Trade Findings and Adjustments 08-12-21

Trade Findings and Adjustments 08-12-21

Keve Bybee – keve@hurleyinvestments.com

BIDU –

• Earnings: Beat bottom line by $0.33, Beat revenue by $80M
• Shares down 4%
• Guidance was in line 4.7B – 5.2B. Apparently that is a bad thing?!?
• The Steve Jobs idea of “lower” guidance is so you can beat expectations easier
• Education companies have been receiving the communist party crack down
• Chinese Tech companies stand to make the govt insiders more money
• Less likely to regulate or bite the hand that feeds them

What is wrong with this market?

• Market is at all time high
• Tech stocks and other stocks (AAPL, BIDU, FB, V) have all had great earnings and have fallen down
• As long as the govt is going to print $$$ and spend BILLIONS (infrastructure etc.) There’s a good chance our market will continue to go up.
• On the next pull back money “SHOULD” go to the companies that have had great earnings and haven’t gone up or have been beaten up unnecessarily