What sterling's slump means for Britain's housing market
Despite the third quarter earnings beat, the company's lower guidance is cause for concern with the housing market suffering as interest rates rise.
The "three stocks to avoid" in my column last week that I thought were going to lose to the market -- Stitch Fix, Lennar, and Coinbase Gloal (NASDAQ: COIN) -- fell 11%, rose 2%, and sank 16%, respectively, averaging out to a 8.3% decline. One of the companies reporting fresh financials this week is Cracker Barrel Old Country Store. Analysts see a reasonable 7% year-over-year revenue increase, but earnings per share is expected to plummet 38%.