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This is getting a little crazy. Lululemon is down to 13x earnings.
I know they have a lot more competition now than they had 2 years ago. However, they are still only focused on the female population.
Nvidia earnings are reported next week. It will be very interesting to see how this chart continues to move over the coming quarters and years. I think it is all going higher, but I think we are starting to see a little bit of a slower growth, which hopefully will allow them some breathing space to stabilise a few things.
TSMC has just released their Q2 2024 Earnings.
EPS: $1.48 vs $1.39 estimate
Revenue: $20.82 billion vs $20.06 billion estimate
Gross margin for the quarter was 53.2%, operating margin was 42.5%, and net profit margin was 36.8%. For Q3 2024 TSMC expect revenue between $22.4-$23.2 billion. The middle is well above the estimate of $22.65 billion.
This seems like another good quarter for TSMC overall, but so far the market has pushed down the share price and now it is trading at a forward P/E of 23
Time to buy??
Here is a quick run down the SoFi results this quarter.
From the outside it looks like they had a very strong quarter with 26.2% growth in terms of revenues and members are very strong at 43% up year on year.
However, the stock itself is a crazy rise and very hard to predict how it is going to perform over the short term.