The S&P 500 (SPY) ETF is usually the most heavily-traded U.S. security, but at 59M shares...


The S&P 500 (SPY) ETF is usually the most heavily-traded U.S. security, but at 59M shares (as of 2:30 ET), it's at just 39% of its average volume over the last month. Leading today are Yahoo (YHOO +9.5%) as it soars following earnings, and Bank of America (BAC +2.9%) as it flies to a multi-year high after its profit report. Yahoo has traded 68M shares (440% of normal volume), and BofA 204M shares (177% of normal volume).

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  • RockyMtnHiiigh
    , contributor
    Comments (201) | Send Message
     
    Yahoo released 2Q earnings yesterday.

     

    Here's how they did versus street estimates:
    Missed Revenue by 1%
    Beat Earnings by 16% (.35 vs .30)

     

    They also provided insight into website and App traffic trends. They reported significant increases in traffic on most of their main websites (see the earnings call transcript), ie: a 60% increase on the Yahoo Home page since it's reformatting.

     

    Increased traffic should lead to increased revenue in the future.

     

    They also report excellent results for Alibaba - a private Chinese internet company that it own a significant amount of shares in.....

     

    Unbelievable Numbers from Alibaba!

     

    71% Y/Y increase in Revenues.
    203% Y/Y increase in Net Income - Wow!!

     

    And an unbelievable increase in Net Margin. From 27% to 48%!!!!
    Show me another company of this size, growing at this rate with a 48% Net Margin!! Financial results just don't get much stronger than this!!!

     

    Hope that adds some perspective to Yahoo's 10% jump in pps today. Yahoo's future is bright, IMO....
    17 Jul 2013, 04:40 PM Reply Like
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