In today’s briefing:
- Applied Materials Inc.: Major Drivers
- Twilio Inc.: Major Drivers
- NVIDIA Corporation: Major Drivers
- Gold (XAU) – Potential to Confirm a Renewed MT Uptrend at the Weekly Close
- HubSpot Inc.: Major Drivers
- Roblox Corporation: Collaboration With H&M & Other Drivers
- Servicenow: Not Immune to Macro Headwinds
- Signs Point to More Downside Ahead; Breadth Deteriorating; Buys in Home Furnishings and Shippers
- Albemarle Corporation: Launch Of The Ketjen Brand & Other Drivers
- Palo Alto Networks Inc.: Major Drivers
Applied Materials Inc.: Major Drivers
- Applied Materials performed well in the first fiscal quarter and delivered an all-around beat.
- For the seventh consecutive quarter, the company increased its backlog.
- We give Applied Materials a ‘Hold’ rating with a revised target price.
Twilio Inc.: Major Drivers
- Twilio delivered a strong result with revenues above Wall Street expectations and strong profitability as against the analyst expectation of a negative EPS.
- The fact remains that its revenue growth lags behind booking growth.
- In this report, we have carried out a fundamental analysis of the historical financial statements of the company.
NVIDIA Corporation: Major Drivers
- Despite macroeconomic uncertainty, NVIDIA’s stock has been on a solid bull run.
- The company’s revenue was down in the quarter but managed to surpass analyst expectations.
- The sequential growth in revenues was driven by the robust reception of its 40 Series GeForce RTX GPU based on the architecture of Ada Lovelace.
Gold (XAU) – Potential to Confirm a Renewed MT Uptrend at the Weekly Close
- At TMA we deliver high probability outcomes by focusing on our 3 pillars of technical analysis. •1) Response to key levels. •2) Price action. •3) Momentum confirmation.
- Gold retraced almost 50% of its aggressive Q4/Q1 uptrend in the past 4-5 weeks. The correction has bottomed at critical MT support.
- The weekly close has the potential to deliver a bullish MT reversal pattern this week and likely set up the next phase of the MT uptrend, targeting 2070/75.
HubSpot Inc.: Major Drivers
- HubSpot delivered profitable growth in the quarter with revenue increasing 35% year on year in constant currency in Q4.
- The company delivered an all-around beat and saw an operating profit margin of 14% in the fourth quarter and 10% for the year.
- In this report, we have carried out a fundamental analysis of the historical financial statements of the company.
Roblox Corporation: Collaboration With H&M & Other Drivers
- Roblox Corporation is delivered a strong Q4 performance with revenues exceeding the analyst consensus estimate and narrower-than-expected losses.
- With the exception of the first quarter of COVID, they added more new payers than ever before.
- We give Roblox Corporation a ‘Hold’ rating with a revised target price.
Servicenow: Not Immune to Macro Headwinds
- 3QFY22 cRPO growth guidance likely to come as a disappointment; elongated deal cycles becoming apparent
- Not losing sight of the broader opportunity; subdued guidance helps to reset investor expectations
- FV of USD545 (previously USD668)
Signs Point to More Downside Ahead; Breadth Deteriorating; Buys in Home Furnishings and Shippers
- In last week’s Compass (Feb. 22) we discussed our belief that a pullback has begun, and signs continue to point to more downside ahead on the broad market indexes
- There has been four failed attempts to reclaim $190 on the Russell 2000 (IWM) and $297 on the Nasdaq 100 (QQQ) over the last five trading days.
- These remain important lines in the sand moving forward. Attractive stocks: TPX, LZB, SNBR, ETD, HOFT, FLXS, KEX, SBLK, CMRE, DAC, EGLE, GNK, ASC, GSL, DSX, SB, NM, EURN, more
Albemarle Corporation: Launch Of The Ketjen Brand & Other Drivers
- Albemarle Corporation’s fourth quarter results were mixed as the company failed to meet the revenue expectations of Wall Street.
- However, its adjusted EBITDA increased by more than 400% yearly resulting in an earnings beat.
- While higher lithium prices were a factor in these outcomes, there was also a notable increase in volume growth.
Palo Alto Networks Inc.: Major Drivers
- Palo Alto Networks had another strong quarter and delivered an all-around beat while generating substantial free cash flows.
- The management informed analysts that some projects got descoped or delayed while most continued to be on track especially in its hardware pipeline.
- They also closed the acquisition of Cider and brought CICD’s security capability of Cider to its platform.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
