we have a weekly stock picking challenge going on here this week (and every week of course lol) it would be awesome to see some of you regulars who chime into these weekly threads and even lurkers (?) participate! lots of earnings reports coming out this week, let's see who can get bragging rights for the week! Stockaholics Weekly Big Board Contest for the Week of (7/18-7/22) in addition we have our usual weekly market sentiment poll that we have here each week ... will this upcoming week end up, down or flat on the cash spx? vote! Weekly SPX Poll - Sentiment (7/18-7/22)
$ES_F #ES_F #SPY levels to watch 2174.25 / / 2167.75 / / 2151 $CL_F #CL_F #USO levels to watch 46.47 / / 44.78 / / 43.12
Early movers: BAC, HAS, CALM, MRK, GRPN, COH, XOM, AAPL, GOOGL & more Bank of America — The bank reported quarterly profit of 36 cents per share, three cents a share above estimates. Revenue also beat forecasts. Profit did fall from a year ago as low interest rates continued to impact the bottom line. Hasbro — The toy maker earned 41 cents per share for its latest quarter, two cents a share above estimates. Revenue beat estimates, as well. Hasbro's results were driven by strong sales of Disney Princess and "Frozen" related dolls as well as "Star Wars" action figures. Cal-Maine Foods — The nation's largest egg producer lost one cent per share for its latest quarter, a much narrower loss than the 19 cents a share analysts were forecasting. Revenue was slightly below estimates, but the company said it was pleased with its results considering the industry is still dealing with the aftermath of 2015's avian flu outbreak. Merck — Merck was downgraded to "market perform" from "outperform" at BMO Capital, which said the risk/reward profile for the drugmaker is now balanced and that fundamentals don't currently justify higher valuations. Arm Holdings — Japan's SoftBank Group struck a deal to by the chip designer and Apple supplier for more than $32 billion in cash. Groupon — Groupon was upgraded to "overweight" from "neutral" at Piper Jaffray, which said the daily deals company is becoming more focused on the products and regions in which it can be successful. Coach — Baird upgraded the handbag maker to "outperform" from "neutral," based on stronger sales prospects and progress by management in transforming the Coach brand. Exxon Mobil — The oil giant is bidding at least $2.2 billion for Papua New Guinea InterOil Corp., trumping an offer from Oil Search Ltd. InterOil issued a release saying it found the Exxon Mobil bid to be superior. Exxon is focused on the abundant natural gas supplies found in Papua New Guinea. Volkswagen — Volkswagen is promising restitution for U.S.-based dealers damaged by the automaker's diesel emissions scandal, according to dealers that met with the company on Friday. Volkswagen will unveil details on the program within a month. Monsanto — Certain Monsanto shareholders want Germany's Bayer to raise its takeover bid to at least $130 per share from the current $125, according to a report in Germany's Handelsblatt. Apple — Apple is proposing a simpler but more expensive music-streaming royalty plan, according to The New York Times. The paper said Apple is proposing a 9.1 cent fee for every 100 times a song is played, which is significantly more than what Spotify now pays. Google — Google has abandoned an internal project aimed at creating a virtual reality headset, according to Recode. Hawaiian Electric — The utility ended its agreement to be bought byNextEra Energy after Hawaiian officials rejected the $4.3 billion takeover deal. Hawaiian Electric is the state's largest corporation. Madison Square Garden — MSG got a positive mention in this weekend's Barron's, which said the sports and entertainment company is worth $275 per share based on its current holdings, well above the current price of $175.42.
How was your weekend @Cy McCaffrey ? Humid as hell! But I did get to spend some time a park with the kids which was a pokestop, got tons of pokeballs!
Woah check out that NFLX AH action... Down 15% ER must have sucked... It was about time with that ridiculous valuation
subscriber aquisition slowed greatly last quarter, and thats basically all holding up NFLX stock. increasing the price and un-grandfathering everyone had an impact they said. i wonder if this will become the trend for them or if this is just a bump in the road?
#ES_F $ES_F #SPY levels to watch 2162.75 // 2151 // 2139.50 #CL_F $CL_F #USO levels to watch 46.47 // 44.78
Early movers: GS, UNH, JNJ, NFLX, PM, CMG, IBM, YHOO, AMZN & more Goldman Sachs — The investment bank scored a 72 cents a share beat, with quarterly profit of $3.72 per share. Revenue also beat forecasts. CEO Lloyd Blankfein said the firm did well across all of its businesses, despite the uncertainty created by Britain's vote to leave the European Union. UnitedHealth — The health insurer earned an adjusted $1.96 per share for the second quarter, seven cents a share above estimates. Revenue also beat forecasts. The company narrowed its full-year adjusted earnings per share forecast to $7.80 to $7.90, compared to the current consensus estimate of $7.89 a share. UnitedHealth was helped by customer additions in its pharmacy benefit management business, as well as other units. Johnson & Johnson — The medical and consumer products maker beat estimates by six cents a share, with quarterly profit of $1.74 per share. Revenue was also above estimates, and J&J raised its full-year forecast, as well. The company's results were helped by strong sales in the U.S. market, helping to overcome currency fluctuations and other negative factors. Netflix — Shares are under pressure after the company reported a slump in subscriber growth following a May price increase. The video streaming service did post quarterly profit of nine cents per share, seven cents a share above estimates. Revenue matched forecasts, but investors appear solely focused on the subscriber growth slowdown. Philip Morris International — The tobacco producer fell five cents a share shy of estimates, with quarterly profit of $1.15 per share. Revenue also missed estimates. The company said it was impacted by shipment declines in certain markets, but added that it expects growth to be skewed toward the second half of the year and the fourth quarter in particular. Chipotle Mexican Grill — The restaurant chain's stock was upgraded to "outperform" at CLSA, which sees better customer traffic, as well as future benefits from its summer loyalty program. IBM — IBM reported adjusted quarterly profit of $2.95 per share, six cents a share above estimates. Revenue was slightly above forecasts. IBM did post its 17th straight quarter of declining revenue, but the company's strategy shift toward high-growth areas, such as cloud and mobile computing, is beginning to show in the top and bottom lines. Yahoo — Yahoo earned an adjusted nine cents per share for its latest quarter, missing estimates by a penny a share. Revenue exceeded forecasts. The earnings report is likely to be overshadowed by the conclusion of the bidding process for Yahoo's internet assets, with winning bidders expected to be announced within days. Baidu — The China-based online service is being investigated over gambling ads, according to the Financial Times. The paper said stealth banner ads for online gambling are showing up on Baidu only at night. Volkswagen — The automaker will be the target of a new lawsuits by three states — New York, Maryland, and Massachusetts — with details to be unveiled today. The lawsuits involve accusations of violating environmental laws and allegedly defrauding regulators. Novartis — Novartis said full-year profit may decline due to increased marketing spending by the drugmaker for its new heart failure drug Entresto. Novartis did report better-than-expected earnings for its latest quarter, but initial sales for Entresto were lower than analysts had been expecting. Monsanto — Monsanto is negotiating terms of a confidentiality pact with Germany's Bayer, according to Reuters, as the drugmaker seeks to convince Monsanto to accept its $125 per share takeover offer. Viacom — Chief Executive Philippe Dauman and Chief Operating Officer Thomas Dooley have sent letters reserving their right to resign "for good reason," in a move that protects their potential severance pay. Regulatory filings show the two are reserving their right to resign if a judge approves founder Sumner Redstone's move to remove five directors, including Dauman, from Viacom's board. Ericsson — Ericsson announced more cost-cutting moves, following weaker-than-expected second-quarter profit. The telecom equipment maker, which previously had announced moves to increase efficiency, said its latest moves were aimed at doubling its savings in operating expenses. Amazon.com — Amazon is in talks to finance Woody Allen's next movie, according to the Hollywood Reporter. The movie is said to have an expected budget of $25 million.
Funny how I get so much request for the FANG names... Well here w go Facebook AMZN Netflix GOOGL Facebook and Google and in chop on the higher time frames. Facebook has higher lows and higher highs but we are just grinding away. Netflix was also grinding with lower highs and resolved Amazon is probably the best looking one. High beta yes but what is all the hype about?
Long term, If interest rates in the USA ever normalize back to just 2% (below the 10 and 20-year average), setting a 2 by 1spread between a short TLT position vs. long BAC or a regional bank (with the least exposure to the south) may prove to be a good trade. Although, I don't know how comfortable I'd be holding onto a bank stock when its virtually impossible to asses what many of these banks are really worth. When BAC bought Countrywide, it basically took on as the biggest mortgage lender in the country. Then again, many of these banks just issued generous buy back programs lately, so for now, it may be safe to jump in with one foot.
