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…
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…
I have owned Walmart (WMT) for a couple years now. Everything was going smoothly until a year ago when it reported a bad quarter and the stock got smashed. (You can clearly see the selloff in the chart above). What…
Any way you slice it, inflation is clearly coming down and seemingly under control. Wednesday’s April CPI Report was just the latest data point to confirm that. And that means that the Fed’s hiking cycle is likely over. Fed Futures…
I can’t think of a more hated large cap stock than PayPal (PYPL) – which reports 1Q23 earnings after the close Monday. While PYPL was extremely overvalued in 2021, I believe it is extremely undervalued today. In its 4Q22 earnings…
It must be noted that your Chairman – always a quick study – required only 20 years to recognize how important it was to buy good businesses. In the interim, I searched for “bargains” – and had the misfortune to…
Apple (AAPL) has been such a great stock for so long that it’s hard to realize that it is past its prime. This was confirmed in their earnings report after the close Thursday. Revenue was -2.5% and Net Income -3.4%….
On Wednesday, The Fed raised the fed funds rate to a range of 5.00%-5.25% – the highest level since 2007. Importantly, they removed a line from their statement saying that “the committee anticipates that some additional firming may be appropriate”…
Generac (GNRC) – the leading maker of standby backup power generators – is one of my favorite stocks and largest positions. The stock has been decimated in the last couple of years as sales growth and profitability have rolled over….
Starbucks (SBUX) has been on a tear for the last year heading into earnings this afternoon. My concern is that at more than 30x current year EPS guidance shares are priced for perfection. Last quarter, SBUX guided FY23 global comps…