Qualcomm (QCOM) Pre-earnings Analysis Chart done on hourly timeframe. Qualcomm shares have rallied for the majority of the 2024 so far, but the stock will face a test this week as the company prepares to report their first quarterly earnings. The company’s revenue dropped significantly last year by 19% as macroeconomic challenges weighed down on their sales. Profitability declined along with it, with net income declining as much as 44%; however despite all that, the stock is still trading around its 52 week highs. The simple explanation is probably because of Qualcomm’s involvement in semiconductors, which is a major part of artificial intelligence. For the last 12 months, companies involved in the semiconductor space have rallied despite the underlying fundamentals....
Amazon (AMZN) Pre-earnings Analysis Chart done on hourly timeframe. Amazon shares are trading around their all time highs ahead of the company’s very anticipated earnings report. After a groundbreaking performance in 2023, investors are excited to hear about Amazon’s first quarter performance and what it expects to post for the rest of the year. Revenue in 2023 reached 575B, up 11% from the prior year and their best year yet. Net income, which has always been a struggle for the online retailer, grew to 30B, significantly above the -$2.72B in 2022. Amazon’s profitability can be attributed to their AWS Cloud Computing Services, which has been a massive source of their recent growth and will be a big highlight this earnings...
Advanced Micro Devices (AMD) Pre-earnings Analysis Chart done on hourly timeframe. AMD has established itself right along side Nvidia as one of the most prominent names amongst semiconductor companies involved in artificial intelligence chips. The company had a phenomenal start to the year, gaining about 75% from its lows, but it has given back much of those gains in recent weeks. One reason for this correction is AMD’s outrageous price to earnings ratio, which is currently at 293x, much higher than the healthy average of 15-25x. This inflated valuation can be attributed to the built up excitement around artificial intelligence, and it could be the market pricing in projections for the stock, but nonetheless it is a hard number to...
Dominos Pizza Inc (DPZ) Pre-earnings Analysis Chart done on daily timeframe. Dominos seems to be in a league of their own when it comes to the restaurant industry as it closes in on its 2020 highs. The company’s last earnings drove it to a new 52 week high around 508.00, which it is still hovering around coming into next week’s earnings. The company’s performance can be attributed to their consistent ability to meet revenue and profit targets, but profitability is set to decline this quarter per analyst estimates. Quarter EPS is expected to decline to 3.36 per share from last quarter’s 4.48 per share, which means that even if DPZ meets the estimates, it likely won’t be enough to move...
SoFi Technologies Inc Pre-earnings Analysis Chart done on daily timeframe. SoFi Technologies is an online financial company that hit the ground running in the last decade and has become a familiar name thanks to their sponsorship of the SoFi Stadium in Los Angeles. The company provides online banking and loan solutions to consumers and has managed to take a chunk of the industry to establish their online presence. The company has more than tripled its annual revenue from 2020 at 751M to 2023 at 2.91B, and they finally managed to post a profitable quarter in Q4 2023 despite the decline in the housing market. Unlike traditional brick and mortar banks, SoFi has the edge of being strictly online, which is...
