4 Nasdaq stocks to explore after the CPI data - Kalkine Media

November 15, 2022 12:06 AM PST | By Mridul Gogoi
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Highlights:

  • Microsoft Corporation’s revenue in Q1 2023 was US$ 50.1 billion.
  • META Platform’s family daily active people soared four per cent year-over-year to 2.93 billion in Q3 2022.
  • Apple Inc. generated revenue of US$ 90.1 billion in Q4 2022.

 

The US labor department data on Thursday, November 10, (date) revealed that consumer prices dropped more than expected in October. Investors now anticipate that the Federal Reserve may go easy on the rate hikes. The CPI data revealed that US consumer prices scaled 7.7 per cent on an annual basis through October, from 8.2 per cent at the end of September.

Of late, stringent monetary policies by the Federal Reserve have rattled the US equity market for much of the current fiscal. However, the CPI report gave much-needed impetus to the Nasdaq composite after languishing in the longest bear market since the financial crisis.

Amid this development, Kalkine Media® deep dives into four Nasdaq-listed stocks and explores their performances in recent months:

Microsoft Corporation (NASDAQ: MSFT)

One of the largest IT companies in the world, Microsoft builds and licenses consumer and enterprise software. Ranging from Windows operating systems to Office productivity suite, the company has a gamut of software solutions that drive the global online world. The US$ 1.9 trillion market cap company Microsoft distributes a dividend of US$ 0.68 per share, which is next payable on December 8, 2022. With a dividend yield of 1.004 per cent, Microsoft registered a 3-year dividend growth of 8.27 per cent.

For the first quarter of fiscal 2023, Microsoft reported a revenue of US$ 50.1 billion, which was a growth of 11 per cent from the same period the previous year. The company's operating income soared by six per cent to US$ 21.5 billion.

However, the company’s net income fell by 14 per cent compared to the year-ago quarter to US$ 17.6 billion. Apart from that, its diluted earnings per share also shrank 13 per cent from the corresponding quarter in 2022 to US$ 2.35.

The MSFT plunged over 26 per cent year-to-date (YTD) while gaining over 8.11 per cent over the past month.

Meta Platforms Inc. (NASDAQ: META)

Meta is the world's largest online social network having over 3.6 billion active monthly users. The company said it registered revenues of US$ 27,714 million in the third quarter of 2022 compared to a revenue of US$ 29,010 million in the corresponding quarter in 2021.

Meta Platform’s income from operations in Q3 2022 also saw a four per cent drop compared to the previous year's comparative period. It was US$ 5,664 million in Q3 2022 relative to US$ 10,423 million in the year-ago quarter. Meta reported a drop in its net income to US$ 4,395 million in the reported quarter versus US$ 9,194 in the same period in the previous year.

However, Meta founder and CEO Mark Zuckerberg mentioned that the company is headed to 2023, hoping to move from the current environment and emerge even stronger. The family daily active people of the company grew four per cent year-over-year to 2.93 billion, while Facebook monthly users also jumped two per cent in the quarter to 2.96 billion compared with the same quarter in 2021.

The EPS of the US$ 302.85 billion market cap company is 10.48, while its P/E (price-to-earnings) ratio is 10.80.

Apple Inc. (NASDAQ: AAPL)

Apple Inc. is a US multinational technology company based in Cupertino, California. Particularly known for its iPhone, Apple also manufactures a host of other equally in-demand products ranging from PCs, smartwatches, Airpods, TV boxes, etc.

The company distributes a quarterly dividend of US$ 0.23, and its current dividend yield is 0.62 per cent. It registered a three-year dividend growth of 5.8 per cent.

Apple posted a fourth-quarter fiscal 2022 revenue of US$ 90.1 billion, which was an eight per cent YoY growth. Its quarterly earnings per diluted share also sprinted four per cent year-over-year to US$ 1.29, while its annual earnings per diluted share were US$ 6.11, which was a nine per cent jump on a yearly basis.  

Apple Inc. generated over US$ 24 billion in operating cash flow in the quarter that ended September 24, 2022. The company returned over US$ 29 billion to its shareholders in the reported quarter.

The AAPL stock surged over 2.85 per cent in the last six months, while it gained more than 5.11 per cent over the past month.

Description: AMC Networks Inc. (NASDAQ: AMCX)Kalkine Media® / Source: ©Kalkine Media®; © Canva via Canva.com

AMC Networks Inc. (NASDAQ: AMCX)

AMC Networks boasts a customer base of over 78 million pay-TV households in the US and holds a market cap of US$ 902.57 million. The company owns many cable networks, including its flagship AMC, WEtv, BBC America, SundanceTV, IFC, etc.

The EPS of AMC Networks is 6.51, while the PE ratio stands at 3.30.

In the three months ended September 30, 2022, AMC Networks reported net revenue of US$ 681.84 million compared to US$ 810.76 million in the year-ago quarter. The company’s operating income in Q3 2022 was US$ 150.67 million, whereas it was US$ 188.32 million in Q3 2021.

The diluted EPS in the reported quarter was US$ 1.94, and the adjusted EPS was US$ 2.09.

The company said that its streaming subscribers galloped 44 per cent from the previous year to 11.1 million subscribers in the reported quarter.

Over the last week, the AMCX stock gained more than 11.77 per cent.

Bottom line:

Investing in the volatile market has been challenging since the beginning of this year. Investor sentiments were low through most of the current fiscal due to several headwinds, even as the economy tried to come out of the pandemic. The Russia-Ukraine war, supply chain disruption, the fastest inflation in decades, and the Federal Reserve’s aggressive monetary policies have sent the stock market into a bearish phase.

However, as investors, it's critical to ensure due diligence and study trends properly to make informed decisions.

 


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