Darden Restaurants (DRI) reported earnings this week that beat on both revenue and profits. But the owner of such popular chains as Olive Garden, LongHorn Steakhouse and Capital Grille was beset by higher food, beverage and labor costs even as customers are more comfortable eating out again. Analysts weighed in with a plateful of target […]
Channel This
June 20th, 2022
Roku (ROKU) is a stock many believe is in play as a takeover candidate. Netflix and Disney are potential suitors, among others. Whatever the rumor or sentiment, the stock has been flat for the past seven weeks, which is saying something. In fact, since April 27, ROKU is down 2.7% while QQQ has fallen more […]
On Target Trade
November 22nd, 2021
Target (TGT) reported earnings before the bell on Wednesday that beat estimates on both revenue and profits. The company also expects its fiscal Q4 comparable sales growth to be higher than previous forecasts. Moreover, TGT claimed the supply chain mess has not been an issue – store shelves are full and ready for the holiday […]
An AFRMation Trade
November 15th, 2021
Affirm Holdings (AFRM) provides a platform for point-of-sale payments for consumers and merchants. In August, AFRM announced a partnership with Amazon.com (AMZN) to offer flexible payment solutions to customers with AMZN purchases above $50. AFRM reported earnings on Wednesday after the bell that missed on profits but beat on revenue. The company also raised sales […]
A Me(h)T Trade
November 10th, 2021
MetLife (MET) won’t get anyone’s juices flowing. It’s frankly a rather boring insurance and financial services company that’s been around for 158 years. But who cares … if we can make money on a trade, right? MET reported earnings last week that beat estimates on the top and bottom lines. Hardly anyone noticed. Analysts were […]
An Intuitive Trade
October 25th, 2021
Intuitive Surgical (ISRG) – the maker of the da Vinci robotic surgical system – reported earnings on Tuesday that showed a solid increase from a year earlier and beat estimates, though not by much. The company shipped 72% more da Vinci units compared to a year earlier. Also, the company tightened – but did not […]
No Progress Here
October 17th, 2021
Amid the giddiness over solid earnings from the big banks, you may have missed the lousy earnings report from insurance giant Progressive (PGR) on Thursday morning. Earnings plunged 90% from a year ago and fell 10% shy of estimates. Revenue came up a billion dollars short of expectations. The company also swung to a loss […]
Not Cloudy for Oracle
October 11th, 2021
Cloud infrastructure and software provider Oracle (ORCL) has been weathering the market’s recent storm better than most. While the broader market has struggled since the start of September – the S&P 500 is down 3% – ORCL has thrived, gaining 6%. In fact, the stock closed at a record high on Friday. That move pushed […]
A Salesforce to be Reckoned With
September 20th, 2021
As its ticker symbol implies, Salesforce.com (CRM) provides cloud solutions for customer relationship management needs. CRM reported earnings in late August that blew away expectations on both the top and bottom lines. The report was met by the usual round of target price increases that reached as high as $340 (CRM closed at $260 on […]
Going Once, Going Twice … Sold on CPRT
September 13th, 2021
Going Once, Going Twice … Sold on CPRT Copart (CPRT) provides online auction and vehicle remarketing services in the U.S. and several other countries. On Wednesday, the company reported Q4 earnings that easily beat on the top and bottom lines. Used car prices are soaring and CPRT is positioned perfectly to leverage the market. Analysts […]
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