Thursday, December 8, 2022
HomeBusinessInvestmentKB Houses Out Of Vary; Dried Up Darden & Nikola’s Outta Fuel

KB Houses Out Of Vary; Dried Up Darden & Nikola’s Outta Fuel


(Thursday)

I did on Monday, tried on Tuesday.

However Wednesday’s a wild one for me.

Thank heaven it’s virtually Friday, the weekend I can practically see.

However Thursday? Now, that’s such a loopy, hazy day…

When the market received’t allow you to be.

What I'd miss keep Greatness flowing meme

Is that … some diluted Harry Nilsson my elf eyes see?

Oh, you’re good, Nice Ones. Nearly too good. I’ve actually gotta step up my lyrical acrobatics to sneak songs previous you lot nowadays…

Anyway, like Mary, there’s simply one thing about Thursdays. Time begins transferring a bit of sooner, the hours begin slipping into the longer term … and despite the fact that the solar’s nonetheless rising, it might as effectively be 5 o’clock.

Name it destiny.

Name it karma.

Name it an early, interdepartmental completely satisfied hour with our monetary pals over at BanyanHill.com

No matter you wish to name it, the Nice Stuff workforce is on a time crunch at present. And meaning we’re stuffing your regular, family-sized serving to of Greatness right into a bite-sized serving of inventory tales.

So, let’s finish this pitter-patter and get at ‘er, we could?

Thursday Throwdowns

Take Me KB Residence Tonight

2022 U.S. Housing Market Disaster Meme

It looks as if solely yesterday we have been speaking concerning the newest housing market mayhem hampering dwelling gross sales and new development.

Wait. Wasn’t that … like, Monday’s essential matter?

Sure! And right here we go once more — we instructed you these housing laborious knocks weren’t going away anytime quickly. It’s virtually like we peered into the longer term and located KB Residence’s (NYSE: KBH) newest earnings report wanting … virtually.

The development firm known as out all the same old suspects for its suspect quarterly outcomes, together with provide chain points and labor drive failures “[that] prolonged our construct occasions and delayed completions and deliberate deliveries.”

Talking of these deliveries, KB Residence solely managed to finish 2,868 homes — leagues decrease than its 3,168 projection. Actually, if it wasn’t for the typical promoting value of KB Residence’s … erm, properties rising 22% this previous quarter, the corporate doubtless would’ve been in a lot hotter water with Wall Road.

Because it stands, KB Residence simply barely missed Bloomberg analysts’ $1.49 billion income estimates — as a substitute bringing in $1.4 billion for the quarter.

Wall Road wasn’t completely satisfied, per se, however the inventory may’ve collapsed additional than its 5% dip following at present’s announcement. Beggars, choosers — you already know the drill.

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Darden’s Nicely Runs Dry

Omicron gross sales slumps are again on the menu, boys — a minimum of in case you’re Darden Eating places (NYSE: DRI), mother or father firm of Olive Backyard, Longhorn Steakhouse and different eating places continuously discovered on the outskirts of mall parking heaps. (Hey, I don’t decide.)

Darden mentioned Omicron took an enormous chew out of the corporate’s earnings and income this previous quarter, accounting for its quite unappetizing report.

Right here’s a take a look at these numbers:

•  Earnings per share: $1.93 versus $2.10 anticipated.

  Income: $2.45 billion versus $2.51 billion anticipated.

Moreover, Olive Backyard — which accounts for roughly half of Darden’s income — reported that same-store gross sales rose simply 29.9%, lacking Wall Road’s 36.7% progress estimate by a rustic mile.

I imply, if even the heavenly scent of garlic-coated breadsticks can’t lure clients out of their COVID-19 caves … how effectively do you suppose Darden and its merry bunch of restaurant chains will fare now that inflation is on the rise and meals prices maintain climbing?

In all probability not too effectively, which is why the corporate’s already decreasing its fiscal 2022 outlook. Darden dropped its gross sales forecast to between $9.55 billion and $9.62 billion, down from its prior vary of $9.55 billion to $9.7 billion.

Surprisingly, Wall Road took the information in stride, with DRI inventory nonetheless managing to climb over 2% at present.

Nikola’s Semi-Good Information

Nikola Hyzon Motors Hydrogen Fuel-Cell Meme

It’s official! Yesterday, Nikola (Nasdaq: NKLA) introduced it had began manufacturing of a battery-powered model of its electrical Tre semitruck, with deliveries set to start within the second quarter of 2022.

For these of you rolling your eyes proper now considering the electrical car (EV) market is already crowded sufficient … you already know who you’re … could I remind you that Nikola isn’t like different EV makers on the market.

It’s particular, in that it solely focuses on the semitruck and light-duty truck markets. You recognize … the automobiles the U.S. economic system basically runs on?

Different EV firms are already clamoring to get into this underdeveloped market *cough Tesla cough*. However Nikola caught it to the naysayers by launching its semi lineup first … if for no different motive than to get below the Musk Man’s pores and skin.

Wait. Battery powered? Doesn’t Nikola make hydrogen fuel-cell vehicles? I’m confused…

It does … or quite will, ultimately, most likely make a hydrogen fuel-cell truck. However not at present. Possibly in a couple of years, we hope.

The short-range, battery-powered semi mannequin was made with roughly 350-mile routes in thoughts. Nikola nonetheless plans to supply longer-range, hydrogen fuel-cell automobiles that may drive as much as 900 miles on a single cost, however not till about 2025.

So, no actual hydrogen hype for Nikola at present, however a minimum of it does have one thing to indicate buyers. If you’d like actual hydrogen energy hype, try yesterday’s earnings from Hyzon Motors (Nasdaq: HYZN), which is already making actual hydrogen fuel-cell semitrucks. Take that Nikola.

Now, maintain your horses only a minute right here. What if I’m nonetheless not offered on all this hydrogen hoopla? 

Nicely… We may at all times downshift into Duracell AAs, however your mileage will range significantly. Or, as a substitute, you would click on right here to see what else is shaking down on Electrical Avenue.

If The Lululemon Shoe Suits?

We’re scraping the underside of the information barrel with this final one, however in case you haven’t heard: Lululemon’s (Nasdaq: LULU) new sneaker assortment hit shops this week … so now your complete athleisure wardrobe could be wildly overpriced.

Nike, Adidas … are you aware them?

When requested concerning the firm’s “large step ahead” in launching modern footwear, Lululemon’s CEO Calvin McDonald mentioned: “We’re coming into the footwear class the identical approach we constructed our attire enterprise — with merchandise designed to unravel unmet wants, made for girls first.”

I’m fairly certain by “unmet wants,” McDonald actually meant “unexplored markets for Lululemon to faucet into,” however both approach, these $148 Blissfeel trainers may act as a key progress driver for the comfortable clothes retailer.

Sneaker gross sales have soared because the begin of the pandemic, with individuals working from dwelling choosing consolation over optics. It’s a pattern that’s appeared to stay, at the same time as white-collar employees grudgingly return to workplace life.

Whereas LULU inventory barely budged following Blissfeel’s launch … I say we give buyers time to interrupt in these new designer digs earlier than dissing them altogether.

And that’s a wrap for at present, Nice Ones! If you happen to’re nonetheless itching to let your phrases fly and rant just like the wind, be a part of us over within the Nice Stuff inbox.

GreatStuffToday@BanyanHill.com is the place you may attain us finest. Write to us at any time when the market muse calls to you!

Within the meantime, right here’s the place you will discover our different junk — erm, I imply the place you may try some extra Greatness:

Till subsequent time, keep Nice!

The Great Stuff Team





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