Swaggy's Top Stonks - Earnings Sinkers & Swimmers
Swaggy's Top Stonks - Earnings Sinkers & Swimmers
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... The Motley Fool
November 9, 2021
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This is an earnings run-down where we look into movers of the week and what's driving the action. Let's go.
Today's Letter
Today's Sinkers & Swimmers
Post-Market Earnings Movers
Upcoming Earnings
Trending Tickers
Sinkers & Swimmers
We had some interesting movers so far this week. It seems that unless companies are reporting blow-out quarters the direction they move is to the downside. Is this due to the forecast in tightening monetary policy that is expected in 2022? Tapering in QE might cause some headwinds for the market, but we'll find out several months from now once the Fed makes the final decision.
Today's Trading Action
The Trade Desk (TTD) stock is up 8% in trading today after the company reported EPS of 0.18 on estimates 0.15. They also beat on revenues by 6%. Not many upgrades on this name recently. We might see some new ones roll-out in the coming weeks giving another bump to the share price.
PayPal (PYPL) shares traded down 11% today after the company beat on EPS with a slight miss on revenues, however, they revised guidance to the downside for next quarter. PayPal shares are down 30% in the last 3 months.
Roblox (RBLX) shares are trading up 40% after reporting eps of -$0.13 vs -$0.14 expected and in-line revenues. The stock is up big on news of increased DAUs last quarters. Earnings were in-line after DAUs up over 30% YoY and the stock is up 35%? Makes you wonder sometimes.
SmileDirectClub (SDC) had an abysmal quarter. The company reported a -75% surprise miss on EPS and a -25% surprise miss on revenues. Several months ago SDC had a small boost in share price on a note regarding expansion into international markets. Tough quarter for the company and the shorts are having their way.
Palantir (PLTR) shares are trading down 13% today after reporting in-line EPS and and slight beat on revenues. PLTR added 34 net new customers in Q3 and raised outlook on Q4 guidance. Please refer to opening statement if you are wondering why PLTR is trading down after solid performance last quarter.
QuantumScape (QS) traded up nearly 25% yesterday after a positive response to the infrastructure bill. QS is in early-stage development of solid-state lithium batteries for electric vehicles and other applications.
AMC Entertainment (AMC) had a solid quarter reporting EPS of -$0.44 vs est. -$0.54 and a 4% revenue beat to the upside. The stock traded somewhat flat in post-market trading yesterday, but has succumbed to the downside today and is down more than 12%.
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Post-Market Earnings Movers
Today's post-market earnings hits & misses, brought to you in "slightly delayed" real-time by Swaggy.
Nio (NIO) is reporting later this evening, however, shares were down 6% in trading hours today.
Coinbase (COIN) reported EPS: of $1.62 vs $1.79 est. Revenue: $1.31B vs $1.56B est. Shares are trading down 7% in after-hours back to $330 level.
Upstart (UPST) closed the day down 6% and has lost another 16% in after-hours on their earnings results. They reported EPS $0.60 vs $0.35 est. Revenues: $228m vs $215m est. Crushed earnings and stock is down bigly.
FuboTV (FUBO) is down 10% in after-hours action after reporting underwhelming earnings.
Plug Power (PLUG) reports EPS of -$0.19 vs -$0.09 est. Revenue: $143.92M vs $143.93M est. PLUG is trading down 4% in after-hours.
Unity (U) reported in-line EPS and beat on revenues $286M vs $266M est. The stock is down 10% in after-hours. Note the stock had a huge run-up over the last several weeks.
Purple Innovation (PRPL) missed on Revenue: $170m vs $199m est. and EPS: -$0.05 vs $0.17 est. PRPL is down 20%(!) after-hours.
Upcoming Earnings
There are still a whole bunch of interesting earnings coming up from tomorrow on. Remember,
BMO = Before Market Open
AMC = After Market Close
I don't write AMC frequently because I like the stock THAT much ;)
Wednesday
Fiverr (FVRR) - BMO
Monday (MNDY) - BMO
SoFi (SOFI) - AMC
Disney (DIS) - AMC
ContextLogic (WISH) - AMC
Affirm (AFRM) - AMC
Beyond Meat (BYND) - AMC
Root (ROOT) - AMC
Thursday
Paysafe (PSFE) - BMO
Sundial Growers (SNDL) - AMC
Blink (BLNK) - AMC
Coupang (CPNG) - AMC
Friday
AstraZeneca (AZN) - BMO
WallStreetBets - Most Mentioned Equities
What's happening over at WallStreetBets? Tickers are mixed based on earnings reactions, anticipated earnings, and the strong performance in the chip sector by AMD and NVDA.
Honorable mention: DoorDash (DASH) is making it's way to the top of the list and as usual, sentiment is very bearish.
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