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nightfly

nightfly
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  • Amazon.com (AMZN): Q4 EPS of $0.85 beats by $0.13. Revenue of $9.5B (+42%) vs. $9B. Shares -5.5% AH. (PR)  [View news story]
    Yes, a 75 p/e is ludicrous. Yet the fish are biting as it is now up AH to 128 and change.

    This will likely be the high for Amazon as it's margins are under attack from the states and competitors like Appl, which will take some cusomters away from Amazon and reduce it's profits.
    Jan 28 04:39 PM | Likes Like |Link to Comment
  • The Senate votes to raise the debt limit by $1.9T, to $14.3T, and sets a cloture vote on Bernanke's nomination for 3:20 p.m., to be immediately followed by a confirmation vote.  [View news story]
    The fleecing of Amerika continues....
    Jan 28 01:11 PM | Likes Like |Link to Comment
  • Freddie Mac (FRE) reported that the rate of delinquencies at least 90 days behind for conventional single-family loans jumped to 3.9% in December, up from 3.7% in November and 1.7% year-over-year.  [View news story]
    What?! You mean positive thinking doesn't pay the mortgage? Dang, our govt better come up with a better plan than "hope" and "talk".
    Jan 28 12:28 PM | 2 Likes Like |Link to Comment
  • If politicians keep attacking, Blackstone's (BX) Steven Schwarzman says, bankers are going to cut lending and risk the recovery. “Financial institutions will feel under siege and they will retreat ... Their entire world is being shaken and they’re being attacked personally. We don’t need those financial institutions insecure.”  [View news story]
    The winds of politics blow both ways - now from we got to save them to now we got to punish them. Frankly, if the banks weren't so greedy, they wouldn't be in this position.
    Jan 28 12:08 PM | 3 Likes Like |Link to Comment
  • While households and small businesses struggle to get access to credit, a growing number of bank employees are able to tap into loans at below-market rates or with lighter collateral requirements.  [View news story]
    Yet more evidence of the corruption that those who are "connected" are able to get away with while the common man gets fleeced via taxes, lower asset prices, etc.
    Jan 28 11:57 AM | 1 Like Like |Link to Comment
  • Lots of talk about economic recovery, but households and small businesses are still fighting to get access to credit, and loan quality is deteriorating across several asset classes.  [View news story]
    That's just it, it's all talk except for those with access to free govt money which for them it's bonus heaven.
    Jan 28 11:55 AM | 1 Like Like |Link to Comment
  • For all the tablet nay-sayers, Piper Jaffray's Gene Munster thinks the iPad (AAPL) has the potential to be a "breakout" product if given a year to enter the broader consumer market and with a price cut to the $300-400 range.  [View news story]
    Exactly, it's only for Apple fanboys who, while sitting around watching Apple TV, put their iTouch/iPhone down to have a slightly better web-browsing experience with the iPad.

    Who's going to want this? It's the classic tablet quandary - laptops do everything it does better, albeit in a larger package. iPhone/Blackberries are truly portable/pocketable.

    While, beyond Apple's devotees who are blind to reality, where's the market?
    Jan 28 11:53 AM | 1 Like Like |Link to Comment
  • Initial Jobless Claims: -8K to 470K vs. 450K consensus. Continuing claims -57K to 4,602,000.  [View news story]
    Hiring won't happen until businesses see the revenue to justify it and even then many won't hire as productivity of the existing workers has increased and they want to protect the bottom line even more.

    The gutting of the industrial jobs complex will not recover.

    Unemployment will continue to go higher into 2012.

    I don't think most people realize how much housing drives our economy. One stat I saw stated that the "boom" from 2000-2006 was driven 70% by housing. What's going to replace that? Housing is dead as an asset class for a decade +.
    Jan 28 11:43 AM | Likes Like |Link to Comment
  • A series of upgrades for Netflix (NFLX) from Jefferies, Lazard and FBR helps send shares +20% in premarket trading.  [View news story]
    Wow, for a defunct business model, its P/E is higher than Apple and many other top notch tech companies.

    Bubble...
    Jan 28 11:39 AM | Likes Like |Link to Comment
  • The foreclosure problem is spreading, says a RealtyTrac report, and "there is evidence that we're entering a new wave of foreclosures, driven more by unemployment and economic hardship than what we've seen over the past few years."  [View news story]
    One thing is simple - we'll get a stable sustainable "level" once the manipulation ends. Until then, everything is a house of cards.
    Jan 28 11:37 AM | Likes Like |Link to Comment
  • The SEC votes to tighten rules for money market funds to require them to hold some assets that could be easily converted to cash, and to disclose new information on fund values. The move came in response to an episode in September 2008 when the Reserve Primary Fund ''broke the buck'' and exposed investors to losses.  [View news story]
    Yep, moving all funds out of MMkts already. Jeez, when will the fleecing ever end?
    Jan 27 05:33 PM | Likes Like |Link to Comment
  • The Fed - along with the European Central Bank, Bank of England and the Swiss National Bank - announces that swap lines established in the crisis to ensure dollar liquidity will be allowed to expire on Feb. 1 as they're "no longer needed."  [View news story]
    Yeah, they are no longer needed until.....they are again. Big deal. More talking up "all's clear, please give us your money" and "hire an American" please.
    Jan 27 03:22 PM | Likes Like |Link to Comment
  • Marc Faber reiterates his negative outlook, saying the S&P may drop 20% from here. "The economy has stabilized but isn't really expanding... Profits have been boosted by aggressive cost-cutting. The revenue side of corporations is weak." But Legg Mason's Bill Miller refutes Faber's doomsday view, saying that "10 years ago, stocks were expensive. Today they are not."  [View news story]
    Are customer's fleeing from Legg Mason? Sounds like someone is talking their book in an attempt to stem the tide.
    Jan 27 12:42 PM | Likes Like |Link to Comment
  • Dick Bove upgrades BB&T (BBT +2.9%) to buy, lifting his price target to $32, saying big loan-loss reserves might be unnecessary if loan losses peak soon. He estimates the lender's reserves will drop to $1.9B in 2012 from $2.8B today.  [View news story]
    Right, where was he during the bust in 08? He was upgrading Bank stocks!

    He knows little and like most analysts, is no better than throwing darts at a dart board.
    Jan 27 12:38 PM | 1 Like Like |Link to Comment
  • EIA Petroleum Inventories: Crude -3.9M barrels vs. consensus of +900K. Gasoline stocks +2M vs. expected +600K. Distillates +400K vs. consensus -1.6M.  [View news story]
    Indeed. Estimates are completely worthless for earnings, inventory, etc.

    The only thing analysts are worth is determining how poor they are at their jobs.
    Jan 27 11:19 AM | Likes Like |Link to Comment
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