The deluge of earnings continues, with these five big names set to report tomorrow. Under Armour (UA) Consumer Discretionary – Textiles, Apparel & Luxury Goods | Reports October 22, before the open. Estimize is currently expecting EPS of $0.45, one cent higher than Wall Street’s consensus. Revenues are also slightly higher at $1.181B vs. the…
Founded in 1988, Paradise, Nevada-based Las Vegas Sands Corp (LVS) is an American casino and resort operating company and a leading global developer of destination properties. The company owns The Venetian Resort Hotel Casino and The Palazzo in Las Vegas as well as Marina Bay Sands in Singapore and several properties in Macau. Currently, Las Vegas Sands…
Rising economic inequality tends to generate political instability for all the obvious reasons: the rich get richer, the poor get poorer, the rich say let them eat brioche and next thing you know, the ungrateful wretches are tearing down the Bastille and a youthful army officer has to restore order with a whiff of grapeshot. After which he launches…
Although the trade numbers from Japan were below forecasters projections the street was abuzz with speculation of further BOJ intervention and so we saw the Nikkei close up 2% today. The same could not be said for Shanghai (closed down 3.5%) whilst the HSI was closed for a public holiday. European Indices really could not decide on direction but after…
ECB interest rate day During the session on Thursday, the European Central Bank has an interest rate decision and rate statement following that could move the markets. With this being the case, we pay quite a bit attention to the Euro in general, but recognize that there are other trading opportunities out there. WTI Crude…
Founded in 1850, New York City-based American Express Co (AXP) is an American financial services company best known for its prestigious credit card business. The company is also one of the 30 components of the Dow Jones Industrial Average. Currently, American Express has a Zacks Rank #3 (Hold) but that could change following its fiscal third quarter…
One of my four favorite long ideas in 2011 was Madoff bankruptcy claims at $0.30. They had significant upside due to the potential for additional recoveries from early investors. Anyone who bought up to $348,300 of such claims at that price will be paid $1,161,000 for a gain of $812,700 per person. Here are additional details….
AT&T (T) reports its first quarterly results including DirecTV this week. We think the cost synergies management expects to generate from the deal over the next three years are reasonable – greater negotiating power to buy content at cheaper rates, marketing synergies, more concentrated truck-rolls to service customers, supply chain benefits from set-top boxes, less…
Introduction In late 2008, I wrote a series of articles with my students at the University of Palermo’s Business School in Buenos Aires. The articles examined the economic impact of the global depression started in 2008 on a selection of Latin American countries. On Brazil, my co-authors (Roberto Flamini and Paula Gomez) and I concluded: “The…
Gold and silver were hit by some fairly deliberate selling between 9 and 10 AM Eastern US time as you can see. After that, it was largely a sideways move with a slight upward drift. Things are still playing out pretty much as I had expected, and I continue to wait for this to play…
