Stock Talk With CK

Stocks continued to rise as investors are optimistic that The Fed is likely done raising rates. The inflation data came in better than expected thanks to lower gasoline prices. It does show that the interest rates are effective in curbing inflation. The yields on bonds have started to fall from peaks, as interest rates look to be paused for a while. There is a lot of optimism that interest rate cuts could start coming a lot sooner than previously anticipated. We look to be entering into a Santa Claus type of rally. However, based on historical data, stocks have performed really well during periods in which The Fed pauses.  Tuesday, November 14, 2023 Home Depot (HD)-      Home Depot saw its stock shoot up after reporting earnings. The company missed on the top line but beat on the bottom line. The revenue and EPS both saw declines from last years numbers. Home Depot has expressed that customer engagement has continued with smaller projects. However, the pressure is coming from the big-t

We saw another week of solid gains for the indices. Stocks continue to rise as we near the end of the year. It was a busy week for my portfolio, as we saw a number of companies report earnings. I will break down some of the highlights from each of their quarters below.  Monday, November 6, 2023 Vertex Pharmaceuticals (VRTX)-     Vertex missed on the top line, but beat estimates on the bottom line. The company saw wonderful results from its CF business, so it decided to raise revenue guidance slightly. This next quarter and beyond is going to be really pivotal for the future of the company. The Exa-cel seeks approval on December 8th and the TDT looks for approval on March 30th of next year. The company is trying to diversify from its CF drugs that they dominate the market in. Hopefully these approvals go as planned and the company will be an attractive company to own. The domestic sales saw a rise of 7% and the overall sales grew at 6%. The sales have definitely seen a slowdown but this

    This week is full of earnings from a variety of companies. The market performed extremely well as rates may not be hiked any further and jobs data came in way better than expected. Keep reading to find some insight on some of these companies earnings reports.  Monday, October 30, 2023 Arista Networks (ANET)-     Arista Networks is trading higher after reporting earnings. The company had a solid beat on both the top and bottom line. The company saw around a 28% increase in revenue and adjusted earnings per share rose 46%. Arista stated that the customer momentum remained strong in both enterprise and AI/cloud sectors. The CFO stated that the company continues to demonstrate strong discipline and are working to normalize the supply chain metrics and deliver improvements to the 2023 outlook. The revenue growth calls for over a 33% increase for 2023 as a whole. The Cloud and AI Titan sectors of the business are supposed to make up over 40% of their total revenue. This is showing that t