Offshore
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Brandon Beylo
I hope you guys enjoy our 1H 2024 Macro Ops Portfolio Review.
We are off to a decent start with a lot of room for improvement.
Here's to a great second half of the year.
https://t.co/XqRomZdi0K
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I hope you guys enjoy our 1H 2024 Macro Ops Portfolio Review.
We are off to a decent start with a lot of room for improvement.
Here's to a great second half of the year.
https://t.co/XqRomZdi0K
tweet
AkhenOsiris
$AMZN Citi Earnings Preview
Analysts project Amazon’s Q2 revenue to be around $149 billion, which is 40 basis points above the consensus estimates.
They also estimate an 18% year-over-year growth for Amazon Web Services (AWS), slightly above the Street's estimate of 17%.
Amazon’s cloud business stands to benefit from the strong Q4 backlog growth and increasing consumption spend around model training, analysts noted. They believe that $1 billion quarter-over-quarter growth to 18% year-over-year would be healthy compared to peers.
"We saw GCP results as a positive read-thru for AWS, with a 1pt q/q accel. & margin upside suggesting limited pricing pressure," they wrote.
Operating profit is anticipated to come in at $14 billion, 1% above the consensus expectation, but analysts suggest there could be upside potential towards buyside expectations, possibly reaching $15-16 billion, given the beat in Q1, new third-party fees, Prime ad ramp, and limited growth in fulfillment center square footage.
"Biggest risk is 3Q margin guide given high Street expectations, higher freight costs & propensity to bring new fulfillment capacity online in 3Q ahead of holidays,” Citi cautioned.
For guidance, analysts expect Q3 revenue to be between $155.5 billion and $160.5 billion (with the Street at $158.4 billion), suggesting 5% quarter-over-quarter growth at the midpoint.
They project GAAP operating profit to be between $12 billion and $15.5 billion, compared to the consensus of $15.4 billion.
Despite signs of consumer softening, the bank believes Amazon is gaining market share. In terms of margins, recent history and typical Q3 conservatism suggest a profit guide midpoint below the Street, although Q3 margins have improved quarter-over-quarter in retail harvest years.
Given expanding retail margins supported by Prime ad growth and expected AWS acceleration, analysts believe the stock is positioned for a multiple expansion in 2024. AMZN currently trades at 12.8x EV/EBITDA, below its 10-year average of 17x.
"We have highlighted that improving margins support a more traditional P/E valuation framework, and see Amazon's 30.7x Street '25 GAAP EPS as reasonable given 27% expected 2-year GAAP earnings growth CAGR," they said, maintaining a Buy rating on the stock.
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$AMZN Citi Earnings Preview
Analysts project Amazon’s Q2 revenue to be around $149 billion, which is 40 basis points above the consensus estimates.
They also estimate an 18% year-over-year growth for Amazon Web Services (AWS), slightly above the Street's estimate of 17%.
Amazon’s cloud business stands to benefit from the strong Q4 backlog growth and increasing consumption spend around model training, analysts noted. They believe that $1 billion quarter-over-quarter growth to 18% year-over-year would be healthy compared to peers.
"We saw GCP results as a positive read-thru for AWS, with a 1pt q/q accel. & margin upside suggesting limited pricing pressure," they wrote.
Operating profit is anticipated to come in at $14 billion, 1% above the consensus expectation, but analysts suggest there could be upside potential towards buyside expectations, possibly reaching $15-16 billion, given the beat in Q1, new third-party fees, Prime ad ramp, and limited growth in fulfillment center square footage.
"Biggest risk is 3Q margin guide given high Street expectations, higher freight costs & propensity to bring new fulfillment capacity online in 3Q ahead of holidays,” Citi cautioned.
For guidance, analysts expect Q3 revenue to be between $155.5 billion and $160.5 billion (with the Street at $158.4 billion), suggesting 5% quarter-over-quarter growth at the midpoint.
They project GAAP operating profit to be between $12 billion and $15.5 billion, compared to the consensus of $15.4 billion.
Despite signs of consumer softening, the bank believes Amazon is gaining market share. In terms of margins, recent history and typical Q3 conservatism suggest a profit guide midpoint below the Street, although Q3 margins have improved quarter-over-quarter in retail harvest years.
Given expanding retail margins supported by Prime ad growth and expected AWS acceleration, analysts believe the stock is positioned for a multiple expansion in 2024. AMZN currently trades at 12.8x EV/EBITDA, below its 10-year average of 17x.
"We have highlighted that improving margins support a more traditional P/E valuation framework, and see Amazon's 30.7x Street '25 GAAP EPS as reasonable given 27% expected 2-year GAAP earnings growth CAGR," they said, maintaining a Buy rating on the stock.
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Dimitry Nakhla | Babylon Capital®
NOTABLE EARNINGS REPORTS THIS WEEK 7/30 - 8/2 🗓️
𝐓𝐮𝐞𝐬𝐝𝐚𝐲🗓️
AM☀️
$SPGI $PG $PFE $ITW $PYPL $WSO $AMT
PM🌓
$MSFT $AMD $SYK $SBUX $CP
𝐖𝐞𝐝𝐧𝐞𝐬𝐝𝐚𝐲🗓️
AM☀️
$MA $ADP $TMUS $HUM $BA $GEHC $KKR $WAT $WING
PM🌓
$META $QCOM $ARM $LRCX $FICO $AFL
𝐓𝐡𝐮𝐫𝐬𝐝𝐚𝐲🗓️
AM☀️
$CI $ICE $RACE $APD $GWW $MRNA $CMI $HSY $XPO
PM🌓
$AAPL $AMZN $VRTX $MELI $INTC $COIN $BKNG $NET $RMD $OLED $DKNG
𝐅𝐫𝐢𝐝𝐚𝐲🗓️
AM☀️
$XOM $CVX $CHD
#stocks #investing
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NOTABLE EARNINGS REPORTS THIS WEEK 7/30 - 8/2 🗓️
𝐓𝐮𝐞𝐬𝐝𝐚𝐲🗓️
AM☀️
$SPGI $PG $PFE $ITW $PYPL $WSO $AMT
PM🌓
$MSFT $AMD $SYK $SBUX $CP
𝐖𝐞𝐝𝐧𝐞𝐬𝐝𝐚𝐲🗓️
AM☀️
$MA $ADP $TMUS $HUM $BA $GEHC $KKR $WAT $WING
PM🌓
$META $QCOM $ARM $LRCX $FICO $AFL
𝐓𝐡𝐮𝐫𝐬𝐝𝐚𝐲🗓️
AM☀️
$CI $ICE $RACE $APD $GWW $MRNA $CMI $HSY $XPO
PM🌓
$AAPL $AMZN $VRTX $MELI $INTC $COIN $BKNG $NET $RMD $OLED $DKNG
𝐅𝐫𝐢𝐝𝐚𝐲🗓️
AM☀️
$XOM $CVX $CHD
#stocks #investing
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Offshore
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Invest In Assets 📈
RT @InvestInAssets: Howard Marks once said:
“I tell my father’s story of the gambler who one day hears about a race with only one horse in it, so he bet the rent money. Halfway around the track the horse jumped over the fence and ran away”
Here are 10 lessons that will make you an better investor: https://t.co/rOY4fY2Rn2
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RT @InvestInAssets: Howard Marks once said:
“I tell my father’s story of the gambler who one day hears about a race with only one horse in it, so he bet the rent money. Halfway around the track the horse jumped over the fence and ran away”
Here are 10 lessons that will make you an better investor: https://t.co/rOY4fY2Rn2
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Offshore
Video
Bamboo
Ever made an investment decision you still regret? Watch to learn how emotions can affect your investing journey and how to avoid regrettable choices. https://t.co/R1MO96fttu
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Ever made an investment decision you still regret? Watch to learn how emotions can affect your investing journey and how to avoid regrettable choices. https://t.co/R1MO96fttu
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Offshore
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Dimitry Nakhla | Babylon Capital®
S&P Global $SPGI reports a strong Q2 👇🏽
•Revenue: $3.55B (+14% YoY) ✅
•Adjusted EPS: $4.04 (+30% YoY) ✅
GUIDANCE 📈
•FY Revenue Growth: 8%-10% (6%-8% prior)
•Adjusted EPS: $14.35-$14.60 ($14.33 prior)
#stocks #investing https://t.co/YwFGbirsqC
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S&P Global $SPGI reports a strong Q2 👇🏽
•Revenue: $3.55B (+14% YoY) ✅
•Adjusted EPS: $4.04 (+30% YoY) ✅
GUIDANCE 📈
•FY Revenue Growth: 8%-10% (6%-8% prior)
•Adjusted EPS: $14.35-$14.60 ($14.33 prior)
#stocks #investing https://t.co/YwFGbirsqC
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