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RU05

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On the bottom of my board, looks like CMG came up a little short on rev's, though EPS beat slightly.

Down 3.8% in early trading.

Though as I was reminded yesterday sometimes pre market can be deceiving as I had AGYS up nicely in early market(and late market on Monday eve) before tanking when the market officially opened.

So we shall see how the day plays out.
 
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T2Kplus20

T2Kplus20

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RU-05 said:
On the bottom of my board, looks like CMG came up a little short on rev's, though EPS beat slightly.

Down 3.8% in early trading.

Though as I was reminded yesterday sometimes pre market can be deceiving as I had AGYS up nicely in early market(and late market on Monday eve) before tanking when the market officially opened.

So we shall see how the day plays out.
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Been hoping for a CMG dip for a while. Need to look at the report and watch the CNBC interviews with the new CEO. I think it's still a buy.
 
R

RU05

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SMCI down 30%. I think the big news is E&Y resigned as their accounting firm (Edit* Auditor). Which in addition to that whole fraud thing from a couple months ago, has dumped the stock even further.

Looks like they are reporting this afternoon?
 
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T2Kplus20

T2Kplus20

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RU-05 said:
SMCI down 30%. I think the big news is E&Y resigned as their accounting firm. Which in addition to that whole fraud thing from a couple months ago, has dumped the stock even further.

Looks like they are reporting this afternoon?
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Buy the dip? :)
Probably better to see this report first.

Still eyeing BA and NKE for "picking up the trash" plays. Those 2 companies are going nowhere.
 
R

RU05

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T2Kplus20 said:
Buy the dip? :)
Probably better to see this report first.

Still eyeing BA and NKE for "picking up the trash" plays. Those 2 companies are going nowhere.
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EY resigning makes me think shorting the stock is the better call.
 
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RU05

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T2Kplus20 said:
Missed that one, but now up 30% on SNAP. SOFI looking better today.
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Rev's were jumping from 2019 to 2022. Then went flat yoy into 2023. Now looking at solid double digit/low teens growth.
Currently fairly cheap on that metric at around 4x.

already FCF positive, EPS still cloudy.
 
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Chris95

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T2Kplus20 said:
Big buy if this is mostly a supply issue (quick glance this looks to be the case). Gotta go to the office today, so I will have to research it tonight.
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Looks like Lilly was hit with the cheaper off-market GLP-1 med competition. Once they can make enough, the competition has to stop selling. Novo in the same boat with Ozempic/Wegovy. Could be a buy at this price point. P/E still high, but lowest since August. Thoughts?
 
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RU05

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T2Kplus20 said:
SOFI looking better today.
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Making up for most of their losses from yesterday, getting them back near their 52 week highs.

I'm also seeing VLY and the former NYCB, now known as FLG, up. I think rates are down, so that is probably involved in SOFI being up, but I think most of yesterdays downward move was profit taking.

Just looking at Sofi's headline earnings, EPS now above water for 4 straight qtr's, FCF below water for the qtr(interested as to the "why?" here), but Rev's with a big bump yoy. 25ish%.

So kind of pricey at a big up 2x price to book, but with that growth it's probably justified.
 
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rurahrah000

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T2Kplus20 said:
Buy the dip? :)
Probably better to see this report first.

Still eyeing BA and NKE for "picking up the trash" plays. Those 2 companies are going nowhere.
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You have been a vocal critic of short selling. I think you need to recognize the importance of short selling. It was the Hindenburg report that triggered all these events. Short selling although may seem malicious has a very important role to play in market balance.
 
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T2Kplus20

T2Kplus20

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rurahrah000 said:
You have been a vocal critic of short selling. I think you need to recognize the importance of short selling. It was the Hindenburg report that triggered all these events. Short selling although may seem malicious has a very important role to play in market balance.
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I would be more supported of such reports if the organizations didn't have incentive to publicly trash a stock for financial gain. Absolutely no different than pump and dump schemes. Hindenburg has a long history of mixed results (to be polite). However, they may be right in this case. Let's see the earnings report.
 
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rurahrah000

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T2Kplus20 said:
I would be more supported of such reports if the organizations didn't have incentive to publicly trash a stock for financial gain. Absolutely no different than pump and dump schemes. Hindenburg has a long history of mixed results (to be polite). However, they may be right in this case. Let's see the earnings report.
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No one does anything in Wall Street unless there is an opportunity to make money. That is capitalism. If I do research and investigate a company for wrongdoing and I find something, why shouldn’t I be given the chance to make money off it? I don’t work for the government!!!
 
T2Kplus20

T2Kplus20

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rurahrah000 said:
No one does anything in Wall Street unless there is an opportunity to make money. That is capitalism. If I do research and investigate a company for wrongdoing and I find something, why shouldn’t I be given the chance to make money off it? I don’t work for the government!!!
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With all the doom and gloom on SMCI.....buy Nov 8 calls that the earnings report beats expectations? :)
 
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RU05

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Amzn getting into the self driving taxi game through their subsidiary Zoox. San Fran and Las Vegas to start.
 
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T2Kplus20

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T2Kplus20

T2Kplus20

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Double beats for both MSFT and META. Microsoft's cloud business is booming! MSFT guidance during the call.
 
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Postman_1

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T2Kplus20 said:
Double beats for both MSFT and META. Microsoft's cloud business is booming! MSFT guidance during the call.
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MSFT down over 3.5% gotta buy that dip IMO.

SMCI down big also? One of there auditors quit. Was something shady going on?
 
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RU05

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Postman_1 said:
MSFT down over 3.5% gotta buy that dip IMO.

SMCI down big also? One of there auditors quit. Was something shady going on?
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Sounds like it. There was a short report a month or so ago.

And the auditor bailing is affirmation of that report. Terrible sign.
 
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rutgersdave

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T2Kplus20 said:
Gotta take advantage of stupid people! MSFT will probably finish tomorrow up.
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I sold most of my MSFT and META, only the IRA, non taxable accounts, before earnings but then just brought some this morning. 70-80% of the time stocks go down after earnings. Will buy back both as they go down further.
 
T2Kplus20

T2Kplus20

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rutgersdave said:
I sold most of my MSFT and META, only the IRA, non taxable accounts, before earnings but then just brought some this morning. 70-80% of the time stocks go down after earnings. Will buy back both as they go down further.
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One or both may finish up today.
 
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RU05

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rutgersdave said:
I sold most of my MSFT and META, only the IRA, non taxable accounts, before earnings but then just brought some this morning. 70-80% of the time stocks go down after earnings. Will buy back both as they go down further.
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100% not true.
 
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T2Kplus20

T2Kplus20

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RU-05 said:
100% not true.
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Tom Lee covered this in a recent video. So far 75% of companies are beating (earnings) and about 75% of these stocks move higher the next day. Something like that. However, this varies from quarter to quarter.
 
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RU05

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rutgersdave said:
What’s the % then?
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T2Kplus20 said:
Tom Lee covered this in a recent video. So far 75% of companies are beating (earnings) and about 75% of these stocks move higher the next day. Something like that. However, this varies from quarter to quarter.
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I can't find a market wide %.

But Market Chameleon will give you a stock by stock post earnings performance for the last 12 qtrs.

UBER(which is down a bunch this morning on earnings) was higher in 8 of the last 12.

NVDA higher 8 of 12.

AAPLE higher 8 of 12.

AMZN higher 6-12.

MSFT 6-12.

META 6-12.

TSLA higher 7-12.

GOOGLE higher 7-12.
 
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T2Kplus20

T2Kplus20

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RU-05 said:
I can't find a market wide %.

But Market Chameleon will give you a stock by stock post earnings performance for the last 12 qtrs.

UBER(which is down a bunch this morning on earnings) was higher in 8 of the last 12.

NVDA higher 8 of 12.

AAPLE higher 8 of 12.

AMZN higher 6-12.

MSFT 6-12.

META 6-12.

TSLA higher 7-12.

GOOGLE higher 7-12.
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Outstanding quarter for UBER this morning! 20% growth and trucking forward. Great leadership at that company.
 
R

RU05

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T2Kplus20 said:
Outstanding quarter for UBER this morning! 20% growth and trucking forward. Great leadership at that company.
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Down a bunch, but still at a decent level.

A slight miss on bookings seems to be what the market is focused on?
 
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