I took a well deserved break last week and took my family out to Florida. Did not trade as frequently as I should have but still saw the market make a quick recovery. I am not an expert on calling the Market Top or Bottom. But from what I have researched so far. The recession is indeed coming but there is going to be a Blowoff Top before that happens and considering that we are in election year. I think they will try to hold the market.
Coming back to our new postion :
If you have known me and followed me for the past few years you know that I like to buy in companies that I use in my day to day lifes. I invested in NVDA because I was using their GPU to Mine ethereum. same with AMD, My friend got a TSLA car and he let me drove out and I immediately bought TSLA stocks.
Same thing with FCX ( TSLA, APPLE and many others need it) , TSM , CLX , GEHC Etc.
Today I want to take about a company that makes Shoes.
As Muslim investors, it’s essential to ensure that our financial decisions align with our values and principles. In the world of halal investments, finding companies that meet our criteria can be a challenge. However, with careful research and analysis, we can uncover hidden gems that not only align with our beliefs but also offer promising returns. In this article, we’ll delve into the story of a remarkable company that has caught our attention and explore why it could be an attractive addition to your investment portfolio.
The Company: A Leader in Sustainable Solutions
Our featured company is a pioneer in the field of sustainable solutions, focusing on reducing waste and promoting eco-friendly practices. With a strong commitment to environmental stewardship, this organization has developed innovative products and services that are revolutionizing the way we live and work. Their dedication to creating a greener future resonates deeply with the values of Muslim investors, who prioritize the well-being of the planet and its inhabitants.
A Business Model Built on Strength
The company’s business model is built on a foundation of strength, with a diverse range of revenue streams and a proven track record of success. They have established strategic partnerships with major industry players, ensuring a steady flow of income and opportunities for growth. Their financials are impressive, with consistent profitability and a solid balance sheet. This stability is a key factor in making them an attractive investment opportunity.
What They Do
The company specializes in the design, development, and distribution of high-quality athletic footwear and apparel. Their products are designed to provide exceptional performance, comfort, and style, making them a popular choice among athletes and fitness enthusiasts. With a strong brand presence and a growing customer base, they are well-positioned to capitalize on the increasing demand for sustainable and high-performance athletic wear.
Financial Performance
In their recent quarterly earnings report, the company demonstrated impressive growth, beating both earnings and revenue estimates. They reported earnings per share (EPS) of $0.38, surpassing the Zacks Consensus Estimate of $0.16 per share. This represents an earnings surprise of 137.50%. Additionally, their revenue for the quarter reached $581.41 million, exceeding the consensus estimate of $555.52 million. This achievement is led by exceptionally strong demand and momentum in their product categories.
Revenue and EPS Performance
- In the first quarter of 2024, the company’s revenue grew by 20.9% year-over-year and by 29.2% on a constant currency basis, reaching a record CHF 508.2 million.
- Their annual revenue for 2023 was $1.996 billion, a 55.88% increase from 2022.
- The company’s EPS for the twelve months ending March 31, 2024, was $0.47, a 397.89% increase year-over-year.
Why This Company Stands Out
Several factors make this company an attractive investment for Muslim investors. Firstly, their commitment to sustainability aligns perfectly with the principles of halal investing. By supporting environmentally conscious businesses, we are not only contributing to a cleaner planet but also ensuring that our investments are ethically sound. Additionally, the company’s diversified revenue streams and strong financials provide a level of security that is essential for long-term growth.
A Promising Future Ahead
As the world continues to shift towards more sustainable practices, this company is well-positioned to capitalize on the growing demand for eco-friendly solutions. With a strong management team at the helm, they are poised to continue their upward trajectory, making them an excellent choice for investors looking for a stable and promising return on their investment.
The Verdict: A Halal Investment Opportunity
So, what is this company that has captured our attention? After careful consideration and analysis, we are excited to reveal that the stock we’ve been discussing is none other than Onon. Onon’s commitment to sustainability, strong financials, and promising future make it an excellent addition to any halal investment portfolio. As Muslim investors, we can confidently invest in Onon, knowing that our values and principles are aligned with the company’s mission and practices.
Remember, it’s essential to conduct your own research and consult with financial experts before making any investment decisions. However, for those looking for a halal investment opportunity that aligns with their values, Onon is certainly worth exploring further.
Earnings report :
They reported this morning and their EPS was a miss , And their revenue was also a miss. But Stock is still riding the wave. I would wait for CPI tomorrow to enter new positions on this.
What does Tip Rank say ?
The potential is to reach 55 dollars.
Please note : Wait for the Stock to come to 39 area to enter. I already bought them a few days ago and I am up. My entry was around 38.
Technical Analysis :
It is already putting a Nice Hammer on the Daily as of 12:30 central time Dallas. As I said I would wait to get these stocks around 38-39.
