share on revenue of $90.02 billion for the year ending May 31, 2025.
Adobe (ADBE) reported earnings of $4.71 per share on revenue of $5.41 billion for the fiscal third quarter ended August 2024. The consensus earnings estimate was $4.53 per share on revenue of $5.37 billion. The Earnings Whisper number was $4.58 per share. The company beat expectations by 2.84% while revenue grew 10.59% on a year-over-year basis.The company said it expects fourth quarter non-GAAP earnings of $4.63 to $4.68 per share on revenue of $5.50 billion to $5.55 billion. The current consensus earnings estimate is $4.62 per share on revenue of $5.60 billion for the quarter ending November 30, 2024
Oracle (ORCL) reported earnings of $1.46 per share on revenue of $13.31 billion for the fiscal first quarter ended August 2024. The consensus earnings estimate was $1.33 per share on revenue of $13.22 billion. The Earnings Whisper number was $1.35 per share. The company beat expectations by 8.15% while revenue grew 6.86% on a year-over-year basis.The company said during its conference call it expects second-quarter non-GAAP earnings of $1.45 to $1.49 per share on revenue of $13.98 billion to $14.23 billion. The current consensus earnings estimate is $1.47 per share on revenue of $14.07 billion for the quarter ending November 30, 2024.
ABNB
AI
CRM
CRWD
FIZZ
GME
IRBT
LULU
MESA
PATH
PD
PLUG
RIG
RKT
SHOP
SMCI
TOST
ULTA
ZM
RNG cpps 32.71
Stage 1 consolidation 104 days depth 30% Pivot 38.35
10/9 largest volume since base at 3.6m shares (Track for 1✔️, 2, and 3)
10-Day Average Volume 1,657,208
p/e 10
cash flow 5.71
eps growth rate 39%
forward p/e 8
457 to 423 funds (4'QS) (negative)
Went from .55 eps and 509m sales in sep 2022
to .91 and 592m sales (positive) in June 2024
(8 q's)
Year end eps:
2017 .47
2018 .77
2019 .82
2020 .98
2021 1.34
2022 1.99
2023 3.23
2024 est 3.66
2025 est 4.16
Not a split adjusted chart. Actual drop
RNG
449.00 H on 2/16/21
50% drop = 224.50
25.32 L on 5/4/23 (-94.36% off of High)
Earnings 10-14-24
TSM 10-17 B
NFLX 10-17 A
SAP 10-21 A
RTX10-22 B
MMM 10-22 B
T 10-23 B
BA 10-23 B
ROP 10-23 B
LRCX 10-23 A
NEM 10-23 A
IBM 10-23 A
META 10-23 A
MAT 10- 23 A
TSLA 10-23 A
TER 10-23 A
KDP 10-24 B
CMG 10-29 A
MSFT 10-30 A
INTC 10-31 A
RBLX 10-31 B
AAPL 10-31 A
DIS 11-14 B
UPST 11-7 A
WMT 11-19 B
TGT 11-20 B
_______________________________________________________
Nike (NKE) reported earnings of $0.70 per share on revenue of $11.59 billion for the fiscal first quarter ended August 2024. The consensus earnings estimate was $0.52 per share on revenue of $11.64 billion. The Earnings Whisper number was $0.56 per share. The company beat expectations by 25.00% while revenue fell 10.43% compared to the same quarter a year ago.The company said during its conference call it expects second-quarter revenue of $12.05 billion to $12.32 billion. The current consensus revenue estimate is $12.48 billion for the quarter ending November 30, 2024. The company also said it is withdrawing its previous guidance for fiscal 2025 revenue of approximately $48.28 billion. The current consensus estimate is revenue of $48.65 billion for the year ending May 31, 2025.
Micron Technology (MU) reported earnings of $1.17 per share on revenue of $7.75 billion for the fiscal fourth quarter ended August 2024. The consensus earnings estimate was $1.15 per share on revenue of $7.65 billion. The Earnings Whisper number was $1.21 per share. The company missed expectations by 3.31% while revenue grew 93.27% on a year-over-year basis.The company said it expects first quarter non-GAAP earnings of $1.66 to $1.82 per share on revenue of $8.50 billion to $8.90 billion. The current consensus earnings estimate is $1.67 per share on revenue of $8.33 billion for the quarter ending November 30, 2024.
BlackBerry Limited (BB) reported a loss of $0.01 per share on revenue of $145.00 million for the fiscal second quarter ended August 2024. The consensus estimate was a loss of $0.04 per share on revenue of $608.00 million. The Earnings Whisper number was a loss of $0.02 per share. The company beat expectations by 50.00% while revenue grew 9.85% on a year-over-year basis.The company said it expects third quarter non-GAAP results to range from a loss of $0.01 per share to earnings of $0.01 per share on revenue of $146.0 million to $154.0 million. The current consensus estimate is a loss of $0.01 per share on revenue of $150.0million for the quarter ending November 30, 2024. The company also said it now expects a fiscal 2025 non-GAAP loss of $0.05 to $0.02 per share on revenue of $591.0 million to $616.0 million. The company's previous guidance was a loss of $0.07 to $0.03 per share on revenue of $586.0 million to $616.0 million and the current consensus estimate is a loss of $0.05 per share on revenue of $598.0 million for the year ending February 28, 2025.
FedEx (FDX) reported earnings of $3.60 per share on revenue of $21.58 billion for the fiscal first quarter ended August 2024. The consensus earnings estimate was $4.82 per share on revenue of $22.12 billion. The Earnings Whisper number was $4.91 per share. The company missed expectations by 26.68% while revenue fell 0.47% compared to the same quarter a year ago.The company said it expects fiscal 2025 earnings of $20.00 to $21.00 per share on revenue of approximately $89.9 billion. The company's previous guidance was earnings of $20.00 to $22.00 per share on revenue of approximately $88.6 billion to $94.7 billion, and the current consensus earnings estimate is $20.73 per share on revenue of $90.02 billion for the year ending May 31, 2025.
Adobe (ADBE) reported earnings of $4.71 per share on revenue of $5.41 billion for the fiscal third quarter ended August 2024. The consensus earnings estimate was $4.53 per share on revenue of $5.37 billion. The Earnings Whisper number was $4.58 per share. The company beat expectations by 2.84% while revenue grew 10.59% on a year-over-year basis.The company said it expects fourth quarter non-GAAP earnings of $4.63 to $4.68 per share on revenue of $5.50 billion to $5.55 billion. The current consensus earnings estimate is $4.62 per share on revenue of $5.60 billion for the quarter ending November 30, 2024
Oracle (ORCL) reported earnings of $1.46 per share on revenue of $13.31 billion for the fiscal first quarter ended August 2024. The consensus earnings estimate was $1.33 per share on revenue of $13.22 billion. The Earnings Whisper number was $1.35 per share. The company beat expectations by 8.15% while revenue grew 6.86% on a year-over-year basis.The company said during its conference call it expects second-quarter non-GAAP earnings of $1.45 to $1.49 per share on revenue of $13.98 billion to $14.23 billion. The current consensus earnings estimate is $1.47 per share on revenue of $14.07 billion for the quarter ending November 30, 2024.
ABNB
AI
AMZN
AMD
BP
CRM
CROX
CRWD
DELL
ETSY
FIZZ
GME
GOOGL
HD
IRBT
IRM
LULU
MA
MESA
NVDA
PATH
PERI
PD
PLTR
PLUG
PYPL
QCOM
RIG
RIVN
RKT
RNG
ROKU
SBUX
SHOP
SMCI
SQ
TTD
TOST
TWLO
ULTA
ZM
RNG Cpps 32.57
45rg/RBnP,wCPs as needed
CP: 1500 500 500 500 / 1500 250 500 500 500
NB: 500 250 250 250 / 500 250 250 250 250
TP: 2500 1000 1000 1000 / 2500 1000 1000 1000 1000
TSLA cpps pre 220.10 (close 10/10 238.77) - 18.67 currently
Finline:215
200d 202
(175-247 CP)
__________________________________________________________________
Tesla Stock Poised To Pullback To 1-Month Low: What's Going On?
https://www.benzinga.com/markets/equities/24/10/41289653/tesla-stock-poised-to-pullback-to-1-month-low-whats-going-on
Tesla, Inc. TSLA shares pulled back sharply in premarket trading on Friday as the much-hyped Robotaxi unveil event, which went by the name “We, Robot” did not generate the kind of positive sentiment the market was hoping.
CEO Elon Musk demoed the Cybercab, Tesla’s completely autonomous vehicle, at the event held in Los Angeles. The company made available 20 units of the electric vehicle. One of the EVs drove itself to the stage with Musk seated within. The Cybercab with its butterfly wings that opened upwards left all event participants awestruck and it was shown to be cost-competitive to existing ride-hailing services.
The Cybercab will be priced under $30,000, Musk said.
The billionaire’s comments that the Cybercab will go into production only in 2026, or possibly in 2027 spooked investors.
Tesla said its unsupervised full self-driving would be released in Texas and California in 2025, and be expanded based on state regulatory parameters.
The company also provided updates to its Optimus humanoid robots, stating that it will be priced at $25K-$30K in the long term. Deepwater Asset Management’s Gene Munster said the robot could hit the price point only by 2030. The surprise launch of the event was the Robovan, which Munster sees materializing by 2028 at best.
With regulatory clearance for the unsupervised FSD still uncertain and most other product offerings not fructifying before 2027, investors may fret over the absence of any near-term catalysts that can drive the stock out of the current rut.
THIS BOARD IS FOR TRACKING STOCKS I FOLLOW, OWN, OR TRADE ONLY
Charts are repeated often, and changes are followed and tracked for MY own purpose.
What I post here is for me and truly meaningless to others. Think of it as one big sticky note for me to stay organized.
The Price listed on ANY post, is the PRICE PER SHARE AT THE TIME OF PAGE CREATION. Which can go back a long time.
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BP PLC (Nyse: BP) pe8
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SQ 84r/ GOOGL 157r/UPST 92r /RIVN 35r
SHOP 51r/PYPL 25r/AAPL 141r
RNG 45r/HA234r/AMC 779r
Core AMZN 1350 GOOGL 2550
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