Since the COVID-19 low in March 2020 at $155, Broadcom has seen an incredible surge, similar to Nvidia's performance. The stock has skyrocketed by an astounding 840% since that low. This massive run-up makes the analysis challenging, but we've identified the Wave (1) and Wave (2) structures of this upward movement. The internal wave structure is not clear, making...
With Adobe's earnings report due tomorrow, we have analyzed the weekly chart to get a clearer picture. We started our count in November 2018, identifying the sub-waves 1 and 2 leading up to the primary Wave (1). This Wave (1), like the preceding sub-waves, experienced a very rapid sell-off. Such quick declines are unusual for Wave 2s, but in this chart, it repeats...
Linde, Timeless Excellence Linde is a timeless business with even better stability than other basic materials businesses. The company works in gases and has a near-unbroken EPS growth record of 8% annually Linde is a market leader, and if you invest in the company, you're investing in the world's largest company for industrial gases. The company was originally a...
Intel reported second quarter earnings on Thursday, showing a return to profitability after two straight quarters of losses and issuing a stronger-than-expected forecast. the stock rose 7% in extended trading. Here’s how Intel did versus Refinitiv consensus expectations for the quarter ended July 1: Earnings per share: 13 cents, adjusted, versus a loss of 3 cents...
Palantir stock is set to pop in the next year as the tech firm erects an artificial intelligence "fortress" that will help it become one of the biggest players in the AI race in the coming decade, Wedbush Securities analysts wrote on Friday. According to Wedbush's Dan Ives, Palantir is headed to $25 a share in the next 12 months. That represents a surge of 54%...
Team RED is READY As with any competitor, a quarterly earnings report from a peer can provide great insight into the market. For Advanced Micro Devices, the Q2'23 earnings report from Intel provides great views on the surging demand for AI chips and a rebound in PC demand crucial for AMD The most immediate signal from Intel beating Q2'23 estimates and guiding up...
Shopify stock has seen sideways momentum for the last few weeks despite posting good results in the recent quarter. One of the reasons is the bull run in early 2023 due to which the stock has seen over 60% jump in year-to-date. Shopify has been able to reignite revenue growth in the last few quarters and there are strong tailwinds that can help the company improve...
The Walt Disney Company is reportedly exploring options to sell or find a joint venture partner for its India digital and TV business, reflecting the company's ongoing strategic evaluation of its operations in the region. The talks are still in the early stages, with no specific buyer or partner identified yet. The outcome and direction of the process remain...
MSFT is one of the few tech stocks which trades close to all-time highs, seemingly oblivious to the brutal valuation reset that swept through the sector In the most recent quarter, MSFT delivered strong results when factoring in the tough macro environment. MSFT grew revenues by 7% (10% constant currency) and earnings per share by 10% (14% constant currency) -...
Nifty Short, Medium, Long Term 20-May-24 to 24-May-24 Nifty closed at 22502 (22055) and touched low & high of 21836 & 22514 Nifty was up from the support level. RSI and stochastics levels was up from last week (56 % & 69% Respectively). Both are moving up towards oversold zone. Nifty 22502- Short & medium term (Neutral till it cross 22820 decisively) As...
While Jeff Bezos, fiancée Lauren Sánchez have star studded engagement party on his $500M yacht Amazon has just reported its Q2 2023 earnings result, EPS of 65 cents is not comparable on YoY basis nor to consensus due to the company booking some gains related to its Rivian Automotive, Inc (RIVN) investment. Revenue of $134.3 billion beat consensus by about 2% while...
Is TakeTwo Interactive Software Fairly Valued? We use what is known as a 2 stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. To begin with, we have to get estimates of the next ten years of cash flows. Where possible...
The next Nintendo console might arrive in 2024 Nintendo has reportedly demonstrated the Nintendo Switch 2 behind closed doors at Gamescom last month.some trusted developers got an early look at the Switch 2 and some tech demos of how games run on the unannounced system. There was reportedly a demo of an improved version of Zelda: Breath of the Wild that’s...
Market Overview: GM is experiencing strong pricing trends driven by robust demand and a focused strategy, according to CFO Paul Jacobson. Analysts are optimistic, with Bernstein assigning an outperform rating and a $55 price target, indicating significant upside potential. Electrification Strategy: The imminent launch of the low-cost Chevrolet Equinox EV...
Post-Pandemic Rebound: RCL poised to benefit from the strong rebound in the cruise industry post-pandemic, with passenger numbers surpassing pre-pandemic levels. Growing popularity among younger demographics and new passengers indicates expanding market appeal. Strong Demand: RCL has booked a significant portion of its 2024 occupancy, despite strong pricing,...
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Expansion Momentum: BOOT's ambitious goal of reaching 900 retail locations by fiscal 2030 signals robust expansion plans, potentially driving substantial long-term growth. Consumer Loyalty: Strong payback period and impressive first-year sales indicate a solid consumer base and brand loyalty, supporting BOOT's growth trajectory. Profitability Surge: Improving...
🔍 Company Overview: Veeco Instruments NASDAQ:VECO specializes in advanced manufacturing equipment for the semiconductor industry. Recent performance and analyst endorsements indicate thriving business operations. 📈 Market Sentiment: CEO Bill Miller's remarks highlight increased demand for advanced DRAM devices and laser annealing systems, signaling successful...