US Markets | Investor Signals

Rapid 7

Posted on May 10, 2023 | by Leon Hinde | Leave a Comment

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 May 9, 2023 | 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.

Zscaler

Posted on May 9, 2023 | by Leon Hinde | Leave a Comment

ZS:NAS raised the full-year revenue outlook to US$1.59bn vs. US$1.56bn expected, EBIT upgraded to US$220-224m vs. US$213-215m.

Okta

Posted on May 9, 2023 | by Leon Hinde | Leave a Comment

OKTA:NAS recently shifted to Algo Engine buy conditions and has been a focus trade for our Inner Circle members.

Paypal

Posted on May 8, 2023 | 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.

Pro Trade: XPP

Posted on May 8, 2023 | by Leon Hinde | Leave a Comment

XPP:ARC offers a leveraged play to a recovery in Chinese stocks. Ali Baba, JD.com, and others look oversold.

S&P500 Earnings

Posted on May 8, 2023 | by Leon Hinde | Leave a Comment

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.