What's the Next Stock with the Biggest Earnings Misses?
Benefiting from global monetary easing and technological progress, U.S. stocks have experienced a super-long bull market over the past decade. Technology leader FAANG have performed particularly well, and have become the "engine" that drives the Nasdaq and even the entire US stock market to continue to rise.
However, this appears to be reversed in 2022.
$Meta Platforms, Inc.(FB)$: the year-on-year decline in earnings per share doubled compared to market expectations, and key user indicators were poor. After the earnings was released, the stock price plummeted 26.39% in a single day, suffering the largest one-day drop in the history of the US market.
$Netflix(NFLX)$: On April 19, the first quarterly of the streaming media giant Netflix once again "thundered". The company lost 200,000 net paying subscribers globally in the first quarter for the first time in 10 years, and expects to churn more customers in the coming months.
$Alphabet(GOOGL)$: On April 26, Alphabet, the parent company of Google, also announced its first-quarter results this year. According to the report, Alphabet’s first-quarter revenue growth rate was the lowest in two years, and its net profit fell by more than 8% year-on-year. The year-on-year growth rate of advertising revenue was significantly slower than the previous quarter, far less than analysts’ expectations.
$NASDAQ(.IXIC)$ tumbled 500 points in after-hours after Google's worse-than-expected earnings report, in a sign of increased market panic.
What's the next stock with the biggest earnings misses?
$Palantir Technologies Inc.(PLTR)$ $SoFi Technologies Inc.(SOFI)$ $Coinbase Global, Inc.(COIN)$ $Unity Software Inc.(U)$ $Roblox Corporation(RBLX)$ $Rivian Automotive, Inc.(RIVN)$ $Affirm Holdings, Inc.(AFRM)$
There is an opinion that these growth stocks are overvalued. Some of these companies aren't even profitable yet.
Are the best days for growing stocks really over?
Affected by factors such as high inflation, the conflict between Russia and Ukraine, and the Fed's tightening of currency, the large U.S. stock technology stocks that have recently announced their earnings reports have "died out." The growing stocks may face worse situations.
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What's the next stock with the biggest earnings misses?
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Palantir investors have certainly been hit with the massive downward trend of its stock price since last year. Is it time to buy Palantir? That's a difficult question to answer.
But if you believe in Palantir's future growth, then yes it is time to jump in. With increased defence spending by US and its allies especially with the Ukraine war, there is exponential growth ahead. Palantir has also recently been awarded a contract with the UK Defence Dept too.
But for now, with interest rates rising and slowing economic growth, Palantir is set to be the next stock with the Biggest Earnings Miss as it is still not profitable.
@MillionaireTiger
@TigerStars
@CaptainTiger
As market leader for AI chips & GPUs, the anticipated earnings could be too high
Esp with news such as no more GPUs for crypto mining, Nvidia tightening on employment hiring etc