Financial Movers

Yesterday Costco (COST) announced their FQ2 earnings and beat analyst expectations! The company reported Non-GAAP EPS of $2.55 (beat by $0.12) and revenue of $44.77B (+14.6% Y/Y).

Shares of #Costco have been in a downtrend since November of last year after the stock made a new all time high at $393.15. Now shares are trading at $319.04 (-19.0%), which are prices that they were trading at in January of 2020. Costco has increased sales, net income, and e-commerce tremendously over the past year, so is this a bargain level for investors?

Since March of 2020 the stock market has been on a massive run! Now, it's March 2021 and stocks are struggling to keep the run up. Many stocks are in consolidation, or trading far away from highs. The S&P 500 is (-4%) off from highs, the Nasdaq (-9%), and the famous ARKK (-24%).

As the averages continue to struggle there are many deals to be bought from individual stocks. Many tech names such as Apple (#AAPL) and Adobe (#ADBE) are (-15%) off from highs and dragging the overall market down. Investors should be buying dips and taking advantages of sales while prices are low! In this video I'm giving you 16 setups that I'm watching and my favorite stocks that I want to add to my portfolio.

This morning Target (#TGT) reported Q4 earnings and beat analyst expectations! The company announced Q4 Non-GAAP EPS of $2.67 (beat by $0.13) and revenue of $28.34B (+21.1% Y/Y).

Although #Target beat revenue expectations by $920M, shares of the company closed down -6.77%. On top of an earnings beat, the company had a slew of good news including a growing digital platform and hire gross margins of 26.8%. Is now a good time for investors to step in and add target stock to their portfolio?

Last night Zoom Video (#ZM) announced their Q4 earnings and beat analyst expectations! The company reported Q4 Non-GAAP EPS of $1.22 (beat by $0.43) and revenues of $882.5M (+368.7% Y/Y).

It's no surprise that the company grew tremendously year over year, but the what the company predicts for this year's growth is a surprise! Total full fiscal year 2022 revenue is expected to be $3.760B, which is growth of +$1B from this past year. Will #Zoom continue to grow like they believe? Is it too late for investors to buy shares of Zoom?

Last night Nio (#NIO) announced Q4 earnings that left investors feeling mixed. The company reported Q4 Non-GAAP EPS of -$0.14 (beat by $0.24) and revenue of $1.02B (149.3% Y/Y).

Although revenue was up, the company failed to beat analyst expectations on revenue by $20M. With revenue numbers aside, the company did post solid growth numbers and are expecting the growth to continue. During Q4 2020, Nio delivered 17,353 vehicles, which is up from 12,206 deliveries in Q3 2020. Heading in Q1 2021 the company expects more growth to come with total vehicle delivery projected to be between 20,000 and 20,500. Should investors buy Nio as the company continues to grow?

This evening MercadoLibre (#MELI) reported Q4 earnings and missed on EPS but beat on revenue. The company announced EPS of -$1.02 and revenue of $1.33B (93.7% Y/Y).

In terms of stock price to earnings, #MercadoLibre is probably not what a value investor is looking for. But what their earnings lack their growth makes up for. The company is considered to be the Amazon south of the U.S. border and for good reason. They've grown their eCommerce marketplace tremendously while also creating their own payment platform, Mercado Pago, which is used in stores all across Latin America. Is this the best growth stock for investors to buy?

Last week Lowe's (#LOW) announced their Q4 earnings and beat analyst expectations! The company reported Q4 Non-GAAP EPS of $1.33 (beat by $0.12) and revenue of $20.31B (+26.7% Y/Y).

Revenue has been growing at Lowe's since 2010 and the company projects that they'll continue capturing market share as they head into 2021. Share holders of Lowe's have been rewarded by dividend growth for the past 57 years. As of now the company is paying out a 1.50% dividend yield, but they have a lot of room to continue to grow it and to repurchase shares. Since reporting earnings the company's stock has dipped from $170 to $159 (-6.45%). Is now a good buy on dip opportunity for investors that want to add Lowe's to their portfolio?

Earlier this week Rocket Companies (#RKT) announced their Q4 earnings and blew analyst expectations out of the water! The parent company of Quicken Loans reported Q4 Non-GAAP EPS of $1.14 (beat by $0.26) and revenue of $4.78B (+161.2% Y/Y).

Shares of the company surges in after hours after the report and opened the following day at $23.33 (+17%). But by close of the day the stock wasn't able to hold momentum and closed at $21.85, near the IPO price of $18 when the company went public in August of 2020. Is now a good time for investors to buy shares of RKT after their impressive quarter?

Earlier this week Best Buy (#BBY) announced Q4 earnings and reported solid numbers. Unfortunately the numbers didn't impress investors or analysts and the shares dipped. Although the company reported revenue of $16.9B (+11.2% Y/Y), investors were more worried about FY22 guidance. Initial FY22 outlook for comparable sales growth is in the range of (-2%) to +1%, which isn't signaling growth.

Shares of Best Buy have dipped (-13%) since the report. Should investors take advantage and buy BBY stock while it's off from its highs?

This evening Salesforce (#CRM) announced their Q4 earnings and beat analyst expectations! The company reported Non-GAAP EPS of $1.04 (beat by $0.29) and revenue of $5.82B (+20% Y/Y).

Since reporting, shares of #Salesforce have dipped down to $222.89 (-3.54%). Not only did the company report a record quarter, but it gave fiscal guidance for this year and are predicting to increase revenues by +21%. Should investors be buying shares of Salesforce as the stock takes a dip?