SABR stock | 20% drop | $3.30/ share

 Sabre (SABR) Q3 CY2024 Highlights:

• Revenue: $764.7 million vs analyst estimates of $775.5 million (1.4% miss)
• EPS (GAAP): -$0.16 vs analyst estimates of -$0.16 (beat by $0)
• EBITDA: $130.6 million vs analyst estimates of $133.9 million (2.5% miss)
• Revenue Guidance for Q4 CY2024 is $715 million at the midpoint, below analyst estimates of $721.8 million
• EBITDA guidance for the full year is $515 million at the midpoint, below analyst estimates of $527.8 million
• Gross Margin (GAAP): 57.9%, down from 60.3% in the same quarter last year
• Operating Margin: 9.2%, up from 7% in the same quarter last year
• EBITDA Margin: 17.1%, up from 14.9% in the same quarter last year
• Free Cash Flow Margin: 1%, down from 5.3% in the same quarter last year
• Airline Bookings: 78,648 at quarter end
• Market Capitalization: $1.58 billion

Company OverviewOriginally a division of American Airlines (NASDAQ:AAL), Sabre (NASDAQ:SABR) is a technology provider for the global travel and tourism industry.

Oct 20 2024 | The Goodyear Tire & Rubber Company (GT): One of the Best Auto Components and Part Stocks to Buy Right Now

 

The Goodyear Tire & Rubber Company (NASDAQ:GT)

Number of Hedge Fund Holders: 36

The Goodyear Tire & Rubber Company (NASDAQ:GT) is one of the biggest and oldest tire manufacturers in the world. The company operates across most regions globally and has 54 facilities in 21 countries.

It offers a wide range of tires for vehicles, including automobiles, trucks, buses, and aircraft, and markets products under brands such as Goodyear, Cooper, Dunlop, and others. In June 2021, Goodyear acquired Cooper Tire for $3.1 billion.

Goodyear’s (NASDAQ:GT) is structured into three regional segments: Americas, EMEA (Europe, Middle East, and Africa), and Asia Pacific. The company is focusing on its “Goodyear Forward” plan, launched in November 2023, which aims to optimize its portfolio and improve margins. The plan includes actions to generate over $2 billion from portfolio optimization, reduce costs by $1 billion annually by 2025, and double segment operating income margins to 10% by the end of 2025.

The company’s stock has been beaten down quite significantly this year as it has dropped by over 41%, as of October 16. However, it is now trading at a very cheap forward price-to-earnings multiple of 8.8, a nearly 50% discount to its sector median.

Overall GT ranks 5th on our list of the best auto components and parts stocks to buy. While we acknowledge the potential of GT as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than GT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

Average True Range (ATR)

 Description

Average True Range (ATR) is the average of true ranges over the specified period. ATR measures volatility, taking into account any gaps in the price movement. Typically, the ATR calculation is based on 14 periods, which can be intraday, daily, weekly, or monthly. To measure recent volatility, use a shorter average, such as 2 to 10 periods. For longer-term volatility, use 20 to 50 periods.

How this indicator works

• An expanding ATR indicates increased volatility in the market, with the range of each bar getting larger. A reversal in price with an increase in ATR would indicate strength behind that move. ATR is not directional so an expanding ATR can indicate selling pressure or buying pressure. High ATR values usually result from a sharp advance or decline and are unlikely to be sustained for extended periods.
• A low ATR value indicates a series of periods with small ranges (quiet days). These low ATR values are found during extended sideways price action, thus the lower volatility. A prolonged period of low ATR values may indicate a consolidation area and the possibility of a continuation move or reversal.
• ATR is very useful for stops or entry triggers, signaling changes in volatility. Whereas fixed dollar- point or percentage stops will not allow for volatility, the ATR stop will adapt to sharp price moves or consolidation areas, which can trigger an abnormal price movement in either direction. Use a multiple of ATR, such as 1.5 x ATR, to catch these abnormal price moves.

Calculation

ATR = (Previous ATR * (n - 1) + TR) / n

Where: ATR = Average True Range n = number of periods or bars TR = True Range

The True Range for today is the greatest of the following:

• Today's high minus today's low
• The absolute value of today's high minus yesterday's close
• The absolute value of today's low minus yesterday's close

Driving at night | TD Insurance

 Humans don’t come equipped with night vision. Which is unfortunate, because for driving at night, it would come in handy. From poorer visibility to heavy eye lids after a long day, driving at night has a greater potential to be more dangerous than getting behind the wheel during daylight hours. Below is a list we’ve compiled to help keep you safer when driving after dark:

Stay alert – Don’t ever drive tired. Grab a coffee, share the drive with someone else or if you need to, just pull over and rest.

Plan ahead – If you know you have a long drive, make sure to get in a good night’s sleep or share the drive with someone else.

Take breaks – Get out and stretch your legs and give your eyes a break from focusing on the road in the dark.

Slow down – It’s harder to see in the dark so it makes sense to reduce your speed appropriately (within the posted speed limit).

Leave space – A little extra space will go a long way if you have to break unexpectedly.

Use your high beams – Increase visibility with your high beams when there is no oncoming traffic.

Use your mirrors – Be extra aware of your surroundings at night and always check your mirrors. If you have a night setting on your rearview mirror, make sure to use it to reduce any glare.

Watch for wildlife – Some animals are more likely to come out at night so keep an eye out for them at the side of the road.

Carry an emergency kit – It’s a good idea to have an emergency kit at all times. Make sure there is a flashlight and candles that can come in handy in case of car trouble at night.

Adjust to poor weather conditions – Heavy snow, sleet or rain at night further reduces visibility, so be sure to be extra cautious and adjust your speed in bad weather.

EBay Sinks 8% Despite Earnings Beat

 Shares of online commerce site eBay 

EBAY

-0.22%

 fell 8% in after-hours trading to $57 after it reported earnings.

Its full-year revenue guidance came in light. The company estimated revenue of $10.23 billion to $10.29 billion, versus analyst estimates of $10.32 billion. That weakness comes in large part from the expected fourth-quarter revenue of $2.53 billion to $2.59 billion versus consensus estimates of $2.65 billion.

Third-quarter numbers uniformly beat analyst estimates, however, if only by a hair. Revenue was $2.58 billion, above the $2.55 billion expected. Earnings of $1.19 a share beat expectations for $1.18 a share. And gross merchandise volume, which measures the value of goods sold, came in at $18.3 billion, just above the $18.1 billion anticipated.

The company expects fourth-quarter earnings per share in the range of $1.17 to $1.22. Analysts were expecting $1.22 a share. For the full-year, eBay expects earnings of $4.80 to $4.85 a share, with a midpoint matching estimates.

Some analysts had warned of potential fourth-quarter softness. Benchmark’s Daniel Kurnos wrote Tuesday before earnings were released that “another heavy discount-driven holiday period” could limit eBay’s near-term margin upside.

Before earnings were announced, shares were up 44% year-to-date.

Technical Analysis | Technical Analysis Basic Education | Trading Range: Definition, When It Occurs, How To Use and Example

Here is the article. 

The average true range (ATR)

 The average true range (ATR) is a price volatility indicator showing the average price variation of assets within a given time period. Investors can use the indicator to determine the best time for trading. The average true range also takes into account the gaps in the movement of price.

Investor's Corner | Relative Strength Line Gives Crucial Clues About Stocks Ready To Make Big Gains

IBD digital | Stocks With Rising Relative Strength: American Airlines Group

• INVESTOR'S BUSINESS DAILY
• 03:00 AM ET 10/29/2024

The Relative Strength (RS) Rating for American Airlines Group (AAL) entered a higher percentile Tuesday, as it got a lift from 62 to 71. 

This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.

History shows that the market's biggest winners typically have an 80 or higher RS Rating as they launch their largest runs. See if American Airlines Group can continue to show renewed price strength and clear that threshold.

---

American Airlines Group is trying to complete a cup without handle with a 16.15 buy point. See if the stock can clear the breakout price in volume at least 40% above average.

While revenue growth fell last quarter from 2% to 1%, EPS grew -21%, up from -43% in the prior report.

American Airlines Group holds the No. 12 rank among its peers in the Transportation-Airline industry group. Skywest (SKYW), United Airlines (UAL) and Alaska Air Group (ALK) are among the top 5 highly rated stocks within the group.

AAL - D chart - Cup handle - $16.05 - RS -> 71 to 81 

JBLU stock | 17% dip | Oct. 29 2024

纽时揭川普最大骗局：假装自己站在工人阶级一边

 在美国大选进入冲刺阶段之际，《纽约时报》公开批评川普是个骗子。

《纽约时报》10月28日刊发美国经济学家保罗·克鲁格曼的文章称，川普一直是个骗子。作为一个商人，川普多次失败的创业坑了许多投资者，而他自己却获利了；学生们花了数千美元去上毫无价值的课程；承包商们没有得到报酬等等。甚至在当前的总统竞选期间，川普还一直在兜售定价过高的金色运动鞋和圣经。

文章称，而川普最大的、可能也是最具后果的骗局是政治上的：他把自己描绘成不同类型的共和党人，是美国劳动人民的盟友。到目前为止，这张自画像一直很成功，尤其是在他获得了有色人种工人阶级的坚定支持后。

文章认为，事实是川普的政策理念与共和党的正统观念并不相同，因为他的施政计划是反劳工且亲富豪的。自七十年代以来，美国的两个主要政党在经济意识形态上出现了严重分歧。总的来说，民主党人倾向于对富人增税和加强社会保障；共和党人则倾向于降低企业和富人的税收，部分原因是削减社会项目。

文章称，从这个意义上说，哈里斯是一个普通的民主党人，她呼吁对高收入美国人的增税，同时扩大对有子女家庭的免税范围；她还提议扩大老年人医疗保险范围，将老年人的家庭医疗保健包括在内，而这对数以百万计的家庭来说将是一件大事。

文章称，如果你将哈里斯和川普税收计划放在同一张图表上，它们或多或少是镜像。川普将提高大多数美国人的税收，只有最富有的百分之几的人会受益，哈里斯则相反。所以，川普根本不是美国工薪阶层的朋友。如果有人不这么认为，那么他们并不是川普一生行骗生涯的首批受害者。

Tech Reddit shares soar 22% on earnings beat and better-than-expected forecast

 Key Points

• Reddit reported third-quarter financial results that topped analyst estimates.
• The company’s forecast for the fourth quarter was also better than expected.
• Reddit CEO Steve Huffman told CNBC in August that the company has been making it easier for new users to create accounts.

• Reddit shares jumped 22% in extended trading Tuesday, topping $100 for the first time, after the social media company reported third-quarter results that topped analyst estimates and issued an optimistic forecast for the current period.

  Here’s how the company did compared with LSEG estimates:

  • Earnings per share: 16 cents vs. a loss of 7 cents expected
  • Revenue: $348.4 million vs. $312.8 million expected

  Reddit said fourth-quarter revenue will be between $385 million and $400 million, beating the average analyst estimate of $357.9 million. Adjusted earnings for the fourth quarter will be in the range of $110 million to $125 million, higher than the $85.2 million average estimate.

  Revenue in the third quarter jumped 68% from a year earlier, and the company turned profitable, reporting net income of $29.9 million, compared with a net loss of $7.4 million during the same quarter a year ago.

  The company said that its daily active users grew 47% year over year in the third quarter to 97.2 million, better than analyst estimates of 96.5 million.

  Average revenue per user was $3.58 for the third quarter, which beat analyst estimates of $3.24.

  “It was another strong quarter for Reddit and our communities as we achieved important milestones, including new levels of user traffic, revenue growth, and profitability,” Reddit CEO Steve Huffman said in a statement. “Reddit continues to be one of the most visited and trusted sites in the world with opportunities available to us that aren’t available to most companies.”

  This is Reddit’s third earnings report since the company went public in March. Based on the after-hours pop, the stock has almost tripled in value since its IPO. At the close, Reddit had a market cap of $13.6 billion.

  Since last year, Reddit has benefited from Google search updates that helped push its content higher in results, bringing in a flood of new users to the 19-year-old social media service. However, the newer users, which Reddit refers to as logged-out users, generate less online advertising revenue for the company than logged-in users, who typically spend more time on the platform, Reddit has detailed in financial filings.

  Reddit is trying to get logged-out users to sign up to the service and is making it easier for them to do so, Huffman told CNBC in August. He also said that Reddit’s direct traffic is “really resilient” to any Google search changes.

  The company said global logged-out users grew 70% from a year earlier to 53.1 million, while global logged-in users increased 27% to 44.1 million.

SWK stock | -8.77% | Earning date | 2 h long

 

AMD stock | Earnings date | Oct 29 2024

M chart | Short 

W chart | Long 

Alphabet shares rise on earnings beats boosted by cloud revenue

 Key Points

• Alphabet reported stronger-than-expected earnings results.
• The company reported blowout cloud revenue at $11.35 billion, up nearly 35% from the $8.41 billion a year ago.
• Alphabet’s chief financial officer says the company plans to build on existing cost-cutting efforts around using AI to streamline workflow and manage headcount and the company’s physical footprint.

• Google parent Alphabet reported third-quarter earnings that beat on top and bottom lines with strong revenue growth from the company’s cloud unit.

  The company’s shares rose as much as 6% in after-hours trading.

  Here are the results:

  • Earnings per share: $2.12 vs. $1.85 expected by LSEG
  • Revenue: $88.27 billion vs. $86.30 billion expected by LSEG

  Here are other numbers Wall Street was watching:

  • YouTube advertising revenue: $8.92 billion vs. $8.89 billion, according to StreetAccount
  • Google Cloud revenue: $11.35 billion vs. $10.88 billion, according to StreetAccount
  • Traffic acquisition costs (TAC): $13.72 billion vs. $13.53 billion, according to StreetAccount

  Alphabet’s revenue grew 15% year over year, which is stronger than the same quarter last year.

  The company reported blowout cloud revenue at $11.35 billion, up nearly 35% from the $8.41 billion a year ago. The company attributed its strong cloud results to its artificial intelligence offerings, which include subscriptions for enterprise customers.

  Alphabet CEO Sundar Pichai opened his call with investors saying the company’s “full stack” of AI products is now operating at scale and being used by Google’s billions of users and “creating a virtuous cycle.”

  The search company’s strong quarter kicks off a big week of earnings for tech’s megacap companies. Meta and Microsoft report on Wednesday, followed by Apple and Amazon on Thursday.

  Alphabet’s net income increased to $26.3 billion, or $2.12 per share, compared to $19.7 billion, or $1.55 per share, in the year-ago quarter.

  Google’s search business generated $49.4 billion in revenue. That was up 12.3% from a year ago, and the search business remains the largest contributor to revenue growth for the company, said Alphabet Chief Financial Officer Anat Ashkenazi on the call.

• Turning to AI for more cost cutting

  Alphabet plans to build on existing cost-cutting efforts around using AI to streamline workflow and manage headcount and the company’s physical footprint, Ashkenazi said.

  “I plan to build on these efforts but also evaluate where we might be able to accelerate work and where we might need to pivot to free up capital for more attractive opportunities,” said Ashkenazi, who joined the company in June after 23 years at drugmaker Eli Lilly.

  Alphabet reported advertising revenue of $65.85 billion. That was up from $59.65 billion a year ago, showing that Google’s advertising business continues to grow, though at a slower pace than in the second quarter.

  YouTube ad revenue just beat analysts’ expectations, showing better growth than last quarter. The Google-owned company faces increased pressure from other advertiser options such as Netflix, TikTok and Amazon.

  AI is improving YouTube recommendations, Chief Business Officer Philipp Schindler said on the call with investors. The company’s AI language model Gemini has given YouTube the ability to “recommend more relevant, fresher and personalized content to the viewer.”

  Google Workspace, the company’s collection of cloud computing and productivity suite, saw strong growth during the third quarter, Ashkenazi said. Google Cloud Platform, the company’s data management and AI suite, saw growth that outpaced the cloud unit’s growth during the quarter, Ashkenazi added.

  Other Bets, which includes the company’s life sciences unit Verily and self-driving car unit Waymo, reported revenue of $388 million in the third quarter. That’s up from $297 million a year ago.

  Last week, Waymo closed a $5.6 billion funding round to expand its robotaxi service in Los Angeles, San Francisco and Phoenix and to more cities.

  Google Lens, the company’s image recognition product that uses mobile cameras and photos, is now used for over 20 billion visual searches per month, Pichai said. It’s one of the fastest growing search products and is used often for shopping, he added.

  Alphabet’s third quarter was filled with shake-ups externally and internally, including at its most senior ranks and its most important business.

  Earlier this month, the company replaced Prabhakar Raghavan, the company’s search and ads boss since 2018, with Nick Fox, a longtime executive known for his role in Google’s Assistant unit. Additionally, the team working on the Gemini app, which includes the company’s artificial intelligence direct-to-consumer products, will join Google DeepMind under head Demis Hassabis.

  The company on Tuesday announced that it is evaluating how this reorganization will affect its segment operating results.