Coupa Software (COUP) – a $6 billion cloud software spend management platform based in San Mateo, CA – reported 1Q22 earnings Monday afternoon. Everything looked good to me: Revenue was +18% year over year to $196 million while EPS was…
Sentimentrader had a fascinating chart out today showing that the number of articles mentioning “bear market rally” is double the number during the March 2020 COVID Crash. I’m noticing that even bulls think this is only a bear market rally….
When a quality stock is down 50% in six months, it doesn’t need to report a great quarter for the stock to bounce and that’s exactly what we’re seeing this afternoon with Salesforce (CRM). The quarter has some nuance to…
The market has reached extreme oversold conditions from which powerful rallies almost always arise. Two weeks ago, Jason Goepfert pointed out that there had only been 18 similar days since 1984 in which more than 29% of stocks on the…
In Wednesday morning’s blog, “Pay Attention To The Fed Minutes”, I wondered if Powell would blink or continue to hammer away at the necessity to tackle inflation. As far as I can tell, he stuck to his guns on the…
I think we all know by now that it’s all about The Fed. Ever since Powell pivoted hawkish on April 21 it’s been straight down for risk assets. Which brings me to the release of today’s Fed Minutes at 2pm…
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…
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…