UnitedHealth Group Post-earnings Analysis Chart done on daily timeframe. UnitedHealth Group shares saw an influx of buyers following their recent quarterly earnings, helping the stock push to a new all time high; however the move is questionable considering their numbers weren’t as rosy as they seemed. Although UNH outperformed their profit forecasts, the company’s cyberattack crises is estimated to cost them billions of dollars over the next year. What was previously estimated to cost them $1.15-$1.35 per share in profits has been revised to $1.90-$2.15, a substantial and costly jump. UnitedHealth has always posted hefty profits, but those profits are now at risk because of their cyber mishap. Another headwind the company faces is an uptick of how much their...
Netflix Pre-earnings Analysis (NFLX) Chart done on hourly timeframe. Netflix lost its membership to the fancy acronym world this year as investors moved away from the FAANG stocks to the Magnificent 7 stocks. While most stocks from the acronym remained favorites under the Magnificent 7, Netflix was one that got removed from the “top contenders” in the market. The change in sentiment likely came from the fact that Netflix’s revenue trends dropped from double digit percentage growth prior to 2022, to just 6% growth in 2022 and 2023. Although the company did boost subscribers after their password crackdown, the move was seen as a desperate move by its investors, reflecting weakness in organic growth. Despite their weakness in revenue, the...
Taiwan Semiconductor Manufacturing (TSM/TSMC) Pre-earning Analysis Chart done on hourly timeframe. Expectations are high for Taiwan Semiconductor as the company gets ready to report its second quarter earnings. Analysts project second quarter profits to grow 30% compared to last year, which is doable considering the company’s recent June revenue report already showed 33% YoY growth. TSMC is generating billions from global investments into generative AI, and sponsorship from the U.S. government has also given them billions to spend towards research and development. The company is well-known to have ties with Nvidia, being their sole maker of GPUs and giving them an edge in the semiconductor industry. Investors of the company have enjoyed more than 100% in return on their position...
ARK Innovation ETF Analysis (ARKK) Chart done on daily timeframe. Cathie Wood has really made a name for herself on Wall Street in recent years, but unfortunately the reputation that now precedes her is mostly negative and doubtful. The cofounder and CEO of Ark Invest established her name in the name of innovation, taking on high risk names in hopes of long term prosperity. The firm mostly focuses on technology investments across different industries such as: electric vehicles, gene editing, artificial intelligence, streaming…etc. Their focus isn’t necessarily about the current numbers and revenue of these industries, but rather on what they could become as technological advancements take hold of them. Take Tesla for example, which is the largest holding in...
Nvidia Analysis Chart done on hourly timeframe. Nvidia’s stock volatility recently ticked up after the stock shed nearly 500B worth of market cap in a matter of a few days. The strong pull back that started last week forced the stock down to correction territory, but as expected, buyers were quick to get in on the dip. The pull back was quickly bought back up because of so many folks waiting on the sidelines for a chance to finally get in, but in the reality of things, the 5% decline it faced didn’t eliminate the risks that accompanies the investment at such levels. Nvidia’s massive rally to the $3 trillion valuation was a result of the combination of their phenomenal...
