$DIS
Chart done on daily timeframe. Disney shares are rocketing higher this morning after the company reported its quarterly earnings. Although Disney missed on revenue, shares are likely pushing due to their announcement to raise prices on their streaming platform Disney+ and Hulu. Disney got into the streaming business during a tough time for their parks when Covid forced closures and revenue was hit hard, but they’ve taken many measures to restore their revenue and reduce costs. Disney’s fundamentals are solid and now that streaming prices are going up, they may finally see their streaming investment paying off. All in all impressive earnings, but still no sign of a dividend again.
UBER Chart done on hourly timeframe. Uber shares are falling this morning despite the company’s latest strong earnings. The company posted its first even operating profit and growth surpassed expectations in the last three months. The ride hailing giant stated that demand in North America has regained pre-pandemic levels, but their freight division is still lacking demand. What matters most is their core business, which is growing, and the company is making subtle changes to improve their bottomline. Revenue growth for Uber is very impressive, jumping from 13B in 2019 to nearly 34B in the trailing twelve months. Free cash flow recently topped 1B as well, giving them plenty of cash to put back into the business. Their valuation at...
BA Chart done on daily candles. Shares of Boeing are flying higher in recent trading developments after the company reported their recent quarterly earnings. Results came in better than expected and future outlook is looking strong as demand picks up in different sides of the world. Last year Boeing received multiple contracts for Middle Eastern nations as they planned to double their fleet, and this year their dominance stretched to India too. Unfortunately Boeing’s ultimate challenge over the last several years has been the public perception of them after the defects in the 737M airplane, but they are slowly proving themselves again as a company. Giants like Boeing are hard to take down, and even if they suffer in the...
SHOP Chart done on hourly timeframe. Considered one of the most dominant e-commerce platforms, Shopify has managed to make a name for itself in the online marketplace. Revenue has grown at an average rate of of 61% over the last seven years, and their net income was growing immensely too, until 2022. The company saw a large downturn on its profits last year, but it wasn’t for a negative reason. Shopify boosted its spending on research and development, which investors like to see in any company; sales and marketing expenses also increased, widening the losses for Shopify. Nonetheless, the company’s revenue growth is still impressive, and all the money they’ve spent is expected to pay off, investors will watch for...
$PLTR Chart done on daily timeframe. The stars aligned for Palantir in 2023 as the hype around artificial intelligence companies grew and helped the stock push. This is the case for many companies that are involved in artificial intelligence, even the ones that aren’t performing well fundamentally. Palantir’s fundamentals aren’t terrible, but it’s certainly considered overvalued at 34B; however this doesn’t mean it will come down. During bull market cycles where greed is growing, even the most overvalued companies can rally on for months and years before seeing a correction. The company’s revenue is barely reaching 2B, but it’s growing at a decent rate year over year, they’ll need to upkeep that growth to maintain that 34B valuation. I’d like...
