Why We Just Sold Half of Our Stocks
We've already sold all or part of 52 different stocks this year - more than any other period in our firms' history. That's because there are five cracks forming below this market that threaten us with a widespread collapse. We could see the market tumble by 50% and unemployment will triple.
Financials
| Profit Margin | 0.06 |
| Return on Assets | 0.09 |
| Revenue | 5,271,112,192 |
| Earnings Per Share | 1.98 |
| Revenue Per Share | 35.97 |
| Gross Profit | 1,996,977,000 |
| Quarterly Revenue Growth | 0.11 |
General
| Name | The Michaels Companies, Inc |
| Ticker | MIK |
| Exchange | NASDAQ |
| Sector | Consumer Cyclical |
| Industry | Specialty Retail |
| Currency | USD |
| Country | USA |
| Fiscal Year End | February |
| Full Time Employees | 11,000 |
About The Michaels Companies, Inc
The Michaels Companies, Inc. owns and operates arts and crafts specialty retail stores for hobbyist and do-it-yourself home decorators in the United States and Canada. It operates Michaels stores that offer approximately 45,000 basic and seasonal stock-keeping units in arts, crafts, framing, floral, and home décor and seasonal merchandise. The company also provides private brands, including Recollections, Studio Decor, Bead Landing, Creatology, Ashland, Celebrate It, ArtMinds, Artist's Loft, Craft Smart, Loops & Threads, Simply Tidy, Make Market, Foamies, LockerLookz, Imagin8, and other sub-brands. In addition, it owns and operates Artistree, which supplies precut mats and custom framing merchandise. As of January 30, 2021, the company operated approximately 1,252 Michaels retail stores in 49 states and Canada. It also serves customers through Michaels.com, Canada.Michaels.com, and michaelscustomframing.com websites, as well as through its Michaels app. The company was incorporated in 1983 and is headquartered in Irving, Texas.
Earnings
Europe's Airbus to lay off 2,500 as it tries to turn around its space and defense division
European aircraft maker and Boeing rival Airbus said Wednesday that it was laying off 2,500 workers as it tries to turnaround its struggling defense and space division.
Tesla CEO Elon Musk To Campaign For Trump In Pennsylvania, Asks Attendees To Support Free Speech: 'There's No Attendance Fee'
Billionaire Elon Musk said on Tuesday that he would give "a series of talks" through Pennsylvania starting from Wednesday night through Monday, as part of his campaigning for Republican presidential candidate Donald Trump.
Man Who Predicted Trump Win Issues Shocking New Election Prediction - Ad
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Nvidia, Apple, And Microsoft In Race For $4 Trillion Market Cap: 'Stage Is Set For Tech Stocks For Another 20% Move Higher In 2025'
The tech industry is witnessing fierce competition among Apple Inc, Microsoft Corp, and NVIDIA Corp as they vie to reach a $4 trillion market cap. This race is expected to intensify in the next 6-9 months.
Vance Vs. Walz: Flash Poll Picks This Candidate As Tuesday's Debate Winner, But He Falls Short In Favorability Rating
The vice presidential debate was far from being confrontational and the two sides avoided personal attacks and deliberated mainly on policies.
Gold at $2,600... But This Stock Gives You More for Under $20 - Ad
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Court throws out manslaughter charge against clerk in Detroit gas station shooting
DETROIT (AP) — The Michigan Court of Appeals threw out a manslaughter charge against a Detroit gas station clerk who locked the door before an , killing one.
Edmunds: The most reliable used vehicles under $15,000
Buying a reliable used car, truck or SUV on a $15,000 budget is easy if you know what to look for. Edmunds’ experts have done that homework for you so you can start your search with the five recommended models listed below. RepairPal, a network of automotive repair shops, gives each one a high score for overall reliability. The vehicles also have favorable consumer reviews on Edmunds.
The Great Crypto Frenzy 2.0 Is About to Start - Ad
Bitcoin is about to go off on a FINAL bull run. And when it does, the prediction is these 3 inexpensive Altcoins... Will ride the last Bitcoin bull... And vastly exceed Bitcoin's gains.
UK inflation falls to lowest level in over 3 years, cementing expectations for another rate cut
LONDON (AP) — Inflation in the U.K. has fallen to its lowest level for more than three years, official figures showed Wednesday, a drop that has cemented market expectations that the Bank of England will lower interest rates at its next policy meeting.
Larry Hogan Says Trump Questioning Kamala Harris' Intelligence 'Outrageous And Unacceptable': He Is His Own 'Worst Enemy'
Governor Larry Hogan (R) has publicly condemned former President Donald Trump for his disparaging remarks about Vice President Kamala Harris.
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What's next for oil and gas prices as Middle East tensions heat up?
Oil prices climbed this week as tensions in the escalated. and the Israelis threatened retaliation, raising the possibility of a disruption to the flow of oil from the region. A jump in oil prices automatically spurs fear of a spike in gas prices, but experts see reasons that may not happen.
Poland tightens visa rules as probe confirms previous government's cash-for-visas scandal
WARSAW, Poland (AP) — Poland is tightening its visa regulations as probes into alleged have confirmed which cost the public purse millions of dollars, the foreign minister of this European Union country said Thursday.
Oil Prices Surge Due to Israel-Iran Conflict - Ad
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North Carolina town that produces quartz needed for tech products is devastated by Helene
SPRUCE PINE, N.C. (AP) — Two North Carolina facilities that manufacture the high-purity quartz used for making semiconductors, solar panels and fiber-optic cables have been shut down by with no reopening date in sight.
Cathie Wood's Ark Invest Dumps Palantir Shares Amidst S&P 500 Inclusion And Extended AI Alliance
Cathie Wood's Ark Invest sold shares of Palantir on the day the company was included in the &P500. The sale came also as Palantir announced a multi million dollar extension of its deal with APA Corp on Sept. 25, 2024.
All Hell Will Break Loose Oct. 30 at 9:30am - Ad
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Pete Buttigieg And Elon Musk Clash Over Hurricane Aid Flight Claims
Department of Transportation Secretary Pete Buttigieg took aim at Elon Musk on Friday over allegations that federal authorities hindered flights delivering aid to Hurricane Helene victims.
Ex-Microsoft CEO And Billionaire Steve Ballmer Says He Gets 'Most Important Stuff' From Elon Musk's X: 'I Wanna Know Straight From The Source'
Steve Ballmer, the former CEO of Microsoft and current owner of the Los Angeles Clippers, has declared Elon Musk-owned social media platform X as his go-to source for news.
Investor Alert: The Superfuel Critical to the AI Revolution! - Ad
This superfuel could easily be the trade of the next two decades! Prices keep climbing and are projected to do so well into the 2030's as demand intensifies. Uncover the tiny company that could be at the center of it all.
Home cookin': Diners skipping restaurants and making more meals at home as inflation trend inverts
NEW YORK (AP) — Eating in is in and eating out is out.
Alibaba, Nvidia, Riot Platforms, Celsius Holdings, Tesla: Why These 5 Stocks Are On Investors' Radars Today
On Monday, major U.S. indices saw declines, with the Dow Jones Industrial Average slipping 0.9% to 41,954.24, while the S&P 500 dipped nearly 1% to 5,695.94. The Nasdaq dropped 1.2% to 17,923.90. These are the top stocks that gained the attention of retail traders and investors throughout the day:
The Crypto Whisperer Just Sounded the Alarm - Ad
Ian King just made a surprise prediction that these 3 cryptos will take off immediately after the election. Today, Ian predicts one specific event will send Bitcoin on one final bull run...And when it does...Three specific "alt" coins will ride the Bitcoin bull...Far exceeding Bitcoin's gains.
Bacon hogs the spotlight in election debates, but reasons for its sizzling inflation are complex
She blames greedy companies for price-gouging. He blames the Biden administration’s economic policies.
David Roche Warns Of Market Instability From Fed's 50-Basis Point Cut: 'US Economy Is Robust...Does Not Need Rock Bottom Interest Rates'
Addressing employment, Roche noted that while the job market has softened, it has not resulted in significant layoffs.
New "Living Missile" to Replace Nuclear Missiles - Ad
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
This Homebuilder Is Slashing Prices In Key Cities Where Prices Soared The Most
In response to changing market conditions in Florida and Texas, leading homebuilder KB Home (NYSE: KBH) has decided to slash home prices in Austin, San Antonio, Orlando, and Jacksonville.
Amazon Shutters 3 More Cashierless Go Stores In New York: Report
Amazon has closed three more Go stores in New York, reducing the total number to 17 nationwide, as part of its ongoing shift away from its cashierless convenience store model featuring "Just Walk Out" technology.
Wall St. Icon: Looming Financial Tsunami Will Wipe Out the 1% - Ad
Wall Street icon who forecasted Black Monday and dot-com crash says a new economic event will hit the American economy like a tsunami. It doesn't matter if you're blue collar, white collar, working, or retired. He says, "I am literally afraid for my family's future. I'm taking drastic steps to prepare for what I know will inevitably happen next."
Speaker Johnson lays out agenda for Republicans as they fight to hold House majority
WASHINGTON (AP) — Speaker laid out on Tuesday a policy agenda should Republicans take the majority next year that extends the tax cuts approved when was president, reduces the size of the federal workforce and gives parents more choice on where they can send their children to school.
Amazon says new technology in delivery vans will help sort packages on the fly and save time
Amazon has revealed new technology that it says will help delivery drivers avoid organizing packages at stops or manually check to see if they have the right parcel for each delivery.
Bill Gates' Mysterious New AI Project Revealed - Ad
Tech expert Jeff Brown uncovers Bill Gates' latest AI project, Stargate, which Forbes claims could reshape everything we think we know about our world.
Social Security's scheduled cost of living increase 'won't make a dent' for some retirees
WASHINGTON (AP) — Sherri Myers, an 82-year-old resident of Pensacola City, Florida, says the Social Security cost-of-living increase she'll receive in January “won't make a dent” in helping her meet her day-to-day expenses.
JD Vance, Tim Walz Debate Sets A Different Tone, Candidates Discuss Israel-Iran Escalation, Immigration And Economic Agendas: 'If Kamala Harris Has Such Great Plans …'
Republican Senator JD Vance and Minnesota Governor Tim Walz clashed on immigration, climate change, and economic policy during the only vice-presidential debate of the 2024 election cycle, highlighting their sharp contrasts on issues like mass deportation, energy production, and Trump's economic record.
You're About to Lose the Majority of Your Wealth - Ad
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Chinese Stocks Dominate - JD.com And Temu Parent PDD Are Among Top 10 Large Cap Gainers Last Week (Sept 23-Sept 27): Are The Others In Your Portfolio?
China's central bank announced stimulus plans, boosting US-listed Chinese stocks. Top performers include JD, BEKE, PDD, LBRDA, YUMC, HTHT, TCOM, NIO, WYNN, BIDU, BABA, and LI.
Labor Market Surprises With Strength, Energy Stocks Rally On Israel-Iran Tensions, Chinese Tech Giants Rebound: This Week In The Markets
Stocks mostly flat as traders cautious amid Middle East tensions and strong U.S. jobs report.
Don't Tell ANYONE About This Altcoin (Until It Pops)... - Ad
Quiet now! This governance token could be the sleeping giant of the crypto world... In the next bull market, this "DeFi 2.0" powerhouse might soar 10x... 50x... perhaps even 100x.
Profiles in clean energy: Former Shell VP helps create a new way of making clean electricity
When Cindy Taff was a vice president at the giant oil and gas company Shell in Houston, her middle schooler Brianna would sometimes look over her shoulder as she worked from home.
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