GBA Presents: RADIO SAVANT-!
- Thread starter stonedinvestor
- Start date
SNAP could easily go north of $15 on the next earnings report.
This thing has done some super consolidation between $10.40 and $11.00
The weak hands are long gone.
Get in Stoney!!!
Call Big Pete.
Anything below $11 is a steal going forward.
SNAP could be $25 this time next year as election season fires up.
You can thank me later Stoney!
This thing has done some super consolidation between $10.40 and $11.00
The weak hands are long gone.
Get in Stoney!!!
Call Big Pete.
Anything below $11 is a steal going forward.
SNAP could be $25 this time next year as election season fires up.
You can thank me later Stoney!
Stop listening to Cramer and pay attention to what I give you.I had a bit of Cramer on last night and he did his spiel on oil. And I will tell you I can probably find it but it was an exact copy of a show he did along ways back in which his great Chartist he uses on oil who knows so much completely blew the call and led us astray.
So now with no apology it's the exact same show the exact same chartist and the exact same reasons.
At Jimmy's Breakfast Club today after Jimmy makes himself throw up his eggs to keep his figure.. then he will endorse oils stocks, not all... just the good ones.
I told you on March 1st oil was gonna drop.
Stoney, you're gonna have to learn to not follow the herd and think more critically.
Anyway... you better get in SNAP.
$11.22
-------------------------------
Pure Storage---> $23.80
Safe to take a small nibble.
Target $27.50
PSTG
VZ's CoPart just keeps going and going.
Another new 52 week high.
CPRT $73.30<----
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"Van keep a eye on SI, i played each direction yesterday from $2 to $2.43 than puts $2.43 to $1.92.."
I had this post loaded at 6 AM pST, I should have posted it because it's now up 10 percent. The Shorts are losing control of SI. It's not a gummy or granny, pure danger.
I had this post loaded at 6 AM pST, I should have posted it because it's now up 10 percent. The Shorts are losing control of SI. It's not a gummy or granny, pure danger.
YUMC---> $62.16STONEY!!!!!
It's a good day to add some Yum China to the retirement account.
YUMC----> $40 (-10%)
$38.73 would be a good limit order.
VZ delivers Granny 50% in 5 months. Take note Big Pete.
Stoney this thing is back at $16.
Earnings forecast a 117% rise in revenue, but I see a lot of air down to $12.
You might wanna get out before tomorrow.
Sell it and buy SNAP.
STONEY!!!
I've been doing the chart-work and I'm gonna make another bold call...
With or without Tic-Toc... SNAP is on the upswing.
Granny says buy and hold.
SNAP---> $11.23
Vz the hedgies have been buying SNAP for the Tic Toc reason. I find it very hard to believe that Tic Toc will be banned. It is a China Trojan horse that has been delivered to the children stuffed with candy.
I even noticed on Fox TV they invited a guy in to give a different take that this is Gov over- reach and a bridge to something else.. taking China spying out of the picture.
I don't understand why we cannot force the co to go through US Gov filters which could protect return info on location and key strokes etc. There is a way.
SNAP itself I don't really hear people talking about it anymore.
Almost back to break even on FL.....
Sports Apparel Stocks Are Racing Ahead of Other Retailers. Here’s Why.
March 23, 2023 2:00 am ET
Barron's Newsletters
The Barron's Daily
Demand for athletic wear is still strong, fueled by postpandemic lifestyle changes.
With consumers starting to pull back in response to concerns about the economy, many retailers are drawing from their defensive playbooks. Sports retailers, however, are still going on the offensive.
Athletics apparel companies have posted strong quarters across the board, boosted by continued demand for athletics apparel.
On Tuesday, Nike (ticker: NKE) and On Holdings (ONON) posted earnings and revenue that beat expectations and raised their guidance for the rest of the fiscal year. This follows blowout quarters from Dick’s Sporting Goods (DKS) and Academy Sports & Outdoors (ASO) earlier in March.
Even Foot Locker (FL), which has struggled in recent years, did better than expected in its latest quarter. And while the company’s short-term forecast dragged the stock lower this week, analysts are optimistic that Foot Locker ‘s recently announced rebrand plan will help drive sales and long-term growth.
“We see FL benefiting from the general strength in the athletic footwear and apparel space,” wrote Jefferies analyst Corey Tarlowe in a research note.
Shares of these major athletics retailers reflect ongoing demand, outperforming both the broader market and other retail stocks. Foot Locker stock has risen 4.6% this year. On Holdings stock has surged 61%, Academy Sports 22%, Dick’s 19%, and Nike 3.2%. Meanwhile, the S&P 500 has gained 2.5% and the SPDR S&P Retail (XRT) exchange-traded fund is up just 1.2%.
The strength of athletic apparel retailers—especially their upbeat guidance—provides a contrast to the cautious tone struck by other retailers, including Walmart (WMT), Home Depot (HD), and Target (TGT).
Postpandemic preferences are playing a big role in supporting these companies’ growth.
“Consumers really have gravitated toward a more casual lifestyle,” said Cristina Fernández, analyst at Telsey Advisory Group.
This is especially true among some of the higher-end brands. Nike, On, and Dick’s are all what Fernández calls “share gainers” within the category, meaning they will continue to grab market share from competitors.
Indeed, among higher-income consumers, time spent on exercise-related activities—such as going on walks or working out—increased from 2019 to 2021, according to a March survey from Stifel’s Think Tank Group. That has translated to higher demand for activewear. Over the course of 2022, consumers were more likely to consider purchasing activewear, shoes, and outdoor gear compared with categories like jeans, workwear, and luxury, the survey found.
It also helps that a lot of these companies have started to see improvements in their inventory levels, which were overburdened last year. With leaner inventory, they have been able to introduce innovative products, such as new sneakers, into the marketplace to drive demand, Fernandez said.
These trends have made analysts more optimistic on the sector. For instance, after Nike’s earnings, Barclay’s upgraded the stock to Overweight from Equal Weight.
The enthusiasm has also bubbled over to Lululemon Athletica ‘s (LULU) ahead its earnings report next Tuesday, despite the company’s rocky performance in the previous quarter.
“We recently turned bullish on LULU,” wrote Wells Fargo analyst Ike Boruchow on Wednesday. He upgraded the stock to Overweight from Equal Weight in January. “There’s too much negativity priced in today.”
That said, some analysts continue to urge caution, warning that the sector won’t be immune from the slowdown ahead. CFRA’s Zachary Warring reiterated a Sell rating on Nike following its latest earnings, writing that investors are “overly optimistic” considering that consumer wallets will still be under pressure this year.
“The growth is definitely going to slow,” Fernandez acknowledged. But she says she is optimistic the sector will perform better than other retail subsectors, especially those that sell high-ticket items.
After all, if you’re on a budget, what’s more palatable? Springing $70 for new sneakers, or $500 for a new TV?
Sports Apparel Stocks Are Racing Ahead of Other Retailers. Here’s Why.
March 23, 2023 2:00 am ET
Barron's Newsletters
The Barron's Daily
Demand for athletic wear is still strong, fueled by postpandemic lifestyle changes.
With consumers starting to pull back in response to concerns about the economy, many retailers are drawing from their defensive playbooks. Sports retailers, however, are still going on the offensive.
Athletics apparel companies have posted strong quarters across the board, boosted by continued demand for athletics apparel.
On Tuesday, Nike (ticker: NKE) and On Holdings (ONON) posted earnings and revenue that beat expectations and raised their guidance for the rest of the fiscal year. This follows blowout quarters from Dick’s Sporting Goods (DKS) and Academy Sports & Outdoors (ASO) earlier in March.
Even Foot Locker (FL), which has struggled in recent years, did better than expected in its latest quarter. And while the company’s short-term forecast dragged the stock lower this week, analysts are optimistic that Foot Locker ‘s recently announced rebrand plan will help drive sales and long-term growth.
“We see FL benefiting from the general strength in the athletic footwear and apparel space,” wrote Jefferies analyst Corey Tarlowe in a research note.
Shares of these major athletics retailers reflect ongoing demand, outperforming both the broader market and other retail stocks. Foot Locker stock has risen 4.6% this year. On Holdings stock has surged 61%, Academy Sports 22%, Dick’s 19%, and Nike 3.2%. Meanwhile, the S&P 500 has gained 2.5% and the SPDR S&P Retail (XRT) exchange-traded fund is up just 1.2%.
The strength of athletic apparel retailers—especially their upbeat guidance—provides a contrast to the cautious tone struck by other retailers, including Walmart (WMT), Home Depot (HD), and Target (TGT).
Postpandemic preferences are playing a big role in supporting these companies’ growth.
“Consumers really have gravitated toward a more casual lifestyle,” said Cristina Fernández, analyst at Telsey Advisory Group.
This is especially true among some of the higher-end brands. Nike, On, and Dick’s are all what Fernández calls “share gainers” within the category, meaning they will continue to grab market share from competitors.
Indeed, among higher-income consumers, time spent on exercise-related activities—such as going on walks or working out—increased from 2019 to 2021, according to a March survey from Stifel’s Think Tank Group. That has translated to higher demand for activewear. Over the course of 2022, consumers were more likely to consider purchasing activewear, shoes, and outdoor gear compared with categories like jeans, workwear, and luxury, the survey found.
It also helps that a lot of these companies have started to see improvements in their inventory levels, which were overburdened last year. With leaner inventory, they have been able to introduce innovative products, such as new sneakers, into the marketplace to drive demand, Fernandez said.
These trends have made analysts more optimistic on the sector. For instance, after Nike’s earnings, Barclay’s upgraded the stock to Overweight from Equal Weight.
The enthusiasm has also bubbled over to Lululemon Athletica ‘s (LULU) ahead its earnings report next Tuesday, despite the company’s rocky performance in the previous quarter.
“We recently turned bullish on LULU,” wrote Wells Fargo analyst Ike Boruchow on Wednesday. He upgraded the stock to Overweight from Equal Weight in January. “There’s too much negativity priced in today.”
That said, some analysts continue to urge caution, warning that the sector won’t be immune from the slowdown ahead. CFRA’s Zachary Warring reiterated a Sell rating on Nike following its latest earnings, writing that investors are “overly optimistic” considering that consumer wallets will still be under pressure this year.
“The growth is definitely going to slow,” Fernandez acknowledged. But she says she is optimistic the sector will perform better than other retail subsectors, especially those that sell high-ticket items.
After all, if you’re on a budget, what’s more palatable? Springing $70 for new sneakers, or $500 for a new TV?
Oscar Health rises 79.9% 12:00 OSCR
On a CEO change?
On a CEO change?