One strategy is to buy half your position before earnings and half after since I don’t have a good feel for how the stock will react to earnings. I want to get into AZO – though of course I want to get the best price. Therefore, playing AZO strikes me as trickier than playing ZM. With the supply chain bottlenecks in new automotive production, I expect AZO to continue to hum along. Therefore, unlike ZM, AZO shares have been in a steady uptrend before a recent nasty selloff.

Comps were +13.6% in the recent quarter and +13.8% in the prior quarter. With a shortage of auto parts and new cars, consumers are repairing their old cars and AZO is therefore in a sweetspot. AZO is one of the leading auto parts retailers. Next let’s take a look at a very different kind of stock in Autozone (AZO) which reports earnings Tuesday morning. It’s certainly possible that ZM bounces on earnings but I prefer to hold off until after earnings when a terrific bargain may be had. The reason is that in this market environment, where the market hates everything tech, I think we can wait for terrific prices. My plan is to be opportunistic and look to pick up shares should the stock selloff post earnings. However, given the current market environment for speculative tech stocks, I don’t want to buy ZM ahead of earnings. From a purely fundamental perspective, ZM is a buy here. And that doesn’t include that $5.4 billion of cash and short term investments on ZM’s balance sheet. ZM is guiding current year EPS to $3.45-$3.51 for a 26x multiple on current earnings.

From a fundamental perspective, ZM looks attractive. The stock reached almost $600 in late 2020 before crater to a recent $89.74. ZM is paradigmatic of a class of stocks we can call early stage growth. Let’s start with pandemic darling Zoom (ZM) which reports Monday afternoon. Toward that end, I want to take a look at a number of stocks reporting earnings this week in an attempt to look for opportunity. It is my contention that stocks have been sold indiscriminately in recent weeks and now is the time to start looking for the values amidst the rubble. We apologize for the inconvenience! $NVDA $BABA $BBY $XPEV $ZM $COST $M $AZO $DKS $NIU $ANF $MRVL $SNOW $RL $DLTR $WOOF $DG $SBLK $BKE $AAP $CAAS $STRR $CGC $CSIQ $EXPR $ZS $BIDU $MDT /UjoWDXuczw- Earnings Whispers May 21, 2022

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