More on AIG Q4 earnings: Book value/share (excluding AOCI) of $57.87, +15.5% Y/Y. P&C division loss of $945M thanks to $2B Sandy hit - the company posted an operating profit of $290M even with that. Premiums written of $7.8B, flat Y/Y. Life and Retirement income of $1.1B vs. $912M a year ago. Conference call at 8 ET tomorrow. Shares +3.7% AH. (PR) [View news story]
Trulia (TRLA -2.6%) and ValueClick (VCLK +2%) head in opposite directions after Goldman starts the former at Neutral, and the latter at Buy. Goldman sees Trulia benefiting from the housing recovery, strong online real estate ad uptake, and growing mobile activity, but is worried about competition and a steep valuation (20x 2014E EV/EBITDA). ValueClick, meanwhile, is seen as the "purest play" in the online ad tech space (ad tech ops make up 60% of sales). [View news story]
Market recap: Stocks erased early losses to finish flat in choppy trading, but gains were limited by declines in energy and techs and maybe a sense that the market run-up needs time to consolidate. Investors may be starting to book profits after the market's 6% jump in one month. So far, 301 S&P 500 firms have reported this quarter, with 69% topping EPS estimates and 66% beating on revenues. [View news story]
More on Amazon's (AMZN) Q4: The company swung back from its Q3 loss as North America sales rose 23% Y/Y to $12.175B and International sales gained 21% to reach $9.093B. Growth in the company's Electronics segment outpaced Media segment sales. Free cash flow decreased 81% to $395M for the trailing twelve month period compared to a year ago with real estate outlays factoring in. For Q1, the company sees $15.0B-$16.6B in revenue and expects profit to fall in a range of -$285M to $65M. A conference call is scheduled for 5:00 EST. AMZN changes direction, now +3.2% AH. (PR) [View news story]
Ford: Don't Pull The Trigger Until Earnings Are Released [View article]
Doolan, there is a difference between AAPL and F. It seems that options for F are much cheaper for Ford than apple before their earning report. You can thank the speculative herd that Apple has!
Protect your position with puts and sleep tight at night of the report.
Off another 1.8% today Apple has dropped below Exxon as the world's most valuable company. Apple is also in the red on a Y/Y basis for the first time in, well, a long time. [View news story]
Netflix (NFLX) roars to a 12% gain as the dreamy week for investors roars on. That makes for a 79% YTD return for a company that made just $8M in profits during its last quarter while Apple raked in a cool $13B to fall 12%. Money manager Ivanhoff capital sums up the action: "Expectations matter." [View news story]
nasdaq.com gives the short interest only biweekly. I don't think you can get the info freely from anywhere else faster than nasdaq.com.
Intel's (INTC) Q4 earnings are due out later, with analysts expecting that EPS fell to $0.45 from $0.64 while revenue dropped to $13.52B from $13.89B. Intel is struggling to overcome a falling market for its PC chips and the European economic slump, although it is benefiting from a shift to new data-center technologies. The chipmaker is also about to lose departing CEO Paul Otellini, but analysts don't expect an announcement about his successor today. [View news story]
It will be reported after hours. It hasn't been reported yet. No one knows the data. It is just good old gambling. Let's see how they bet pans out in just a couple of hours!
Advanced Micro Devices: Dead Cat Bounce? [View article]
Earning call is 22-Jan-13. Market doesn't know that how 'exactly' fast they are burning cash or if the management is taking any new positive new directions, and what is really happening to the inventory.
You are stating contradictory things! If institutions are hedged to neutral with respect to the options that they sell, so why should they 'care' about what happens to AAPL?
Apple (AAPL) has cut iPhone 5 component orders for calendar Q1 due to weaker-than-expected demand, sources tell the WSJ; display orders are said to be cut by ~50%. The Nikkeialso claims display orders have been halved, albeit from an elevated level of 65M. The articles back up analyst reports of iPhone production and component order cuts, and raise the question of whether Apple needs a cheaper iPhone and/or one with a larger display to bolster its international share. Suppliers on watch: LPL, CRUS, OVTI, QCOM, BRCM, SWKS, TQNT, AVGO. [View news story]
I don't like QQQ at all. The weights are absurd! SPY seems to be a better index IMHO.
No Value In Netflix: Is Carl Icahn Wrong? [View article]
The volume of NFLX is so low in recent days. My guess is that the stock is so capricious that both longs and shorts have become 'scared' to touch it anyways.
Groupon (GRPN): Q3 EPS of $0.00 misses by $0.03. Revenue of $568.6M (+32% Y/Y) misses by $21.5M. Gross billings of $1.22B (+5% Y/Y). Expects Q4 revenue of $625M-$675M vs. $633.9M consensus. Expects Q4 operating income of $0-$20M. Shares -13.5% AH. (PR) [View news story]
Amazon Prime (AMZN) tests a new $7.99 per month option for users who don't want to pay the $79 annual membership fee. The company sees the lower upfront number potentially helping it compete against Hulu and Netflix (NFLX) with their own $7.99 pricing. If the strategy works, the company also lands more revenue per user in the long run. [View news story]
More on AIG Q4 earnings: Book value/share (excluding AOCI) of $57.87, +15.5% Y/Y. P&C division loss of $945M thanks to $2B Sandy hit - the company posted an operating profit of $290M even with that. Premiums written of $7.8B, flat Y/Y. Life and Retirement income of $1.1B vs. $912M a year ago. Conference call at 8 ET tomorrow. Shares +3.7% AH. (PR) [View news story]
Trulia (TRLA -2.6%) and ValueClick (VCLK +2%) head in opposite directions after Goldman starts the former at Neutral, and the latter at Buy. Goldman sees Trulia benefiting from the housing recovery, strong online real estate ad uptake, and growing mobile activity, but is worried about competition and a steep valuation (20x 2014E EV/EBITDA). ValueClick, meanwhile, is seen as the "purest play" in the online ad tech space (ad tech ops make up 60% of sales). [View news story]
Market recap: Stocks erased early losses to finish flat in choppy trading, but gains were limited by declines in energy and techs and maybe a sense that the market run-up needs time to consolidate. Investors may be starting to book profits after the market's 6% jump in one month. So far, 301 S&P 500 firms have reported this quarter, with 69% topping EPS estimates and 66% beating on revenues. [View news story]
More on Amazon's (AMZN) Q4: The company swung back from its Q3 loss as North America sales rose 23% Y/Y to $12.175B and International sales gained 21% to reach $9.093B. Growth in the company's Electronics segment outpaced Media segment sales. Free cash flow decreased 81% to $395M for the trailing twelve month period compared to a year ago with real estate outlays factoring in. For Q1, the company sees $15.0B-$16.6B in revenue and expects profit to fall in a range of -$285M to $65M. A conference call is scheduled for 5:00 EST. AMZN changes direction, now +3.2% AH. (PR) [View news story]
Ford: Don't Pull The Trigger Until Earnings Are Released [View article]
Protect your position with puts and sleep tight at night of the report.
I am considering going long with puts too.
Off another 1.8% today Apple has dropped below Exxon as the world's most valuable company. Apple is also in the red on a Y/Y basis for the first time in, well, a long time. [View news story]
Netflix (NFLX) roars to a 12% gain as the dreamy week for investors roars on. That makes for a 79% YTD return for a company that made just $8M in profits during its last quarter while Apple raked in a cool $13B to fall 12%. Money manager Ivanhoff capital sums up the action: "Expectations matter." [View news story]
If I am wrong, please somebody correct me here!
Intel's (INTC) Q4 earnings are due out later, with analysts expecting that EPS fell to $0.45 from $0.64 while revenue dropped to $13.52B from $13.89B. Intel is struggling to overcome a falling market for its PC chips and the European economic slump, although it is benefiting from a shift to new data-center technologies. The chipmaker is also about to lose departing CEO Paul Otellini, but analysts don't expect an announcement about his successor today. [View news story]
Advanced Micro Devices: Dead Cat Bounce? [View article]
Looking forward to the conference call!
Apple: Get Ready For January 18 [View article]
Apple (AAPL) has cut iPhone 5 component orders for calendar Q1 due to weaker-than-expected demand, sources tell the WSJ; display orders are said to be cut by ~50%. The Nikkei also claims display orders have been halved, albeit from an elevated level of 65M. The articles back up analyst reports of iPhone production and component order cuts, and raise the question of whether Apple needs a cheaper iPhone and/or one with a larger display to bolster its international share. Suppliers on watch: LPL, CRUS, OVTI, QCOM, BRCM, SWKS, TQNT, AVGO. [View news story]
Netflix Bulls Don't Get It [View article]
No Value In Netflix: Is Carl Icahn Wrong? [View article]
Groupon (GRPN): Q3 EPS of $0.00 misses by $0.03. Revenue of $568.6M (+32% Y/Y) misses by $21.5M. Gross billings of $1.22B (+5% Y/Y). Expects Q4 revenue of $625M-$675M vs. $633.9M consensus. Expects Q4 operating income of $0-$20M. Shares -13.5% AH. (PR) [View news story]
Amazon Prime (AMZN) tests a new $7.99 per month option for users who don't want to pay the $79 annual membership fee. The company sees the lower upfront number potentially helping it compete against Hulu and Netflix (NFLX) with their own $7.99 pricing. If the strategy works, the company also lands more revenue per user in the long run. [View news story]