It appears faith in the hyper-growth names is fading. Tesla is down 8% after hours after humans parsed through its various non-GAAP shenanigans and found: *TESLA 2Q ADJ. TOTAL GROSS MARGIN 23.4%, EST. 26.2% *TESLA SEES YR DELIVERIES 50K-55K MODEL S & X; SAW ABOUT 55K Not close to whispor numbers and fears of model…
Tesla Motors Inc (NASDAQ:TSLA) released its second quarter earnings report after closing bell tonight, posting adjusted losses of 48 cents per share on non-GAAP revenue of $1.2 billion. Analysts had been looking for losses of 60 cents per share and $1.19 billion in revenue. In last year’s second quarter, the automaker reported earnings of 11 cents…
As with most IPO’s, Planet Fitness (PLNT: $16/share), home of the $10-a-month gym membership, is going public at a time when business is booming and sentiment is strong. It is one of the largest fitness centers in the country and boasts rapid store, membership, and revenue growth. Management and Wall Street tout plans to keep…
At recent lows around $1075 an ounce, gold has been trading at the lowest price level since February 2020. And, in recent days, the metal has been consolidating in a narrow range just under $1100. Now, it looks to me like gold is poised to break out one way or the other – but the…
Stocks made an heroic attempt to break out this morning. VIX plummeted to below 11. And yet it failed in the afternoon. This market looks tired, and very, very fully priced. Have a pleasant evening. Click on picture to enlarge Click on picture to enlarge Click on picture to enlarge Click on picture to enlarge
With gold’s recent volatility and price drop, we’ve heard a lot of noise from pundits and analysts. Consequently, this seems like a great time to ask certain basic questions about this oft misunderstood market. For example, just how big is the gold market? Where does gold fit into the modern financial landscape? Why does gold…
“Nothing is a buy at any price; almost anything is a buy at some price.” How often do we wonder what a house is worth? All the time. How often do we consider what another housing crash would do to it? Hmmmm…not so much. Most people care only about comparable prices (“comps”) and the…
Back in May, I penned a missive entitled “If You Don’t Like It, Change It” which discussed the pending changes to the GDP calculation by the Bureau of Economic Analysis (BEA). To wit: “Now, for all of you playing the home version of “Nail That GDP Number,” it was just a couple of years ago…
In the weeks before AAPL’s adition to The Dow, the stock soared over 13% (for no good reason). In the almost 4 months since – after some sideways trading – AAPL shares have plunged. The announcement on March 6th, that AAPL would be included in The Dow on March 19th marked the end of exuberance and has…
The stock price of Lumber Liquidators Holdings Inc (NYSE:LL) Holdings plunged more than 27% to $13.30 per share (around 3:24 PM EDT) after reporting losses for the second quarter. The hardwood flooring retailer also announced its expectation that a regulator would file a claim related to the formaldehyde allegations. Lumber Liquidators financial Results Lumber Liquidators posted…
