There's a 90% chance BB10 flops and BlackBerry (BBRY -3.7%) shares go to $7, argues MKM's Michael Genovese, who is cutting the smartphone vendor to Sell. Genovese claims less than 10% of the most popular Android apps, and less than 5% of the most popular iPhone apps, are available on BB10. He also thinks U.K. Z10 momentum has stalled, and that carrier checks "suggest unwillingness to carry heavy BB10 inventory." Several other firms have also issued critical notes on BlackBerry over the last 7 days (I, II, III, IV); shares -15% since the BB10 launch event. [View news story]
Lets just get this straight. 99% of Android and iPhone apps are garbage, so only having 10% and 5% respectively is more than satisfactory...
David Einhorn covers familiar territory, telling CNBC ZIRP is counterproductive and the Fed should hike 200-300 basis points. Amazon (AMZN): "It's very hard to compete against someone who doesn't feel compelled to make a profit," he says, adding that he's not short. Apple (AAPL): Substantially undervalued and headed for a $1T market cap. [View news story]
While most of its solar peers sell off, SolarCity (SCTY +11.1%) has soared to new post-IPO highs after five IPO underwriters launched coverage with bullish ratings. As a solar panel installer/electricity seller, SolarCity's business model is very different from those of module/wafer/polysilicon sellers struggling with major overcapacity, demand, and pricing problems. (2013 guidance) [View news story]
A spokesperson for McDonald's (MCD +0.6%) confirms the restaurant chain will test selling chicken wings at select outlets. Though the move into wings could help widen the menu gap with Burger King and Wendy's again, a national rollout would be risky with wholesale chicken wing prices high and Buffalo Wild Wings (BWLD -1.6%) a dominant force. [View news story]
And some said venturing into speciality coffees would be risky too.
The S&P 500 wasn't in the red YTD for even one single day in 2012. It's only happened 8 other times ever, with the last occurrence in 1979, according to BTIG Research. (via Mark Holowesko) [View news story]
A group of Green Mountain Coffee Roasters (GMCR) investors file a lawsuit against the company alleging demand for Keurig and K-Cup products has been intentionally exaggerated. A number of pension funds - including the Louisiana Municipal Police Employees’ Retirement System - are plaintiffs in the action. GMCR -0.5% premarket. [View news story]
Boo hoo. We lost lots of money betting on a high flier and now we're going to cry foul. A little due diligence here guys...
Implementation of Basel III capital rules threatens the U.S. mortgage industry, says the MBA in a letter sent to the major bank regulators. Not just will overall mortgage lending decline, but mortgage lending in otherwise perfectly acceptable areas will as well. Also, capital penalties on mortgage servicing rights are forcing banks to sell these assets to others who may not be as equipped to handle them. Wilbur Ross (OCN) disagrees. [View news story]
The mortgage industry threatens the mortgage industry...
General Motors (GM) and Ford (F) will announce next month that they will work together to study and develop new automatic transmissions designed to improve fuel economy. By joining forces, the automakers can split the investment costs for the development of gearboxes with 8, 9, and 10 speeds that could be the future of transmissions. [View news story]
Well said Phill. Look out Tony, big brother is watching you!
Facebook (FB +2.2%) is rallying today even though Oppenheimer lowered its target to $27 from $41, citing mobile concerns. A CNBC appearance by COO Sheryl Sandberg could be helping. Sandberg touted the effectiveness of Facebook's Promoted Posts product, as well as studies indicating healthy ROIs for ad campaigns. Regarding the company's display ad network plans, she claimed Facebook's ability to target narrow demographic groups would help it stand out. [View news story]
My browser disables all ads from pages I view. It only takes a couple of click to install the browser extension to do this... How does Facebook plan to target the 'competent, annoyed with ad revenue model' demographic?
The U.S. is headed for an industrial revival, a new Boston Consulting Group report says, driven by lower energy costs, higher labor expenses in competitors such as China and the potential to use idle U.S. port capacity for pushing up exports. "As a result, the U.S. has the potential to increase goods exports by up to $130B by 2020, [and] add 5M jobs to the U.S. economy." [View news story]
Who do they expect to purchase and consume these exports?
I saw your spreadsheet and had to double check that it wasn't a copy of one I made several years ago when I began investing. The spreadsheet convincingly demonstrates that power dividend growth and reinvestment. Great article.
The war on soda: A local ballot measure in Richmond, California to tax soda drinks starts to draw national attention in advance of November's election. If the measure passes, Richmond would be the first city in the country that placed a per-ounce tax on sugary drinks and could set off a wave of copycats. Meanwhile in NYC, details on Mayor Bloomberg's anti-obesity plan will be unveiled in less than two weeks and will surely have sugary drinks in focus. [View news story]
Because you'll still have to pay high tax for health insurance...
As the saying on Wall Street goes, “If Mama’s not happy, nobody’s happy.” Well, the mamas of the market are clearly unhappy - which could point to some rocky trading ahead. Downbeat earnings reports from GE and Microsoft (MSFT) this week are just the tip of a melting iceberg. Analysts have begun aggressively cutting Q3 forecasts as well. Consensus estimates now project the 30 companies that make up the Dow Jones Industrial average to post just 1% - 1.5% Y/Y top-line growth for the next quarter, down sharply from the 3% - 3.7% range projected just two months ago. [View news story]
Time to be a contrarian? Setting the bar low and beating is better than setting the bar too high and missing.
As part of the recent sale of Digg, a once-high-flying news-sharing site that was blown away by Facebook and Twitter, the Washington Post (WPO) reportedly ended up buying Digg's team for $12M (previous), and LinkedIn (LNKD) bought 15 of the company's patents for $3.75M-$4M. The site itself went to privately-owned Betaworks for $500K-$725K. Google hired Digg founder Kevin Rose in March. [View news story]
Digg was killed by its own blunders and a superior competitor - Reddit. Facebook and Twitter has nothing to do with it.
Hulu will air its first original programming on TV when the series "Spoilers with Kevin Smith" launches on Canadian network Space. The move marks another step closer to Hulu bumping up competitively against co-owners Disney (DIS), Comcast (CMCSA), and News Corp. (NWS) after it launched as a direct rival to Netflix and Amazon. [View news story]
Interesting that Hulu decided to air its first original content in a country that is not allowed to view Hulu. Still only Netflix as our only option (unless you're tech saavy)
There's a 90% chance BB10 flops and BlackBerry (BBRY -3.7%) shares go to $7, argues MKM's Michael Genovese, who is cutting the smartphone vendor to Sell. Genovese claims less than 10% of the most popular Android apps, and less than 5% of the most popular iPhone apps, are available on BB10. He also thinks U.K. Z10 momentum has stalled, and that carrier checks "suggest unwillingness to carry heavy BB10 inventory." Several other firms have also issued critical notes on BlackBerry over the last 7 days (I, II, III, IV); shares -15% since the BB10 launch event. [View news story]
David Einhorn covers familiar territory, telling CNBC ZIRP is counterproductive and the Fed should hike 200-300 basis points. Amazon (AMZN): "It's very hard to compete against someone who doesn't feel compelled to make a profit," he says, adding that he's not short. Apple (AAPL): Substantially undervalued and headed for a $1T market cap. [View news story]
While most of its solar peers sell off, SolarCity (SCTY +11.1%) has soared to new post-IPO highs after five IPO underwriters launched coverage with bullish ratings. As a solar panel installer/electricity seller, SolarCity's business model is very different from those of module/wafer/polysilicon sellers struggling with major overcapacity, demand, and pricing problems. (2013 guidance) [View news story]
2) Initiate coverage with BUY
3) ...
4) Profit.
A spokesperson for McDonald's (MCD +0.6%) confirms the restaurant chain will test selling chicken wings at select outlets. Though the move into wings could help widen the menu gap with Burger King and Wendy's again, a national rollout would be risky with wholesale chicken wing prices high and Buffalo Wild Wings (BWLD -1.6%) a dominant force. [View news story]
The S&P 500 wasn't in the red YTD for even one single day in 2012. It's only happened 8 other times ever, with the last occurrence in 1979, according to BTIG Research. (via Mark Holowesko) [View news story]
A group of Green Mountain Coffee Roasters (GMCR) investors file a lawsuit against the company alleging demand for Keurig and K-Cup products has been intentionally exaggerated. A number of pension funds - including the Louisiana Municipal Police Employees’ Retirement System - are plaintiffs in the action. GMCR -0.5% premarket. [View news story]
Implementation of Basel III capital rules threatens the U.S. mortgage industry, says the MBA in a letter sent to the major bank regulators. Not just will overall mortgage lending decline, but mortgage lending in otherwise perfectly acceptable areas will as well. Also, capital penalties on mortgage servicing rights are forcing banks to sell these assets to others who may not be as equipped to handle them. Wilbur Ross (OCN) disagrees. [View news story]
General Motors (GM) and Ford (F) will announce next month that they will work together to study and develop new automatic transmissions designed to improve fuel economy. By joining forces, the automakers can split the investment costs for the development of gearboxes with 8, 9, and 10 speeds that could be the future of transmissions. [View news story]
Facebook (FB +2.2%) is rallying today even though Oppenheimer lowered its target to $27 from $41, citing mobile concerns. A CNBC appearance by COO Sheryl Sandberg could be helping. Sandberg touted the effectiveness of Facebook's Promoted Posts product, as well as studies indicating healthy ROIs for ad campaigns. Regarding the company's display ad network plans, she claimed Facebook's ability to target narrow demographic groups would help it stand out. [View news story]
The U.S. is headed for an industrial revival, a new Boston Consulting Group report says, driven by lower energy costs, higher labor expenses in competitors such as China and the potential to use idle U.S. port capacity for pushing up exports. "As a result, the U.S. has the potential to increase goods exports by up to $130B by 2020, [and] add 5M jobs to the U.S. economy." [View news story]
What A Difference 10 Years Makes [View article]
The war on soda: A local ballot measure in Richmond, California to tax soda drinks starts to draw national attention in advance of November's election. If the measure passes, Richmond would be the first city in the country that placed a per-ounce tax on sugary drinks and could set off a wave of copycats. Meanwhile in NYC, details on Mayor Bloomberg's anti-obesity plan will be unveiled in less than two weeks and will surely have sugary drinks in focus. [View news story]
As the saying on Wall Street goes, “If Mama’s not happy, nobody’s happy.” Well, the mamas of the market are clearly unhappy - which could point to some rocky trading ahead. Downbeat earnings reports from GE and Microsoft (MSFT) this week are just the tip of a melting iceberg. Analysts have begun aggressively cutting Q3 forecasts as well. Consensus estimates now project the 30 companies that make up the Dow Jones Industrial average to post just 1% - 1.5% Y/Y top-line growth for the next quarter, down sharply from the 3% - 3.7% range projected just two months ago. [View news story]
As part of the recent sale of Digg, a once-high-flying news-sharing site that was blown away by Facebook and Twitter, the Washington Post (WPO) reportedly ended up buying Digg's team for $12M (previous), and LinkedIn (LNKD) bought 15 of the company's patents for $3.75M-$4M. The site itself went to privately-owned Betaworks for $500K-$725K. Google hired Digg founder Kevin Rose in March. [View news story]
Hulu will air its first original programming on TV when the series "Spoilers with Kevin Smith" launches on Canadian network Space. The move marks another step closer to Hulu bumping up competitively against co-owners Disney (DIS), Comcast (CMCSA), and News Corp. (NWS) after it launched as a direct rival to Netflix and Amazon. [View news story]