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Jason Aycock

Jason Aycock
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  • Market Wrap: Stocks eked out a small gain in a quiet summer Monday session, with the Nasdaq 100 posting its 14th consecutive advance. Citigroup rose 2% after earnings beat expectations by a healthy margin. The homebuilders took a big hit as the interest rate environment - still a good one by past standards - isn't as benign as it was a few weeks back. Apple looks to be gearing up to start iPhone 5S production perhaps as soon as this month. Gold rose 0.5%, either continuing a strong bounce within a bear market or maybe starting a sustained move upward. Stay tuned. [View news story]
    That's the Gold ETF GLD, which in this case isn't tracking Comex gold as closely as it might ...
    Jul 15 04:21 PM | Likes Like |Link to Comment
  • Notable earnings before Thursday’s open: BIG, COST, EXPR, FRO, GLNG, JOY, YGE [View news story]
    Thanks for noting this -- we've added it into the list for the a.m.
    May 30 12:20 AM | Likes Like |Link to Comment
  • Barnes & Noble (BKS) announces Google Play is available for Nook HD products. Though the move is a further capitulation by B&N from offering up a closed eco-system, it also increases the number of apps available to consumers to 750K from 10K to make the Nook more attractive. Barnes & Noble is also cozying up to Google on the browser front with Chrome set to replace the existing default browser. [View news story]
    This also especially interesting combined with the quiet "market test" BKS has been doing in a couple of cities where they've been unloading HD Nooks for hundreds of dollars off (in Illinois and NY). Those people who were excited about stumbling across that have even more reason now ...
    May 3 08:43 AM | Likes Like |Link to Comment
  • Dollar (UUP) bullishness of 72% of respondents reached the highest level in the history of BAML's fund manager survey. At the same time, bearishness on U.S. stocks (SPY) reversed, with a net 5% calling the U.S. the market it most wishes to overweight vs. 19% underweight in January. (PR[View news story]
    Hi tr4head:

    The source for this survey info is provided in the "(PR)" link above, which goes to the news release ... it explains much more detail along with the methodology they used (about which you still may be skeptical).

    http://bit.ly/Xo40GY
    Mar 19 05:49 PM | Likes Like |Link to Comment
  • Jos. A. Bank Clothiers (JOSB) leaks that "net income for fiscal year 2012 is expected to be approximately 20% lower than net income for fiscal year 2011," just a week before the end of the FY. CEO R. Neal Black says Q4 went slowly, impacted by Hurricane Sandy, unseasonable warmth and "distractions" from the presidential election and fiscal-cliff talks. Despite disappointing Y/Y results, the quarter and year will be "very profitable." [View news story]
    Well, $JOSB is Bernanke's suit seller of choice: ""I've got a D.C. driver's license, my American Express card, a debit card, a Jos. [A.] Bank card where I get my suits, I have a health insurance card. And then I have a variety of other cards, phone numbers, United Airlines, frequent flyer. And I have $45...$75...$85. I'm all set."
    http://ti.me/Wnxya5
    Jan 26 11:06 AM | Likes Like |Link to Comment
  • The Treasury sells $13B in reopened 30-year bonds at 3.07% - the first time since May that the auction's yields have topped 3%. Bid-to-cover ratio of 2.77, vs. a recent average of 2.61; indirect bidders take 37.8%. Direct bidders take 16.7%. [View news story]
    The other 45.5% are the primary dealers -- unlike direct and indirect bidders, primary dealers are required to bid in each auction.

    The upshot of that for prices: Because they're required to bid, the PDs tend to turn around and sell them in the secondary market, which brings prices down. Direct and indirect bidders are more likely buying to hold the bonds.
    Jan 10 01:18 PM | 1 Like Like |Link to Comment
  • House Republicans - including House Majority Leader Eric Cantor - are reportedly overwhelmingly opposed to the fiscal cliff deal approved by the Senate. The House appears poised to amend the deal and send it back to the Senate, setting up a legislative high-wire act. [View news story]
    We're "over" the cliff, so they could say that now. Some people are asking why the House GOP is so intransigent after November's election, but this is still the old House.

    A new Congress is sworn in at noon Thursday, and will likely have to start all over again on this in House and Senate.
    Jan 1 04:37 PM | 2 Likes Like |Link to Comment
  • Israeli-based SodaStream (SODA -2.5%) could see a disruption to operations with over 30K reservists being called up to duty in the nation. The company disclosed previously in a regulatory filing that the absence of key employees or officers could have an impact on its business. (SEC 20-F filing[View news story]
    I made a change to this item to link out to First Adopter's Twitter ... nothing was "stolen" here (the point's not entirely un-generic, and reservist risk has been discussed before and doesn't just affect SODA), but @firstadopter was out there pointing it out aggressively on Twitter, and we're happy to tip our hat to that ...
    --Jason
    Managing Editor, Market Currents
    Nov 15 05:00 PM | Likes Like |Link to Comment
  • U.S. stock markets will close Monday and perhaps Tuesday due to concerns about market integrity related to Hurricane Sandy, Reuters is reporting. [View news story]
    "They" are saying that with order recoding and customer confusion over a partial shutdown it led them to be conservative. And it's starting to look like a Tuesday shutdown is settling in as a certainty with many of them.
    Oct 29 02:38 AM | Likes Like |Link to Comment
  • Details on market closings: All U.S. equity markets will close - including NYSE and Nasdaq/BATS, and Nasdaq derivatives exchanges as well as Nasdaq/Finra TRF - and won't trade, electronically or otherwise, on Monday, the SEC confirms. It's a step beyond closing just floor trading, as previously reported. A decision about whether stock markets will open Tuesday will likely come tomorrow. (Updated: Nasdaq details; CBOE; CME confirms opening[View news story]
    Added word to clarify: Nasdaq derivatives exchanges. Details are still trickling out from various markets.
    Oct 28 11:46 PM | Likes Like |Link to Comment
  • WEB.COM (WWWW): Q3 EPS of $0.41 beats by $0.02. Revenue of $124.2M beats by $0.7M. Shares +2.1% AH. (PR[View news story]
    This item's been adjusted to note that non-GAAP revenue (adding back a fair-value adjustment to acquired deferred revenue) of $124.2M beat analysts' expectations as well as the company's.
    Oct 26 11:44 AM | Likes Like |Link to Comment
  • Hercules Offshore (HERO): Q3 EPS of -$0.10 misses by $0.01. Revenue of $184.9M (+14% Y/Y) beats by $1.5M. (PR[View news story]
    We've adjusted this item to account for non-GAAP measures (impairment of Hercules 252 and 258; gain from sale of Platform Rig 3, insurance settlement on Hercules 185 that were pretax items).
    Oct 25 08:45 AM | Likes Like |Link to Comment
  • Insurers are taking an even more cautious stance on Questcor's (QCOR -4.1%) Acthar, according to a Citron Research report. The short seller is now claiming that Humana (HUM -1.5%) has issued a new Commercial Preauthorization document containing a new, specifically asterisked preauthorization for reimbursement for Acthar, which it contends is part of a pattern of insurers taking a more restrictive stance on authorization policy with regard to the drug's reimbursement. [View news story]
    A few things about this.

    For those saying they want to read the relevant docs and make up their own mind -- the claim and the Humana doc are prominently linked above so you can do so. That's the best outcome of an item like this: You're informed about something that might be moving the stock, and are able to see for yourself whether there's anything to it.

    Many of us have noted that Citron is publishing bearish reports this week, and the stock is moving off of that. This item alerted investors to the Friday occurrence of that, nothing more. That's not "associating with" or "endorsing" a point of view on buying or selling; let's be clear about that. Market Currents is an alerts-based feature; the alternative would be just leaving investors to their own devices to find out what's up with QCOR on Friday?

    I think if you're long, you welcome the opportunity to see for yourself what's going on -- if anything -- and then have a platform from which to respond/refute ... whether in a long comment thread, or an instablog or article of your own.

    Heading into earnings I'm looking forward to information from involved investors like some of you to shed some light on the details of preauthorization and enrollment-period changes and make your own case for (or against) the stock.
    Oct 20 03:24 PM | Likes Like |Link to Comment
  • Insurers are taking an even more cautious stance on Questcor's (QCOR -4.1%) Acthar, according to a Citron Research report. The short seller is now claiming that Humana (HUM -1.5%) has issued a new Commercial Preauthorization document containing a new, specifically asterisked preauthorization for reimbursement for Acthar, which it contends is part of a pattern of insurers taking a more restrictive stance on authorization policy with regard to the drug's reimbursement. [View news story]
    Folks, regarding any factual dispute here, this item states that Citron is pointing to the new Humana doc, and that Citron is claiming (not proving) that this means a tighter stance on authorization. The Market Current notes Citron is a short seller.

    Is any of that in dispute?
    Oct 19 07:24 PM | Likes Like |Link to Comment
  • Bernanke: No new stimulus measures are outlined, but as usual, he says the Fed stands ready to act as needed. The cost of non-traditional policies (QE) "appear manageable." The economy is "far from satisfactory," and labor market stagnation creates enormous suffering. [View news story]
    I don't disagree here ... but it reminds me of what people said before: "Whattaya crazy, he's not gonna act now, he'll make a move at Jackson Hole!"
    Aug 31 10:15 AM | Likes Like |Link to Comment
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