Source: Alphabet Earnings 1Q2024 Earnings Review Most revenue metrics beat market expectations. Earnings per share: USD1.89 vs. USD1.51 expected Revenue: USD80.54 billion vs. USD78.59 billion expected YouTube advertising revenue: USD8.09 billion vs. USD7.72 billion expected Google Cloud revenue: USD9.57 billion vs. USD9.35 billion expected Traffic acquisition costs (TAC): USD12.95 billion vs USD12.74 billion expected Google's advertising grew by 13.04%, while the advertising segments for Meta and Amazon grew by 26.81% and 24% respectively during the same period. Despite this, Google's advertising growth remains impressive, marking its strongest year-over-year growth since 1Q2022. Google Cloud revenue increased by 28.44% year over year, compared to AWS's 17% and Microsoft Azure

Source: Amazon 1Q2024 Earnings Amazon $Amazon.com(AMZN)$ has exceeded expectations across all key earnings metrics: EPS: 98 cents vs. 83 cents expected Revenue: USD143.3 billion vs. USD142.5 billion expected Advertising: $11.8 billion vs. 11.7 billion expected In the latest quarter, Amazon's Advertising Services segment demonstrated a good revenue growth of 24% year-over-year. In comparison, Google's advertising grew by 13.04% and Meta's advertising by 26.81% during the same period. Amazon Web Services: USD25 billion vs. USD24.5 billion expected AWS experienced a year-over-year growth of 17%, lagging behind Google Cloud's growth of 28.44% and Microsoft Azure's 31% during the same period. However, AWS's operating income yoy growth was impressi

Meta stock is currently trading 15.94% lower than its all-time high. Despite the recent 10% drop on earnings result day, Meta stock is still trading 12.29% higher than its 4Q2023 earnings release on February 1st. This indicates that the recent pessimism hasn't completely erased the gains it generated since the 4Q2023 earnings results. 1Q2024 Earnings Result: Revenue: USD36.46 billion vs. USD36.16 billion expected EPS: USD4.71 vs. USD4.32 expected Source: Reuters Source: Meta's Earnings Slides The 10% drop in stock price on earnings day were due to: Weaker earnings forecast: 2Q2024 total revenue is expected to fall within the range of $36.5 billion to $39 billion, with a midpoint of $37.8 billion. This misses the street estimate of $38.3 billion. Additionally, management anticipates a

Tesla $Tesla Motors(TSLA)$ rose 1.8% on Wednesday but surged 13% in after-hours trading as CEO Elon Musk pledged to accelerate plans for a more affordable EV. Tesla's Wednesday closing price of USD144.61 is still 64.5% lower than its all-time high. 1Q2024 Earnings Review: Revenue declined 9% year-over-year to USD 21.3 billion, falling short of the LSEG estimate of USD 22.15 billion. This marks the first year-over-year revenue drop since the second quarter of 2020. Earnings per share (EPS) declined 47% year-over-year to 45 cents, missing the LSEG estimate of 51 cents. Automotive Gross Margin stood at 16.4% in the first quarter, lower than the expected 17.6%. Operating margin was disappointing at 5.5%, below the anticipated 7%. Tesla cautioned tha

1Q2024: Verizon’s $Verizon(VZ)$ Revenue increased by 0.2% year-over-year in 1Q2024 to USD33 billion, slightly below the estimate of USD 33.24 billion. Adjusted EPS declined by 4.2% year-over-year in 1Q2024 to USD1.15 per share, surpassing the estimate of USD 1.12 per share. Operating expenses rose by 0.5% year-over-year. For 2024, Verizon expects: Total wireless service revenue growth of 2% - 3.5% Adjusted EBITDA growth of 1% -3% Adjusted EPS of $4.50 to $4.70. The revenue and expense growth of the US telecommunications industry suggest that it may have entered a mature business cycle with limited growth catalysts. While investors typically anticipate improved profit margins from companies in mature cycles, Verizon has struggled to achieve g

TSMC's $Taiwan Semiconductor Manufacturing(TSM)$ share price closed 0.55% lower on Wednesday. It might open higher tonight due to earnings beat.  1Q2024 Earnings: Both Net Revenue and Net Income exceeded LSEG consensus estimates by 1.7% and 5.5%, respectively. Net Revenue increased by 16.5% year-over-year to NT$592.64 billion, while Net Income also rose by 16.5% year-over-year to NT$592.64 billion. However, both Net Revenue and Net Income experienced quarter-over-quarter declines of -5.3% and -5.5%, respectively. Both Gross Margin and Operating Margin remained robust at 53.1% and 42% in the quarter. The 3nm process technology contributed 9% of total wafer revenue in 1Q24, with 5nm and 7nm accounting for 37% and 19%, respectively. Advanced

Key Topics: Why the generative AI stock bubble won't burst anytime soon? What to expect from the upcoming earnings reports of Tesla and Apple? Why did Apple and Tesla underperform other Magnificent Seven stocks? Please click here to access the webinar on April 17th at 7.30 pm.

Meituan's $MEITUAN-W(03690)$ stock has risen 45.5% since I last covered it on January 18, 2024. I believe it's a good time to revisit Meituan, particularly given its Friday closing price of HKD102.10, which is approaching the resistance level I mentioned at HKD107.91in my previous article. 4Q2023 Earnings Review: Revenue surged 22% year-over-year to RMB 73 billion in the latest quarter, while operating income reached RMB 1.7 billion compared to a loss of RMB 731 million in the corresponding period last year. Both revenue and operating income surpassed street expectations. However, the operating margin dropped to just 2.39% in 4Q2024. Operating margin was substantially higher in previous

4Q2023 Earnings Review: Tencent’s $TENCENT(00700)$ Revenue increased by 7.07%, and Operating Income rose by 41.96% year-over-year in the latest quarter. The Operating Margin stands at 26.28% for FY2023, the highest in the past six years. VAS revenue shrank by 1.9% year-over-year, while Online Advertising and Fintech & Business Services grew by 20.82% and 15.1% year-over-year respectively in the latest quarter. Moving forward, we expect the weakness in VAS (especially weak gaming revenue) to be offset by margin expansion in Online Advertising and Fintech & Business Services. VAS revenue, accounting for 45% of total revenue, continues its lackluster performance mainly due to lower domestic gaming revenue and decreased Social Networks re

1Q2024 Short Review: The Japan and US equity markets outperformed other bourses in the first quarter of this year. The Nikkei 255 remains close to its all-time high. A weak yen usually boosts the index. Despite Japan hiking interest rates, the Nikkei continues to make new highs, primarily because investors are betting that Japanese rates will not rise quickly, leading to a decline in the yen, which in turn benefits Japanese exporters. During my webinar on January 25th, I mentioned my year-end target for the S&P 500 was 5,250. Since then, the S&P 500 has risen nearly 8% and hit the said target price. My best-case scenario remains 5,750 for

James Ooi will be speaking at Seedly Personal Finance Festival 2024 - Singapore's biggest event of the year! Event Details Event: Seedly Personal Finance Festival 2024 Venue: Marina Bay Sands Expo & Convention Centre, Hall F Date & Time: 6 April 2024, Saturday, 2:10PM Panel Discussion: The Psychology Of Great Investors What are some common investing behavioural biases? How to avoid making decisions based on emotions? What are some of the behavioural traits common amongst great investors? Official Tickets are SOLD OUT, but we have 5 FREE tickets for Tiger Brokers’ followers! How to get the FREE tickets? Follow @Tiger_James Ooi. Share this post on your personal social media channel. Then snap a screenshot and post it on @Tiger_James Ooi. The Account @Tiger_SG will send private pr

Key Topics: - The shifting video streaming landscape: Advertising + live sports - Disney and Netflix soared over 20% year-to-date. Are the rallies sustainable? - Who are the potential winners and losers? Join us as we explore investment opportunities in video streaming stocks with James Ooi, Market Strategist at Tiger Brokers. Please click here to access the webinar on March 19th at 8 pm.

I would like to provide a brief update on Tesla here. Tesla( $Tesla Motors(TSLA)$ ) has returned -29.43% year-to-date, trailing behind other Magnificent Seven Stocks such as Nvidia( $NVIDIA Corp(NVDA)$ ) (+76.75%), Meta Platforms( $Meta Platforms, Inc.(META)$ ) (+43.09%), Amazon (+15.41%), Microsoft (+8.22%), Alphabet (-3.06%), and Apple (-11.21%). The underperformance can be attributed to sluggish sales in China, declining profit margins, and analyst downgrades. In February, Tesla sold 30,141 vehicles in China, marking an 11.15% YoY decrease and a 24.42% MoM drop. The retail sales of passenger NEVs in China for the same month totalled 388,000 units, with a sale