Biggest Earnings Misses
2.25k followers • 5 symbols Watchlist by Yahoo Finance
This list tracks the largest earnings misses for companies recently reporting earnings. This list is produced daily using the real-time earnings results reported by Selerity and limited to the top 30 stocks that meet the criteria.
Curated by Yahoo Finance
This list tracks the largest earnings misses for companies recently reporting earnings. This list is produced daily using the real-time earnings results reported by Selerity and limited to the top 30 stocks that meet the criteria.
Background
Yahoo Finance employs sophisticated algorithms to monitor and detect trends in the Global Financial Markets. We bring these insights to you in the form of watchlists.
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How are these weighted?The stocks in this watchlist are weighted equally.
Performance
| Watchlist | Change Today | 1 Month Return | 1 Year Return | Total Return |
|---|---|---|---|---|
| Biggest Earnings Misses | +2.87% | - | - | - |
| ^GSPC | +1.49% | +0.25% | +41.30% | +4388.01% |
5 Symbols
| Symbol | Company Name | Last Price | Change | % Change | Market Time | Volume | Avg Vol (3 month) | Market Cap |
|---|---|---|---|---|---|---|---|---|
| BABA | Alibaba Group Holding Limited | 209.51 | +3.43 | +1.66% | 4:00 PM EDT | 31.63M | 16.43M | 571.56B |
| APD | Air Products and Chemicals, Inc. | 301.05 | +1.27 | +0.42% | 4:00 PM EDT | 698.52k | 951.37k | 66.63B |
| EA | Electronic Arts Inc. | 138.62 | -0.51 | -0.37% | 4:00 PM EDT | 2.49M | 2.41M | 39.87B |
| PLTR | Palantir Technologies Inc. | 20.08 | +1.71 | +9.31% | 4:00 PM EDT | 79.41M | 85.11M | 37.69B |
| WYNN | Wynn Resorts, Limited | 126.67 | +4.25 | +3.47% | 4:00 PM EDT | 2.02M | 2.44M | 14.65B |
- TipRanks
Palantir Stock: This One Could Require Some Patience
Palantir Technologies (PLTR), which is a top provider of analytics and AI (artificial intelligence) services and technology, saw its stock drop ten days in a row prior its earnings report this past week. Of course, this is nothing new for high-growth stocks lately. Wall Street has been dumping most of these securities. Palantir stock did get some relief when it reported its Q1 results on May 11. On the news, shares jumped nearly 10% to $20.21. Yet it was not able to hold on, and the stock price has since sunk to around $20, bringing the market capitalization to $37 billion. Q1 Results So, let’s get a rundown on the Q1 numbers. The company reported a net loss of $123 million or 7 cents a share. On an adjusted basis, the earnings per share was 4 cents, which was in-line with the consensus forecast. As for revenues, they soared 49% to $341.2 million, which handily beat the Street estimate of $332 million. The biggest driver was the U.S. government business, which saw an 83% spike. (See Palantir Technologies stock analysis on TipRanks) Note that when Palantir was founded – back in 2003 – the focus was generally on contracts for the CIA and the Defense Department. However, over the past decade, the company has been moving more aggressively into the commercial sector. In Q1, commercial segment revenues were $133 million. Something else to consider about the quarterly results: Palantir said that it will accept Bitcoin from its customers and might even add this digital asset to its balance. As seen recently with Tesla (TSLA), this may prove to be a challenge. Tesla recently indicated it will no longer accept Bitcoin for orders because of concerns about the environmental impact of the digital mining. Palantir's Technological Advantage Palantir generally caters to larger enterprise customers, as the average revenue per customer is about $8.1 million. In fact, the top 20 customers are at a hefty $36.1 million. Additionally, the company has been able to scale its operations with proprietary technologies. The latest offering is Apollo for Edge AI. Launched in April, it is already getting traction. At the heart of this system is micro models, which are similar to microservices that allow for modern cloud computing. The technology essentially makes it much easier and more effective to deploy AI models across complex environments. This technology holds enormous potential. For example, it can allow for the automation of factories, the use of sensors on oil rigs or even applications in space. All in all, Apollo for Edge AI should expand the company’s addressable market opportunity. Wall Street’s Take Turning to the analyst community, the consensus rating is a Hold, with 2 Buys, 3 Holds and 4 Sells logged over the past three months. The average analyst price target is $21.75, which implies 8.3% upside potential. Bottom Line on Palantir Palantir has built a powerful platform and is positioned to benefit from the secular trend of AI. Few companies have a similar level of experience, set of strong technologies and team of data scientists. On the other hand, in today’s environment, Wall Street is not particularly interested in growth plays – especially those with high valuations. Consider that Palantir is trading at about 17 times sales, even with the recent drop-off in the stock price. Therefore, it may be best to hold off and wait for things to settle before making a purchase. Disclosure: Tom Taulli does not have a long or short position in Palantir stock. Disclaimer: The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities.
- Bloomberg
Soros Bought Up Stocks Linked to Bill Hwang’s Archegos Implosion
(Bloomberg) -- Billionaire George Soros’s investment firm snapped up shares of ViacomCBS, Discovery and Baidu as they were being sold off in massive blocks during the collapse of Bill Hwang’s Archegos Capital Management.Soros Fund Management bought $194 million of ViacomCBS Inc., Baidu Inc. stock valued at $77 million, as well $46 million of Vipshop Holdings Ltd. and $34 million of Tencent Music Entertainment Group during the first quarter, according to a regulatory filing released Friday. A person familiar with the fund’s trading said the company didn’t hold the shares prior to Archegos’s implosion.Archegos, the family office of former hedge fund manager Hwang, fell apart during the last week of March after amassing large leveraged positions in a concentrated portfolio of U.S. and Chinese companies. At its peak, the family office had more than $20 billion of capital and total bets exceeding $100 billion.Hwang was wiped out in just days after investments including ViacomCBS and Discovery tumbled, triggering margin calls from global banks, who then sold the stocks in the big block trades. The fiasco is expected to cost the finance industry about $10 billion, has prompted an investigation by the U.S. Securities and Exchange Commission and caused heads to roll at Credit Suisse Group AG, where the hit exceeds $5 billion.The 13F filing provides one of the first examples of how a hedge fund attempted to capitalize on the distressed remains of Archegos. It also offers an insight into Soros’s investment firm, which is run by Chief Investment Officer Dawn Fitzpatrick.She told Bloomberg in March that she was willing to jump on dislocations in the market, investing $4 billion during the pandemic-induced swoon a year ago, including buying residential mortgages on the cheap. Soros returned almost 30% in the 12 months through February and manages $27 billion across a range of strategies.“When there’s a dislocation, we’re prepared to not just double down but triple down when the facts and circumstances support that,” Fitzpatrick, 51, said in a “Front Row” interview on Bloomberg TV.Soros also increased its bet on Amazon.com Inc. and homebuilder DR Horton Inc., which is now its second-largest public equity position.The 13F, which money managers overseeing more than $100 million in U.S. equities must file quarterly, revealed that Soros held $4.5 billion of U.S. equities, down $77 million from the prior quarter.The biggest exit in the quarter was Palantir Technologies Inc. Soros sold 18.5 million shares valued at about $435 million. The firm originally revealed it owned a stake in the controversial data-mining company controlled by Peter Thiel in November, but rapidly issued a statement saying the original investment was made in 2012 and it regretted the decision.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
- Benzinga
Benzinga's Bulls And Bears Of The Week: Apple, Coinbase, Disney, Nike, Uber And More
Benzinga has examined the prospects for many investor favorite stocks over the past week. The past week's bullish calls included the iPhone maker and software and aerospace giants. Semiconductor and ride-sharing leaders were among the bearish calls seen during the week. The big U.S. indexes ended another volatile week in the red, led by a more than 2% retreat in the Nasdaq. The struggle between growth and value remains, as tech stocks continue to struggle. Inflation fears were boosted by higher than expected Consumer Price Index and Producer Price Index figures, leaving investors to keep a close eye on what the Federal Reserve may do next. While the flow of earnings reports (which have been largely positive) began to slow, a reopening bellwether disappointed last week. Attention turns to the major retailers this coming week. The past week also saw a cyberattack with major consequences and the expansion of COVID-19 vaccine efforts, while the semiconductor shortage continues to hurt the auto industry and others. Also, it was another rollercoaster ride for cryptocurrency investors, and Securities and Exchange Commission rule changes could affect retail investors. Through it all, Benzinga continued to examine the prospects for many of the stocks most popular with investors. Here are a few of this past week's most bullish and bearish posts that are worth another look. The Bulls Apple Inc. (NASDAQ: AAPL) will have more difficult comps as it emerges from the pandemic but that will not slow revenue growth. So says Rachit Vats' "Apple To See Revenue Growth Ahead Of Street Expectations Through 2025, Munster Estimates: What You Need To Know." For a second opinion, check out A Bullish Take On Apple Stock. "Walt Disney Shares Pull Back After Q2 Earnings: What Do Analysts Think?" by Wayne Duggan examines why Walt Disney Co (NYSE: DIS) remains a strong reopening play despite disappointing subscriber numbers. For more on Disney, see What Does Walt Disney's Debt Look Like? In "Why Microsoft's Risk/Reward Is Highly Favorable," Shanthi Rexaline reveals why one key analyst projects up to 50% upside in shares of Microsoft Corporation (NASDAQ: MSFT) over the next five years. Also have a look at Microsoft Stock Options Traders Are Betting The Pullback Is Over. In Melanie Schaffer's "Boeing Options Traders See Higher Prices Ahead," discover why options traders believe Boeing Co (NYSE: BA) is poised to soar higher, even if the airline industry has yet to return to pre-pandemic levels. Chris Katje's "Nike Just Does It: Analyst Likes Favorable Risk Reward, Shift From Wholesale To DTC" discusses what has one Nike Inc (NYSE: NKE) analyst growing increasingly confident. The Bears "Intel Analyst Turns Bearish As Rival AMD Charges Forward" by Shanthi Rexaline suggests that turnaround efforts under the new Intel Corporation (NASDAQ: INTC) CEO do nothing to address continuing market share losses to its competitor. Also see If You Invested ,000 In Advanced Micro Devices Stock One Year Ago, Here's How Much You'd Have Now. In "Coinbase's Stock Could Fall To 0 Or Lower, Says Research Firm," Adrian Zmudzinski looks at why failure to reach future profit expectations could bring Coinbase Global Inc. (NASDAQ: COIN) stock down by 67% from its current share price. On the other hand, check out Coinbase Analysts: Crypto Exchange Well Positioned to Continue Strong Growth Trajectory. Rachit Vats' "Cathie Wood Sheds .6M Alibaba Shares On Earnings Day" shows that ARK Invest dumped Alibaba Group Holding Ltd (NYSE: BABA) shares after its earnings report and made other big changes last week. Alibaba Crosses A Critical Support Level: Is This The Last Straw? offers a technical look at what is up with the stock. In Adam Eckert's "Joe Terranova Says He Sold His Position In Uber," find out what prompted this chief market strategist to cut his losses, even if he sees Uber Technologies Inc (NYSE: UBER) as a great company. Shares of electric vehicle maker Fisker Inc. (NYSE: FSR) staged a small rebound, according to "Dead Cat Bounce Gives Fisker Shareholders False Hope" by Mark Putrino. Could this bounce be mostly short covering? At the time of this writing, the author had no position in the mentioned equities. Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter. Photo by Laurenz Heymann on Unsplash. See more from BenzingaClick here for options trades from BenzingaBarron's Picks And Pans: Hannon Armstrong, Seagate, Tesla, Virtu Financial And MoreThe Past Week's Notable Insider Buys: Amphenol, Aldeyra, Werewolf Therapeutics And More© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
