Hey guys
This week we had some really interesting earning reports that I liked and some amazing news from a company I talked about in a previous post.
VISA
First ,we had the quarterly results from my favorite Visa
And they were amazing! Visa posted a double beat with a 12% year-over-year revenue increase, a 16% increase in profits YoY, and a net profit margin hitting 56%
They also increased their dividend by 13.5%
Just like that, because they can
To show you the quality of this company, let’s compare Visa’s take rate with that of PayPal . Visa keeps raising it every year , while PayPal has to cut it . That’s what real pricing power looks like!
Aside from Visa , we had even more impressive results yesterday from Google
By the way, these two companies that are also under heavy fire from the DOJ
So, Google not only surpassed all analyst expectations but saw growth across all segments
Honestly, this company is a money-printing machine
For instance, YouTube, for the first time, exceeded $50 billion in revenue over the past 12 months
The stock skyrocketed by +6% in after-market trading
Despite this, with a forward P/E of 21, many argue that even now, it’s quite undervalued and a good investment opportunity
What’s your take on Google?
EXXON MOBIL
We recently got some fantastic news about Exxon Mobil
And no, this time it’s not about oil
The news is that lithium deposits have been discovered in Arkansas
The issue, though, is that the lithium is located at very deep levels, making it hard to extract
Well, guess which company is active in the area and is developing the technology required? That’s right, ExxonMobil
The company's segment working on this (Mobil Lithium) estimates insane revenue growth in the coming years from lithium extraction, as demand for electric batteries continues to rise
US ECONOMY
The U.S. economy is really on fire!
Here’s a quick update
A. GDP increased again for the third quarter (+2.8%)
B. Core PCE, the Fed’s favorite metric, came in at 2.7%, as expected
C. Initial jobless claims dropped by 12,000 last week, far more than anticipated
D. Unemployment rate remained the same at 4.1%
In short, the U.S. economy continues to grow, with inflation steadily moving toward 2%.
Posted Using InLeo Alpha
