Earnings season is in full swing, and the numbers have been coming in fast and furious. It can be an overwhelming time with many companies reporting and plenty of new information.  Investors must evaluate several important metrics including EPS, operating margins, revenue and forward “guidance.” Adding to the complexity: Sometimes, the way stocks react to news doesn’t add up, especially when good absolute numbers lead to a company’s stock price going down while another announces a weak report that leads to a surge higher.  Have you ever caught yourself thinking, “I don’t understand why company XYZ’s stock did that after seeing its earnings results?”  Well, you’re not the only one to feel that way from time to time. 

In today’s note, I wanted to accomplish a few things:

  1. Reiterate my newly changed macro/market view;
  2. Provide a quick update of the earnings results of the Dunks list that have reported; and
  3. Remind subscribers to be on the lookout for my monthly Sector Update that will be released early next week. 
New Macro/Market View:  As I’ve mentioned in recent notes, I’m changing from 1H22 market turbulence and 2H22 resumption of bull market to outright cautious/turning bearish 1H22 and 2H22 uncertain and concerned.&nb...

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