Target (TGT) reported fiscal third-quarter earnings before the bell this Wednesday morning, and the results sent shares into a frenzy. They’re up 17% so far this morning after the retailer beat the top and bottom line consensus. For the past few quarters Target has faced a weakening environment as inflationary pressures have shoppers looking [...]
Shares of Wayfair (W) fell more than 6% in pre-market trading early this morning, but have since rebounded. The stock now sits 5% higher than yesterday’s close. This all came after the company delivered its third-quarter earnings. Wayfair reported dwindling sales as fewer and fewer customers shop with the online retailer. Total net revenue [...]
Shares of Dollar General (DG) have fallen more than 11% in the last month, but things started to turn around this Friday morning. The company reported that CEO Todd Vasos would return to the helm and shares jumped 10%. This is the biggest single-day jump since May of 2022. This came after the previous [...]
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 [...]
