Last night Netflix soared on earnings and lower forward guidance didn’t count–today?
After the market close yesterday, October 16, Netflix (NFLX) announced third quarter earnings of 89 cents a share, a huge 21 cents a share above Wall Street projections. Revenues climbed 34% year over year to $4 billion against analyst estimates of $3.99 billion. The...
My “best-estimate” scenario for the U.S. stock market for the next 60 days
Let’s start with a perhaps less obvious question: Why 60 days? Because that will take us through the historically volatile months of September and October (when fear can beget fear) to the middle of November, which historically tends to mark a turn in the...
Amazon to the earnings rescue after Facebook plunge
A day after Facebook (FB) told Wall Street analysts to expect slower growth for the rest of 2018 (and saw its stock plunge 18.96%) Amazon (AMZN) beat Wall Street earnings projections by a massive $2.58 a share, reporting earnings for the second quarter of $5.07 versus...
Facebook closes down 18.96% on the day
Golly gee, what could be the big story in the U.S. markets today? How about the rout in Facebook (FB) shares–down 18.96% or $41.24 to $176 at the close. That $112 billion dollar drop in the market value of Facebook gives the company the record for the largest...
Raising target price on Microsoft in Jubak Picks Portfolio after earnings
Going into yesterday’s earnings report from Microsoft, I felt torn. On the one hand, the stock had hit an all time record high on the strong guidance for the June quarter back in April. How much higher could the stock go? Would guidance for the September quarter...
Bank of America beats on earnings, confirms 25% dividend hike
Shares of Bank of America (BAC) closed 4.27% higher today after the company announced second quarter earnings of 63 cents a share, 6 cents a share above the Wall Street consensus. Revenue fell 0.9% year over year but at $22.6 billion it still exceeded the $22.5...
My baseline U.S. stock market scenario for the next 30 days
So much negative uncertainty from big possible events. Such strong short term earnings fundamentals. How will these all balance out? Before I get to my take on the answer to that question let’s take a brief stop to look at what a baseline scenario is and why...
GOOG gets hit by market profit margin fears even after good earnings
Some times in the financial markets, the numbers aren’t as important as the narrative. I think that was the case with Alphabet (GOOG), Tuesday, April 24. Monday after the market close Alphabet reported first quarter earnings of $9.93. That was a healthy 64 cents...
This is as good as it gets, says Goldman Sachs: Why that’s important to you in thinking about the next leg in this stock market
On Thursday February 22, Goldman Sachs wrote in a note to clients that the economic macro data as likely to be “as good as it gets.” This isn’t, in my opinion, a call for an immediate plunge in the markets. But with U.S. stocks trading near all time...
For shares of Bank of America and Goldman Sachs it’s all about the future
Certainly no one cheered when Bank of America (BAC) and Goldman Sachs (GS) announced big one-time hits from the recently passed tax bill, but as with JP Morgan Chase (JPM) and Wells Fargo (WFC) last week, the big deal for investors was what these huge financial...
Tesla flunks today’s earnings report on both car production rate and cash burn
It’s not clear what is the bigger piece of bad news in today’s third quarter earnings report from Tesla (TSLA). You pick. Was it the amazing cash burn or the admission that the company still couldn’t produce its Model 3. The second? Okay. Tesla...
Facebook reports earnings beat; good set up for Apple earnings tomorrow
Facebook (FB) announced third quarter earnings of $1.59 a share today after the market closed. That was 31 cents a share better than the Wall Street consensus. Revenue climbed 47.3% year over year to $10.33 billion, ahead of projections for $9.84 billion. Last quarter...
Can Apple, Facebook, Alibaba keep the earnings bandwagon rolling?
Another very heavy week for earnings will reach a crescendo on Thursday, November 2. The excitement isn’t surprising after the huge earnings that Amazon (AMZN), Alphabet (GOOG), Microsoft (MSFT), and Intel (INTC) delivered this past Thursday, October 26. This...
Tech giants crush earnings after close today: AMZN, GOOG, MSFT, INTC
Just the bare facts. And on the bare facts of earnings from Alphabet, Amazon, Microsoft, and Intel it’s hard to see the market doing anything but climbing tomorrow. Â Alphabet (GOOG) beats by $1.17 a share on earnings. Revenue climbed 23.7% yer over year to...
A wild week for earnings announcements
Enough changes in direction this week in earnings reports to keep your head spinning. We go from earnings results from the “old economy” to tech behemoths to Big Oil. This week starts off with a truckload of earnings reports from bellwethers of the...
Earnings day of truth for General Electric tomorrow
There’s little doubt that tomorrow’s third quarter earnings report from General Electric–due before the market opens–will be one of those kitchen sink quarters. New CEO John Flannery is sure to want to mark his accession to the corner office...
IBM’s “almost” revenue growth powers Dow
Who says “Almost” only counts in horseshoes? IBM (IBM) announced a 0.4% year over year decline in third-quarter revenue –making it 22 straight quarters of declining revenue–but the 0.4% drop is the closest that IBM has come to revenue growth in...
Will third quarter earnings support record prices in stocks?
I know it’s quaint, but let’s take a look a fundamentals–specifically estimated earnings for the third quarter of 2017. With stocks near record highs, it would be reassuring if the quarter was showing solid forecasted earnings growth. Here’s...
Will these beats by Microsoft, Intel, Alphabet and Amazon be enough for the market tomorrow?
Today was a big earnings day and four of the bellwether stocks reporting beat Wall Street expectations on earnings for the first quarter. Will those beats be enough for the market tomorrow or will we get a sell on the good news reaction? Here are the results, the...
Optimism reigns as we head into first quarter earnings
As of April 7 Wall Street analysts are expecting year over year earnings growth of 9.2% for the stocks in the Standard & Poor’s 500 for the first quarter of 2017, according to Yardeni Research. FactSet’s estimates are just slightly lower at 8.9% year...
Apple plays the earnings game and wins–at least for today
All the headlines that I’ve seen after Apple (AAPL) reported earnings for the December quarter (first quarter of the 2017 fiscal year) after the market close today say that Apple beat Wall Street projections by 14 cents a share on earnings. Which sounds...
Sales growth without profits for the holidays?
Solid growth in retail sales for the November and December holiday shopping season. Retail profits not so much. For November, advance estimates show retail and food services sales climbing 3.7% from November 2015, according to the U.S. Census Bureau. For December,...
Facebook beats earnings expectations yesterday but plunges today
Facebook (FB) crushed Wall Street expectations for the third quarter when it announced earnings after the close yesterday. And yet the shares closed down 5.68% today to $119.95. How come? Some of it is the general market nervous that I spelled out in my Morning...
3 moves for a vulnerable market
If this market is vulnerable, what should I do? I’ve been asked that question repeatedly since I first called this market vulnerable back in my October 11 post “Suddenly U.S. stocks seem vulnerable.” To answer that–the what should I do...
Another indicator: Will the market reward Netflix blowout earnings tomorrow?
Netflix reported third quarter earnings of 12 cents a share, beating the Wall Street consensus by 7 cents a share. Revenue climbed 31.7% to meet Wall Street expectations. And the company raised guidance for the fourth quarter of earnings of 13 cents a share versus the...
Today’s IBM earnings will provide an indicator of market direction tomorrow
The market reaction tomorrow to IBM’s third quarter earnings, announced after the close today, will tell investors and traders a lot about what this market regards as a disappointment and how vulnerable U.S. stocks are to less than exciting earnings results. IBM...
Q3 is almost over–will it continue the earnings recession?
Amidst the worry over global growth, interest rates, and central bank stimulus, it’s easy to lose track of the earnings picture for a third quarter that’s due to close in two-and-a-half weeks. Or maybe that’s because no one really wants to focus on...
Qualcomm: Now that’s a surprise
Update July 21. After the close of the market yesterday, July 20, Qualcomm (QCOM), the biggest maker of chips that run mobile phones, reported net income of 97 cent a share for the quarter that ended on June 26. That beat the 73 cents a share earned in June quarter of...
Looking at the Microsoft earnings beat that wasn’t
Shares of Microsoft (MSFT) closed up 5.31% today after the company announced earnings that beat Wall Street projections. It’s always worth taking a look at what “beating Wall Street projections” actually means in any specific case. Lowering...Jim’s Daily Email Alerts:
Every post from Jubak Picks straight to your mailbox. And they're free!