The bulls were bordering on euphoric heading into the close Tuesday but Snapchat (SNAP) has thrown cold water on them with another disappointing quarter. As you can see in the tweet above by Benzinga, Daily Active Users (DAUs) and Revenue…
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$20 billion used car retailer CarMax (KMX) reported earnings for the quarter ended November 30 Wednesday morning. While the top line was on fire at +65% this didn’t translate to the bottom line with EPS up only 15%. Why? Similar…
Agricultural commodities (i.e. food) are increasing in price for the same reason that all commodities are: extraordinarily loose monetary policy for almost 15 years – and especially post-COVID. Obviously food is a necessity which means that as inflation squeezes consumers’…
In range bound markets, 90% of the return comes from dividends. – Vitaly Katsenelson, author of Active Value Investing: Making Money In Range Bound Markets (Wiley, 2007), on CNBC’s Closing Bell, Tuesday February 16 In last week’s Client Note,…
The Federal Reserve Board on Tuesday, with the full support of the Treasury Department, authorized the Federal Reserve Bank of New York to lend up to $85 billion to the American International Group (AIG) under section 13(3) of the Federal Reserve…