It is my contention that stocks have been sold indiscriminately in recent weeks and now is the time to start looking for the values amidst the rubble. Toward that end, I want to take a look at a number of…
Tightening financial conditions have been putting stocks under pressure in recent weeks. However, in recent days, intermarket anaylsis suggests that this pressure may be easing in the short term. For example, the dollar, the ultimate safe haven asset, has been…
What a week! First it was Walmart (WMT) getting slaughtered on Tuesday. Wednesday it was Target’s (TGT) turn. And now Cisco (CSCO) appears to be next up for the firing squad on Thursday. CSCO’s revenue came in weak with no…
Apparently Walmart (WMT) isn’t the only retailer being hit hard by inflation. Target (TGT) reported earnings Wednesday before the close and its quarter was similarly ruined by inflation and supply chain issues. Operating Margin declined to 5.3% from 9.8% a…
Walmart (WMT) reported a surprisingly bad quarter Tuesday morning as margins were crushed by inflation and supply chain issues. The top line was fine with US comps excluding fuel +3% but Operating Margin of 3.8% was down from 5.0% a…
The two largest companies reporting earnings this week are Home Depot (HD) and Walmart (WMT) and they both report Tuesday morning. In this blog, I want to compare the two stocks and make the case that WMT > HD in…
Disney (DIS) – a stock that I have successfully shorted this year – reported 1Q22 earnings Wednesday afternoon and now looks like a buy to me. Overall revenue was +30% year over year led by Parks & Experiences which is…
Leading crypto broker Coinbase (COIN) reported 1Q22 earnings after the close Tuesday and its report suggests that crypto’s moment of truth is approaching. With Bitcoin being halved in the last six months, interest in crypto and resultant crypto trading volumes…
Peloton (PTON) – one of the hottest stocks during the pandemic – clearly benefitted from everybody being locked down as revenues are now rolling over year over. In the 1Q22, revenue was -24% year over year and PTON guided 2Q22…
One of the funnier moments on CNBC happened six months ago when legendary trader Mark Minervini recommended artificial intelligence lending platform Upstart (UPST). When asked what the company does either the connection broke down or Minervini froze. Minervini said it…