Daily Market Wrap
Stocks End Mixed as April Inflation Hits Highest Level Since May 2023
Stocks are mixed on Tuesday after strong inflation report. Factset (FDS) loses its moat to AI as financial analysis software is now cheap.
Tech Stocks Lead Market Gains Despite Geopolitical Uncertainty
Stocks are up on Monday driven by AI optimism. Costco’s (COST) profits jump 14% on e-commerce and membership strength.
Stocks Rally as Strong Jobs Report Pushes S&P 500, NASDAQ to Record Highs
Strong labor market sparks stocks rally on Friday. MercadoLibre (MELI) stock drops as profits decline 13% on growth spending.
Stocks Slip as Investors Eye Middle East Risks, Oil Rally
Stocks falls on Thursday on renewed Middle East tensions. Adobe (ADBE) delivers another solid quarter, yet the stock keeps sliding.
Stocks Jump on Hopes for U.S.-Iran Peace Deal
Stocks surged on Wednesday on Iran peace deal hopes. Marketing platform AppLovin (APP) is under loved even as its growth is strong.
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Intuit (INTU) Stock Declines as AI Competition Provide Similar Software Services
Intuit (INTU) just had next qtr’s profit estimates cut from 11% to 8%. That’s a big slowdown from 25% last qtr. All due to AI.
Factset (FDS) Loses its Moat to AI as Financial Analysis Software is Now Cheap
Competition from AI software has taken away Factset’s (FDS) edge. Now, financial software is cheaper, and FDS’s profits are hurting.
Costco’s (COST) Profits Jump 14% on E-Commerce, Membership Strength
Costco’s (COST) ecommerce segment (sales +23% last qtr) continues to be a bright spot. But the P/E of 49 is too high, in my opinion.
MercadoLibre (MELI) Stock Drops as Profits Deline 13% Due to Growth Spending
MercadoLibre’s (MELI) stock has gotten crushed as the company invests in free shipping, which helped grow GMV 37% last qtr.
Marketing Platform AppLovin (APP) is Under Loved Even as its Growth is Strong
AppLovin (APP) is a marketing platform with revenue and profits growing brislkly. APP might not be getting the love it deserves.
Adobe (ADBE) Delivers Another Solid Quarter, Yet the Stock Keeps Sliding
Adobe (ADBE) posted another nice quarter with profits up 19%. But the stock is still in a downtrend due to AI competition.
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Marketing Platform AppLovin (APP) is Under Loved Even as its Growth is Strong
AppLovin (APP) is a marketing platform with revenue and profits growing brislkly. APP might not be getting the love it deserves.
Growth Stock Newsletter
David Sharek’s Top Ten Growth Stocks for 2025
Here’s my Top Ten growth stocks heading into 2025. This year’s list is dominated by big name tech stocks with some fresh ideas mixed in.
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