Meeting Minutes for 3/13/19
Attendees: Craig, Grant, Nicky, Eddie Stock Updates: Nicky – sell JPM Pitches: Add to BOA TTD Spotify Add to MSFT Buys: Add to BOA TTD Spotify Add to MSFT
Month: March 2019
$LEA Stock Update
Lear has been on a very nasty downward trend over the second half of last year, but things have turned around some for the better here in January and mid and long term sentiment is looking good. Analysts in February have moved their opinions from SELL to HOLD, which is a move in the right …
$COST Stock Update
COST, like the whole market, fell quite a bit in December and has not fully recovered until just this week, after it has announced and beat earnings $2.01 to a consensus $1.69. This alleviated concerns with some analysts covering the retailer, who then reiterated their outperform stock rating which has caused the stock to surge. …
$MSFT Stock Update
Microsoft has recovered well since December, having fallen down to $95 in late December the rising now back up to $115. They continue to make movements in the market. Their social platform LinkedIn they are starting to make more of a move with providing videos on that platform. LinkedIn as a social media, I predict, …
$BRK-B Stock Update
Berkshire has fallen back in December and hasn’t recovered much yet despite beating earnings in February $2.32 against a consensus of $1.85. In current uncertainty in the market, which has seen a tumble in December, not all stocks have bounced back as well as the S&P 500 has, and BRK-B is one of them. Warren …
$BAC $JPM Stock Update
The Federal Reserve has agreed to release “qualitative” portion of annual stress test regime from 2019 onward. Such easing of regulations, coupled with the corporate tax reform and rising interest rates, are likely to provide a boost to banks’ profitability. Bank of America has more than 26 million active mobile users. Its users have …
$EA Stock Update
After a downward trend in the second half of 2018 (dropping some 40%) the stock is on a rally in 2019 gaining 19% for the quarter. The Club’s cost basis is 74.65. Earning February 5th – beat earnings estimates, revenues fell short of expectations. This resulted in a 13% drop in stock price. However, shortly after …
$RNG Stock Update
The club is up 36% overall since purchases in May and October of last year. Beat earnings on February 11th. Earnings of $0.23 per share, beating testimate of $0.18 per share. This compares to earnings of $0.07 per share a year ago. Earnings have been beat the last 4 quarters. Revenues of …