European Central Bank (ECB) President Mario Draghi spoke this morning; his comments were not very surprising and American politics win the front page for the day. Mr. Draghi is clearly not in a rush to tighten policy any time soon, allowing Andrew Hall and Ben Nye to take a look at two very American companies, prior to an in-depth panel discussion of the third and final 2016 Presidential Debate.
First, monthly subscribers were the talk of the Street this morning when Verizon Wireless (NYSE:VZ) reported its third quarter earnings results. The big miss came in tablets, while phones fell short only at the margin. In the video, Andrew and Ben discuss the consequences of the revenue miss and talk about their longer term view of the firm. The key, they say, is to examine whether or not the terminal value has shifted and adjust one's view of the stock accordingly.
Second, American Express (NYSE:AXP) recently rolled off of its major contract with Costco (NASDAQ:COST). The company's revenue is weak, but that is to be expected. Indeed, AXP raised guidance for the full year and provided guidance that was ahead of Street expectations for 2016. A closer look at delinquency rates show an absence of red flags regarding credit quality, which has been a concern for AXP bears.
Later, Andrew and Ben join the rest of the team in an in-depth panel discussion of last night's final 2016 presidential debate. Watch the video in its entirety or skip to the end to see how the guys handicap the race now and predict how it will (mercifully) conclude.
Next week we plan to preview a number of earnings reports. We have a few on our list, but send us your tickers and questions to @tuskmediallc or in the comment section here, and we will do our best to provide you with an analytical preview of your requested reports.
Comment and tell us a stock you would like for us to cover!
Disclosure: I am/we are long VZ, AXP, OA.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.