Hey longs. One thing I found interesting during the last fb earnings call was mark was saying they’re going to separate the earnings for the vr labs entity. Fb wouldn’t do that with Instagram but they made a point of doing so with the metaverse stuff. I’m thinking that while the meta verse is years off when they announce quarterly earnings they want to specifically let investors know how it’s coming along. I think this is a good thing. Any thoughts? $Meta Platforms, Inc.(FB)$
$Roku Inc(ROKU)$ Roku now trading at roughly 6 times 2023 revenue and 2023 pe of 60. And that’s assuming they don’t beat estimates - which they always do. Based on last several years avg earnings and revenue beats, probably more like 5x 2023 revenue and 45 pe in 2023. And the whole OTT streaming transition is in the early innings. By 2025 it’s 3x sales and a 20 pe. This is a no brainer at $200.
Anytime this stock falls below $300 it'll reverse straight back into $300+ within a couple of weeks, guaranteed.Metaverse got announced and blew this thing up from the $200's to the $300's.Earnings Report was stellar, and once again blew this thing up from $280 to the stratosphere of $340+.Although I would've said I agreed with folks that thought this couldn't get back into the $200's after some of that action, I'm glad to be wrong since this gives such great opportunities for those wanting a piece of the pie at a nice rate. $Meta Platforms, Inc.(FB)$$NVIDIA Corp(NVDA)$
$ChargePoint Holdings Inc.(CHPT)$ Once the market has a chance to digest the earnings, this stock will move up. Really excited for the future of CHPT with it's growth and rapid expansion in Europe. Wider operational loss is just a side effect given how much the company is investing and building its infrastructure.
$SoFi Technologies Inc.(SOFI)$ Let's hope we get a week of solid gains and a sweet charter afterwards! Should put us above that lowly 20 dollar range for sure, working on that 25. I will be taking profits at that point. I've been holding close to 14,000 shares for a while. Time to clip about 4 grand at 24-25 RANGE
$Amazon.com(AMZN)$ How about maybe it's about the valuation? Maybe investors are a little skittish about paying almost 70 times earnings for a company who missed earnings and revenue estimates last quarter and whose growth is clearly slowing? How come it's manipulation only when the stock goes down?