Sep. 11 at 7:11 AM
$ASO now that they are done with using the CF to anticipate the goods and overstocking before the tarifss were in place, hopefully they'll resume buybacks.
Miopic wallstreet was just struck by missing EPS expectations, which was precisely the consequence of using moneu to do strategic procurement instead of buybacks they expected, which would have boosted eps.
But they did not reduce guidance for the year so fundamentals are intact.
Consumer discretionary is seen as the most uncool sector to invest in right now. All capitals flowing into AI, and consumer spending is at cyclical lows. That's precisely why wise investors should SELL or HOLD the hot stocks and BUY the lows of those that are out of favour (those with good fundamentals like
$ASO and
$LULU )
