{"id":70998,"date":"2023-09-08T09:02:14","date_gmt":"2023-09-08T13:02:14","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=70998"},"modified":"2023-09-08T09:02:14","modified_gmt":"2023-09-08T13:02:14","slug":"coffee-with-greta-losing-week-2","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2023\/09\/08\/coffee-with-greta-losing-week-2\/","title":{"rendered":"Coffee With Greta: Losing Week"},"content":{"rendered":"

Register now<\/a> for next week's free trading Q&A on LinkedIn with me and JR Romero!<\/strong><\/p>\n

DJIA Futures: <\/b>+12 (+0.03%)<\/span><\/p>\n

SPX Futures: <\/b>+3 (+0.1%)<\/span><\/p>\n

NASDAQ Futures: <\/b>+8 (+0.1%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are flat as the market heads for a losing week on concerns about interest rates.<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

Treasury Yields Mixed<\/span><\/h2>\n

U.S. Treasury yields are mixed this morning as investors remain concerned about the future of interest rate policy.\u00a0<\/span><\/p>\n

The 2-year yield is flat at 4.95% while the 10-year yield is up 3 basis points at 4.25%.\u00a0<\/span><\/p>\n

Investors have become more concerned about the possibility of another rate hike after strong economic data released this week.\u00a0<\/span><\/p>\n

CME Group\u2019s FedWatch Tool shows 93% expect no rate hike at the September 20 meeting while about 40% are now anticipating a hike at the November 1 meeting.<\/span><\/p>\n

Kroger Falls On Mixed Earnings Report<\/span><\/h2>\n

Kroger <\/b>(KR) shares are down 1.6% ahead of the open after reporting mixed Q2 results.\u00a0<\/span><\/p>\n

Here\u2019s how the grocery store chain\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

    \n
  • Adjusted EPS: $0.96 vs $0.91 expected<\/span><\/li>\n
  • Revenue: $33.85 billion vs $34.13 billion expected<\/span><\/li>\n<\/ul>\n

    Revenue was down 2.3% year over year while same-store sales grew 1% vs 1.3% expected.\u00a0<\/span><\/p>\n

    Kroger reiterated its full-year outlook for adjusted EPS of $4.45 to $4.60 and same-store sales growth of 1% to 2%.<\/span><\/p>\n

    The company also revealed it agreed to pay $1.2 billion in installments over the next 11 years to settle the majority of opioid claims against the company across the country.\u00a0<\/span><\/p>\n

    Kroger said this settlement will not affect its ability to close its proposed acquisition of <\/span>Albertsons <\/b>(ACI).\u00a0<\/span><\/p>\n

    DocuSign Jumps On Strong Earnings<\/span><\/h2>\n

    DocuSign <\/b>(DOCU) shares are up 1.8% in premarket trade after beating Q2 expectations on the top and bottom line and hiking its full-year outlook.\u00a0<\/span><\/p>\n

    Here\u2019s how the electronic signature company\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

      \n
    • Adjusted EPS: $0.72 vs $0.66 expected<\/span><\/li>\n
    • Revenue: $688 million vs $678 million expected<\/span><\/li>\n<\/ul>\n

      DocuSign now expects full-year revenue between $2.73 billion and $2.74 billion vs $2.71 billion and $2.73 billion previously.\u00a0<\/span><\/p>\n

      But the company also warned about a challenging macro environment.\u00a0<\/span><\/p>\n

      The CEO said, \u201cWhile we are pleased with our results, like many others, we\u2019re seeing continued macro pressures tempering expansion rates.\u201d<\/span><\/p>\n

      RH Tumbles On Weak Guidance<\/span><\/h2>\n

      RH <\/b>(RH) shares are dropping 7.8% ahead of the open after beating Q2 expectations but issuing weak Q3 guidance.\u00a0<\/span><\/p>\n

      Here\u2019s how the luxury home good retailer\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

        \n
      • Adjusted EPS: $3.93 vs $2.65 expected<\/span><\/li>\n
      • Revenue: $800 million vs $791 million expected<\/span><\/li>\n<\/ul>\n

        But the company warned the higher-end housing market, which it relies on, will likely remain rocky.\u00a0<\/span><\/p>\n

        The CEO said, \u201cWe continue to expect the luxury housing market and broader economy to remain challenging throughout fiscal 2023 and into next year as mortgage rates continue to trend at 20-year highs and the current outlook is for rates to remain unchanged until the second quarter of 2024.\u201d<\/span><\/p>\n

        RH forecast Q3 revenue of $740 million to $760 million, below $779 million expected.\u00a0<\/span><\/p>\n

        For Q4, the company expects $760 million to $800 million in sales vs $775 million expected.\u00a0<\/span><\/p>\n

        RH raised the low end of its full-year sales outlook, now expecting $3.04 billion to $3.1 billion in revenue vs $3 billion to $3.1 billion expected.\u00a0<\/span><\/p>\n

        Analysts were forecasting $3.08 billion in full-year revenue.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

        Register now for next week’s free trading Q&A on LinkedIn with me and JR Romero! DJIA Futures: +12 (+0.03%) SPX Futures: +3 (+0.1%) NASDAQ Futures: +8 (+0.1%) Good morning friends! Futures are flat as the market heads for a losing week on concerns about interest rates. Let\u2019s get right to it! Treasury Yields Mixed U.S. Treasury yields are mixed this morning as investors remain concerned about the future of interest rate policy.\u00a0 The 2-year yield is flat at 4.95% while the 10-year yield is up 3 basis points at 4.25%.\u00a0 Investors have become more concerned about the possibility of another rate hike after strong economic data released this week.\u00a0 CME Group\u2019s FedWatch Tool shows 93% expect no rate hike at the September 20 meeting while about 40% are now anticipating a hike at the November 1 meeting. Kroger Falls On Mixed Earnings Report Kroger (KR) shares are down 1.6% ahead of the open after reporting mixed Q2 results.\u00a0 Here\u2019s how the grocery store chain\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $0.96 vs $0.91 expected Revenue: $33.85 billion vs $34.13 billion expected Revenue was down 2.3% year over year while same-store sales grew 1% vs 1.3% expected.\u00a0 Kroger reiterated its full-year outlook for adjusted EPS of $4.45 to $4.60 and same-store sales growth of 1% to 2%. The company also revealed it agreed to pay $1.2 billion in installments over the next 11 years to settle the majority of opioid claims against the company across the country.\u00a0 Kroger said this settlement will not affect its ability to close its proposed acquisition of Albertsons (ACI).\u00a0 DocuSign Jumps On Strong Earnings DocuSign (DOCU) shares are up 1.8% in premarket trade after beating Q2 expectations on the top and bottom line and hiking its full-year outlook.\u00a0 Here\u2019s how the electronic signature company\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $0.72 vs $0.66 expected Revenue: $688 million vs $678 million expected DocuSign now expects full-year revenue between $2.73 billion and $2.74 billion vs $2.71 billion and $2.73 billion previously.\u00a0 But the company also warned about a challenging macro environment.\u00a0 The CEO said, \u201cWhile we are pleased with our results, like many others, we\u2019re seeing continued macro pressures tempering expansion rates.\u201d RH Tumbles On Weak Guidance RH (RH) shares are dropping 7.8% ahead of the open after beating Q2 expectations but issuing weak Q3 guidance.\u00a0 Here\u2019s how the luxury home good retailer\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $3.93 vs $2.65 expected Revenue: $800 million vs $791 million expected But the company warned the higher-end housing market, which it relies on, will likely remain rocky.\u00a0 The CEO said, \u201cWe continue to expect the luxury housing market and broader economy to remain challenging throughout fiscal 2023 and into next year as mortgage rates continue to trend at 20-year highs and the current outlook is for rates to remain unchanged until the second quarter of 2024.\u201d RH forecast Q3 revenue of $740 million to $760 million, below $779 million expected.\u00a0 For Q4, the company expects $760 million to $800 million in sales vs $775 million expected.\u00a0 RH raised the low end of its full-year sales outlook, now expecting $3.04 billion to $3.1 billion in revenue vs $3 billion to $3.1 billion expected.\u00a0 Analysts were forecasting $3.08 billion in full-year revenue.\u00a0<\/p>\n","protected":false},"author":41,"featured_media":71002,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-70998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/70998","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=70998"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/70998\/revisions"}],"predecessor-version":[{"id":71003,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/70998\/revisions\/71003"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/71002"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=70998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=70998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=70998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}