Link to join StockHub free investing discord server: –~–
Tech stocks are having a tough day once again today and we got to talk about this and at first glance when you look at what the nasdaq was down today it doesn’t look like oh is a big deal you know nasdaq was down around 0.8 5% when you see that number it’s like okay it’s just a normal day you know markets kind of go up and down you know it’s less than a 1% gain or
Loss they’re not a big deal but then when you dig deeper and you look at some of the losses some of these stocks had today some of the the downward moves some of these big name stocks you realize it’s way bigger than a point eight five percent move okay so we’re gonna kind of discuss all that and then at the end i’m gonna show you guys a stock that i used to own
That unfortunately i sold out way too soon and it was up absolutely massively today guys a stock that it’s just tore it up today as you know you know on days even when things are bad people are still making money out there alright so first off roku this one was down around 5% today then we go ahead we look at baidu which is like the chinese i call it the chinese
Google they were down over three percent today we had shopify which has been you know a downward mover here the past day let’s say week or two that was down over five percent today down around five point six percent seven dollars per share today io2 robot was down around four percent today that one’s been a hud stock in video was down once again today around four
Dollars a share we had amazon take a big downward move here $67 amazon was down today four-and-a-half percent and basically on rumors that trump might come after amazon and things like that i’m not sure if there’s any truth to that but that’s the rumor out there right now amd stock is now under $10 a share at this point in time i was down another 2% today we had
Square which is another stock that has been a high-flyer that was down over 7% today tesla took another huge move downward today down over seven-and-a-half percent today down around $21 a share netflix took another big downward move here today down around five percent $15 per share there so real quick before we get to the stock that toured up these tech stocks what
Can save these stocks is there anything that’s kind of like helps stop the bleeding because these talks have been bleeding well first off we knowledge that a lot of these companies they’re they’re tech related and a lot of these companies or high flyers ones that have been going up and up and up and maybe they just need to come down because some of these companies
Valuations got too high in a lot of these cases you know especially in a style you know with some of these stocks like amazon you know amazon’s a that’s a stock right now that was approaching a trillion dollars it’s still over three quarters of a trillion dollars right now for a valuation on animas almond of a company that might make you know four to eight billion
Dollars in profit next year that’s not very much for a company that has that type of valuation on it right now we saw stocks like square you know a md a lot of these stocks that had been high flyers previously are kind of coming back down to earth now you know especially some of these companies that don’t have much for earnings right now but and on the flip
Side the bleeding could stop in the month of april here’s why earnings are gonna start coming out in april and earnings for these tech companies shouldn’t more likely be good so that should probably help stop the bleeding although it’s it’s never for certain and you know who knows of the way wall street will look at it maybe we know they’ll maybe missed numbers
If that happens obviously some of these stocks could fall more it’ll be very interesting but earnings from majority of the tech companies are going to be coming out in the month of april and we’re only a few days away from april guys so it’s gonna get very interesting to see if this kind of like stops the bleeding or if this accelerates of bleeding here with tech
Stocks alright guys a stock that was up massively today is rh restoration hardware this stock was up over 22% today it’s up to 92 dollars a share as you guys know i used to be involved with this stock the stock used to be on three stocks i was buying it was on several episodes i got out of it way too soon i think i got out of the evident in like the $40 range or
So and that was way too soon it has so much more upside as we can see it hurts for me to see it basically they sell very high-end furnishings and things like that and their numbers came out very strong here are each reported fourth quarter fiscal 2017 earnings per share of a dollar 69 surging 149 percent from the prior year quarter ulta earnings per surpass zacks
Consensus estimate of one dollar and fifty cents of 56 cents by eight point three percent revenues increased 14 to 670 million dollars but miss consensus mark which they had around 671 million our age comparable brand revenues inched up two percent year-over-year against an eighteen percent decline in the prior year quarter the company is direct revenues rose ten
Percent while store revenues increased 18% from the year earlier quarter margins were very strong all around there as far as guidance there they gave first quarter outlook of revenues projected to be between 555 million and 565 million address just at gross margins to be projected somewhere around 36 percent there a little over six thirty six percent they had
Adjusted earnings per share or expected to be between ninety five cents in a dollar o five which is a very nice increase their fiscal year 2018 outlook they’re expected net revenues to be a little over two and a half billion dollars representing five to seven percent growth which isn’t much growth in revenues there but if you look at what’s expected for earnings
Per share it’s dramatic i mean they’re expected five dollars and 45 cents to six dollars and 20 cents of earnings per share there so it’s a company that’s you know not expecting a ton of revenue growth five to seven percent that’s like okay but the earnings per share growth is astronomical right now with this company and we look in the four p’s not like it’s not
You know with how much rh has gone up you would think that this forward p/e would be a you know super high and it’s really not still even at these levels it’s in the 16 range right now so it should be a very interesting stock to watch am i interested in getting back in this one probably not is rose so much now at this point that i’m kind of not even interested in
The company very much i still track and it’s fun to track and see it go up 22% is like insane think about that you had a 100k nrh for instance you just made $22,000 profit today so very big numbers there but their revenue growth does not impressed me it’s just that earnings per share growth but earnings per share growth eventually that’s gonna start to slow in a
Major way for rh unless they can get those revenues to go back up in a major wave and then get back to like a double-digit type revenue number up there so interesting stuff let me know what you think about tech stocks do you think they’re gonna continue to fall do you think the bleeding is going to kind of stop here and they’re gonna start moving back up do you
Think it’s going to take until earnings start coming out in april for these stocks to kind of recover and things like that do you think it would get worse i want to hear your guy’s opinion in that comment section about these tech stocks and what done you know what you’re thinking there are there any stocks you own out there that are making moves downward or upward
I’d love to hear from you guys anyways thank you for watching and have a great day you
Transcribed from video
Tech Stocks Sell Off Continues… when will it stop? By Financial Education
