🚙Ford: Truly an Underdog🛻

In our daily update on 10 September, we have painted a bring spot for Ford. The company had delivered a robust quarter earnings with beats in profit projection. Moreover, the raising of full-year profit guidance brings a smile to the investors.

A piece of more delightful news is the return of quarterly dividends. Earnings per share rocket 51 cents compared to an estimate of 27 cents. The CEO also conveyed the successful company navigation in chip shortages and Covid-19 woes. There is the expectation for production to recover strongly as more parts become available. The idea is to replenish stocks in the dealer inventory.

Nonetheless, the shift towards paying out dividends evokes confidence and strongly signals the enormous improving business sentiments and the ability to fund investment in its EV plan.

Pika World maintains a positive outlook on the stock consistent with our prior feature of the company prospect.

📱Apple: Supply Issues Woes⏳

The much-anticipated earnings result is here. Unfortunately, the company earnings result fell short of expectation as the CEO Tim Cook signals a more pronounced problem in supply constraints. However, earnings per share were in line with expectation, and revenue was lighter at $83.3.6 billion compared to estimates of $84.85 billion.

The bright spot lies in services revenue which rose 25.6% compared to a year ago despite a less rosy revenue from iPhone. Since the onset of the pandemic, Apple has not provided earnings guidance. The company is still expecting a robust December quarter that is likely to hit a record.

It is perhaps the first quarter Apple had missed estimates since April 2016, but Pika World remains hopeful that the company will register a firmer outlook ahead once supply constraints fade.

💎Lucid: A Rare Gem being Polished💎

Delivery is set to start on 30 October, and this provides good sentiments for the shares. It is expected to deliver around 520 vehicles. The price tag is a wow as the Air “Dream Edition” costs a whopping $170,000 for its base model.

Lucid has shown remarkable progress in the execution of plans, and Pika World maintains optimism about the company’s outlook.

🩺Teladoc: A stock that Pains Us💊

The company is Pika World’s favourite. While it forms a tiny fraction of our portfolio, we believe its performance has been underappreciated. Third-quarter saw a net loss of $84.3 million which is smaller than expected.

For the past three earnings reports, the stock had always fallen after the announcement of results. Paid membership had risen by 2% on a yearly growth rate which is consistent with estimates. In addition, the total visits hit 3.9 million, which smashed the target of 3.5 million.

Pika World continues to monitor the company’s progress as we are hopeful that its services will continue to be in demand even in a post-pandemic world.