Traders Market Weekly: Inflation and Bear Market Rallies

Viewing 9 posts - 46 through 54 (of 54 total)
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  • #41422
    TradersCom
    Keymaster

    Aside from energy, the worst performing sector was consumer staples (-0.8%), which was weighed down by Walmart (WMT 125.57, -4.93, -3.8%) and Clorox (CLX 137.76, -6.81, -4.7%). The latter disappointed with quarterly results while the former is reportedly cutting approximately 200 corporate positions in a restructuring effort.

    Another factor limiting index performance was the lack of influence from mega cap stocks, which have been an important driver recently. Apple (AAPL 165.81, -0.32, -0.2%) was a notable laggard, closing with a modest loss.

    #41423
    TradersCom
    Keymaster

    Dow Jones Industrial Average: -9.9% YTD
    S&P 400: -12.4% YTD
    S&P 500: -12.9% YTD
    Russell 2000: -15.1% YTD
    Nasdaq Composite: -18.7% YTD

    #41424
    TradersCom
    Keymaster

    After-Hours Spotlight:

    AMC Entertainment (AMC) beats by $0.03, misses on revs… AMC down 7.2%
    Amgen (AMGN) beats by $0.32, beats on revs; guides FY22 EPS in-line, revs in-line… AMGN down 0.8%
    Atlassian (TEAM) beats by $0.01, beats on revs; guides Q1 EPS above consensus, revs above consensus; announced that Joe Binz will join the company as its new Chief Financial Officer… TEAM up 9.8%
    Beyond Meat (BYND) misses by $0.39, misses on revs; lowers FY22 revs below consensus; to cut ~4% of workforce… BYND down 1.0%
    Carvana (CVNA) misses by $0.37, misses on revs; continues to expect a return to >$4,000 total GPU and significant positive EBITDA in FY 2023… CVNA up 16.2%
    Cloudflare (NET) beats by $0.01, beats on revs; guides Q3 EPS in-line, revs above consensus; reaffirms FY22 EPS guidance, guides FY22 revs above consensus… NET up 21.5%
    DoorDash (DASH) misses by $0.32, beats on revs… DASH up 15.3%
    Doximity (DOCS) beats by $0.03, beats on revs; guides Q2 revs below consensus; guides FY23 revs below consensus… DOCS down 16.9%
    Expedia Group (EXPE) beats by $0.40, beats on revs… EXPE up 5.7%
    Live Nation (LYV) beats by $0.14, beats on revs… LYV up 3.1%
    Lyft (LYFT) beats by $0.17, reports revs in-line, adjusted EBITDA of $79.1 mln, easily exceeding its guidance of $10-$20 mln; guides for Q3 revenue of $1.040-$1.060 bln vs. $1.12 bln consensus estimate, guides for Q3 adjusted EBITDA of $55-$65 mln… LYFT up 8.6%
    Paylocity (PCTY) beats by $0.27, beats on revs; guides Q1 revs above consensus; guides FY22 revs above consensus… PCTY up 8.9%
    Twilio (TWLO) beats by $0.09, beats on revs; guides Q3 EPS below consensus, revs below consensus… TWLO down 9.8%
    Virgin Galactic (SPCE) misses by $0.07, beats on revs; plans commercial service to launch in Q2 2023… SPCE down 8.9%
    Yelp (YELP) beats by $0.12, beats on revs; guides FY22 revs above consensus… YELP up 14.4%
    Zillow (ZG) beats by $0.13, beats on revs; guides Q3 revs and EBITDA below consensus… ZG down 8.1%

    #41425
    TradersCom
    Keymaster

    Earnings/Guidance from today (pre after hours)

    1Life Healthcare (ONEM) misses by $0.07, misses on revs; per previous announcement Amazon (AMZN) is expected to acquire the company for $18/share
    Adidas AG (ADDYY) reports H1 results; revs rise 5% yr/yr; lowers outlook
    ADTRAN (ADTN) beats by $0.06, reports revs in-line
    ADTRAN (ADTN) issues Q3 rev guidance including ADVA business contributions
    Albemarle (ALB) beats by $0.20, reports revs in-line; raises FY22 guidance
    Alkami Technology (ALKT) misses by $0.14, beats on revs; guides Q3 revs in-line; raises FY22 revs above consensus
    Allegiant Travel (ALGT) misses by $0.38, reports revs in-line
    Allison Transmission (ALSN) reports Q2 results, misses on revs, narrows FY22 guidance
    Allstate (ALL) beats by $0.39, reports revs in-line
    Altice USA (ATUS) misses by $0.10, reports revs in-line
    Amdocs (DOX) reports EPS in-line, revs in-line; guides SepQ EPS in-line, revs in-line
    Amplitude (AMPL) beats by $0.04, beats on revs; guides Q3 EPS above consensus, revs above consensus; guides FY22 EPS above consensus, revs above consensus
    ANSYS (ANSS) beats by $0.16, beats on revs; guides Q3 EPS in-line, revs in-line; guides FY22 EPS in-line, revs in-line
    Arrow Electronics (b) beats by $0.13, reports revs in-line; guides Q3 EPS in-line, revs in-line
    AssetMark (AMK) beats by $0.03, beats on revs
    Atlas Air Worldwide (AAWW) misses by $0.04, beats on revs; entered into definitive agreement to be acquired by an investor group led by funds managed by affiliates of Apollo Global Management
    Atmos Energy (ATO) beats by $0.06, beats on revs; guides FY22 EPS in-line
    AvidXchange (AVDX) beats by $0.06, beats on revs; raises FY22 revenue guidance above consensus
    AZEK (AZEK) misses by $0.08, beats on revs; guides Q4 EPS below consensus, revs below consensus
    B2Gold (BTG) misses by $0.02, reports revs in-line
    Ball Corp (BALL) misses by $0.08, beats on revs
    Bayer AG (BAYRY) reports Q2 results; raises outlook
    Becton Dickinson (BDX) beats by $0.16, beats on revs; raises FY22 guidance
    Benchmark Electronics (BHE) beats by $0.09, beats on revs; guides Q3 EPS above consensus, revs above consensus
    Booking Holdings (BKNG) beats by $1.41, misses on revs; expects record Q3 revenue
    BrightView (BV) misses by $0.06, beats on revs; guides Q4 revs in-line; raises FY22 revs above consensus
    Buckle (BKE) reports July comparable store sales +1.8%; prelim Q2 (Jul) revs of $302 mln vs. $304.33 mln two analyst estimate
    Central Garden (CENT) beats by $0.12, beats on revs; guides FY22 EPS below consensus
    Ceridian HCM (CDAY) beats by $0.11, beats on revs; guides Q3 revs above consensus; guides FY22 revs mostly above consensus
    Change Healthcare (CHNG) misses by $0.01, reports revs in-line; not providing guidance due to proposed transaction with OptumInsight
    ChipMOS TECHNOLOGIES (IMOS) beats by NT$0.14, misses on revs
    Chord Energy (CHRD) misses by $0.62, beats on revs
    Cigna (CI) beats by $0.73, beats on revs; guides FY22 EPS above consensus, revs in-line
    Civitas Resources (CIVI) beats by $0.65, beats on revs
    Clorox (CLX) reports EPS in-line, misses on revs; guides FY23 EPS below consensus, revs below consensus
    Coeur Mining (CDE) misses by $0.04, beats on revs
    Compass Diversified (CODI) misses by $0.21, beats on revs
    Confluent (CFLT) beats by $0.03, beats on revs; guides Q3 EPS in-line, revs above consensus; guides FY22 EPS above consensus, revs above consensus
    Costco (COST) reports July adj comparable sales +7.0% (excluding gas), total comps +10.0%; net sales +10.8% yr/yr to $16.85 bln
    Covetrus (CVET) reports Q2 results, reports revs in-line
    Crocs (CROX) beats by $0.55, beats on revs; guides Q3 revs below consensus; lowers FY22 EPS below consensus; sees FY22 revs in line
    Cross Country (CCRN) beats by $0.05, beats on revs; guides Q3 EPS in-line, revs above consensus
    Curtiss-Wright (CW) beats by $0.14, beats on revs; raises FY22 guidance
    Delek US Holdings (DK) beats by $1.16, beats on revs
    Denbury (DEN) reports EPS in-line, beats on revs; Board authorizes $100 mln increase in share repurchase program
    Diamondrock Hospitality (DRH) beats by $0.07, beats on revs
    Digi Intl (DGII) beats by $0.08, beats on revs; guides Q4 EPS above consensus, revs in-line
    DigitalBridge (DBRG) misses by $0.01, beats on revs; announces 1:4 reverse split
    DoubleVerify (DV) misses by $0.03, beats on revs
    Duke Energy (DUK) beats by $0.06, beats on revs; reaffirms FY22 EPS guidance; Announces a strategic review of the Commercial Renewables business
    Dun & Bradstreet (DNB) reports EPS in-line, revs in-line; guides FY22 EPS in-line, revs in-line
    eBay (EBAY) beats by $0.10, beats on revs; guides Q3 EPS in-line, revs mostly above consensus; guides FY22 EPS mostly above consensus, reaffirms FY22 revs guidance
    e.l.f. Beauty (ELF) beats by $0.15, beats on revs; raises FY23 guidance
    Eli Lilly (LLY) misses by $0.46, misses on revs; lowers FY22 EPS below consensus, reaffirms FY22 revs guidance
    Enovis Corporation (ENOV) beats by $0.09, misses on revs; guides FY22 EPS in-line
    Envista (NVST) beats by $0.02, reports revs in-line
    EPAM Systems (EPAM) beats by $0.67, beats on revs; guides Q3 EPS above consensus, revs above consensus
    Fastly (FSLY) misses by $0.06, reports revs in-line; guides Q3 EPS below consensus, revs above consensus; guides FY22 EPS below consensus, revs above consensus; names Cisco exec as new CEO
    Fisker (FSR) beats by $0.04, provides business update
    Fiverr (FVRR) beats by $0.03, misses on revs; guides Q3 revs below consensus; guides FY22 revs below consensus
    FleetCor (FLT) beats by $0.28, beats on revs; guides Q3 EPS above consensus, revs above consensus; guides FY22 EPS above consensus, revs above consensus
    Focus Financial (FOCS) misses by $0.11, beats on revs
    Fortinet (FTNT) beats by $0.02, reports revs in-line; guides Q3 EPS in-line, revs in-line; guides FY22 EPS above consensus, reaffirms FY22 revs guidance
    Frontdoor (FTDR) misses by $0.03, beats on revs; guides FY22 revs below consensus
    Glaukos (GKOS) misses by $0.39, beats on revs; raises FY22 revs above consensus
    GoDaddy (GDDY) beats by $0.07, reports revs in-line; guides Q3 revs below consensus
    Hillenbrand (HI) beats by $0.05, beats on revs; guides FY22 EPS in-line, revs in-line
    Hostess Brands (TWNK) beats by $0.01, beats on revs; guides FY22 EPS in-line, revs above consensus
    Host Hotels (HST) beats by $0.09, beats on revs
    Hub Group (HUBG) beats by $0.47, beats on revs; raises FY22 guidance
    IAMGOLD (IAG) misses by $0.02, beats on revs
    ICF International (ICFI) reports EPS in-line, misses on revs; increases FY22 EPS, revs guidance
    Inari (NARI) beats by $0.04, beats on revs; guides FY22 revs in-line
    Ingersoll-Rand (IR) beats by $0.02, beats on revs; reaffirms FY22 revs guidance
    ING Groep (ING) reports Q2 results
    Insight Enterprises (NSIT) beats by $0.69, beats on revs; guides FY22 EPS above consensus
    Insmed (INSM) beats by $0.10, beats on revs
    Intercontinental Exchange (ICE) beats by $0.05, reports revs in-line
    InterDigital (IDCC) reports Q2 (Jun) results, beats on revs
    Jazz Pharma (JAZZ) beats by $0.11, beats on revs; reaffirms FY22 revs guidance
    Itron (ITRI) misses by $0.16, misses on revs; guides FY22 EPS below consensus, revs below consensus due to supply constraints and manufacturing inefficiencies
    JFrog (FROG) beats by $0.01, beats on revs; guides Q3 EPS in-line, revs in-line; reaffirms FY22 EPS guidance, guides FY22 revs above consensus
    Kellogg (K) beats by $0.13, beats on revs; guides FY22 EPS above consensus; raises FY22 organic sales growth to +7-8%
    Koppers Holdings (KOP) misses by $0.18, reports revs in-line; guides FY22 EPS in-line, revs above consensus
    Kulicke & Soffa (KLIC) beats by $0.50, beats on revs; guides Q4 EPS below consensus, revs below consensus
    Laredo Petroleum (LPI) beats by $0.21, misses on revs, provides 2022 outlook
    Life Storage (LSI) beats by $0.12, beats on revs; raises FY22 FFO and same store revenue guidance
    Lordstown Motors (RIDE) reports Q2 (Jun) results, ending cash balance of $236 mln above internal expectations
    Marathon Oil (MRO) beats by $0.04, beats on revs
    McKesson (MCK) beats by $0.53, beats on revs; raises FY23 EPS above consensus
    MetLife (MET) beats by $0.55, Adjusted premiums, fees and other revenues up 24%
    MFA Financial (MFA) misses by $0.02, misses on revs
    MGIC Investment (MTG) beats by $0.31, reports revs in-line
    MGM Resorts (MGM) misses by $0.30, beats on revs
    MGP Ingredients (MGPI) beats by $0.21, beats on revs; guides FY22 EPS in-line, revs above consensus
    ModivCare (MODV) beats by $0.48, beats on revs; raises FY22 revs above consensus
    Murphy Oil (MUR) beats by $0.39, beats on revs; raises production guidance
    NetScout Systems (NTCT) beats by $0.02, beats on revs; reaffirms FY23 EPS guidance, revs guidance
    Nevro (NVRO) beats by $0.08, reports revs in-line; guides Q3 revs below consensus; guides FY22 revs below consensus
    New Fortress Energy (NFE) beats by $0.32, beats on revs
    Nikola Corporation (NKLA)beats by $0.14, beats on revs
    Nikola Corporation (NKLA) sees Q3 revs below consensus in slide presentation
    Northern Oil & Gas (NOG) beats by $0.06, beats on revs
    Northwest Natural (NWN) beats by $0.09, beats on revs; guides FY22 EPS in-line
    Nova Measuring (NVMI) beats by $0.05, beats on revs; guides Q3 EPS in-line, revs mostly above consensus
    Nutrien (NTR) beats by $0.15, misses on revs; lowers FY22 EPS in-line
    NuVasive (NUVA) misses by $0.09, beats on revs; reaffirms FY22 EPS guidance, revs guidance
    OGE Energy (OGE) misses by $0.08, beats on revs; reaffirms FY22 EPS guidance
    Ormat Tech (ORA) beats by $0.02, beats on revs
    OUTFRONT Media (OUT) beats by $0.02, reports revs in-line
    Owl Rock Capital (ORCC) beats by $0.01, beats on revs
    Palomar Holdings (PLMR) beats by $0.06, misses on revs
    Parker-Hannifin (PH) beats by $0.46, beats on revs; guides FY23 EPS in-line
    Pediatrix Medical Group (MD) reports EPS in-line, misses on revs
    Perficient (PRFT) reports EPS in-line, misses on revs; guides Q3 EPS in-line, revs below consensus; guides FY22 EPS in-line, revs below consensus
    Physicians Realty Trust (DOC) reports FFO in-line, beats on revs
    PNM Resources (PNM) beats by $0.04, beats on revs; reaffirms FY23 EPS guidance
    Portillo’s (PTLO) beats by $0.06, reports revs in-line
    Prestige Consumer (PBH) beats by $0.05, beats on revs; reaffirms FY23 EPS guidance, revs guidance
    Qorvo (QRVO) beats by $0.13, reports revs in-line; guides SepQ EPS in-line, revs in-line
    Rapid7 (RPD) beats by $0.03, beats on revs; guides Q3 EPS below consensus; guides FY22 EPS in-line
    Rayonier (RYN) reports EPS in-line, beats on revs; guides FY22 EPS below consensus
    RBC Bearings (ROLL) beats by $0.25, misses on revs; guides Q2 revs below consensus
    Realty Income (O) misses by $0.02, beats on revs; guides FY22 FFO in-line
    REGENXBIO (RGNX) misses by $0.14, beats on revs
    Rent-A-Center (RCII) beats by $0.16, beats on revs; guides Q3 EPS in-line, revs below consensus; guides FY22 EPS in-line, revs below consensus
    Restaurant Brands Int’l (QSR) beats by $0.09, beats on revs; declares dividend
    Revolve Group (RVLV) misses by $0.09, reports revs in-line
    Royal Gold (RGLD) beats by $0.17, misses on revs
    Shake Shack (SHAK) beats by $0.02, misses on revs; comps +10.1% vs low-to-mid teens prior guidance; guides Q3 revs below consensus
    South Jersey Industries (SJI) beats by $0.02, beats on revs
    Spire (SR) misses by $0.01, beats on revs; reaffirms FY22 EPS guidance
    Sprouts Farmers Market (SFM) beats by $0.06, beats on revs; guides Q3 EPS in-line; guides FY22 EPS above consensus, revs above consensus
    Stoneridge (SRI) misses by $0.07, beats on revs; guides FY22 EPS in-line, revs in-line
    Sturm Ruger (RGR) misses by $0.33, misses on revs
    Summit Materials (SUM) beats by $0.07, reports revs in-line; reiterates adjusted EBITDA guidance for 2022
    Sunrun (RUN) beats by $0.01, beats on revs
    Tandem Diabetes Care (TNDM) misses by $0.26, misses on revs; lowers FY22 revs below consensus
    Teekay Tankers (TNK) beats by $0.12, beats on revs
    Tenneco (TEN) beats by $0.41, beats on revs; reiterates intent to complete transaction with Apollo Funds in 2H22
    Tetra Tech (TTEK) beats by $0.03, beats on revs; guides Q4 (Sep) EPS in-line, revs in-line
    Toyota Motor (TM) misses by JPY0.13; beats on revs; sees FY23 EPS and revs below consensus
    Trupanion (TRUP) misses by $0.11, beats on revs
    UGI Corp (UGI) misses by $0.06, beats on revs; lowers FY22 guidance
    Unisys (UIS) beats by $0.16, beats on revs; guides FY22 revs below consensus
    Uniti Group (UNIT) beats by $0.05, beats on revs; guides FY22 FFO above consensus, revs in-line
    Upland Software (UPLD) beats by $0.11, reports revs in-line; guides Q3 revs in-line; guides FY22 revs in-line
    Udemy (UDMY) beats by $0.06, beats on revs; guides Q3 revs in-line; guides FY22 revs in-line
    Valvoline (VVV) misses by $0.01, beats on revs; guides FY22 EPS in-line, revs mostly above consensus
    Vontier (VNT) beats by $0.02, beats on revs; guides Q3 EPS below consensus; guides FY22 EPS in-line
    Warrior Met Coal (HCC) beats by $0.63, beats on revs
    Wayfair (W) misses by $0.06, beats on revs
    Werner Enterprises (WERN) misses by $0.16, beats on revs
    Western Midstream (WES) misses by $0.03, beats on revs
    Western Union (WU) beats by $0.10, reports revs in-line; reaffirms FY22 EPS guidance, guides FY22 revs in-line
    WestRock (WRK) beats by $0.06, reports revs in-line
    WeWork (WE) reports Q2 (Jun) results, misses on revs; reaffirms FY22 revs guidance
    WillScot Mobile Mini (WSC) beats by $0.04, beats on revs; guides FY22 revs above consensus; replenished share repurchase authorization to $1.0 bln as of July 21
    Xencor (XNCR) misses by $0.10, misses on revs
    Yellow Corporation (YELL) beats by $0.70, beats on revs
    YETI Holdings (YETI) misses by $0.05, reports revs in-line; lowers FY22 EPS below consensus, revs below consensus
    Zeta Global (ZETA) reports Q2 (Jun) results, beats on revs; guides Q3 revs above consensus; guides FY22 revs above consensus; authorizes $50 mln stock repurchase program

    #41426
    TradersCom
    Keymaster

    Upgrades:
    America Movil SA (AMX) upgraded to Buy from Neutral and placed on 90-day Positive Catalyst Watch at Citigroup; tgt $23
    Southern (SO) upgraded to Buy from Neutral at UBS; tgt raised to $87

    Downgrades:
    Boston Properties (BXP) downgraded to Neutral from Outperform at SMBC Nikko; tgt $93
    Charles River (CRL) downgraded to Equal-Weight from Overweight at Morgan Stanley; tgt lowered to $250
    Duluth Trading Co (DLTH) downgraded to Neutral from Outperform at Robert W. Baird; tgt lowered to $11
    HSBC Holdings (HSBC) downgraded to Neutral from Buy at Goldman
    Kohl’s (KSS) downgraded to Market Perform from Outperform at Cowen; tgt lowered to $35
    Levi Strauss (LEVI) downgraded to Equal-Weight from Overweight at Morgan Stanley; tgt $19
    Medifast (MED) downgraded to Hold from Buy at Jefferies; tgt lowered to $150
    Skillz (SKLZ) downgraded to Hold from Buy at Canaccord Genuity; tgt lowered to $1.50
    Trupanion (TRUP) downgraded to Neutral from Overweight at Piper Sandler; tgt lowered to $69
    Under Armour (UAA) downgraded to Neutral from Outperform at Robert W. Baird; tgt lowered to $10
    Warrior Met Coal (HCC) downgraded to Market Perform from Outperform at BMO Capital Markets; tgt lowered to $37

    #41436

    +528,000 JOBS added in the “mother of all reports”
    Still the “MISERY INDEX” is high among many on MAIN STREET
    and the FED will surely be aggressive on RATES — as DOW FUTURES fall

    #41439

    FRIDAY – Aug 5 @8pm ET on H&I TV channel is “Trouble with Tribbles” which is FAV of me & better half … we like every series (8-12pm) as we can get over the air each night

    https://www.handitv.com/schedule/

    #41447

    Dow 32,803.47 76.65 0.23%
    S&P 500 4,145.19 -6.75 -0.16%
    Nasdaq 12,657.55 -63.03 -0.50%
    GlobalDow 3,625.67 2.45 0.07%
    Gold 1,790.40 -16.50 -0.91%
    Oil 88.39 -0.15 -0.17%

    #41152

    August 8 – 14, 2022 FEAR NOT Brave Investors Where have we been and where are we going? Join our weekly market thread on Traders Community… Image: Chi
    [See the full post at: Traders Market Weekly: Inflation and Bear Market Rallies]

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