Salesforce (CRM) reported 3Q22 earnings for the quarter ended October 31 this afternoon and their results support my contention that corporate earnings are rolling over and we will have a recession next year. A reliable 20+ percent top line grower…
Today at 1:30pm EST Fed Chair Powell will give a speech at the Brookings Institute on “The economic outlook, inflation, and the labor market”. Let me save you some time and tell you in advance what he will say: First…
NOTE: The options trade recommended in this blog is risky. You could lose all of your money. Only invest a small amount of money if you decided to take the trade. The stock and bond markets have had nice rallies…
I just wrote about cybersecurity firm CrowdStrike (CRWD) which reports earnings after the close today as a test of early stage tech growth. Perhaps an even purer text is data analytics firm Snowflake (SNOW) which reports Wednesday afternoon. Last year…
Popular cybersecurity firm CrowdStrike (CRWD) is set to report 3Q22 earnings after the close Tuesday. CRWD is the epitome of an expensive, early stage growth company that has been hammered this year and I’m curious to see if they’re feeling…
I’ve long been a Kroger (KR) fan and shareholder and see no reason to stop now. In fact with inflation and weak economic growth squeezing consumers I believe that this is KR’s sweet spot. That’s because KR – the nation’s…
Hewlett Packard (HPQ) reported earnings Wednesday afternoon and I want to analyze them because I think they might be representative of what’s to come next year. Revenue was -11% year over year and laptop revenue – their biggest segment –…
Farm equipment maker John Deere (DE) reported stellar earnings this morning and the stock is currently +5% in the premarket which would put it right around all time highs if it holds in the cash session. The earnings were superb….
Best Buy (BBY) reported a better than expected quarter this morning and the stock is currently +7% in the premarket. Note that I said “better than expected” not good. BBY comps were -10.4% – better than the “slightly more than…
As we enter the holiday season into year end there will be less data to move markets and seasonality historically plays a significant role. Next week the NYSE and NASDAQ are closed for Thanksgiving on Thursday November 24 and there…