Author: pluginever

Why Carvana is dropping 15+% tomorrow Last quarter, Carvana reported insane numbers, including a GPU of $6,432, which was a 50% increase year over year. We have since learned that Carvana bought a large number of Teslas from Hertz when they went bankrupt at steep discounts. This egregiously elevated their numbers to a severely unsustainable…

Mastercard's second-quarter profit beat expectations as customers kept up spending heavily using its cards, sending shares of the payments giant nearly 3% higher before the open on Wednesday. A tight labor market has ensured job security for customers, allowing them to make purchases without restraint even as the U.S. Federal Reserve keeps monetary policy tight.…

Shares of ASML jumped as much as 10% on Wednesday after a Reuters report suggested that the company could be exempted from expanded export restrictions on chipmaking gear to China. Reuters reported on Wednesday that the U.S. is considering expanding the so-called foreign direct product rule, but that allies that export key chipmaking equipment —…

Boeing reported a bigger loss and weaker revenue than analysts expected for the second quarter and lower revenue as both its commercial airplane and defense programs continued to struggle. Here’s how Boeing performed in the second quarter compared with estimates compiled by LSEG: Loss per share: $2.90 per share adjusted versus $1.97 per share adjusted.…

The three major U.S. averages on Wednesday ended solidly higher, after Federal Reserve chair Jerome Powell said an interest rate cut “could be on the table as soon as September” if data on inflation and the labor market continued to improve. Powell's remarks, along with a powerful rebound in chip stocks, helped the Nasdaq Composite…

Qualcomm reported fiscal third-quarter earnings on Wednesday that beat Wall Street expectations, particularly for sales, and provided strong guidance for the current quarter. Qualcomm stock rose over 4% in extended trading. Here’s how Qualcomm did versus LSEG consensus estimates for the quarter ending in June 23: Earnings per share: $2.33, adjusted versus $2.25 expected Revenue:…

Meta shares jumped about 7% in extended trading on Wednesday after the company beat Wall Street estimates for revenue and profit and issued a better-than-expected forecast for the current period. Here are the results: Earnings: $5.16 a share vs. $4.73 per share expected by LSEG Revenue: $39.07 billion vs. $38.31 billion expected by LSEG Meta…

These daily discussions run from Monday to Friday including during our themed posts. Some helpful links: Finviz for charts, fundamentals, and aggregated news on individual stocks Bloomberg market news StreetInsider news: Market Check – Possibly why the market is doing what it's doing including sudden spikes/dips Reuters aggregated – Global news If you have a…

YUMC is a stock that is puzzling me a lot lately. I acknowledge/understand the China market has its issues, the regulatory issues and overall China outlook/risk. However, when I review the financials and metrics- I see a P/E ratio around 15, consistent/growing EPS the past 3 years (and certainly overall growing since 2014), price to…

These daily discussions run from Monday to Friday including during our themed posts. Some helpful links: Finviz for charts, fundamentals, and aggregated news on individual stocks Bloomberg market news StreetInsider news: Market Check – Possibly why the market is doing what it's doing including sudden spikes/dips Reuters aggregated – Global news If you have a…