How did BP's (BP +2.2%) surprising Q1 results catch analysts so off guard? Improved production at the Tangguh LNG project in Indonesia plus strong LNG prices in Asia likely helped BP earn more from gas trading, estimated by Bernstein analysts at an extra $400M. Refinery availability was over 95%, enabling BP to maximize the benefit from higher refining margins, adding another $300M to Q1 profit. [View news story]
Wall Street research . . . . "guestimates" you mean
"I wish I hadn't bought Newsweek. It was a mistake," says InterActiveCorp (IACI -0.3%) chairman Barry Diller, who just resigned from TripAdvisor's board. IAC's Newsweek Daily Beast JV has been an albatross for the company, as it tries to get the business to turn a profit while shifting to an all-digital model. Diller also claims TV broadcasters are trying to use Congress to shut down IAC-backed Aereo, and suggests Aereo could start offering additional content if it reaches 10M-20M subs (that could take a while); the service will arrive in Boston in May. (more on Aereo) [View news story]
"OK, so I made a bad call at the Barron's roundtable," tweets Bill Gross. "I would still buy gold here. World reflating." After a morning bounce, gold has returned to the session low at $1,388/oz. GLD -6.7%. [View news story]
Make sure the Tin Foil Hats are ready for these Einsteins
Paul Krugman: "The austerity agenda looks a lot like a simple expression of upper-class preferences, wrapped in a facade of academic rigor. What the top 1% wants becomes what economic science says we must do." Ken Langone responds: Runaway deficits are the older generation "stealing" from the young, and Paul Krugman has never met a payroll and doesn't have to worry about profit margins. [View news story]
New York City is ~1200 miles away from the Gulf of Mexico, but that doesn't stop it from suingBP for more than $39M in losses it claims beneficiaries of the city's pension funds suffered due to BP's "misconduct and fraudulent behavior" linked to the 2010 Deepwater Horizon oil spill. [View news story]
NYC public employees who's retirement money is poorly managed ,should sue the NYC Pension Board and the Comptroller's Office for under-performing on an ongoing basis
The New York Times' (NYT) flagship paper is suffering from a crisis in the newsroom with support fading rapidly for executive editor Jill Abramson, according to Politco. In a biting article, more than a dozen current and former staffers unloaded on the exec with unflattering comments. Earlier this week, the company unveiled plans to build franchises around NYT brands, though it's somewhat unclear if the big picture includes Abramson. [View news story]
"OK, so I made a bad call at the Barron's roundtable," tweets Bill Gross. "I would still buy gold here. World reflating." After a morning bounce, gold has returned to the session low at $1,388/oz. GLD -6.7%. [View news story]
Bill Gross =
bullish at $1900 bullish at $1800 bullish at $1700 bullish at $1600 bullish at $1500 bullish at $1400
Trouble is brewing ahead of BP's (BP -0.7%) annual shareholder meeting tomorrow, with some investors planning to protest the pay and performance of chairman Carl-Henric Svanberg. But with the protest taking the form of abstentions rather than outright "nos," the votes likely will go BP’s way. Meanwhile, BP’s share price remains 30% lower than it was before the 2010 Gulf oil spill. [View news story]
Shareholders should be disgusted
XOM and CVX have outperformed BP by 30-40% over the last 3 years , even after Macondo
Apple (AAPL +2%) roundup: 1) Jim Cramer states Apple is "becoming the J.C. Penney of tech," while suggesting sentiment has become too negative. 2) The state-owned Chinese press has become more positive on Apple following Tim Cook's apology letter. 3) The USPTO has reaffirmed the Oct. invalidation of Apple's "rubber-banding" patent, which was successfully asserted against Samsung. 4) Apple has hired much of the team behind the original Segway, including robotics expert John Morrell. No word on what project Morrell is working on. (Goldman) [View news story]
The margins are not there anymore , but the next Q should be better
Negatively , The EPS has been cut 14 times in the last 2 months by the street FQ 2012 gross margins were 48% , now they are 38% , back to 2011 levels FQ 2012 Net income as % revenue 28% , now 23%
Positively , by the end of the December quarter, Apple has used just under $2 billion of the $10 billion authorized for share buybacks , and of course there's the cash fortress
Apple (AAPL +2%) roundup: 1) Jim Cramer states Apple is "becoming the J.C. Penney of tech," while suggesting sentiment has become too negative. 2) The state-owned Chinese press has become more positive on Apple following Tim Cook's apology letter. 3) The USPTO has reaffirmed the Oct. invalidation of Apple's "rubber-banding" patent, which was successfully asserted against Samsung. 4) Apple has hired much of the team behind the original Segway, including robotics expert John Morrell. No word on what project Morrell is working on. (Goldman) [View news story]
That GS analyst has been wrong for 3 years. He was bullish March 5 , and no longer as of today
The stock has fallen $290 before he downgraded the stock ... you think he's good ???
Apple (AAPL +2%) roundup: 1) Jim Cramer states Apple is "becoming the J.C. Penney of tech," while suggesting sentiment has become too negative. 2) The state-owned Chinese press has become more positive on Apple following Tim Cook's apology letter. 3) The USPTO has reaffirmed the Oct. invalidation of Apple's "rubber-banding" patent, which was successfully asserted against Samsung. 4) Apple has hired much of the team behind the original Segway, including robotics expert John Morrell. No word on what project Morrell is working on. (Goldman) [View news story]
In an irony of ironies, Ackman, Loeb, and Icahn have all profited from their Herbalife (HLF) trades to the tune of $200M, $50M, and $25M respectively. As WSJ puts it, "for all the bluster and bravado, timing is everything in financial markets." Shareholders meanwhile, have been taken for a harrowing ride as the hedge fund titans battle it out.[View news story]
"Run for the hills," says Jim Rogers, busy making sure all of his bank accounts are within guaranteed levels. With the IMF and the EU saying its ok to loot bank accounts, a precedent has been set, he says, and the next country getting in trouble will point to Cyprus and do the same thing. "What more do you need to know ... the gall of these politicians." [View news story]
I recall Rogers telling everyone to buy Nat Gas at $15/bcf , only to watch it fall 80%-- typical of his calls
He loves to hear himself talk , and ever since splitting from Soros 40+ years ago , he suffers from a major Napoleon complex
How did BP's (BP +2.2%) surprising Q1 results catch analysts so off guard? Improved production at the Tangguh LNG project in Indonesia plus strong LNG prices in Asia likely helped BP earn more from gas trading, estimated by Bernstein analysts at an extra $400M. Refinery availability was over 95%, enabling BP to maximize the benefit from higher refining margins, adding another $300M to Q1 profit. [View news story]
"I wish I hadn't bought Newsweek. It was a mistake," says InterActiveCorp (IACI -0.3%) chairman Barry Diller, who just resigned from TripAdvisor's board. IAC's Newsweek Daily Beast JV has been an albatross for the company, as it tries to get the business to turn a profit while shifting to an all-digital model. Diller also claims TV broadcasters are trying to use Congress to shut down IAC-backed Aereo, and suggests Aereo could start offering additional content if it reaches 10M-20M subs (that could take a while); the service will arrive in Boston in May. (more on Aereo) [View news story]
"OK, so I made a bad call at the Barron's roundtable," tweets Bill Gross. "I would still buy gold here. World reflating." After a morning bounce, gold has returned to the session low at $1,388/oz. GLD -6.7%. [View news story]
Paul Krugman: "The austerity agenda looks a lot like a simple expression of upper-class preferences, wrapped in a facade of academic rigor. What the top 1% wants becomes what economic science says we must do." Ken Langone responds: Runaway deficits are the older generation "stealing" from the young, and Paul Krugman has never met a payroll and doesn't have to worry about profit margins. [View news story]
New York City is ~1200 miles away from the Gulf of Mexico, but that doesn't stop it from suing BP for more than $39M in losses it claims beneficiaries of the city's pension funds suffered due to BP's "misconduct and fraudulent behavior" linked to the 2010 Deepwater Horizon oil spill. [View news story]
The New York Times' (NYT) flagship paper is suffering from a crisis in the newsroom with support fading rapidly for executive editor Jill Abramson, according to Politco. In a biting article, more than a dozen current and former staffers unloaded on the exec with unflattering comments. Earlier this week, the company unveiled plans to build franchises around NYT brands, though it's somewhat unclear if the big picture includes Abramson. [View news story]
"OK, so I made a bad call at the Barron's roundtable," tweets Bill Gross. "I would still buy gold here. World reflating." After a morning bounce, gold has returned to the session low at $1,388/oz. GLD -6.7%. [View news story]
bullish at $1900
bullish at $1800
bullish at $1700
bullish at $1600
bullish at $1500
bullish at $1400
.
Trouble is brewing ahead of BP's (BP -0.7%) annual shareholder meeting tomorrow, with some investors planning to protest the pay and performance of chairman Carl-Henric Svanberg. But with the protest taking the form of abstentions rather than outright "nos," the votes likely will go BP’s way. Meanwhile, BP’s share price remains 30% lower than it was before the 2010 Gulf oil spill. [View news story]
XOM and CVX have outperformed BP by 30-40% over the last 3 years , even after Macondo
Apple (AAPL +2%) roundup: 1) Jim Cramer states Apple is "becoming the J.C. Penney of tech," while suggesting sentiment has become too negative. 2) The state-owned Chinese press has become more positive on Apple following Tim Cook's apology letter. 3) The USPTO has reaffirmed the Oct. invalidation of Apple's "rubber-banding" patent, which was successfully asserted against Samsung. 4) Apple has hired much of the team behind the original Segway, including robotics expert John Morrell. No word on what project Morrell is working on. (Goldman) [View news story]
Negatively ,
The EPS has been cut 14 times in the last 2 months by the street
FQ 2012 gross margins were 48% , now they are 38% , back to 2011 levels
FQ 2012 Net income as % revenue 28% , now 23%
Positively , by the end of the December quarter, Apple has used just under $2 billion of the $10 billion authorized for share buybacks , and of course there's the cash fortress
Apple (AAPL +2%) roundup: 1) Jim Cramer states Apple is "becoming the J.C. Penney of tech," while suggesting sentiment has become too negative. 2) The state-owned Chinese press has become more positive on Apple following Tim Cook's apology letter. 3) The USPTO has reaffirmed the Oct. invalidation of Apple's "rubber-banding" patent, which was successfully asserted against Samsung. 4) Apple has hired much of the team behind the original Segway, including robotics expert John Morrell. No word on what project Morrell is working on. (Goldman) [View news story]
He was bullish March 5 , and no longer as of today
The stock has fallen $290 before he downgraded the stock ... you think he's good ???
Goldman removes Apple (AAPL) from its Conviction Buy list and pares its price target to $575 from $660. [View news story]
Let me know when they upgrade it
Apple (AAPL +2%) roundup: 1) Jim Cramer states Apple is "becoming the J.C. Penney of tech," while suggesting sentiment has become too negative. 2) The state-owned Chinese press has become more positive on Apple following Tim Cook's apology letter. 3) The USPTO has reaffirmed the Oct. invalidation of Apple's "rubber-banding" patent, which was successfully asserted against Samsung. 4) Apple has hired much of the team behind the original Segway, including robotics expert John Morrell. No word on what project Morrell is working on. (Goldman) [View news story]
In an irony of ironies, Ackman, Loeb, and Icahn have all profited from their Herbalife (HLF) trades to the tune of $200M, $50M, and $25M respectively. As WSJ puts it, "for all the bluster and bravado, timing is everything in financial markets." Shareholders meanwhile, have been taken for a harrowing ride as the hedge fund titans battle it out. [View news story]
BTW , it's .... comeuppance , not , " comeupins"
"Run for the hills," says Jim Rogers, busy making sure all of his bank accounts are within guaranteed levels. With the IMF and the EU saying its ok to loot bank accounts, a precedent has been set, he says, and the next country getting in trouble will point to Cyprus and do the same thing. "What more do you need to know ... the gall of these politicians." [View news story]
He loves to hear himself talk , and ever since splitting from Soros 40+ years ago , he suffers from a major Napoleon complex
Dr. Marc Faber's Market Outlook For 2013 [View article]