S2 E35: $Asan IPO Breakout, What To Buy In A Red Market, And The Week Ahead

13m · Compounding Lifestyle · 21 Jun 13:00

NYSE: ASAN jumped Friday after the company raised its revenue guidance for the fiscal year while reporting a narrower quarterly loss. For the 1st Qt. ended Apr. 30, it had over 100,000 paying customers with revenue from customers spending $5,000 or more growing 82% yr-over-yr. Asana, Inc. (NYSE: ASAN), a leading work management platform for teams, announced a suite of features to eliminate distributed work distractions and help employees find their focus. The new offerings enable people to reduce meetings with Video Messaging, prioritize their work with intelligent My Tasks, create time for focus with Clockwise’s smart calendar assistant, and quiet notifications with the $Asan desktop app. Rev. rose 61%, to $76.7 mill. in the 1st Qt., surpassing the Street’s expectation of $70.14 mill. For the second quarter, Asana expects revenue of $81 mill to $83 mill. For the 4th yr. in a row, Asana has been named to Inc. Magazine’s annual list of the Best Workplaces for 2021. Asana has more than 93,000 paying organizations and millions of free organizations across 190 countries. Global customers such as Accenture, Estee Lauder, Japan Airlines, Sky, and Viessmann rely on Asana to manage everything from company objectives to digital transformation to product launches and marketing campaigns. Stock futures are mostly flat after Dow’s worst week since October. Futures on the Dow Jones shed 8 points or 0.02%. S&P 500 futures dipped 0.08%. Meanwhile, Nasdaq 100 futures edged 0.02% higher. Sectors tied to the economic recovery led to last week’s dip. The S&P 500 financials and materials sectors lost more than 6% on the week, while energy fell more than 5% and industrials dropped more than 3%. The Fed policy shift confirms we are moving toward the middle of the economic cycle from the early stage where growth is the norm which benefits more speculative stocks. This means it’s time to favor quality in the stock market. Companies with characteristics like better profit margins, strong balance sheets, good free cash flow, and higher returns on equity. Asana ASAN, Stick with reopening plays, like the casino company Penn National Gaming $PENN. Penn National Gaming has solid exposure to online gaming through its ownership of Barstool Sports. Uber $UBER, the ride-hailing software company. It has the advantage of size over competitor Lyft $LYFT. New management has cut back on more speculative investment projects like flying taxis. Sysco $SYY because it supplies food and equipment to restaurants. He also cites Bed Bath & Beyond $BBBY in retail, a turnaround led by Anu Gupta who brings experience from Target $TGT. The home-goods chain is improving the business by reducing the number of products on offer, cutting back on coupons, and introducing store brands. The casino company Caesars Entertainment $CZR in part because it, too, has exposure to online gaming through its recent acquisition of William Hill. He also owns the bank First Hawaiian $FHB which should benefit from a lift to the Hawaiian economy as tourists come back. $ARKX $ASAN $CZR $BBBY$XOM $TSLA $AAL $BNGO $MARA $O $CRWD $FB $AAPL $FCEL $MGM $GOOGL $SYY $SHOP $MTCH $DIS $PDD $ $TWTR $AMZN $EBET $PLTR $TGT $ENZC $GM $ABNB $UBER $PTON $PENN $DDD $U BTC Eth, XLM Control the Cash balance today and position yourself accordingly. Let's GO!!!!! Research Links: www.Finviz.com www.Nasdaq.com Learn more about options: https://tinyurl.com/Compounding-Lifestyle Music-Footprints-Playglenthomas Voice Mail link, show us some love, call in to ask questions: https://anchor.fm/compounding-lifestyle/message (copy/paste the URL) Robinhood link: https://join.robinhood.com/arristw DISCLAIMER: These Podcasts are for educational purposes only. Nothing in this podcast should be construed as financial advice or a recommendation to buy or sell any sort of security or investment. Consult with a professional financial advisor before making any financial decisions. Do your research and due diligence. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/compounding-lifestyle/message Support this podcast: https://anchor.fm/compounding-lifestyle/support

The episode S2 E35: $Asan IPO Breakout, What To Buy In A Red Market, And The Week Ahead from the podcast Compounding Lifestyle has a duration of 13:35. It was first published 21 Jun 13:00. The cover art and the content belong to their respective owners.

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