Wall Street Breakfast: Must-Know News [View article]
For apples to apples, as you say, I also included this in my original comment: "30-day return of all Alpha-Rich ideas: 4.8% (vs. 2.01% SPDR S&P 500 return)"
Wall Street Breakfast: Must-Know News [View article]
A few readers have asked about the Alpha-Rich calls that we now include in Wall Street Breakfast. In particular, deercreekvols wanted to know if all Alpha-Rich articles are "winners."
The short answer, of course, is that no, not every Alpha-Rich article outperforms, though the aggregate performance is excellent (details below).
SA Pro subscribers get early access to Alpha-Rich articles, which contain high-conviction long or short opportunities. These articles are made publicly available 24 hours later. In each Wall Street Breakfast, we highlight two Alpha-Rich articles that have recently become publicly available (that's the "Alpha-Rich Stocks To Watch" section) and two articles that have performed exceptionally well.
We choose to highlight the exceptional performers because we're proud of how well out contributors have called these opportunities, because Alpha-Rich articles are consistently of a high caliber and because we want to communicate to readers the value inherent in a Pro subscription.
As of the beginning of July, Alpha-Rich articles in aggregate have outperformed the market: 2-day return of all Alpha-Rich ideas: 1.1% (vs. 0.17% SPDR S&P 500 return) 30-day return of all Alpha-Rich ideas: 4.8% (vs. 2.01% SPDR S&P 500 return) 30-day performance of the top 20% of all Alpha-Rich ideas: 29% (vs. 1.65% SPDR S&P 500 return)
You're welcome to check out the full list of Alpha-Rich articles here (http://bit.ly/16DBQvr) or in the Alpha-Rich section of the homepage.
For more information about SA Pro or our Alpha-Rich articles, you can contact me via direct message, or read more here (http://bit.ly/QEO4Ta).
Best, Rachael Director, SA Pro (and proud former author of WSB. Nice to see some familiar faces here, and some new ones.)
Privatized Prisons: Public Relations Nightmare But A Pretty Great Business [View article]
As per Jeffrey Dow Jones' request, a paragraph in the article has been amended to reflect the 'Special Dividend' that rwagner467 pointed out. Thanks everyone.
Wall Street Breakfast: Must-Know News [View article]
Hi Shmoo-
We've made a few changes to Wall Street Breakfast recently, as you've noticed. Our goal is to make WSB both incredibly useful and easy to read, whether on a mobile device or on the website. To this end, we're trying out a format where we include only the links that provide the most value for our readers - in this case, deeper opinion and analysis of the topics at hand.
When a story is an exclusive, we of course provide attribution to the original source. As you noted, this is important for preserving the integrity of the site. In the case of the Social Security story you mentioned, though Bloomberg and other sites carried the news, the original source is actually the government report referenced above, which can be found here: http://1.usa.gov/JWiWEU
Your feedback, and the feedback of all our readers, is crucial to making WSB the fantastic product it is, so please keep the comments coming.
Apollo Global Management (APO) is leading a group that is close to buying El Paso's (EP) oil-exploration business for around $7B, sources say, with a deal announcement possible as soon as today. [View news story]
Kinder Morgan is looking to offload EP's exploration and production business and will use the proceeds of the sale to pay down some of the debt KMI is taking on to fund its El Paso purchase.
MasterCard (MA +1.9%) CEO Ajay Banga tells the Nikkei business daily that the deleveraging cycle in the U.S. is "reaching an end," but warns that until housing and unemployment improve, "you can't say that the consumer is in a better place." (submitted by Holly Thompson) [View news story]
The WSJreports that President Obama plans to nominate Harvard finance professor Jeremy Stein and Jerome Powell - a former Bush official and P-E exec - to fill the two vacancies on the Federal Reserve Board. [View news story]
Hi Frank-
It's a fair criticism. On the one hand, we do try to limit how often we link to articles behind paywalls. On the other hand, we would be doing Market Currents readers a disservice if we skipped salient stories simply because some sources are behind a paywall, especially when we're talking about such a mainstream source as the WSJ. As a middle ground, we provide the in-text link as a courtesy but generally try to encapsulate the crux of the story in the Market Current itself. That way, those who want to click through for additional information can do so and can handle the paywall as they see fit. For those who don't want to click through or don't have a subscription, the MC should suffice.
Wall Street Breakfast: Must-Know News [View article]
Hi WSB Readers:
We're still soliciting feedback about the new WSB format, which has been simplified to make it easier to read on mobile devices. In particular, what are your thoughts about the earnings section at the bottom? Do you prefer the condensed version currently provided, with a link to more details? Or do you prefer that the full earnings list be included in WSB itself, even if the list becomes quite lengthy during earnings season?
Please weigh in on this or any other comments/suggestions you may have.
Merck KGaA (MKGAF.PK) reports a Q2 net EPS loss of €0.40 ($0.58), vs. profit of €0.84 a year earlier. Revenue +16% to €2.56B. For 2011, Merck expects operating profit of about €1B, below guidance given in April, due to one-time adjustments. [View news story]
Thanks for your comment. An earlier version of this post had incorrectly included the ticker for Merck & Co. instead of Merck KGaA. The post has since been fixed.
Wall Street Breakfast: Must-Know News [View article]
So did we! It was a good way to kick off the morning, and Wall Street Breakfast. But we're trying to ensure that WSB is as great a product when read on a mobile phone as it is when read on the site, and unfortunately the cup was crowding out WSB's content.
Wall Street Breakfast: Must-Know News [View article]
The earnings summary, plus earnings from lots of stocks that didn't make the summary, can be found on the Market Currents earnings page (here: seekingalpha.com/curre...).
The link is also included above in WSB, next to "Earnings Results."
Goldman Sachs (GS): Q2 EPS, excluding certain charges, of $2.75. Inclusive of charges, $1.85 vs. consensus of $2.35. Revenue of $7.3B (-18% Y/Y). Shares -2.6% premarket. (PR) [View news story]
Excluding the impact of the $600M U.K. bank payroll tax and a $550M SEC settlement, diluted EPS was $2.75. Including those charges, EPS was $1.85.
The post has been edited to make that distinction clearer. Thanks.
The FCC asks AT&T (T) for more info on its planned merger with T-Mobile USA (DTEGY.PK), including claims on spectrum shortages, coverage overlaps and plans to close facilities. [View news story]
More details:
-AT&T had cited spectrum shortages as the main reason behind its decision to buy T-Mobile USA. The FCC wants to see additional information on the shortages claims, as well as details about under-used capacity, the companies' future plans and what drove certain subscribers to change companies.
-The FCC is also looking for information on AT&T/T-Mobile's potential plans to change the prices or other terms for providing "backhaul" to small carriers.
Wall Street Breakfast: Must-Know News [View article]
"30-day return of all Alpha-Rich ideas: 4.8% (vs. 2.01% SPDR S&P 500 return)"
Wall Street Breakfast: Must-Know News [View article]
The short answer, of course, is that no, not every Alpha-Rich article outperforms, though the aggregate performance is excellent (details below).
SA Pro subscribers get early access to Alpha-Rich articles, which contain high-conviction long or short opportunities. These articles are made publicly available 24 hours later. In each Wall Street Breakfast, we highlight two Alpha-Rich articles that have recently become publicly available (that's the "Alpha-Rich Stocks To Watch" section) and two articles that have performed exceptionally well.
We choose to highlight the exceptional performers because we're proud of how well out contributors have called these opportunities, because Alpha-Rich articles are consistently of a high caliber and because we want to communicate to readers the value inherent in a Pro subscription.
As of the beginning of July, Alpha-Rich articles in aggregate have outperformed the market:
2-day return of all Alpha-Rich ideas: 1.1% (vs. 0.17% SPDR S&P 500 return)
30-day return of all Alpha-Rich ideas: 4.8% (vs. 2.01% SPDR S&P 500 return)
30-day performance of the top 20% of all Alpha-Rich ideas: 29% (vs. 1.65% SPDR S&P 500 return)
You're welcome to check out the full list of Alpha-Rich articles here (http://bit.ly/16DBQvr) or in the Alpha-Rich section of the homepage.
For more information about SA Pro or our Alpha-Rich articles, you can contact me via direct message, or read more here (http://bit.ly/QEO4Ta).
Best,
Rachael
Director, SA Pro (and proud former author of WSB. Nice to see some familiar faces here, and some new ones.)
Privatized Prisons: Public Relations Nightmare But A Pretty Great Business [View article]
Wall Street Breakfast: Must-Know News [View article]
We've made a few changes to Wall Street Breakfast recently, as you've noticed. Our goal is to make WSB both incredibly useful and easy to read, whether on a mobile device or on the website. To this end, we're trying out a format where we include only the links that provide the most value for our readers - in this case, deeper opinion and analysis of the topics at hand.
When a story is an exclusive, we of course provide attribution to the original source. As you noted, this is important for preserving the integrity of the site. In the case of the Social Security story you mentioned, though Bloomberg and other sites carried the news, the original source is actually the government report referenced above, which can be found here: http://1.usa.gov/JWiWEU
Your feedback, and the feedback of all our readers, is crucial to making WSB the fantastic product it is, so please keep the comments coming.
Best,
Rachael
Seeking Alpha Passes One Million Members -- 5 Things You Need To Know [View article]
Apollo Global Management (APO) is leading a group that is close to buying El Paso's (EP) oil-exploration business for around $7B, sources say, with a deal announcement possible as soon as today. [View news story]
MasterCard (MA +1.9%) CEO Ajay Banga tells the Nikkei business daily that the deleveraging cycle in the U.S. is "reaching an end," but warns that until housing and unemployment improve, "you can't say that the consumer is in a better place." (submitted by Holly Thompson) [View news story]
The WSJ reports that President Obama plans to nominate Harvard finance professor Jeremy Stein and Jerome Powell - a former Bush official and P-E exec - to fill the two vacancies on the Federal Reserve Board. [View news story]
It's a fair criticism. On the one hand, we do try to limit how often we link to articles behind paywalls. On the other hand, we would be doing Market Currents readers a disservice if we skipped salient stories simply because some sources are behind a paywall, especially when we're talking about such a mainstream source as the WSJ. As a middle ground, we provide the in-text link as a courtesy but generally try to encapsulate the crux of the story in the Market Current itself. That way, those who want to click through for additional information can do so and can handle the paywall as they see fit. For those who don't want to click through or don't have a subscription, the MC should suffice.
Hope this helps, and thanks for the feedback.
~Rachael Granby
Deputy Managing Editor, Market Currents
Wall Street Breakfast: Must-Know News [View article]
We're still soliciting feedback about the new WSB format, which has been simplified to make it easier to read on mobile devices. In particular, what are your thoughts about the earnings section at the bottom? Do you prefer the condensed version currently provided, with a link to more details? Or do you prefer that the full earnings list be included in WSB itself, even if the list becomes quite lengthy during earnings season?
Please weigh in on this or any other comments/suggestions you may have.
Thanks,
Rachael
Merck KGaA (MKGAF.PK) reports a Q2 net EPS loss of €0.40 ($0.58), vs. profit of €0.84 a year earlier. Revenue +16% to €2.56B. For 2011, Merck expects operating profit of about €1B, below guidance given in April, due to one-time adjustments. [View news story]
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]
The link is also included above in WSB, next to "Earnings Results."
Goldman Sachs (GS): Q2 EPS, excluding certain charges, of $2.75. Inclusive of charges, $1.85 vs. consensus of $2.35. Revenue of $7.3B (-18% Y/Y). Shares -2.6% premarket. (PR) [View news story]
The post has been edited to make that distinction clearer. Thanks.
The FCC asks AT&T (T) for more info on its planned merger with T-Mobile USA (DTEGY.PK), including claims on spectrum shortages, coverage overlaps and plans to close facilities. [View news story]
-AT&T had cited spectrum shortages as the main reason behind its decision to buy T-Mobile USA. The FCC wants to see additional information on the shortages claims, as well as details about under-used capacity, the companies' future plans and what drove certain subscribers to change companies.
-The FCC is also looking for information on AT&T/T-Mobile's potential plans to change the prices or other terms for providing "backhaul" to small carriers.
More details here: www.reuters.com/articl...