In today’s briefing:
- WTI Bear Triangle a Growth Negative
- Nvidia: Don’t Let Narratives Fool You (Again)
- The Coca-Cola Company: Major Drivers
- Airbnb Inc.: Major Drivers
- Marriott International Inc.: Major Drivers
- Zoetis Inc.: Launch Of CircoMatch & Other Drivers
- Devon Energy Corporation: Major Drivers
- Ecolab Inc.: Collaboration With TotalEnergies & Other Drivers
- Gartner Inc.: Major Drivers
WTI Bear Triangle a Growth Negative
- WTI’s bearish flat/triangle is setting up to break lower and a harbinger of weaker growth in coming months amid a stronger USD.
- Bearish oil also gels with our stronger dollar and weaker demand view. It will also bring energy shares back to earth.
- New low targets at 69 and 65 then review for a tactical recovery attempt.
Nvidia: Don’t Let Narratives Fool You (Again)
- Nvidia’s risk-reward profile remains unattractive, according to the company’s recent earnings report.
- Nvidia’s stock-based compensation also highlights some problems related to inventory levels and the amount of stock- based compensation.
- The company’s share price has risen 14% following recent earnings, the report says.
The Coca-Cola Company: Major Drivers
- Coca-Cola had a successful year in 2022.
- In spite of the difficult macro environment, the company performed well and expanded by concentrating on broadening the scope of its offerings.
- Baptista Research looks to evaluate the different factors that could influence the company’s price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.
Airbnb Inc.: Major Drivers
- Airbnb had a solid year in 2022 with revenues growing 40% year-over-year.
- Moreover, they saw that guest bookings for trips continued to rise, maintaining a robust backlog for Q1.
- Excluding all of the Mainland China listings, the team increased supply by 900,000 listings, or 16%, in comparison to a year ago.
Marriott International Inc.: Major Drivers
- Marriott International had a decent business recovery in 2022 and the company delivered an all-around beat in the last quarter.
- The number of leisure transient room nights in the fourth quarter increased compared to 2019.
- Their mobile app users, digital room nights, and digital income all increased in 2022, each by 32% year over year.
Zoetis Inc.: Launch Of CircoMatch & Other Drivers
- Zoetis delivered a decent set of results for the last quarter of 2022 meeting analyst expectations as well as the high end of its management guidance.
- Despite the economic challenges, ongoing pandemic recovery, and the political unpredictability brought on by the war in Ukraine, they delivered operational growth for the year in each of their top 13 markets.
- The company’s unique companion animal portfolio drove its 8% operational revenue increase for the year, growing 14% operationally.
Devon Energy Corporation: Major Drivers
- Devon Energy delivered a mixed performance in the last quarter of 2022.
- The company managed to surpass the revenue expectations of Wall Street but its earnings were well below par.
- We give Devon Energy Corporation a ‘Buy’ rating with a revised target price.
Ecolab Inc.: Collaboration With TotalEnergies & Other Drivers
- Ecolab delivered a mixed performance in the fourth quarter.
- Organic sales increased by 12%, and sector-wise growth was strong but the company failed to meet the revenue expectations of Wall Street.
- Healthcare & Life Sciences resumed growth and delivered 7% organic growth.
Gartner Inc.: Major Drivers
- Gartner drove a strong performance with double-digit growth in contract value, revenue, EBITDA and EPS.
- Its research business continues to be its greatest and most lucrative segment, with a 9% year-over-year increase in revenue.
- In addition, they helped 9 of their top 10 countries experience double-digit growth, with the tenth experiencing high single-digit growth.
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