One of the things that I like to do to gain insight into the broader economy is to look at the results of economically sensitive companies. When consumers are flush, they spend more money on discretionary items like travel. So…
With the NASDAQ having lost ~30% of its value from its November 2021 peak I suspect that many investors think the bottom is near. However everything I’m seeing suggests to me that it’s not. Wednesday’s announcement from Salesforce (CRM) that…
Conagra Foods (CAG) – maker of frozen foods like Marie Calendar’s and Healthy Choice – is one of the most boring stocks in the market. But they just reported monster numbers for their quarter ended November 27, 2022. What does…
At the end of 2021 I said that inflation would be the theme of 2022. In 2023 everybody will be saying the R word: recession. While inflation has been mostly tamed by the Fed’s aggressive rate hiking, the market hasn’t…
I am by no means an expert on the Japanese economy but for a decade or so some big name investors – like Hayman Capital’s Kyle Bass who made his name forecasting the 2008 crash – have been awaiting a…
While the calendar slows down dramatically heading into the last two weeks of 2022 there are a few earnings reports worth paying attention to next week: Federal Express (FDX), Nike (NKE) and Micron (MU). Let’s start with FDX which reports…
Stocks rallied Friday as The Fed Whisperer Nick Timiraos penned a column suggesting that the Fed may be close to pivoting to a less hawkish stance. Timiraos suggested that – while the Fed will raise another 75 points on November…
Leading used car retailer CarMax (KMX) reported 3Q22 earnings for the period ended August 31 Thursday morning. Used vehicle sales units declined 6.4% year over year to 216,939 after consumers couldn’t get their hands on enough cars during the pandemic….
Federal Express (FDX) preannounced disastrous earnings last Thursday afternoon and filled in the specifics yesterday when it reported the actual numbers. As you can see in the chart above FDX was apparently doing just fine – including a nice bump…
Global volumes declined as macroeconomic trends significantly worsened later in the quarter, both internationally and in the US – Raj Subramaniam, CEO Federal Express (FDX) Federal Express (FDX) – an economic bellwether – issued a warning Thursday afternoon after the…