CSCO: Next Up To Be Shot
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…
TGT: Off Target
Apparently Walmart (WMT) isn’t the only retailer being hit hard by inflation. Target (TGT) reported earnings Wednesday before the close and its quarter was similarly ruined by inflation and supply chain issues. Operating Margin declined to 5.3% from 9.8% a…
WMT’s Bad Quarter, We Already Know J-Pow
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…
WMT > HD
The two largest companies reporting earnings this week are Home Depot (HD) and Walmart (WMT) and they both report Tuesday morning. In this blog, I want to compare the two stocks and make the case that WMT > HD in…
DIS Is A Buy
Disney (DIS) – a stock that I have successfully shorted this year – reported 1Q22 earnings Wednesday afternoon and now looks like a buy to me. Overall revenue was +30% year over year led by Parks & Experiences which is…
COIN: Crypto’s Moment Of Truth Is Approaching
Leading crypto broker Coinbase (COIN) reported 1Q22 earnings after the close Tuesday and its report suggests that crypto’s moment of truth is approaching. With Bitcoin being halved in the last six months, interest in crypto and resultant crypto trading volumes…
PTON: Exercise Bikes Are Not Revolutionary
Peloton (PTON) – one of the hottest stocks during the pandemic – clearly benefitted from everybody being locked down as revenues are now rolling over year over. In the 1Q22, revenue was -24% year over year and PTON guided 2Q22…
UPST: What Does The Company Do?
One of the funnier moments on CNBC happened six months ago when legendary trader Mark Minervini recommended artificial intelligence lending platform Upstart (UPST). When asked what the company does either the connection broke down or Minervini froze. Minervini said it…
Buy The Dip In PLTR
NASDAQ Futures are currently -2.5%, the 10 year treasury yield is at 3.2% and the dollar is surging. However I would like to break some news: the world is not ending. In fact, I believe the pain trade is now…
SHOP Is Due For A Bounce
Ecommerce platform provider Shopify (SHOP) reported a bad quarter Thursday before the open. Revenue growth decelerated to 22% as the economy reopens and consumers shift more of their spend to brick and mortar from online. SHOP said it expects this…