22 09, 2023

Wayfair Gets a Bernstein Upgrade, But Does the VectorVest System Agree That It’s Time to Buy?

By |2023-12-07T19:50:29+00:00September 22nd, 2023|Categories: Feature: Stock Market Investing, Featured: News, Stocks in the News|Tags: , , , , , , , |

Wayfair (W) investors got a nice surprise Friday morning as Bernstein changed its viewpoint on the company from Underperform to Market Perform. This adjustment came from analyst Nikhil Devnani who raised the price target for W from $60/share to $65/share. Wayfair has been on a run over the long term, up nearly 48% in [...]

1 09, 2023

Lululemon Thrives While Other Brands Struggle, Delivering Solid Q2 Earnings: Time to Buy LULU?

By |2023-12-07T19:53:22+00:00September 1st, 2023|Categories: Feature: Stock Market Investing, Featured: News, Stocks in the News|Tags: , , , , , |

Lululemon (LULU) seems to be unphased by the broader economic climate, as the athleisure company delivered impressive earnings for the second quarter.  While most brands struggle with sales as consumers are becoming more stringent with discretionary spending, the company reported an 11% sales growth. This led to revenue of $2.21 billion for the quarter, [...]

29 08, 2023

Best Buy Appears to Be Struggling Despite an Earnings Beat: Time to Buy or Sell This Stock?

By |2023-12-07T19:53:35+00:00August 29th, 2023|Categories: Earnings Announcements, Feature: Stock Market Investing, Featured: News, Stocks in the News|Tags: , , , , , , , |

Best Buy (BBY) reported second-quarter earnings early this Tuesday morning that topped the analysis consensus. And yet, the key takeaway from the earnings call is that the electronics retailer is struggling beneath the surface. After the company strategically set low expectations for this quarter way back in May, the consensus remained low - setting [...]

25 08, 2023

Hibbett Outperforms Rivals & Reports Higher Profits Than Expected, Stock Climbs 21%: Time to Buy?

By |2023-12-07T19:53:38+00:00August 25th, 2023|Categories: Feature: Stock Market Investing, Featured: News, Stocks in the News|Tags: , , , , , , |

While much of the sporting retail industry takes steps backward amidst this challenging economic climate, Hibbett Sporting (HIBB) reported second-quarter earnings that outperformed not just the analyst expectations, but industry rivals too. The company reported sales of $374.9 million, which was just shy of the consensus of $376 million. This was a 4.6% decline [...]

21 12, 2022

Nike Stock Jumps 13% After Working Through Inventory Bloat – is it Time to Buy Again?

By |2023-12-07T21:06:08+00:00December 21st, 2022|Categories: Feature: Stock Market Investing, Featured: News, Stocks in the News|Tags: , , |

When we last talked about Nike back in September, the company was experiencing problems with inventory bloat. With $9.6 billion worth of inventory crowding shelves, analysts and investors alike had concerns - and this sentiment manifested itself in a lower price per share of $84. Today, however, Nike appears to have turned a corner. [...]

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