iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
22,275 Blog Posts

SOLID EARNINGS AFTER THE CLOSE: THE RALLY CONTINUES

It’s over for you bears. I was with you in spirit and with my money. But it’s over. There are a slew of movers to the upside this evening based off STRONG consumer spending. This is all the market needed to see.

Lyft beats by $0.17, reports revs in-line, adjusted EBITDA of $79.1 mln, easily exceeding its guidance of $10-$20 mln

Cloudflare beats by $0.01, beats on revs; guides Q3 EPS in-line, revs above consensus; reaffirms FY22 EPS guidance, guides FY22 revs above consensus 

DoorDash misses by $0.32, beats on revs  

Block beats by $0.02, beats on revs 


Carvana misses by $0.37, misses on revs; continues to expect a return to >$4,000 total GPU and significant positive EBITDA in FY 2023


Yelp beats by $0.12, beats on revs; guides FY22 revs above consensus


Expedia Group beats by $0.40, beats on revs


Block beats by $0.02, beats on revs

 

Today’s highlights were all biotechs, up 4% for the session. It seems, as unbelievable as it might be, the rally will at least continue into tomorrow. God willing, sometime soon, we can get back to sharply higher energy prices and much much lower stocks.

I finished 85% long, 15% short via LABD.

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3 comments

  1. the_wolf

    God willing, I want my 1000 %

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  2. Mr. Cain Thaler

    This is bad news because it’s good news. The Fed pivot is delusional. Now we get higher commodity prices and higher rates.

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