Savvy Trades and Investments

[hweb2]

Nice buy on RGP. Stock already hit $20 this morning. Seems fairly valued in this shaky market, so I sold. Unfortunately I trimmed into the report after buying a bunch last month below $17. Great numbers although they're looking for sequential declines in the current quarter. From the CC yest-

"Now, I’ll close with our third quarter outlook. While we continue to monitor the impact of Omicron and evolving dynamics in the labor market, we’re very pleased with the overall momentum in the business. We expect to see the typical seasonality in the third quarter in our revenue, gross margin and SG&A, including the impact of holidays across the globe, and in certain cases, extended holiday shutdowns as some of our large clients, as well as a reset of payroll taxes at the beginning of the calendar year.

Taking into account these factors, we expect revenue in Q3 to be in the range of $192 million to $197 million, gross margin to be in the range of 37% to 37.8%, and run rate SG&A to be in the range of $53 million to $56 million."