Qurate Retail Stock (NASDAQ:QRTEP), Trade Ideas

Qurate Retail Inc, through its subsidiaries, is engaged in the video and online commerce industries. Its segments include QxH, which includes QVC U.S. and HSN market and sell a wide variety of consumer products in the United States, using their televised shopping programs and via the Internet through their websites and mobile applications; QVC International segment markets and sells a wide variety of consumer products in several foreign countries, using its televised shopping programs and via the Internet through its international websites and mobile applications; and Zulily markets and sells a wide variety of consumer products in the United States and several foreign countries. Geographically, the company operates in U.S, which generates key revenue, Japan, Germany and other regions.

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Institutional investors have been dumping stocks for the last 12 months. You have to ask yourself some serious questions when you see this.

Burry In Q1: &#34;Sell&#34;, Also Burry In Q1:

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Qurate Retail, Inc. - 8.0% Fixed Rate Cumulative Redeemable Preferred Stock

Qurate Retail Inc

Vermilion Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VET#NYSE">VET</a>) reported quarterly earnings of $0.01 per share which missed the analyst consensus estimate of $1.15 by 99.13 percent. This is a 99.42 percent decrease over earnings of $1.73 per share from the same period last year. The company reported quarterly sales of $376.927 million which missed the analyst consensus estimate of $646.750 million by 41.72 percent. This is a 7.81 percent decrease over sales of $408.840 million the same period last year.

Earnings

Earnings Misses

Vermilion Energy Q1 2024 GAAP EPS $0.01 Misses $1.15 Estimate, Sales $376.927M Miss $646.750M Estimate

eXp World Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPI#NASDAQ">EXPI</a>) reported quarterly losses of $(0.10) per share which missed the analyst consensus estimate of $(0.06) by 66.67 percent. This is a 1100 percent decrease over earnings of $0.01 per share from the same period last year. The company reported quarterly sales of $943.054 million which beat the analyst consensus estimate of $893.243 million by 5.58 percent. This is a 11.15 percent increase over sales of $848.453 million the same period last year.

Earnings Beats

EXPI

eXp World Holdings Q1 2024 GAAP EPS $(0.10) Misses $(0.06) Estimate, Sales $943.054M Beat $893.243M Estimate

Paramount Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGRE#NYSE">PGRE</a>) reported quarterly earnings of $0.22 per share which beat the analyst consensus estimate of $0.20 by 10 percent. This is a 15.38 percent decrease over earnings of $0.26 per share from the same period last year. The company reported quarterly sales of $188.877 million which beat the analyst consensus estimate of $183.329 million by 3.03 percent. This is a 0.21 percent increase over sales of $188.474 million the same period last year.

PGRE

Paramount Group Q1 2024 FFO $0.22 Beats $0.20 Estimate, Sales $188.877M Beat $183.329M Estimate

Hudson Pacific Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPP#NYSE">HPP</a>) reported quarterly earnings of $0.17 per share which met the analyst consensus estimate. This is a 51.43 percent decrease over earnings of $0.35 per share from the same period last year. The company reported quarterly sales of $214.023 million which missed the analyst consensus estimate of $214.776 million by 0.35 percent. This is a 15.16 percent decrease over sales of $252.263 million the same period last year.

Hudson Pacific Properties Q1 2024 GAAP EPS $0.17, Inline, Sales $214.023M Miss $214.776M Estimate

Guidance

Via Renewables President And CEO Keith Maxwell Says Q2 We Entered Into Agreement To Acquire ~12,500 RCEs In Our Existing Markets.

Valmont Industries Raises FY24 EPS Guidance From $14.25-$15.50 To $15.40-$16.40 vs $14.76 Est.

Via Renewables Q1 2024 EPS $1.81 Up From $(1.26) YoY; Revenue $114.056M Down From $131.852M YoY

Plymouth Industrial REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLYM#NYSE">PLYM</a>) reported quarterly earnings of $0.45 per share which missed the analyst consensus estimate of $0.47 by 4.26 percent. The company reported quarterly sales of $50.190 million which missed the analyst consensus estimate of $51.031 million by 1.65 percent. This is a 1.66 percent increase over sales of $49.371 million the same period last year.

PLYM

Plymouth Industrial REIT Q1 2024 FFO $0.45 Misses $0.47 Estimate, Sales $50.190M Miss $51.031M Estimate

CCRN

Cross Country Healthcare Sees Q2 2024 Adj. EPS $0.10-$0.20 Vs $0.18 Estimate

Cross Country Healthcare Sees Q2 2024 Revenue $330M-$340M Vs $362.5M Estimate

In its latest policy meeting on Wednesday, the Federal Reserve opted to maintain its benchmark interest rates at 5.25%-5.50%, aligning with market predictions but offering a cautious stance on the return the 2% inflation target, noting that there has recently been <a href="https://www.benzinga.com/news/econ-s/24/05/38561640/fed-keeps-interest-rates-steady-announces-slower-than-expected-pace-of-balance-sheet-runoff">&#8220;a lack of further progress.&#8221;</a>
The Fed has also adjusted its approach to quantitative tightening, now reducing the monthly redemption cap on Treasury securities more gradually than expected — from $60 billion to $25 billion — while maintaining the $35-billion cap on agency debt and mortgage-backed securities.
During the press conference, Federal Reserve Chair Jerome Powell underscored the necessity of patience, indicating that more time is needed for the current restrictive monetary policies to effectively curb inflation. 
Powell&#8217;s remarks appeared to quell the immediate fears of rate hikes. He emphasized, &#8220;I think it&#8217;s unlikely that the next policy rate move will be a hike,&#8221; pointing to the need for &#8220;persuasive evidence&#8221; that current policies aren&#8217;t sufficiently restrictive to drive down inflation sustainably<a href="https://www.benzinga.com/markets/equities/24/05/38563545/powell-keeps-hawks-at-bay-says-interest-rate-hike-unlikely-stocks-gold-rally-while-treasury-yiel"> to the 2% goal. </a>
Furthermore, Powell reiterated that it would be premature to scale back on restrictive policies until there is greater confidence in inflation moving sustainably toward the target.
<h1 class="wp-block-heading">Economists Weigh In: Dovish Undertones </h1>
Chris Zaccarelli, chief investment officer for Independent Advisor Alliance, noted Powell&#8217;s decidedly dovish stance. 
&#8220;Not only did Powell choose not to give a hawkish press conference, he took great pains to be dovish. He set the bar extremely high for rate hikes, focusing on maintaining current rates for a prolonged period rather than pivoting towards rate increases,&#8221; said Zaccarelli. 
The expert highlighted Powell consistently leaned away from suggesting any hawkish shifts that interpret every economic signal with an optimistic bend, from acknowledging higher-than-expected inflation figures to recognizing softer economic growth.
Zaccarelli believed Powell positioned the Fed in a way that prioritizes economic recovery, setting a high threshold for any future rate hikes which he thinks are unlikely unless absolutely necessary.
Regarding the market implications, &#8220;This is very bullish for the stock market and largely removes the risk of rate hikes for this year, despite inflation that is increasingly looking stuck 50% higher — or more — than their target,&#8221; Zaccarelli stated. 
Mohamed El Erian, chief economic adviser at Allianz, also stressed the perception of a dovish Powell. 
&#8220;The tone and content of Powell's remarks were notably more dovish than the initial statement suggested. It remains to be seen whether his views reflect a collective consensus or his own perspective,&#8221; commented El Erian. 
He suggested the forthcoming release of the meeting&#8217;s minutes would be crucial in clarifying whether Powell's dovish stance is fully supported by the rest of the committee or if it reflects a more individual perspective.
Larry Tentarelli, chief technical strategist at Blue Chip Daily Trend Report, echoed concerns about the rate trajectory, suggesting that investors might see fewer rate cuts, if any, this year. 
&#8220;Fed Chairman Jerome Powell seemed to push back on the idea of rate hikes. His early commentary today was that the FOMC believes that current rates are restrictive and are weighing on demand. Powell also stated that the Fed believes that policy stance is appropriate to the current situation,&#8221; Tentarelli explained.
The expert believes the Fed will remain data dependent, and will assess its monetary policy stance meeting to meeting. 
He doesn&#8217;t expect any rate cuts in 2024, unless the annual core Personal Consumption Expenditure (PCE) price index — Fed&#8217;s favorite inflation gauge — falls below 2.4%. In alternative, &#8220;a very weak jobs market could prompt the Fed to cut, but this is not the case now,&#8221; he added. &#8220;We do not view a ‘no cut scenario' in 2024 as a negative, as long as inflation does not turn up and the economy holds up reasonably well,&#8221; he stated.
Read Now: <a href="https://www.benzinga.com/economics/macro-economic-events/24/05/38557569/april-jobs-report-preview-bank-of-america-anticipates-solid-payrolls-growth-risin">April Jobs Report Preview: Bank Of America Anticipates Solid Payrolls Growth, Rising Wage Pressures</a>
This image was created using artificial intelligence MidJourney

Analyst Color

Macro Notification

Econ #s

Federal Reserve

Analyst Ratings

Hawkish Fed Risk Fades After Powell's Remarks: He 'Set The Bar Extremely High For Rate Hikes'

WEAV

Weave Expects Q2 Total Revenue Of $48.2M-$49.2M (Est $48.21M); Raises FY24 Forecast From $194M-$198M To $197M-$200M (Est $196.289M)

RLJ Lodging Trust Reaffirms FY24 Outlook Of AFFO $1.55-$1.75

TriplePoint Venture Gwth (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPVG#NYSE">TPVG</a>) reported quarterly earnings of $0.41 per share which missed the analyst consensus estimate of $0.43 by 4.65 percent. This is a 22.64 percent decrease over earnings of $0.53 per share from the same period last year. The company reported quarterly sales of $29.273 million which missed the analyst consensus estimate of $31.254 million by 6.34 percent. This is a 12.95 percent decrease over sales of $33.629 million the same period last year.

TPVG

TriplePoint Venture Gwth Q1 2024 GAAP EPS $0.41 Misses $0.43 Estimate, Sales $29.273M Miss $31.254M Estimate

Elme Communities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELME#NYSE">ELME</a>) reported quarterly earnings of $0.23 per share which beat the analyst consensus estimate of $0.22 by 4.55 percent. This is a 4.17 percent decrease over earnings of $0.24 per share from the same period last year. The company reported quarterly sales of $59.513 million which beat the analyst consensus estimate of $58.792 million by 1.23 percent. This is a 6.64 percent increase over sales of $55.809 million the same period last year.

ELME

Elme Communities Q1 2024 FFO $0.23 Beats $0.22 Estimate, Sales $59.513M Beat $58.792M Estimate

Green Brick Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRBK#NYSE">GRBK</a>) reported quarterly earnings of $1.82 per share which beat the analyst consensus estimate of $1.51 by 20.53 percent. This is a 32.85 percent increase over earnings of $1.37 per share from the same period last year. The company reported quarterly sales of $447.338 million which beat the analyst consensus estimate of $439.986 million by 1.67 percent. This is a 1.04 percent decrease over sales of $452.061 million the same period last year.

GRBK

Green Brick Partners Q1 2024 GAAP EPS $1.82 Beats $1.51 Estimate, Sales $447.338M Beat $439.986M Estimate

Service Corporation International Says 'Our annual guidance ranges for 2024 detailed below have not changed and are consistent with our previously reported outlook for 2024.'

CareTrust REIT, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTRE#NYSE">CTRE</a>) announced today that it has funded a $26.7 million mortgage loan in connection with the borrower's acquisition of a 2-asset, skilled nursing portfolio with a total of 276 licensed beds and located in Tennessee. The borrower group under the loan is an experienced, regional health care real estate owner and investor. The facilities will be operated by affiliates of The Ensign Group, Inc. which took over operations effective May 1, 2024, pursuant to a new, long-term triple-net master lease with the borrower.
The loan is secured by a first priority lien on the borrowers' ownership interest in the real estate and carries a seven-year maturity with one, 12-month extension and an annual interest rate of 9.10%. The terms of the loan include CareTrust having the option to purchase the facilities in the future (subject to the master lease with affiliates of The Ensign Group remaining in place). The purchase option exercise window opens during the initial 90-day period of each of the 4th, 5th, and 6th loan years, with the purchase option price for the facilities being calculated by dividing the amount of the then annual base rent by an agreed upon lease yield.
James Callister, CareTrust's Chief Investment Officer, stated that, "We are thrilled to announce the closing of this unique investment opportunity. When you consider the purchase option, this loan has all the hallmarks of our strategy to lend with a purpose: strong local market dynamics; the expansion of our relationship with a best-in-class operator in The Ensign Group; and the direct opportunity to acquire real estate in the future."
CareTrust also reported that with the funding of this loan, the Company's year-to-date investments now total over $205 million, and the investment pipeline is reloaded with approximately $260 million of near-term, actionable opportunities. The company's CFO, Bill Wagner, commented on the strength of the balance sheet. He said, "With line of sight into a highly active investment environment, we have continued to position the balance sheet to fund our replenishing pipeline. During the first quarter, we issued 11.6 million shares at an average share price of $23.55 for gross proceeds of approximately $273.2 million. This brings our outstanding share total to approximately 142.1 million shares."
The investment was funded using cash on hand.

CTRE

CareTrust REIT Reports Reloaded Investment Pipeline Of $260M And Q1 ATM Activity Of $273M, Outstanding Share Total ~142.1M Shares.

RGC Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGCO#NASDAQ">RGCO</a>) reported quarterly earnings of $0.63 per share. The company reported quarterly sales of $32.659 million which missed the analyst consensus estimate of $34.000 million by 3.94 percent. This is a 14.12 percent decrease over sales of $38.030 million the same period last year.

RGCO

RGC Resources Q2 2024 GAAP EPS $0.63, Sales $32.659M Miss $34.000M Estimate

Ensign Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENSG#NASDAQ">ENSG</a>) reported quarterly earnings of $1.30 per share which beat the analyst consensus estimate of $1.28 by 1.56 percent. This is a 15.04 percent increase over earnings of $1.13 per share from the same period last year. The company reported quarterly sales of $1.010 billion which beat the analyst consensus estimate of $1.004 billion by 0.61 percent. This is a 13.89 percent increase over sales of $886.841 million the same period last year.

ENSG

Ensign Group Q1 2024 Adj EPS $1.30 Beats $1.28 Estimate, Sales $1.010B Beat $1.004B Estimate

Qurate Retail Preferred Is A Bargain That Has Plenty Of Outs

Rare Stock Picks In December 2023 - From 34 Discerning Analysts

Qurate Retail: Solvency Risks Subside, Commercial Concerns Remain

Weitz Partners III Opportunity Fund Q4 2023 Commentary

Qurate Retail 8.0 Cumulative Redeemable Pref Shs declares $2.00 dividend

Silver Ring Value Partners Q4 2023 Letter

Qurate Retail Closes Above $1.00 - Time To Re-Evaluate

Qurate Retail, Inc. 2023 Q4 - Results - Earnings Call Presentation

Qurate Retail, Inc. (QRTEA) Q4 2023 Earnings Call Transcript

Weitz Conservative Allocation Fund Q1 2024 Commentary

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Press Releases

MacKenzie-Childs Brings Iconic Collections to QVC for an Engaging Shopping Experience on the Leading Video Commerce Platform

Stacy Bowe Appointed President of Multiplatform Video Commerce Retailer HSN

Qurate Retail, Inc. Reports Fourth Quarter and Year End 2023 Financial Results

Entertainment

NYDJ Launches First Wheelchair-Fit Denim Jean with QVC

Qurate Retail, Inc. Announces First Quarter Earnings Release and Conference Call

Qurate Retail Group Promotes Bill Wafford to Chief Administrative Officer

QVC DEFINES A NEW AGE OF POSSIBILITY CHAMPIONING WOMEN 50 AND OVER TO LIVE THEIR BEST LIVES

Qurate Retail Group Launches 'The Big Dish' on The Roku Channel

Qurate Retail, Inc. to Present at MoffettNathanson Media, Internet & Communications Conference

Iconic American Designer Nicole Miller Launches Exclusive Collection with QVC

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Qurate Retail, Inc. - Series A Common Stock

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Qurate Retail, Inc. - Series B Common Stock

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