Alibaba Q1 Earnings Highlights - $USFD $DIS $BABA $ILMN $NWSA - video Dailymotion

Benzinga

Straight from Benzinga newsdesk, host Michael O'Connor brings you the market news and stocks to watch.  Subscribe to our Stocks To Watch Newsletter here : https://go.benzinga.com/sales-page-187126583617110118712659  Today's Stocks: $USFD $DIS $BABA $ILMN $NWSA

Transcript

00:00 Good morning, Zinger Nation!

00:08 Welcome back to your daily stocks to watch.

00:11 Today is Thursday, August 10th, 2023.

00:13 I've got a little frog in my throat here, but other than that, things are going pretty

00:19 darn good.

00:21 We're now almost halfway.

00:22 Well, we're a third of the way through the month of August.

00:24 We're not quite almost halfway, but we're a third of the way through the month of August.

00:29 Hope everyone is having a great week so far.

00:32 Closing up pretty soon here.

00:33 Today's Thursday.

00:34 I will be out of office tomorrow, so we're not actually going to have a broadcast tomorrow.

00:39 This is the last stocks to watch of the week.

00:42 There will still be a list on the newsletter.

00:44 Keep your emails open for your still, your five hot off the Benzinga Pro Newsdesk ideas.

00:52 Just a little reminder, too, if you're listening in, if you watch us live and you're not subscribed

00:56 to the newsletter, check out the daily stocks to watch newsletter, too.

01:00 Super easy way to get five ideas every morning with some color commentary, some cool little

01:06 like techno features, too, that were added pretty recently.

01:10 We had a little like AI partnership thing.

01:13 We've got some cool AI generated deep dives into some of the names on the list that come

01:19 out as well.

01:20 So if you're getting tired of me talking about the stocks and you want a little AI take,

01:25 check out our newsletter.

01:26 I'm in the newsletter, too, but definitely a little little plug there for our stocks

01:31 to watch newsletter.

01:33 Always going to be popping out, even if I'm traveling or doing something or we're unable

01:38 to broadcast in a day.

01:39 We'll still have every day that newsletter.

01:41 We pop in ideas fresh to your inbox.

01:44 But let's dive into our list for today and get you out to your trading day.

01:50 It's nine twenty five.

01:51 Still a little time before market open.

01:52 Still got a little time to talk before things get hot.

01:56 But let's get to the list.

01:57 So stock to watch.

01:58 Number one, that's US Foods, ticker USFD.

02:04 Number two, we've got the Walt Disney Corporation with ticker D.I.S.

02:09 Number three is Alibaba Group.

02:11 That's ticker B.A.B.A.

02:13 Number four, we've got Illumina, ticker I.L.M.N.

02:17 And stock to watch number five is News Corporation.

02:20 That's ticker N.W.S.A.

02:23 This is a good list.

02:24 We've been earnings heavy recently because important names, big names have been releasing

02:28 their earnings.

02:29 Today is no exception.

02:31 Stock to watch number one is US Foods.

02:34 This is one of the big darn biggest.

02:37 I don't know if they're exactly the biggest.

02:39 Someone can fact check me there.

02:40 But they're one of the biggest US Foods company delivering and distributing frozen dry foods

02:48 and consumer packaged goods to customers and manufacturing sites.

02:53 They're one of the huge distributors, similar I think to ConAgra and a couple of the really

02:58 big giants, making sure that things don't spoil on the roadways of America and all over

03:06 the place.

03:07 But some interesting earnings today.

03:10 They actually beat by three cents on EPS, but Outlook wasn't the best.

03:16 They actually have started off over up one and a half percent pre-market and right now

03:22 are down about one percent pre-market.

03:25 So even with a little bit of an earnings beat here, nothing absolutely crazy going on, though

03:30 we're not seeing any huge downward movement or huge upward movement at US Foods.

03:34 A little up, a little down, but still pretty stable right around that forty one dollars

03:40 and ninety cent mark.

03:42 It's been fluctuating around there a good bit.

03:45 It's been down to forty one ninety, forty two, thirty six.

03:48 It's popping all over the place the last week, the last month.

03:51 A bit of a downward trend.

03:53 But if we look at the year to date, it is another one of those names that is up over

03:57 20 percent year to date, doing pretty good on the one year up over 28 percent.

04:03 So a stock that's been pretty consistent, pretty decent company in terms of its price

04:09 outlook.

04:11 Something to watch here, especially in the trucking industry, we've seen Yellow, one

04:17 of those huge trucking and distribution companies, not exactly as niche as US Foods.

04:23 US Foods is more niche distribution, trucking and last mile delivery and all those sorts

04:28 of things.

04:29 But a bit of a shakeup with the Yellow's bankruptcy.

04:32 I think that's important to watch if you're in the distribution, the transportation, the

04:37 logistics industry at all.

04:38 If you're invested in any of these companies, something to watch as we see earnings coming

04:43 out of distributors and other players, other competitors to companies like Yellow to see

04:49 if there's going to be any kind of contagion, any kind of decrease in expectations or increase

04:55 for competitors of companies like Yellow.

04:59 Stock to watch number two is the Mouse House.

05:03 That's Disney, ticker DIS, reporting better than expected earnings for third quarter,

05:09 but missing sales expectations, but doing a pretty decent pre-market up over 2.6 percent.

05:16 That's a pretty big move for Disney.

05:18 Disney is a very large market cap, almost 160 billion dollars.

05:23 So an upward move like that, pretty darn good.

05:27 Some color here, Disney may be near a turning point with some quotes from Bob Iger, some

05:35 things like that.

05:36 This is an earnings call worth replaying, I would say, just listening to Bob Iger talk

05:42 and talk about we've seen a lot of different color on Disney on whether or not the last

05:48 couple of quarters, especially whether or not Parks and Resorts is going to be rebounding,

05:53 doing better, doing worse, streaming, what's going on.

05:57 We saw significant losses in streaming, but seems to be doing OK.

06:02 Pulled back from the lower EPSs that we've seen, especially Q4 2022, pulling back pretty

06:11 stable around the Q1 and Q2 EPS, but pretty darn good.

06:15 A dollar three cents per share, beating expectations by six cents per share.

06:21 Nothing too crazy, but nothing too bad for Disney and 100 percent a stock to be watching

06:27 if you are in the consumer, the leisure sector.

06:30 If you're looking at these, listen in on the earnings calls for companies like this.

06:36 Don't hesitate to gain insight if you've got some time, even if you're not directly invested

06:41 in a company like Disney, listening in on the earnings call, always a valuable play.

06:46 And just a little update here, now up over three and a half percent pre-market, seeing

06:51 a bit of a big move here.

06:52 We'll have to watch and see if it continues moving in this morning.

06:57 Stock to watch number three is Alibaba.

06:59 That's ticker B-A-B-A, BABA, what a great ticker.

07:03 This is one that we haven't talked about Alibaba in a while.

07:07 It feels like it's been forever since we've talked about some of these Chinese stocks.

07:12 I know that we talked about I think the Chinese car manufacturers and then like the Chinese

07:19 American listed education companies as some of these companies that have crazy movements.

07:24 We haven't talked about the giant, the primary ticker for many traders for China, which is

07:30 Alibaba.

07:31 And pretty solid earnings coming out today, beating expectations by 38 cents per share.

07:37 Expects were at about two dollars and two cents per share, an actual report of two dollars

07:41 and 40 cents per share.

07:44 Earnings call is still live.

07:46 Hop in if you're an investor and you're not on the earnings call.

07:50 Definitely always valuable, incredibly valuable stock to be watching to gain insights into

07:56 the consumer market in China.

07:57 We've seen kind of a lot of headwinds for China recently.

08:01 It seemed that consumer spending was decreasing, even the economy dipping towards deflation.

08:07 Some interesting stuff going on right now in China.

08:10 If you are in the international markets, 100 percent a stock to watch, especially considering

08:16 all the different things going on in China right now.

08:20 Stock to watch number four, we've got Illumina.

08:23 I think I'm saying that right.

08:25 Illumina reporting better than expected results for the second quarter, but lowering annual

08:30 profit outlook.

08:31 Shares fell almost 6 percent yesterday and after hours trading and not doing great today,

08:38 down almost 5 percent today, making it a bit of a bit of a loser on the month and the three

08:45 months near to date as well.

08:47 Not a terribly great situation for Illumina right now.

08:51 But again, it was a pretty pretty solid beat on earnings.

08:56 Estimates were at about two cents per share and actual EPS was 32 cents per share.

09:01 It's kind of finally coming out of a trough of earnings as dipping down from Q1 through

09:07 Q1, really the full year of downward earnings.

09:11 And then we're actually heading back up for Illumina, which could be a good sign for this

09:16 company in the long term.

09:17 But again, difficult when profit is being cut, when the outlook is being slashed.

09:25 Not terribly great situation, but one to watch for sure, especially in the life sciences

09:32 and manufacturing and medical tools category.

09:36 Stock to watch number five.

09:38 Last one, we've got News Corporation.

09:41 That is take your NWS, NWSA to report quarterly earnings expectations at about nine cents

09:47 per share on revenue of just almost two and a half billion dollars after the closing bell

09:52 today, News Corp shares were fluctuating around a little bit yesterday morning, but up over

09:58 five percent on the week.

10:00 Pretty decent year to date, 13 percent after a big trough back in March.

10:06 It's risen back up from that.

10:08 An interesting company.

10:09 This is the company that owns Dow Jones, a bunch of different, let's see, what are they

10:15 called?

10:16 Digital real estate services, subscription video services, Dow Jones, book publishing,

10:20 news media and others.

10:22 You got a bunch of different stuff, including News Corp Australia, News UK, the New York

10:28 Post, a bunch of different constituents.

10:32 News Corp is one of the big names in news other than Benzing.

10:35 I mean, come on, we're the big name in financial news, but News Corp is one of the big ones.

10:42 We don't we're not publicly listed, so Benzing does not have a ticker.

10:44 But if you're interested in exposure to news, News Corp is one to watch, especially earnings

10:51 call coming up today after hours.

10:54 I think this is a really interesting way.

10:56 If you've never looked into media investing, if you've never looked into news investing,

11:01 a good one to watch because they're often interesting, even if you're not directly in

11:07 the industry, to gain some insights on what's going on in the industry.

11:11 We've seen shifts from newspapers to digital over the last few decades as seismic shifts.

11:18 Nowadays, a lot of people talking about shifts from actual writers to AI as a danger for

11:24 the entire news industry, a danger for a lot of the legacy players.

11:29 I would I don't know, I might bet that News Corp would be talking a little bit at least

11:34 about AI, about how it might affect them going forward, how they might be using AIs to write

11:41 news to cover things, because it's just they can write really darn fast.

11:46 They can write incredibly fast content.

11:48 And a lot of news has been affected by it already.

11:51 I would recommend tuning into News Corporation's earnings call, even if you're not an investor,

11:56 even if you're not in the news sector, check them out.

11:59 It could be some good insights into how a unique industry is approaching AI and the

12:05 next generation of technology.

12:07 All right, we're going to go back over our list and get you out to your trading day.

12:12 Stock to watch number one was US Foods.

12:15 That's ticker USFD.

12:18 Number two was Walt Disney Corporation.

12:20 That's ticker DIS.

12:22 Stock to watch number three was Alibaba.

12:24 That's ticker BABA.

12:26 Number four, we had Illumina, ticker ILMN.

12:30 And stock to watch number five was News Corporation.

12:33 That's ticker NWSA or NWS.

12:37 Hope everyone has a fantastic trading day, a fantastic close out to your week.

12:42 Like I said, the newsletter will be out tomorrow, but I will be catching you on Monday.

12:47 So hope everyone has a wonderful weekend and looking forward to catching you then.

12:52 [BLANK_AUDIO]

Alibaba Q1 Earnings Highlights - $USFD $DIS $BABA $ILMN $NWSA

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