Chewy (CHWY), the online pet food and supply retailer, reported impressive earnings last week that beat estimates on profits and revenue. Adding to the good news, CHWY raised its full-year 2021 revenue guidance, although it lowered Q2 guidance due to short-term supply chain issues. The stock started 2021 on a solid note, gaining more than […]
It’s Hip to Bet on Square (SQ)
June 13th, 2021
Square (SQ) is considered one of the most innovative companies in the payment processing space. That said, the stock has done what most tech stocks have done so far in 2021 … gone nowhere. In fact, the shares are up less than a percent this year. Moreover, SQ has been in a trading range between […]
Ride the Rails with IYT
June 7th, 2021
The iShares Transportation Average ETF (IYT) is a price-weighted ETF dominated by rail, trucking and freight companies. The top 10 holdings comprise 77% of the ETF, with nearly half of that coming from four railroad names – Kansas City Southern, Norfolk Southern, Union Pacific and CSX. Other familiar names in the top 10 include FedEx […]
Foot Locker (FL) is Running Higher
May 26th, 2021
Pandemic? What pandemic? FL, the ultimate in a brick-and-mortar, mall-based store, has been a monster performer this year. The stock is up a gawdy 50% and has more than doubled since last August. The company reported stellar earnings on Friday before the bell that easily topped expectations. Earnings came in at $1.93 per share compared […]
Electronic Arts (EA) Post-Earnings Slump is an Opportunity
May 17th, 2021
On Tuesday after the bell, EA stepped into the earnings confessional. Results on the top and bottom lines lagged analyst expectations, but bookings came in higher than company estimates. Moreover, EA upped its guidance for FY 2022, as user base growth achieved during the pandemic is expected to remain intact. The Street appeared confused by […]
Make a Friend out of PayPal (PYPL)
May 10th, 2021
On Wednesday, PYPL blew past earnings estimates, as profits jumped 84% from a year earlier. The EPS of $1.22 easily beat the consensus analyst estimate of $1.02. Revenue was up 29%, also beating expectations. For good measure, the company upped its guidance for 2021. The news was greeted by several target price updates. The average […]
Caterpillar (CAT) Drops After an Earnings Beat … And It’s a Bullish Sign
May 3rd, 2021
On Thursday, CAT did something it’s done for the past three quarters – it easily topped earnings estimates. The company reported $2.87 in adjusted earnings versus the projected $1.95. Sales ($11.9 billion) also soared past estimates ($10.5 billion). The numbers were well received by Wall Street, as a couple of brokerages raised their target prices.
Danaher (DHR) Earnings Bring Record High
April 26th, 2021
DHR – a medical diagnostics and research company – reported earnings Thursday morning that blew away estimates. Adjusted earnings came in at $2.52 per share compared with 81 cents a year earlier and the analyst estimate of $1.76. Revenue soared 58% from a year earlier
Cruising for Profits with Carnival (CCL)
April 19th, 2021
Few industries were hit as hard during the pandemic as cruise lines. But, after bottoming out more than a year ago, CCL has more than tripled in value. And although its latest earnings report showed the company absorbing a loss, booking volumes were 90% higher than the previous quarter.
Gaga for Google … er, Alphabet (GOOGL)
April 12th, 2021
After popping 7% following its last earnings report in early February, GOOGL traded sideways through the end of March. April has been another story, however, as the stock has gained 10% in just six trading days to hit an all-time high. Over the longer term, GOOGL has been a beast, having more than doubled off the March 2020 low. And why not, given its dominant position in the search and online advertising space.
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