Today, Stockchase Insights and Jeff Mills on Fast Money commented about whether SHOP-N, GS-N, EOG-N, CSCO-Q, TSLA-Q, RBLX-N, CS-T, CTS-T are stocks to buy or sell.
EPS of -48c was worse than -45c expected; sales were $899M, 2.7% better than expected.
EBITDA of $183M was 88% better than expected.
Roblox's inflection in bookings growth, driven by an expanding user base and increased engagement, bodes well for its sales, with the company lapping tough Covid-19 year over year comparisons.
User gains continue to be aided by content advantage, which seems to be driven by enlargement beyond its core 9-13 year old user group as well as geographic expansion outside the US.
The company may see positive revisions for its Ebitda and free cash flow amid an acceleration in the top line through 2023, though higher developer fees aimed at boosting content could be an offsetting factor.
Bookings growth advanced to 22-24%, while hours engaged and daily active users both rose 19% in January, helping drive the number of unique payers on its platform.
These were surprisingly decent results, with investors focused more on EBITDA and bookings than the earnings miss.
The 8% short interest is likely covering some today, and we are seeing a fairly big shift in sentiment towards last year's losers right now.
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The Market Is Not The Economy. People are often surprised to hear that the economy and the markets are two different things. In many cases, the companies that are publicly traded are far different from the average company out there and from companies that employ the majority of workers (i.e. small businesses). Also, the indices we look at (S&P 500 or Dow Jones for example in the US) are not necessarily reflective of the underlying economy. The Down Jones actually only contains 30 companies and is 40% technology companies. This could probably not be a further representation of the real economy.
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There's no reason why this stock can't go higher, but worries about it in another risk-off environment, which he thinks will happen in coming months. It's traded in $200-300 for a while with $225 as the next level. But there are a ton of cross-currents it faces--lowering prices, decent demand in US, but potential issues in China (suppose Chin's economy contracts). Shares are still in a downtrend, but will revisit it when that trend changes. He's been wrong about Elon Musk before. $
Remains a stock that performs in a weak economy, which he expects for late this year. Since 1990, has outperformed in recessions. Subscription revenues now stand at 43% of overall and growing faster than overall. It's resilient. Valuation is fair and pays a decent dividend.
$13 today but also in 1997, so shares have gone up and down. That's 25 years of nowhere at at time when carmakers see the best decade in a while. Maybe they got complacent, being an old company. That said, they can capture EV market share from Tesla, so this is probably Ford's last weak quarter in a while.
It will take CEO Farley a while to turn this around. Cost issues are nothing new. They cut jobs in Europe and will streamline production there to operate more like the U.S. or South American operations. Ford has been trading at a discount to GM because of this. Ford, though, has outperformed GM a lot because their EV story is very exciting.
Revenue was $362M, ahead of estimates ($351M); EPS was 6c, vs 3.9c expected.
EBITDA of $80.5M missed estimates of $98.6M.
Copper output rose to 45,500 tonnes, with new production from Chile boosting numbers.
Costs were $2.50/lb. 2023 guidance is for 170,000 to 190,000 tonnes at costs of $2.50 to $2.70.
Results look good but not overly noteworthy one way or the other.
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