OII Chart done on daily candles. Oceaneering International is labeled as a company in the oil & gas equipment sector, but it does far more than just that. The company wears many hats, and provides services and products to a variety of industries such as energy, defense, aerospace, manufacturing, and more. They have a list of customers that’s too large to list, so I’ve attached a link so you can see for yourself. Unfortunately, most companies in the heavy equipment industry suffer from high cost of revenue, which has been a challenge for OII when we look at the their net income. Revenue is healthy and slowly making a comeback from the pandemic shutdowns, but investors want to see cost-cutting...
$CELH
Chart done on daily candles. Celsius Holdings hit it big with their popular energy drink the results show in their earnings. The company posted a bolstering profit of $.52 per share versus the expected $.26, a 100% beat for the quarter, and more than quadrupling from one year ago. Revenues have also skyrocketed to $325M this quarter compared to last year’s quarter performance at $154M. The biggest thing to point out about $CELH however is their short float percentage, lastly reported at 23%. This makes it a prime target for a short squeeze, meaning this rally could be just starting. We will be watching for a potential entry when the time is right to play the continuation.
$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...
