Lennar Post-earnings Analysis Chart done on daily timeframe. Shares Lennar are pulling back from their all time highs after the company reported its first quarterly earnings for 2024. Q1 revenue came in at 7.31B vs the 7.39B expectations, but the homebuilding giant still grew its revenue by 12% from same quarter last year. Home deliveries increased by 23% and new orders increased by 28%, which proves resilience in the housing market and endless opportunities for Lennar. Worries about interest rates have been high, but Lennar’s leadership assured investors that they’re “fluctuating within a manageable range”. The decline in Lennar following their earnings release be because the earnings were already priced in. The stock has been making new all time highs...
Blink Charging (BLNK) Pre-earnings Analysis Chart done on hourly timeframe. Electric vehicle and charging station companies were amongst the leader to the downside in the correction we’ve seen in the last 24 months. As interest rates surged and demand for electric vehicles slowed, companies like Blink have moved their way to all time lows in recent months. Blink’s 2021 highs were never justified given the company’s revenue is still below 100M annually. This is a company’s that’s never been profitable and is likely still far away from being positive net. Nonetheless, the electric vehicle market is still young and has a lot of room for growth, and Blink has established itself as a key player of charging stations. The current...
Oracle Pre-earnings Analysis Chart done on daily timeframe. It’s been nearly a year since Oracle’s stock made the significant move above 100.00, but buyers haven’t been able to bring enough strength to continue the push. Oracle reached a high of 128.25 in 2023 and has lagged behind the market rally to start off this year, but earnings could be a catalyst for them to finally make a move. The database software company is set to release their Q3 earnings results and like most other tech companies, the big focus will be around artificial intelligence. Oracle has an advantage over many other new AI companies because it is an established company who’s already trusted by many enterprises. Revenue patterns over the...
ULTA Pre-earnings Analysis Chart done on hourly timeframe. ULTA is set to report earnings this week and they have a hefty target to reach as profits are expected to rise by 50% quarter over quarter. The beauty giant will be reporting their holiday sales numbers so the optimistic estimates are reasonable, but their stock is trading around all time highs so even if they beat, it might already be priced in. The company’s revenue has also declined quarter over quarter in 2023, potentially foreshadowing an earnings miss. Despite a decline in revenue and net income, ULTA shares jumped after their last quarter earnings and continued rallied until about a week ago. There doesn’t seem to be a good reason for...
Dick’s Sporting Goods (DKS) Pre-earnings Analysis Chart done on hourly timeframe. Dick’s Sporting Goods has started off 2024 with a near vertical rally, moving the company to a new all time high, and nearly doubling it from its 52 week lows. Because of their niche market position, Dick’s has been able to maintain strong presence in the retail sector unlike many other retailers who have lost to e-commerce. The company revenue is steady for a retailer, and they’ve managed to stay profitable over the years. Their balance sheet is also healthy and free cash flow is reading at a positive number. This explains why investors stepped in when DKS was trading around the $100.00 mark, when its P/E ratio was...
