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 [...]
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 [...]
Early this morning Target (TGT) reported second-quarter earnings that beat expectations while revenue fell just short of analyst estimates. But, the key takeaway from the call was that the company was reevaluating its full-year guidance, walking back its previous forecast. In fact, the company is expecting sales to decline by mid-single digits for the [...]
Michael Burry - founder and manager of Scion Capital - has recently stacked his portfolio with seven new positions in companies he believes are primed to continue growing despite uncertain economic conditions. We’ve already discussed two of his positions - COHR and BKI - but today, we’re taking a look at a 3rd company [...]
It’s been a rough year for the largest e-commerce company in the world, Amazon. Share prices today have fallen to record lows over the past three years, down to just $82/share. As the company sits over 50% lower today than it did this time last year, things are changing structurally for Amazon. The company [...]
The discount retailer Five Below (FIVE) opened Thursday morning with a nice jump after the company issues a positive earnings report with an even better outlook. So far this morning, the stock is up 15% - but should you follow the trend and buy now, or have you missed your window? You’ll find a [...]
Tuesday morning Burlington Coat Factory (BURL) issued its 3rd quarter earnings report. Results for the quarter that ended October 29, 2022, were lackluster, to say the least - with a decrease in total sales, gross margin, and other key categories. And yet, shares of BURL were trading 20% higher as of 6:30 AM this [...]
After reporting Q3 earnings that exceeded expectations, Macy’s (M) stock climbed over 11% as of 11 AM EST Thursday morning. If you’re evaluating the stock and considering whether there’s an opportunity for trading here, we’ve got two things you need to see first. Before we unveil our findings, let’s look at what happened in [...]
One of the world’s most popular toy and game makers is taking a serious hit during Monday trading - following up on last week’s volatility. So far this morning the stock has dropped 8% lower than it opened. This comes as one analyst at Bank of America performed a deep dive into the company’s [...]
The world’s largest hydroponic provider (GRWG) got a nice bump today after a 3rd quarter earnings report that featured overperformance in multiple categories. The company - GrowGeneration, commonly referred to as just GrowGen - has 58 different locations across 15 different states. It’s up 38% so far - but what exactly happened to cause [...]
