Lululemon Surges on Strong Earnings
Athletic retailer Lululemon reported fantastic earnings and issued upwardly revised guidance. We like the company, but not the shares at current prices.
Brian Nelson
Smith & Wesson Blows Away Estimates
Gun manufacturer Smith & Wesson reported strong first-quarter earnings. Shares are up well over 200% since we first highlighted the stock as undervalued.
Intel’s Guidance Cut Comes As No Surprise
Chip giant Intel (click ticker for report: ) updated its third quarter outlook Friday morning. The firm expects revenue of $12.9-$13.5 billion compared to its previous guidance of $13.8-$14.8 billion and below the consensus estimate of $14.2 billion. Gross margin expectations were reduced to 62% (+/- 1%), from its previous guidance midpoint of 63%. On the positive side, R&D spending will come in at the low-end of the firm’s guidance range of $12.1-$12.7 billion. Intel cited macroeconomic headwinds, reductions in supply chain inventory, lower enterprise spending and weaker emerging markets demand as the main drivers behind the guidance cut. Yet, the data center business continues to meet expectations, suggesting that weakness is mainly isolated to its PC operations. We’re not surprised … Read more
VeriFone Reports Mixed Third Quarter Results
Payment solutions provider Verifone reported mixed third-quarter results, and its outlook disappointed the market. However, we think shares look cheap.
The New Kindle Fire Won’t Change Our View of Amazon
Amazon announced the new generation of Kindle Fires, which look like excellent devices. However, we question the firm’s commitment to profit.
Earnings Round Up
A few thoughts on H&R Block and the Men’s Wearhouse after both reported earnings yesterday.
Finisar’s Outlook Disappoints
Telecommunications equipment provider Finisar reported weak first-quarter results and issued even weaker guidance.
FedEx Reduces Guidance on Weak Growth
FedEx reduced its earnings guidance range, citing weak global demand. We think shares remain fairly valued.
Will Windows 8 Be Tragic for Microsoft?
Windows 8 hasn’t hit the shelves yet, but skeptics are already declaring it a collossal failure.
August Auto Sales Rebound in a Big Way
The US auto market continues to expand at a nice clip. Some estimate the August SAAR at a healthy 14.5 million units. We dig into the results.