Farfetch’s year-on-year sales decline continued in the final quarter of 2022 as the luxury e-commerce firm faced sustained geographic challenges in Russia and China. But the company expects new partnerships will help sales grow more than 10 percent in 2023, and reach as high as $10 billion by 2025.The shares jumped 8% in premarket trading Friday.In the fourth quarter of 2022, gross merchandise value — a measure of goods primarily sold through its online luxury marketplace — dropped nearly 12 percent year-over-year to $1.1 billion. Revenue also fell 5 percent to $629 million during the same period. (Farfetch posted its first sales drop as a public company in the third quarter of 2022). The strong dollar played a role in the decline — GMV would have risen 2 percent f
$H&E Equipment(HEES)$ After the recent trading day on Jan 11th, HEES stock hovered at $47.96, moving -1.58% from the previous trading session. This move lagged the S&P 500's daily gain of 1.29%. Elsewhere, the Dow gained 0.8%, while the tech-heavy Nasdaq added 10.96%. Heading into today, shares of the construction and industrial equipment service provider had gained 6.03% over the past month, outpacing the Industrial Products sector's gain of 3.55% and the S&P 500's loss of 0.23% in that time. H&E Equipment will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.01, up 71.19% from the prior-year quarter. Meanwhile, the Z Estimate for revenue is proj
Four main reasons micron up from 50 to 57 last week were china backing off chip industry support, wdc merger rumors , talk of Samsung cutting capex and very good inflation data on Friday. None of those were company specific developments , although they would benefit microns fundamentals going forward. It was a great week to be long micron.$Micron Technology(MU)$
$Micron Technology(MU)$ Still holding 55 short calls expiring tomorrow, added 56's, figure either a gravity-defying lift to markets tomorrow if jobs numbers are bad, along with whatever is propelling MU, albeit still think it best to sell any pops as current price action seems short lived / unwarranted . . .
$Advanced Micro Devices(AMD)$ ($64.77) has been recognized by more & more analysts as an unstoppable growth company!It's leading technologies ensure that it will be like Msft to lead in semi industry. All new areas (AI, 5G, auto-dring, data center, programmable chips, metaverse..) have huge growth potential!Investors need patience to let it plays out. The over 20 times pps gain, from $3 when Lisa took over Ceo in Oct 2014 to now $64, indicated that its compounded annual growth rate of 45% (for 8 years) could repeat for the next 8 years or longer to come!All the best & Happy New Year!