Swaggy's Top Stonks - Earnings Debrief & EV Boom
Swaggy's Top Stonks - Earnings Debrief & EV Boom
Swaggy’s Top Stonks. We compile and analyze data from multiple sources bringing you the top trending tickers from around the internet. If you haven’t subscribed already, please do so below.
Swaggy's Top Stonks
Together with... TrendSpider
November 16, 2021
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Today's edition is short and sweet with the earnings debrief. A quick look at earnings hits, misses, and what to keep an eye on.
Today's Letter
Earnings Debrief
Upcoming Earnings
Hot Sector - EVs
Trending Tickers
Earnings Debrief
A summary of companies that reported yesterday and today.
Oatly (OTLY)
EPS -$0.07 vs -$0.09 est. (beat)
REV $171m vs $186m est. (miss)
Shares of OTLY traded down 20% yesterday after the report and have bounced +5% in today's action.
Butterfly (BFLY)
EPS -$0.07 vs -$0.25 est. (beat)
REV $14.6m vs $19.5m est. (miss)
Shares of BFLY dropped 20% after yesterday's report, but ended up recovering 10% from the day's lows. Shares are up 9% today making for nearly a full post-earnings recovery.
Lucid (LCID)
EPS -$0.43 vs -$0.25 est. (miss)
REV $0.232m vs $1.25m est. (miss)
Too early to put any real meaning behind LCID's EPS and revenue estimates. The stock is ripping 15% today and is up 175% in the last 3 months.
Desktop Metal (DM)
EPS -$0.26 vs -$0.09 est. (miss)
REV $25.4m vs $27.1m (miss)
It's going down in the DM, literally. Shares of Desktop Metal are down 20% on this earnings miss.
Walmart (WMT)
EPS $1.45 vs $135.7b est. (beat)
REV $140.5b vs 135.7b est. (beat)
Walmart beat on top and bottom line. Shares have slipped 3% in today's action and the stock is now trading back to September 2020 levels. Feels like WMT has been in the $130-140 range for years.
Home Depot (HD)
EPS $3.92 vs $3.40 est. (beat)
REV $36.8b vs $34.5b est. (beat)
Shares are up 5% after a solid earnings report.
Riskified (RSKD)
EPS -$0.08 vs -$0.38 est. (beat)
REV $52.5m vs $51m est. (beat)
The company provided positive guidance and revised revenue to $226m from $224m for FY 2021. The stock is down more than 20% today and down over 60% from the post-IPO high of $37+. RSKD currently trades at $14 per share.
Sea Ltd. (SE)
EPS -$0.84 vs -$0.65 est. (miss)
REV $2.7b vs $2.45b est. (big beat)
Raises guidance for FY 2021 to 5.0-5.2B and shares are down ~5% in today's action.
D-Local (DLO)
EPS $0.06 vs $0.07 est. (miss)
REV $68.6m vs $65.1m est. (beat)
Solid earnings as sales show strong growth. Stock is up 2% in after-hours trading.
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Upcoming Earnings
A few more names on the list for tomorrow and Thursday. Nvidia's is probably the most notable of them all followed by China stocks on Thursday (that have taken a beating recently).
Wednesday
Target (TGT) - BMO
Baidu (BIDU) - BMO
iQIYI (IQ) - BMO
Nvidia (NVDA) - AMC
Thursday
Alibaba (BABA) - BMO
JD (JD) - BMO
Applied Materials (AMAT) - AMC
Hot Sectors - EVs
Seems like EV's have taken over the most talked about stocks on many fronts. Are they being valued this high simply as a proxy to Tesla? I'll break down the top EV names being discussed on WallStreetBets and around other socials.
Tesla (TSLA): The original OG of EV's. Not much is required to be said of this one as is it's in a class of it's own. Of note, Elon has publicly stated he will be selling shares and dares politicians to make moves forcing him sell more.
Rivian (RIVN): The Rivian IPO was the talk of the town last week. After nearly doubling in 5 trading days the stock is valued at over $140 billion with 0 revenues. I can't remember the last time a company was valued this high without any sales. They do have a beautiful car though!
Lucid (LCID): Lucid is also along for the EV ride, pun intended. The name has been one of the most talked about stocks on WSB for a couple weeks now. Shares are up 15% today and over 100% in the last month.
Gores Guggenheim (GGPI): You have probably never heard of GGPI. It hasn't trended that much on WSB, but the name has been coming up on other social platforms. GGPI is a SPAC that is set to merge with EV company, Polestar. Shares are up 40% in the last 7 days trading in parallel with the EV sympathy play.
WallStreetBets - Most Mentioned Equities
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