AVGO: Run It Twice
The best stock recommendation I ever got was at an investors meetup in San Francisco about a decade ago. At the time I was infatuated with a stock called Ambarella (AMBA) which provided the chips for GoPro (GPRO) – which…
CRM: Excellent Quarter But The Stock Is Overextended
Salesforce (CRM) just reported an excellent 1Q23 – but maybe not enough to push the stock higher in the short term. CRM raised full year operating margin guidance to 28% from 27% and as a result they now expect EPS…
CRM Earnings Preview; How To Play An Overextended Stock
Salesforce (CRM) has been on fire since its last earnings report when it surprised the market with 27% operating margin guidance for its current fiscal year. The stock is now up ~70% from its December lows heading into its 1Q23…
NVDA’s Monster Quarter An “iPhone Moment” For AI?
A trillion dollars of installed global data center infrastructure will transition from general purpose to accelerated computing as companies race to apply generative AI into every product, service and business process – NVDA CEO Jensen Huang, Press Release May 24…
Is PANW Too Expensive?
Cybersecurity leader Palo Alto Networks (PANW) reported earnings after the close Tuesday. I’ve long followed PANW because it has “Palo Alto” in its name and cybersecurity is a secular growth story. But I’ve never bought the stock because I’ve always…
Is ZM A Value Trap?
In my opinion, the hardest thing in investing is admitting when you’re wrong. I have a tendency to hang on to my losers too long – and then they’re down so much that I figure there must be value by…
DE To Earn Nearly $10 Billion This Year
While most investors are focused on the first new 52-week high in the NASDAQ in more than a year, I’m studying John Deere’s (DE) just released earnings report. You can see in the tweet above that the previous four times…
WMT Is Crushing It
It’s been a good week for Top Gun as Home Depot (HD) reported a bad quarter on Tuesday morning and Walmart (WMT) just reported an excellent one. (Last week was a different story as PayPal (PYPL) disappointed). In “WMT Earnings…
HD Under Pressure
In “HD Earnings Preview” Monday morning I explained why I was tactically short. And it turns out that HD’s results were significantly worse than expected. Comps declined 4.5% and Net Income 8.5% compared to a year ago. Because “demand softened…
HD Earnings Preview
Leading home improvement retailer Home Depot (HD) reports earnings before the open Tuesday. The stock has been mostly sideways for more than a year and I am tactically short. That is, I’m a long term believer in the company but…