JD.COM

Posted on | by Leon Hinde | Leave a Comment on JD.COM

12/5 update: JD.COM released first quarter 2023 Highlights
Net revenues for the first quarter of 2023 were RMB243.0 billion (US$135.4 billion), an increase of 1.4% from the first quarter of 2022. Income from operations for the first quarter of 2023 was RMB6.4 billion (US$0.9 billion), compared to RMB2.4 billion for the same period last year.

JD.COM is at a price level where we expect buying interest to build.

Rapid 7

Posted on | by Leon Hinde | Leave a Comment on Rapid 7

RPD:NAS announces First Quarter 2023 Financial Results

  • Annualized recurring revenue (“ARR”) of $728 million, an increase of 16% year-over-year
  • Total revenue of $183 million, up 16% year-over-year; Products revenue of $174 million, up 17% year-over-year
  • GAAP operating loss of $24 million; Non-GAAP operating income of $11 million
  • Surpassed 11,000 customers globally while growing total ARR per customer by 9% year-over-year

Paypal

Posted on | by Leon Hinde

PYPL:NAS has been consolidating between $71 & $76 for the past 8 weeks. The stock offers value and may break to the upside of the channel.

Q1 payment growth of 10% to US$354.5bn, Q1 adjusted EPS of $1.17 vs. $1.10 expected, expects Q2 revenue growth of about 6.5% to 7.0%, raised full-year guidance. PayPal had an excellent start to  2023, delivered a stronger-than-expected performance in the first quarter, and increased full-year EPS guidance.

    Paypal

    Posted on | by Leon Hinde

    PYPL:NAS has been consolidating between $71 & $76 for the past 8 weeks. The stock offers value and may break to the upside of the channel.

    Apply a stop loss at $71.04

    Note: Paypal reports March quarter earnings this Thursday.

    S&P500 Earnings

    Posted on | by Leon Hinde | Leave a Comment on S&P500 Earnings

    Quarterly S&P 500 earnings per share peaked at $54.

    Buffett expects the ‘majority of holdings to report lower earnings this year than last year’, citing a ‘very different climate than 6 months ago’. Buffett’s commentary about the economy is somewhat conflicting with the earnings results of the Berkshire conglomerate, where operating earnings for Q1 2023 increased 13% YoY.

    Changes in M2 tend to influence future changes in GDP. It suggests that additional weakness in GDP is to be expected. Employment appears to remain strong and is often used to support the view that recession is avoidable.