Reply To: Traders Market Weekly: Valuation Matters in Earnings Season

#40124
Truman
Participant

Capital One (COF 104.70, -2.47, -2.3%): Capital One was downgraded to Perform from Outperform at Oppenheimer and downgraded to Equal-Weight from Overweight at Morgan Stanley
Expeditors International of Washington (EXPD 96.17, -1.16, -1.2%): Expeditors Intl was downgraded to Underperform from Peer Perform at Wolfe Research
American Express (AXP 136.97, -3.61, -2.6%): American Express was downgraded to Equal-Weight from Overweight at Morgan Stanley
C.H. Robinson Worldwide (CHRW 96.40, -1.50, -1.5%): C.H. Robinson was downgraded to Peer Perform from Outperform at Wolfe Research
PepsiCo (PEP 172.14, +1.67, +1.0%): PepsiCo beats by $0.12, beats on revs; reaffirms FY22 EPS guidance; raises FY22 organic revs guidance
The Gap (GPS 8.26, -0.50, -5.7%): Gap was downgraded to Equal Weight from Overweight at Wells Fargo and CEO will step down; names new CEO for Old Navy unit; reaffirms Q2 rev outlook but expects increased promotional activity
PriceSmart (PSMT 69.60, -2.93, -4.0%): PriceSmart reports Q3 (May) results, beats on revs