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Hitesh Patel

Hitesh Patel
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  • Amazon higher as strong sales trump in-line loss, Q4 guidance wide open [View news story]
    a loss on 17.5b in sales and a potential loss in the selling season 4th qtr on 25b in sales. Stock at 350, forward POTENTIAL p/e 380+

    Yeah that look like a buy here
    Oct 24, 2013. 04:34 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    It's amazing that their is not a peep out of the pension fund industry which is getting staughtered at the expense of the banking industry
    Jun 17, 2013. 09:02 AM | 7 Likes Like |Link to Comment
  • More from Bernanke: "Another cost, one that we take very seriously, is the possibility that very low interest rates, if maintained too long, could undermine financial stability ... (however) a premature tightening of monetary policy could lead interest rates to rise temporarily but would also carry a substantial risk of slowing or ending the economic recovery." Questioning is about to begin. S&P 500 +0.9%[View news story]
    Economic recovery? All my friends and clients that are in retail sales are telling me the they have never seen such a slow down in the first quarter. It is slower then in 2008. Thanks for the update Ben
    May 22, 2013. 10:28 AM | Likes Like |Link to Comment
  • Bernanke Congressional Testimony: Premature tightening risks choking off the economic recovery, says Bernanke in prepared remarks, and the FOMC stands ready to increase or decrease QE as necessary. Watch live here[View news story]
    so we may or may not do anything.. Thanks for the clarity Ben.
    May 22, 2013. 10:16 AM | 1 Like Like |Link to Comment
  • An Infestation Of Gold Bugs [View article]
    Even if centralbankers attempt to drive gold down another 30-40%, which i think is not in their control, I feel more comfortable holding then paper fiat. Bring it down to 900/oz I will keep converting so long as the CB are printing. It's only logical
    Apr 25, 2013. 09:09 AM | 4 Likes Like |Link to Comment
  • More on Case-Shiller: Home prices (the 20-city composite) gained 6.8% for all of 2012, the best performance since 2006. However, with prices on the upswing for nearly a full year now, the days of easy comparisons are over. "The strongest numbers may have already been seen," says S&P's David Blitzer. SPY +0.5%, QQQ +0.3% premarket. (full report[View news story]
    You are correct hammer, i do know of a few neighbors who in fact have not paid a mortgage, taxes or insurance payment for over 3 years. I am looking to buy a slighlty bigger home but can't get myself to do it knowing i'd be paying an artificially higher price
    Feb 26, 2013. 10:44 AM | 1 Like Like |Link to Comment
  • Bernanke Semiannual Monetary Policy Report: The benefits of easing continue to outweigh the costs and risks, says Bernanke in his prepared testimony. Maybe putting to rest the kerfuffle from last week's FOMC minutes, he says QE will continue until there are substantial labor market gains. Watch live here[View news story]
    JPM firing 14k employees so that the free money never ever stops. Its all bullshit
    Feb 26, 2013. 10:13 AM | 3 Likes Like |Link to Comment
  • Feb. Consumer Confidence: 69.6 vs. 61.0 expected, 58.4 in Jan. (revised). [View news story]
    An early spring fever, let me go out and spend spend spend
    Feb 26, 2013. 10:06 AM | Likes Like |Link to Comment
  • More on Case-Shiller: Home prices (the 20-city composite) gained 6.8% for all of 2012, the best performance since 2006. However, with prices on the upswing for nearly a full year now, the days of easy comparisons are over. "The strongest numbers may have already been seen," says S&P's David Blitzer. SPY +0.5%, QQQ +0.3% premarket. (full report[View news story]
    I live 20 minutes from manhattan in a neighborhood with decent schools and average median home prices of 400-450k. I see signs for sale go up and nothing gets sold. It's all still smoke and mirrors
    Feb 26, 2013. 09:37 AM | 2 Likes Like |Link to Comment
  • PepsiCo (PEP) lost ground in Thailand after its partner of 59 years in the region launched its own soft drinks in November, effectively cutting off the company's distribution network. The new brands from Thai Beverage grabbed 19% of the nation's market share in just two months. The bigger issue: Do Pepsico and Coca-Cola face the threat of local brands knocking their drinks off local shelves with manufacturing, marketing, and technology improved across Asia? [View news story]
    The threat they face is the realization that their product causes health issues.

    Water, and wine is all that should be consumed
    Feb 22, 2013. 10:12 AM | Likes Like |Link to Comment
  • "Although a number of businesses remain under pressure ... the likelihood of the bottom falling out appears diminished," says UBS' Steve Milunovich, upgrading H-P (HPQ +7.8%) to Neutral following its FQ1 beat. Interestingly, Milunovich has long called for a breakup of H-P (something Meg Whitman shot down), and it was just 2 days ago he suggested H-P might be to blame for a Foxconn hiring freeze. Deutsche is maintaining a Sell, arguing top-line performance remains weak and FQ1 cash flow was inflated by a tax benefit and smaller bonuses. (more) (transcript[View news story]
    ubs must be dumping their shares of HPQ
    Feb 22, 2013. 10:08 AM | Likes Like |Link to Comment
  • 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]
    I guess that justifies a 3800 p/e
    Jan 29, 2013. 04:25 PM | 10 Likes Like |Link to Comment
  • The nearly-always bullish Tom Lee of JPMorgan made news a couple of weeks back by actually sounding cautious. No more, the strategist takes to CNBC to talk about Dow 20K and S&P 500 2.5K in the next 4 years. "There's still a lot of investors fighting the tape ... We still have a taint on owning stocks." [View news story]
    why don't you place a standard deviation on the accumulated debt level in the same time period...and don't tell me debt doesn't matter and we can spend our way to prosperity bla bla bla and yada yada yada
    Jan 28, 2013. 05:42 PM | Likes Like |Link to Comment
  • "We were somewhat surprised/pleased by the magnitude," of Citigroup's (C +5.4%) anticipated savings, says Wells' Matt Burnell, reacting to the announced job cuts. He reiterates an Outperform, saying the move will accelerate the stock's run towards Citi's $53 in tangible book value. [View news story]
    I wonder if the 11000 being let go will be "Pleased" at the cost savings. I think you will see 26 before 53 Matt
    Dec 5, 2012. 11:50 AM | 2 Likes Like |Link to Comment
  • The unemployment rate remains "unacceptably high," says FRBNY President Dudley, promising to stay the course with QE∞, and take a hard look at amending it with more Treasury purchases in 2013. Instead of putting a number on what he wants to see for headline UE, Dudley will focus on a range of current and forward-looking indicators. [View news story]
    If we keep buying Mortgaged back securities that are under water from the irresponsible banks that made them and hold them, then the banks will go out and lend and businesses will hire.

    Its worked out so well in the past. Does anyone really still believe this horseshit
    Nov 29, 2012. 09:49 AM | Likes Like |Link to Comment
COMMENTS STATS
314 Comments
531 Likes