Personal favorite and the nation’s leading grocer Kroger (KR) just reported 2Q23 earnings. The top line appears to have come in a little light with comps of only +1.0% (+2.6% excluding the termination of their relationship with Express Scripts). I…
Three companies I follow reported earnings Thursday afternoon: Docusign (DOCU), Restoration Hardware (RH) and Smith & Wesson (SWBI). DOCU was a pandemic darling as everybody used their esignature platform during social distancing. However, the stock has lost 5/6ths of its…
The August Jobs Report on Friday was a “goldilocks” report by consensus. The economy added 187,000 jobs in August – according to the BLS – while prior months were revised down by 110,000. It therefore appears that the jobs market…
Perhaps the most important data point this week came from Dollar General (DG) when it reported its second straight disastrous quarter Thursday morning. For the second quarter in a row, DG lowered its full year guidance. DG is now expecting…
Best Buy (BBY) reported tepid 2Q23 earnings earlier this morning. Enterprise comps declined 6.2% on top of a 12.% decline a year ago. Operating margin was perhaps better than expected at 3.8%. The overall result was a 21% drop in…
My positioning in a couple of companies reporting earnings next week – Campbell Soup (CPB) and Best Buy (BBY) – nicely illustrates my overall positioning. I’m long CPB – which sells food i.e. necessities – and short BBY – which…
Dollar Tree (DLTR) – owner of almost 16,500 Dollar Tree and Family Dollar stores – just reported 2Q23 earnings. While the top line was strong with enterprise comps of +6.9%, DLTR’s margins are being pressured by shrink (i.e. theft) and…
In “All Eyes On NVDA” I wrote that Nvidia’s quarterly report due out Wednesday afternoon would be the first big test of the idea that this is an “iPhone moment” for Artificial Intelligence (AI). Well: NVDA passed the test, exceeding…
Advance Auto Parts (AAP) stock has cratered over the last two years – losing about 70% of its value. However, new management announced in conjunction with 2Q23 earnings this morning could be the catalyst for a turnaround. While AAP once…
Three months ago on the afternoon of Wednesday May 24, Nvidia (NVDA) gave surprisingly strong current quarter guidance in conjunction with its earnings report. The guidance for $11 billion in revenue in the current quarter blew away the consensus estimate…