Marathon Digital Holdings Chart done on daily timeframe. Marathon Digital has taken its investors on a roller coaster ride over the last 12 months with massive price swings from lows of $8 to highs of $34, but this is not unusual behavior for companies involved in the crypto space. The asset technology company focuses on the blockchain ecosystem and generation of digital assets, which ties directly with crypto, making their price susceptible to the crypto market. The rise in Bitcoin since the start of 2024 gave MARA a boost, but their last earnings miss scared investors off the year’s highs. Now they’ll have a chance to potentially impress investors this time around, and since their stock has come down nearly...
Blink Charging Pre-earnings Analysis Chart done on hourly timeframe. Approximately 1.4 million electric vehicles were sold in the United States in 2023 and that number is expected to rise by 20% in 2024, which brings a ton of opportunities for companies involved in the space. Blink is one of those companies who is still making a name for themselves, but have been around for enough years to show their abilities. The company has come a long way in recent years with the rise in EV sales, boosting their revenue from just about 2M in 2017 to more than 140M in 2023, clearly reflecting healthy growth as demand in the industry increases. Unfortunately net income has moved in the wrong direction...
Palantir Technologies Pre-earnings Analysis Chart done on hourly timeframe. Palantir investors are celebrating the company’s first profitable year after 2023 concluded with four consecutive positive net income quarters. Shares of the company are up more than 200% in the last 12 months, clearly reflecting their fundamental growth, but many are questioning their valuation as the company approaches its Q1 earnings report this year. PLTR is once again expected to post revenue growth and a positive net income of .04, up from last quarter’s .03 EPS. This is an easy target for them and we expect them to achieve it with the help of their involvement in artificial intelligence and military contracts. Looking at their valuation in particular, the company’s 50B...
Qualcomm (QCOM) Pre-earnings Analysis Chart done on hourly timeframe. Qualcomm shares have rallied for the majority of the 2024 so far, but the stock will face a test this week as the company prepares to report their first quarterly earnings. The company’s revenue dropped significantly last year by 19% as macroeconomic challenges weighed down on their sales. Profitability declined along with it, with net income declining as much as 44%; however despite all that, the stock is still trading around its 52 week highs. The simple explanation is probably because of Qualcomm’s involvement in semiconductors, which is a major part of artificial intelligence. For the last 12 months, companies involved in the semiconductor space have rallied despite the underlying fundamentals....
Amazon (AMZN) Pre-earnings Analysis Chart done on hourly timeframe. Amazon shares are trading around their all time highs ahead of the company’s very anticipated earnings report. After a groundbreaking performance in 2023, investors are excited to hear about Amazon’s first quarter performance and what it expects to post for the rest of the year. Revenue in 2023 reached 575B, up 11% from the prior year and their best year yet. Net income, which has always been a struggle for the online retailer, grew to 30B, significantly above the -$2.72B in 2022. Amazon’s profitability can be attributed to their AWS Cloud Computing Services, which has been a massive source of their recent growth and will be a big highlight this earnings...
