Diamonds and Dogs

11/22/22

Winter is Coming. Burlington Stores (BURL) is jumping 14% even as earnings miss estimates. Management said they were not happy with the third quarter performance, but they must be happy with the stock price. The stock is still down for the year, but has bounced nicely the last two months. With the cold weather, people with need winter coats and jackets.

Zoom Video (ZM) not zooming. The video conferencing specialist is down 5%, not far from a 52 week low following earnings. Zoom beat estimates as sales rose 4.9% to $1.1 billion. Zoom lowered full year guidance due to economic uncertainty. Enterprise business has remained strong with much of the weakness coming from consumers and small businesses. One analyst was cautious on the guidance seeing incremental deterioration.