DanteUnchained napísal: ↑Ut 19 07, 2022 9:59 pm
Uz davno neplati ze trh sa riadi fundamentami ci logikou, vyvoj tohto tyzdna to len zduploval.
Ono to dáva logiku. Retail skvízuje shortujúce hedge fondy.
Today's contrarian-minded rally effort was fueled by the BofA Global Fund Manager Survey which revealed the lowest equity allocation since the Lehman Bros. bankruptcy and the highest cash levels since 2001. Most stocks came along for the ride and lifted with the rebound, as that survey conjured thoughts of a lot of pent-up buying potential.
NFLX vyskočil +8% po earnings. Pritom outlook slabý. Teraz sa to bude brať tak, že kupujme, nie je to až také zlé...
Netflix beats by $0.25, reports revs in-line; guides Q3 EPS below consensus, revs below consensus; global streaming paid net adds -0.97 mln vs -2.00 mln prior guidance; guides to Q3 at +1.00 mln (201.63 +10.71)
Reports Q2 (Jun) earnings of $3.20 per share, $0.25 better than the S&P Capital IQ Consensus of $2.95; revenues rose 8.6% year/year to $7.97 bln vs the $8.03 bln S&P Capital IQ Consensus. Note: EPS was boosted by a $305 mln non-cash unrealized gain from F/X remeasurement on its Euro denominated debt.
Global streaming paid net adds in Q2 were -0.97 mln vs -2.00 mln prior guidance; guides to Q3 global streaming paid net adds at +1.00 mln.
Q2 operating margin came in at 19.8% vs 21.5% prior guidance, but this includes $150 mln of restructuring costs; guides to Q3 operating margin of 16.0%.
Co says Q2 was better-than-expected on membership growth, but foreign exchange was worse-than-expected.
Co issues downside guidance for Q3, sees EPS of $2.14 vs. $2.76 S&P Capital IQ Consensus; sees Q3 revs of $7.838 bln vs. $8.1 bln S&P Capital IQ Consensus.
FX Impact: The US dollar continues to strengthen meaningfully against most currencies, with the Euro recently falling below the US dollar for the first time in two decades, a significant headwind for all multinational US companies. Co says it has high exposure as nearly 60% of revenue comes from outside the US and swings in F/X have a large flow through to operating profit as most of its expenses are in USD and do not benefit from a stronger USD.
Co reaffirms FY22 operating margin of 19%-20%, excluding the unanticipated $150m of restructuring costs in Q2.
Content: Stranger Things returned to tremendous fan reception and was a smash hit by all measures - including an outstanding drama Emmy nomination. In its first four weeks, Stranger Things season four generated 1.3 bln hours viewed.
Advertising: "Our lower priced advertising-supported offering will complement our existing plans, which will remain ad-free. Our global ARM has grown at a 5% compound annual rate from 2013 to 2021, so it makes sense now to give consumers a choice for a lower priced option with advertisements, if they desire it. We recently announced Microsoft as our technology and sales partner and we're targeting to launch this tier around the early part of 2023. They are investing heavily to expand their multi-billion advertising business into premium television video...We're excited by the opportunity given the combination of our very engaged audience and high quality content, which we think will attract premium CPMs from brand advertisers. We'll likely start in a handful of markets where advertising spend is significant. Like most of our new initiatives, our intention is to roll it out, listen and learn, and iterate quickly to improve the offering. So, our advertising business in a few years will likely look quite different than what it looks like on day one.
Account Sharing: "We're in the early stages of working to monetize the 100m+ households that are currently enjoying, but not directly paying for, Netflix. We know this will be a change for our members. As such, we have launched two different approaches in Latin America to learn more. Our goal is to find an easy-to-use paid sharing offering that we believe works for our members and our business that we can roll out in 2023. We're encouraged by our early learnings and ability to convert consumers to paid sharing in Latin America."
,,Amatérski investori investujúci pasívne do indexového fondu budú mať v dlhodobom horizonte lepšie výnosy ako profesionálni manažéri fondov,, Buffett 
Vzdelávanie a užitočné info zadarmo: 
