AMD Faces Lower Gaming Sales
Plus, WeWork's reported bankruptcy.
Today is Wednesday, November 1, 2023.
The Early Bird Index today is 52.17.
New to this newsletter? Sign up here.
AMD Faces Lower Gaming Sales
Advanced Micro Devices (Nasdaq: AMD) ticked down by 0.55% in after-hours trading on Tuesday after the semiconductor company posted mixed financial results.
Financials: AMD reported earnings of 70 cents per share in the past quarter and revenue of $5.8 billion; both were better than expected.
Powering the Story: The company’s revenue guidance for the current quarter is lower than anticipated. AMD said that its growth is “partially offset by lower sales in the gaming segment and additional softening of demand in the embedded markets.”
Final Thoughts: AMD, up 53% this year, is banking on future growth through its AI chips.
First Disruption to Smartphones in 15 Years🤳
Tech Startup With Traction: Turn your phone from a cost to an income source. Intriguing idea, isn't it? This is why, we have our eyes on the launch of Mode Mobile’s Pre-IPO Offering. It’s the latest in a series of impressive raises among smartphone innovators, likely spurred by Apple’s recent $3+ trillion valuation.
Mode saw 150x revenue growth from 2019 to 2022, a leap that has made them one of America’s fastest growing companies. Mode is on a mission to disrupt the entire industry with their "EarnPhone," a budget smartphone that’s helped consumers earn and save $150M+ for activities like listening to music, playing games, and ... even charging their devices?!
Over 11,000 investors already acquired shares — and with only days remaining prior to their bonus tier closing, allocations are limited.
*Disclosure: Please read the offering circular at invest.modemobile.com. This is a paid advertisement for Mode Mobile’s Regulation CF Offering.
Notable Earnings Today: Norwegian Cruise Line (NYSE: NCLH), PayPal (Nasdaq: PYPL), CVS Health (NYSE: CVS), Roku (Nasdaq: ROKU), Humana (NYSE: HUM), Airbnb (Nasdaq: ABNB), DoorDash (Nasdaq: DASH), Qualcomm (Nasdaq: QCOM), Wayfair (NYSE: W), Electronic Arts (Nasdaq: EA), Wingstop (Nasdaq: WING), Kraft Heinz (Nasdaq: KHC), SolarEdge Technologies (Nasdaq: SEDG), Yum! Brands (NYSE: YUM), Etsy (Nasdaq: ETSY), Estee Lauder (NYSE: EL), Zillow (Nasdaq: ZG), Mercado Libre (Nasdaq: MELI), Builders FirstSource (NYSE: BLDR), Albemarle (NYSE: ALB), Extreme Networks (Nasdaq: EXTR), e.l.f. Beauty (NYSE: ELF), Avis Budget (Nasdaq: CAR), Aflac (NYSE: AFL), Alkami Technology (Nasdaq: ALKT), Altice USA (NYSE: ATUS), American Financial Group (NYSE: AFG), American International Group (NYSE: AIG), American Water Works (NYSE: AWK), Apellis Pharmaceuticals (Nasdaq: APLS), Apollo Global Management (NYSE: APO), Astec Industries (Nasdaq: ASTE), Arcosa (NYSE: ACA), Axalta Coating Systems (NYSE: AXTA), Bally's (NYSE: BALY), Bausch + Lomb (NYSE: BHCO), BioMarin Pharmaceutical (Nasdaq: BMRN), Boston Properties (NYSE: BXP), Brinker (NYSE: EAT), C.H. Robinson (Nasdaq: CHRW), California Resources Corp (NYSE: CRC), Camping World (NYSE: CWH), Canada Goose (NYSE: GOOS), CDW (Nasdaq: CDW), CF Industries (NYSE: CF), Cheesecake Factory (Nasdaq: CAKE), Chefs' Warehouse (Nasdaq: CHEF), Clean Harbors (NYSE: CLH), Cognizant Technology Solutions (Nasdq: CTSH), Confluent (Nasdaq; CFLT), Dine Brands (NYSE: DIN), DuPont (NYSE: DD), DXC Technology (NYSE: DXC), Energy Transfer (NYSE: ET), Entergy (NYSE: ETR), Exact Sciences (Nasdaq: EXAS), Fastly (NYSE: FSLY), First Watch Restaurant Group (Nasdaq: FWRG), Garmin (NYSE: GRMN), Generac Holdings (NYSE: GNRC), GlaxoSmithKline (NYSE: GSK), Herbalife Nutrition (NYSE: HLF), Host Hotels (Nasdaq: HST), Hudson Pacific Properties (NYSE: HPP), IDEXX Labs (Nasdaq: IDXX), Ingersoll-Rand (NYSE: IR), Innovative Industrial Properties (NYSE: IIPR), IQVIA (NYSE: IQV), Janus Henderson Group (NYSE: JHG), Lemonade (NYSE: LMND), Lincoln National (NYSE: LNC), Manitowoc (NYSE: MTW), Marathon Oil (NYSE: MRO), Marriott Vacations (NYSE: VAC), Martin Marietta Materials (NYSE: MLM), McKesson (NYSE: MCK), MeridianLink (NYSE: MLNK), MetLife (NYSE: MET), MicroStrategy (Nasdaq: MSTR), Mondelez International (Nasdaq: MDLZ), Murphy USA (NYSE: MUSA), National Storage Affiliates (NYSE: NSA), Nu Skin (NYSE: NUS), Nutrien (NYSE: NTR), Paramount Group (NYSE: PGRE), Park Hotels & Resorts (NYSE: PK), Prudential (NYSE: PRU), PTC (Nasdaq: PTC), Qorvo (Nasdaq: QRVO), Radian Group (NYSE: RDN), Radware (Nasdaq: RDWR), Rayonier (NYSE: RYN), Revolve Group (NYSE: RVLV ), Scotts Miracle-Gro (NYSE: SMG), Service Corp (NYSE: SCI), Silicon Motion (NasdaqGS: SIMO), Sinclair Broadcast (Nasdaq: SBGI), SiTime (Nasdaq: SITM), Super Micro Computer (Nasdaq: SMCI), TE Connectivity (NYSE: TEL), Trane (NYSE: TT), Trimble (Nasdaq: TRMB), Verisk Analytics (Nasdaq: VRSK), Werner Enterprises (Nasdaq: WERN), Williams Cos (NYSE: WMB).
Notable IPOs Today: enGene Holdings Inc. Common Stock (Nasdaq: ENGN), Pineapple Financial Inc. (NYSE American: PAPL).
Notable Equity Crowdfunding Campaigns Ending Today: N/A.
Notable Economic Events Today: ADP Nonfarm Employment Change (8:15 a.m. ET), S&P Global US Manufacturing PMI (9:45 a.m. ET), JOLTs Job Openings (10:00 a.m. ET), ISM Manufacturing (10:00 a.m. ET), Crude Oil Inventories (10:30 a.m. ET), FOMC Statement and the Fed Interest Rate Decision (2:00 p.m. ET).
WeWork's Reported Bankruptcy
Gif by millennialsofatlanta on Giphy
Final Thoughts: WeWork’s stock is down 99% since its IPO.
Paycom Software’s Bleak Outlook
Shares of Paycom Software (NYSE PAYC) plunged by 32.09% in after-hours trading on Tuesday following the company’s release of weaker financial results.
Final Thoughts: Paycom, down 19% this year, projects revenue for the current quarter to be lower than expected.
Trends to Watch
Jackpot: Caesars Entertainment 3Q Profit Rises on Higher Revenue (MarketWatch)
Sunny Outlook: First Solar Tops Earnings Estimate, Stock Edges Higher (Investor’s Business Daily)
October Surprise: Bitcoin Saw 27% October Surge as Traders 'Panic Bought' Amid Bitcoin ETF Enthusiasm. Is $40,000 Next? (CoinDesk)
Get Ready: Invesco and Galaxy’s joint spot Bitcoin ETF added to DTCC’s site (Cointelegraph)
Equity Crowdfunding News: LiquidPiston Raises $30 Million in Reg A+ Crowdfunding Round (Global Newswire)
Thank you for reading!
Forward to a friend and tell them to sign up here.
Want more investing tips? Listen to the podcast.
Show Your Support: Buy Me a Coffee.
Questions or comments? Hit reply to reach out.