Financial Movers

Salesforce (#CRM) stock has been flat for the majority of the year. Shares are up +3.21% YTD and have had difficulty breaking out and staying above $230. Will earnings change that?

This evening, #Salesforce reported Q1 Non-GAAP EPS of $1.21 beats by $0.33 and revenue of $5.96B (+22.4% Y/Y).

On top of the earnings beat, the tech gave Q2 revenue guidance of $6.22B, up Approximately 21% Year-Over-Year. Is the breakout imminent for Salesforce stock? Will this be the best tech stock to buy for 2021?

This month, Nvidia (#NVDA) announced a four-for-one stock split that'll make the high flying tech stock more affordable to investors and employees. Because the stock is trading at $628 and is expected to be into fourths, which would put it at $157, many investors are wondering if the stock is a buy.   Instead of questioning the split, investors should really be analyzing the earnings to calculate if the stock is a buy. This evening, #Nvidia announced their Q1 earnings and beat expectations. The company reported Non-GAAP EPS of $3.66 (beats by $0.38) and revenue of $5.66B (+83.8% Y/Y).   If the balance sheet is strong and revenues are increasing, then that may be a good sign that the stock is a buy.

Since making its all time high of $283.19 in February of this year, Square stock has been able to get back to highs and is now trading at $216.20 (-23.7%).

Earlier this month, Square (#SQ) reported Q1 earnings and beat analyst expectations. The fintech company announced Non-GAAP EPS of $0.41 (beats by $0.25) and revenue of $5.06B (+266.7% Y/Y).

Do the growth numbers warrant a buy on dip? Although shares may be down -23.7%, the company does have a PE of 139.5 with a market cap of $91B. Will the dip keep dipping?

Qualcomm (#QCOM) is currently trading at $132.91, which is down -21% from highs that were made in December of 2020. The semiconductor company reported FQ2 earnings last month and boasted solid numbers, ultimately beating analyst expectations with Q2 Non-GAAP EPS of ($1.90 beats by $0.23) and revenues of $7.94B (+52.7% Y/Y).

What appears to have the stock stalling is guidance. For Q3, #Qualcomm expects to see $$7.1-7.9B in revenue, which will put revenues at a decrease, or flat.

This is the second quarter that revenues are guided to fall, or be flat, and many investors are being cautious.

Boeing (#BA) stock is currently trading at $235 and looks primed to take-off!

Last month, the aviation company reported Q1 earnings and left investors feeling mixed. They announced Q1 Non-GAAP EPS of -$1.53 (misses by $0.46) and revenue of $15.22B (-10.0% Y/Y).

But is the light at the end of the tunnel? Commercial airplane deliveries are up +54% and defense revenues also grew. To top it all off, they have a backlog of $364B, which is more than double the current market cap of $133B. Things are only looking up from here!

Take-Two Interactive Software (#TTWO) announced FQ4 earnings and topped analyst expectations! The video game developer reported GAAP EPS of $1.88 (beats by $0.90) and net bookings of $784.53M (+7.6% Y/Y).

Q1 guidance for revenues came in lower than current revenues, but investors don't seem to mind. Shares are up +7% since earnings reported! During the earnings call, the company stated that they plan on releasing 62 games between now and through fiscal year 2024. New releases equates to consumers buying. If consumers are buying then the company is making money!

Disney (#DIS) reported FQ2 earnings and gave investors mixed emotions. The company reported GAAP EPS of $0.50 (beats by $0.44) and revenue of $15.61B (-13.3% Y/Y).

Revenue missed analyst expectations by $320M, but not too many are surprised because some parks are still closed and others are operating at less than full capacity. What analyst and investors were primarily watching were the Disney+ subscriber numbers, and those came in below consensus. Total paid subscribers totaled 103.6M and analyst wanted 109.3M. Shares of #Disney were recently trading at an all time high of $203 and have since dipped to $170 (-16.6%).

Should investors be buying the dip at $170 even if subscriber numbers aren't at expected levels?

Alibaba (#BABA) announced their FY'21 Q4 earnings that gave investors mixed feelings. The Chinese eCommerce giant missed EPS, but reported strong revenue growth of +64% Y/Y.

Shares of Alibaba closed today at $206.08, which are down -35% from the stock's all time high in October of last year. Should investors be buying the dip in Alibaba stock?

It hasn't been since March of this year that the overall market has taken a dip and given investors buying opportunities. This week the S&P 500 is down -4% and the tech heavy Nasdaq is trading down -7% from highs.

I love to buy dip and sell rips so right now I'm implementing my buy the dip strategy and there are 13 opportunities that I currently see. 2 index support buys and 11 stock support buys!

Without a doubt I am buying this dip!

Palantir (#PLTR) announced Q1 earnings and beat analyst expectations! The company reported GAAP EPS of -$0.07 (beats by $0.01) and revenue of $341M (+48.7% Y/Y).

Shares of Palantir didn't move on the earnings release, but did gain +9.42% after the company announced that it's considering holding #Bitcoin on the balance sheet and will accept it as payment from customers. Last month, co-founder Peter Thiel claimed that he is pro-Bitcoin but said,"whether if at this point Bitcoin should also be thought of in part as a Chinese financial weapon against the U.S."

Is Palantir's news of Bitcoin acceptance a reason to get into the stock, or should the news be disregarded and eyes kept on the numbers?