Lennar Post-earnings Analysis Chart done on daily timeframe. Shares of homebuilding giant Lennar are falling after the company reported their earnings, which met the quarterly expectations, but failed to meet future forecasts. The company reported profits of $3.45 per share this part quarter vs estimates of $3.33, and revenues of $8.77B vs the expected $8.2B. Both figures mark healthy growth compared to the previous year, despite higher interest rates in the real estate market. Lennar did have to cut their average price per home from $449,000 to $426,000 in the quarter, which is a sign that consumers are gaining more control over pricing. Lennar’s pain point was their home delivery forecasts, which came in just below the 20,917 unit expectations....
GE Aerospace Analysis Chart done on daily timeframe. GE investors have enjoyed a phenomenal year with the stock up more than 100% from its 52 weeks lows. The rally can be attributed to demand in the aerospace industry, specifically for commercial jet engines. Large orders helped GE grow its revenue 17% in 2023, but the real growth was in their net income. The company had struggled to bring about strong profits for years, but 2023 was a phenomenal year for them. Unfortunately their profitability is starting to suffer once again this year, with Q1 declining by 80% in net income, but the market still seems to be hopeful as buyer pour into the stock. Despite the push its had, GE’s...
Adobe Pre-earnings Analysis Chart done on daily timeframe. Adobe is set to report earnings today after market close and investors are nervous about the impact artificial intelligence, specifically generative AI, has had on the company. Fierce competition in the space is beginning to grow, and Adobe’s costs may be getting tough to justify for savvy designer who have found alternatives, but this narrative isn’t reflecting in the company’s numbers so it may be overblown for now. Adobe has posted steady quarterly revenue at around the 10% mark over the past several quarters, reinforcing their market position, but their profitability suffered greatly last quarter, dropping as much as 50%. Their last report also indicated a softer outlook for the year, which...
Broadcom Inc. Chart done on hourly timeframe. Broadcom’s rally and performance over the past twelve months has been eclipsed by Nvidia’s strong rally, but the company has proven to be a strong name in the semiconductor industry for years. AVGO is largely known to be a major supplier for Apple, specifically their 5G components. The two companies announced a massive multiyear deal in 2023 and committed to invest billions of dollars in U.S. grown suppliers, since then the U.S. government has also committed billions to homegrown chips. A trusted name like Broadcom is bound to benefit off these commitments, especially with demand for semiconductors rapidly increasing. Unfortunately there are headwinds that Broadcom can face this quarter, largely from slowing iPhone...
Oracle Corporation Pre-earnings Analysis Chart done on hourly timeframe. Oracle shares are up more than 100% since their 2022 lows, but have struggled to breakout higher over the past 52 weeks as earnings growth plateaued. The company’s surge from its lows in 2022 was due to their ability to grow revenue by 18% that year, however 2023 proved to be more of challenge in terms of revenue growth. Despite the flat revenue growth, the company did post profit growth so their leadership is doing a good job at increasing their profit margins and reducing operational costs, but the question is if that’s enough to move the needle. Oracle’s stock valuation has grown to a massive 346B, and their price to...
