Trade Alert: Earnings, 5/17/2023

Two more earnings trades: long cement, short retail apparel.

Our bullish earnings trade today is on a company that sells cement, among other products (photo: Rodolfo Quirós).

Earnings Trades

We’ve got two trades for today, one bullish, and one bearish.

Before we get to them, a quick follow up about the rally in regional banks that’s continuing today. I’m still bearish on the regional banks I have bets against, including Fulton Financial Corporation ( FULT 0.00%↑ ) which I mentioned yesterday and which was the subject of this previous post.

As I type this, FULT is up about 7%.

Now onto today’s earnings trades.

Details below.