Apple Stock Analysis Apple's latest product lineup has arrived, but are these innovations enough to reignite the company’s growth? For the first time since 2019, Apple experienced a year-over-year revenue decline, falling 2.8% in 2023. Earnings in 2024 have also underwhelmed, with quarterly profits remaining mostly flat through the first three quarters. Despite sluggish growth, Apple's stock reached an all-time high last quarter, as investors remained optimistic that the new iPhone launch would revitalize demand. However, this optimism faltered when initial reports revealed that pre-orders for the iPhone 16 were 12.7% lower than those for the previous year’s model. This led to a swift sell-off, causing the stock to open lower. Apple has faced criticism for a perceived lack of...
Kinetik Holdings (KNTK) Kinetik holdings has posted remarkable growth in the last four years, growing its annual revenue from $148 million to more than $1.25 billion last year. The fast growing company provides oil and gas production and distribution services, which has proven to be lucrative for them, especially last year when they posted a 293% jump in net income to $289 million. Their strong profit margins last year were their best in years, which reflected directly in the stock’s price. KNTK reached a new 52 week high in recent weeks thanks to their last earnings report, which showed another 30% jump in revenue. The stock’s rally has grown the company’s market cap to $6.85 billion, which is quite fair...
Starbucks (SBUX) Analysis Starbucks shares jumped more than 20% in August after news that the coffeemaker was replacing their CEO with Chipotle’s CEO, Brian Niccol. Niccol has been recognized for his accomplishments as a leader, one of which is helping Chipotle more than double their revenue throughout his time there. Investors are hoping that Niccol can help turn things around for Starbucks, which has struggled to post any significant growth this year. Q1 of 2024 started off with a positive 8% growth, but the following two quarters reflected negative year over year growth. Rising competition, a more cautious consumer, and overall economic pressures have disrupted the company’s growth streak, not only leading to falling sales, but also weakened profitability. Nonetheless,...
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...
