Intel

Posted on | by Leon Hinde | Leave a Comment on Intel

Revenue increased from $11.7b in Q1/23 to $12.7b in Q1/24, resulting in 8.6% year-over-year growth.

Intel is now reporting in two major segments – Intel Foundry and Intel Products.

The chart pattern shows support at $30.00

The long-term chart suggests investors should accumulate the stock within the $25 – $35 range and look for a multi-year recovery starting in 2025.

Intel

Posted on | by Leon Hinde | Leave a Comment on Intel

Intel Corporation – Common

On April 25, 2024, Intel reported its Q1 FY24 earnings with revenue of $12.7 billion, a 9% increase YoY, and non-GAAP EPS of $0.18, both beating Wall Street expectations. However, the revenue guidance of $12.5 billion to $13.5 billion fell short of Wall Street’s expectation of $13.63 billion, leading to a plunge in the stock price to around $30 per share.

Intel is a high-risk recovery play in the chip space. We consider the current share price to be at an inflection point, and it will begin to rise in mid-to-late 2024. The first positive catalyst is the US government’s CHIPs Act funding payment. A multi-year recovery should follow, driven by innovation and AI data center sales.

Shopify

Posted on | by Leon Hinde | Leave a Comment on Shopify

Shopify Inc. Class A Subordinate Voting revenue is expected to grow by 20% to $8.5 billion in 2024. Currently trading at 8.8x estimated sales, Shopify remains undervalued relative to its software and e-commerce peers with a similar growth profile.

We rate SHOP a buy within the $50 – $60 price range.

Q1 2024 revenue increased 23% to $1.9 billion compared to the prior year, which translates into year-over-year growth of 29% after adjusting for the sale of our logistics businesses

Paypal

Posted on | by Leon Hinde | Leave a Comment on Paypal

PayPal Holdings, Inc. – Common first-quarter results show a 9% revenue increase and a 14% rise in Total Payment Volume, driven by enhanced features in Venmo and strategic market expansions.

The number of people using Venmo has gradually increased, from a low of 3 million in 2015 to a high of nearly 78 million as of the end of 2023.

FCF, which touched $1.763 billion in Q1 2024 alone. This resurgence can be attributed to, among other factors, robust management strategies, such as buying back shares aggressively in response to the stock’s depressed valuation, which suffered from a significant pullback of 80% in the last few years.

In 2023 alone, PayPal redirected $4.4 billion to buybacks,