Netflix & Chill, Everyone?

Hey there!

What’s up? How was your week?!

Mmmmh…It’s still hard to believe we’re almost through January, but it’s been quite a journey. We made it through [usually] the “longest” month of the year. Hope you’re enjoying it😁.
Because I did!

Whoa! Whoa! Whoa!😄😄 I’m super excited to be back this week and as usual, I’ve got lots of interesting stock gist for you.

Are you readyyyyy!!? 😜 Let’s get it, shall we?

Netflix is on Firee!!!

Our favourite streaming platform is on what, ON FIRE! What!? A total of 260.3 million subscribers!? C’mon!!!

Hey, bestie! I’m sorry I forgot to mention earlier – you’re gonna need a bigger bowl of popcorn for this gist!!😜🤩

So, Netflix announced its Q4 result, and the company’s revenue went up by 12.5% year on year to $8.83 billion. Analysts predicted 8.7 million subscribers but the company went beyond the street’s expectations. Our favorite video streaming platform had more than 13 million subscribers which makes it a total of 260.3 million subscribers – And you know this includes you and I…

Netflix & Chill everyone! Literally!!!

In 2022, Netflix reported losing subscribers for the first time in more than a decade — about 200,000 accounts in the first quarter of that year and close to 1 million in the second. Due to the decline in subscription numbers, the company tried several initiatives to add more subscribers. First, it announced its password crackdown – limiting the number of devices that can use a single password.

Also, the company added a cheaper subscription option that includes ads. The aim was that these changes would bring in more revenue and help offset some of the recent subscriber losses… and Boy, did it work!!
What do you expect from a platform that has something for everyone regardless of their mood?

Need a laugh? Netflix has the perfect comedy.
Want to be on the edge of your seat? Netflix has a thriller for that.
Craving something heartfelt and emotional? Netflix can deliver.

No matter what you’re looking for, Netflix is there to help! So, the company truly deserves this number of subscribers.

Investors are super excited and cheering for the company’s success. In addition, the company forecasts “healthy double-digit” revenue growth for the full year. 2024.

It looks like there is a solid quarter ahead for Netflix.

Come through, Netflix!!!

NGX, Totally Smashing it!!

The Nigerian stock market is definitely not playing this year… Like seriously!! The market is hitting over 100,000 index points! No kidding! It’s like NGX is on steroids or something!

Because? What’s going on!? 🤣🤣 The market has just been hitting it higher highs since the year began.

The NGX All-share index (ASI) has gotten to 101,571.1 points, up by 3%. And this happened in less than a week after Nigeria displaced Argentina, claiming the title of the world’s top-performing market! Bruuuh ….The Nigerian equity market is on another level.

The banking sector is stealing the show! It keeps pulling out all the stops, steering the Nigerian stock market towards greatness in recent weeks. It’s like they’ve turned into the superstars of the market, and everyone’s tuning in for the performance of a lifetime! 🤣🤣🤣

But that’s not all, buddy!

Our big shots, Alhaji Aliko Dangote and Alhaji Abdul Samad Rabiu, seem to be living their best financial lives! God when!😩 Their company’s valuations doubled. Dangote Cement, where Aliko Dangote holds most of the shares, had a whopping 54% capital gain, making it the heavyweight champ in the N6.29 trillion rally at the stock market last week. And Rabiu’s BUA Cement? Well, its company share price leaped about 46%. Damn!

These guys are really playing in a different league, I tell ya!

Let’s take a break while you digest the stories and share them with your friends.

Don’t forget to inform them to download the trove app – to enjoy a journey to wealth just like you.

Nokia Shares Buy-back!!

You know how sometimes, things get messy with the economy and businesses feel the impact? Well, that’s what’s happening with Nokia right now.

Okay! Okay! Don’t rush me😜… I’m gonna spill the beans … of course, that’s what I always do…
You know the vibes

So, the Finland-based company released its fourth-quarter report on Thursday. According to the report, its net sales took a 23% year-on-year drop-in-price (dip), landing at 5.7 billion euros, while the comparable operating profit also dropped by 27% year-on-year which is 846 million euros. Yikes!
After releasing the report, Nokia announced it would begin a two-year 600 million euro ($653 million) share buyback this quarter. Nokia wants to take back its company’s shares…Mmmmh interesting! Who knows what’s cooking in the company? They’re definitely up to making their shares more valuable and increase future returns for shareholders.

In December 2023, the company suffered a massive deal, when U.S. mobile carrier AT&T signed a deal with the company’s rival Ericsson to build a new type of 5G network in the U.S. In other words, AT&T’s network will rely heavily on Ericsson, rather than on Nokia.

In a statement by the company’s chief executive, Pekka Lundmark, he stated that last year, Nokia saw a meaningful shift in customer behavior impacting our industry driven by the macroeconomic environment and high-interest rates along with customer inventory digestion. “We expect the challenging environment of 2023 to continue during the first half of 2024, particularly in the first quarter,” Nokia chief executive Pekka Lundmark said in an earnings statement. Ahh! Looks like there is fire on the mountain 👀

How do you feel about Nokia’s future?

Tesla, You Can Do Better!!

Hey buddy! I’m not sure if this is the kind of news you wanna hear, but It’s my job to dish it out anyway. 😶‍🌫️ I know you’re a big Tesla fan, but I’ve got to say, it’s not looking too great for them at the moment.

The company’s fourth-quarter earnings report is pretty underwhelming, and its outlook for the future doesn’t seem great either.

After the company reported fourth-quarter earnings that missed estimates and issued a downbeat full-year production outlook, Tesla’s stock (TSLA) fell over 12%. Damn!
Tesla reported top-line revenue of $25.17 billion against $25.87 billion expected; revenue rose approximately 3% from a year ago. Tesla reported adjusted EPS of $0.71 against $0.73 expected. Adjusted net income totaled $2.48 billion against the $2.61 billion expected by the Street.

Based on this report, you can see that Tesla’s revenue for the fourth quarter was lower than what analysts had predicted. It was also slightly lower than the same quarter a year ago. Tesla’s adjusted earnings per share and net income were also lower than what analysts expected.

Also, in terms of its full-year production, Tesla said its “vehicle volume growth rate may be notably lower than the growth rate achieved in 2023, as our teams work on the launch of the next-generation vehicle at Gigafactory Texas,” indicating it would not reach Street estimates of 2.19 million for 2024, which would have been a 21% increase from 2023.

So, the company is expecting its vehicle sales to grow at a slower rate in 2024 than it did in 2023. Tesla attributes this to the fact that it is working on launching a new vehicle, which is taking time and resources away from other areas of the business. So, Tesla is warning investors that it may not meet the sales targets of 2.19 million for 2024, which would have been a 21% increase from 2023 that Wall Street analysts have set for the company.

CEO Elon Musk has also confirmed that the company’s next-gen vehicle will be coming in the second half of 2025. Interesting!
Due to the decline in the company’s stock, some analysts have said valuation could become tough to justify if Tesla’s sales growth and margin weaken further.

Time will tell how this plays out for the company.

Until then, Let’s keep watching.