for coming on at difficult moment for the co
its my job to hold guests accountable, but sometimes just a clip just gets tweeted. Entire interview worth a watch where Keith explains how opendoor has stress tested model & could survive (even thrive) in a downturn
is announcing a new partnership, allowing customers to borrow pre-used products from designer accessories rental platform Vivrelle amid a brutal year for stocks in the luxury clothing resale field.
says sector names cutting costs are exposing themselves to long-term vulnerability by pulling back on experimental projects while funding strategic initiatives.
LIFE IN THE FAST LANE @Qualcomm CEO @cristianoamon says the uncertainty in the markets isn't slowing down the chipmaker's automotive business, seeing strong growth and pent up demand as supply chain pressures ease.
Markets are setting up for a rally as downside risks remain as long as the dollar & yields don't show signs of reversal. These reversals are critical for the market paradigm to change.
My discussion with
doesn't think the current volatility will have a long-term impact on companies completing their digital transformation as they look to improve growth and cost efficiency.
says the uncertainty in the markets isn't slowing down the chipmaker's automotive business, seeing strong growth and pent up demand as supply chain pressures ease.
Light at the end of the tunnel? MoffettNathanson's Sterling Auty says it's time to start buying back into software, calling $MSFT well positioned to drive attractive growth and solid margins.
thinks the latest Fed rate hike could put tech stocks in jeopardy, warning that the Nasdaq's nearing a "critical point" as software approaches new lows.
:
Operating leverage in tech is heavy in labor. "We WILL see layoffs in tech." That will not only a) help earnings growth, but b) "work toward the Fed's goal" of reining in wage inflation.
BERNSTEIN: The reported cost cuts at $META "would go a long way to protecting the $10 EPS floor that Bulls are banking on for next year .. the reality is that the company has a lot of room to preserve earnings power via sizeable opex cuts."
JPMorgan CEO Jamie Dimon says cyber risk is a "nonstop battle" and everything JPM does goes through cyber review. “I put this way up there right behind competition with China and this war in Ukraine. Cyber risks are extraordinary." (via Senate Banking hearing)
Strong Amazon Prime ratings numbers for Thursday Night Football:
According to Nielsen, Amazon Prime averaged 13 million viewers P2+. That's up 47% from last season’s Week 2 TNF game on NFL Network (8.84M).
(FT) - Leaders of JPMorgan Chase, Bank of America and Citigroup have committed to complying with any US government demand to pull out of China if Beijing were to attack Taiwan.
$JPM$C$BAC
The median cloud software NTM revenue multiple is now 5.5x, which is a 5 year low. The last time the median multiple was lower was late 2016 early 2017. The covid low (March 2020) median multiple was 6.6x (20% higher than where we are now)
* LAWSUIT SAYS TRUMP AND THE TRUMP ORGANIZATION USED FALSE AND MISLEADING STATEMENTS 'REPEATEDLY AND PERSISTENTLY' TO INDUCE BANKS TO LEND MONEY ON FAVORABLE TERMS