Amid general praise for Pres. Obama’s nomination of Jim Yong Kim as head of the World Bank, Harvard's Lant Pritchett - who worked at the Bank for 17 years - blasts the nomination as “a terrible idea.” Kim's "charity work" is impressive, Pritchett says, but he has no experience in banking or international development. Obama was worried about his political left flank and "did the craven thing." [View news story]
Don't trust this rally; it's a major bull trap, says currency analyst Christopher Vecchio. Pressures on global financial markets are too intense to support a sustained run in stocks right now. All it will take is just a few gusts of negativity to derail the entire train. [View news story]
Yeah the sky is falling and the Mayans predicted this all
U.S. policymakers are in the "anti-capitalism business" and prolonging symptoms of the recession, says Jim Grant. Their actions are "all wrong" and "have nothing to do" with what the founders of the Fed intended, Grant adds, warning of the unintended consequences. (video) [View news story]
can we just have term limits for everyone and just end this already?
4 Semiconductor Stocks With Troubling Accounting Trends [View article]
This is the type of irresponsible article that needs to be shed from SA. The writer obviously has no idea why there has been an inventory change or that there will be a writedown of old solar products already announced. The ramp up in inventory is for the new technollogy, it is easy to say what the numbers are, it takes actual work to figure out what they mean. Poorly done.
More on Microsoft Surface: The tablet features a 10.6" display, uses Corning's (GLW) Gorilla Glass, and comes with Office built-in. Microsoft has also developed a cover that doubles as a keyboard with touchpad, thereby allowing Surface to shift into PC mode. One version will be sold with an ARM-based (ARMH) processor, while a somewhat thicker/heavier version will feature an Intel (INTC) Core i5 processor and support existing Windows apps. (live blog) [View news story]
GT Advanced Technologies (GTAT): FQ4 EPS of $0.69 misses by $0.02. Revenue of $354M (+30.3% Y/Y) misses by $39M. (PR) [View news story]
they earned 1.45 per share! its only trading at 5 change. 1.8 billion dollar backlog. margins were 43%! this was an incredible quarter. this thing sold off from 10 to 5 on NOTHING. BUY NOW
Corporate pension funds have more assets in bonds than equities for the first time in a decade, a sharp shift from just 5 years ago when the amount in stocks doubled those in fixed income. "A lot of lessons have been learned," says a strategist. Markets have a way of doing that. Will new lessons be taught in coming years? [View news story]
hold to maturity and receive your worthless principal in return. this is ridiculous reasoning. they are guaranteeing their death. why not at least try. yes they are in treasuries, the books are open you just have to look at them. AAA corporate debt isn't yielding 7.5 either. ridiculousness
Corporate pension funds have more assets in bonds than equities for the first time in a decade, a sharp shift from just 5 years ago when the amount in stocks doubled those in fixed income. "A lot of lessons have been learned," says a strategist. Markets have a way of doing that. Will new lessons be taught in coming years? [View news story]
dumb dumb dumb. most pension funds need to earn a minimum of 4.5% per year to maintain solvency. now with rates on bonds being the lowest they have been in history they are overweight? there is going to be a lot of pain and the pensioners don't even see it coming. Rhode Island assumes something like 7.5% return per year, I wonder how they are going to get that buying 10 year treasuries.
Apple (AAPL) says it has already sold out the supply of new iPads set aside for pre-order, and will push back their ship date to Friday, which is the official launch date. Apple had previously told customers they would receive their pre-ordered iPads the same day the tablet goes on sale in stores. [View news story]
GT Advanced Technologies (GTAT): Q4 EPS of -$0.15 misses by $0.07. Revenue of $102.3M. (PR) [View news story]
This was basically a complete write down of old technology. New tech on the horizon for solar this year and for sapphire in 2014. This is going to be the worst Q #'s you will see until the next down cycle, but if GTAT continues to diversify it may not get this bad for a very long time. $3 is the bottom. Still have 418M in cash. only 350M market cap.
Thanks to Facebook's (FB -4%) selloff, the price tag for the Instagram acquisition is now only $758M. But as for Facebook itself, its market cap is understated by most sites, which fail to use its fully diluted share count. After today's drop, Facebook is still worth $54.9B. Short selling has much to do with Facebook's decline - FactSet reports 13.4% of the company's float is now shorted. The shorts have their arguments: Facebook still trades at nearly 26x estimated 2013 EPS (exc. cash). (earlier) [View news story]
excluding cash to make multiples look better? at 26x they still look bad. this thing is going to be trading at 8 bucks
The Greek Shipping Industry Is A Leading Indicator [View article]
it is possible i did a poor job explaining myself - but you should reread the article just incase. I am arguing that the greek shipping industry is a leading indicator for the world economy as a whole. i could care less how the greek economy does overall. i mentioned the greek market because it gives us context - if the market was up 10% and the shippers were up 5%, that says a lot about the industry. thanks for reading though
Amid general praise for Pres. Obama’s nomination of Jim Yong Kim as head of the World Bank, Harvard's Lant Pritchett - who worked at the Bank for 17 years - blasts the nomination as “a terrible idea.” Kim's "charity work" is impressive, Pritchett says, but he has no experience in banking or international development. Obama was worried about his political left flank and "did the craven thing." [View news story]
Don't trust this rally; it's a major bull trap, says currency analyst Christopher Vecchio. Pressures on global financial markets are too intense to support a sustained run in stocks right now. All it will take is just a few gusts of negativity to derail the entire train. [View news story]
U.S. policymakers are in the "anti-capitalism business" and prolonging symptoms of the recession, says Jim Grant. Their actions are "all wrong" and "have nothing to do" with what the founders of the Fed intended, Grant adds, warning of the unintended consequences. (video) [View news story]
Buying Brand Names In A Bear Market Can Make You Rich [View article]
4 Semiconductor Stocks With Troubling Accounting Trends [View article]
More on Microsoft Surface: The tablet features a 10.6" display, uses Corning's (GLW) Gorilla Glass, and comes with Office built-in. Microsoft has also developed a cover that doubles as a keyboard with touchpad, thereby allowing Surface to shift into PC mode. One version will be sold with an ARM-based (ARMH) processor, while a somewhat thicker/heavier version will feature an Intel (INTC) Core i5 processor and support existing Windows apps. (live blog) [View news story]
GT Advanced Technologies (GTAT): FQ4 EPS of $0.69 misses by $0.02. Revenue of $354M (+30.3% Y/Y) misses by $39M. (PR) [View news story]
Corporate pension funds have more assets in bonds than equities for the first time in a decade, a sharp shift from just 5 years ago when the amount in stocks doubled those in fixed income. "A lot of lessons have been learned," says a strategist. Markets have a way of doing that. Will new lessons be taught in coming years? [View news story]
Corporate pension funds have more assets in bonds than equities for the first time in a decade, a sharp shift from just 5 years ago when the amount in stocks doubled those in fixed income. "A lot of lessons have been learned," says a strategist. Markets have a way of doing that. Will new lessons be taught in coming years? [View news story]
Wall Street Breakfast: Must-Know News [View article]
Apple (AAPL) says it has already sold out the supply of new iPads set aside for pre-order, and will push back their ship date to Friday, which is the official launch date. Apple had previously told customers they would receive their pre-ordered iPads the same day the tablet goes on sale in stores. [View news story]
GT Advanced Technologies (GTAT): Q4 EPS of -$0.15 misses by $0.07. Revenue of $102.3M. (PR) [View news story]
The New Seeking Alpha Portfolio iPhone App [View article]
Thanks to Facebook's (FB -4%) selloff, the price tag for the Instagram acquisition is now only $758M. But as for Facebook itself, its market cap is understated by most sites, which fail to use its fully diluted share count. After today's drop, Facebook is still worth $54.9B. Short selling has much to do with Facebook's decline - FactSet reports 13.4% of the company's float is now shorted. The shorts have their arguments: Facebook still trades at nearly 26x estimated 2013 EPS (exc. cash). (earlier) [View news story]
The Greek Shipping Industry Is A Leading Indicator [View article]