LABS performance tomorrow and compare to 3 others now Lowes: downward projections
Home Depot: downward projections
Stellantis: downward projections, offering buyout packages
Those 3 above are just the tip of iceburg as business bankruptcy filings in the U.S. are soaring. Rising inflation at the same time as a recession? That's a potent mix, hasn't been seen now for nearly 100 years and it took WW2 to drag them out of it but today they have difficulties funding their own government.
So in an environment of declining revenue performance, a company that is showing strong earnings growth gains a lot more attention.
Let's see if LABS faces the same hurdles as other companies or maybe are starting to look like the goose that lays the golden eggs.
They say during difficult economic times in the past, nobody gives up booze or their cigarettes and the same holds true for medication.