Reply To: Traders Market Weekly: Embrace the Chaos in 2023


FedEx (FDX 171.21, +6.86, +4.2%): beats by $0.36, misses on revs; guides FY23 EPS below consensus, reduces capital spending outlook by $400 mln; expects to generate FY23 cost savings of approx. $3.7 bln
NIKE (NKE 114.83, +11.62, +11.3%): beats by $0.20, beats on revs, gross margin down 300 bps, which is better than its prior guidance of down 350-400 bps; North America up 30%, Greater China down 3%; guides FY23 revs to grow low teens in cc, up from low double-digits
Starbucks (SBUX 96.79, -1.21, -1.2%): downgraded to Hold from Buy at Jefferies
Workday (WDAY 169.73, -2.36, -1.4%): announces appointment of Carl Eschenbach to co-CEO, effective immediately; Chano Fernandez has stepped down as co-CEO and as a member of the board of directors
Tesla (TSLA 139.55, +1.75, +1.3%): CEO Elon Musk says “I will resign as CEO (of Twitter) as soon as I find someone foolish enough to take the job! After that, I will just run the software & servers teams”; aiming to implement a hiring freeze and announce layoffs, according to Electrek
Pebblebrook Hotel Trust (PEB 14.10, -0.33, -2.3%): lowers Q4 guidance due to the impact from Hurricane Nicole and due to weaker business and leisure demand during second half of November
Six Flags (SIX 22.41, +1.49, +7.1%): 3% shareholder Land & Buildings issues presentation highlighting opportunity to unlock substantial real estate value