Target (TGT) just reported 4Q22 earnings and they support my thesis that the company is slowly but surely righting the ship. 4Q22 comps were 0.7% and operating margin 3.7% – compared to last quarter’s guidance of down low single digits…
Zoom (ZM) just reported 4Q22 earnings – including full year 2023 guidance – and I think there is value in shares here. ZM is guiding 2023 revenue to $4.435-$4.455 billion and Non-GAAP EPS to $4.11-$4.18. They also have $5.4 billion…
In many ways Zoom (ZM) – which reports 4Q22 earnings Monday afternoon – is the ultimate bubble stock. In October 2020 – as the pandemic raged and we were all Zooming each other from lockdown – ZM shares reached almost…
Next week a number of Top Gun holdings report earnings: Kroger (KR), Target (TGT), Costco (COST) and AutoZone (AZO). Kroger (KR), Position Size: 6.27%, Market Cap: $32 Billion KR – the leading grocery chain in the country – is one…
While not quite as well known as The Big 5, semiconductor manufacturer Nvidia (NVDA) – with a $500 billion market cap – is one of the most popular and important stocks in the market – and it reports 4Q22 earnings…
4Q22 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…
One of my favorite current commercials is one by Progressive Insurance in which a new homeowner cleans his garbage cans. When asked why he says: “You can never be too safe”. To which the interlocutor replies: “With trash?” But maybe…
While I was waxing lyrical about the app economy yesterday afternoon, I did include the caveat that these companies won’t come to the forefront until the current macro clouds blow over. In addition, the app economy depends on a sound…
Imagine this: A rich entrepreneur in his vacation rental (AirBnb), running his business with Shopify’s (SHOP) online store platform and Zoom (ZM) meetings, being chauffeured around in UBERs, eating Chipotle (CMG) burritos delivered to him by Third World immigrants via…
I have to admit it: I have no clue what is going on. The market has essentially been chopping around for the last two weeks as you can see in the tweet above by Jim Bianco. From a narrative standpoint,…