Pounding The Table: Stocks, Options, And Weekly Market News
#98 | Earnings Recaps ($GLBE + $PANW) | Mini Monster: Evolv Technologies ($EVLV) and Confluent ($CFLT)
Nov 19, 2023
Global-E and Palo Alto Networks earnings recaps and future outlook, Confluent post-earnings dip and valuation concerns, balancing low-performing companies with high-growth small caps, Evolv Technologies AI-based weapons detection for security screening.
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Quick takeaways
- Global E shows strong potential for investors despite challenges in the luxury goods segment and missed revenue targets, with partnerships like Shopify contributing to its growth prospects.
- Unity, with its impressive technology and partnerships with Vision Pro Quest and Apple, has the potential to become a major player in the long term despite management challenges.
Deep dives
Opportunity in Global E despite recent earnings miss
Global E experienced a drop in stock price after a disappointing earnings report, but there is still a great opportunity for investors. The company missed revenue targets and their guidance for Q4 and the next year, primarily due to new clients that were not factored into the forecast. Additionally, the luxury goods segment in Europe, where Global E operates, is going through a tough recession. Despite these challenges, Global E is growing impressively at a rate of 40%, with projections for mid-30s growth next year. The company's partnerships, such as the one with Shopify, are also promising. With a value under $30, Global E shows strong potential given its growth prospects and favorable macro environment.
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