Pounding The Table: Stocks, Options, And Weekly Market News
#88 | The Fall of Sea Limited | Hurricane Hillary | Nvidia Earnings | PANW Earnings
Aug 19, 2023
AviNMash, StockSavvyShay, and JoeySolitro discuss Sea Limited's fall, Nvidia earnings, and the West Coast hurricane. They also talk about experiences with hurricanes and earthquakes, Vin Fast's performance on Nasdaq, Tesla's expansion, and Sea Limited's struggles and valuation concerns. They share excitement for the football season and their partnership with Underdog Fantasy.
35:52
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Quick takeaways
- Sea Limited's disappointing earnings reveal the negative impact of focusing on profitability over growth in the gaming and e-commerce sectors.
- D Local's stock surge following the appointment of a new CFO from MercadoLibre indicates potential legitimacy of their numbers and the possibility of an acquisition.
Deep dives
C Limited disappoints in earnings
C Limited, a Southeast Asian company known for gaming and e-commerce, reported disappointing earnings. Their gaming unit, Garina, saw declining revenues, bookings, and users. This affected the overall performance of the company, which only saw single-digit revenue growth. The management's focus on profitability instead of growth proved unsuccessful, and the stock experienced a significant drop. Despite having a large cash balance, uncertainty surrounds the valuation of the company, and comparisons to the success of MercadoLibre's e-commerce business highlight the missed potential of C Limited.
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