To The Moon

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

Pinduoduo $PDD Holdings Inc(PDD)$ has fallen by 22.43% year-to-date and is still trading 42% below its all-time high. PDD is a multinational online marketplace. However, its main source of revenue is advertising income. It does not hold inventory and is not responsible for fulfillment. Instead of investing its cash flow in building its logistic arms like JD.com and Alibaba, PDD has been heavily spending cash on subsidizing merchandise to woo merchants and outsourcing fulfillment and logistics. PDD is currently relying on its overseas e-commerce unit, Temu, to maintain its high revenue growth momentum. PDD briefly overtook Alibaba in market cap end 2023. Source: Bloomberg, 22 Apr 2024 Earnings Review: Revenue in 4Q2023 rose 123% year-over-year t

ASML $ASML Holding NV(ASML)$ fell 7.09% last Wednesday on earnings miss. ASML is currently trading 17.94% lower than its all-time high. 1Q2024 Earnings Net sales were €5.29B, missing the estimate of €5.39B. Net sales grew by -21.6% year-over-year. EPS was €3.11B, beating the estimate of €3B, but grew by -37.3% year-over-year. The biggest disappointment is the bookings. Bookings fell by 4% year-over-year or 61% quarter-over-quarter to €3.6B, which are about 20% below estimate. Gross Profit Margin was 51%, higher than the estimated 48.8%. Operating Margin was just 26.3% relative to 32.7% in the same quarter of 2023. ASML has forecasted that 10-15% of China sales this year will be hampered by export control measures. Still, ASML expects "strong"

Netflix $Netflix(NFLX)$ closed down by 0.41% on Thursday and is trading 4.85% lower in after-hours trading due to an earnings forecast miss. Netflix stock is currently trading 11.47% lower than its all-time high in October 2021. Netflix remains one of the best-performing stocks among the S&P 500, providing a year-to-date return of +25.5%. Recap of 1Q2024 Earnings Revenue, Operating Income, and Subscriber count have reached their all-time highs. Revenue increased by 14.8% year-over-year to USD 9.37 billion, surpassing the LSEG estimate of USD 9.28 billion. Operating Income surged by 28.1% year-over-year to USD 2.6 billion. EPS rose to USD 5.28 compared to the LSEG estimate of USD 4.52. Subscribers grew by 16% year-over-year to 269.6 million

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.