Semiconductor manufacturer Micron (MU) reported 3Q22 earnings for the quarter ended August 31 after the close Thursday. On August 9 they warned that revenue in the current quarter would come in at or below previous guidance of $7.2 billion and…
Leading used car retailer CarMax (KMX) reported 3Q22 earnings for the period ended August 31 Thursday morning. Used vehicle sales units declined 6.4% year over year to 216,939 after consumers couldn’t get their hands on enough cars during the pandemic….
Federal Express (FDX) preannounced disastrous earnings last Thursday afternoon and filled in the specifics yesterday when it reported the actual numbers. As you can see in the chart above FDX was apparently doing just fine – including a nice bump…
You don’t see this too often nowadays but food manufacturer General Mills (GIS) – which reported 3Q22 earnings this morning – is now trading at 52 week highs. To put that in context, yesterday only 13 stocks on the NYSE…
Autozone (AZO) is one of the few stocks in the market that has not broken down. That’s because its business – selling auto parts to consumers and repair shops – may be recession proof. You might not buy that new…
Global volumes declined as macroeconomic trends significantly worsened later in the quarter, both internationally and in the US – Raj Subramaniam, CEO Federal Express (FDX) Federal Express (FDX) – an economic bellwether – issued a warning Thursday afternoon after the…
Oracle (ORCL) is one of those stocks – like Cisco (CSCO) – that was all the rage 25 years ago but mostly forgotten about today. My contention however is that that is in the process of changing as ORCL stealthily…
I own a lot of defensive stocks in our portfolios currently – Walmart (WMT), Procter & Gamble (PG), Campbell Soup (CPB) – but my biggest position in this group is the country’s leading grocer Kroger (KR). Why? Because KR is…
Docusign (DOCU) – the #1 e-signature solutions provider – reports 2Q22 earnings after the close Thursday. It’s no wonder that the stock is trading at 52 week lows after gapping down after each of its last three quarterly earnings reports….
In recent blogs I have been arguing that the tightening the Fed has already done is starting to choke off growth. But it’s important to be open minded and not ignore data points that go counter to your thesis. Earnings…