$Apple(AAPL)$'s former director of Corporate Law responsible for enforcing the company's insider trading policy, pleaded guilty to illegally trading for years on confidential revenue and earnings filings.As reported on Bloomberg, Levoff, who joined Apple in 2008, admitted he regularly traded on inside information between 2001 and 2016.***Talk about allowing a fox loose in the chickencoop***
$Apple(AAPL)$The Fed's interest rate decision on Wednesday could cause havoc to the market including Apple even if its earnings beat expectations.Have a safe week ahead ✌️
$S&P 500(.SPX)$Markets will be focused on the Fed's Chair Jerome Powell's keynote address at Jackson Hole (venue of Kansas City Fed's two-day annual economic symposium) on Friday.His highly anticipated speech on the economic outlook could signal how high US borrowing costs may go and how long they will need to stay thereto bring down soaring inflation.Will Powell nod to the threat to growth from higher rates or lean on the more customary inflation-busting rhetoric?As always, please DYODD ✌️
$AMD(AMD)$Certain analysts believe with the acquisition of Pensando and integration of Xilinx into its product range, AMD's revenue could triplefrom its 2021 revenue.AMD would be in a better position to compete with Intel and Nvidia.The potential benefits AMD could derive from these acquisitions include performance, portfolio expansion, competition and revenue growth.As always, please DYODD ✌️
$AMD(AMD)$at it's recent Investor Day on 9 June, unveiled the company's long-term "strong and compelling" financial model.It expects revenue growth of roughly 20% CAGR including the recent Xilinx merger.With a richer mix of products, AMD expects a gross margin of more than 57% while operating expenses are anticipated at 23-24%.The chipmaker expects an operating margin to hover around mid-30%, with its FCF margin expected at over 25%, indicating AMD's strong cash flow generation capabilities.Wall Street analysts are generally positive on the company's new targets.As always, please DYODD ✌️
$BlackBerry(BB)$has always been about cybersecurity at it's core. However, the company said it expects revenue from the cyber sector to be flat in 2022.It's IoT products is related to EVs as it has the potential to provide EV manufacturers with a universal solution that allows them to collect data frommultiple sensors in a safe, consistent way to enhance their consumers driving experience.The company does have partnerships with Microsoft and Amazon in the area of autonomous vehicles.Meaningful revenue is, however, years away as it is impacted by many factors out of its control that includes semiconductor chips, supply chain difficulties and automotive production schedules.At this point, BB is projecting full-year revenue to be lower than in 202
$Polestar Automotive(PSNY)$which is merging with SPAC Gores Guggenheim Inc (NASDAQ:GGPI), announced on 9 June that it has begun delivering the new Polestar model 2s to Hertz (NASDAQ:HTZ) as part of an agreement announced in April. Under the agreement, the Swedish electric vehicle maker will supply the rental company with 65,000 cars over the next five years, one of the largest single orders for electric cars ever made.“Our partnership with Hertz is an exciting milestone that provides the opportunity for a significant number of potential new customers to experience an EV for the first time, and it will be in a Polestar,” says Thomas Ingenlath, CEO of Polestar. “With over 55,000 Polestar cars already on the road across our 25 live markets, ther
$Sono Group N.V.(SEV)$Investing in this company requires plenty of patience as it only expects to deliver its products from end next year at the earliest.It may not be as high flying as a certain EV maker but the technology it is basing its products on has strong potential.As always, please DYODD ✌️
$Kroger(KR)$said US grocery shoppers are "aggressively" turning to cheaper store brands as theywrestle with the highest inflation in four decades.The company said their same store sales of Kroger-branded products rose 6.3% in the first quarter, faster than the overall sales growth.Customers who are facing higher prices everywhere from the gas pump to the checkout line "are actively looking for ways to save".***
$Fisker Inc.(FSR)$Another EV maker with potential. Though yet to bring any model to market, it's reservations have seen encouraging growth ✌️As usual, please DYODD 😎
$NIO Inc.(NIO)$reported 7,024 deliveries in May,+38% MoM of which 2,936 were its ES6 up 56%MoM.The company said it's vehicle production has bounced back after taking a significant hit in April after production was briefly halted during the month due to Covid lockdowns in China.NIO plans to additionally increase production capacity by cooperating with supply chain partners and ramp up its delivery recovery in June.Go NIO 💪
$Walt Disney(DIS)$is scheduled to release its Q3results after Wednesday's close.Expectations are for its revenue to jump 26% Y-o-Y to $20.99billion with earnings at $0.9762.While, analysts forecast Disney's theme parks likely benefited from the easing of Covid-related lockdowns, their main attention will likely be drawn to the company's direct-to-consumer segment.In Q2, the company's Disney+ streaming service had added a greater than expected 7.9million subscribers.Let's whether Disney is able to continue such growth. As always, please DYODD ✌️
$Apple(AAPL)$faces increasing costs from global logistics and rising employee salaries, as well the possibility that consumers will put off their iPhone upgrades due to their declining purchasing power.Apple may eat some of the higher costs, taking ahit on its margins, while keeping prices stable to avoid denting demand.Apple has not yet signaled weakness. In April, it said demand remained high and suggested that it had not seen signs of deteriorating consumer confidence. The bigger problem was producing enough supply to meet demand for its products.But the smartphone and laptop markets are showing some signs of slowing. The high-end part of the smartphone market, where Apple sells, is holding up better than the bargain bin, although overall phone
$PayPal(PYPL)$is a great business. It is profitable, growing and debt-light.However, it is a excellent example of the fact that even a great business can be a bad investment when you pay too high a price for it.PayPal was one of the biggest beneficiaries during the pandemic and its stock surged to as high as $310 bu July 2021. But as economies re-open, it is now suffering through a slowdown in its business and this is reflected in it stock falling 70.3%from its record.The company recently cut its guidance as supply chain disruptions were impacting its e-Commerce making it difficult to forecast its business.Meanwhile, as reported by Bloomberg, PayPal has begun laying off staff in US while also proposing to cut staff in Ireland.
$ZIM Integrated Shipping Services Ltd.(ZIM)$Share price reached a 52-week low after its Q2 earnings and earnings missed expectations.In addition, shipping rates are now anticipated to be in a down cycle and adversely affect ZIM's performance in the coming quarters.As always, please DYODD ✌️
$PayPal(PYPL)$During the recent earnings season, tech companies have expressed increasing caution around online ad spend and signaled cost /headcount reductions, while retailer earnings have reiterated pressure on the lower end consumer (Morgan Stanley analyst wrote on Thursday)Recession risk is now growing as well with their models suggesting a 35% chance of a recession.2022 eCommerce growth is now forecasted at 8% from 12% previously due to "growing macro weakness along with sector specific negative signals".
$Under Armour Class A(UAA)$The CEO that wassupposed to lead a turnaround has left. So far the price has fallen 50%. Would expect it to fall even further.As always, DYODD ✌️