Friday's Big Moving Stocks: CBRL, ZM, WMT
After Cracker Barrel (CBRL) lost 7.15% on Thursday, the stock might continue its big move downward. Stock markets punished the firm for releasing a new logo.Crack Barrel’s makeover does not stop at its logo but is still symbolic. It removed a male individual whom customers identify with. At its restaurant chains, it updated the interiors, modernizing the farmhouse aesthetics. In addition, the menu items will change seasonally.The firm does not seem to have a strong grasp of its market. The negative reaction to the stock price suggests that management needs to reconsider the logo change.Zoom Communications (ZM) should open up by over 5% this morning. The company posted non-GAAP EPS of $1.53 on revenue of $1.22 billion (+5.2% Y/Y). In Q3, the revenue expectations will meet consensus. Moreover, the EPS range of $1.42 - $1.44 is above consensus.ZM stock has good value at these levels. Growth is starting to pick up. It has a strong balance sheet that will give the firm room to invest in the business.Walmart (WMT) fell by 4.49% on Thursday. Although Q2 revenue grew by 4.8% to 4177.4 billion, the EPS of $0.68 did not meet expectations. The company absorbed some of the costs of tariffs. This added cost might worsen in the quarter ahead.
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