I think end of the year. Not sure if it was "peak" for 2022 or just exit level.
OT: Stock and Investment Talk
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And it was a vaccine with serious issues (in reality and public perception). United is a true bellwether company for the industry and it crushed earnings. Pfizer is also a good one to look at.
Happy to hear that it was a rather mild experience. Getting booster #2 in the fall (along with the flu vaccine) is the way to go. This will likely become an annual shot in Oct'ish. We all will get it eventually, but with those protections and additional sub-variants (which normally weaken severity), the vast majority of the population should be fine.
The current omicron variant and it's subs has a lot of symptoms that mimic colds and allergies (and doesn't have the loss of taste or smell). It's tough to figure out what you have these days.
Buy PFE to celebrate your recovery! :)
I think I will since I have been getting PFE shots. It really was mild since I didn’t realize it the first time I had it. I only took the test because I heard about the dry cough.
Thoughts? (from Cramer & Team)
Coterra Energy (CTRA), a new Club holding, has its price target raised to $35 from $29 at Barclays. But analyst maintains hold rating ... he will have to raise it to a buy because it has 50% natural gas and is needed to help Europe. Coterra Energy is the newly formed company that was renamed after Cabot and Cimarex joined forces in an all-stock merger last year. Cimarex’s Tom Jorden became CEO of the combined company.
Coterra Energy (CTRA), a new Club holding, has its price target raised to $35 from $29 at Barclays. But analyst maintains hold rating ... he will have to raise it to a buy because it has 50% natural gas and is needed to help Europe. Coterra Energy is the newly formed company that was renamed after Cabot and Cimarex joined forces in an all-stock merger last year. Cimarex’s Tom Jorden became CEO of the combined company.
Yeah IDK how to explain that one other than entire market was up. I heard the JNJ report this morning and general consensus seemed to be that it was a weak quarter.
They had some opioid case settlements recently, a couple states that didn’t join the class action….maybe getting that fully behind them?
Damn - NFLX ass whooping:
Netflix shares crater 25% after company reports it lost subscribers for the first time in more than 10 years
It's the first time the streamer has reported a subscriber loss in more than a decade.
But a BIG earnings beat:
EPS: $3.53 vs $2.89, according to a Refinitiv survey of analysts.
Buy the dip? :)
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Hmm............a more cautious Fed with only 0.25% hikes?
www.cnbc.com
Fed's Bostic expresses caution about the pace of interest rate hikes
Atlanta Fed President Raphael Bostic did not commit in a CNBC to interview to what pace the Fed should take in increasing benchmark rates.
FYI - I hope you guys aren't into bond funds. They are getting trucked YTD! Only option to make good returns = stocks.
www.morningstar.com
BIV – Vanguard Interm-Term Bond ETF – ETF Stock Quote | Morningstar
BIV – Vanguard Interm-Term Bond ETF – Check BIV price, review total assets, see historical growth, and review the analyst rating from Morningstar.
That’s the FAANG I’ve never been a fan of because it’s just huge capital expenditure for content and they just throw anything up the wall and see what sticks. There’s more competition now and the first mover advantage isn’t as much of a boon as it was. I think the top services will likely be Netflix, Disney and WBD. Personally I think the others need to bundle with each other to compete because they don’t have enough content on its own.
Streaming services are raising prices so choices have to be made or people turn on/off the service as needed.
If any of the services could figure out how to reduce subscription sharing that would help quite a bit. I suppose sooner or later there will be a price where it’s worth a trade.
I’m about 18% between bonds (mostly short term and investment grade) and cash, with the rest in equities. I’m retired so I want to be able to weather any potential severe downturn that lasts multiple years without selling equities. Having said that, I was about 98% equities until a couple years bedore retirement. You’re right, though, bonds are getting trucked!FYI - I hope you guys aren't into bond funds. They are getting trucked YTD! Only option to make good returns = stocks.
BIV – Vanguard Interm-Term Bond ETF – ETF Stock Quote | Morningstar
BIV – Vanguard Interm-Term Bond ETF – Check BIV price, review total assets, see historical growth, and review the analyst rating from Morningstar.
FYI - I hope you guys aren't into bond funds. They are getting trucked YTD! Only option to make good returns = stocks.
BIV – Vanguard Interm-Term Bond ETF – ETF Stock Quote | Morningstar
BIV – Vanguard Interm-Term Bond ETF – Check BIV price, review total assets, see historical growth, and review the analyst rating from Morningstar.
No, but might be buying soon, with some of my cash on the sideline. Bond rates already made a significant move up. more upwards movement might make them an attractive buy.
Not sure about other people, but when I hear or say FAANG, I really mean FAAMG.
MSFT instead of NFLX.
Sounds like bond funds are going to get trucked for a while. That's the real bear market! Not equities.
I dumped all bond funds in early 2021. My only fund with any bond exposure is PRWCX, but the rates on these holdings look pretty good (as of now).
Gotta ask again. Is NFLX a buy now? With tonight's drop, forward PE is 23'ish. Does this earning report gets the market to pivot away from # of subs as the only thing that matters and rather focus on revenue per sub?
Interesting to think about.
Good watch:
Interesting to think about.
Good watch:
Down nearly 40% and busted through some good support levels. Like I mentioned above 17B content spend I just heard on CNBC. It's just a capital intensive biz and I don't think they have a clue of what might stick or not. Lot of spend but quite a bit of uncertainty of what the return on that spend will be.
Maybe it can catch a bid in the 175-200 range for a bounce, who knows.
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I just bought WBD on the Netflix/sector weakness. I think WBD has the best content library in the biz and that includes DIS. All I needed to do is watch Moon Knight on DIS and WBD is heads and shoulders above. Also bought MTCH = I don’t believe recession and inflation will stop people from wanting to f&@k.
Definitely looks like <200 is a possibility. Still, earnings and revenue are both up. So.....
Overreaction?
I think WBD is good because of HBO/Warner. They have a nice history of putting out quality content. I don't think much of Discovery honestly. I think Netflix, Disney, WBD will be the top 3 streamers...maybe AAPL if they took it seriously because they have the pockets but I don't know if they have the talent, although CODA was a nice feather in their cap. But there has to be a balance between spend and return for all of them whether they have good franchises or not.
It's so easy to turn off and on these services and with account sharing, I think you have to be wary of how far you go and how much you spend. It's just the nature of the beast and the biz, regardless of content quality or not.
MTCH isn't really for my profile. For recession/inflation I stick with staples and I have owned a bunch of them for many years. PG nice earnings this morning. Pricing power seems to be holding. I mentioned CL around 73ish and possibly at the bottom of a trading range and it's gone just above 80 recently. Utilities on fire too, own a few of those too for a long long time. VZ a little bit of a bounce off that 48-51 level I mentioned. Safety/dividends are the "in thing" for the moment. I hold them because they suit my conservative nature whether the market is booming or not.
There's always a chance for a bounce sooner or later but it's tough environment they're operating in and I think they will likely still be one of the top dogs in streaming. So long term, I think they should be fine as a streamer. I kind of think their days as a top growth company in this kind of capital intensive competitive environment are likely going away to some degree. So they probably have to be rerated in that sense.
If anyone joined this trade, congratulations... you have almost quadrupled your money in less than 2 weeks with still 30 days to go until expiration. I have chosen to roll up my call to the $165 call for 05/20/22. I am now only playing with house money and have banked an additional $150,000 in profit. Not bad for 2 weeks.
As for NFLX, buying it today would be the very definition of trying to catch a falling knife. When a stock gets a premium multiple for being a market disrupter and growth, it needs to perform. Not only did Netflix stop growing, it contracted. I trust Reed Hastings will come up with a tremendous plan to fix this, but IMHO, this is a no touch until a concrete plan is developed and turnaround is achieved.
If only I played in options lol but alas it’s not for me. Congrats and more importantly thanks for specifics and giving the potential trade in “real time”
Subs declined, but EPS was still the 2nd best qt, in the companies history, and a significant beat over expectations.
Current p/e of 20x, so no longer a premium multiple.
Though I agree, need to see a plan.
Little wary of similar pull fwd leading to declining growth in pinterest.
So I've been mulling Zillow for a bit. Currently sitting at what looks like a pretty solid support level. A level which had previously held as resistance for 3 years prior to covid.
The big recent issue for them(aside from the stock being carried in the post covid hysteria) is that it tried getting into the real estate market, reversed course and have been selling off it's inventory of houses.
Because of that they posted a loss the last 2 quarters, but the more recent of those 2 was a pretty significant beat. And I would think with the real estate market continuing to spiral upward, we could see another solid beat, perhaps returning the company to profitability.
Current expectations, with the company returning it's focus to on-line advertising as it's source of rev's, is for 1.77 eps in 2022, and very solid growth beyond that.
I can see why the NFLX's of the world, or ZM, PINS, oe even AMZN, had a pull fwd effect that is now giving back some of those gains, but I feel Zillow could be immune to that.
The big recent issue for them(aside from the stock being carried in the post covid hysteria) is that it tried getting into the real estate market, reversed course and have been selling off it's inventory of houses.
Because of that they posted a loss the last 2 quarters, but the more recent of those 2 was a pretty significant beat. And I would think with the real estate market continuing to spiral upward, we could see another solid beat, perhaps returning the company to profitability.
Current expectations, with the company returning it's focus to on-line advertising as it's source of rev's, is for 1.77 eps in 2022, and very solid growth beyond that.
I can see why the NFLX's of the world, or ZM, PINS, oe even AMZN, had a pull fwd effect that is now giving back some of those gains, but I feel Zillow could be immune to that.
All streaming services need to pivot from only caring about # of subs to also being about rev per sub. At the end of the day, it's about making money!
Not a shareholder or anything and never have been but I kind of agree with that as far as the car company goes. I can't tell you the timeframe but right now they have first mover advantage but you'd think somewhere down the line the Americans, Germans, Japanese, Koreans will catch up and then Tesla is one of a bunch of options.
Counterpoint to that is if their battery technology can go beyond cars then it still might have some premium value in the future too, similar to DIS being more than just Disney+ etc.. Is that the case or not for TSLA, I don't know.
Speaking of TSLA
www.cnbc.com
Tesla reports $18.76 billion in revenue and record margins in Q1
Revenue growth was driven in part by an increase in the number of cars Tesla delivered, and an increase in average sales prices
KABOOM! Huge beats. Well done by TSLA.Speaking of TSLA
Tesla reports $18.76 billion in revenue and record margins in Q1
Revenue growth was driven in part by an increase in the number of cars Tesla delivered, and an increase in average sales prices
Tesla just reported first-quarter earnings for 2022 and beat analysts’ expectations on the top and bottom lines. Here are the key numbers.
- Earnings per share: $3.22 vs $2.26 expected
- Revenue: $18.76 billion vs $17.80 billion expected
Automotive revenue reached $16.86 billion, up 87% from the same period last year. Automotive gross margins jumped to 32.9% with Tesla reporting gross profit of $5.54 billion in its main segment. Regulatory credits accounted for $679 million of automotive revenue for the quarter.
By the time the other "competitors" catch-up, the EV pie will be 5x bigger. TSLA's lead is growing, not shrinking. Have you checked on F lately? Complete disaster of a company right now.
