Wall Street Brunch: SpaceX, Tesla, Meta On The Earnings Card
Download this episode onApple Podcasts/Spotifyor listen below: SpaceX,TeslaandMetaearnings put AI spending in focus.
(2:07) Elon Muskpromises a ‘sentient’ Roadster.
(2:39) Earnings season continues to ramp up this week, so let's dive in with three big names: SpaceX (SPCX) on Tuesday, followed by Tesla (TSLA) and Meta (META) on Wednesday.
Here are some quick hits on what Seeking Alpha analysts have to say about those stocks from the bull and bear camps.
Capital Minded says SpaceX justneeds to win 1% of the phone marketagainst the big three, and its $1.66B operating profit would nearly cover its losses from rockets and AI, with business and government revenue outpacing consumer growth.
But Trapping Value argues SPCX could buy any of the three major telecoms at a 100% premium to their last closing price, “and it would be a better decision than this capex war.†For Tesla, Geneva Investor says the gas price spike from the Hormuz crisishas replaced 30% to 45% of the old $7,500 EV creditin the U.S., acting as an even larger incentive.
But Agar Capital argues that what's more incredible than a flying Roadster is that Tesla is valued at about $1.4T, even as itcontinues to struggle to convert revenue growth into profits and positive cash flowsufficient to justify that valuation.
And Nelson Alves says Meta is transitioning from a cash-burning lab to acoordinated AI-driven platformwith multiple monetization paths.
Meanwhile, Jonathan Weber says AI spending is still having anegative impact on margins, and a better entry point is likely given how volatile shares can be.
GE Aerospace (GE), General Motors (GM), Netflix (NFLX), 3M (MMM) and United Airlines (UAL) join SpaceX on Tuesday.
Philip Morris (PM), IBM (IBM), AT&T (T), Kinder Morgan (KMI), Lam Research (LRCX) and Texas Instruments (TXN) weigh in on Wednesday.
P&G (PG), Lockheed Martin (LMT), Honeywell (HON), American Airlines (AAL), Comcast (CMCSA) and Western Digital (WDC) are up Thursday.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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