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Spencer Knight

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  • ADP Jobs Report [View news story]
    No need for interest rates to go higher if inflation is staying low.
    Nov 5, 2014. 10:43 AM | 1 Like Like |Link to Comment
  • Nikkei soars, yen slides, after BOJ unexpectedly eases monetary policy [View news story]
    I've said the same thing for a while. It's an interesting discussion because there are several negative ramifications when oil prices fall, but the question always comes back to whether the positive effects of consumers being able to spend more money offsets the negative ramifications of falling oil prices. I personally say yes, falling oil prices is a good thing, but many disagree.
    Oct 31, 2014. 10:33 AM | Likes Like |Link to Comment
  • Q3 GDP +3.5% [View news story]
    Q3 is also the fiscal YE for the government, which means that spending is higher in Q3. No election trickery here. It happens in non election years as well.
    Oct 30, 2014. 10:20 AM | 2 Likes Like |Link to Comment
  • More caution on Janus exuberance [View news story]
    I am glad to see analysts are using their noggins on this one...
    Oct 6, 2014. 03:55 PM | Likes Like |Link to Comment
  • Unemployment rate falls to 5.9% [View news story]
    ... As it should after an expansion...
    Oct 3, 2014. 04:20 PM | Likes Like |Link to Comment
  • Buffett buys as stocks drop [View news story]
    That Alibaba quote is awesome. A nice way to say stay away from the IPO bubble...
    Oct 3, 2014. 12:20 AM | Likes Like |Link to Comment
  • GoPro -10.2%; founders' organization released from lockup [View news story]
    I'd say a camera on a stick is a more viable business model than a website for packaging and shipping discounted products and websites for friends to gossip. All of those are doomed long term...
    Oct 2, 2014. 09:37 PM | Likes Like |Link to Comment
  • More jobs added in September [View news story]
    mrdirt, Mr. Picketty makes several interesting historical connections that support the phenomena you speak of.
    Oct 1, 2014. 10:44 AM | Likes Like |Link to Comment
  • Janus Capital +19% after firm hires Pimco's Bill Gross [View news story]
    This is great news for PIMCO. Hopefully his ridiculous "new normal" gets bagged. Carry and roll down is not going to work either. Bill Gross was going to cost PIMCO hundreds of millions of dollars with his stubbornness to try any means to gain back his 2000s luster.

    My question is does he have the energy to properly "manage client assets"?
    Sep 27, 2014. 01:45 PM | 1 Like Like |Link to Comment
  • 3D Systems higher on reported GM deal [View news story]
    The language sounds very vague. Sounds like hearsay to me. I wouldn't buy the rumor. But with the stock price half of what it was in January, DDD is an interesting speculative play.
    Sep 23, 2014. 12:54 PM | Likes Like |Link to Comment
  • 3 Reasons Why Amazon's 'Cash Flow' Is A Trap [View article]
    The good news is, like many ecommerce/social media businesses, AMZN is a great company that provides an amazing service to countless consumers. The bad news is these types of business are NOT meant for the stock market. There is very little (if any) value for investors at the end of the rainbow. Go private and continue to provide consumers with an amazing service and everyone will be happy.
    Sep 19, 2014. 10:52 PM | 4 Likes Like |Link to Comment
  • U.S. weighing ending truck tariff [View news story]
    End the tariffs and let the markets decide. If a business can't get customers to buy the product they deserve to shut down... Or get puffed back up with taxpayer dollars. Either way, let the markets decide.
    Aug 5, 2013. 04:34 PM | Likes Like |Link to Comment
  • What sequester? Handily beating the S&P 500 this year are two aerospace and defense ETFs, ITA and PPA. Both have added to gains the last few sessions as top holdings Boeing (BA), Lockheed Martin (LMT), Northrop Grumman (NOC), and General Dynamics (GD) all posted earnings beats even as defense spending has been slashed. International and commercial orders are helping, but so are long-term contracts. "We are not out of the woods at all," says Boeing CEO Jim McNerney on the earnings call (transcript). "We are entering the woods." [View news story]
    ETFs have zero intrinsic value. ETFs have the potential to go to moon regardless of what the underlying investments are doing so long as everybody wants to buy that specific ETF.
    Jul 24, 2013. 04:04 PM | Likes Like |Link to Comment
  • Some sell side notes rolling in on Apple (AAPL): JPMorgan reiterates its Buy and $545 PT, expecting shares to exhibit a relief rally in the near-term. Goldman ups its PT to $530 from $515, but expects the stock to remain rangebound until a new product cycle begins. Morgan Stanley's Katy Huberty sees a tradable rally headed into new product cycles. CFO Oppenheimer on the CC (transcript): "We are on track to have a very busy fall. I would like to leave it there and go into more detail in October." Shares +3.8% premarket. [View news story]
    Apple's drop was overdone. $700 was way too high, $400 was too low. Somewhere in the middle is right. I don't know or care where. I do know that the two extremes are wrong. Apple is a value stock now. Expect less share price movement. Don't expect q/q or y/y sales declines for many years. Expect higher dividends in the coming years with continued solid growth.

    There's some buy side advice for you.
    Jul 24, 2013. 12:51 PM | Likes Like |Link to Comment
  • Microsoft (MSFT): FQ4 EPS of $0.66 misses by $0.09. Revenue of $19.9B (+10% Y/Y) misses by $830M. Shares -4.2% AH. CC at 5:30PM ET (webcast). (PR[View news story]
    Hey MSFT, instead of wasting your money by "investing" in other companies and their worthless products, just buy back even more shares to at least make your EPS number look good. All the big boys are doing it and people fall for that trick everyday.
    Jul 19, 2013. 11:33 AM | 1 Like Like |Link to Comment