Single digit growth territory is generally where Silicon Valley software companies go to die – or, at least, start paying dividends – Dan Gallagher, “Salesforce Keeps Growth Dreams Alive Enough” [SUBSCRIPTION REQUIRED], WSJ Fri 12/1 Salesforce (CRM) stock has had…
Cloud cybersecurity firm Zscaler (ZS) just reported an excellent quarter – and the stock is -7% in the after hours. Revenue was +40% to $497 million and EPS of 67 cents was +131%. ZS also raised full year guidance to…
Everybody knows that December is one of the best months of the year from a seasonality perspective. And with the Federal Reserve on pause, the consensus for a year end rally is almost universal. The S&P is only 40 points…
I probably sound like a broken record but it’s a tale of two markets: Big Tech and all the rest. Nvidia (NVDA) reported a monster quarter Tuesday after the close and will be the focus of Wednesday’s session. Revenue of…
We’re in a mini Goldilocks scenario. The soft landing is playing out – Alessio de Longis, Senior Portfolio Manager, Invesco There’s too much reliance on a soft landing at this point. We need to be a little bit cautious –…
The better than expected October CPI last Tuesday morning has ended the Fed’s rate hiking campaign. As you can see in the Fed Futures Probabilities charts above, the market is placing no chance of anything other than a pause at…
In my weekly preview, I wrote about my “Long WMT/Short HD” position and I continue to like that trade despite the action in the stocks post earnings. HD bounced after reporting earnings Tuesday mornings but only because the stock was…
Cisco (CSCO) and Palo Alto Networks (PANW) both reported earnings after the close and got hit in the after hours for weak guidance. CSCO lowered full year revenue guidance from $57.0-$58.2 billion to $53.8-$55.0 billion – about a 5.6% decrease…
On Tuesday morning, the October CPI came in below expectations (0.0% headline, 0.2% core) leading to an explosive move higher in stocks and bonds. The rationale is that with inflation now apparently under control, the Fed no longer has any…
Two stocks that may represent deep value report earnings Wednesday morning: Advanced Auto Parts (AAP) and Target (TGT). AAP was decimated six months ago when it drastically cut full year earnings guidance. A quarter ago, AAP brought in a new…