Ep. 385: Pulling Earnings Forward

Published: Aug. 18, 2020, 5:11 p.m.

b'How Much Future Earnings Have We Pulled Forward?\\n\\nCompanies have pulled forward a significant amount of future earnings. The question is: \\u201cHow much\\u201d?\\nBack in April Microsoft (MSFT) CEO Satya Nadella said the company experienced two years of digital transformation in two months. Amazon (AMZN), Shopify (SHOP), Square (SQ), PayPal (PYPL) and other e-commerce players have undoubtedly pulled earnings forward as COVID accelerated the shift from offline to online commerce. Peloton (PTON) is benefiting from the home gym boom as fewer people are comfortable with visiting their local gym (if it remains in business) versus a year ago. Zoom Video (ZM) has benefited from remote meetings.\\n\\nThe earnings pull forward phenomenon is certainly something to consider along with a potential fiscal stimulus deal (we are in a game of political chicken at the moment), China turmoil and the specter of corporate and personal tax increases in 2021 or 2022.\\n\\nFor more about TEK2day visit TEK2day.com\\nApple Podcasts: https://podcasts.apple.com/us/podcast/tek2day-podcast/id1270002408\\nSpotify: https://open.spotify.com/show/3IybCrJs9ZPZTFPYlDg78b\\n\\nAnonymously rate your company and CEO at CEORater.com\\nTwitter: @CEORater https://twitter.com/ceorater\\nInstagram: @CEORaterOfficial https://www.instagram.com/ceoraterofficial/\\nLinkedIn: www.linkedin.com/company/ceorater\\n\\nAbout Our Sponsor:\\nSS&C Technologies (www.ssctech.com) is a global, market-leading provider of cloud-based investment accounting software, services and fund administration. SS&C\\u2019s AI-powered investment operations and accounting platform \\u2013 Singularity \\u2013 provides real-time, multi-basis accounting across a wide range of asset types with unparalleled automation and operational efficiency. Singularity is offered on a Software as a Service basis or via SmartSource \\u2013 SS&C\\u2019s intelligent middle and back-office outsourcing service.\\n\\nFor more information about SS&C Singularity visit: www.ssctech.com/singularity\\nLinkedIn: www.linkedin.com/company/ss-c-technologies/\\nTwitter: @SSCTechnologies https://twitter.com/SSCTechnologies'