FB, TWTR and SNAP with Nobias Technology: Case Study on two Social Media companies
Last week, we provided an update on Meta Platorm’s (FB) recent sell-off, its Q1 results, the ensuing rally, and the bias that we’re seeing amongst the credible authors and analysts that the Nobias algorithm tracks. In the report, we stated, “86% of the recent reports that we’ve seen published by credible authors came with a “Bullish” bias attached.”
TSLA With Nobias Technology: Case Study on Tesla
Throughout 2022, Tesla (TSLA) shares have posted rare underperformance. However, last week the company posted first quarter earnings results which beat analyst consensus estimates on both the top and bottom lines. Shares rallied on the heels of those results while the Nasdaq sold off and we saw several credible authors/analyst post updated opinions on the company’s shares.
TWTR With Nobias Technology: Case Study on Twitter
With the world’s richest man, Elon Musk, making a significant investment in Twitter (TWTR) shares and then offering to take the company private with a buyout offer, TWTR shares have been on a volatile ride in recent weeks. Prior to Musk’s offer, Twitter was trading for less than $40/share. Then, they rallied up to approximately $53, before trending lower to their current share price of $48.93.
JPM With Nobias Technology: Case Study on J.P.Morgan
J.P. Morgan (JPM) shares are down 18.91% on a year-to-date basis. During the last 30 days, JPM shares are down 6.16%. Although JPM has been surrounded by negative sentiment (from traders) throughout 2022, the credible authors and analysts tracked by the Nobias algorithm maintain a bullish bias on shares. The company reported Q1 earnings last week.
BLK With Nobias Technology: Case Study on BlackRock
BlackRock (BLK) posted its Q1 earnings last week. The company missed Wall Street’s consensus estimate on the top-line when it reported Q1 earnings last week; however, the company’s $4.7 billion revenue result still represented 6.8% year-over-year growth. BLK beat estimates on the bottom-line, posting non-GAAP earnings-per-share of $9.52, which came in $0.65/share ahead of the consensus analyst target.
GME With Nobias Technology: Case Study on GameStop the first Meme stock
GameStop (GME) shares have been at the center of the recent “meme stock” craze that we’ve seen develop during recent years. GME shares have experienced massive volatility as traders buy and sell the stock using thesis that are largely based upon sentiment as opposed to the company’s underlying fundamentals. Today, GME shares trade for $146.19, which means that they are down roughly 57.5% from their 52-week high of $344.66. However, during the last month, GME shares have rallied more than 40%, showing that the volatility that they’ve become known for since 2020 remains in place.
UPS With Nobias Technology: Case Study on UPS, a dividend paying company with growth opportunities
Shares of United Parcel Service, Inc (UPS) fell 6.47% this week. UPS shares are now down 10.55% on a year-to-date basis, underperforming the S&P 500, which has seen its value fall by 6.43% during 2022 thus far. However, even with this underperformance in mind, the credible authors and analysts tracked by the Nobias algorithm remain largely “Bullish” on UPS shares.
UBER With Nobias Technology: Case Study on Uber's Deal with NYC Taxi
Uber (UBER) shares have experienced a significant rally in recent weeks. During the past month, UBER shares are up 17.97%. It appears that much of this bullish sentiment is centered around recent news related to a deal struck between this ride sharing company and taxi companies in New York City. However, even after this recent run-up in share price, UBER shares are still down 18.13% on a year-to-date basis. UBER is down approximately 41.5% from their 52-week highs of $61.50. In the company’s most recent quarter, Uber shifted towards profitability. Since then, we’ve seen a series of analyst upgrades. The credible author and analysts that Nobias tracks with our algorithm continue to express strong bullish sentiment for shares, with an average price target being applied to Uber that represents upside potential of nearly 76%.
LULU With Nobias Technology: Case Study on Lululemon after their Earnings release
Throughout much of 2022, the apparel space has suffered. The negative share price performance that top names in this space have produced on a year-to-date basis have been largely due to fears surrounding supply chain headwinds which are causing problems for inventories as well as shipping costs. To meet Q4 demand, retailers and apparel stocks have had to do things like commission air freight to meet holiday season shopping demand. Doing so has damaged margins. Furthermore, recent COVID-19 spikes in Asia have created more uncertainty with regard to production of goods and if there’s one thing Wall Street hates, it’s uncertainty. However, over the last month or so, we’ve seen a stark turnaround when it comes to the sentiment surrounding this area of the market.
OKTA with Nobias Technology: Case study of Okta Inc. Sell-off
The cybersecurity industry continues to experience stellar growth. However, OKTA shares have suffered on a year-to-date basis, down more than 33%. OKTA's top-line is expected to grow rapidly in fiscal 2023; however, the company's losses are expanding. But, Wall Street analysts remain optimistic on these beaten down shares, with average price targets calling for strong double digit upside.
AMZN with Nobias Technology: Case study of Amazon after stock split and buyback announcement
Amazon shares have outperformed the major averages by a wide margin over the long-term.
However, during the trailing 12 months, AMZN shares have underperformed.
Analysts believe that the recent stock split and buyback announcement has the potential to change this bearish momentum.
DG with Nobias Technology: Dollar General Raises Dividend by 31% as 2022 Guidance Points to Growth? (Copy)
Dollar General (DG) shares have suffered on a year-to-date basis, posting -6.26% results thus far during 2022. However, the stock is up 19.2% from the 52-week lows that it made in late February. The company recently posted Q4 results, which included double digit growth estimates for fiscal 2022. Dollar General also recently provided investors with a double digit dividend increase. Historically, the dollar store industry has provided market beating results during bear markets. And therefore, with rates on the rise and the threat of recession rising along with them, it appears that investors are becoming more and more interested in these potentially defensive shares.
ADBE with Nobias Technology: Adobe shares drop nearly 39.5% from their 52-week highs
For years, Adobe was one of the hottest stocks on Wall Street. During the last 10 years, ADBE shares are up 1,121.20%. If it wasn’t for the stock’s recent precipitous declines, these trailing results would look immensely stronger. Adobe’s 52-week high is $699.54, set in late 2021. Today, shares trade for $422.90, down approximately 39.5% from those highs. And, yesterday, the stock fell 9.34% on disappointing first quarter results. However, Adobe’s results last year still represented a strong growth trajectory.
BABA with Nobias technology: Up 35% Alibaba is still a Stock with Significant Upside
After months of selling pressure, largely due to regulatory issues, the Chinese tech sector saw a major rebound this week. The KraneShares CSI China Internet ETF (KWEB) has now rallied 43.19% during the last 5 trading sessions alone. It’s important to note that even after this massive rally, the KWEB is still down 14.66% on a year-to-date basis. During the trailing twelve months, the KWEB index is down 63%. Evelyn Chang published an article at CNBC this week highlighting the inspiration for last week’s rally.