Zoom Booms as company crushes earnings

COVID19 star is still smashing expectations                                                                                                                                                                                                                                                                                                                                                                                                                 August 22, 2023 | [Read Online]( Dawn Report August 22, 2023 Zoom surged in after-hours trading after crushing earnings expectations. (And remember, it is ZM, not ZOOM). ZM was up more than 4.4% in extended trading. Earnings were $1.34 a share, compared to just the $1.05 that were expected. Revenue was slightly above expectations, at $1.14 billion compared to $1.12 billion. Revenue was up 3.6% year-over-year. Still, the stock is down this year even as the market has risen. It’s a far cry from its peak during the COVID-19 retail trading boom. Zoom was the company of that entire era, in retrospect. It seemed custom made for the new environment - and the stock price reflected it. When the hysteria faded, so did the stock price - though the company is still a fixture of our lives and “Zoom” is now a verb, the same way “Xerox” once was. The moral here is to sell when the emotional peak hits - when people’s dreams of what the future holds for a company or an idea run far ahead of the reality. The company will probably still be in a better place when the moment fades - but reality never lives up to the fantasy. Remember, we are trading stocks, not companies - and that means we are dealing with the realm of human expectations, not just balance sheets. Get What’s Yours, Jeff Bishop WORD ON THE STREET - TSLA Pops By More Than 7% - Tesla [made](its largest one-day percentage gain since March 21, with the recent spotting of the Cybertruck for promotional material prompting investor enthusiasm. Baird analyst Ben Kallo also highlighted other “potential upcoming catalysts” like the wide-scale adoption of Full Self Driving which could give the company a boost. - Biden Administration Warns Americans To Leave Belarus - The State Department has characterized Belarus as a Level 4 risk, the highest security warning. The Biden Administration is [warning](Americans to leave the country immediately, as neighboring countries are building up forces to guard against incursions by the paramilitaries of the Wagner Group. The mercenaries fled there after the abortive coup in Russia. - Get Ready For The World’s Most Famous Mug Shot - “Can you believe it?” posted former president Donald Trump on Truth Social. “I’ll be going to Atlanta, Georgia, on Thursday to be ARRESTED.” ‘45’s bail has been set at $200,000 and he is also prohibited from “intimidating” people on the case… but the former president is likely to test what that means that on social media. We don’t know what will happen next, but we can guess that the mug shot will be used liberally by both sides in the upcoming election. Donald Trump remains the easy frontrunner for the Republican nomination. - $80K Or I Walk - And I got my start working for minimum wage… employers have raised the average full-time offer for new workers to $69,475. However, the “[reservation wage](,” meaning the minimum acceptable salary offer to switch jobs, is now $78,645. The cost of living is going up, and workers’ demands are going up with it. HOT SPOTS: What's Going on in Geopolitics - Former Thai PM Returns From Exile - Thailand’s former Prime Minister, Thaksin Shinawatra, arrived back in his home country. It might not have been a great move. He [faces](an eight year prison sentence for various crimes - but in the politically divided country, the state might not be strong enough to make him serve the time. - Rice Prices Surge In Asia - The food supply has never really stabilized after Russia’s invasion of Ukraine. Now an already unstable Asia will have to deal with a new factor - surging rice prices. India’s export ban and other factors have pushed rice prices to their [highest level]( in about 12 years. - New American Destroyer To Get Hypersonic Weapons - The USS Zumwalt, the lead ship of a new class of vessels, has arrived in Pascagoula, Mississippi to be fit with the “Conventional Prompt Strike weapons system,” according to the Navy. The ship will be [outfitted](with hypersonic weapons and should be ready to be deployed by 2025. CUTTING EDGE: What['](s Happening In Tech - Arm Files For NASDAQ Listing - Chip designers are at the center of the global supply chain, so this one will get some attention. Arm, opened by Japan’s SoftBank (which has been having a hard time lately), is [filing](for an IPO on Nasdaq. SoftBank has been unable to sell the British chipmaker, whose products are used by some of the world’s leading companies, including Amazon and Alphabet. - Don’t Worry, This Won’t Be Controversial - I’ve got a great idea, bring this up at Thanksgiving! The FDA has [approved](an RSV vaccine for expectant mothers. RSV is a dangerous disease for newborns, and the FDA touted findings that found the vaccine was more than 69% effective in lowering the risk of severe respiratory tract illness six months after birth. - New Cyperpunk Dystopia Law Just Dropped - “Child influencers,” a term that makes me question whether our civilization is a good thing or not, now have their own law. Illinois is the first state in the Union to pass a law [protecting](social media influencers under 16, making sure their earnings are not stolen by parents or others. They will now be guaranteed at least a percentage. FOR YOUR CONSIDERATION “Trapped into inaction because of new requirements, we may need another federal program to save the banks that are not ‘too big to fail’ but too small to succeed in this financial environment.” Regional banks just got another major downgrade. What’s behind the sudden loss of confidence… and is there worse to come? Mr. X looks to one of the architects of the response to “Too Big To Fail” for a hint of what comes next. [REGIONAL BANKS IN THE CROSSHAIRS]( Enjoying Dawn Report? Learn something, made some money? SHARE YOUR STORY WITH US OR TELL US HOW TO SERVE YOU BETTER. Let us know at info@rogueinvesting.com You’re receiving this email because you're signed up for alerts from Dawn Report. Make sure to keep them coming by [whitelisting Rogue Investing](. 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