US Earnings

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Monday, January 22 – Brown & Brown, United Airlines Holdings, and Zions Bancorporation.

Tuesday, January 23 – Johnson & Johnson, Procter & Gamble, Netflix, Verizon Communications, Texas Instruments, General Electric, and Lockheed Martin.

Wednesday, January 24 – Tesla, Abbott Laboratories, IBM, AT&T, General Dynamics, Las Vegas Sands, and CSX.

Thursday, January 25 – Visa, Intel, Comcast, Union Pacific, American Airlines Group, Southwest Airlines, Levi Strauss and Alaska Air Group.

Friday, January 26 – American Express, Colgate-Palmolive, Norfolk Southern, and Autoliv.

US Earnings

Posted on | by Leon Hinde | Leave a Comment on US Earnings

Tuesday, January 16 – Morgan Stanley, Goldman Sachs, PNC Financial, and Interactive Brokers.

Wednesday, January 17 – Prologis, Charles Schwab, U.S. Bancorp, Kinder Morgan, and Alcoa.

Thursday, January 18 – Truist Financial, KeyCorp, Fastenal Company, and Birkenstock.

Friday, January 19 – Ally Financial, Comerica, Fifth Third, and Travelers.

2023 Global Growth Portfolio: 80% return  

Posted on | by Leon Hinde | Leave a Comment on 2023 Global Growth Portfolio: 80% return  

At the start of 2023, we added 5 ETFs to the Investor Signals Global Growth portfolio. For the 12 months, the portfolio returned 80% with the bulk of the gains attributed to Cyber Security, Cloud Computing, and Fang.

We will be building the tracking portfolio of our favored funds for 2024 and covering these in our next public webinar.

MongoDB

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

NAS: MDB is a buy with a suggested stop loss below $360.

Third Quarter Fiscal 2024 Financial Highlights

  • Revenue: Total revenue was $432.9 million for the third quarter of fiscal 2024, an increase of 30% year-over-year. Subscription revenue was $418.3 million, an increase of 30% year-over-year, and services revenue was $14.6 million, an increase of 13% year-over-year.
  • Gross Profit: Gross profit was $325.9 million for the third quarter of fiscal 2024, representing a 75% gross margin compared to 72% in the year-ago period. Non-GAAP gross profit was $335.3 million, representing a 77% non-GAAP gross margin, compared to a non-GAAP gross margin of 74% in the year-ago period.
  • Loss from Operations: Loss from operations was $45.2 million for the third quarter of fiscal 2024, compared to a loss from operations of $82.9 million in the year-ago period. Non-GAAP income from operations was $78.5 million, compared to a non-GAAP income from operations of $19.8 million in the year-ago period.
  • Net Loss: Net loss was $29.3 million, or $0.41 per share, based on 71.6 million weighted-average shares outstanding, for the third quarter of fiscal 2024. This compares to a net loss of $84.8 million, or $1.23 per share, in the year-ago period. Non-GAAP net income was $79.1 million, or $0.96 per share, based on 82.7 million diluted weighted-average shares outstanding. This compares to a non-GAAP net income of $18.7 million, or $0.23 per share, in the year-ago period.
  • Cash Flow: As of October 31, 2023, MongoDB had $1.9 billion in cash, cash equivalents, short-term investments and restricted cash. During the three months ended October 31, 2023, MongoDB generated $38.4 million of cash from operations, used $2.1 million of cash in capital expenditures and used $1.4 million of cash in principal repayments of finance leases, leading to free cash flow of $35.0 million, compared to negative free cash flow of $8.4 million in the year-ago period.