Monthly Archives: August 2015

Box’s Miserable Breakdown

Every single person who has ever bought BOX in the public market is looking at a loss (which is becoming a trend these days with recent IPOs). I mentioned BOX here on Slope any number of times, bemoaning the fact I couldn’t find any shares to short. It’s a shame…..  

The Revenue Recession

What do General Motors(GM), JPMorgan Chase (JPM), Microsoft (MSFT), IBM (IBM), Proctor & Gamble (PG), Citigroup (C), Johnson & Johnson (JNJ), Coca-Cola (KO), Oracle (ORCL), and Caterpillar (CAT) all have in common? 1) They are among a long list of S&P 500 companies with negative year-over-year revenue growth. 2) They are not in the Energy sector. With…

Archer Daniels Q2 Earnings Miss, Strategic Plans On Track

Archer Daniels Midland Company’s (ADM – Analyst Report) adjusted earnings of 60 cents per share for second-quarter 2015 dipped 24% year over year and also fell short of the Zacks Consensus Estimate of 65 cents. Excluding timing effects, adjusted earnings per share came in at 58 cents. Archer-Daniels-Midland Company – Earnings Surprise | FindTheBest On a reported…

Technically Speaking: Stocks Stall, Bonds Rally

In last week’s technical update entitled “A Sellable Rally” I stated: “As shown in the chart below, the recent market ‘sell-off’ exhausted the “sellers” in the market on a very short-term basis. This ‘oversold’ condition (yellow highlights) provides the catalyst necessary for a reflexive bounce in the market.” Click on picture to enlarge Any rally that occurs…

Laszlo Birinyi Projects S&P 3,200 Within 2 Years, Squeaks 

“It’s all noise,” squeaks Laszlo Birinyi, deflecting concerns about revenues, earnings, Europe, China, commodities, and rates as he unleashes his latest extrapolation. “If we continue to grow at 11bps per day, the S&P will be at 3,200 within 2 years,” he warbles as he hopes his ruler – which missed its 2013 projection by 1100 points – is forecasting better…

Bull Of The Day: AGCO

In spite of several industry headwinds, AGCO (AGCO – Analyst Report) managed to deliver a solid ‘beat and raise’ on July 28. This led to a flurry of positive earnings estimate revisions, which sent the stock to a Zacks Rank of 1 (Strong Buy). AGCO, which makes agricultural equipment like tractors and combines, is facing significant challenges from falling…

SOX-SPX & RUT-SPX

SOX-SPX is still down below the channel.  While the book-to-bill data have been firm (through June), the Semi index is starting to act like it would like to be in line with 2013 bullish running mate PALL-Gold, which is now bearish. Click on picture to enlarge As for former leader RUT, it is just too…