Ep. 385: Pulling Earnings Forward

How Much Future Earnings Have We Pulled Forward? Companies have pulled forward a significant amount of future earnings. The question is: “How much”? Back 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. The 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. For more about TEK2day visit TEK2day.com Apple Podcasts: https://podcasts.apple.com/us/podcast/tek2day-podcast/id1270002408 Spotify: https://open.spotify.com/show/3IybCrJs9ZPZTFPYlDg78b Anonymously rate your company and CEO at CEORater.com Twitter: @CEORater https://twitter.com/ceorater Instagram: @CEORaterOfficial https://www.instagram.com/ceoraterofficial/ LinkedIn: www.linkedin.com/company/ceorater About Our Sponsor: SS&C Technologies (www.ssctech.com) is a global, market-leading provider of cloud-based investment accounting software, services and fund administration. SS&C’s AI-powered investment operations and accounting platform – Singularity – 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 – SS&C’s intelligent middle and back-office outsourcing service. For more information about SS&C Singularity visit: www.ssctech.com/singularity LinkedIn: www.linkedin.com/company/ss-c-technologies/ Twitter: @SSCTechnologies https://twitter.com/SSCTechnologies