Hello Family,
This week is a holiday shortened week as we celebrate Juneteenth on Monday (June 19th) so the earnings calendar is still light.
However, we do have some notable names this week. We are curious to see especially what results are released from Darden Restaurants (ranked #11 in MSC) as Darden is the parent of Olive Garden, Longhorn Steakhouse, Yardhouse, Cheddar's, and other restaurants within their group.
The results from Darden should give insight on if the middle income customer has reduced their visits or has business remained steady.
Also, FedEx (ranked #62 in LC) is a key indicator on shipping and transportation. Our projections believe there is a moderate upside (approximately 5%) of FedEx from here but the upcoming results may be a reason to gauge if we prove to be right.
So, lets buckle up this week and make some moves as we wind down the 2nd Quarter of 2023.
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Tuesday, June 20th
1. FedEx (FDX) - Ranked #62 in Large Cap Stock Category
2. La-Z-Boy (LZB) - Ranked #78 in Mid/Small Cap Stock Category
Wednesday, June 21st
3. KB Home (KBH) - Ranked #101 in Mid/Small Cap Stock Category
Thursday, June 22nd
4. Darden Restaurants (DRI) - Ranked #11 in Mid/Small Cap Stock Category
5. Accenture (ACN) - Ranked #41 in Large Cap Stock Category
6. FactSet Research Systems (FDS) - Ranked #21 in Mid/Small Cap Stock Category
7. Carmax (KMX) - Ranked #95 in Mid/Small Cap Stock Category
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