“Elevator operators and secretaries were buying on margin!” –My father on the run-up to the Crash of 1929. Lost in the news over Greece’s status in the Eurozone is that investors in China’s stock market have seen a stock market crash around 30% in a few weeks. The government has tried desperate measures to halt…
Three powerhouse tech firms reported quarterly earnings after the bell Tuesday: Apple (AAPL – Analyst Report), Microsoft (MSFT – Analyst Report) and Yahoo (YHOO –Analyst Report). All three had fair-to-good results, but late-market trading took down share prices for each firm. Apple posted another impressive quarter with $1.85 per share on $49.6 billion in sales in fiscal Q3 2015, a beat…
Yahoo! Inc. (NASDAQ:YHOO) released its second quarter earnings report after closing bell tonight, posting non-GAAP earnings of 16 cents per share on $1.24 billion in revenue. Analysts had been expecting earnings of 18 cents per share and revenue of $1.03 billion. In last year’s second quarter, the company posted earnings of 37 cents per share and…
Seriously if you have a billion dollar gold position, why would you sell it a 2:00 am on a Sunday morning when the markets only have $100,000 dollar value bids? Well no human would do that, but a govt would. However the fix for lower prices is lower prices. The massive open interest built up…
Apple is important. Perhaps the most important company not only for the Dow Jones, but because it also happens to be the largest company by market cap, in the world. As such nobody will be happy that moments ago AAPL reported results which were in a word, lousy. It wasn’t so much the earnings, because…
SuperBull Club RBC Capital Markets chief U.S. market strategist Jonathan Golub joined the SuperBull Club today. Golub says Years Left to Go in S&P 500 Bull Market. The U.S. economy’s slow recovery may extend another six years, potentially doubling the duration of the bull market in equities, according to RBC Capital Markets chief U.S. market strategist…
“The more I look at it, the less benign this bailout deal appears. Indeed it looks to me as if it was set up to do considerable damage to the Greek economy. Once this becomes apparent, Greeks are surely likely to change their minds about staying in the Euro. And I’m afraid I think this…
GoPro, Inc. (NASDAQ:GPRO) released its second quarter earnings report after closing bell tonight, posting adjusted earnings of 35 cents per share, a 72% year over year increase, on revenue of $419.9 million. Analysts had been expecting earnings of 26 cents per share and revenue of $395.22 million. In last year’s second quarter, the action camera…
Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their method. There is, however, a general belief that there are four big indicators that the committee weighs…
Assuming there are no complete breakdowns or abrupt U-turns among Greek and/or German lawmakers, it appears as though formal discussions on the new Greek bailout package will commence and, in all likelihood, the country will enter a new €86 billion program. A large portion of the funding will come from the ESM – Europe’s rescue…
