Trade Alert: Earnings, 5/17/2023
Two more earnings trades: long cement, short retail apparel.
Our bullish earnings trade today is on a company that sells cement, among other products (photo: Rodolfo Quirós).
Earnings Trades
We’ve got two trades for today, one bullish, and one bearish.
Before we get to them, a quick follow up about the rally in regional banks that’s continuing today. I’m still bearish on the regional banks I have bets against, including Fulton Financial Corporation ( FULT 0.00%↑ ) which I mentioned yesterday and which was the subject of this previous post.
As I type this, FULT is up about 7%.
Now onto today’s earnings trades.
Details below.
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