Tilray Pre-earnings Analysis Chart done on daily timeframe. Tilray has a lot to prove on its earnings this week after the company’s 100% stock rallies in March. Tilray, amongst other cannabis companies, have gain gained significantly over the past month due to the Biden administration’s support of marijuana reform, but that doesn’t change the fact that they’re still posting big losses. Tilray’s annual revenue has gained significantly over the last seven years, but despite the 10x grown in revenue, net income is moving further south. The company lost 1.45B last year on revenue of 627M, a clear red flag about its direction. Their balance sheet is healthy, but their free cash flow is sitting in a negative, placing them in...
Levi Strauss & Co Pre-earnings Analysis Chart done on daily timeframe. Shares of Levi Strauss are pulling back from their 52 week highs as investors await the company’s first quarterly earnings. Trading volume saw levels not seen since their last earnings report, and based on the movement on 4/2, the majority of that volume was likely profit taking ahead of the report. Analysts are expecting LEVI to report a EPS of .20, a target significantly lower than their last results of .44. LEVI should be able to hit that target, especially considering this quarter includes December’s Christmas revenue. However an earnings beat alone won’t be enough to move the stock higher, and that’s because the earnings target is already so...
Wynn Resorts Analysis Chart done on daily timeframe. Resorts & Casino stocks have been made no progress over the past year, but as America’s gambling addiction continue to grow, these companies are starting to rake in the profits. Super Bowl bets reached a high of $23.1B this year compared to last year’s $16B, that’s a 44% increase in bets just on the Super Bowl alone. This is the trend we’ve seen on gambling related hobbies from casinos to sports betting. With the uptick in gambling and the number of travelers to Vegas, Wynn Resorts finally moved back into profitability last year, after suffering between 2020-2022 after the pandemic. The company’s revenue grew 73% between 2022 and 2023, bouncing back to...
Vanguard S&P 500 ETF (VOO) Analysis done on daily timeframe. If you’re looking for a stock to buy and forget till retirement then look no further than Vanguard’s S&P 500 ETF VOO. Exchange traded funds (ETFs) are one of the best investment vehicles to hold over the years for lower risk exposure in a specific sector or for the market as a whole. VOO offers investors the ability to invest int he S&P 500 as a whole without taking on the risk that comes with buying an individual company. No matter how great a company is, even a name like Apple, there’s still a risk that the company may fail one day and that is something to consider when buying anything...
Nvidia Updated Analysis Chart done on hourly timeframe. Nvidia’s dominance has come into question after the stock has struggled to get above the 1k mark last month, but it is important to note that although the stock is moving sideways, it is still very much in bullish control. It is not unusual that we saw Nvidia get rejected around 1k ahead of the successful break, this is something historically common in the market. The important part is that it has remained near the highs and they’re still delivering on analysts’ expectations. In the short term, Nvidia’s reign can be attributed to Wall Street’s excitement around artificial intelligence. This is a similar story that we saw to Tesla a few years...
