firing up my L2's
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DSX earnings/chart
Reports Q2 (Jun) earnings of $0.21 per share, $0.02 better than the Capital IQ Consensus Estimate of $0.19; revenues fell 10.3% year/year to $58.2 mln vs the $55.44 mln consensus. Time charter revenues were $57.6 million for Q2 of 2012, compared to $64.6 million for the same period of 2011, mainly due to reduced time charter rates. Separately, the Co also announced that it has entered into time charter contracts with Ultrabulk A/S, Copenhagen, Denmark, through separate wholly-owned subsidiaries, for two of its Panamax dry bulk carriers, the m/v "Naias" and the m/v "Oceanis". The gross charter rate for each vessel is US$9,250/day, minus a 5% commission paid to third parties, for a period of minimum seventeen months to maximum twenty-three months.
lol...the paulbots still in action I see
WTW 44.50 ah trading, color: Reports Q2 (Jun) earnings of $1.36 per share, in-line with the Capital IQ Consensus Estimate consensus of $1.36; revenues fell 0.2% year/year to $484.8 mln vs the $495.85 mln consensus. Co issues downside guidance for FY12, lowers EPS to $4.00-4.20 from $4.60-4.80 vs. $4.60 Capital IQ Consensus Estimate. "Second quarter 2012 results were in line with our expectations, benefiting from 11% total paid weeks growth in the quarter versus the prior year period. Yet, since June we have seen a weakening in our trends so we are taking a more cautious view of our business for the second half of the year in light of difficult macro-economic trends, particularly in consumer sentiment."
shorting this terdski into earnings tomorrow morning, if CNW disappointed there isn't much hope for YRCW's numbers imo
Tanker WTW earnings amc, doubt they have reversed downward momentum in sales, last Q and chart 1 back
ISM still contracting though...guess the street is happy about housing
JCP falling, cleveland research notes always good for a trade
must have been some big market sell-on-close orders hanging out there....
article sheds a little light on the recent strength in the market imo
Wall Street Already Betting on Who Wins in November
http://finance.yahoo.com/news/wall-street-already-betting-wins-191242763.html
With just 100 days left until the U.S. presidential election, investors are beginning to make bigger bets on which candidate will carry the day.
One analysis concludes that last week's sharp three-day market surge can only mean that Wall Street is banking on a victory from Republican Mitt Romney.
That's the logical interpretation one can draw from a rally amid conditions that otherwise would demand a selloff, Morgan Stanley chief U.S. equity strategist Adam S. Parker said in an analysis that asserts there is no other reason now to like stocks than a Romney win.
"The problem is that it's impossible to be bullish and right for the right reasons," Parker said in a note to clients in which he reiterated his 2012 price target for the Standard & Poor's 500 (^GSPC) at 1,214, which would mark a 12 percent drop from the current level.
"Nearly every day someone expresses surprise that our base case is for the equity market to be down by 10-15 percent. Why is this so hard to believe? The market has had eight 10 percent down moves in the last 12 years," Parker said. "We think a better question is why more people don't forecast that the next 10-15 percent move is down than up?"
Parker cites weak earnings and the likelihood that central bankers won't be able to continue to save the day as bolstering the case against equities. The near-zero interest rate policies from the Federal Reserve and now the European Central Bank, in fact, are weakening the outlook for stock multiples, he said.
The conclusion Parker draws is that investors are betting that Romney will unseat President Obama and bring a more business-friendly environment to the White House.
"At the end of the day, we are not really worried that Europe is going to be 'solved' or that its economy will strongly grow. We also don't think strong corporate profitability relative to expectations will save the day," he said.
"To us, the biggest bull case for US equities is based on the huge cash balances and the potential belief that they will be more actively and productively deployed. The biggest possibility here would be Romney winning the presidential election."
The conclusion, though, is not completely supported, either by past or present conditions.
Historically, moves higher in the market usually mean the incumbent president is likely to win, while sell-offs simply indicate the challenger is favored, according to research from S&P/Capital IQ.
The markets, however, go by their own logic.
"Many investors I have spoken with believe that if the S&P 500 should rise between July 31 and Oct. 31, it would signal an impending Romney victory," said Sam Stovall, chief equity strategist at S&P.
"The recovering market would be a sign that the perceived anti-Wall Street policies of the current administration will soon come to an end, as the incumbent would be replaced and that a plurality on the Potomac might even return as a result of the early November outcome," he added. "Unfortunately for these presumptive prognosticators, history indicates, but does not guarantee, that the opposite has usually been true."
The trend, Stovall said, has been accurate 82 percent of the time over the past century.
Present indications, meanwhile, paint a mixed picture.
Recent polls have the race in nearly a dead heat, with the Real Clear Politics consensus putting Obama up by less than 2 percentage points.
At the same time, Intrade, the online forum that allows investors to bet on outcomes of various events, has Obama with a firm 57 percent likelihood of re-election.
Put together, the picture is one of uncertainty and an electorate and investor population that has not made up its mind yet about who should be the next president.
"Things like the European sovereign debt crisis, for example, or the pending fiscal cliff are probably first and foremost in the market's mind. A slowing global economy probably falls in there as well," said Art Hogan, managing director and head of product strategy at Lazard Capital Markets in New York. "It's hard to know how much the election process is playing into that."
Hogan expects Wall Street will cast a decisive vote, but probably isn't ready yet.
"The fact that the election is so close now speaks volumes about how much we are concerned about the current economic situation in the United States," he said. "The conventional wisdom indicates that Wall Street would rather see a fiscal conservative Republican win. That's sort of a free-market capitalist concept, except for the fact that history doesn't play that out. What's typically better for Wall Street is some sort of gridlock."
With the polls showing a race still ripe for the taking, the economic picture of the last four years and the next four years likely will come down to 100 days' worth of news.
"Right now the markets are just dealing with what's at hand," said Quincy Krosby, chief market strategist at Prudential Annuities in Newark, N.J. "The market can only handle so many things at one time."
Good thought from Kass that is bearish:@DougKass
The better consumer confidence read, coupled with the better than expected Chhicago PMI - also argues poorly for more cowbell this week. (cowbell=fed action)
good thought there ico
Are people delirious from the heat? Don't see why ppl are so "confident"
gratz on the tiara dude, u on fire
yep...market propped by stimulus hopes, bad news = market ramp
prolly...the divi is nice too cuz the shorts will owe it if they don't cover, not a huge amount per share but still...
JVA--good thought there on the PEET buyout..fergot about it
yeah...subbers gonna be twice as hard from now on...have to wait til jan so ihubbers have money from tax refunds lol
I tried it for a couple months a couple years ago...got bored of it and shut down my account. My dad did too. Most of the posting on FB is a pure waste of time to read with the exception of fam pictures
Stocks to watch
By Anna Prior
Among the companies with shares expected to actively trade in Friday's
session are Facebook Inc. (FB), Starbucks Corp. (SBUX) and AuthenTec Inc.
(AUTH).
Facebook Inc. (FB) posted a second-quarter loss--due largely to heavy
employee-compensation costs and other rising expenses--and offered little
insight into its progress in making money through mobile devices. Shares
slumped 16% to $22.46 in premarket trading.
Starbucks Corp.'s (SBUX) fiscal third-quarter earnings rose 19%, but the
coffee giant said it saw slowing same-store sales growth in June and lowered
its earnings guidance going forward. Earnings missed the company's own and
analysts' estimates, marking the first time since the quarter ended December
2008 that Starbucks has fallen short of analysts' expectations. Shares fell 10%
to $47.10 premarket. Shares of competitor Caribou Coffee Co. (CBOU) also fell
6.4% to $11.20.
IT-security firm AuthenTec Inc. (AUTH) shares surged premarket on news that
Apple Inc. (AAPL) has agreed to buy the fingerprint authentication sensor maker
for about $350 million. AuthenTec holders will receive $8 a share in cash, a
58% premium over Thursday's close. Shares are up 61% to $8.15.
Expedia Inc.'s (EXPE) robust hotel revenue growth offset pressure from
continued heavy technology spending, keeping the second quarter's profit
decline unexpectedly shallow. Since online travel agencies have posted mixed
results, the better-than-expected results from Expedia were welcome news for
investors uncertain about how the industry is faring. Shares jumped 16% to
$53.00 in premarket trading, with shares of competitor Priceline.com Inc.
(PCLN) also up 2.2% to $642.32.
Better-than-feared second-quarter results at Arch Coal Inc. (ACI) gave the
coal company a boost premarket, with shares up 12% to $5.90. Despite logging
$624 million of write-downs and cutting its 2012 sales forecast, Arch Coal
anticipates second-half volumes to be "slightly higher" overall. Also, CFO John
Drexler notes the company now has no debt maturing for four years, giving the
company financial flexibility to deal with a prolonged and sustained downturn.
Although Coinstar Inc.'s (CSTR) second-quarter earnings jumped 38% as the
company again saw growth in its Redbox DVD-rental business results, shares fell
14% to $50.95 premarket as revenue grew less than analysts expected.
Deckers Outdoor Corp.'s (DECK) second-quarter loss widened as the footwear
maker's expenses continued to offset sales gains. But the company's earnings
and revenue, helped by an acquisition, beat Wall Street estimates, and shares
jumped 14% to $47.87 in premarket trading.
Shares of OCZ Technology Group Inc. (OCZ) surged 19% to $6.50 Friday amid
media reports that Seagate Technology Inc. (STX) is weighing an acquisition of
the data-storage company. Representatives for both companies were not
immediately available for comment.
Green Dot Corp.'s (GDOT) second-quarter earnings slipped 1.5% as the provider
of prepaid financial services' margins weakened. Shares dropped 46% to $12.71
premarket as results missed analyst expectations and as the company also
lowered its full-year outlook, citing a greater level of uncertainty in the
prepaid market.
Netgear Inc.'s (NTGR) second-quarter earnings rose 4.5% as the networking
company's revenue improved, though adjusted profits missed analyst
expectations. Shares declined 17% to $29.00 in premarket trading as the company
also offered a downbeat outlook for the current quarter.
Amgen Inc.'s (AMGN) second-quarter earnings rose 8.2% as weaker sales of the
biopharmaceutical company's anemia drugs were offset by growth of other
treatments. Shares rose 3.4% to $82.00 premarket.
Acme Packet Inc. (APKT) swung to a slight loss in its second-quarter as the
data-delivery company's revenue and margins weakened. Shares slid 16% to $13.53
premarket as the company sharply lowered its full-year guidance.
-For continuously updated news from The Wall Street Journal, see WSJ.com at
http://wsj.com.
(END) Dow Jones Newswires
July 27, 2012 09:17 ET (13:17 GMT)
Copyright (c) 2012 Dow Jones & Company, Inc.
072712 13:17 -- GMT
oops! strong quarter from ACI
APKT...great insight there ico...next time you have some tech jargon like that I might make a trade on it...spot on
worst summer in a while imo...at least IPRU ran for u
OT: Barney Frank is a jackass.
I kinda agree on ZNGA...the CEO looks like a twerp to me
RT chart/earnings color
Reports Q4 (May) earnings of $0.21 per share, excluding non-recurring items, $0.04 worse than the Capital IQ Consensus Estimate of $0.25; revenues rose 2.9% year/year to $363.2 mln vs the $358.87 mln consensus. Co issues downside guidance for FY13, sees EPS of $0.24-0.34, excluding non-recurring items, vs. $0.44 Capital IQ Consensus Estimate, with comps flat to +2% and restaurant operating margins +100-150 bps.
RT chart/earnings color
Reports Q4 (May) earnings of $0.21 per share, excluding non-recurring items, $0.04 worse than the Capital IQ Consensus Estimate of $0.25; revenues rose 2.9% year/year to $363.2 mln vs the $358.87 mln consensus. Co issues downside guidance for FY13, sees EPS of $0.24-0.34, excluding non-recurring items, vs. $0.44 Capital IQ Consensus Estimate, with comps flat to +2% and restaurant operating margins +100-150 bps.
Yep...and even with that pop in the indexes coal stocks languish...good risk/reward shorts imo
yep if BTU had ugly earnings no one else stands a chance...
Tanker VPRT earnings amc