I’m a big fan of used car retailer CarMax (KMX) – which reported earnings Tuesday morning. The company did a good job managing the brutal macro environment – and investors sent shares up 10% yesterday – but there’s only so…
Leading grocer Albertson’s (ACI) this morning reported a solid finish to its year ended February 25, 2023. For the full year, ID Sales increased 6.9% and ACI earned $3.37/share. The pending merger with Kroger (KR) may be hanging over the…
The stock market has been quite resilient this year but my premise is that the Fed’s rate hiking is still working its way through the economy. If correct, this will show up in earnings at some point. I already thought…
Semiconductor maker Micron (MU) reported one of the ugliest quarters I’ve ever seen on Tuesday afternoon – and the stock bounced. Revenue fell 53% in MU’s quarter ended March 2, 2023 – and they guided to -57% in the current…
On Tuesday, US lithium miner Albemarle (ALB) made a bid for Australian miner Liontown. Liontown shares jumped nearly 70% on the Australian stock exchange, igniting interest in the lithium market. Like it or not, electric vehicles (EVs) are the future….
One of my favorite smaller positions is the leading public egg producer Cal Maine Foods (CALM) – which reported earnings after the close Tuesday. The stock has been going sideways for at least six months now but the fundamentals continue…
I have no doubt that First Republic (FRC) is a superior bank. At the same time, any bank under a fractional reserve model is subject to a loss of confidence by its depositors resulting in a bank run. And an…
After Silicon Valley Bank (SIVB) failed Friday, its Northern California neighbor First Republic (FRC) was in the crosshairs Monday – dropping 62%. However: FRC is NOT SIVB. SIVB was a an aggressive bank focused on the tech startup community. FRC…
As everybody prepares for tomorrow morning’s Jobs Report, I’m focused on Silicon Valley Bank (SIVB) – a small bank that caters to early stage technology companies (the heartbeat of the Silicon Valley economy). As interest rates have risen and financial…
CPB is the perfect stock for this market and now represents a nice entry – “CPB Is The Perfect Stock For This Market”, Top Gun Financial, March 10, 2022 Top Gun has been long Campbell Soup (CPB) for a year…