Tesla’s Job Cuts

According to the notice that the automaker provided to Sacramento, Tesla intends to begin laying off 601 of its employees based in Northern California on June 20. The job cuts will affect employees at the company’s Palo Alto facility and Fremont plant. At Palo Alto, the firm assembles its powertrain equipment and directs companywide engineering activities. The vast majority of the company’s EVs are assembled in Fremont.

In late April, Musk cut all 501 of Tesla’s employees responsible for managing the company’s Superchargers. However, Bloomberg recently reported that the automaker had begun rehiring a number of these employees. Among those who have rejoined the firm is its director of charging for North America. Bloomberg noted that it was unsure how many of the Supercharger workers had been rehired.

Musk had stated last month that his automaker intended to dismiss over 10% of its 140,000 global employees. However, Reuters reported, citing unnamed sources, that the CEO subsequently decided to lay off 20% of the workforce.

TSLA Stock: What Investors Should Watch Going Forward

In recent months, Tesla’s sales have been dropping as it deals with tougher competition globally and increased anti-EV sentiment in the U.S. Musk’s controversial political views and policies implemented at X (formerly Twitter) aren’t helping. His actions have angered a significant portion of his potential customer base and are also likely negatively impacting Tesla’s performance here.

Finally, the American media has recently begun disseminating a large number of negative articles about Tesla, and that unfavorable coverage is also likely weighing on TSLA’s performance.

To counter these negative catalysts, Musk is looking to improve the company’s advanced driver assistance systems (ADAS).

The owners of TSLA stock and those thinking of buying the shares should monitor these negative catalysts and the extent to which they are hurting Tesla’s sales. Over the longer term, they should gauge the extent to which the company’s ADAS improvements are boosting Tesla’s financial results.

On the date of publication, Larry Ramer did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the ÎÞëÊÓƵ.com Publishing Guidelines

Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel’s largest business newspaper, Globes. Larry began writing columns for ÎÞëÊÓƵ in 2015. Among his highly successful, contrarian picks have been SMCI, INTC, and MGM. You can reach him on Stocktwits at @larryramer.

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Beyond that, investors can look to domestic macroeconomic forces as a reason to believe in Chinese equities. Recent signs of a cooling labor market stoked hopes for rate cuts pushing Chinese shares higher in the process.

All of the news is suggestive of the idea that fear surrounding Chinese stocks is overblown. For investors willing to back that notion, these Chinese stocks to buy arestrong choices.

PDD Holdings (PDD)

PDD Holdings (NASDAQ:PDD) is one of the strongest Chinese stocks to buy on the strength of its Temu business segment.

Overall, PDD Holdings grew by nearly 90% in 2023 on a top line basis. The company saw its bottom line grow by a similar rate during the same period. Meanwhile, the company is expecting approximately 50% growth this year. It is squarely in the hyper-growth category and continues to be undervalued due to its origins.

Forward earnings are priced at below 16. That is lower than the current price for a dollar of earnings suggesting that analysts believe the share price will rise in the future. 

The company has a real winner on its hands with Temu. It has become one of the most popular apps available.

The stock is also one of the best performing Chinese stocks over the past year. As you may have suspected, grouping of equities has performed quite poorly overall. PDD shares are one of few exceptions for good reason.

Baidu (BIDU)

Allow me to offer a simple but powerful narrative about Baidu (NASDAQ:BIDU) and its stock. Investors who follow the logic are likely to quickly recognize the inherent value of investing in the company at this moment.

In 2023 Baidu’s revenues increased by 9% while net income nearly tripled, rising 169%. Yet, share prices have fallen by more than 6% over the last 12 months. There’s an inherent disconnect between the two suggesting a lot of value in Baidu’s shares at the moment.

If that simple but powerful narrative is not compelling enough then also consider artificial intelligence. Baidu’s AI chatbot tool currently has more than 200 million users. The company is considered to be the Chinese equivalent of Alphabet’s (NASDAQ:GOOG, NASDAQ:GOOGL) Google, mirroring the company in many ways. 

It’s that combination of undervalued pricing and artificial intelligence potential that makes Baidu particularly compelling as an investment. It’ll remain one of the best Chinese stock opportunities through the current tense period characterizing markets.

Li Auto (LI)

It’s exceedingly easy to find reason to be bearish about Li Auto (NASDAQ:LI) and other Chinese EV stocks. 

The Chinese domestic EV market is slowing while competition heats up. There are now more than 100 domestic EV producers. That will put downward pressure on vehicles from leading firms including Li Auto.

Furthermore, the Biden Administration is considering increasing tariffs on Chinese EVs in the run up to the election. American protectionism is another negative sign which could easily galvanize investors to avoid Chinese EV stocks altogether.

Yet, there are compelling reasons to consider Li Auto in particular as perhaps the best Chinese EV stock. The company is the first in its segment to turn a profit. The company produces primarily hybrid vehicles. The fact that it reached profitability first provides a strong use case for hybridization as the best overall strategy.

The company’s April delivery figures were flat Li Auto will commence large-scale deliveries of its plug-in hybrid electric L6 model in May. There’s a lot to look forward to.

On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the ÎÞëÊÓƵ.com Publishing Guidelines.

Alex Sirois is a freelance contributor to ÎÞëÊÓƵ whose personal stock investing style is focused on long-term, buy-and-hold, wealth-building stock picks. Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing.

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A recent study by Deloitte highlights a robust outlook for the sector.  Fueled by global developments, the U.S. defense budget has climbed 3.2% year-over-year (YOY) to a staggering $842 billion for 2024. Another study projects a compound annual growth rate (“CAGR”) of 8.2% for the A&D sector worldwide from 2023 to 2030. Thus, this article introduces three aerospace & defense stocks to buy to capitalize on this dynamic industry.

Lockheed Martin (LMT)

The global A&D behemoth Lockheed Martin (NYSE:LMT) operates through four main segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems and Space. Its products include fighter jets, combat vehicles, missile defense systems, satellites and next-generation hypersonic weapons.

In late April, the defense technology company reported mixed financial results for the first quarter. Net sales reached $17.2 billion, reflecting a 13.9% YOY increase. But net earnings declined 11.8% compared to the previous year and came in at $1.5 billion. Diluted earnings per share (“EPS”) stood at $6.33, a 1.6% drop compared to the previous year quarter. Investors noted management has allocated $700 million into research and development (R&D) with the aim focusing on innovation and technology leadership .

Meanwhile, Lockheed Martin won the competitive bid for the Missile Defense Agency’s (“MDA”) Next Generation Interceptor (“NGI”) program. This development positions Lockheed Martin as the prime contractor responsible for delivering the nation’s most advanced homeland missile defense capability to date. Many analysts point out Lockheed Martin’s ability to secure new contracts, particularly in high-growth areas like space and advanced missile systems.

LMT stock has gained 2.8% year-to-date (“YTD”) and currently trades near 1-year highs. Yet, its valuation remains compelling at 18.2 times forward earnings and 1.67 times sales. In addition, shares currently have a robust 2.69% dividend yield. Analysts have a 12-month price target of $491.47 for LMT, suggesting potential upside of 5% from current levels. Interested investors can wait for a pull back towards $460 to initiate positions.

General Dynamics (GD)

Another top stock pick among aerospace & defense stocks to buy is General Dynamics (NYSE:GD), whose operations span across four major segments: Aerospace, Marine Systems, Combat Systems and Technologies. Meanwhile, its products include combat vehicles, nuclear-powered submarines, business jets, communication systems and munitions.

Wall Street was pleased with the recent earnings results as revenue climbed to $10.7 billion, marking an 8.6% increase from the previous year. Net earnings reached $799 million, a 9.5% surge compared to the prior-year quarter. This strong performance translated to diluted EPS of $2.88, representing a 9.1% YOY growth. General Dynamics’ profitability metrics are equally impressive. A gross profit margin of over 15% and an operating margin of over 9% indicate efficient management and strong pricing power.

In late March, Gulfstream Aerospace, a wholly owned subsidiary of General Dynamics, announced a significant milestone for its business aviation segment. The all-new Gulfstream G700 has successfully achieved Federal Aviation Administration (“FAA”) type certification. Management has already announced the first customer deliveries of the Gulfstream G700. Additionally, the increased demand for Combat Systems products, particularly from European and U.S. markets, and the expansion in the Marine Systems segment driven by U.S. Navy’s needs, are pivotal growth areas.

So far in 2024, GD stock has appreciated a robust 15% and is currently trading at all-time highs and offering a 1.92% dividend yield. Shares are changing hands at 20.4 times forward earnings and 1.9 times sales. And Wall Street remains optimistic for the prospects of GD stock with a 12-month median price forecast of $316. Such an up move could potentially mean an almost 7.5% increase in GD price.

iShares US Aerospace & Defense ETF (ITA)

Rounding out our discussion on A&D investments is the iShares US Aerospace & Defense ETF (NYSEARCA:ITA) an industry-focused fund. Since its inception in May 2006, net assets have grown close to $6.4 billion.

Among ITA’s 34 holdings, the top 10 names comprise about three-quarters of the fund. This concentration of heavyweights allows investors to tap into the performance of industry leaders like RTX (NYSE:RTX), Boeing (NYSE:BA), Lockheed Martin, Howmet Aerospace (NYSE:HWM), and TransDigm Group (NYSE:TDG). These companies are the backbone of the sector, driving innovation and shaping the future of A&D.

Since the beginning of the year, ITA has gained 7.1%, and it offers a dividend yield of 0.82%. Meanwhile, the fund’s trailing price-to-earnings (P/E) ratio stands at 31.2x. Given the geopolitical environment and growing importance of aerospace and defense, we’re bullish on the ITA, but would consider buying after a pullback towards the $125 level. Finally, interested investors should also note the annual expense ratio of 0.95%.

On the date of publication, Tezcan Gecgil did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the ÎÞëÊÓƵ.com Publishing Guidelines.

Tezcan Gecgil, PhD, began contributing to ÎÞëÊÓƵ in 2018. She brings over 20 years of experience in the U.S. and U.K. and has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Publicly, she has contributed to investing.com and the U.K. website of The Motley Fool.

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• Bone Biologics reported earnings per share of -$1.31. This was above the analyst estimate for EPS of -$7.60.
• The company did not report any revenue for the quarter.

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• Sharps Technology reported earnings per share of -5 cents. This was below the analyst estimate for EPS of -4 cents.
• The company did not report any revenue for the quarter.

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• Gaxos.AI reported earnings per share of -91 cents.
• The company reported revenue of $19.

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• Adial Pharmaceuticals reported earnings per share of -$2.19. This was below the analyst estimate for EPS of -35 cents.
• The company did not report any revenue for the quarter.

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• Escalon Medical reported earnings per share of -2 cents.
• The company reported revenue of $2.70 million.

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• Cadiz reported earnings per share of -12 cents.
• The company reported revenue of $1.12 million.

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• CervoMed reported earnings per share of -41 cents. This was below the analyst estimate for EPS of -39 cents.
• The company reported revenue of $2.35 million.
• This was 73.85% better than the analyst estimate for revenue of $1.35 million.

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• Capstone Companies reported earnings per share of -1 cent.
• The company reported revenue of $5,450.

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• Hoth Therapeutics reported earnings per share of -46 cents. This was below the analyst estimate for EPS of -43 cents.
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• WaveDancer reported earnings per share of -33 cents.
• The company reported revenue of $1.92 million.

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• ProMIS Neurosciences reported earnings per share of -19 cents. This was above the analyst estimate for EPS of -20 cents.
• The company did not report any revenue for the quarter.

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• FibroBiologics, Inc. – Common Stock reported earnings per share of -27 cents.
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• Acurx Pharmaceuticals reported earnings per share of -28 cents. This was below the analyst estimate for EPS of -24 cents.
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• Conduit Pharmaceuticals reported earnings per share of -5 cents.
• The company did not report any revenue for the quarter.

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• Westwater Resources reported earnings per share of -5 cents.
• The company did not report any revenue for the quarter.

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• MAIA Biotechnology reported earnings per share of -46 cents. This was below the analyst estimate for EPS of -39 cents.
• The company did not report any revenue for the quarter.

ÎÞëÊÓƵ Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. ÎÞëÊÓƵ Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

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• Flanigan’S Enterprises reported earnings per share of $1.04.
• The company reported revenue of $48.07 million.

ÎÞëÊÓƵ Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. ÎÞëÊÓƵ Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

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• Sonnet BioTherapeutics reported earnings per share of 7 cents. This was below the analyst estimate for EPS of 13 cents.
• The company did not report any revenue for the quarter.

ÎÞëÊÓƵ Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. ÎÞëÊÓƵ Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

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• Sonim Technologies reported earnings per share of -7 cents. This was below the analyst estimate for EPS of -3 cents.
• The company reported revenue of $16.78 million.
• This was 6.80% worse than the analyst estimate for revenue of $18.00 million.

ÎÞëÊÓƵ Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. ÎÞëÊÓƵ Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

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The post SONM Stock Earnings: Sonim Technologies Misses EPS, Misses Revenue for Q1 2024 appeared first on ÎÞëÊÓƵ.

• Paramount Gold Nevada reported earnings per share of -3 cents.
• The company did not report any revenue for the quarter.

ÎÞëÊÓƵ Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. ÎÞëÊÓƵ Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

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The post PZG Stock Earnings: Paramount Gold Nevada Reported Results for Q3 2024 appeared first on ÎÞëÊÓƵ.

• Pasithea Therapeutics reported earnings per share of -$3.70.
• The company did not report any revenue for the quarter.

ÎÞëÊÓƵ Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. ÎÞëÊÓƵ Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

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The post KTTA Stock Earnings: Pasithea Therapeutics Reported Results for Q1 2024 appeared first on ÎÞëÊÓƵ.

• DatChat reported earnings per share of -56 cents.
• The company reported revenue of $131.

ÎÞëÊÓƵ Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. ÎÞëÊÓƵ Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

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The post DATS Stock Earnings: DatChat Reported Results for Q1 2024 appeared first on ÎÞëÊÓƵ.

• CEA Industries reported earnings per share of -11 cents.
• The company reported revenue of $234,506.

ÎÞëÊÓƵ Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. ÎÞëÊÓƵ Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

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The post CEAD Stock Earnings: CEA Industries Reported Results for Q1 2024 appeared first on ÎÞëÊÓƵ.

• BTCS reported earnings per share of 63 cents.
• The company reported revenue of $385,773.

ÎÞëÊÓƵ Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. ÎÞëÊÓƵ Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

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The post BTCS Stock Earnings: BTCS Reported Results for Q1 2024 appeared first on ÎÞëÊÓƵ.

• Nouveau Monde Graphite reported earnings per share of -32 cents. This was below the analyst estimate for EPS of -7 cents.
• The company did not report any revenue for the quarter.

ÎÞëÊÓƵ Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. ÎÞëÊÓƵ Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

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• It doesn’t matter if you have $500 or $5 million. Do this now.

The post NMG Stock Earnings: Nouveau Monde Graphite Misses EPS for Q1 2024 appeared first on ÎÞëÊÓƵ.

• Predictive Oncology reported earnings per share of -$1.04.
• The company reported revenue of $419,646.

ÎÞëÊÓƵ Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. ÎÞëÊÓƵ Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

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The post POAI Stock Earnings: Predictive Oncology Reported Results for Q1 2024 appeared first on ÎÞëÊÓƵ.

• First Wave BioPharma reported earnings per share of 38 cents. This was above the analyst estimate for EPS of -$2.43.
• The company did not report any revenue for the quarter.

ÎÞëÊÓƵ Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. ÎÞëÊÓƵ Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

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It doesn’t have the money to make cars, but with 95% of the stock being held short, it’s a perfect candidate for a short squeeze. That’s what meme stock trades are all about.

Small traders sent shares up 367% on May 14 to squeeze out Faraday shorts. The stock doubled again overnight. Just don’t get too excited about the underlying business. At its opening price this morning of 54 cents, it’s still worth under $24 million.

Pennies From Shorting

I have written about Faraday several times. It came public through a Special Purpose Acquisition Company (SPAC) in 2021 and lost 98% of its value by December 2022.

Faraday wasted years changing management from American to Chinese. By the time it began making its FF91 in China, luxury EVs were out of style. Management complained of “market manipulation” as shares continued their race into penny stock territory last year.

Buying this stock may be nuts, but that’s not the point, my friend.

The point is that some investors decided to get in on Faraday’s collapse and sold short. After Keith Gill, alias “Roaring Kitty,” said the short squeeze game was back on, small traders began looking for squeeze candidates. FFIE fit the bill perfectly.

As fellow ÎÞëÊÓƵ contributor Chris MacDonald writes, FFIE was a “runaway train” on May 14. All the things that make it a horrible investment, like its fight to avoid eviction from its headquarters, were suddenly opportunities.

The excitement continued overnight, as our William White writes. Sentiment is extremely bullish at Stocktwits, with many expecting a move to $1 or even $2 per share.

FFIE Stock: What Happens Next?

At some point, the music stops. Shorts take their medicine and exit their losing positions. That’s when you want to exit this trade because Faraday, as a company, has no future.

On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, ÎÞëÊÓƵ does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that ÎÞëÊÓƵ.com’s writers disclose this fact and warn readers of the risks. 

Read More: Penny Stocks — How to Profit Without Getting Scammed 

On the date of publication, Dana Blankenhorn did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the ÎÞëÊÓƵ.com Publishing Guidelines.

Dana Blankenhorn has been a financial and technology journalist since 1978. He is the author of Technology’s Big Bang: Yesterday, Today and Tomorrow with Moore’s Law, available at the Amazon Kindle store. Tweet him at @danablankenhorn, connect with him on Mastodon or subscribe to his Substack.

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The post Faraday Future (FFIE) Stock Adds Another 100% in Giant Short Squeeze Rally appeared first on ÎÞëÊÓƵ.

“Core” inflation, which excludes the volatile Food and Energy categories, increased 0.3% over the month, snapping a 3-month streak of 0.4% monthly increases. This lowered the annual core rate to 3.6% from 3.8%, also in line with projections.

Surprisingly, shelter and gasoline costs made up more than 70% of the total inflation across all items. Indeed, energy costs jumped 1.1% in April, while shelter costs increased 0.4%.

As usual, the CPI’s importance lies in its implications for the Federal Reserve’s monetary policy trajectory. Many on Wall Street have eagerly waited for the Fed to follow through on its promise to cut the benchmark rate three times this year, to no avail thus far. Unfortunately, today’s data will likely do little to move the scale.

What Does the April CPI Mean for Rate Cuts This Year?

While the CPI showed a slight deceleration in inflation from March to April, following yesterday’s disappointingly hot producer price index (PPI) report, it’ll take more than one mildly promising inflation reading to push the Fed towards rate reductions.

Indeed, wholesale prices increased at their fastest rate in a year in April. As producers pay more to manufacture goods, these steeper costs tend to be passed over to consumers via higher prices. As such, some believe consumer inflation may get worse before it gets better. Because of this, the Fed will likely be looking for several months of continued disinflation before opting to cut rates.

With inflation continuing to prove stubborn, the central bank will likely keep rates elevated. Some have already abandoned the idea of a rate cut this summer, holding out hope that the first rate reduction will come in September. Others believe the Fed may not cut rates at all this year.

This includes Fed Governor Michelle Bowman, one of the most notoriously hawkish members of the Federal Open Market Committee (FOMC).

“I, at this point, have not written in any cuts” for 2024, Bowman told Bloomberg News earlier this week. “I’ve sort of had an even expectation of staying where we are for longer. And that continues to be my base case.”

According to the CME FedWatch Tool, interest rate traders are pricing in a less than 9% chance of a cut at the upcoming June policy meeting and a roughly 33% chance of a cut in July.

On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the ÎÞëÊÓƵ.com Publishing Guidelines.

With degrees in economics and journalism, Shrey Dua leverages his ample experience in media and reporting to contribute well-informed articles covering everything from financial regulation and the electric vehicle industry to the housing market and monetary policy. Shrey’s articles have featured in the likes of Morning Brew, Real Clear Markets, the Downline Podcast, and more.

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The post April CPI Report Shows Cooling Inflation But Does Little to Solve Rate Cut Worries appeared first on ÎÞëÊÓƵ.

This time last year, I recommended three stocks that had fallen by 10% or more in the previous week’s trading: Airbnb (NASDAQ:ABNB), PayPal (NASDAQ:PYPL), and Sonos (NASDAQ:SONO). They’ve gained 38.98%, 2.01%, and 6.13% respectively over the past year. If you bought an equal amount of each stock, you’d be up 15.71%, significantly less than the 26.64% gain of the S&P 500.    

It’s a big reason buying the index isn’t a bad idea. Buying on the dip doesn’t work for every stock.

With that in mind, the three stocks to buy this May that fell 10% or more last week should have solid businesses and even stronger financial statements. 

That’s not going to be easy. According to Finviz.com, 51 stocks with a market capitalization of $2 billion or more declined 10% last week. That’s less than 3% of the 1,921 eligible companies.  

Alpha Metallurgical Resources (AMR)

Alpha Metallurgical Resources (NYSE:AMR) lost 13.73% over the past week. That puts it down more than 4% for 2024 but still up 26% over the past year. 

Alpha operates 21 underground and surface coal mines in Virginia and West Virginia, selling its products to steel businesses in more than 25 countries worldwide. Its May 2024 presentation indicates that it has 303 million tons of coal reserves.

In 2023, the global demand for steel bottomed at 1.76 million metric tons. However, over the next two years, it’s expected to rise to 1.82 million, with a big push from India, which accounts for 37% of the company’s export sales. 

In 2023, it produced 16.7 million tons of coal, generating $3.5 billion in revenue and $863.1 million in operating income. While this was down significantly from 2022, it still had an operating margin of nearly 25%.

As demand picks up, profits will also increase. 

It trades at 10.1x its 2024 earnings-per-share estimate of $28.29 and 8.3x its 2025 EPS of $34.27.

Atkore (ATKR)

Atkore (NYSE:ATKR) lost 11.37% over the past week. That puts down over 4% for 2024 but is still up 26% over the past year.

Atkore makes electrical, mechanical, safety, and infrastructure products and solutions for nearly every type of construction application, from maintenance to entirely new structures.

Like many industrial companies, its sales have slowed in 2024 due to a return to more historically average product prices. As a result, its gross margin in Q2 2024 was 36.8%, 260 basis points lower than a year earlier. That reduced its adjusted EBITDA by 23.2% to $211.9 million, or 26.7% of its quarterly revenue. 

For all of 2024, it expects adjusted EBITDA and adjusted EPS of $875 million and $16.50, respectively. Adjusted EBITDA will have fallen by 35% by the end of 2024 from $1.34 billion at the end of 2022, while its two-year decline in adjusted EPS is projected to be 23% lower than $21.50 a share at the end of 2022.  

Interestingly, despite a market cap nearing $6 billion, only five analysts cover its stock. Four of the five rate it a buy with a target price of $190, 22% higher than where it’s currently trading.  

It’s a diamond in the rough. 

Builders FirstSource (BLDR) 

Builders FirstSource (NYSE:BLDR) lost 14.73% over the past week. That leaves it up 1% for 2024 and 44% over the past year. 

The company is one of the top suppliers of building materials in the U.S., with 570 distribution and manufacturing locations across 43 states. I first recommended BLDR stock in January 2022. Its business was so strong it had the opportunity to double in the year ahead. It failed to do so, more than making up for it in 2023, gaining 157%.

It’s possible 2024 could be another down year, with the economy returning to gains in 2025 when interest rates fall and new construction accelerates. 

The company recently reported its Q1 2024 results. It beat the top and bottom lines with revenue of $3.89 billion, $67 million higher than the estimate, and EPS of $2.65, 35 cents higher than the consensus.  Unfortunately, investors were disappointed in the results. Its shares fell 17% on the news. 

That doesn’t make any sense to me, given it reiterated its 2024 revenue guidance of $18.0 billion at the midpoint, 5.3% higher than in 2023. However, it does project an adjusted EBITDA margin of 14.5%, 250 basis points less than in 2023.

Furthermore, it’s a sign the construction market overheated in 2022 and 2023. A return to more historical norms makes sense. Of the 16 analysts covering its stock, 11 rate it a buy, with a $205 target price, 23% higher than where it’s currently trading. 

On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the ÎÞëÊÓƵ.com Publishing Guidelines.

Will Ashworth has written about investments full-time since 2008. Publications where he’s appeared include ÎÞëÊÓƵ, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.

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The post Buy the Dip: 3 Stocks to Snap Up on Last Week’s 10% Drop appeared first on ÎÞëÊÓƵ.

The bull case for a more aggressive approach to investing in the stock market is based on several factors. First, Fed chair Jerome Powell stated that the institution’s next move will unlikely be a rate hike. Second, we’re coming off an incredibly encouraging first quarter (Q1) of earnings, which comfortably surpassed analyst expectations. Hence, given the two positive catalysts, it’s perhaps a perfect time to loosen up and dive into the speculative world of penny stocks.

Penny Stocks to Buy: Grab Holdings (GRAB)

Singapore-based Grab Holdings (NASDAQ:GRAB) is riding the wave of Southeast Asia’s digital revolution with its robust super app. Similar to Uber (NYSE:UBER), its super app offers multiple services, including ride-hailing, parcel delivery, and financial services such as payments and insurance. With a one-stop solution, it streamlines user interactions by essentially consolidating a swath of services through its app.

It operates a hyper-growth business that’s left its competition in the dust, effectively positioning it as a giant in its niche. Revenues have grown by an average of 120% over the past five quarters while making significant strides towards net profitability. Its net loss last year came in at $434 million, compared to $1.68 billion in 2022, representing a healthy 74% improvement.

Furthermore, it still has a long growth trajectory ahead of it, with the stellar expansion in the Southeast Asian internet economy. Last year, the sector was valued at a whopping $218 billion, which forms roughly 6.3% of Grab’s current market cap.  Hence, its still early days in Grab’s development, which significantly adds to the excitement surrounding the business.

Niu Technologies (NIU)

Niu Technologies (NASDAQ:NIU) emerges from the vibrant streets of China as an innovative EV player specializing in electric scooters. It offers a fresh perspective into the fiercely competitive electric mobility arena. However, the company has effectively set itself apart from its competition through advancements in scooter technology, sleek designs, and strategic marketing initiatives.

However, like its peers in the EV realm, the company has struggled with demand over the past year. Consequently, we saw the stock nosedive last year by a hefty 37%, and it is now changing hands for under $2.50. Moreover, it’s down more than 95% from its all-time price of $49, which it achieved in February 2021. To refresh your memory, 2021 was a period of robust activity for the EV sector driven by Special Purpose Acquisition Companies (SPACs).

Nevertheless, Niu’s recent results have shown a return to form. In Q1 2024, it sold 129,139 scooters, a substantial jump from the 94,407 units sold in the prior-year period. These numbers are attributable to its new models, particularly its premium flagship model NXT, and an expansion in sales channels. Moreover, based on analyst estimates, it is forecasted to post $471 million in sales this year, a 26% improvement from last year.

Rigetti Computing (RGTI)

Rigetti Computing (NASDAQ:RGTI) is an up-and-coming player in the quantum computing space. It produces and deploys quantum computers and processors and offers quantum computing as a service.

RGTI stock surged over 130% last year, benefiting from the market’s risk-on sentiment. Moreover, it kept the same momentum this year, with year-to-date (YTD) gains of 18%, significantly ahead of the S&P 500’s 9.5% gain.

Clearly, the gains last year had little to do with its fundamentals, with sales dropping from $13.1 million in 2022 to $12 million last year. However, it witnessed a snapback during the first- quarter (Q1), generating $3.1 million in sales, roughly 41% higher than the prior-year period. Moreover, analysts are upbeat about its future, expecting sales to come in at $14.55 million this year and $30.78 million in 2025.

Furthermore, it’s imperative to note that Rigetti is operating in a market poised for rapid long-term growth. Fortune Business Insights forecasts that the quantum computing market will grow from $928.8 million in 2023 to $6.53 billion by 2030, exhibiting a CAGR of 32.1%.

On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the ÎÞëÊÓƵ.com Publishing Guidelines.

Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University.

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• Auddia reported earnings per share of -$1.98.
• The company did not report any revenue for the quarter.

ÎÞëÊÓƵ Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. ÎÞëÊÓƵ Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

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• Precipio reported earnings per share of -$1.46. This was below the analyst estimate for EPS of -70 cents.
• The company reported revenue of $3.43 million.
• This was 29.96% worse than the analyst estimate for revenue of $4.90 million.

ÎÞëÊÓƵ Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. ÎÞëÊÓƵ Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

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• Fresh Vine Wine reported earnings per share of -8 cents.
• The company reported revenue of $104,568.

ÎÞëÊÓƵ Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. ÎÞëÊÓƵ Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

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Let’s get the obvious catalyst out of the way. On Sunday, Keith Gill – who goes by the online moniker Roaring Kitty – shared a series of social media posts for the first time in three years. Investors quickly interpreted this as his official return to spearhead a new rally. Subsequently, a number of original meme stocks skyrocketed when the market opened on Monday.

However, it wasn’t just the memes that enjoyed a robust swing higher. Ideas that are popular with retail investors – such as HOOD stock – also benefited. With Robinhood’s trading app enabling regular folks quarantined during the worst of the Covid-19 outbreak easy access to the equities and cryptocurrency markets, it’s no shock to see HOOD march northward.

Still, it’s important to note that Robinhood is more than just a meme beneficiary.

Enticing Fundamentals Support Robinhood’s Upside Narrative

First, multiple reports indicate that soaring inflation and a crypto winter haven’t permanently dented individual interest in investing. If anything, people are more eager to participate in the capital markets. That’s good for HOOD stock.

Another element that favors Robinhood’s core business is artificial intelligence. With advanced chatbots like ChatGPT, investors can acquire ideas from AI. More importantly, they can ask questions, thus bolstering their know-how through hands-on experience. This too should benefit HOOD stock.

And powerfully, retail investors are taking on a relatively high-risk profile when they participate in the markets. That’s largely due to a range of personal and sociological factors. At the same time, there’s a brewing sense of financial fatalism. In other words, people nowadays need to take big risks in order to have a chance of reaching the American Dream.

That can be a dangerous sentiment if left unchecked. However, it’s also a major catalyst for Robinhood stock.

Trade of the Day: Buy HOOD Stock Call Options

With the combination of the meme trade and the fundamentals in mind, it’s possible that HOOD stock can continue to rise. For the trade of the day, I’m looking at Robinhood call options, specifically the 20 Sept. 2024 $20 call.

First, what makes this derivative attractive is the relatively high demand. On Tuesday, volume soared to 1,136 contracts, while open interest stood at 5,444 contracts. Further, the implied volatility of this contract was 63.81%, which is a relatively modest premium to HOOD’s historical volatility of 51.25%. With the modest gap between the two metrics, there may be an incentive to buy the contract rather than to sell it.

Second, the high volume of the $20 call relative to the $19 call (which saw volume of only 313 contracts) with the same expiration date may be due to the psychological tendency of humans to prefer whole, round numbers.

One final note of caution: Robinhood stock features a 60-month beta of 1.74x, which is much more volatile than the benchmark index. Therefore, if you secure a nice profit, you may want to consider booking it and moving on.

On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the ÎÞëÊÓƵ.com Publishing Guidelines.

A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.

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The post Trade of the Day: Robinhood (HOOD) Stock Is More Than Just a Meme appeared first on ÎÞëÊÓƵ.

That earnings report includes an operating loss of $2.7 million. That’s wider than the $1.5 million operating loss from the same period of the year prior.

This also comes alongside a gross profit of $4.5 million in Q1 2024. That’s down from the company’s gross profit of $4.6 million reported in the first quarter of 2023.

One positive is Castellum’s revenue of $11.3 million during the quarter. That’s better than Wall Street’s estimate of $11.09 million. It’s also an improvement over the $9.94 million reported in Q1 of the prior year.

Castellum president and CEO Mark Fuller said the following in the earnings report.

“With two important financing transactions completed, we dramatically cut our short term debt, while investing in business development and slightly growing revenue. We continue to look forward to converting our large pipeline of opportunities into contract wins, improving our profitability and RCOP, and continuing to improve our balance sheet over the rest of 2024 and into 2025.”

CTM Stock Movement Today

CTM stock is down 15.8% as of Wednesday morning. That comes with more than 40,000 shares of the stock changing hands as of this writing. That’s below its daily average trading volume of about 141,900 shares.

There are more stock market stories worth reading about below!

We have all of the hottest stock market news for Wednesday! That includes what’s happening with Virpax Pharmaceuticals (NASDAQ:VRPX) stock, Sintx Technologies (NASDAQ:SINT) stock and Faraday Future (NASDAQ:FFIE) stock today. You can catch up on all of these matters at the following links!

More Stock Market News for Wednesday

• Why Is Virpax Pharmaceuticals (VRPX) Stock Down 61% Today?
• Why Is Sintx Technologies (SINT) Stock Up 113% Today?
• Why Is Faraday Future (FFIE) Stock Up 110% Today?

On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, ÎÞëÊÓƵ does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that ÎÞëÊÓƵ.com’s writers disclose this fact and warn readers of the risks.

Read More: Penny Stocks — How to Profit Without Getting Scammed

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the ÎÞëÊÓƵ.com Publishing Guidelines.

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The post Castellum (CTM) Stock Down 16% Today? appeared first on ÎÞëÊÓƵ.

The flying car stocks to buy discussed in the article have performed disproportionately at the stock market. However, on the operational front, it’s tough to deny their robust progress in commercializing flying cars in their specific markets. These companies are set to launch their commercial operations within the next couple of years, which makes it an excellent time to scoop them on the dip.

Flying Car Stocks to Buy: Archer Aviation (ACHR)

Archer Aviation (NYSE:ACHR) is perhaps the best first name that pops up when considering flying car stocks. However, its stock has seen better days, with it roughly 51% behind its 52-week high of $7.49. It’s lost the bulk of its gain made last year, down more than 40% year-to-date (YTD). However, it’s now trading at a significantly attractive entry point, with Wall-Street analysts expecting a 147% upside from current levels.

Archer probably has the most aggressive growth strategy in its niche. It plans to finish up its large-scale manufacturing plant this year and aims to produce 650 vehicles annually by next year. Moreover, it recently initiated an agreement in Abu Dhabi to expedite the launch of commercial air taxi services throughout the UAE. Additionally, it has its eyes on India, another massive market for its business.

Furthermore, the company already has a massive order book backlog valued at $3.5 billion, which provides strong revenue visibility. Hence, ACHR stock is tough to pass up with so many catalysts in play.

Joby Aviation (JOBY)

Joby Aviation (NYSE:JOBY) is another top player in the flying car space that’s very similar to Archer Aviation. For starters, both companies saw a healthy uptick in value last year before tanking in recent months. Moreover, like Archer, Joby is looking to make significant inroads in the UAE market, with the launch of its air taxi services in Dubai starting in 2026.  Also, it expects to begin commercial services in Los Angeles and New York by 2025. Archer and Joby will be looking to stamp their authority in the domestic market, but in the early stages, expect both to gain substantially.

In other news, Joby has successfully used its production prototype aircraft to effectively gear up for-credit flight testing. Additionally, the firm has expanded its operational capacity by buying out a facility at Dayton International Airport, bolstering its production capabilities to manufacture 500 aircraft on an annual basis. Hence, given its strong progress and promising future, Wall Street analysts forecast a 32% potential increase in the company’s stock price from its current level.

EHang (EH)

EHang (NASDAQ:EH) is perhaps the pick of the eVTOL stocks at this time. It distinguishes itself from the pack, having already commercialized its flying car operations, as well as forming partnerships in major cities globally.

The Chinese eVTOL has witnessed a tremendous surge in sales in the past year, growing its top-line by triple-digit margins. It concluded last year with $16.5 million in sales last year, forecasted to end the year with a substantial $57 million in sales. Moreover, analysts expect EHang to generate an incredible $115 million in sales next year, a testament to its spectacular growth trajectory.

As we advance, the company will be looking to expand its presence in China beyond Guangzhou and Hefei. Moreover, its also looking to bring its eVTOL to the Middle East, forging partnerships similar to Archer and Joby. Hence, EH stock is poised for substantial upside ahead for risk-taking investors.

On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the ÎÞëÊÓƵ.com Publishing Guidelines.

Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University.

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The post 3 Top Flying Car Stocks Set to Soar in This Emerging Market appeared first on ÎÞëÊÓƵ.

Considering the stage of the company’s drug development pipeline, its lack of revenue for the quarter makes sense. However, investors didn’t seem pleased about its earnings per share of -$2.75 for the period.

Investors will also note that Virpax Pharmaceuticals reported growing operating losses during the quarter. That came in at -$3.2 million in Q1 2024, as compared to the -$1.5 million reported in the same period of the year prior.

Virpax Pharmaceuticals CEO Gerald Bruce said the following in the earnings report.

“We are advancing our product candidates while identifying and applying for additional grants as well as pursuing licensing opportunities and engaging in discussions with interested parties. While there are no guarantees that we will be successful, we are encouraged with the ongoing level of interest and activity.”

Recent VRPX Stock Movement

When Virpax Pharmaceuticals reported these results yesterday, the company’s shares started to fall. That saw it close out Tuesday down 19.9% with some 107,000 shares traded. Its daily average trading volume is below that at roughly 28,800 shares.

VRPX stock continues to drop on Wednesday with shares down 60.7% this morning. That comes alongside some 358,000 shares traded.

There are more stock market stories worth reading below!

We have all of the hottest stock market news available on Wednesday! A few examples include what’s sending shares of Sintx Technologies (NASDAQ:SINT) and Faraday Future (NASDAQ:FFIE) stock higher as well as the biggest pre-market stock movers this morning. All of that news is available at the following links!

More Wednesday Stock Market News

• Why Is Sintx Technologies (SINT) Stock Up 113% Today?
• Why Is Faraday Future (FFIE) Stock Up 110% Today?
• Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Wednesday

On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, ÎÞëÊÓƵ does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that ÎÞëÊÓƵ.com’s writers disclose this fact and warn readers of the risks.

Read More: Penny Stocks — How to Profit Without Getting Scammed

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the ÎÞëÊÓƵ.com Publishing Guidelines.

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The post Why Is Virpax Pharmaceuticals (VRPX) Stock Down 61% Today? appeared first on ÎÞëÊÓƵ.

This has more than 71.8 million shares of SINT stock changing hands as of this writing. That’s a massive surge in trading volume compared to the company’s daily average of 35 million shares.

Investors will also note that SINT stock is continuing a rally that started yesterday. That saw its shares close out Tuesday up 41.8%. That also came with heavy trading as 110 million shares were exchanged yesterday.

It’s also worth keeping in mind that Sintx Technologies did report Q1 2024 earnings yesterday. However, the company missed Wall Street’s EPS and revenue estimates for the quarter.

What’s Happening to SINT Stock?

It seems likely that Sintx Technologies is benefiting from the ongoing meme stock rally. That was caused by the return of Roaring Kitty over the weekend. This is the trader that started the 2021 meme stock rally. His recent posts on social media have resulted in another meme stock rally over the last few days.

While SINT wasn’t part of that 2021 rally, the 2024 meme rally is expanding to more stocks than before. This means its possible to be included among the new meme stocks rally.

SINT stock is up 112.7% as of Wednesday morning.

Investors will want to stick around for more of the most recent stock market news!

We have all of the hottest stock market news ready to go on Wednesday! Among that is what has shares of Faraday Future (NASDAQ:FFIE) stock up, the biggest pre-market stock movers and more. All of this news is available at the links below!

More Stock Market News for Wednesday

• Why Is Faraday Future (FFIE) Stock Up 110% Today?
• Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Wednesday
• When the Dust Settles, Cinemark Will Be a Better Bet Than AMC Stock

On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, ÎÞëÊÓƵ does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that ÎÞëÊÓƵ.com’s writers disclose this fact and warn readers of the risks.

Read More: Penny Stocks — How to Profit Without Getting Scammed

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the ÎÞëÊÓƵ.com Publishing Guidelines.

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The post Why Is Sintx Technologies (SINT) Stock Up 113% Today? appeared first on ÎÞëÊÓƵ.

As we look ahead, I expect traditional retail models to continue buckling under the weight of the e-commerce behemoth. Moreover, we’ve seen the e-commerce landscape experience a significant transformation, propelled by AI-powered advancements and the introduction of same-day shipping. This will likely reshape consumer behavior and interactions with brands, highlighting the sector’s massive long-term potential.

Cheap E-Commerce Stocks: Pinterest (PINS)

Social media giant Pinterest (NYSE:PINS) is arguably one of the most compelling comeback stories in its niche. After a rocky couple of years, the platform’s now back posting solid user growth and top-line expansion. Moreover, we’re seeing healthy margin improvements, which could potentially lead to a meaningful increase in free cash flows in the upcoming quarters. Additionally, despite an excellent run-up in PINS stock, it’s still trading more than 50% from its all-time high price of $89.15.

The company’s success is effectively tied to the visionary leadership of CEO Bill Ready, who has steered Pinterest into a social commerce platform. Ready’s enthusiasm for the platform’s robust advertising business, shoppability, and improved content relevance has been a game-changer. Over the past few years, Pinterest has focused its efforts on harnessing its potential to deliver a seamless e-commerce experience.

Recent earnings reports, particularly the latest first-quarter (Q1) results, showed a 23% year-over-year (YOY) revenue surge, with CEO Ready attributing the stellar performance to the platform’s enhanced shoppability.

Shopify (SHOP)

Shopify has been one of the biggest enablers in the eCommerce space, supported by its sturdy ecosystem offering a variety of innovative tools and robust support. Consequently, it has an excellent growth story behind it, having seen its revenues surge almost 50% on average in the past five years.

However, we’ve seen investors rotate out of SHOP stock of late, with concerns over its patchy profitability performance and the broader market challenges. Some have also criticized its pricing, even though it trades significantly behind its historical pricing metrics.

Despite the short-term impact on its stock price, Shopify’s CEO, Tobi Lütke, wants to play the long game with the company. The goal is to build long-term market value instead of chasing short-term profits. A big part of that is its global reach through offerings like Shopify Plus and the integration of AI to significantly boost efficiency. Also, it has significantly expanded its financial services with solutions such as Shopify Capital for small and medium-sized businesses.

Nevertheless, SHOP stock is not for the faint of heart, down 24% year-to-date (YTD). Hence, investors considering SHOP should focus on its long-term prospects and the compelling vision of its CEO.

Jumia Technologies (JMIA)

Jumia Technologies (NYSE:JMIA) is a leading eCommerce brand in the African region that has effectively positioned itself at the forefront of the continent’s digital revolution. In the past five years, we’ve seen Jumia grow at a rapid clip, with top-line exceeding 10% on average. However, the past year or so has been somewhat sluggish as its CEO, Francis Dufay, settled into his role.  However, the outperformance in recent quarters suggests that CEO Dufay’s vision is coming to fruition, with robust growth expected ahead.

Jumia released its Q1 results recently, with sales up 18.4% YOY to $48.9 million. If we exclude the currency fluctuation effect, the company’s sales grew by a whopping 57%. Additionally, gross margins were up to 25% and 67% in constant currency terms. Moreover, Dufay put to rest concerns about Jumia’s significant liquidity drop due to devaluations, explaining that 80% of its cash is held in U.S. dollars.

Furthermore, Q1 saw JumiaPay gaining strong traction, with transactions rising 52% YOY, while its adjusted EBITSA loss contracted by an eye-brow raising 83% YOY. JMIA stock is trading firmly in the green of late but is still 26% behind its 52-week average.

On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the ÎÞëÊÓƵ.com Publishing Guidelines.

Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University.

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• Zapata Computing Holdings reported earnings per share of -$4.09.
• The company reported revenue of $1.22 million.

ÎÞëÊÓƵ Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. ÎÞëÊÓƵ Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

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The post ZPTA Stock Earnings: Zapata Computing Holdings Reported Results for Q1 2024 appeared first on ÎÞëÊÓƵ.

Driven by a spike in gross bookings and revenue, the first travel agency has shown solid revenue growth and operational efficiency. In the meantime, the second company specializes in electronic components. It has witnessed solid gains in profitability thanks to strict cost control measures and a noticeable boost in gross margins. 

Furthermore, the third one is a leading participant in the cloud computing industry. It has demonstrated its ability to produce excellent bottom-line results by demonstrating outstanding financial performance despite rising expenditures. These companies provide the possibility of compounding wealth.

Each firm offers solid arguments to be considered as essential additions to an investment portfolio, whether because of its leadership in the travel sector, its technological advancements propelling margin expansion in the second, or its marketplace growth signaling platform traction in the third.

Despegar (DESP)

Gross bookings at Despegar (NYSE:DESP) uplifted considerably year-over-year (YoY). In Q4 2023, gross bookings jumped by 44% YoY to $1.5 billion. The company’s progressive commercial execution and the positive demand climate in the area are reflected in the spike in bookings. Thus, revenue reached a record of $203.7 million, up 40% YoY.

Moreover, Despegar is focused on profitable growth, which is reflected in the increased take rate of 13.4%. This drove the boost in revenue. In Q4, Despegar had an astounding 248% YoY boost in adjusted EBITDA, reaching $43.6 million. Solid revenue growth and operational savings were the main drivers of this considerable increase in EBITDA.

Additionally, a growing share of revenue from higher-margin categories like vacation packages demonstrates variety in Despegar’s revenue mix. This represented 31.5% of all gross bookings in the quarter, up 0.18% YoY. Despegar performed admirably in important markets like Mexico and Brazil. Brazil’s Q4 gross bookings of $670 million were driven by improvements in market share and rising demand for travel packages. Finally, in 2023, Mexico produced $1 billion in gross bookings, demonstrating consistent growth in this vital market.

Airgain (AIRG)

In Q1 2024, Airgain (NASDAQ:AIRG) demonstrated increased gross margins and sharp cost control. With a non-GAAP gross margin of 40.2%, the company’s performance represents a 9.9% boost YoY.

Furthermore, operational expenditures showed a stable trend over time, a sign of strict cost management efforts combined with ongoing investment in key projects. Moreover, the solid improvement in gross margin over time indicates Airgain’s capacity to enhance production efficiency and control expenses, resulting in increased profitability. Thus, Airgain progressively managed operational expenditures, leading to a balanced approach to growth and cost conservation despite continuous investments in research and sales initiatives. 

Further, with sustained emphasis on strategic initiatives and an anticipated sequential revenue increase, Airgain’s prognosis for Q2 2024 is still positive. The firm plans to provide new products, such as 5G connection solutions and asset monitoring services, to considerably expand its market share in the enterprise sector. Airgain also hopes to benefit from consumer and automobile industry demand as well as market recovery. 

Finally, the company is positioned for long-term success and market leadership in high-growth categories by prioritizing the expansion of its presence in the fixed wireless access, automotive networking, and Smart C-Band repeaters industries.

GigaCloud (GCT)

Despite the considerable increase in total operating expenses, GigaCloud (NASDAQ:GCT) has managed its costs effectively, resulting in a substantial increase in net income. Total OpEx increased from $12 million to $32 million YoY in Q1 2024. However, net income grew by more than 71% to hit $27 million. This signifies that the company has the fundamental capability to derive solid bottom-line results amidst rising expenses.

Moreover, GigaCloud’s marketplace gross merchandise value (GMV) boosted by 64% YoY to hit $907.7 million in the last 12 months. This considerable growth in GMV reflects buyers’ and sellers’ intensifying traction and adoption of GigaCloud’s platform. Additionally, active 3P sellers rose by 43.7% YoY to 865. Similarly, active buyers increased by 29.1% YoY to 5,493 during the same period. Hence, these growth rates indicate a growing ecosystem of participants on the platform.

Finally, the average spend per active buyer expanded by 27% YoY to mark $165,239 in the last 12 months. This boost in spending per active buyer demonstrates the edge of GigaCloud’s platform in driving higher engagement and transaction volumes among its client base.

As of this writing, Yiannis Zourmpanos held a long position in DESP. The opinions expressed in this article are those of the writer, subject to the ÎÞëÊÓƵ.com Publishing Guidelines.

Yiannis Zourmpanos is the founder of Yiazou Capital Research, a stock-market research platform designed to elevate the due diligence process through in-depth business analysis.

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• Geovax Labs reported earnings per share of -$2.47. This was above the analyst estimate for EPS of -$3.15.
• The company did not report any revenue for the quarter.

ÎÞëÊÓƵ Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. ÎÞëÊÓƵ Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

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The post GOVX Stock Earnings: Geovax Labs Beats EPS for Q1 2024 appeared first on ÎÞëÊÓƵ.

• AEterna Zentaris reported earnings per share of -$4.74. This was below the analyst estimate for EPS of -81 cents.
• The company reported revenue of $4,000.
• This was 99.64% worse than the analyst estimate for revenue of $1.10 million.

ÎÞëÊÓƵ Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. ÎÞëÊÓƵ Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

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The post AEZS Stock Earnings: AEterna Zentaris Misses EPS, Misses Revenue for Q1 2024 appeared first on ÎÞëÊÓƵ.

• Treasure Global reported earnings per share of -$2.32. This was above the analyst estimate for EPS of -$7.00.
• The company reported revenue of $1.60 million.
• This was 90.23% worse than the analyst estimate for revenue of $16.34 million.

ÎÞëÊÓƵ Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. ÎÞëÊÓƵ Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

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• Orla Mining reported earnings per share of 5 cents.
• The company reported revenue of $67.28 million.

ÎÞëÊÓƵ Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. ÎÞëÊÓƵ Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

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• Peyto Exploration & Dev reported earnings per share of 38 cents.
• The company reported revenue of $246.72 million.

ÎÞëÊÓƵ Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. ÎÞëÊÓƵ Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

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The post PEYUF Stock Earnings: Peyto Exploration & Dev Reported Results for Q1 2024 appeared first on ÎÞëÊÓƵ.