Did you know that the percentage of children in the United States that are living in poverty is actually significantly higher than it was back in 2008? When I write about an “economic collapse”, most people think of a collapse of the financial markets. And without a doubt, one is coming very shortly, but let…
As July marches on and uncertainty in the markets reign, all I can think about is where to deploy my fresh capital all the while ignoring the market headlines which always seem to result in knee jerk reactions in stock prices. It seems that every week or two a new crisis dominates the headlines. We…
Illumina (ILMN – Analyst Report) Inc. is a biotech company that specializes in genetic sequencing. Using their resources, the company has mapped gene variations associated with health, disease, and drug responses. The company is a global leader in genomics. Volume has been higher than usual for the stock today. There has been some selling…
Unleash the talking head spin… Yahoo misses and cuts guidance… *YAHOO 2Q ADJ. EPS 16C, EST. 19C *YAHOO SEES 3Q ADJ. EBITDA $200M-$240M, EST. $279.7M *YAHOO SEES 3Q REV EX-TAC $1B-$1.04B, EST. $1.07B Microsoft beat bottom, missed top line… *MICROSOFT 4Q ADJ. EPS 62C, EST. 58C *MICROSOFT 4Q UNEARNED REV. $25.32B, EST. $25.96B Chipotle beat…
We are 3 weeks away from the 13F filing deadline but it seems like hedge funds are exiting their bets in favor of other mega-cap tech companies. On Monday we reported that Patrik Brummer’s Swedish hedge fund sold his Apple Inc. (NASDAQ:AAPL) stake and made Alibaba (BABA) and Google (GOOGL) its top two picks. Today we…
A bad day for earnings, with IBM, United Technologies and Apple all disappointing. With indices at highs (or just shy of resistance) it was going to be a day of easy selling. With technology particularly hard hit, the Nasdaq did well to cling on to its upside breakout, but given Apple’s earnings were after hours…
“Elevator operators and secretaries were buying on margin!” –My father on the run-up to the Crash of 1929. Lost in the news over Greece’s status in the Eurozone is that investors in China’s stock market have seen a stock market crash around 30% in a few weeks. The government has tried desperate measures to halt…
Three powerhouse tech firms reported quarterly earnings after the bell Tuesday: Apple (AAPL – Analyst Report), Microsoft (MSFT – Analyst Report) and Yahoo (YHOO –Analyst Report). All three had fair-to-good results, but late-market trading took down share prices for each firm. Apple posted another impressive quarter with $1.85 per share on $49.6 billion in sales in fiscal Q3 2015, a beat…
Yahoo! Inc. (NASDAQ:YHOO) released its second quarter earnings report after closing bell tonight, posting non-GAAP earnings of 16 cents per share on $1.24 billion in revenue. Analysts had been expecting earnings of 18 cents per share and revenue of $1.03 billion. In last year’s second quarter, the company posted earnings of 37 cents per share and…
Seriously if you have a billion dollar gold position, why would you sell it a 2:00 am on a Sunday morning when the markets only have $100,000 dollar value bids? Well no human would do that, but a govt would. However the fix for lower prices is lower prices. The massive open interest built up…
