Staples Tanks on Difficult First Quarter, Maintains Guidance
May 22 2013 10:47 AM
Staples (NASDAQ: SPLS [FREE Stock Trend Analysis]) is down on Wednesday after coming up short on first-quarter earnings and revenue. The Framingham, Massachusetts-based firm's EPS declined over seven percent to $0.26, just missing the $0.27 analysts wanted to see. Revenue dropped three percent year-over-year to $5.8 billion, missing the $5.91 billion Wall Street consensus.
Finding Opportunity Far and Near
May 20 2013 4:13 PM
Samuel Johnson once said, “The use of traveling is to regulate imagination by reality, and instead of thinking how things may be, to see them as they are.” Although penned by an 18th century English writer, the idea holds true in today’s highly connected world of search bars, tweets and breaking news. Our portfolio managers’ research trips to foreign countries authenticates the data from a Bloomberg terminal or an earnings report.
Yahoo Jumping on the Startup Acquisition Bandwagon
May 20 2013 1:12 PM
AOL Inc.(NYSE: AOL [FREE Stock Trend Analysis]) has Huffington Post. Google Inc. (NASDAQ: GOOG) has YouTube. Facebook Inc. (NASDAQ: FB) has Instagram. And now, Yahoo Inc. (NASDAQ: YHOO) is getting a startup of its own as well. The Wall Street Journal reported Sunday that Yahoo’s board approved $1.1 billion to acquire Tumblr. Acquisition of the popular blogging and social networking site is Yahoo CEO, Marissa Mayer’s biggest deal since taking over at Yahoo in 2012. It is seen as an image upgrade for an Internet company that has lost some luster in recent years.
How to Spot & Time Stock Market Tops
May 14 2013 8:19 AM
May 13th, 2013 at 7:34 pmSince the middle of April everyone and including their grandmother seems to have been building a short position in the equities market and we know picking tops or bottoms fighting the major underlying trend is risky business but most individuals cannot resist. The rush one gets trying to pick a major top or bottom is flat out exciting and that is what makes it so darn addicting and irresistible. If you have ever nailed a market top or bottom then you know just how much money can be made. That one big win naturally draws you back to keep doing it much like how a casino works. The chemicals released in the brain during these extremely exciting times are strong enough that even the most focused traders fall victim to breaking rules and trying these type of bets/trades. So if are going to try to pick a top you better be sure the charts and odds are leaning in your favor as much as possible before starting to build a position. Below are a few charts with my analysis and thoughts overlaid showing you some of the things I look at when thinking about a counter trend trade like picking a top within a bull market.
Sony to Increase LCD TV Shipments by 19%
May 13 2013 12:25 PM
After experiencing several years of losses in television manufacturing, Sony (NYSE: SNE [FREE Stock Trend Analysis]) hopes to turn things around by shipping 16 million televisions during the fiscal 2013 sales period.
Correction near but Bull Market has LONG waves to Go!
May 13 2013 8:16 AM
The SP 500 has been on a tear as we all know especially since the SP 500 bottomed at 1343 several months ago. My work centers around forecasting using Elliott Wave Theory along with other technical indicators. This helps with projecting the short, intermediate, and longer term paths in the stock market and also precious metals. This larger picture Bull Cycle started in March of 2009 interestingly after an exact 61.8% Fibonacci retracement of the entire move from 1974 to 2000 lows to highs. At 666, we had completed a major cycle bottom with about 9 years of movement to retrace 26 years of overall bull cycle. That was a major set of 3 waves (Corrective patterns in Elliott Wave Theory) from the 2000 highs to 2002-3 lows, then 2007 highs to 2009 lows. Once that completed its work, we were free to have a huge new bull market cycle off extreme sentiment and generational lows.
Euro Under Pressure After Spanish Debt Auction
May 10 2013 8:23 AM
The euro lost ground on Friday morning after investors looked to take profits on the common currency's two day rise. The euro traded at $1.3013 on Friday morning. A Spanish debt auction on Thursday was considered smooth by most as the nation was able to raise more than its maximum target of 4.5 billion euros. The Spanish Treasury sold 4.57 billion euros worth of debt, and will return to the market for another sale next week.
Yahoo Wants Hulu to Take Down the Netflix and YouTube Empires
May 08 2013 3:25 PM
If you can't beat 'em, buy 'em. If you can't buy 'em, acquire one of their competitors and hope for the best. That has been the strategy of Yahoo (NASDAQ: YHOO [FREE Stock Trend Analysis]), which has been on the lookout for a snazzy YouTube clone ever since Google (NASDAQ: GOOG) acquired the real YouTube and turned it into the world's largest streaming video site. Yahoo tried and failed to acquire YouTube's little brother, AKA Dailymotion. The French-owned video site is one of the largest of its kind, especially in Europe, gaining 116 million unique monthly visitors. It is estimated to be worth $300 million.
Windows 8 Surpasses 100M Users in Six Months
May 07 2013 12:18 PM
During the first 30 days at retail, Microsoft (NASDAQ: MSFT [FREE Stock Trend Analysis]) sold 40 million Windows 8 licenses. Now, six months after arriving on Best Buy (NYSE: BBY) store shelves (among many other retailers), Windows 8 has crossed a new milestone.
Don't Sell in May: Here are Reasons to Extend Your Stay
May 06 2013 6:10 PM
During the first week of May every year, the maxim, “Sell in May and Go Away,” gets taken out, dusted off and powered up as a reason to sell stocks. The rhyme is more than just a catchy urban legend: June, July, August and September have historically been the weakest months of the year for the S&P 500 Index. Yet even if seasons trigger certain events, when the snow falls in Minnesota in May, Midwesterners need to throw on their winter gear and roll out snowblowers, not lawnmowers. Consider this encouraging research: The S&P 500 has been rallying for six months in a row, which has happened 48 times since 1950. Following these six-month winning streaks, stocks have historically continued rising. Sixty percent of the time, the S&P 500 climbed 0.79 percent over the next month; 84 percent of the time, stocks increased 3.50 percent, 7.77 percent and 11.77 percent the next three, six and 12 months following the streak.
Stock Preparing for Pullback, Buy Bad News, Sell the Good
May 03 2013 10:57 AM
May 3rd, 2013 at 10:43 amThe SP500 remains in a strong uptrend, but the index has posted a sizable gains for 2013 thus far so it’s only logical that a pullback within this bull market takes place sooner than later. With May now upon us and historically prices fall more times than not I feel a 3-4 weeks correction is on the verge of starting. This Friday we just had very strong economic numbers confirming the economy is recovering. This news has sent stocks sharply higher as shorts cover their positions and investors who are not yet long get into position to profit from higher prices. But the herd psychology and their trades are typically incorrect as they invest based on fear and greed. The old saying is buy on negative news and sell on positive news will typically get you on the correct side of the market more times than not if used with price, volume and cycles.
LinkedIn Plunges After Q1 Results; Outlook Weak
May 03 2013 8:19 AM
LinkedIn (NASDAQ: LNKD [FREE Stock Trend Analysis]) released its fiscal first-quarter earnings results after the closing bell on Thursday. The company reported both earnings and revenue well above consensus estimates, but its Q2 guidance was weak. As a result, the stock was trading down around 10 percent in late trade to $181.60.
General Motors Cruises to 21-Month High on Successful Earnings
May 02 2013 2:13 PM
General Motors (NYSE: GM [FREE Stock Trend Analysis]) has soared to a 21-month high after posting strong first-quarter earnings and revenue. The Detroit auto giant's EPS declined over three percent year-over-year to $0.58, but topped estimates of $0.54. Revenue closed down 2.4 percent at $36.9 billion, but edged the Wall Street consensus of $36.6 billion.
Will the Amazon-Backed Online Sales Tax Sway the House?
April 29 2013 12:21 PM
The Marketplace Fairness Act, AKA the new legislation that will require states to collect sales tax from items purchased online, is likely to clear the Senate when the final vote is conducted next month.
Where is the Larger Bubble: the S&P 500 Index or U.S. Treasuries?
April 26 2013 9:36 AM
Today we have a plethora of companies reporting earnings and are moving through the 1st Quarter earnings season at a rapid pace. Thus far, earnings have been far from exciting and have made the previous 2013 forward earnings estimates laughable.
Google's First-Quarter Acquisitions Approach $300 Million
April 26 2013 9:26 AM
Google (NASDAQ: GOOG [FREE Stock Trend Analysis]) spent nearly $300 million on assets and acquisitions in the first quarter of 2013. According to Bloomberg, the total expenditures came to $291 million. Roughly half of that money went to patents and developed technology; an additional $125 million was used to acquire Channel Intelligence Inc., which created valuable online marketing tools for retailers.
General Motors CEO Says April Sales Will Mirror March
April 26 2013 9:16 AM
General Motors(NYSE: GM [FREE Stock Trend Analysis]) Chairman and CEO Dan Akerson told The Detroit News Wednesday he's expecting April auto sales to be about the same as those posted in March. Among Akerson’s concerns – low consumer confidence in the U.S. and weak sales and a weak economy in Europe. GM lost $1.8 billion in Europe in 2012 and said it expects to break even by 2015. "Hopefully things will get better in turn," Akerson said. GM is scheduled to release its first-quarter earnings May 2.
UPDATE: Raymond James Upgrades Facebook to a Strong Buy, Expects Increased Monetization
April 26 2013 9:10 AM
Raymond James analyst Aaron Kessler upgraded Facebook (NASDAQ: FB [FREE Stock Trend Analysis]) this morning from Outperform to Strong Buy and gave shares a $37.00 price target.
Samsung Operating Profit Soars 50%, Rises to $7.9 Billion
April 26 2013 9:00 AM
Samsung has increased its operating profit by more than 50 percent during the first quarter, taking in 8.78 trillion won ($7.9 billion) before the company's biggest smartphones were even released. Riding high on the success of older models (such as the Galaxy S III or the more recently released Galaxy Note II), Samsung has begun to extend the sales longevity of its devices. The South Korean tech giant will release the Galaxy S IV -- the successor to its flagship phone -- sometime during the second quarter.
Here's Why Your Apple Options Trade Got Crushed Wednesday
April 25 2013 8:16 AM
At Wednesday’s open, Apple (NASDAQ: AAPL [FREE Stock Trend Analysis]) started the day in the red and for most of the day, it stayed there. Since the stock fell in value, options traders who had purchased calls or sold puts lost money. In other words, if you held a long options position, it wasn’t a great day for you. But the shorts weren’t immune either. What should have been a little bit of a gain for those holding put or other short options positions ended up losing money too. If you traded the weekly contracts, you probably felt a bit more of the sting.