Sonic (SONC, $16.40, down $0.60) is trading lower this morning on a downgrade by Credit Suisse to “Neutral” from “Outperform,” citing weaker demand and higher costs could cause the company to miss its same-store sales targets. Cheesecake Factory (CAKE, $17.00, down $0.27) also got the exact same downgrade. The stockRead more
Sonic is Struggling
Rumblings and Grumblings
CarMax Crushed
If you had been “thinking outside the box” you would have seen this one coming. CarMax (KMX, $15.97, down $2.37) is getting hammered today after reporting a 55% drop in quarterly profits. The company reported earnings of $29.6 million, or $0.13 a share, down from $65.4 million, or $0.30 aRead more
Apple Gets Another Upgrade
FedEx Earnings Preview
Coal Stocks End Mixed
Coal stocks were mixed today as some traded higher while others suffered modest losses. A couple of weeks ago I highlighted a few stocks and options that would benefit from a continuing uptrend. All of them are trading higher from where they were profiled but some of them have explodedRead more
Watch List: Casino/ Gaming Stocks
Goldman Sachs Earnings Watch
Goldman Sachs (GS, $178.29, up $11.54) is slated to report earnings before the opening bell Tuesday. The stock had a huge day Friday as traders positioned themselves ahead of the announcement. The financial stocks have been a train wreck as of late and there has been no compelling reasons toRead more