Retail is hurting—except one group

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

Commodities, Investments, Economics, Trading, News, Stocks, Oil, Uranium, Business News, Crypto, Investing, Crisis, Business, Gold, Industry, Debt, Macroeconomics, Talk, Research, Personal, Geopolitics, Curzio, Finance, Tokens

4.6 • 1.1K Ratings

🗓️ 16 November 2022

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Earnings are in for Target (TGT), TJX Companies (TJX), and Lowe’s (LOW). Daniel and I discuss what Target’s dismal results say about the overall economy... why Lowe’s CEO Marvin Ellison is full of s***—and why the stock could drop 20%-plus in the coming months… and why the issues faced by other retailers are great for discount retailers like TJX. We also break down the major separation taking place in stocks across all sectors… why fundamentals finally matter for the first time in over a decade… what to focus on when looking for great investments… and why one group of hated traders is about to have its heyday. In this episode What Target’s terrible quarter tell us about the economy [0:30] I have a bone to pick with the CEO of Lowe’s [7:10] It’s a great environment for discount retailers [15:42] Why we’re seeing a separation in stocks across sectors [18:36] This group of hated investors knows what it’s talking about [24:55] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: https://www.curzioresearch.com/wall-street-unplugged/ Wall Street Unplugged podcast is available at: --: https://itunes.apple.com/us/podcast/wall-street-unplugged-frank/ -- : https://www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 -- : https://www.curzioresearch.com/category/podcast/wall-street-unplugged/ : https://twitter.com/frankcurzio :. https://www.facebook.com/CurzioResearch/ : https://www.linkedin.com/in/frank-curzio-690561a7/ :

Transcript

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0:00.0	Wall Street Unplug looks beyond the regular headlines,
0:05.0	heard on mainstream financial media to bring you unscripted interviews
0:08.7	and breaking commentary direct from Wall Street, right to you on Main Street.
0:12.7	I'm gonna have to get to November 16th.
0:18.3	I think there's just a Wall Street Unplug podcast, we're breaking the headlines,
0:21.8	and tell you what's really moving these markets.
0:30.2	It is Dale Creech Wednesday, lots of earnings to go over, lots of stuff.
0:35.8	Daniel, let's start, damn it, how's it going?
0:38.2	Because it's tailored to companies in the same industry.
0:42.3	I talked about this yesterday, but you're seeing good results in the same industry
0:45.8	and companies reporting bad results within the same industry.
0:47.8	Something I talked about, which you're not used to seeing in the past,
0:51.8	but we've got to start off, I guess, with Target.
0:54.8	That's the story today.
0:56.3	Yeah, I mean, one more blew it out.
0:57.8	Last year, they reported good earnings.
0:59.8	They beat them this year.
1:00.8	Target was the opposite.
1:01.8	They earned a 303 in earnings per share last year.
1:05.8	They reported a $1.54 a day down from the consensus of 218, Frank.
1:09.8	Yeah, to your point, you're betting the jockey, not the horse.
1:12.8	Management teams are kind of rising to the top there.
	...

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