Nibbling On NKE
I’ve worn Nike sneakers my whole life and I love them. Maybe it’s the branding, maybe it’s the quality, or maybe it’s both. Regardless, I know that I’m not alone in being a huge fan of Nike. Which presents an…
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MU: No Fundamental Improvement
$75 billion chip maker Micron (MU) reported earnings for the quarter ended August 31, 2023 after the close Wednesday. Results show no signs of a fundamental recovery in MU’s business. Revenue of $4.010 billion was -40% compared to a year…
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UNFI & COST Earnings: Disaster & Solid As Usual
Yesterday morning I previewed United Natural Foods (UNFI) and Costco (COST) earnings. As I said I would, I bought a small position in UNFI heading into earnings this morning – and that proved to be a mistake. The quarter marked…
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Earnings Preview: UNFI & COST
This week a number of stocks I follow report earnings: United Foods (UNFI), Costco (COST), Micron (MU), Carmax (KMX) and Nike (NKE). In this blog, I’ll preview the first two. UNFI is not an especially well known stock but it…
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Yields Break Out, The Olive Tree Barometer
In the wake of the Fed’s “hawkish pause” Wednesday, in which they paused their interest rate hiking campaign but said they may still hike one more time this year and increased their forecast for the Fed Funds rate at the…
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Can The Fed Engineer A Soft Landing? AZO Earnings
While the Fed is almost certain to pause its interest rate hiking campaign tomorrow, the question now is whether it can engineer a soft landing. On the front page of today’s WSJ, Nick Timiraos surveyed the risks (“Why A Soft…
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Preview Week of Sep18-22: Fed Decision, AZO GIS FDX KBH DRI Earnings
The focus next week will be on the Fed Decision on Wednesday at 2pm EST. However – despite the August CPI coming in slightly hotter than expected this Wednesday – the Fed is widely expected to pause. Whether they are…
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Fade ADBE Into Earnings
Adobe (ADBE) is a great company and a key player in the digital economy. That said, I think the stock has gotten too hot and should be faded into earnings Thursday afternoon. ADBE stock has doubled in the last year…
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LEN Earnings Preview
One stock reporting earnings that I did not cover in the weekly preview is homebuilder Lennar (LEN). With a $34 billion market cap, LEN is one of the larger publicly traded homebuilders, along with DR Horton (DHI). As interest rates…
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ORCL: Overextended
As I suspected in Saturday’s weekly preview blog, Oracle (ORCL) got a little too hot heading into its just released earnings report. A general rule of thumb is that a stock more than 30% above its 200 DMA is extremely…
