XITK News and Press, SPDR FactSet Innovative Technology From 05/11/22

Shares of Zillow dropped 10% after reporting Q1 results and issuing softer-than-expected guidance for Q2. Decelerating growth in the IMT segment/Premier Agent revenue is a chief concern for investors; Zillow is expecting growth in this segment to flatline in Q2. The slowdown is a ...

Today, we take a look at Adtech concern Magnite, Inc. which was the result of a merger back in the first half of 2020. The shares have plummeted during the recent bear market that has descended upon equities in 2022. Can the stock rally from current levels? A full investment analy...

ACV Auctions went public in March 2021, raising $414 million in gross proceeds. The firm provides a car auction and services platform to U.S.-based car dealerships. ACVA has grown revenue but is generating higher operating losses, a negative in the current market environment. ...

Palantir reported an underwhelming FQ1 earnings card. The significant deceleration in its government revenue is worrying. Moreover, it had likely impacted the consistency in its margins profile. Palantir also offered somewhat cryptic guidance for FQ2. Management kept investors guessin...

Palantir Technologies slightly missed the adjusted EPS estimate. Its shares plunged by more than 20%, making PLTR hit a new 52-week low. Underlying results were not bad at all: More customers, more revenue, higher margins, and less dilution are some of the positive trends. The sal...

MaxLinear has seen huge operating and share price momentum following the pandemic, amidst savvy dealmaking. After operating momentum has clearly cooled down, a mega deal is announced at a curious point in the cycle. Given the huge cash composition of a newly announced mega deal, a...

fuboTV delivered a highly disappointing Q1 card as it missed both lines. It also revised its FY22 guidance, given weaker ad spending and potentially higher churn metrics. fuboTV also saw its gross margins fall into the red, as it had to deal with higher content costs. Given its scale,...

In January, the bubble indicator showed that the US equity market as a whole was at the edge of a bubble but not in an extreme bubble. The earnings growth discounted in stocks is still a bit high. While the reversal has been significant, discounting of future earnings remains some...

The stagflation scenario got a little more traction last week with the release of a negative Q1 GDP print on Thursday and hints of more inflation on Friday. April was a really rotten month with everything down but the general commodity indexes. Investing is mostly an exercise in s...

The forward 4-quarter estimate rose this week to $234.04 from $233.83 although the forward P/E compressed to 18.2x from last week’s 18.8x. The S&P 500 earnings yield jumped to 5.48% from last week’s 5.32%. Tech and Growth is struggling in 2022, which is perfectly...