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Commentary
Most of the early reports of first-quarter earnings and sales came from financial companies, and most of them reported very good results. Goldman Sachs (GS) kicked off the earnings announcement season with its strongest result in the past five years. Then, JPMorgan (JPM) posted a big beat on Tuesday, followed by Taiwan Semiconductor (TSM) on Wednesday, announcing 41% annual sales growth and 58% earnings growth – both exceeding analyst expectations – which got many investors excited about data center and AI stocks.
This week, many fundamentally superior stocks in our portfolio will begin to announce their quarterly results, and expectations are very high due to positive analyst earnings revisions. Also, some welcome news from our stocks, such as Bloom Energy (BE) surging on news that Oracle (ORCL) is expanding its purchase of the company’s natural gas fuel cells for its data centers. Oracle’s goal is to become the largest data center company in the U.S., so naturally, Bloom Energy should be a big beneficiary. With Bloom Energy’s natural gas fuel cells, Oracle’s data centers do not have to depend on utilities to provide electricity for its aggressive expansion….
Most of the early reports of first-quarter earnings and sales came from financial companies, and most of them reported very good results. Goldman Sachs (GS) kicked off the earnings announcement season with its strongest result in the past five years. Then, JPMorgan (JPM) posted a big beat on Tuesday, followed by Taiwan Semiconductor (TSM) on Wednesday, announcing 41% annual sales growth and 58% earnings growth – both exceeding analyst expectations – which got many investors excited about data center and AI stocks.
This week, many fundamentally superior stocks in our portfolio will begin to announce their quarterly results, and expectations are very high due to positive analyst earnings revisions. Also, some welcome news from our stocks, such as Bloom Energy (BE) surging on news that Oracle (ORCL) is expanding its purchase of the company’s natural gas fuel cells for its data centers. Oracle’s goal is to become the largest data center company in the U.S., so naturally, Bloom Energy should be a big beneficiary. With Bloom Energy’s natural gas fuel cells, Oracle’s data centers do not have to depend on utilities to provide electricity for its aggressive expansion….
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