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Jason Aycock

Jason Aycock
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  • IBM (IBM): Q3 EPS of $3.28 beats by $0.06. Revenue of $26.2B (+8%) vs. estimated $26.25B. Raises full-year EPS outlook for the third quarter in a row, to at least $13.35 from previous $13.25. Shares -2.2% AH. Webcast to come at 4:30. (PR)  [View news story]
    Classic "buy the rumor, sell the news," says Annex, which figures the Street made up its mind to sell no matter what happened. "IBM shares are bound to bounce back when common sense and reason replace the speculators’ fever and cooler heads prevail."

    http://on.barrons.com/.../
    Oct 17, 2011. 05:40 PM | 1 Like Like |Link to Comment
  • More advice on managing diversification in the age of correlation: It's not just metals anymore, but top-quality bonds (if you can stomach the price) that are still providing hedges, for now. Meanwhile, Bespoke Investment Group eyes 19 stocks that have outperformed in October, and 14 for relative strength ahead.  [View news story]
    They have analysis of them for their premium members at http://bit.ly/oplPgB, though the linked piece here (http://bit.ly/p2yoM2) has their 14 -- including AAPL, V, TJX, HANS, DG and more.
    Oct 15, 2011. 02:19 PM | Likes Like |Link to Comment
  • Failed banks in Georgia, North Carolina and New Jersey bring the year's total of FDIC-insured closures to 79. Today's failures come at a combined estimated cost to the Deposit Insurance Fund of $155.4M.  [View news story]
    Thanks for pointing out; writing was a little confusing, but I've rewritten to clarify that the $155.4M is today's number only.
    Oct 14, 2011. 06:49 PM | Likes Like |Link to Comment
  • Mosaic Company (MOS): FQ1 EPS of $1.17 misses by $0.10. Revenue of $3.1B (+41% Y/Y) beats by $0.6B. Shares +0.1% AH. (PR)  [View news story]
    This item has been corrected -- revenues were actually $3.1B, beating sales expectations.
    Sep 29, 2011. 06:49 PM | Likes Like |Link to Comment
  • Salesforce.com (CRM): Q2 EPS of $0.34 beats by $0.04. Revenue of $546M (+39% Y/Y) beats by $17M. Shares -0.5% AH. (PR)  [View news story]
    We at Market Currents (I believe like all the estimating analysts) use non-GAAP EPS and exclude the one-time charge.
    Aug 18, 2011. 05:32 PM | Likes Like |Link to Comment
  • More on H-P (HPQ): We've all been talking about a PC-business spinoff and Autonomy buy all day, but confirmation of its tablet bailout (in the face of heavy competition from AAPL) comes just 15 months after the company spent more than $1B on Palm and its webOS. It lowered targets for the third time this year. The game plan looks more IBM than ever. An interesting conference call webcast coming at 5 p.m.  [View news story]
    Just to add a note to clarify: H-P will keep webOS and may license the software out, but it's going to stop building TouchPads and phones.
    Aug 18, 2011. 04:33 PM | 1 Like Like |Link to Comment
  • Moody's places the U.S. Aaa bond rating on review for downgrade, citing the possibility a debt ceiling deal will not be reached.  [View news story]
    It may not be *surprising* -- but the actual happening is news since it (usually) has an effect on Treasurys ...
    Jul 13, 2011. 05:11 PM | 4 Likes Like |Link to Comment
  • Some interesting ideas and picks in the first item, from Bill Nygren, Thyra Zerhusen, Bruce Berkowitz and Will Danoff. Nygren thinks Aflac (AFL) has been punished too much by the market re: Japan. Berkowitz loves St. Joe (JOE), but also BAC.
    Jul 12, 2011. 12:40 PM | Likes Like |Link to Comment
  • Where's your money-market money? Buried a bit in NYT's "Greece is the new Lehman" story is the news that 44.3% of prime U.S. money market funds were invested in short-term debt of Euro banks; not all of those are dangerously into Greece, but it does indicate some of the long-reaching repercussions that could occur in case of a run.  [View news story]
    You'd think breaking the buck was impossible ...
    Jun 13, 2011. 03:37 PM | Likes Like |Link to Comment
  • The Fed buys $6.939B in Treasurys of just $11.605B offered by dealers, but the bonds were already aloft after the jobs report: the 10-year yield -0.03 to 2.995%; five-year -0.05 to 1.6%; two-year -0.02 to 0.43%.  [View news story]
    Hot off the press ...
    Jun 3, 2011. 11:37 AM | 1 Like Like |Link to Comment
  • The Treasury sells $35B in two-year notes at 0.56% (.pdf). Bid-to-cover ratio of 3.46; indirect bidders take 31.3%. Direct bidders take 19.2%.  [View news story]
    Yes, there is some paper juggling, a lot of which is detailed in an image here: si.wsj.net/public/reso...
    May 24, 2011. 02:56 PM | 1 Like Like |Link to Comment
  • The Treasury sells $32B in three-year notes at 1% even (.pdf). Bid-to-cover ratio of 3.29, vs. a recent 3.12; indirect bidders take 32.7%, vs. a recent 33.8%. Direct bidders take 15.4%, vs. a recent 11.9%.  [View news story]
    In a nutshell: Bid-to-cover is an indication of bullish interest -- $3.29 was bid for each $1 of debt available for sale.

    High numbers from direct bidders and indirect bidders (which includes foreign central banks) are considered bullish for bonds, since the remainder is primary dealers who are required to bid no matter what -- and thus often turn around and sell those holdings in the secondary market.
    May 10, 2011. 02:16 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    That is a key distinction; thanks, and I added the word in to clarify.
    Apr 25, 2011. 08:34 AM | 1 Like Like |Link to Comment
  • Soros link is about his conference, set up this year at Bretton Woods; the "monstrous monkey house" refers to Keynes' quote about fears the original Bretton Woods would get nothing done.
    Apr 14, 2011. 01:18 PM | Likes Like |Link to Comment
  • Just One Stock: Returns, Cash Flow, Emerging-Market Potential for Coke's World-Class Beverage Brand [View article]
    P/Es are relative, right? So there's an argument to be made that KO is still inexpensive even at 20. Thomson has a forward P/E of 15.63. So I leave it to Christian to say whether he thinks it's a bargain with or without the bottling special gain. I can see both sides of that, myself.
    Apr 12, 2011. 08:05 PM | 1 Like Like |Link to Comment
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111 Comments
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