Salesforce (CRM) reported 3Q22 earnings for the quarter ended October 31 this afternoon and their results support my contention that corporate earnings are rolling over and we will have a recession next year. A reliable 20+ percent top line grower…
I just wrote about cybersecurity firm CrowdStrike (CRWD) which reports earnings after the close today as a test of early stage tech growth. Perhaps an even purer text is data analytics firm Snowflake (SNOW) which reports Wednesday afternoon. Last year…
Popular cybersecurity firm CrowdStrike (CRWD) is set to report 3Q22 earnings after the close Tuesday. CRWD is the epitome of an expensive, early stage growth company that has been hammered this year and I’m curious to see if they’re feeling…
I’ve long been a Kroger (KR) fan and shareholder and see no reason to stop now. In fact with inflation and weak economic growth squeezing consumers I believe that this is KR’s sweet spot. That’s because KR – the nation’s…
Hewlett Packard (HPQ) reported earnings Wednesday afternoon and I want to analyze them because I think they might be representative of what’s to come next year. Revenue was -11% year over year and laptop revenue – their biggest segment –…
Farm equipment maker John Deere (DE) reported stellar earnings this morning and the stock is currently +5% in the premarket which would put it right around all time highs if it holds in the cash session. The earnings were superb….
Best Buy (BBY) reported a better than expected quarter this morning and the stock is currently +7% in the premarket. Note that I said “better than expected” not good. BBY comps were -10.4% – better than the “slightly more than…
Just a day after blowout earnings from Walmart (WMT), Target (TGT) laid an egg with its own 3Q22 earnings report this morning. While WMT raised its full year comparable sales guidance TGT cited a “meaningful softening” of business in the…
Six months ago investors panic sold Walmart (WMT) and Target (TGT) and today they will panic buy them. That’s because WMT just reported a stellar 3Q22 with US comps excluding fuel +8.2% even on a tough comp of +9.2% a…
Ride hailing company Lyft (LYFT) reported 3Q22 earnings after the close Monday and shares are getting dinged to the tune of 13% in the after hours at the moment. But I can’t figure out why. Active Riders came in at…