Out Fox The $treet

Update - May 30, 2023 Somehow, Payoneer continues to tick lower despite the impressive growth during a tough global economy. The stock should be trading at all-time highs.  Original article posted on May 17 Payoneer Global Inc. reported another quarter of strong growth, with sales surging 40% in Q1 2023. The global payments company has substantial growth ahead via new financial products and expansion of existing products like commercial card and check out. Payoneer Global stock is cheap at a forward EV/S multiple of 1.5x, especially for a fintech likely to maintain 20% growth. This idea was discussed in more depth with members of my private investing community, Out Fox The Street.  Learn More »   No matter the results,  Payoneer Global Inc.  ( NASDAQ: PAYO ) appears unliked by the markets. The global payments company  reported another quarter  with massive growth, yet the stock fell to recent lows below $5 due to  cautious management commentary. M...

SoFi continues to refute all claims the digital bank has a loan accounting issue. The student debt moratorium is set to expire within months leading to another loan growth catalyst. The stock trades at close to just 10x '24 adjusted EBITDA targets. Despite  SoFi Technologies  ( NASDAQ: SOFI ) CEO making the rounds with the media and investment conferences, the market still appears to misunderstand the investment story. The fintech clearly doesn't face an issue with how the company handles  the accounting on their loan originations, yet the market constantly pushes this false narrative causing the stock to trade $5. My  investment thesis  remains ultra Bullish as the digital bank isn't valued based on the growth of the business and the strong adjusted profits. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details. 

This idea was discussed in more depth with members of my private investing community, Out Fox The Street.  Learn More »   Updated - May 27, 2023 Celsius appears set to test whether the gap in the chart will close. The quarterly results were good enough for the stock to keep running, but the pause now could turn into a route. The stock back below $110 would make for another tasty buy.  Updated - May 10, 2023 Huge quarter by Celsius. The chart was a huge tell of the bullish setup going into Q1 and the stock appears off to the races.  The Boca Raton-based beverage company reported $260M in revenue for the quarter, nearly double for the quarter, nearly double the figure notched in the prior year and reaching a record for the company. Gross profit for the first quarter jumped more than 100% YoY to $114M while $0.40 in EPS more than doubled the consensus estimates of $0.19.  Updated - Apr. 26, 2023 Looks like a low was set with higher lows here. Celsius could eas...

Update - May 23, 2023 The market has definitely bought into the AI growth story and the 2H sales ramp. AMD hit a new 52-week high at $111 and probably rallies further falling a pause.    Original article posted on May 2 Advanced Micro Devices, Inc. reported mixed Q1 2023 results, beating analyst estimates, but revenues and EPS dipped from prior year levels. The chip company is poised for a second-half rebound, with the Client business rebounding and market share gains in data center and AI. AMD stock remains cheap, trading below ~20x consensus '24 EPS targets and far below normalized EPS targets. This idea was discussed in more depth with members of my private investing community, Out Fox The Street.  Learn More »   Based on the weak chip market,  Advanced Micro Devices, Inc.  ( NASDAQ: AMD ) wasn't expected to provide impressive results with  Q1 2023 numbers . The semiconductor company has always been poised for the next leg forward in the  2H of...

Update - May 22, 2023 Innoviz is rallying nearly 10% along with the general Lidar sensor space. All of the stocks are turning more bullish has production deals are starting to line up for the end of 2023 and into 2024.  Original article posted on May 18   Innoviz Technologies reported a mixed Q1 2023 earnings report, but the future is based on the strong order book. The Lidar sensor company announced another production auto deal, expected to reach production in 2024. Innoviz Technologies stock is cheap with a market cap of only $400 million, but shareholders face a potential dilutive equity raise in the next year. This idea was discussed in more depth with members of my private investing community, Out Fox The Street.  Learn More »   As 2023 heads towards the midpoint,  Innoviz Technologies Ltd.  ( NASDAQ: INVZ ) is quickly moving toward shipping Lidar sensors for production autonomous vehicles. The Lidar company even sees programs with accelerated paths to...

Update - May 18, 2023 Apparent massive insider buying by the CEO. Russell Austin appears to have bought 3.6 million shares for $21.6 million in the prior couple of trading days.  Update - Apr. 20  Despite all the good news, Luminar trades back to nearly $6. The stock appears to have strong support around this area. While it isn't clear when investors will finally believe the bullish stories in the Lidar space, it will eventually occur. Investors buying weakness will be rewarded.  Original article posted on Apr. 18  Luminar announces plans for another Lidar sensor factory to build another 600K sensors annually. The company already has a backlog of $3.4 billion with a forecast to reach $4.4 billion this year. LAZR stock is cheap trading near all-time lows despite continuing to line up new orders and building more factories to meet targets for 100% growth. In a somewhat surprising announcement,  Luminar Technologies  ( NASDAQ: LAZR ) is suddenly buil...

  TSMC has traded weak over the last several months on news that Warren Buffett unloaded shares after making an initial investment last year. The chip manufacturing giant is set to ride the AI chip boom, with the TAM set to surge in the years ahead. The stock remains incredibly cheap at 13.5x forward EPS targets, a 50% discount to Apple with similar geopolitical risks from China. In no huge surprise, Warren Buffett and  Berkshire Hathaway  ( BRK.A ,  BRK.B ) sold out of a remaining small position in  Taiwan Semiconductor Manufacturing Company   Limited  ( NYSE: TSM ). Buffett had second thoughts on investing in  a company with a homeland targeted by the Chinese Communist Party, but most technology companies face similar risks. My  investment thesis  remains ultra-bullish on the chip manufacturing stock, as the investment firm selling out has pressured the shares. Read the full article on Seeking Alpha.  Disclosure: No position ment...

Update - May 11, 2023 Qualcomm is testing a double bottom at $104. The wireless stock is far too cheap here so the guess is that this level holds, but investors do maintain irrational fears regarding losing the Apple (AAPL) modem business.    Original article posted on May 4 Qualcomm reported mixed FQ2'23 results. The wireless chip leader guided to weak FQ3 numbers with revenues falling sequentially due to a lack of a recovery in China and weakness probably at Apple. Despite the current headwinds, QCOM stock is cheap trading at ~8x normalized earnings once the current handset correction ends. This idea was discussed in more depth with members of my private investing community, Out Fox The Street.  Learn More »   While  Qualcomm  ( NASDAQ: QCOM ) has a promising business set up with a future beyond handsets, the company is still dependent on the mobile phone market. The wireless giant faces a difficult quarter ahead as handset revenue appears headed for anot...

  Under Armour reported solid FQ4'23 numbers despite ongoing margin pressures. The athletic apparel company faces a tough start to FY24 due to elevated inventory levels leading to a continuation of the promotional activity. The stock is crazy cheap at 0.5x FY24 sales targets while the company produces better metrics than peers trading at a far higher multiple. The current stock market is very bipolar where stocks trade more based on history than actual comparative results.  Under Armour  ( NYSE: UA ,  NYSE: UAA ) is a prime example of a stock struggling to impress the market  with similar or not better results than market darling  Nike  ( NKE ). My  investment thesis  remains ultra Bullish on the athletic apparel stock trading at a massive discount to peers. Read the full article on Seeking Alpha.  Disclosure: Long UA. Please review the disclaimer page for more details. 

  Update - May 9 The dip in SoFi following Q1 earnings was insane. The stock has shown a nice bounce back to $5.50 already. SoFi should trade back to yearly highs with blowout growth and profits.  Original article posted on May 1 SoFi Technologies, Inc. dipped again following strong Q1 quarterly results. The fintech reported another quarter with strong adjusted EBITDA profits of $76 million, which equate very close to adjusted profits. SoFi Technologies, Inc. stock is now very cheap, trading at only 10x '24 adjusted EBITDA targets. This idea was discussed in more depth with members of my private investing community, Out Fox The Street.  Learn More »   The market doesn't like companies reporting losses right now, and  SoFi Technologies, Inc.  ( NASDAQ: SOFI ) is probably making a mistake pointing to a GAAP profit goal. The fintech continues to blow away financial targets while outgrowing most  stocks, yet SoFi can't maintain any rall...

 Update - May 8, 2023 Berkshire not buying control of Oxy  confirms why the stock is capped here.  -Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A) won't buy control of Occidental Petroleum (NYSE:OXY), Chairman and CEO Warren Buffett said during Berkshire's annual meeting in Omaha on Saturday. -"We wouldn't know what to do with it," he said, adding that he's confident in OXY's management. -"We may or may not own more" of the stock in the future, he said. -In March, Berkshire Hathaway (BRK.B) added almost 3.7M more shares to its holdings, bringing its stake in the petroleum producer to ~23.6%. Original article posted on March 19 OXY has fallen below $60 again leading to Berkshire Hathaway purchasing more shares. Energy prices have fallen to levels consistent with Q3'21 levels when the company earned far close to a $3 to $4 EPS stream. The stock isn't priced for lower earnings leaving OXY trading at ~20x '23 EPS targets. After multiple war...

Update - May 1, 2023 SoFi reported a great quarter. The market is extrapolating too much on full year guidance. The fintech beat Q1'23 EBITDA targets by over $30 million. An investor shouldn't sell just b/c the company provided conservative guidance for the full-year by just hiking guidance for 2023 by $8 million.  SoFi Technologies ( NASDAQ: SOFI ) stock  dropped 9.1%  in Monday midday trading after the fintech bank issued full-year guidance indicating some metrics could trail Wall Street expectations. The company, known for refinancing student loans, now expects  2023 adjusted net revenue of $1.955B-$2.02B  vs. $1.97B consensus  and up from its prior range of $1.925B-$2.0B. That indicates that at its worst, SOFI's annual revenue could still fall below the average analyst estimate. The company also increased its outlook for adjusted EBITDA to $268M-$288M, up from its prior guidance of $260M-$280M, and bracketing the Visible Alpha consen...