Netflix's $NFLX profits soar in Q1 2023, boosted by a crackdown on password sharing. Profits jumped to $2.3B.

Alphanso rates it a BUY with a good overall score of 7.8/10, citing excellent management, promising growth & strong profitability outlook.

#Alphanso #Netflix #Thread

Major markets ended the day in red with a major sell-off in the Tech sector. Dow $DJI was up 0.56%, S&P 500 $SPX was down 0.88% and Nasdaq $NDQ was down 2.05%. The 10-year Treasury was down 2 basis points at 4.62%. $PARA and $AXP were the top gainers while $SMCI and $NVDA were

Apple $AAPL has underperformed the markets significantly in the last 6 months and is down 1.5% today. Apple CEO Tim Cook and other executives have sold more than $70 million of stock this month. Investors are concerned about Apple falling behind in AI implementations, regulatory

American Express $AXP earnings are out. Stock is up more than 3%. Q1 EPS of $3.33 beats by $0.37. Revenue of $15.8B (+10.6% Y/Y) in-line. Guidance: 2024 revenue growth of 9% to 11% and EPS of $12.65 to $13.15 vs $12.81 consensus.
Alphanso rates it a buy with a score of 8.5/10.

Procter & Gamble $PG earnings are out. Stock is down 1.7%. Q1 EPS of $1.52 beats by $0.11. Revenue of $20.19B (+0.6% Y/Y) misses by $240M. The company raised the guidance for EPS for 2024. Alphanso rates it a buy with a score of 9.4/10.
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Markets are mixed after a suspected attack by Israel on Iran. Dow $DJI is trading up 0.30%, S&P 500 $SPX is down 0.14% and Nasdaq $NDQ is down 0.52%. The 10-year Treasury yield is down 3 basis points at 4.60%.
U.S. officials have said that Israel had launched a missile strike

Netflix $NFLX earnings are out. Stock is down more than 7%. The planned stop to reporting subscriber numbers was the biggest surprise.
Q1 EPS of $5.28 beats by $0.76. Revenue of $9.37B (+14.8% Y/Y) beats by $90M. For Q2, Revenue of $9.49B vs. $9.53B consensus, EPS of $4.68 vs.

Major markets ended the day in red with the S&P 500 posting a 5-day losing streak. Dow $DJI was up 0.07%, S&P 500 $SPX was down 0.22% and Nasdaq $NDQ was down 0.52%. The 10-year Treasury was up 5 basis points at 4.64%. $GPC and $UAL were the top gainers while $LVS and $EFX were

Oracle $ORCL plans to invest over $8 billion in Japan in the next decade to meet the growing demand for AI and cloud infrastructure. Alphanso currently rates $ORCL a BUY with a 7.6/10 score, noting strong profitability and management. 🧵

#Alphanso #Thread

Netflix $NFLX earnings will be out today after the markets close. Expected EPS of $4.54 and a revenue of $9.28B (+13% Y/Y). Alphanso rates it a buy with a score of 7.8/10.
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Taiwan Semiconductor $TSM earnings are out. Stock is down more than 4%. Q1 EPS of $1.38 beats by $0.06. Revenue of $18.9B (+12.9% Y/Y) beats by $860M. For Q2, TSM expects revenue of $19.6B to $20.4B vs a consensus of $19.08B.
Alphanso rates it a buy with a score of 7.5/10.

Markets are higher as more earnings and economic data are released. Dow $DJI is trading up 0.40%, S&P 500 $SPX is up 0.20% and Nasdaq $NDQ is up 0.01%. The 10-year Treasury yield is up 2 basis points at 4.60%. Initial jobless claims arrived at 212K vs 215K estimated.
Economic

D.R. Horton $DHI earnings are out. Stock is up 5.2%. Q1 EPS of $3.52 beats by $0.47. Revenue of $9.1B (+14.3% Y/Y) beats by $880M. 2024 Guidance: Revenue of $36.7 B to $37.7B vs. $36.75B consensus.
Alphanso rates it a buy with a score of 9.7/10.
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Alaska Air $ALK earnings will be tomorrow. Expected EPS of -$1.05 and a revenue of $2.2B (flat Y/Y). Alphanso rates it a sell with a score of 3.6/10.
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Major markets ended the day in red as more earnings were released. Dow $DJI was up 0.03%, S&P 500 $SPX was down 0.34% and Nasdaq $NDQ was down 0.76%. The 10-year Treasury was down 6 basis points at 4.60%. $UAL was the top gainer while $JBHT was the biggest decliner.
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The S&P 500 gained 3.1% in Q1 2024, but not all tech giants shined. With the Fed holding rates steady and the market anticipating cuts, what's next for Q2? Our latest blog post dives into the market update and outlook:

#StockMarket #Investing #Q22024

alphanso.ai/blogs/q1-2024-…

D.R. Horton $DHI earnings will be tomorrow before the market opens. Expected EPS of $3.07 and a revenue of $8.23B (+5% Y/Y). Alphanso rates it a buy with a score of 9.7/10.
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$ASML earnings are out. Stock is down 6.1%. Q1 net bookings fell about 3.7% Y/Y to €3.6B, below the estimates of €4.63B. The company maintains its 2024 outlook, expecting sales to be similar to 2023. Alphanso rates it neutral with a score of 6.4/10.
#investing #semiconductor

United Airlines $UAL earnings are out. Stock is up 11.8%. Q1 EPS of -$0.15 beats by $0.42. Revenue of $12.5B (-1.8% Y/Y) beats by $150M. Notably, United said the demand environment remained strong in Q1 with a double-digit percentage increase in business demand, as compared to

Markets are higher as more earnings are released. Dow $DJI is trading up 0.26%, S&P 500 $SPX is up 0.44% and Nasdaq $NDQ is up 0.45%. The 10-year Treasury yield is down 4 basis points at 4.62%. Jerome Powell said recent data showed little progress on inflation.
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