![]() ![]() HD stock has gained 15% in the last 12 months and 62% over five years.Blue-chip stocks occupy the most respected level of the stock market. And management made no mention of store thefts during their latest earnings call. On the positive side, Home Depot announced a new $15 billion stock buyback program that takes effect immediately. Home Depot’s management team also said they are seeing demand for do-it-yourself renovation projects normalize after they skyrocketed while people were sheltering in place at home during the Covid-19 pandemic. If there was a rain cloud hanging over the latest financial results, it was that Home Depot issued muted guidance for the remainder of this year as consumer spending slows, saying it expects comparable sales to pullback 2% to 5%. The company’s sales continue to get a boost from contractors and professional home builders. Revenue in the period totaled $42.92 billion compared to $42.23 billion that had been forecast. The Atlanta-based home improvement retailer posted EPS of $4.65 versus $4.45 that was forecast on Wall Street. Also like Walmart, Home Depot’s financial performance continues to surpass analyst expectations, beating on both the top and bottom lines with its Q2 print. Like Walmart, Home Depot (NYSE: HD) is a tried-and-true blue-chip name and deserves a spot among the best blue-chip stocks list. Analysts praise the fact that CrowdStrike is continuing to gain market share. ![]() Wall Street had been looking for $774 million in revenue and 60 cents in profit for Q3. Looking forward, CrowdStrike said it now expects revenue of $775.4 million to $778 million and 74 cents in earnings for the current third quarter. The company’s free cash flow stood at $188.7 million at quarter’s end, up 39% from $135.8 million a year earlier. That was also ahead of analyst expectations of $724.1 million. Revenue came in at $731.6 million, up 37% from a year ago. The Austin, Texas-based company announced Q2 EPS of 74 cents, which was far ahead of Wall Street forecasts of 56 cents. CRWD stock has gathered momentum after the company reported a big earnings beat and raised its forward guidance for the year. The shares are now up 56% this year and have gained 150% since September 2018. Shares of cybersecurity firm CrowdStrike Holdings (NASDAQ: CRWD) got a nice 10% lift coming off the company’s recent Q2 earnings report. Salesforce’s stock is now up 64% this year, making it the best-performing component of the Dow Jones Industrial Average so far in 2023. In terms of forward guidance, Salesforce said it now expects EPS of $2.05 to $2.06 on $8.7 billion to $8.72 billion in revenue for Q3. Salesforce said it saw growth in all five of its product categories during Q2 and added that it sees further expansion through artificial intelligence ( AI), announcing an AI Cloud that will include tools for marketing and data analytics. The company’s revenue was up 11% from a year ago. Salesforce posted EPS of $2.12 versus $1.90 that was expected by analysts, and revenue of $8.60 billion compared to $8.53 billion that was anticipated. The company’s stock recently rose more than 5% in a single trading session after the cloud giant posted Q2 financial results that beat Wall Street forecasts across the board. Leading cloud computer company and Dow component Salesforce (NYSE: CRM) has redeemed itself in recent months with a successful turnaround plan that is now yielding results. And if those aren’t enough reasons to add LULU to the list of best blue-chip stocks, consider that LULU stock has gained 25% this year and is up 168% over five years. On an earnings call, Lululemon executives said the company’s earnings are being fueled by strong international growth, with sales increasing 52% in markets outside of North America. The company’s revenue was also up 18% year-over-year in the latest quarter. Revenue in the quarter totaled $2.21 billion compared to a consensus forecast of $2.17 billion. ![]() Lululemon currently has 107 stores in China and plans to open 35 more stores internationally this year, with most of the new locations based in Asia.įor its fiscal Q2, Lululemon announced EPS of $2.68 versus $2.54 that was expected on Wall Street. Company executives say that sales growth in China remains decent in the current third quarter despite the economy slowing in the country of 1.4 billion people. The company announced that its fiscal second-quarter profit rose 18% from a year earlier due largely to increased sales throughout China. Athletic apparel retailer Lululemon (NASDAQ: LULU) just reported a very strong quarter. ![]()
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