Jim Cramer Says Buy Casey's General Stores, But 'Take Profits In Wendy's'

Casey's Likely To Report Higher Q1 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Casey’s General Stores will report Q1 earnings Sept. 8; analysts expect EPS of $6.81 and revenue of $5.56B, with mixed ratings.

JP Morgan Maintains Neutral on Casey's General Stores, Lowers Price Target to $833

JP Morgan analyst Thomas Palmer maintains Casey's General Stores (NASDAQ:CASY) with a Neutral and lowers the price target from $975 to $833.

Seeking Clues to Casey's (CASY) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics

Casey's General Stores is expected to report Q1 earnings of $6.59 per share (up 14.2% YoY) with revenues of $5.65 billion (up 23.8% YoY). Key metrics show strong fuel sales growth at 44.2% YoY, store expansion to 2,968 locations, and modest growth in other segments. However, the stock has underperformed with a -9.9% return over the past month and carries a Zacks Rank #4 (Sell) rating.

Oil Surges, Treasury Yields Climb a Fifth Day, Software Retreats: Stock Market Today

The 10-year Treasury yield hit a 19-month high and crude jumped above $88 as traders lifted Fed rate-hike odds to 68%, cracking high-multiple software stocks.

Shares of electrical equipment-related companies are trading lower, possibly alongside an AI-related selloff due to inflation fears and soaring bond yields.

Jim Cramer Calls Summit Therapeutics A 'Great Spec,' Recommends Buying This Consumer Cyclical Stock

"Mad Money" host Jim Cramer recommends buying Carvana and Summit Therapeutics. Reddit "surprised" him. Here's why.