$Microsoft(MSFT)$ Microsoft reported solid fiscal first-quarter 2023 results, including revenue and EPS results ahead of the guidance midpoints. The outlook, however, was worse than our below-consensus model was contemplating. Macro pressures continue to weigh on the company’s performance. Bulls can point to good growth in commercial bookings and commercial remaining performance obligation to find near-term comfort, while bears will no doubt highlight slowing Azure and weaker-than-expected guidance. We continue to find encouragement in Azure, Office E5 migration, and traction with the Power platform for long-term value creation, but we think near-term pressures will not be exhausted within the next quarter. It is pr
$Alphabet(GOOGL)$ Alphabet's share price has recently been on an uptrend in the last month, having jumped 16%. However it is down 31% year to date. This is due to a broad sell off in technology shares. The tech heavy S&P500 has lost 20% of its value in 2022. Alphabet reported earnings for 3Q22 with profits slipping amid what CEO Sundar Pichai called "economic headwinds". In the most recent Q3 announcement, Alphabet is sharpening its focus on its Search and Cloud, powered by AI and new ways to monetise YouTube Shorts. Even though Alphabet reported disappointing 3Q22 results due to a strong US dollar and increasing hesitancy in ad spending, I believe that advertising revenue growth will return to double digits le
$Grab Holdings(GRAB)$ Is Grab facing financial issues? My opinion is it's not. Earlier this year, when GoTo announced layoffs (more than 1000 people), Grab said they would be keeping all their staff. Indeed, I am beginning to see that they are now spending less on advertising and gaining new customers but focusing more on loyalty. This can be seen in the Grabfood Unlimited programme. Likewise, I think it speaks volumes for Grab to want to retain its staff, albeit a difficult financial period where the cost of resources are higher. In lieu of sacrificing their staff, they have opted for cost saving measures, such as hiring freeze, salary freeze and reduced incentives for both drivers and customers.
$Grab Holdings(GRAB)$ Singaporean multinational technology company Grab Holdings Limited (GRAB) announced on Tuesday that it expects revenue to slow but 2024 will be a key year for the group, when it expects to see some profitability. The ride hailing company, which allows consumers to order transportation, food and deliveries via an app and competes with the likes of Uber (UBER), said it expects revenue growth of 45% to 55% in 2023. The SoftBank-backed group is forecasting that things will turn around by 2024. So, are GRAB shares a bargain right now as it forecasts profit in 2024?
$Grab Holdings(GRAB)$ Singaporean multinational technology company Grab Holdings Limited (GRAB) announced on Tuesday that it expects revenue to slow but 2024 will be a key year for the group, when it expects to see some profitability. The ride hailing company, which allows consumers to order transportation, food and deliveries via an app and competes with the likes of Uber (UBER), said it expects revenue growth of 45% to 55% in 2023. The SoftBank-backed group is forecasting that things will turn around by 2024. So, are GRAB shares a bargain right now as it forecasts profit in 2024?
$Amazon.com(AMZN)$ Amazon.com, Inc. (AMZN) stock is lower by -0.42% while the S&P 500 is higher by 0.68% as of 11:39 AM on Monday, Oct 24. AMZN is lower by -$0.50 from the previous closing price of $119.32 on volume of 20,413,625 shares. Over the past year the S&P 500 is down -17.26% while AMZN is lower by -28.43%. AMZN earned $1.11 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 106.78. More About Amazon.com, Inc. Amazon is a leading online retailer and one of the highest-grossing e-commerce aggregators, with $386 billion in net sales and approximately $578 billion in estimated physical/digital online gross merchandise volume in 2021. Retail-related revenue represents approximately 80% of the total, foll
$Tesla Motors(TSLA)$ Tesla Inc.’s love-hate relationship with Wall Street is turning more affectionate, with bullish ratings on the stock at their highest level in over seven years. Of the 49 analysts following the electric-vehicle maker, 27, or about 55%, recommend buying the stock, according to Bloomberg data. Among the rest, 12 have hold ratings, while 10 have sells. The last time such a high percentage of analysts rated Tesla a buy was in early 2015 -- when it was a much smaller company, with a far cheaper valuation, in a relatively unproven industry.
$Tesla Motors(TSLA)$ Tesla Inc.’s love-hate relationship with Wall Street is turning more affectionate, with bullish ratings on the stock at their highest level in over seven years. Of the 49 analysts following the electric-vehicle maker, 27, or about 55%, recommend buying the stock, according to Bloomberg data. Among the rest, 12 have hold ratings, while 10 have sells. The last time such a high percentage of analysts rated Tesla a buy was in early 2015 -- when it was a much smaller company, with a far cheaper valuation, in a relatively unproven industry.
$AMD(AMD)$ What's Happening With AMC Stock Today? AMC Entertainment Holdings Inc (AMC) stock is trading at $8.91 as of 9:48 AM on Thursday, Sep 1, a decline of -$0.21, or -2.3% from the previous closing price of $9.12. The stock has traded between $8.85 and $9.03 so far today. Volume today is low. So far 814,536 shares have traded compared to average volume of 54,142,573 shares
$Tesla Motors(TSLA)$ Tesla stock got a price-target bump from one bull and vote of confidence from another analyst who is upbeat on the stock. That positivity isn’t helping shares though on what looks to be a tough day for markets. Stock futures are down following some cautious comments from General Electric (ticker: GE) and awful quarterly results disclosed early from FedEx (FDX). That has the S&P 500 and Dow Jones Industrial Average off about 1.5% and 1.1%, respectively.