Quantifying The Impact For Intel On Its Entry Into Mobile [View article]
Paulo, Good article and thank you for writing it. It is concise and to the point.
I have a slight criticism: You haven't accounted for Intel's foundry vis-a-vis Qualcomm, Nvidia, et al having to outsource re: margins, hence profitiability.
Williams Partners (WPZ -0.6%) is downgraded to Hold from Buy and removed from the Select List at Stifel Nicolaus after yesterday's explosion at the Louisiana olefins plant. The firm expects a significant financial impact, especially in the short term as ethylene margins had been relatively strong. Stifel is waiting before revising its estimates but is confident results will be below expectations. [View news story]
Just another analyst that doesn't know what they are talking about. Ethylene is in price increase phase not because of demand but due to supply reasons, which will be ameliorated once scheduled maintenance is performed.
Preferred stock indexes just don't move this much, but the last few sessions' quick decline in the Preferred Stock Index Fund (PFF -1.3%) has left it trading at a slight discount to NAV. Peter Tchir calls it "spiral risk," and it's there when illiquid underlying assets meet a "beta" vehicle meet a crowded trade (and a few more conditions). When does it end? Often after a capitulation day. The Financial Preferred ETF (PGF -1.2%) also takes a hit. [View news story]
Buy PGF @ 17.02 and earn a 6.84% dividend. This bank preferred ETF is getting hammered because of the "fear" of tapering. 10 year Treasury bills are earning a 2.2%, and both the 12 month and 2 year Treasuries are earning .12%, .33% respectively. The highest earning CD amount is 1.05% APY GE Retail Bank.
With 30-year mortgage rates @ an average of 4.10% net interest margin for the banks are improving.
Conundrum Over Cash At Westport Innovations [View article]
The management of WPRT have said prior to this article that is a three year project to turn profitable. The author's balance sheet analysis confirms there opinion in financial speak.
The "ETF bid" in which indexed parts of the high-yield bond market (likely to be owned by HYG and JNK) rise faster than the rest when times are good works in reverse too as May saw the ETFs decline far more than NAV. What about for preferred shares? Investors pulled a relatively modest $300M from the $12B PFF in May and the fund was down 2.8%, but it's off another 1.6% since. "It stands to reason the same yield-seeking investors dumping HYG (and REM) are turning on PFF too," writes Brendan Conway. [View news story]
Bonds of companies are different from preferred shares of banks.
The percentage of the stock market now owned by hedge funds (5%) is the highest since Q2 2008, BofA Merrill Lynch finds in its Hedge Fund Quarterly Report. Hedge funds reduced cash holdings to the Q2 2007 trough of 4.3%, and raised net equity exposure to the Q2 2007 peak of 59%. Their largest exposure is to consumer discretionary stocks (XLY) followed by IT (XLK) and financials (XLF). [View news story]
I think we are at a fulcrum in the market that very few positive upside trends are present; for example, hedge funds are nearly all in, margins are at 21st century highs, the Fed is all in, S&P is at 19, etc.
More from General Mills (GIS) at the Citi Global Consumer Conference (previous): The rise of Greek yogurt has cut into results for the company's Yoplait brand, with sales actually falling off slightly for the fiscal year just ended. To reverse the decline, the General Mills will introduce 40 new yogurt products and increase its advertising spend on the category. (webcast) [View news story]
More from Exxon Mobil's (XOM -0.3%) annual meeting: Shareholders reject proposals to set emissions goals and another to ban discrimination against gays, elect former JNJ CEO William Weldon to its board, and voice some discontent over CEO Rex Tillerson's ~$40M compensation - a say-on-pay resolution received 71% approval vs. 78% a year ago. (earlier) [View news story]
Any company in 21st century that rejects a ban on discrimination against gays and lesbians is losing a critical part of the workforce. If I was gay, I wouldn't join this red neck outfit.
How many petroleum engineers, research scientists, are they losing due to this outmoded thinking? In the competitive world of energy I dare say that losing one would be too much if it proved to be a researcher that they and their team discovered a way to transport wind and solar energy economically or a battery storage method that revolutionized the industry.
As for setting emissions goals, XOM is another anachronistic company that propagandizes that climate change isn't real. Is it any wonder that at their stockholder's meeting management would continue with its mythology?
More from Exxon Mobil's (XOM -0.3%) annual meeting: Shareholders reject proposals to set emissions goals and another to ban discrimination against gays, elect former JNJ CEO William Weldon to its board, and voice some discontent over CEO Rex Tillerson's ~$40M compensation - a say-on-pay resolution received 71% approval vs. 78% a year ago. (earlier) [View news story]
What kind of red neck stockholders proxy vote or attend and vote @ XOM shareholder meetings?
Senator John McCain officially introduces the Television Consumer Freedom Act of 2013 in Congress in a milestone for the movement toward "a la carte" cable market pricing for consumers. On the floor of the Senate, McCain singled out Comcast's (CMCSA -0.9%) NBC and Disney's (DIS +1.1%) ESPN-ABC family of channels as examples of media concerns forcing consumers to pay for bundled channels they don't want. Analysts think the combined heft of the broadcasting industry stands a good chance of keeping McCain's bill spinning in place. (full bill) [View news story]
Again, NGVC is only a regional competitor and is limited in that region as well. To grow the 1100 stores will require multiple decades based upon their recent store opening track-record. NGVC only has approximately 80 stores compared to WFM 300 plus. I agree that in 2018 NGVC may be a viable regional threat but not until they begin to seriously enter California, etc.
I agree that WFM may get carved up by a thousand cuts but Trader Joe's is not one of them and neither is WMT.
Quantifying The Impact For Intel On Its Entry Into Mobile [View article]
Quantifying The Impact For Intel On Its Entry Into Mobile [View article]
I have a slight criticism: You haven't accounted for Intel's foundry vis-a-vis Qualcomm, Nvidia, et al having to outsource re: margins, hence profitiability.
Williams Partners (WPZ -0.6%) is downgraded to Hold from Buy and removed from the Select List at Stifel Nicolaus after yesterday's explosion at the Louisiana olefins plant. The firm expects a significant financial impact, especially in the short term as ethylene margins had been relatively strong. Stifel is waiting before revising its estimates but is confident results will be below expectations. [View news story]
http://bit.ly/16oHunn
Preferred stock indexes just don't move this much, but the last few sessions' quick decline in the Preferred Stock Index Fund (PFF -1.3%) has left it trading at a slight discount to NAV. Peter Tchir calls it "spiral risk," and it's there when illiquid underlying assets meet a "beta" vehicle meet a crowded trade (and a few more conditions). When does it end? Often after a capitulation day. The Financial Preferred ETF (PGF -1.2%) also takes a hit. [View news story]
With 30-year mortgage rates @ an average of 4.10% net interest margin for the banks are improving.
Conundrum Over Cash At Westport Innovations [View article]
The "ETF bid" in which indexed parts of the high-yield bond market (likely to be owned by HYG and JNK) rise faster than the rest when times are good works in reverse too as May saw the ETFs decline far more than NAV. What about for preferred shares? Investors pulled a relatively modest $300M from the $12B PFF in May and the fund was down 2.8%, but it's off another 1.6% since. "It stands to reason the same yield-seeking investors dumping HYG (and REM) are turning on PFF too," writes Brendan Conway. [View news story]
The percentage of the stock market now owned by hedge funds (5%) is the highest since Q2 2008, BofA Merrill Lynch finds in its Hedge Fund Quarterly Report. Hedge funds reduced cash holdings to the Q2 2007 trough of 4.3%, and raised net equity exposure to the Q2 2007 peak of 59%. Their largest exposure is to consumer discretionary stocks (XLY) followed by IT (XLK) and financials (XLF). [View news story]
I'd be interested in hearing a contrary opinion.
More from General Mills (GIS) at the Citi Global Consumer Conference (previous): The rise of Greek yogurt has cut into results for the company's Yoplait brand, with sales actually falling off slightly for the fiscal year just ended. To reverse the decline, the General Mills will introduce 40 new yogurt products and increase its advertising spend on the category. (webcast) [View news story]
More from Exxon Mobil's (XOM -0.3%) annual meeting: Shareholders reject proposals to set emissions goals and another to ban discrimination against gays, elect former JNJ CEO William Weldon to its board, and voice some discontent over CEO Rex Tillerson's ~$40M compensation - a say-on-pay resolution received 71% approval vs. 78% a year ago. (earlier) [View news story]
How many petroleum engineers, research scientists, are they losing due to this outmoded thinking? In the competitive world of energy I dare say that losing one would be too much if it proved to be a researcher that they and their team discovered a way to transport wind and solar energy economically or a battery storage method that revolutionized the industry.
As for setting emissions goals, XOM is another anachronistic company that propagandizes that climate change isn't real. Is it any wonder that at their stockholder's meeting management would continue with its mythology?
Facebook Shares Plunge To 6 Month Lows: 5 Reasons To Remain Bearish [View article]
http://yhoo.it/Tqfoyy
More from Exxon Mobil's (XOM -0.3%) annual meeting: Shareholders reject proposals to set emissions goals and another to ban discrimination against gays, elect former JNJ CEO William Weldon to its board, and voice some discontent over CEO Rex Tillerson's ~$40M compensation - a say-on-pay resolution received 71% approval vs. 78% a year ago. (earlier) [View news story]
Verizon Gets In Position To Punt Vodafone From Verizon Wireless [View article]
Senator John McCain officially introduces the Television Consumer Freedom Act of 2013 in Congress in a milestone for the movement toward "a la carte" cable market pricing for consumers. On the floor of the Senate, McCain singled out Comcast's (CMCSA -0.9%) NBC and Disney's (DIS +1.1%) ESPN-ABC family of channels as examples of media concerns forcing consumers to pay for bundled channels they don't want. Analysts think the combined heft of the broadcasting industry stands a good chance of keeping McCain's bill spinning in place. (full bill) [View news story]
Whole Foods: The Short Thesis [View article]
Now, (after yesterday's report), would be the time to short WFM. The stock is overpriced as is all the speciality organic stores and suppliers.
Whole Foods: The Short Thesis [View article]
I agree that WFM may get carved up by a thousand cuts but Trader Joe's is not one of them and neither is WMT.