One might observe that Senator Chuck Schumer caved in rather easily to McConnell and the White House, who are not particularly adept. And they may be right.One cannot take a stand against hard opposition unless they have the anchor of strong first principles on which to gain a foothold. And seeing their victory, stocks went…
Netflix, Inc. (NASDAQ:NFLX) released its latest earnings report after closing bell this afternoon. Netflix earnings came in at 41 cents per share on $3.3 billion in revenue for the fourth quarter, both of which were in line with estimates. In the same quarter a year ago, the streaming giant reported earnings of 15 cents per share…
Cryptocurrencies are falling, very hard. What’s interesting is that many investors were seduced to buy after prices went up 10-fold. Now that most crypto prices have retraced 50 to 70 percent they are seduced to sell. Buy low, sell high,right? Simple fact? Not that simple, apparently, at least not to apply consistently. Because it ‘felt’…
The prompt month February natural gas contract logged another percent of gains today, settling easily off the highs after a decent gap up last evening but still finding support mid-morning after a heavy wave of selling. The main story of the day, however, was the widely varying movement in contract prices along the front of…
Netflix stock is exploding higher to new all time highs, a repeat of what it did last quarter, soaring above its all time high price, up over 9% above $247 per share after reporting Q4 numbers which while beating slightly on revenues ($3.29Bn, Exp. $3.28Bn), and beating modestly on non-GAAP EPS (Adj. EPS$0.41, exp. $0.41),…
We opened the week with a quiet, low volume Monday but with plenty of central bank activity scheduled to look forward to. Given the US shutdown started midnight Friday, the news over the weekend appears to be somewhat muted, but unless it continues for a longer period it is unlikely to have economic consequences. The…
Government Shutdown Ends The government shutdown matters to the economy; I talk it down because the media likes to exaggerate its importance. The good news is it looks like it will end soon as of Monday after it went on for just 3 days. The chart below shows all the government shutdowns since 1976. As…
Biotech M&A from Sanofi (SNY) and Celgene (CELG) Deals of $20B Sparks Hot Trading in Sector XBI is up 5% to a breakout level, IBB up 2.88% as of 2P trading. bluebird bio (BLUE) another CAR-T leader soars over 12%. Broad rally with green screen especially with small caps. Two major deals sparked a broad rally…
Summary Benjamin Graham, the father of value investing, used to publish a revision of “The Intelligent Investor” every 5 years. In Chapter 1, he would advice the investor on the relative allocation between stocks and bonds, based on prevailing yields and market conditions. We apply his thought process to the conditions seen in January 2018,…
For each stock, we highlight its current EPS and revenue estimate along with its historical beat rates. We also provide the stock’s average one-day percentage change following past reports and its absolute one-day percentage change (to measure stock volatility in reaction to earnings). Netflix (NFLX) reports after the close today, and historically it has averaged…
