$TXN Earnings: - Revenue of $4.83 billion, net income of $1.55 billion and earnings per share of $1.68. Earnings per share included a 5-cent benefit that was not in the company's original guidance. - TI's second quarter outlook is for revenue in the range of $5.00 billion to $5.40 billion and earnings per share between $1.77 and $2.05. research.alpha-sense.com?doc…

$ULTA Good results. Comp growth accelerating, though at the expense of margins. Still, a lot better than expected. This turnaround feels good after suffering a -50% from ATH. My conviction wasn’t the highest, but last months’ valuation compensated. It’s a good business, but I…

$ULTA Earnings: - Net sales increased 4.5% to $2.8 billion compared to $2.7 billion, primarily due to increased comparable sales and new store contribution, partially offset by a decrease in other revenue. - Diluted earnings per share was $6.70, including a $0.01 benefit due to income tax accounting for stock-based compensation, compared to $6.47, including a $0.10 benefit due to income tax accounting for stock-based compensation. - Net income was $305.1 million compared to $313.1 million. - Comparable sales (sales for stores open at least 14 months and e-commerce sales) increased 2.9% compared to the first quarter of fiscal 2024, driven by a 2.3% increase in average ticket and a 0.6% increase in transactions. research.alpha-sense.com?doc…

Now you can Airbnb more than an Airbnb

Now that the market is down from yesterday lows… Yesterday I reduced my cash from 35% to 5%. I won’t try to time the market (even politicians don’t know what’s next). We are lucky to have lots of quality businesses at attractive valuations, and I don’t want this ship to sail!