These 4 ominous headlines from corporate America reflect an important pattern 📰
Possibly an example of 'bad news is good news' 🤔
Some of massive publicly traded companies made news this week for similar reasons. Check out these headlines:
Apple Ditches iPhone Production Increase After Demand Falters - Bloomberg, 9/27/22
CarMax shares crater as its huge earnings miss signals an end to the used car boom - CNBC, 9/29/22
Micron cuts capital spending to stem ‘unprecendented’ oversupply cycle - MarketWatch, 9/29/22
Nike Stock Tumbles After Warning on Profit Margin Hit From Inventory Bloat - The Street, 9/29/22
One of the world’s largest consumer tech companies, one of the world’s largest used car sellers, one of the world’s largest chip manufacturers, and one of the world’s largest consumer apparel makers all have plenty of stuff to sell.