In the first edition of Bolan’s Blow Outs, Brian Bolan, the aggressive growth stock strategist for Zacks Investment Research takes a look at two stocks. One is seeing a blowout earnings report boost its stock, the other is getting blown off the books.
First, the blowout report comes to us from Tillys (
TLYS - Free Report) which is a Zacks Rank #3 (Hold). It was a Zacks Rank #1 (Strong Buy) just the other day, but some of the estimate revisions were more than 60 days ago and thus not factored into the Rank.
Brian highlights the fact that the company has some other recent large beats and that the stock is up more than 34% on the session. Finally Brian takes us for a spin on the web site to see what items he likes from the retailer that appeals to the younger crowd. Think he will get a Scarlet and Grey flannel for the upcoming College Football Playoff?
Next is the stock that is getting blown off the books. This is a euphemism that professional investors use when they are selling out of a position. Brian talks about Shoe Carnival (
SCVL - Free Report) which is a Zacks Rank #5 (Strong Sell) and down more than 17% over the last five days.
Brian notes that the company missed earnings and guided lower and Wall Street doesn’t like the way that shoe fits. After a quick look at the earnings estimates, we go to the website to see the company has boots at the top of its highlighted offerings. This would be understandable except for the fact that the company blamed the miss and weak guidance for the unseasonable conditions (less cold weather hurting boot sales). Next Brian sees some Crocs which have been out of style for a long time and then we see shoes next to the smiling face of the famous Emeril Lagasse. Brian didn’t think that these offerings were “kicked up a notch” but then again, neither was his ending for this video.
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