Perhaps the key technical argument about the market has to do with the breadth of the rally. Bears argue that the market is thin – being led by only a few mega cap stocks. Bulls argue that many more stocks…
Target (TGT) reported solid earnings this morning. Full year 2023 EPS came in at $8.94 versus $6.02 in 2022 and TGT guided 2024 to $8.60-$9.60. Comps came in at -3.7% for 2023 but the company guided 2024 to 0% to…
Today the stock market officially became a bubble. There’s been a lot of talk lately about if the stock market is in a bubble. The consensus seems to be that there’s some froth but it’s not a bubble. Most of…
Costco (COST) is an all time great stock and one of my personal favorite businesses because of the tremendous value it provides to consumers. COST is relentless in its quest to provide consumers with low prices. One measure of COST’s…
Jon Sindreu wrote a very interesting article for the WSJ’s Heard On The Street section this morning (“Don’t Call AI Craze A Bubble” [SUBSCRIPTION REQUIRED]). Sindreu wants to make a distinction between the current market – in which blue chip…
They say a bird in the hand is worth more than one in the bush but Wall Street is often focused on the one in the bush. I’m talking about forward guidance. Snowflake (SNOW) and Salesforce (CRM) both reported 4Q23…
Self storage is a great business. Americans buy too much stuff and need somewhere to store it. Plus, moving things is a hassle so most people end up keeping their storage units for a long time. I know this from…
I’ve had my eye on Zoom (ZM) for a couple years now as a deep value play and it’s finally getting a little love this afternoon after its 4Q23 earnings report. ZM has nearly $7 billion in cash and marketable…
Nvidia (NVDA) just released one of the most anticipated earnings reports I can remember. As expected, the numbers were excellent: Revenue: $22.1 billion; Gross Margin: 76.7%; EPS: $5.16. All of these numbers beat their own guidance as well as Wall…
Obviously the highlight of the week is Nvidia (NVDA) earnings Wednesday afternoon. As I wrote in my last blog, NVDA is guiding the Jan quarter to $20 billion in revenue and 75% gross margins. NVDA only provides quarterly guidance and…