Retailers are in big trouble

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

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

4.5 • 1.1K Ratings

🗓️ 21 February 2023

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

I kick things off today with a special announcement: This is my last free Tuesday Wall Street Unplugged podcast. We’ll be launching WSU Premium next Wednesday (March 1). Find out all about the new features and benefits we’ll be adding to the show—. This morning, we got the latest earnings results from two of America’s biggest retailers: Home Depot (HD) and Walmart (WMT)... I highlight some troubling signs for HD, including one key metric that just fell for the first time since 2009. And there’s more bad news when you look at the company’s costs… and the expensive price tag for its stock. Turning to WMT, the company delivered solid quarterly results but weak guidance for the year ahead. I share some red flags I see in WMT’s outlook… and why the stock doesn’t look like a bargain at current levels. Bottom line: The latest results show there’s more pain ahead for retailers. And investors need to be cautious as the bullish thesis for the stock market falls apart. In this episode WSU Premium launches next week [0:30] Home Depot is priced to perfection [7:14] Walmart’s weak forward guidance [16:15] The bull thesis for stocks is falling apart [23:25] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox each week: Wall Street Unplugged podcast is available at: --: itunes.apple.com/us/podcast/wall-street-unplugged-frank/ --: www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 --: www.curzioresearch.com/category/podcast/wall-street-unplugged/ : twitter.com/frankcurzio :. www.facebook.com/CurzioResearch/ : www.linkedin.com/in/frank-curzio-690561a7/ : www.curzioresearch.com

Transcript

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0:00.0	Wall Street Unplug looks beyond the regular headlines, heard on mainstream financial media
0:06.9	to bring you unscripted interviews and breaking commentary direct from Wall Street, right
0:11.6	to you on Mainstrum.
0:12.6	Let's go down to its February 21st.
0:18.1	I think there's just a Wall Street Unplug podcast where we read the headlines and
0:24.1	tell you what's really moving these markets.
0:33.5	So quick announcement before I get started.
0:36.9	Very exciting times.
0:37.9	Next week we're going to be launching Wall Street Unplug Premium, be a paid product
0:42.1	which includes two podcasts, just frankly speaking, not a podcast, but they all are going
0:47.4	to be breaking down stocks and ideas.
0:51.1	But now, from that podcast, we're going to be recommending one trading idea every week.
0:56.2	And this trading idea is going to be found in our dollar.club portfolio, so that's our
1:00.7	newsletter.
1:01.7	And yes, the dollar.club newsletter will also be included in Wall Street Unplug Premium
1:05.4	that's going to be including your membership.
1:08.1	And these are going to be weekly trading ideas.
1:12.6	We don't offer any product like this under umbrella, the Curse of Research right now because
1:18.4	these are really trading ideas.
1:19.4	We're going to look to get in and out of these names.
1:21.3	Sometimes we've been days, sometimes in weeks, maybe a month, depending if our thesis
1:25.2	is still intact.
	...

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