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…
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…
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…
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…
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…
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…
As we wind down the week, it’s time to start preparing for the next one. The calendar will again be light with the key events being the August CPI Report on Wednesday morning, Apple’s (AAPL) Wonderlust event on Tuesday morning…
Personal favorite and the nation’s leading grocer Kroger (KR) just reported 2Q23 earnings. The top line appears to have come in a little light with comps of only +1.0% (+2.6% excluding the termination of their relationship with Express Scripts). I…
Three companies I follow reported earnings Thursday afternoon: Docusign (DOCU), Restoration Hardware (RH) and Smith & Wesson (SWBI). DOCU was a pandemic darling as everybody used their esignature platform during social distancing. However, the stock has lost 5/6ths of its…