Earnings season continues with two blowout reports Thursday.
Action Alerts PLUS holding Darden (DRI) served up a strong quarter, powered by solid sales at Olive Garden. Sales were up at all divisions, save for its newest outfit Cheddar Scratch Kitchen. The results are no small feat in the competitive restaurant industry.
Despite threats from Amazon (AMZN) , Walmart (WMT) and Target (TGT) , Kroger (KR) reported a solid quarter on Thursday as well. Digital sales surged 66% and the company lifted the bottom end of its profit outlook. Here is what Kroger CEO Rodney McMullen just told TheStreet.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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