Have Poor Q1 Earnings Set Up A Short Opportunity In These Two Brick-And-Mortar Retailers?
Portfolio Pulse from Ryan Glosier
Dollar Tree (NASDAQ:DLTR) and Dollar General (NYSE:DG) reported poor Q1 earnings, missing Wall Street estimates and lowering their full-year guidance. Both stocks have experienced significant declines, potentially setting up a short opportunity for investors.
June 02, 2023 | 2:15 pm
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NEGATIVE IMPACT
Dollar General reported disappointing Q1 earnings, missing estimates and lowering full-year guidance. The stock fell nearly 20% and may face continued weakness.
Dollar General's weak Q1 earnings and lowered guidance have caused a significant drop in its stock price. The stock fell nearly 20% and may continue to face downward pressure in the short term, especially considering the poor earnings from its competitor, Dollar Tree.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Dollar Tree reported weak Q1 earnings, missing estimates and lowering full-year guidance. The stock has fallen 16% in the last month and may continue to decline.
Dollar Tree's poor Q1 earnings and lowered guidance have led to a significant decline in its stock price. The stock is now trading at year-to-date lows, and with the recent poor earnings from Dollar General, it may continue to face downward pressure in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100