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May 8 2023, 07:00 IST/BST
Disruptive Technology
Week 17 – US Bellwether Blast: Amazon Q123 earnings
- Sectors : Disruptive Technology
- Companies : Kainos Group plc | Baltic Classifieds Group plc | musicMagpie plc | Deliveroo plc | DoorDash Inc | OnTheMarket plc | Sosandar plc | Trustpilot Group plc | Just Eat Takeaway.com | Auto Trader Group plc | Carvana Co | Cazoo Group | Purplebricks Group plc | Darktrace plc | On the Beach Group plc | Marks Electrical Group plc | AO World plc | Delivery Hero | Virgin Wines UK plc | GB Group plc | ASOS plc | Rightmove plc | boohoo group plc | Itsarm plc | Moonpig Group plc | Naked Wines plc | HelloFresh SE | Auto1 Group SE
Ratings
Ratings and price correct at time of issue
| Company | Rating | Date | Previous Rating | Date | Closing Price |
|---|---|---|---|---|---|
| AO World plc | NEUTRAL | 22/09/21 | N/A | N/A | 79.0p |
| ASOS plc | NEUTRAL | 29/09/21 | N/A | N/A | 688p |
| Auto Trader Group plc | NEUTRAL | 24/01/22 | N/A | N/A | 641p |
| Auto1 Group SE | NEUTRAL | 09/02/22 | N/A | N/A | 827c |
| Baltic Classifieds Group plc | NEUTRAL | 09/08/22 | N/A | N/A | 163.0p |
| boohoo group plc | OUTPERFORM | 22/09/21 | N/A | N/A | 46.9p |
| Carvana Co | NEUTRAL | 09/02/22 | N/A | N/A | 720c |
| Cazoo Group | NEUTRAL | 08/09/21 | N/A | N/A | 11773c |
| Darktrace plc | NEUTRAL | 11/08/22 | N/A | N/A | 300.8p |
| Deliveroo plc | OUTPERFORM | 18/01/22 | N/A | N/A | 109p |
| Delivery Hero | OUTPERFORM | 18/01/22 | N/A | N/A | 3916c |
| DoorDash Inc | NEUTRAL | 18/01/22 | N/A | N/A | 6283c |
| GB Group plc | OUTPERFORM | 11/08/22 | N/A | N/A | 318p |
| HelloFresh SE | OUTPERFORM | 09/02/22 | N/A | N/A | 2385c |
| Itsarm plc | NEUTRAL | 09/08/22 | Outperform | 22/09/21 | 0.4p |
| Just Eat Takeaway.com | OUTPERFORM | 18/01/22 | N/A | N/A | 1604c |
| Kainos Group plc | NEUTRAL | 06/09/22 | N/A | N/A | 1256p |
| Marks Electrical Group plc | OUTPERFORM | 12/01/23 | Neutral | 26/07/22 | 86.5p |
| Moonpig Group plc | NEUTRAL | 06/10/21 | N/A | N/A | 136p |
| musicMagpie plc | NEUTRAL | 29/09/21 | N/A | N/A | 25.5p |
| Naked Wines plc | NEUTRAL | 06/10/21 | N/A | N/A | 113p |
| On the Beach Group plc | OUTPERFORM | 09/02/23 | Neutral | 06/10/21 | 128p |
| OnTheMarket plc | NEUTRAL | 09/08/22 | N/A | N/A | 73.5p |
| Purplebricks Group plc | OUTPERFORM | 06/03/23 | Neutral | 24/01/22 | 5.5p |
| Rightmove plc | OUTPERFORM | 24/01/22 | N/A | N/A | 576p |
| Sosandar plc | OUTPERFORM | 26/07/22 | N/A | N/A | 25.3p |
| Trustpilot Group plc | NEUTRAL | 06/09/22 | N/A | N/A | 86.2p |
| Virgin Wines UK plc | NEUTRAL | 26/07/22 | N/A | N/A | 36.0p |
DAVY VIEW
Microsoft’s (MSFT) Q323 print highlighted higher-than-expected renewal rates and demand for AI solutions, painting a positive picture for enterprise demand over the coming months. Amazon’s (AMZN) Q123 was more downbeat – customers are still in the process of optimising, and it is unclear how long this will continue. AMZN is building customer relationships today to profit from the ongoing shift to the cloud tomorrow.
