The first two big name stocks to report 3Q23 earnings were Tesla (TSLA) and Netflix (NFLX) on Wednesday afternoon. TSLA’s numbers looked weak to me with revenue growth of just 9% and Adjusted EBITDA margin of 16% compared to 23%…
It has been a terrible two years for Walgreens (WBA) with shares losing 60% from their peak. And I have been wrong on the stock for a year and a half now (“Time To Buy WBA”, April 2, 2022, Top…
Pepsi (PEP) and consumer staples stocks more generally have been destroyed over the last month. But PEP earnings out early this morning suggest that the carnage may be overdone. The numbers looked solid across the board including 9% organic revenue…
Consider this blog to be Part II of my weekly preview for the week of Oct2-6 (Part I). I personally love eggs and weed and have small positions in leading egg producer Cal Maine Foods (CALM) and marijuana producer Tilray…
September was a tough month for stocks with the S&P down 4.87% and the NASDAQ 5.81%. In fact, the S&P is currently sitting only 2% above its 200 DMA. The 200 DMA is the most important indicator in technical analysis….
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…
$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…
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…
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…
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…