Booking Holdings beats profit expectations on strong revenue growth
Booking Holdings, an online travel services platform, released its results for the third quarter ended October 30, 2024. Adjusted earnings per share were $83.89, up 8.7% from the estimate of $77.20. Total revenue was $8 billion, up 9% year-over-year. The quarter was characterized by a 9% increase in gross travel bookings, which [...]
Delta Air Lines: is it a good buy right now?
Noteworthy Full Year 2023 Results For 2023, Delta achieved net income of $6.25 per share on an adjusted basis, up from $3.20 in 2022. Based on the recent closing price of $43.61 per share, the P/E ratio was 6.26 based on past earnings. P/E ratios below 15 are generally considered [...]
Nike shares haven't been this cheap in more than a decade. Is this a buying opportunity or are they better avoided?
Attractive valuation Valuation metrics such as P/S can be useful for investors in deciding whether a stock is attractively valued. Another key metric is the price-to-earnings (P/E) ratio, which can help to better understand the concept. Suppose a company earns investors $10 per share per year and each share is valued at $100. This [...]
Netflix shares hilarious
Netflix beat analysts' estimates in the final quarter of last year. The company added 13.1 million new members, which helped boost revenue 12.5% year-over-year to $8.8 billion. This was the largest number of customers Netflix managed to sign up in the fourth quarter. This means that the subscriber base has expanded by an impressive 29.5 million in 2023, [...]
Bank of America will benefit from interest rate cuts in 2024
Bank of America kicked off the latest earnings season last week by beating analysts' earnings estimates. The second-largest U.S. bank showed its resilience despite higher interest rates, which have started to drag net interest income. Its relatively cheap valuation and the prospect of a Federal Reserve pivot on interest rates could make Bank of America [...]
Micron's comeback gains momentum
Demand for memory chips is growing and prices are starting to recover. The tremendous post-pandemic downturn in memory chip markets is finally coming to an end. Global computer shipments are expected to return to growth next year and inventory levels in the computer supply chain are mostly back to normal. Smartphone shipments could [...]
McDonald's develops new restaurant chain
With 41,198 locations as of September 30, McDonald's is the absolute largest fast food operation. The company is launching a chain of cafes in Bolingbrook, Illinois, near Chicago. CosMc's The coffee-focused concept is called CosMc's, named after an alien from a lineup of McDonald's characters from the 1980s. According to images on social media, the menu for CosMc's will focus on beverages such as [...]
Home Depot and market dynamics - a compelling choice for investors
Home Depot has long been a mainstay of the home improvement business, offering all kinds of products and services to a wide range of customers. This includes everyone from weekend do-it-yourselfers to professional contractors. Key Metrics In retail, two critical metrics often determine success: average account size (the average amount customers spend per transaction) and [...]
Exxon aims to become a leading lithium supplier by the end of the decade
ExxonMobil believes the world will need oil and gas for a very long time. This drives its current investment strategy of investing billions of dollars a year to develop new supplies of oil and gas. Slow transition to renewables However, the world is slowly transitioning to low-carbon energy, including electric vehicles (EVs) powered by renewables. This is leading the energy [...]
Apple exceeded expectations
In its just-released quarterly results, Apple beat expectations. Although revenue fell slightly during the period, earnings per share (EPS) jumped 13% year-over-year. This was supported by an aggressive share buyback program and a shift in the tech company's product mix toward its lucrative services segment. A booming services business Apple's services revenue [...]
IBM's new generative artificial intelligence (AI) tool
Over the past year, large language models capable of writing and refactoring computer code have proliferated. These tools won't really replace programmers, writing code is as much an art as a science, but they can make their jobs significantly more efficient by handling tedious tasks. New AI platform In recent months, International Business Machines has launched its artificial [...]