Earnings week 6: Biggest score each day

August 19, 2024

The biggest earnings score each day this week

Let's look at the highest scores for each day of week 6:

Monday: [ticker reserved for PRO members] is -47 (bearish)

  • Home Depot just warned of further sales weakening
  • Consumers are holding off on major home projects
  • Soft housing market reducing Pro segment demand
  • Web traffic is down slightly from last year
  • Wall Street is expecting a 5th straight quarterly profit drop

Tuesday: [ticker reserved for PRO members] is +77

  • Blew past Street Q1, guidance expectations last quarter
  • Management noted strong Memorial Day sales results
  • Customer conversion rates are at all-time highs
  • Average transaction value is trending higher
  • LZB is bucking the furniture industry slowdown

Wednesday: [ticker reserved for PRO members] is -51 (bearish)

  • Competitors are offering stronger AI/ML solutions
  • SNOW is investing to catch-up at the expense of profits
  • Profits fell 7% in Q1, expected to decline again in Q2
  • Sales growth slowdown makes valuation hard to accept
  • Recent CEO departure adds to uncertainty

Thursday: [ticker reserved for PRO members] is +29

  • Dress for Less, dd's Discounts winning over frugal consumers
  • Off-price retailer is expanding its footprint rapidly
  • Treasure hunt shopping experience is a big draw
  • Planned NC distribution center signals outlook confidence
  • Web traffic is up a bit from last year

Good luck if you decide to play these!

The earnings sheet details the best strategy for playing each one.

If you're not a member of Earnings Season Pass, be sure to check it out. You will get the full sheet with every company reporting, their earnings score, and the best way to play it.

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