Despite its majority owner, Intel (INTC) weighing on its stock price, Mobileye (MBLY) is a hot stock today. Trading volume increased after Mobileye reported quarterly results.
In the third quarter, the company reported non-GAAP earnings per share of $0.10. Revenue dropped by 8.3% Y/Y to $486 million. Average selling prices will not change in the near term for its EyeQ product. Positives include high feature bundles, offset by negative pricing pressure in China.
In the communications software sector, Twilio (TWLO) is a hot stock. Shares closed at a 52-week high last week after the firm posted a 9.7% increase in revenue, to $1.13 billion. The stock looks like a turnaround play, much like Nutanix (NTNX). TWLO stock could double in the next four to eight quarters.
ARM Holdings (ARM) could resume its rally after a long pause. The company is suing Qualcomm (QCOM) for patent infringement. Still, ARM stock trades at a premium compared to its peers in the chip sector.
E-commerce retailer Etsy (ETSY) potentially bottomed from here. While its business model struggles, speculators may bet that the short interest of 15.27% is not sustainable. The company might benefit from strong sales during the holiday season. In Q3, Etsy reactivated 6.4 million buyers. The retention of active buyers is also above pre-pandemic levels.
