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It’s A Bull Market
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Big Down Day Kicks Off September, ZS Earnings, Jobs Report Friday, Europeanization Of America
Reading Time: 5 minutesThe stock market got smashed to open September after the long Labor Day weekend. The S&P was -2.12% and the NASDAQ -3.26%. Nvidia (NVDA) led the way, dropping almost 10% as news that the DOJ is investigating it for antitrust…
HD Earnings Reflect Slowing Housing Market
Reading Time: 1 minute4Q22 results just out from Home Depot (HD) are finally reflecting the slowdown in the housing market. Comps decreased 0.3% compared to a year ago and HD guided to flat comp growth in 2023. Customer transactions in the quarter were…
GM: Need Cash NOW
Reading Time: 3 minutesEven if GM implements the planned operating actions that are substantially within its control, GM’s estimated liquidity during the remainder of 2008 will approach the minimum amount necessary to operate its business. Looking into the first two quarters of 2009,…
Business Week: Hedge Funds Keep Watch On Washington
Reading Time: 1 minuteInteresting Business Week piece on hedge funds increasing interest in government policy: “Hedge Funds Keep Watch On Washington”, September 22. Obviously, as Washington plays a bigger and bigger role in the economy, investors need to understand the impact of government…
MCD For The Long Term
Reading Time: 2 minutesI believe that the middle class is thinning out and more and more this country is being divided into haves and have nots – and the have nots love eating at McDonald’s (MCD). This was borne out in MCD’s 1Q23…
