Jumia Technologies Chart done on daily timeframe. Jumia shares are up more than 500% from their 52 week lows as buyers pour into the e-commerce stock. What’s labeled as Africa’s “first tech start-up” has excited investors across the globe in the company’s potential, but diving deeper into their fundamentals, their numbers are still fairly low. Young companies are often forgiven for having weakness in profitability, but in order to make up for it they need to post strong revenue trend, which isn’t the case for JMIA. Year over year revenue has struggled to consistently grow over the past six years, and profit margins have also remained non-existent. The company seems to be losing money year over year, and their free...
MetLife Pre-earnings Analysis Chart done on hourly timeframe. Shares of MetLife reached a new all time high in a sympathy move to UnitedHealth Group’s recent earnings jump, but their move will be tested on the company’s upcoming quarterly earnings. The report is set for July 31st and is anticipated to be a big one for the company. Quarter over quarter profits are set to grow from 1.83 to 2.13 per share, their highest projection in the past year. The company has had an inconsistent history when it comes to meeting expectations, so whether or not they could meet the ambitious target is highly uncertain. Their historical trends when it comes to revenue growth have also been flat, mostly plateaued over...
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...
