In today’s briefing:
- 1QFY23 Revenue Growth Accelerated As Cloud-Driven Transformation Goes Well
- Could This Be the Meme Stock of 2022?
- Options Trading With Hegic
- Target Vs. Walmart: Which One Is Better Buy?
1QFY23 Revenue Growth Accelerated As Cloud-Driven Transformation Goes Well
- Splunk Inc (SPLK US) , a leading American provider of machine-generated data platform and established software vendor, announced strong 1QFY23 earnings results.
- Total revenues grew to $674M, up 34% YoY, the highest revenue growth rate for the last 3 years. Cloud revenues jumped by 66%, reflecting customer adoption of the cloud platform.
- WSJ reported that Cisco made a $20B+ takeover offer for Splunk. However, no deal was on the table, but if talks resume, Cisco could pay $20B+, according to The NYT.
Could This Be the Meme Stock of 2022?
- Markets rejoiced this week after a string of weak economic data, which left many to consider if the economy was strong enough to handle further monetary policy tightening.
- This, combined with the upcoming midterms, has left many to forecast that the Federal Reserve could pivot away from its tough stance and hit the pause on rate hikes.
- With markets bouncing back from the lows of the month, meme stocks surged, and trading activity also saw a pickup.
Options Trading With Hegic
- Our journey into Decentralised Finance (DeFi) has so far covered several essential activities one can participate in, including exchanging with Uniswap, earning with Aave, yearn.finance and MakerDAO, staking with Lido and trading perpetual contracts with dYdX.
- Our journey continues this week as we learn how to trade decentralised options contracts with Hegic.
- What is Hegic? – Hegic is an onchain peer to peer options trading protocol built on Ethereum.
Target Vs. Walmart: Which One Is Better Buy?
- In the past couple of weeks, big box retail stocks got hammered. The largest retailer Walmart missed EPS expectations by a large margin
- The results certainly caught investors and analysts by surprise, and it seemed like their management was surprised too
- Some item sales (grills, plants, and pool chemicals) were impacted by weather, and high inflation was causing consumers to buy cheaper goods
Before it’s here, it’s on Smartkarma
