Michael Kors Holdings Limited (KORS – Analyst Report), a global luxury lifestyle company, came out with first-quarter fiscal 2016 results, wherein earnings of 87 cents per share beat the Zacks Consensus Estimate of 75 cents, and surged from 91 cents in the prior-year quarter. Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2016 has been portraying a downtrend…
From a post on April 2: “Randgold Resources (GOLD) is one of the few senior gold miners I am able to list in NFTRH as a miner of relative quality.” Nothing has changed since then. Beyond Rangold in particular, this is a very interesting interview. There is a lot of information surrounding the gold mining industry now and the…
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…
