Autodesk Pre-earnings Analysis Chart done on daily timeframe. Autodesk is one of a few software companies that’s set to report earnings this week and investors are eager to see if they can followthrough as they did on their last earnings report. ADSK’s previous report pushed shares out of a multi-year base after the company’s net income grew more than 30%. The post-earnings rally moved shares to a new 52 week high, which means they need to report strongly again for buyers to justify their current valuation. The company is currently trading at a price to earnings ratio of 60x, which is about four times higher than the healthy average, so this earnings season the main focus will be on profitability...
Dollar General Pre-earnings Analysis Chart done on daily timeframe. Dollar General enjoyed peak performance when inflation ripped higher and consumers were forced to find bargains, but their glory days became history when consumer optimism returned about the economy. Despite their ability to continuously deliver strong revenue, the company has fallen more than 50% from its all time highs, and this likely can be attributed to their net income inconsistency. DG’s net income fell significantly in Q1 of 2023 and continued to slide through the year, with it the stock fell. The correction they saw brought their price to earnings ratio down to 16, about half of what their most prominent competitor, Walmart, is trading at, but does this make DG...
Adobe Pre-earnings Analysis Chart done on daily timeframe. One of the most prominent creative software companies is set to report earnings next month and analysts are eager to see what they bring in Q1 of 2024. With excitement around artificial intelligence overtaking the market, investors will be watching for Adobe’s comments on their new Generative AI products. Historically, the company has adapted very well to technological change, but the rise of Generative AI can pose a threat to Adobe’s products. Consumers no longer need sophisticated skills to operate Adobe’s Creative Suites in order to produce/edit images and videos, they can simply use other AI software and type in exactly what they want to reach the final product. Adobe also recently...
Nvidia (NVDA) Pre-earnings Analysis The semiconductor giant, Nvidia, is set to report to earnings this week and their outcome is set to impact their entire industry. Over the last 12 months, Nvidia has become the face of artificial intelligence and innovation within its sector, which has exponentially moved its stock higher. The excitement around artificial intelligence drove the entire semiconductor industry to very tenacious multiples, so Nvidia’s earnings this week will either justify those multiples or it will crush them. Nvidia is currently trading at a price to earnings ratio of about 95, which is 6-8 times higher than the healthy average. This means Nvidia needs to report numbers far above expectations to bring down the multiple. Nvidia has done...
RIVN Chart done on daily timeframe. Shares of Rivian are trading near their all time lows ahead of their quarterly earnings. Investors of the company who purchased shares since their public market debut have been on a wild ride. Rivian shares reached a high of nearly 200.00 at one point before entering a long correction period that seems to still be going on. Electric vehicle companies as a whole experienced a similar path that Rivian has as sales fell and demand fluttered, but Rivian is one of the few names that has a standing chance in the future of EV. The consumer direct vehicles have surpassed expectations, reaching more than 50,000 in 2023, but unfortunately their profitability moved the other...
