With many expecting Twitter to disappoint yet again after several quarters in which the company’s stock had a step-down reaction to earnings, moments ago TWTR beat virtually all-non-GAAP estimates, from revenue, to EPS, to EBITDA: TWITTER 2Q REV. $502.4M, EST. $481.9M TWITTER INC 2Q ADJ. EPS 7C, EST. 4C TWITTER 2Q ADJ. EBITDA $120M, EST….
Yelp Inc (NYSE:YELP) released its second quarter earnings report after closing bell tonight, posting adjusted earnings of 12 cents per share on revenue of $133.9 million a 51% increase year over year. Analysts were expecting earnings of 1 cent per share and revenue of $133.4 million. In last year’s second quarter, Yelp posted earnings of 4…
Fear Has Lots Of Company As we noted in “What Do 1987, 2003, 2009, And 2015 Have In Common?”: When investor sentiment reaches extreme levels, it can be a contrary indicator for the stock market. For example, the highest bullish reading in the history of the American Association Of Individual Investors (AAII) Sentiment Survey was 75%…
US equities had a nice bounce today, especially the SP 500, as compared to the tech heavy NDX. The next two moves will tell us quite a bit more about this. And especially the NDX which had led the way higher in the last rally which recently crested with the IPO of Paypal. You have…
They say that money can’t buy happiness. Well, that may or may not be true, but of one thing I am certain: Money buys you options. When you’re looking for stocks to buy, one thing to examine is the so-called “war chest.” See, a company with a lot of cash on hand can expand its…
According to Bloomberg data, the modest year-to-date increase in the S&P 500 is attributable to health care and retail alone. Worse yet, the two industry segments trade at a 20% premium to the market at large. Paying a premium for growth is one thing. Chasing a handful of momentum stocks is another. Brokerage firm Jones Trading…
No Trend Uniformity As John Hussman points out in his most recent weekly missive, the stock market currently reflects all the characteristics observed near previous major market peaks. Apart from the more obvious ones, such as overvaluation and lopsidedly bullish sentiment which have been with us for some time, the market’s internals continue to deteriorate. This…
Written by Doug Short and Steven Hansen The Conference Board Consumer Confidence Index significantly declined nearly nine points from the 99.8 reported last month. The market expected this index to come in at 97.0 to 102.0 (consensus 99.6) versus the 90.9 reported. This index has now improved to a point that its level is now commenserate with periods…
Yesterday the Dow Jones Industrial Average (DJIA) broke below its early July low. At the same time the Dow Jones Transportation Average (DJTA) held above its early July low. Since the top in the transports last December they have led the industrials lower. Yesterday broke that trend. It now appears that DJIA is catching down…
BP p.l.c. (BP) is the holding company of one of the world’s largest petroleum and petrochemicals groups. Their main activities are exploration and production of crude oil and natural gas; refining, marketing, supply and transportation; and manufacturing and marketing of petrochemicals. They have a growing activity in gas and power and in solar power generation….
