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...
Broadcom (AVGO) Post-earnings Analysis Despite ambitious targets, Broadcom managed to beat quarterly earnings on Thursday and surpass estimates; however the stock is down in after-hours. The decline in the stock could be because the company’s leading product growth was in their software revenue, not their chip revenue. Markets are extremely bullish right now, but the biggest movers have been the companies reporting strong artificial intelligence chip growth, and even though Broadcom did that, it wasn’t enough for investors. Nonetheless, the semiconductor giant still reported a great quarter overall, coming in at $10.99 earnings per share and giving a guidance of $50B for the full year. Long term outlook: Across the board, semiconductor companies are trading at expensive multiples, far above...
Costco Post-earnings Analysis Costco reported quarterly earnings after the bell Thursday and while profits exceeded estimates, their revenue didn’t come in line with expectations. The wholesale retailer generated revenue of $58.44B for the quarter, slightly below the expected $59.1B, but still an increase from last quarter’s numbers. Profits were also up to $3.92 per share, beating the $3.62 estimates. E-commerce was a highlight for the company as it reflected online growth by 18.4% YoY, helping them compete against Amazon and Walmart. All in all, Costco reported a strong quarter, but shares fell on the revenue miss. At these highs any scent of bad news can drive traders to take profits, but the general trend remains bullish so there’s a chance...
Albemarle Corporation. Depository Shares Update and Technical Analysis Albemarle is starting off March by giving back nearly half of its February gains after the company announced a depository shares offering valued at $1.75B. The stock surged more than 20% last month due to lithium price increase, but investors are now afraid that the company is short on cash. Looking at their annual revenue, they’re growing in a healthy direction, growing 31% YoY in 2023. However while analyzing their net income, we see the company has been declining in profitability. Their first quarter performance last year reflected a positive $1.16B in net income, but by Q4 they moved to nearly -$1B. While their balance sheet is healthy with $18B in assets...
Marathon Digital (MARA) Post-earnings Analysis Chart done on hourly timeframe. Marathon Digital reported their fourth quarter earnings earlier today and numbers exceeded expectations across the board. The company reported a surge in revenue for the quarter to $156.8M vs. the $148.8M estimate, and net income came in at 66 cents a share, finally moving the company into positive profit territory. MARA’s investment in mining equipment and advancement of its technology helped it boost its Bitcoin mining abilities significantly year over year from 1,562 in the fourth quarter of last year to 4,424 this quarter. Efficiency also improved by roughly 20%, making their earnings results stellar all around. Despite the earnings beat, however, shares of the company tumbled from their highs...
