Playing FTSE Netflix vs Tesla - Earnings Week!
How’s your been week? It’s been choppy in the markets lately, but find out how we’ve been doing in this week’s Playing FTSE Show!
Steve D’s got the game this week. Stocks, it turns out, don’t only go up. Steve D’s found some that have gone down pretty spectacularly. He also seems to have bought most of them at some point or another. In this week’s game, Steve W and Paul attempt to figure out how far down various stocks (mostly Steve D’s stocks) are over the last year. These games are tough — will Steve W get ANY of them right? Find out as we play “Yowch to date”. Also, don’t miss Paul’s update on TransMedics and Steve W’s philosophical conundrum.
Earnings season rolls along causing volatility in individual stocks. We have a look at a couple of our favourites after the last week or so. Tesla’s been catching Steve W’s eye with a handy beat on Q4 estimates. The stock’s trading lower now, though, on account of the fact that limitations to manufacturing mean that Tesla aren’t going to be launching any new models in 2022. Steve W leads us through the impact of this and considers the implications of Tesla’s market cap in terms of success, valuation, and productivity. Everyone has an opinion on Tesla, including the JP Morgan analyst who has a price target of $290 on the stock. Paul talks about Tesla’s margins and Steve D joins in with questions about Elon Musk and the new humanoid robot.
Last it’s Netflix, which had a fascinating earnings call. Steve D’s in this stock and has been having a close look at the earnings from this week. Subscriber growth is slowing a bit and the stock took a big hit after its earnings at the end of last week’s show and the stock dragged Amazon and Disney down with it. Steve D looks at the relationship between the three companies and discusses why he’s been buying alongside Bill Ackman. Steve W compares Netflix to the other fans structurally and Paul talks about the valuation on Netflix. We finish up with a bit of off-script live discussion of Apple and Robinhood. One did well, one did badly. See how we react in real time…
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