October 8, 2022 Pharmaceutical giant AbbVie (ABBV) reported mixed results in its recent earnings report. While earnings beat the consensus estimate, revenue fell short. Notably, the company’s immunology portfolio, which includes popular TV-ad drugs such as Humira, fell short of expectations. ABBV’s CEO cited the usual (and seemingly generic) “economic headwinds” as hurting the company’s […]
Go With VLO
October 31st, 2022
October 31, 2022 Go With VLO Oil refiner Valero Energy (VLO) reported earnings this week that either missed or beat both profit and revenue estimates, depending on the source. I won’t quibble with who’s right or wrong. What’s important is that revenue and profits soared above the figures from a year ago. Moreover, VLO’s CEO […]
Schwab Tested
October 24th, 2022
October 24, 2022 Schwab (SCHW) reported earnings on Monday before the open that set records for both earnings per share and revenue. Both numbers exceeded the consensus analyst estimates. SCHW attributed the great quarter to its “diversified financial model and a significant benefit from higher rates.” Analysts didn’t appear moved by the record numbers, though. […]
On The Rocks
October 18th, 2022
October 18, 2022 BlackRock (BLK) is the world’s largest asset manager with more than $10 trillion in assets under management (AUM) heading into 2022. But that has changed dramatically, as evidenced by Thursday’s release of BLK’s latest earnings report that showed AUM tumbling 16% in the third quarter. The Ukraine war, high inflation, rising interest […]
Test
October 12th, 2022
October 1, 2022 Saturday Report Dear Member, The 10K Strategy finally came through this week! The Composite had its best week in 7 months, gaining 7%. The Composite is now up for the year. All portfolios advanced, including Honey Badger’s 10.9% gain. Boomer’s Revenge hit its high of the year. Enjoy the report. Happy Trading. […]
Underspiced
October 10th, 2022
Spice maker McCormick (MKC) reported earnings this week that had no sizzle. Revenue and earnings both missed expectations by more than a little. The CEO said that “supply chain challenges continued, and recovery of certain constrained materials has taken longer than expected.” I’m not sure what that specifically means, but it doesn’t sound good. The […]
Chip Dip
October 3rd, 2022
Micron Technology (MU) reported earnings on Thursday after the close, and the results were less than encouraging. Revenue was down 21% from a year ago, while earnings came in nearly a dollar less per share (though EPS did beat expectations). Profit and revenue projections for the next quarter came in well below analyst estimates. “Rapidly […]
Housing Poor
September 26th, 2022
Housing Poor Homebuilding stocks got a boost early in the week after a prominent housing analyst upgraded the entire sector, including a rare “double upgrade” for Lennar (LEN) from underweight to overweight. The rationale was that housing tends to outperform coming out of a bear market and that “early pain = early gain.” Now, he […]
Pumped Up
September 20th, 2022
Pumped Up Much is made of gas prices declining for so many weeks in a row (I think we’re at 13 and counting). And that’s great for drivers. But what about the oil companies. Don’t they suffer when pump prices decline? Apparently not. Gas prices peaked in mid-June and have dropped about 25% since then. […]
Warp Speed for This Lithium Producer
September 12th, 2022
September 12, 2022 Warp Speed for This Lithium Producer Sociedad Quimica y Minera de Chile (SQM) producers highly sought after commodities, most notably lithium and potassium fertilizers. Though it missed on earnings in its August earnings report, it easily beat on sales. A couple of analysts raised their price target after the news, though the […]
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