Tag: Stocks

Netflix reported quarterly earnings today.  Net income rose to $344.1 million, or 76 cents per share, in the first quarter, from $290.1 million, or 64 cents per share, a year earlier.  Total revenue rose to $4.52 billion from $3.70 billion. Analysts on average had expected revenue of $4.50 billion.

But those aren’t the important numbers because Wall Street views Netflix as a growth story, so it’s all about the subscriptions.  In the reported quarter, Netflix added 7.86 million paid subscribers internationally vs. analyst estimate of 7.14 million, according to IBES data from Definitive and 1.74 million paid subscribers in the

The Trump administration and government regulators unveiled a major push Friday afternoon at the White House to accelerate the rollout of the high-speed, next-generation mobile data technology known as 5G.

5G ((short for 5th Generation) is the next generation of mobile communication. 5G brings three new aspects to the table: greater speed (to move more data), lower latency (to be more responsive), and the ability to connect a lot more devices at once (for sensors and smart devices). 5G will be a whole new kind of network, enabling new experiences that will change how we live, work, and play.

Wireless companies are

If the S&P 500 is the
bellweather for the equity markets, JPMorgan Chase (JPM) is the bellweather for
the bank sector. JPMorgan Chase reported earnings on Friday and blew the results
out of the box. JPM earned $2.65 a share for the quarter versus expectations of
$2.35 a share. And revenue of $29.9 billion came in $1.5 billion ahead of
expectations.

The results were
supported by record revenue and net income. Investors have been concerned that
net interest margins would deteriorate since the US Feds said they would leave
interest rates along, but net interest income grew by 8% year over year.

Consumer and business
banking revenue climbed 15%

I last wrote about Lyft one week ago,

Short Sellers Are Out To Get Lyft

Wednesday was the first settlement day for Lyft shares and hedge funds were salivating at the opportunity to short the stock. Short sellers shorted over 6 million shares which represented about 20% of the available shares outstanding.

At the time, price was at $72.

NOTE: that line at $42 is there because Michael Ward of Seaport Global Securities thinks Lyft’s current valuation bakes in “overly optimistic” assumptions about the transformational nature of ride hailing and thinks price is headed to $42.

Price now stands at $59.

There was a

A recent Motley Fool article title,

3 Stocks You’ll Be Glad You Bought in 30 Years

had the following to say about Square, Five Below and Wayfair:

There are plenty of stocks that have turned a meager sum into six figures or more over the last 30 years. It can seem a daunting task to figure out what the next wealth-building stock is going to be, but I have found that the signs of tomorrow’s great companies are always in plain sight.Multibagger stocks usually show two essential traits: fast revenue growth and an enormous addressable market to grow into. Three stocks that are