Allergan released its latest earnings report before opening bell this morning, posting non-GAAP earnings of $4.41 per share, a 29% increase year over year, on $5.76 billion in revenue, a 116%. Analysts had been expecting earnings of $4.40 per share and revenue of $5.71 billion. Allergan swings to net loss Allergan reported a GAAP loss…
Shanghai Gold Exchange deliveries at 73.289 tonnes last week 3rd largest week of gold withdrawals ever on SGE Both China and India heading for over 1,000 metric tonnes in 2015 … again India imports 96.1 tonnes in May alone ‘Chindia’ imports 296.55 tonnes in May – 14% greater than global production South Korean gold demand…
Wouldn’t it be great to know if a stock is really more – or even less – expensive than it looks from its stock price? In actuality, this is pretty quick and easy to do, and more investors should do it. Here’s how… What a Stock Price Represents A share of stock is a piece…
After BlackBerry (BBRY) reported quarterly results, speculators held the upper hand. Still, they will get tired and will lose the long (duration) game on one condition: future FCF growth. The company’s FCF generation is as good as may be expected. Bears latched on to CEO John Chen’s apparent stumble, not realizing the company is bound…
Weekly Initial Unemployment Claims The market was expecting the weekly initial unemployment claims at 250,000 to 275,000 (consensus 273,000) vs the 270,000 reported. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 274,750 (reported last week as 274,750) to…
Hot stocks of the day: EEM, USO Video length: 00:03:26
3D Systems released its second quarter earnings report before opening bell this morning, posting non-GAAP earnings of 3 cents per share on revenue of $170.5 million, a 13% year over year increase on a reported basis. Analysts had been looking for earnings of 9 cents per share and revenue of $173.9 million. 3D Systems sees…
Oil is on a course to test its $42 lows from March, as I’ve said it would. And the way it’s been falling lately, I wouldn’t be surprised if it happens in the next couple of weeks. There are several ramifications to this. In the long-term it will devastate the global economy as shrinking demand…
The next two months going into September will be both interesting and critical. The Nasdaq Composite (QQQ) made new highs in July, but the S&P500 (SPY) and the Dow Jones Industrials (DIA) failed to exceed May highs. The general consensus is that there will be a rate hike in September and another in December, so if…
Yesterday’s ADP estimate on US private payrolls in July was a bit of a disappointment. Companies added 185,000 workers last month—the smallest gain in three months. The news implies that tomorrow’s official jobs report from Washington for July will also reflect softer growth. Is the weaker-than-expected increase a sign that the labor market’s cooling? Maybe, although the…
