In today’s episode, Dave Whiston, the U.S. autos equity analyst for Morningstar Research Services, discusses CarMax’s disappointing earnings results and reveals where investors can look for stock opportunities.

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Timestamps

0:06 Introduction

0:46 Lower Estimate of Tesla’s Stock

1:33Micron Stock: Chipmaker Trims Spending

2:19 Nike Stock: Earnings Top Expectations, but Near-Term Outlook Disappoints

3:17 Why 2022 Has Been a Terrible Year for Bond Funds

4:16 Used-Car Affordability Slams CarMax’s Earnings

6:42 CarMax’s Response to Inflation and Rising Interest Rates

10:49 Our Analyst’s View of CarMax’s Stock

11:53 Cheap Stock Picks: Ford, GM, and Gentex

14:40 Why Is the Dollar Strong Now?

16:33 Strong Dollar Threatens Company Earnings

19:07 Cheap Stocks to Consider as the Dollar Strengthens

Companies mentioned in this episode.

Tesla (TSLA); Micron Technology (MU); Nike (NKE); CarMax Inc (KMX); Ford Motor Co (F); General Motors Co (GM); Gentex (GNTX); Anheuser-Busch InBev (BUD); GSK PLC (GSK); and SAP SE (SAP).

Read about topics from this episode.

Trimming Tesla Fair Value Estimate to $250 Following Lower Q3 Deliveries

Nike’s Brand Value Holds Despite a Tough Near-Term Outlook; Shares Undervalued

Why 2022 Has Been Such a Terrible Year for Bond Funds

Used-Vehicle Affordability Slams CarMax’s Q2, but We See Stock as Attractive for Long Term

Strong U.S. Dollar a Headwing to Earnings Growth

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We Examine Tesla's Stock and the Risks of a Strong Dollar 22:44 Share

Investing Insights

Shownotes Transcript

We Examine Tesla's Stock and the Risks of a Strong Dollar