The golden child of the artificial intelligence boom is set to report earnings this Wednesday after market close and it has traders on the edge of their seats. Nvidia, valued now at $3.18 trillion, trails Apple as the most valuable company in the world. Its phenomenal growth can be attributed to the indispensable role they play in the semiconductor space, making themselves the gatekeeper of advanced artificial intelligence. Nvidia has grown its quarterly revenue at an average of 244% over the last three quarters, reaching $26B last quarter. Year over year revenue grew by 125% from 2022 to 2023, closing out the year at nearly $61B. These astonishing numbers catapulted the stock higher, but what amazed investors, is that as...
Kratos Defense & Security Solutions Analysis Defense and security stocks have generally performed well over the past two years as geopolitical unrest continue to create demand for their products and solutions. Kratos has found its way to this multibillion dollar industry and has slowly grown their revenue to the $1 billion mark in 2023. The revenue growth reflects in their stock price, which has grown nearly 60% in the past 12 months. The company is still trading far below their all time highs, but that’s probably for its own good. When Kratos traded at 34.00 in 2021, it was only generating $811 million annually. That means the cost to own the stock was 50% high at a time it was...
Chevron Analysis:Energy companies enjoyed a massive revenue increase in 2021 and 2022 following the end of the lockdown restrictions and the jump in oil prices amidst the Ukraine/Russia war. Stocks like Chevron gained more than 100% in those years as investors poured into the company, but have struggled to gain any traction in the past two years. During its rally in 21-22, Chevron’s revenue grew by 65% and 51% respectively, reflecting directly in their stock as it rallied to a new all time high; then the struggles came as soon as they began reporting a decline in revenue Q1 of 2023. The losing streak last from Q1 23 to Q1 24, but Chevron reversed that trend in Q2 of this...
Target Shares Soar After Earnings Report. Is it a Buy? Target stock soared higher after the company’s earnings report early Wednesday morning. Same-store sales were the biggest highlight of the call, with the number increasing by 2%, above the 1.1% forecast. Target had been on a one year long losing streak amidst public relations issues they faced and a more cautious customer, but their increase in same store revenue this quarter helped end that streak. Retail were also happy to learn that discretionary items, especially apparel, saw an uptick in demand. This was taken as a sign that consumers are starting to spend on non-essential items again. However this could also be interpreted as consumers shopping for apparel at Target...
General Dynamics Corporation General Dynamics has rewarded its investors in the past 12 months after growing by 50% in market cap, but as it sits near all time highs, investors are wondering if it has the momentum to keep going. Looking at the company’s quarterly performance, it has impressively posted consistent growth in the past year, growing by as much as 18% in the last quarter. Demand for aerospace products and defense solutions has grown, especially with rising global tensions, which have boosted defense exports, especially aircrafts from the United States. GD’s growth from its 52 week lows has brought its current price to earnings ratio to 23x (TTM). This places it on the more expensive side of the 15-25...
