Walmart (WMT) is on a tear heading into its 3QFY25 earnings report next Tuesday morning with shares up 60% YTD. Unfortunately, a consequence of that price appreciation is that the stock has become overvalued and overextended. WMT now trades for…
I’m a long term DoorDash (DASH) bull but the stock is quite overextended heading into earnings Thursday afternoon. How to play it? All of DASH’s key metrics – Gross Order Volume (GOV), Revenue, Adjusted EBITDA – have been trending up…
September was a tough month for stocks with the S&P down 4.87% and the NASDAQ 5.81%. In fact, the S&P is currently sitting only 2% above its 200 DMA. The 200 DMA is the most important indicator in technical analysis….
Target (TGT) reported mixed earnings this morning but that may be good enough for the shares to bounce. Comps declined a more than expected 5.4% but margins firmed up resulting in better than expected EPS of $1.80. TGT also lowered…
Target (TGT) shares have been crushed over the last two years, down almost 50% from their 2021 highs. TGT is now trading for only ~16x its 2023 EPS guidance of $7.75-$8.75. If 2Q23 earnings out Wednesday morning can meet a…
There is an article on the front page of today’s WSJ Business & Finance section about how investors are buying calls in record volumes – and paying up for them (“The Bull Market Is Just Getting Started, Traders Bet” [SUBSCRIPTION…
The Fed is widely expected to do a “hawkish pause” today. What exactly does that mean? It means that while they will not raise interest rates, Powell is expected to be hawkish in his press conference. That is, he will…
The big event Monday is Oracle (ORCL) earnings after the close. The stock gapped up almost 5% at the open – and it was already at an all time high. The question is: Will ORCL report spectacular guidance like Nvidia…
The best stock recommendation I ever got was at an investors meetup in San Francisco about a decade ago. At the time I was infatuated with a stock called Ambarella (AMBA) which provided the chips for GoPro (GPRO) – which…
Salesforce (CRM) just reported an excellent 1Q23 – but maybe not enough to push the stock higher in the short term. CRM raised full year operating margin guidance to 28% from 27% and as a result they now expect EPS…