Wayfair Gets a Bernstein Upgrade, But Does the VectorVest System Agree That It’s Time to Buy?
Wayfair (W) investors got a nice surprise Friday morning as Bernstein changed its viewpoint on the company from Underperform to Market Perform. This adjustment came from analyst Nikhil Devnani who raised the price target for W from $60/share to $65/share. Wayfair has been on a run over the long term, up nearly 48% in the past year. The stock [...]
KB Home Falls 4% Despite Impressive Earnings and Upbeat Forecast: Should Investors Be Worried?
Home building company KB Home (KBH) is down more than 4% in Thursday morning’s trading session despite delivering impressive fiscal third-quarter earnings and maintaining an optimistic forecast for the remainder of the year. Revenue of $1.59 billion beat the analyst consensus of $1.47 billion, but represented a drop in performance year over year - as the company posted revenue [...]
General Mills Sees Profits Slip, Revenue Climb in 1st Quarter: What’s the Key Takeaway for Investors?
General Mills (GIS) reported fiscal first-quarter earnings before the opening bell sounded this Wednesday morning. The results were a mixed bag with positives and negatives, spelling uncertainty for investors as to how to feel about the quarter. Inflation has been a challenge for many companies, General Mills included, over the past few quarters. However it appears to be leveling [...]
How to Pick a Stock to Invest in Regardless of Your Trading Strategy
Choosing the right stock can often feel like finding a needle in a haystack - whether you’re day trading vs swing trading or even investing early for retirement. The vast landscape of the stock market, filled with thousands of options, can be overwhelming, even to the seasoned investor. Yet, the reward of picking that winning stock, watching its price soar, [...]
AutoZone Earnings Thrive, But Domestic Revenue Struggles: 3 Things Investors Need to Know Now
Shares of AutoZone (AZO) fell nearly 3.5% in premarket trading but have leveled out since the market opened this morning. The auto parts retailer posted fiscal fourth-quarter earnings that exceeded analyst expectations in every way but one: domestic revenue. The company reported an earnings beat of $46.46 per share compared to the consensus of $45.17. This was also an [...]
Tesla May Not Benefit From UAW Strike, But Saudi Factory Efforts Are Promising: Time to Buy TSLA?
Despite not being the center of the labor dispute in the automotive industry, all eyes are on Tesla (TSLA) right now. The company doesn’t have a union-based workforce - so while GM, Ford, and Chrysler face challenges in light of a strike, Tesla should be able to pull ahead in the EV race. However, it doesn’t appear that the [...]
