I'm Really Sorry - Beyond Meat
“The safest way to double your money is to fold it over once and put it in your pocket.”
The Portfolio
Our blog portfolio continues to perform well and volatility remains low. Year-To-Date the portfolio is up +17.72%. While the markets had a little sell off today ahead of the Feds decision, the blogs portfolio remained relatively calm.
I'm Sorry - Beyond Meat
In my last post I cautioned investors on the stock of Beyond Meat. While I was making a call about the tragedy lurking on October 29th when the restricted shares come off lock up; I didn't see the mess that management was going to present today on the earnings call. Namely, announcing a secondary stock offering after just going public in May, and while still in lock-up. With 49 million shares in lock up, management wants to add several million more shares to raise capital? If I was an employee with restricted shares I'd be having second thoughts about my future with the company. I'd bet a bunch of resumes are getting refreshed.
Mostly I'm mad at myself for not writing about this stock earlier, as investors saw their stock decline by over 18% today. Shares opened at $233.82 and closed at $209.36; but in after hours trading have continued to decline to $191. I haven't discussed Beyond Meat because its not in the portfolio, but I realized yesterday that it is front of brain for investors. There is more pain to come for shares of Beyond Meat, please take whatever action is appropriate for your personal situation.
Earnings Season Continues Tomorrow
I'm looking forward to the MasterCard and Sony earnings calls. MasterCard and Sony will be reporting before the bell, so look for trading in these stocks as soon as results are released.
MA 7-30-2019
EXPECTED: Mastercard Incorporated is expected* to report earnings on 07/30/2019 before market open. The report will be for the fiscal Quarter ending Jun 2019.
The consensus EPS forecast for the quarter is $1.83. Earnings range is range is $1.73 to $1.91.
The consensus revenue forecast for the quarter is $4.09B, Revenue range is $4.01B - $4.18B.
SNE 7-30-2019
EXPECTED: Sony Corp Ord is expected* to report earnings on 07/30/2019 before market open. The report will be for the fiscal Quarter ending Jun 2019.
The consensus EPS forecast for the quarter is $0.78. Earnings range is range is $0.78 to $0.78.
The consensus revenue forecast for the quarter is $18.79B, Revenue range is $18.79B - $18.79B.
MPWR 7-31-2019
EXPECTED: Monolithic Power Systems is estimated to report earnings on 07/24/2019.
The consensus EPS forecast for the quarter is $0.92. Earnings range is range is $0.91 to $0.93.
The consensus revenue forecast for the quarter is $150.68M, Revenue range is $150.16M - $150.7.
RCL 8-1-2019
EXPECTED: Royal Caribbean Cruises Ltd. is estimated to report earnings on 08/01/2019.
The consensus EPS forecast for the quarter is $2.47. Earnings range is range is $2.34 to $2.53.
The consensus revenue forecast for the quarter is $2.8B, Revenue range is $2.76B - $2.84B.
XYL 8-1-2019
EXPECTED: Xylem Inc. is expected* to report earnings on 08/01/2019 before market open. The report will be for the fiscal Quarter ending Jun 2019.
The consensus EPS forecast for the quarter is $0.79. Earnings range is range is $0.76 to $0.80.
The consensus revenue forecast for the quarter is $1.35B, Revenue range is $1.32B - $1.40B.
MIXT 8-1-2019
EXPECTED: MiX Telematics Limited is estimated to report earnings on 08/01/2019.
The consensus EPS forecast for the quarter is $0.18. Earnings range is range is $0.18 to $0.18.
The consensus revenue forecast for the quarter is $35.46M, Revenue range is $34.36M - $36.25M.
AWR 8-5-2019
EXPECTED: American States Water Company is estimated to report earnings on 08/05/2019.
The consensus EPS forecast for the quarter is $0.51. Earnings range is range is $0.50 to $0.53.
The consensus revenue forecast for the quarter is $115.2M, Revenue range is $110.5M - $122.31M.
FOXF 8-7-2019
EXPECTED: Fox Factory is estimated to report earnings on 08/07/2019.
The consensus EPS forecast for the quarter is $0.66. Earnings range is range is $0.65 to $0.67.
The consensus revenue forecast for the quarter is $187.94M, Revenue range is $185.12M - $190.3M.
CCMP 8-7-2019
EXPECTED: Cabot Microelectronics is expected* to report earnings on 08/07/2019 after market close. The report will be for the fiscal Quarter ending Jun 2019.
The consensus EPS forecast for the quarter is $1.57. Earnings range is range is $1.50 to $1.65.
The consensus revenue forecast for the quarter is $267.13M, Revenue range is $263M - $270M.
NSP 8-7-2019
EXPECTED: Insperity, Inc. is estimated to report earnings on 08/07/2019.
The consensus EPS forecast for the quarter is $0.83. Earnings range is range is $0.83 to $0.84.
The consensus revenue forecast for the quarter is $1.04B, Revenue range is $1.02B - $1.05B.
CVS 8-7-2019
EXPECTED: CVS Health Corporation is expected* to report earnings on 08/07/2019 before market open. The report will be for the fiscal Quarter ending Jun 2019.
The consensus EPS forecast for the quarter is $1.69. Earnings range is range is $1.65 to $1.72.
The consensus revenue forecast for the quarter is $62.71B, Revenue range is $61.66B - $63.28B.
BDSI 8-8-2019
EXPECTED: BioDelivery Sciences is estimated to report earnings on 08/08/2019.
The consensus EPS forecast for the quarter is $-0.06. Earnings range is range is $-0.25 to $-0.01.
The consensus revenue forecast for the quarter is $24.59M, Revenue range is $23.07M - $27.3M.
NBRV 8-8-2019
EXPECTED: Nabriva Therapeutics is estimated to report earnings on 08/08/2019.
The consensus EPS forecast for the quarter is $-0.33. Earnings range is range is $-0.34 to $-0.33.
The consensus revenue forecast for the quarter is $790K, Revenue range is $500K - $1.25M.
BSTC 8-8-2019
EXPECTED: BioSpecifics Technologies Corp is estimated to report earnings on 08/08/2019.
The consensus EPS forecast for the quarter is $0.72. Earnings range is range is $0.72 to $0.72.
The consensus revenue forecast for the quarter is $8.98M, Revenue range is $8.98M - $8.98M.
NVDA 8-15-2019
EXPECTED: NVIDIA Corporation is estimated to report earnings on 08/15/2019.
The consensus EPS forecast for the quarter is $1.14. Earnings range is range is $1.07 to $1.24.
The consensus revenue forecast for the quarter is $2.54B, Revenue range is $2.41B - $2.57B.
VEEV 8-22-2019
EXPECTED: Veeva Systems Inc. is estimated to report earnings on 08/22/2019.
The consensus EPS forecast for the quarter is $0.49. Earnings range is range is $0.48 to $0.51.
The consensus revenue forecast for the quarter is $259.37M, Revenue range is $254.17M - $262.6M.
HEI 8-26-2019
EXPECTED: Heico Corporation is estimated to report earnings on 08/26/2019.
The consensus EPS forecast for the quarter is $0.54. Earnings range is range is $0.50 to $0.56.
The consensus revenue forecast for the quarter is $510.16M, Revenue range is $503.4M - $521.53M.
"Markets don't go to zero, Portfolio's do.
Buy quality, be patient...and look twice for motorcyclists"
- Clay Baker
Stay Invested,
Clay
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Keep Me Honest
S&P 500 declines to 2,350 or more (1-3-2019)
Healthcare and Biotech sectors outperform (1-3-2019)
S&P reaches 3,000 by year end (1-11-2019)
CSCO reaches $60/share (1-18-2019)
VEEV reaches $145/share (2-14-2019) (achieved $145.23 on 5-10-2019)
CVS reaches $91.50 (2-27-2019)
Bull market takes another leg up (4-7-2019)
The Fed will lower rates 1-2 times (5-13-2019)
Clay's Rules
Rule #1: Don't lose money
Rule #2: See Rule #1
Rule #3: Portfolios go to zero, markets don't, Stay Invested
Rule #4: When a good stock you own drops 10% below your cost basis, add shares
Rule #5: Bull markets aren't sustained without the Transports
Rule #6: When Forward P/E is lower than TTM P/E, expect earnings to increase
Disclosure: I am personally invested long in some or all of these stocks or funds that appear in the Stay Invested portfolio and may purchase or sell shares within the next 72 hours. I am also invested in other stocks and funds that do not appear in the Stay Invested portfolio but may be mentioned or related to this article. It is not my intention to advise or encourage the purchase or sale of any security. I am invested long in these securities mentioned in this post:
CVS, CSCO, VEEV, STZ, AMZN, NVDA, BCRX, GS, BDSI, VEEV, VTI, GLD, HD, AWR, XLNX, MRVL
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. This article is not intended to offer investing advice, guarantee 100% accurate predictions, or to be interpreted as providing a personal recommendation.
