Alphabet Inc. 3Q17 Earnings Send Shares Higher
Alphabet Inc. (Nasdaq: GOOG) 3Q17 earnings were released after closing bell tonight, and the company posted GAAP earnings of $9.57 per share on $27.8 billion in revenue, a 20% increase (23% in constant currency) year over year. Analysts had been expecting earnings of $8.33 per share on $27.2 billion in revenue. In last year’s third quarter, the […]
Tax Reform Key To Late-Acceleration Market Phase
Given how long this recovery has run, many people assume that the US economy and stock market are in the latter stages of their bull run, ready to peak at any moment. However, Chris Senyek, Chief Investment Strategist at Wolfe Research, recently told Financial Sense Newshour that the market cycle is best characterized by six different phases […]
Analyst Makes Prescient Call Ahead Of Celgene Disappointments
Shares of Celgene (CELG) are plunging after the company slashed its 2020 sales guidance. This follows last week’s announcement that the biotech company is discontinuing a late-stage Crohn’s treatment trial. Back on October 5, and ahead of both negative events, Morgan Stanley analyst Matthew Harrison had downgraded Celgene to Underweight, citing underappreciated generic risk and […]
5 Canadian LPs Capitalizing On The Global Cannabis Opportunity
From Canada to Germany, the legal cannabis market continues to be one of the most attractive investment opportunities. The legalization trend throughout the world has created significant opportunities for companies levered to the growth of this industry and we highlighted five companies that are leading this charge. Five Cannabis Firms Leading the Global Movement […]
Microsoft Corporation FQ1 2018 Earnings Boosts Shares
Microsoft Corporation (NASDAQ:MSFT) FQ1 2018 earnings were released after closing bell tonight, and the company posted earnings of 84 cents per share, a 17% increase from last year, on $24.5 billion in sales, a 12% year-over-year increase. Wall Street had been looking for earnings of 72 cents per share on $23.5 billion in revenue. The company had […]
Market Talk- Thursday, Oct. 26
China saw a mixed close with Hang Seng’s fall balancing Shanghai’s gain. Talk for China however, focused on reports that China may offer a two tranche 5 and 10yr deals having been absent from the markets for a while. At a time when yields are so low one would expect rather larger deals than is […]
Amazon Soars Above $1,000 After Smashing Expectations
Amazon has done it again, and following a lukewarm second quarter and with Goldman warning not to get too excited going into earnings, Amazon is back to its short-crushing ways, reporting both revenues and EPS which blew away expectations. In Q3, Amazon reported EPS of 52 cents, beating not only consensus estimates of 4 cents, […]
EIA Data Barely Moves Natural Gas Prices
The Energy Information Administration report on natural gas inventories came out today generally in line with expectations, missing our expectation of +66 bcf by just 2 bcf at +64 bcf after hitting our estimate perfectly last week. We see these back-to-back hits as a sign that we have a relatively good handle on current natural […]
Stocks Fell Finally, But Dip Buyers Swooped In
Extreme Optimism Leads To A Small Decline In Stocks The market finally took a breather on Wednesday. It wasn’t a major sell-off because dip buyers appeared mid-day. It was healthy to see because the run had gotten ridiculous. The S&P 500 fell 0.47%. It was driven lower by weak Chipotle earnings and poor AMD guidance. […]
Amazon.com, Inc. 3Q17 Earnings Send Shares Higher
Amazon.com, Inc. (NASDAQ:AMZN) 3Q17 earnings were released after closing bell tonight, and the company posted earnings of 52 cents per share on $43.7 billion in revenue. Analysts had been expecting a breakeven result on $41.74 billion in revenue, while the company had guided for sales to come in between $39.25 billion and $41.12 billion. In the year-ago […]
