5 Stocks to Watch This Week ($NFLX, $MAT, $SNAP, $DDOG, $TSLA)

July 18, 2022

Here are some key stats and data points on stocks that LikeFolio is watching this week...

Netflix (NFLX)
  • Wall Street’s reaction to Netflix’s 22Q1 report was violent: shares closed -35% lower the day following its earnings release, shaving $50 billion off the streaming giant’s market cap.
  • The cause: Netlfix lost subscribers for the first time in a decade, driven by a major pandemic pull-forward effect, password sharing, and the suspension of service in Russia that cost NFLX around 700,000 subscribers.
  • LikeFolio data shows Netflix cancellation mentions are tempering, dropping -25% month-over-month after peaking earlier this year.
  • Netflix users that stuck around are consuming more content: viewership mentions increased +18% YoY, driven by major releases like Stranger Things. This content also helped to boost subscription mentions +26% higher in the quarter, though this rate is not sustaining.
  • Long-term, it is unlikely Netflix will ever command the dominance it once held. Members can learn why by downloading our July 2022 Streaming Report. Please reach out if you are interested in accessing our July 2022 Streaming Report featuring 5 critical truths of streaming.
Mattel (MAT)
  • Consumer demand for Mattel (parent of classic toys including Barbie and Hot Wheels) is hot: Purchase Intent increased +32% YoY in 22Q2 and is accelerating in the first month of 22Q3, pacing for +38% YoY growth -- a positive sign for guidance.
  • Mattel is expected to benefit from movie tie-ins like Minions, Lightyear, Trolls 3, and Top Gun in the coming months. The company is also receiving a major brand boost from hype related to the Barbie movie, poised to be a ‘cultural event.’
  • Looking ahead, Mattel will benefit from a multi-year licensing agreement for Disney Princess and Disney Frozen franchises which will begin in 2023. Hasbro (HAS) currently holds these licensing agreements.
Snapchat (SNAP)
  • Snapchat (SNAP) stock has declined by more than -80% from the highs seen in September 2021.
  • A series of disappointing earnings reports, bearish headwinds, and unfavorable market conditions have all combined to push SNAP shares lower.
  • On its most recent quarterly release, Snapchat missed Wall St. expectations for both profit and sales. This was the company’s first EPS miss in 6 quarters.
  • However, consumer demand for the hybrid social media/messaging platform is showing signs of stabilizing, up +9% YoY on a 90-day moving average.
  • Snapchat reports results for the second quarter of 2022 (ended 6/30) this Thursday after the bell.
  • Over the past year, the stock has shown exceptional volatility around earnings, with double-digit moves resulting from 3 of the last 4 reports. Keep this in mind if you decide to take a position ahead of this week’s report!
DataDog (DDOG)
  • Datadog is a leader in the cloud software space, offering a variety of tools that allow companies to monitor cloud application performance and security.
  • DDOG’s underlying Mentions have maintained an impressive rate of growth in 2022, trending +48% YoY in the current quarter (ending 9/30).
  • Robust consumer Mention growth mirrors this cloud software providers’ consistently strong earnings performance.
  • Since going public in September of 2019, Datadog (DDOG) has never missed Wall St. estimates for EPS or revenue.
  • On its most recent earnings release, Datadog reported revenues up +83% YoY, surprising market expectations by more than 8%. Bottom-line results were equally impressive, with EPS up +300% YoY and more than +100% above analysts’ estimates.
  • Considering Datadog’s prominent position within a growing market, palpable consumer adoption, and history of success, DDOG shares look like a promising long-term bullish position.
Tesla (TSLA)
  • Electric Vehicle Demand is at a new all-time high level in 2022, up +217% YoY on a 90-day moving average.
  • Although competition is starting to ramp up within the industry, Tesla (TSLA) still has a dominant position, boasting more than 85% of combined PI volume compared to up-and-coming and traditional peers.
  • Furthermore, TSLA Purchase Intent Mentions are on the rise: +33% QoQ and +42% YoY on a 90-day moving average.
  • Tesla is set to report earnings for the second quarter of 2022 (ended 6/30) this Wednesday after market close.
  • Last quarter, Tesla posted strong top and bottom-line results, handily beating Wall Street expectations — We expect to see more strength from the EV market leader this week.

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