Sea Limited Beats Q4 Revenue Expectations, Eyes Positive EBITDA for Shopee in Second Half
Sea Limited Q4 revenue up 4.8% to $3.62B, beats estimates; adjusted EPS loss narrows to $(0.19).
Digital Entertainment down 46.2% Y/Y; e-commerce grows 24.2%, with Shopee set for positive EBITDA H2.
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JPMorgan boosts Sea to overweight after strong Q1
JPMorgan Upgrade: JPMorgan upgraded Sea's U.S.-listed shares to overweight after the company reported a quarterly profit and nearly 30% year-over-year revenue growth, raising its price target from $135 to $190.
Business Performance: Sea's ecosystem showed strength with improved profitability across its Shopee e-commerce platform, SeaMoney, and Garena, alongside a notable decline in logistics costs per order in Asia.
Bumble Stumbles On 'Ability To Achieve Wider Industry Growth': Analyst
Bumble's Revenue Decline: Bumble Inc. experienced a significant drop in stock price, falling 30% after reporting second-quarter revenue that missed analyst expectations by 1.6%, and a third-quarter forecast that was 8.2% below consensus.
Future Plans and Leadership Changes: Despite the decline, Goldman Sachs maintained a Buy rating on Bumble's stock, while founder Whitney Wolfe Herd hinted at incorporating artificial intelligence into the app to enhance user experience, although details were not available from current leadership.
The Zacks Analyst Blog Highlights BOAT, WGMI SLVP, MAGS and FDCF
- Wall Street Performance: Wall Street saw a comeback in the second quarter driven by renewed Fed rate cut bets, AI developments, and strong corporate profits.
- Top ETF Performers: Highlighted top-performing ETFs include SonicShares Global Shipping ETF, Valkyrie Bitcoin Miners ETF, iShares MSCI Global Silver and Metals Miners ETF, Roundhill Magnificent Seven ETF, and Fidelity Disruptive Communications ETF.
- Tech Sector Growth: Technology remained the best-performing sector in Q2 due to AI advancements, with companies like NVIDIA, Apple, Microsoft, and Amazon reaching significant market capitalizations.
- Interest Rate Impact: Lower interest rates from the recent FOMC meeting are expected to stimulate economic growth, boost stock markets, and help businesses expand operations.
- Infrastructure Investment: A significant infrastructure investment push is anticipated in the U.S., creating opportunities for companies involved in construction, repair, cargo hauling, and energy transformation.
Snap Gains Over 25% - What's Going On?
Sea Limited Beats Q4 Revenue Expectations, Eyes Positive EBITDA for Shopee in Second Half
Sea Limited Q4 revenue up 4.8% to $3.62B, beats estimates; adjusted EPS loss narrows to $(0.19).
Digital Entertainment down 46.2% Y/Y; e-commerce grows 24.2%, with Shopee set for positive EBITDA H2.
JPMorgan boosts Sea to overweight after strong Q1
JPMorgan Upgrade: JPMorgan upgraded Sea's U.S.-listed shares to overweight after the company reported a quarterly profit and nearly 30% year-over-year revenue growth, raising its price target from $135 to $190.
Business Performance: Sea's ecosystem showed strength with improved profitability across its Shopee e-commerce platform, SeaMoney, and Garena, alongside a notable decline in logistics costs per order in Asia.
Bumble Stumbles On 'Ability To Achieve Wider Industry Growth': Analyst
Bumble's Revenue Decline: Bumble Inc. experienced a significant drop in stock price, falling 30% after reporting second-quarter revenue that missed analyst expectations by 1.6%, and a third-quarter forecast that was 8.2% below consensus.
Future Plans and Leadership Changes: Despite the decline, Goldman Sachs maintained a Buy rating on Bumble's stock, while founder Whitney Wolfe Herd hinted at incorporating artificial intelligence into the app to enhance user experience, although details were not available from current leadership.
The Zacks Analyst Blog Highlights BOAT, WGMI SLVP, MAGS and FDCF
- Wall Street Performance: Wall Street saw a comeback in the second quarter driven by renewed Fed rate cut bets, AI developments, and strong corporate profits.
- Top ETF Performers: Highlighted top-performing ETFs include SonicShares Global Shipping ETF, Valkyrie Bitcoin Miners ETF, iShares MSCI Global Silver and Metals Miners ETF, Roundhill Magnificent Seven ETF, and Fidelity Disruptive Communications ETF.
- Tech Sector Growth: Technology remained the best-performing sector in Q2 due to AI advancements, with companies like NVIDIA, Apple, Microsoft, and Amazon reaching significant market capitalizations.
- Interest Rate Impact: Lower interest rates from the recent FOMC meeting are expected to stimulate economic growth, boost stock markets, and help businesses expand operations.
- Infrastructure Investment: A significant infrastructure investment push is anticipated in the U.S., creating opportunities for companies involved in construction, repair, cargo hauling, and energy transformation.
Snap Gains Over 25% - What's Going On?
Sea Limited Beats Q4 Revenue Expectations, Eyes Positive EBITDA for Shopee in Second Half
Sea Limited Q4 revenue up 4.8% to $3.62B, beats estimates; adjusted EPS loss narrows to $(0.19).
Digital Entertainment down 46.2% Y/Y; e-commerce grows 24.2%, with Shopee set for positive EBITDA H2.
