As you can see in the green line in the chart above from zerohedge, 7 rate hikes are now priced in through September. That works out to two 50 point hikes and one 75 point hike and would bring the…
As I write (3:15am PST), panic has enveloped financial markets around the world. Germany, England and France are all trading down ~2% and US Index Futures are down between 2.25% and 2.75%. In other words, everybody is going to be…
We’ve had some additional time after earnings to really evaluate the overall operating environment. We have to be decisive and get out in front of this to make sure this doesn’t linger through the back half of the year –…
Coupa Software (COUP) – a $6 billion cloud software spend management platform based in San Mateo, CA – reported 1Q22 earnings Monday afternoon. Everything looked good to me: Revenue was +18% year over year to $196 million while EPS was…
JM Smuckers (SJM) – maker of such iconic brands as Smuckers, Folgers and Milk Bone (they have a Pet Food division) – reports earnings Tuesday morning and the recent selloff in consumer staples stocks present a nice entry. SJM is…
Despite our record financial performance in the first quarter, we have experienced softening demand trends which began at the time of the Russian invasion of Ukraine and have further slowed during the market disruption over the past several months –…
When a quality stock is down 50% in six months, it doesn’t need to report a great quarter for the stock to bounce and that’s exactly what we’re seeing this afternoon with Salesforce (CRM). The quarter has some nuance to…
In Tuesday morning’s WSJ, ace technology reporter Dan Gallagher wrote an article on Dell (DELL) that caught my attention (“Dell Might Be Tech’s Cheap Dark Horse” [SUBSCRIPTION REQUIRED], May 24). What struck my fancy was that DELL was trading at…
In Wednesday morning’s blog, “Pay Attention To The Fed Minutes”, I wondered if Powell would blink or continue to hammer away at the necessity to tackle inflation. As far as I can tell, he stuck to his guns on the…
For a while I’ve been looking for a spot to pick up the auto parts retailers Autozone (AZO), O’Reilly (ORLY) and Advanced Auto Parts (AAP) because I think they will perform well in stagflation. Auto parts are necessities as people…