Occidental Petroleum Corp. (OXY) Analysis Shares of Occidental Petroleum reached a new yearly low this week after the stock broke below a key support level. The stock has been stuck in a downtrend for months now, but as it inches to lows not seen since 2022, questions about an entry opportunity are beginning to rise. Let’s dive into the numbers. OXY’s 2023 performance was very poor, and it reflected in its charts. The stock remained in the 55.00-68.00 range for the entire year as investors struggled to gain more confidence. Falling revenues were their biggest problem, which declined by 22% last year. That impacted their net income severely, bringing it down by 65% from the year prior. This trend in...
Zscaler (ZS) Post-earnings Analysis Shares of cybersecurity company Zscaler fell this week after they reported their quarterly earnings. The company fell short on profit outlook, forecasting earnings per share to come in between $2.81-$2.87 for the full fiscal year ahead versus the analyst expectation of $3.33. The forecasts eclipsed Zscaler’s stellar revenue for the latest quarter, which grew at 30%. Net losses also narrowed to 10 cents a share, compared to 21 cents a share same time last year. Looking past the sharp earnings decline, Zscaler remains as strong player in the cybersecurity market. The company has grown its revenue at a consistent 30%+ for the past seven quarters (and counting), and has slowly narrowed losses, leading them closer to...
Lululemon Pre-earnings Analysis Lululemon’s market value has fallen 50% from its 12 month highs, reflecting the company’s slumping sales growth, but some may argue that the stock is entering an attractive range for buyers to begin stepping in. Fierce competition and a cutback on discretionary spending left Lululemon in a tough spot over the last two years. The company went from posting 25-30% quarterly sales growth to just 10% last quarter. This is a trend that we’ve seen across athletic wear, even companies as big as Nike reflecting slowing sales. Nike’s last quarter actually reflected negative growth of -1.44%, leaving investors completely uncertain about the future of the space. Despite the decline in earnings growth, Lululemon’s earnings are still trending...
Broadcom Inc. (AVGO) Stock Analysis Broadcom shares have rewarded investors with an increase of 100% from their 52 week lows, but the stock will be tested in early September on their next earnings report. The software and semiconductor giant has a long history of satisfying earnings, but pressure around the space has increased thanks to Nvidia’s stellar growth. Nvidia’s exponential earnings growth has only raised the bar for names like Broadcom, AMD, and other names within the industry, so Broadcom needs to beat both top and bottom estimates to move the needle. Broadcom is well positioned to take advantage of the artificial intelligence boom. Their experience in the technology industry gives them an edge over start-ups, and their massive stream...
CAVA Group Cava shares have surged 75% from their August lows as strong earnings attract buyers, but is the stock still a buy at its all-time highs? The company’s quarterly growth has been impressive, averaging 31% over the past four quarters. Net income has risen alongside revenue, reaching its highest level since the company’s IPO, with $20 million reported in the last quarter. This upward momentum has driven the stock nearly 400% above its 52-week lows, boosting its market cap to $14.34 billion. Cava’s earnings trajectory has drawn comparisons to Chipotle in its early days, fueling the rally to record highs. Many investors, driven by a “fear of missing out” on the next big chain, are eagerly buying in. However,...
