What Caught Our Attention in the Investment World? – Week of May 16-20, 2022

By Kuldip K. Ambastha

Ross Stores, Inc. (ROST), an American chain (“Ross Dress for Less”) of discount department stores, had its stock price drop by -22.5% per share on Friday, May 20, 2022. 1Q2022 sales were down from the same figure released for 1Q2021. Inflationary pressures have resulted in customers spending less overall, including at Ross Stores. Full 2022 year forecasts for sales and profits have been cut. Wall Street was not pleased.

Keywords – Ross Stores, Inc., Ross Stores, Ross, Ross Dress for Less, ROST, discount, department, retail, store, sales, profits, 1Q2022, 1Q2021, 2022, Wall Street.

Disclosure – The principals and clients of Ambastha Financial LLC have no positions in ROST.

Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2022 – Ambastha Financial LLC.

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What Caught Our Attention in the Investment World? – Week of May 9-13, 2022

By Kuldip K. Ambastha

The stock price of Unity Software Inc. (U), a videogame software development company, fell by -37.0% per share on Wednesday, May 11, 2022. In Unity Software’s latest quarterly conference call, company leaders disclosed impressive 1Q2022 results, but also noted disappointing 2Q2022 and 2022 full-year guidance. Wall Street was displeased with the guidance on future revenues, in particular. Unity Software had been considered a company which could deliver strongly in a future metaverse world, where people flock to a comprehensive and enjoyable 3D virtual experience online. If Unity Software continues to disappoint going forward, it may not become a dominant player in the metaverse space.

Keywords – Unity Software Inc., Unity Software, Unity, U, technology, tech, videogame, software, metaverse, 3D, virtual, experience, online, 1Q2022, 2Q2022, 2022, guidance, future, revenues.

Disclosure – The principals and clients of Ambastha Financial LLC have no positions in U.

Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2022 – Ambastha Financial LLC.

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What Caught Our Attention in the Investment World? – Week of May 2-6, 2022

By Kuldip K. Ambastha

On Tuesday, May 3, 2022, the stock price of Chegg, Inc. (CHGG), a direct-to-student online learning platform, dropped by -30.3% per share. (See past coverage if needed: “What Caught Our Attention in the Investment World? – Week of November 1-5, 2021; By Kuldip K. Ambastha.”) In the latest quarter, the company reported positive information related to revenues, net income, and subscriber count. However, the company also gave discouraging guidance for the future, a future in which inflation (higher cost of living combined with higher wages) may result in more and more people wanting to prioritize work over education. Wall Street was clearly displeased with this future guidance from the leaders of Chegg.

Keywords – Chegg, Inc., Chegg, CHGG, online learning, education, students, revenues, net income, subscriber count, inflation, costs, wages, future guidance, work, Wall Street.

Disclosure – The principals and clients of Ambastha Financial LLC have no positions in CHGG.

Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2022 – Ambastha Financial LLC.

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What Caught Our Attention in the Investment World? – Week of April 25-29, 2022

By Kuldip K. Ambastha

The stock of Teladoc Health, Inc. (TDOC), a multinational virtual healthcare and telemedicine company, dropped by -40.2% per share on Thursday, April 28, 2022. (See past coverage if needed: “What Caught Our Attention in the Investment World? – Week of April 26-30, 2021; By Kuldip K. Ambastha.”) Wall Street did not like the information Teladoc announced as part of the latest quarter’s performance announcement. Some items of concern were a $6.6 billion impairment charge to goodwill, lower than expected sales, slowing growth, and decreased revenue guidance for the year. The end result was a $41.58 earnings per share (EPS) loss, which was significantly more negative than what any equity research analyst was expecting for the last quarter.

Keywords – Teladoc Health, Inc., Teladoc Health, Teladoc, multinational, virtual, healthcare, telemedicine, health solutions, Wall Street, equity research, quarter, year, goodwill, impairment, sales, growth, revenue, guidance, earnings per share, EPS, loss.

Disclosure – The principals of Ambastha Financial LLC have a short position in TDOC. The clients of Ambastha Financial LLC have no positions in TDOC.

Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2022 – Ambastha Financial LLC.

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What Caught Our Attention in the Investment World? – Week of April 18-22, 2022

By Kuldip K. Ambastha

On Wednesday, April 20, 2022, the stock price of Netflix, Inc. (NFLX), a subscription streaming service and production company, dropped by -35.1% per share. (See past coverage if needed: “What Caught Our Attention in the Investment World? – Week of July 15-19, 2019; By Anil K. Ambastha and Kuldip K. Ambastha.”) The stock had benefited from stay-at-home COVID-19 public health pandemic best practices, but is now struggling. In the latest quarter, Netflix reported a surprise net subscriber loss and also, in the next quarter, said it is expecting further loss in the near future.

Netflix will be cracking down on account password sharing, and also will be making other changes which may or may not benefit its stock price over the long-term. Wall Street equity research analysts have downgraded the stock and / or instituted cuts in the stock’s price target. Many investors seem to have lost confidence in Netflix. The sharp drop in the stock price of Netflix may hint at future turmoil in technology sector companies going forward.

Keywords – Netflix, Inc., Netflix, NFLX, technology, tech, subscription, streaming, production, drop, loss, downgrade, cut, price, target.

Disclosure – The principals of Ambastha Financial LLC have a short position in NFLX. The clients of Ambastha Financial LLC have no positions in NFLX.

Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2022 – Ambastha Financial LLC.

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What Caught Our Attention in the Investment World? – Week of April 11-14, 2022

By Kuldip K. Ambastha

Peloton Interactive, Inc. (PTON), a luxury exercise gear maker, had its stock drop by -4.6% for the trading day of Thursday, April 14, 2022. (See past coverage if needed: “What Caught Our Attention in the Investment World? – Week of May 3-7, 2021; By Kuldip K. Ambastha” and “What Caught Our Attention in the Investment World? – Week of December 23-27, 2019; By Kuldip K. Ambastha and Anil K. Ambastha.”) Peloton has announced that the company will soon be decreasing the price of its bikes (in all countries) and increasing its monthly subscription fees (in the USA plus Canada). Wall Street clearly did not like this announcement, though Peloton has stated these moves could boost its business by expanding market share going forward. (Friday, March 15, 2022 is Good Friday, a market holiday, and thus Thursday, April 14, 2022 was the last trading day of the trading week.)

Keywords – Peloton Interactive, Inc., Peloton Interactive, Peloton, PTON, luxury, exercise, gear, fitness, health & wellness, products, services, market share, Wall Street.

Disclosure – The principals of Ambastha Financial LLC have a long position in PTON. The clients of Ambastha Financial LLC have no positions in PTON.

Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2022 – Ambastha Financial LLC.

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What Caught Our Attention in the Investment World? – Week of April 4-8, 2022

By Kuldip K. Ambastha

Sprinklr, Inc. (CXM), an American Software-as-a-Service (SaaS) technology company offering a customer experience management platform (CEMP), had its stock price increase by +21.2% for the trading day of Thursday, April 7, 2022. Sprinklr impressed Wall Street with its most recent quarterly and yearly results on several fronts – earnings, sales, revenues, growth, and so on. This company went public in June 2021, and thus has a short track record as a publicly traded entity. As with many technology companies’ stock prices, this company’s stock price has been quite volatile from one trading day to the next. That said, company leadership has expressed hope for an excellent future due to its strong SaaS offering.

Keywords – Sprinklr, Inc., Sprinklr, CXM, technology, tech, Software-as-a-Service, SaaS, customer experience management platform, CEMP, Wall Street, earnings, sales, revenues, growth.

Disclosure – The principals and clients of Ambastha Financial LLC have no positions in CXM.

Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2022 – Ambastha Financial LLC.

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What Caught Our Attention in the Investment World? – Week of March 28-April 1, 2022

By Kuldip K. Ambastha

Longeveron Inc. (LGVN), a biotechnology company focused on clinical stage therapies, had its stock price rise by +105.4% per share on Thursday, March 31, 2022. On this trading day, a great piece of news led to a great return. Lomecel-B has shown positive results from its Phase 1 trial testing on individuals with mild Alzheimer’s disease. The Phase 1 trial has shown that Lomecel-B was well-tolerated, may slow down cognitive decline, and could improve the quality of life of individuals. While Alzheimer’s disease has sadly taken so much from so many in the past and present, Lomecel-B and other such offerings could give us all hope for the future.

Keywords – Longeveron Inc., Longeveron, LGVN, biotechnology, biotech, clinical stage therapy, Lomecel-B, Phase 1 trial, Alzheimer’s disease, past, present, sadness, future, hope.

Disclosure – The principals and clients of Ambastha Financial LLC have no positions in LGVN.

Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2022 – Ambastha Financial LLC.

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What Caught Our Attention in the Investment World? – Week of March 21-25, 2022

By Kuldip K. Ambastha

Anaplan, Inc. (PLAN), a business planning software company, was in the headlines during the past trading week. This company was founded in 2006, became a privately held unicorn (valued at $1 billion) in 2016, and went public in 2018. A private equity firm will be acquiring Anaplan in full for $10.7 billion ($66 per share), after shareholder activists took note of Anaplan in the recent past. After a formal announcement was made on this front, the shares of Anaplan rose by +27.7% for the trading day of Monday, March 21, 2022. No one knows what the future may hold, but for now Anaplan is returning to the status of being privately held after a brief duration in the public sphere.

Keywords – Anaplan, Inc., Anaplan, PLAN, business planning software, private equity, private, public, Initial Public Offering, IPO, unicorn, technology, tech, shareholder activism.

Disclosure – The principals and clients of Ambastha Financial LLC have no positions in PLAN.

Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2022 – Ambastha Financial LLC.

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What Caught Our Attention in the Investment World? – Week of March 14-18, 2022

By Kuldip K. Ambastha

Coupa Software Incorporated (COUP) is a technology company focused on “Business Spend Management.” Coupa had a highly volatile week in the stock market, per the table seen above with two negative daily return days followed by three positive daily return days. Early in the trading week, Coupa disappointed Wall Street with its outlook for the future. Subscription revenue guidance in particular is a key metric that may disappoint going forward. The company has made several acquisitions which have not yet added value for its stock, but at the least the three positive daily returns (perhaps signaling newfound optimism in the company from Wall Street) were a bright spot ending the trading week.

Keywords – Coupa Software Incorporated, Coupa Software Inc., Coupa Software, Coupa, COUP, technology, tech, Business Spend Management, highly volatile, negative, positive, return, Wall Street, acquisition, optimism, bright spot.

Disclosure – The principals and clients of Ambastha Financial LLC have no positions in COUP.

Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2022 – Ambastha Financial LLC.

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