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Nvidia Earnings Preview: Data Centers, Margins, and the Great AI Spending Test

Nvidia is scheduled to report its second-quarter fiscal 2027 results on August 26, 2026, and I have reached the point where describing one of its earnings reports as “highly anticipated” feels almost comically inadequate. The market does not merely wait for Nvidia’s numbers anymore. It gathers around them like anxious relatives outside a delivery room. An ordinary company reports revenue, earnings and guidance. Nvidia reports the current condition of the artificial-intelligence economy. Its results influence semiconductor stocks, cloud providers, electrical-equipment companies, data-center developers, utilities and nearly every business that has managed to place the letters “AI” somewhere in an investor presentation. If Nvidia beats expectations, optimism spreads across the market as though the company has personally confirmed that the future remains under warranty. If management offers one cautious sentence about supply, margins or deployment timing, investors begin examining it with ...
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SCHD Dividend Outlook: Income, Quality, and Growth Potential

I have never found dividend investing particularly glamorous, which is one of the reasons I like it. There are no rockets on the launchpad. Nobody is livestreaming from a rented sports car while explaining how a quarterly distribution changed the trajectory of civilization. Dividend investing usually involves profitable companies sending shareholders modest amounts of cash at predictable intervals. It is the financial equivalent of owning a sturdy refrigerator: useful, dependable and unlikely to attract a crowd at a party. That dependable quality has helped make the Schwab U.S. Dividend Equity ETF, better known by its ticker SCHD, one of the most recognizable dividend funds in the market. Investors often describe it as a simple source of income, but I think that description leaves out the most interesting part of the fund. SCHD is not merely searching for companies with large dividend yields. It is attempting to combine three characteristics that do not always appear together: current ...

Walmart Earnings Preview: What Consumer Spending Trends Reveal

By an investor watching the customer, not merely the consensus estimate There is a ritual on Wall Street before a major earnings report. Analysts adjust their spreadsheets by a penny, television guests debate whether “the setup” is attractive, and investors pretend that the fate of a nearly trillion-dollar retailer can be understood by guessing whether quarterly earnings land two cents above or below expectations. I have never believed that was investing. It is scorekeeping dressed up as analysis. When I study Walmart before earnings, I am not primarily asking whether the company will beat an estimate that has already been revised, whispered about, and traded around for weeks. I am asking what Walmart can tell me about the financial condition of the American household. I want to know what people are buying, what they are postponing, how frequently they are shopping, whether they are trading down, and how much convenience they are willing to pay for. I want to know whether Walmart is me...

Amazon Earnings Preview: What Margins Reveal About the Business

Amazon reports second-quarter 2026 results after the market closes on Thursday, July 30, and I can already predict the ritual. The revenue number will arrive. The earnings-per-share figure will follow. Television anchors will begin speaking faster. A stock chart will twitch violently in one direction, reverse course six minutes later, and then move again when an executive uses an adjective Wall Street was not expecting. Some investors will celebrate. Others will announce that civilization has ended. Social media will produce 10,000 confident interpretations before most people have opened the earnings release. I will be watching the margins. Revenue tells me how much economic activity passed through Amazon. Margins tell me how much value Amazon kept after paying the staggering cost of making that activity possible. That distinction matters because Amazon is no longer simply an online retailer. It is a collection of businesses with radically different economics forced to share one income...