Out Fox The $treet

This idea was discussed in more depth with members of my private investing community, Out Fox The Street.  Learn More »   Update - June 7, 2023 Yext is now turning the corner with some revenue growth. FQ2 at $102M would be a record level (finally) -Q1 Non-GAAP EPS of $0.08 beats by $0.03. -Revenue of $99.45M (+0.7% Y/Y) beats by $0.9M. -Customer Count Increased 5% Year-over-Year to Over 2,970 -Cash and Cash Equivalents of $217 Million. -Q2 Outlook: Revenue is projected to be in the range of $101.5 to $102.5 million; Original article posted on March 8  Yext, Inc. reported a mixed quarter with higher profits, but the company has limited revenue growth now. The data knowledge company has shifted the business to profit growth, constraining revenue growth in the near term. YEXT stock is cheap at 2x EV/S targets, even after doubling off the '22 lows.  The excitement over generative AI chat sent  Yext, Inc.  ( NYSE: YEXT ) to recent yearly highs. The data knowledg...

Update - Apr. 28 Snap will figure it out. The dip is a massive opportunity with the stock trading back towards the October lows and Meta up nearly 200%. -Snap (NYSE:SNAP) has tumbled 18%, its worst decline since October, after a first-quarter earnings report that showed not everyone in the digital advertising world was recovering to start 2023. -Stock in Alphabet and Meta Platforms has rallied as investors processed signs of improvement in those ad businesses. The "haves" have done well this week; the have-nots ... have not. -Snap (SNAP) reported its first-ever decline in quarterly revenues, and while analysts at least saw that part coming, the fall was worse than anticipated: Sales slid 7% vs. an expected drop of 5%. Original article published on Apr. 24 Snap Inc. has made an aggressive move into AI chat, launching MY AI chat for all users. The social messaging company announced over 3 million subscribers to Snapchat+, offering signs of a building recurring revenue stream. S...

Update - Apr. 4, 2023 The short attack is here with Kerrisdale Capital attacking the accounting of C3.ai right after the stock soars into the quarter end. The stock already wasn't as appealing back above $30. The accounting questions appear a stretch, but the company has regularly replaced the CFO in the last 4 years.  C3.ai ( NYSE: AI )  fell 12%  after Kerrisdale Capital, which released a  short report  on the company last month, wrote a letter to the company's auditor outlining its concerns. Kerrisdale, run by Sahm Adrangi, sent  a letter  to Deloitte & Touche, highlighting its concerns with alleged accounting  issues at C3.Ai . Update - Apr. 2, 2023 C3.ai had a huge rally to end March likely due to fund managers piling into the stock to report a position at quarter end. The move appears silly but the stock is officially in breakout mode above $30 here. Even SoundHound Ai (SOUN) rallied 40% on Friday.   C3.ai ( NYSE: AI ) shares surge...

Google slumped last week following an underwhelming AI chat launch. The company obtains all of their profits from the Google Services business focused on Google search causing the market to excessively worry about competitive threats. The stock trades with an EV of 10x '25 non-GAAP EPS targets even before expected efficiency gains. Alphabet  ( NASDAQ: GOOG ,  NASDAQ: GOOGL ) collapsed this week following a failed answer in a tweet launching a new conversational AI service. The market was overly dramatic on the outcome of the AI event hosted by Google, especially considering ChatGPT  has several high profile failures. My  investment thesis  is ultra Bullish on the stock following the major dip back below $95. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details.