Next up are the February Jobs report to be released this morning (Friday) at 8:30am EST and the February CPI next Tuesday morning at 8:30am EST. These are the two big economic reports that economists – including those at the…
Target (TGT) reported solid earnings this morning. Full year 2023 EPS came in at $8.94 versus $6.02 in 2022 and TGT guided 2024 to $8.60-$9.60. Comps came in at -3.7% for 2023 but the company guided 2024 to 0% to…
Today the stock market officially became a bubble. There’s been a lot of talk lately about if the stock market is in a bubble. The consensus seems to be that there’s some froth but it’s not a bubble. Most of…
Jon Sindreu wrote a very interesting article for the WSJ’s Heard On The Street section this morning (“Don’t Call AI Craze A Bubble” [SUBSCRIPTION REQUIRED]). Sindreu wants to make a distinction between the current market – in which blue chip…
They say a bird in the hand is worth more than one in the bush but Wall Street is often focused on the one in the bush. I’m talking about forward guidance. Snowflake (SNOW) and Salesforce (CRM) both reported 4Q23…
Nvidia (NVDA) just released one of the most anticipated earnings reports I can remember. As expected, the numbers were excellent: Revenue: $22.1 billion; Gross Margin: 76.7%; EPS: $5.16. All of these numbers beat their own guidance as well as Wall…
Obviously the highlight of the week is Nvidia (NVDA) earnings Wednesday afternoon. As I wrote in my last blog, NVDA is guiding the Jan quarter to $20 billion in revenue and 75% gross margins. NVDA only provides quarterly guidance and…
S&P 5000. I can’t say I expected that 15 years ago when the market was crashing and the S&P fell below 700. It’s been an incredible run since then – led by the Big 5, now the Magnificent 7 (Tesla…
Lyft (LYFT) reported earnings after the close Tuesday and a typo in its report briefly sent shares soaring more than 60% before coming back to earth. It’s literally the funniest thing I’ve seen in my almost 20 year career in…
I can’t decide which stock is worse: Snapchat (SNAP) or Lyft (LYFT). SNAP is making a strong case this morning after reporting 4Q23 earnings Tuesday afternoon. The stock is currently -30% in the premarket and on pace for its 7th…