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$KORS +14% up at $87... reports Q3 EPS $1.11, consensus 86c Reports Q3 revenue $1.0B, consensus $859.94M. ....not bad, blew hinges off the mink lined doors
make that 88 +15%
Blow out,
- Michael Kors Holdings Ltd reported a 77 percent jump in third-quarter profit as shoppers snapped up its handbags and accessories.
The company said net income rose to $229.6 million, or $1.11 per share, from $130.0 million, or 64 cents per share, a year earlier.
Total revenue rose 59 percent to $1.01 billion in the quarter ended Dec. 28.
Comparable store sales rose 27.8 percent.
European banks have high exposure to emerging markets, Reuters says
European banks have made more than $3T of loans to emerging markets, and HSBC (HBC) and Santander (SAN) are two of the continent's banks with the most exposure, according to Reuters. European banks have loaned more than four times as much money than American banks to emerging markets, the news service added. Other publicly traded European banks include Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS).
HLF irony of trading, on red day when SPY drops $4 finds HLF up +7%.
Mama Don't Allow No Skiffle In Around Here~ Jimmy Page 1rst stage debut in 1957
Later in the clip states he was going to become a biological researcher, guess years later Led Zeplin trying to bang that naked female groupie up Seattle with the dead sand shark qualifies for some biological research, the excesses of fame & R&R... Jimmy Page was always such an innocent lad.
"Time is On My Side"....the original, the Stones did the cover of Irma Thomas
https://www.youtube.com/watch?v=w_ArDnZrmi0&feature=player_embedded
Maki Shizusawa has those Kimono blues
That big red guitar almost as big as she is, beautiful, but not too high paying a gig in Japonese society, you really have to love it to do it.
https://www.youtube.com/watch?v=33J15nBXVXw&feature=player_embedded
The Rolling Stones - Can't You Hear Me Knocking - 1971
https://www.youtube.com/watch?v=3fa4HUiFJ6c&feature=player_embedded
Voodoo Chile-Jimi Hendrix / Gayageum version by Luna on Koto !
This is real fun tribute, she rocks it, lotus koto fashion ;o)
Closing Wrap
Stocks on Wall Street were sharply lower, with each of the major averages losing more than 2% in the first trading session of the month. The averages opened slightly higher but quickly started losing ground following weaker-than-expected manufacturing data in the U.S. The downside momentum did not relent, sending the averages to close near their worst levels. ECONOMIC EVENTS: In the U.S., ISM's manufacturing Purchasing Ma
nagers' Index, or PMI, for January plunged to 51.3, a significantly worse than forecast decline. A separate manufacturing PMI for January from Markit was unchanged from the preliminary 53.7 reading, though that was down 1.3 points from December's 55.0 figure. Construction spending inched up 0.1% in December, versus expectations for it to have remained flat. In China, data released over the weekend showed factory growth slumped to a six-month low in January, with the nation's official manufacturing PMI falling to 50.5 in January from 51 last month. China's official non-manufacturing PMI fell to 53.4 in January from 54.6 in December. The lone bright spot among the global manufacturing data releases came from Europe, where Markit's eurozone manufacturing sector PMI rose to a 32-month high of 54 points in January from 52.7 in December.
COMPANY NEWS: Ford (F) reported January U.S. sales that declined 7% from a year ago, while General Motors (GM) reported an even worse decline of nearly 12% for the month. Fiat-owned (FIATY) Chrysler was the only one of the Big Three automakers to report a sales increase in the month, reporting sales that rose 8%. Japanese carmakers Toyota (TM) and Honda (HMC) also reported U.S. sales that fell from last year's levels in January.
MAJOR MOVERS: Among the the S&P 500's biggest gainers was ArthroCare (ARTC), which gained $3.74, or 8.24%, to $49.12 after agreeing to be acquired by the U.K.'s Smith & Nephew (SNN) for $1.7B, or $48.25 per share. Also higher was BioTelemetry (BEAT), gaining $1.61, or 22.09%, to $8.90 after the company announced it achieved a victory in its patent infringement case against Mednet, which it subsequently agreed to acquire for $16M in a deal expected to add $4M-$5M to EBITDA post-integration. Among the noteworthy losers was Jos. A. Bank (JOSB), down $2.83, or 5.03%, to $53.39 after The Wall Street Journal reported the company is in talks to buy sportswear retailer Eddie Bauer. Shares of Men's Wearhouse (MW) also fell $3.73, or 7.76%, to $44.31 following the report, as an Eddie Bauer acquisition by Jos. A. Bank could complicate its ongoing takeover efforts, which Jos. A. Bank called "inadequate" in a letter to Men's Wearhouse this weekend. Also lower was food distributor SYSCO (SYY), down 57c, or 1.62%, to $34.51 after reporting adjusted earnings that were in-line with expectations on revenues that came in a bit below expectations.
INDEXES: The Dow fell 326.05, or 2.08%, to 15,372.80, the Nasdaq dropped 106.92, or 2.61%, to 3,996.96, and the S&P 500 declined 40.70, or 2.28%, to 1,741.89
Classic winding down, proftaking& swoon from our SPY's dub top at 185, they always do those manipulated dub~tops for plenty time to sell at tops for max profs, reposition,go short, whatever. Then they find some reason to sell things off..
You'd think warnings from BBY BBBY & so many retailers all would have been a signal, not even DB upgrades & other shameless pumpers could save AMZN from further declines.
QIHU did do the 100+ tag early in am, then sayonara from there, SINA what a rout from the DT @90?
Earnings February 3 - 7 some of the bigger names include:
•Monday: Pre Market - SYY, GOLD
?After Hours - SU, HIG, YUM, APC, PFG, UGI, CCK, MDU, PRE, APU, TMK, CFN, TTWO, GGP, HOLX, EW
•Tuesday: Pre Market - BP, ADM, HCA, IP, UPS, EMR, ETN, DLPH, AGCO, CNC, ACM, BDX, BSX, R, FIS, AXe, SE, GCI, ABG, CLX, MHFI, SIRI, XYL, KORS, CHD, ACI, CME
?After Hours - AFL, CHRW, AMP, GILD, BSAC, UNM, GNW, GAS, ATO, CERN, EQR, CVD, DV, BWLD
•Wednesday: Pre Market - MRK, HUM, TWX, ARW, EL, ADP, CTSH, GPI, CCE, RL, AGN, LVLT, NS, IACI, NDAQ, CVG,
After Hours - DIS, PAGP, PRU, PAA, TSO, ALL, ARMK, MRO, LNC, AIZ, CBG, ORLY, GMCR, XL, CNW, FISV, NXPI, RE, CINF, THG, FMC, WGL, GPRE, AKAM, SFLY, TWTR, P, YELP
•Thursday: ?Pre Market - SNE, GM, AET, FOXA, AZN, CS, EXC, BCE, TEVA, CMI, K, PPL, SEE, INGR, NU, SPR, AAP, NBL, RFP, ADS, WEC, GPK, NUS, PRGO, TW, USG, AOL, VMC, SMG, MWW, DNKN, PBH
?During Market Hours -PM
?After Hours - ATVI, RSG, FTI, EXPE, LGF, ONNN, TPX, OUTR, LNKD, BYI, VRSN, ATHN, OPEN,
•Friday: ?Pre Market - MT, CI, LH, UFS, BPL, WYN, AXL, MCO, BEAM, APO, MSG, FLIR, SIRO, CBOE
?After Hours - CCJ
This week's top 20 % gainers•
Technology: INFN (8.73 +23.11%), ACCL (12.58 +20.06%), GAME (6.45 +18.52%), CLFD (24.95 +18.48%), VRNG (4.29 +15.28%), FSL (18.13 +14.41%)
•Services: ISLE (9.56 +13.7%)
•Healthcare: PRAN (11.6 +39.32%), ARWR (15.34 +30.77%), BDSI (7.85 +28.64%), CSII (33.92 +19.39%), PRTA (30.94 +18.89%), CORT (3.44 +18.79%), ALXN (158.73 +17.44%), HZNP (9.86 +16.88%), TXMD (6.58 +14.43%)
•Consumer Goods: UA (108.11 +24.86%), PBI (25.18 +15.5%), HAR (103.43 +14.23%)
•Basic Materials: KRA (25.01 +13.39%)
This week's top 20 % losers •Technology:
NSR (33.89 -22.95%), VIP (9.69 -22.06%), NTLS (16.41 -18.17%), IGT (14.43 -17.28%), SHOR (7.7 -16.4%)
•Services: ESI (29.4 -33.32%), OSTK (21.06 -23.78%), EDMC (6.93 -22.68%), RCII (24.94 -20.26%), ADT (30.04 -19.11%), NGVC (37.97 -17.22%), JCP (5.92 -15.64%)
•Healthcare: PGNX (4.78 -22.73%), EPZM (30.4 -19.95%), CTIC (3.19 -19.61%), CEMP (11.89 -16.74%), SPPI (8.41 -15.92%)
•Financial: WETF (14.11 -18.9%), FNFG (8.64 -17.21%)
Consumer Goods: BDE (10.65 -16.21%)
SPY goes green , FEYE monster again, GMCR ER next weds, Herb Greenberg's baby...
BWLD was the perfect symp play to CMG, also march madness just up ahead
WYNN bulls totally in control retest top here after ER
On The Fly: Midday Wrap
Stocks on Wall Street were sharply lower at the outset, but the averages have managed to cut their losses in half from that early low point. The market is approaching correction territory and investors may have tried to take advantage of stocks being beaten up to add to positions. With today's slide the market is putting the finishing touches on its first losing month since August.
ECONOMIC EVENTS: In the U.S., personal income was reported to be flat in December, versus expectations for it to have grown 0.2%, though spending rose 0.4%, which was above the forecast for spending growth of 0.2%. Employment costs rose 0.5% during the fourth quarter, versus the expected increase of 0.4%. The Chicago ISM business barometer dropped to 59.6 in January from 60.8 in December, though that was a little better than analysts forecast for it to slip to 59.5. The University of Michigan consumer sentiment index fell to 81.2 in the final January print, though that was close to expectations. In Europe, reports on the labor market and inflation suggested that the ECB will be under pressure to provide more monetary stimulus. The unemployment rate in the euro zone was 12% in December, unchanged since October after a revision of prior months’ data. The inflation rate came in at 0.7% in January, which is down from 0.8% in December and significantly lower than economists expected. The “core” rate excluding energy, food, alcohol and tobacco, rose to 0.8% in January from 0.7% in the prior month. COMPANY NEWS: The world's largest retailer, Wal-Mart (WMT), warned that its profits for its Holiday quarter and for the year may come in at or slightly below its prior view. The company said two factors contributed to its lower than expected comparable store sales performance in the U.S., namely a greater than expected impact from the government's changes to its nutrition assistance program and eight named winter storms that forced store closures and hurt traffic throughout the quarter.
Despite the downbeat view, shares of the company were fractionally higher near noon... Shares of another retail giant, on-line retailer Amazon.com (AMZN), fell 9% after the company’s fourth quarter results and first quarter guidance fell short of analysts’ expectations. Despite earnings and revenue that came in below forecasts, analyst commentary was mostly positive this morning, as four separate research firms raised their respective price targets on Amazon... Google (GOOG) edged closer to $1,200 per share, rising almost 4% near noon after its quarterly report last night revealed profits that fell a bit short of expectations but revenues that exceeded the consensus estimate. Several firms ratcheted up their price targets on the search leader's shares after the report, with FBN Securities bumping its price target for Google to $1,400, citing the company's strong paid click growth and improving network revenue. MAJOR MOVERS: Among the notable gainers was Zynga (ZNGA), which advanced 16% after the company reported a narrower-than-expected quarterly loss and said it expects to be profitable in 2014. The mobile game maker also announced a deal to acquire NaturalMotion for $527M and disclosed plans to cut 15% of its workforce. Also higher was Chipotle Mexican Grill (CMG), which rose nearly 14% to be the S&P 500's biggest gainer after the Mexican restaurant chain reported fourth quarter revenue that beat estimates and comparable restaurant sales that increased 9.3%. Among the noteworthy losers following their quarterly reports were software provider NetSuite (N), down more than 7% near noon, and pre-paid debit card provider Green Dot (GDOT), which fell over 16%. Also lower was Midstates Petroleum (MPO), down 14% after analysts at Morgan Stanley downgraded the stock to Equal Weight from Overweight, citing the company's disappointing production guidance.
INDEXES: Near midday, the Dow was down 86.04, or 0.54%, to 15,762.57, the Nasdaq was down 9.38, or 0.23%, to 4,113.75, and the S&P 500 was down 5.32, or 0.30%, to 1,788.87. :
$UA still had more to go, double the short % than $CMG @ 10%
$NUS not bad am bounce has been pretty firm lately thru all the swoon as its stabilized somehwhat
BWLD symp to CMG, CAT still had the juice after ER , 95 stopd somewhat, as usual they bot the dip on MA.
anyone BTD on $Z or $TRLA?
AMZN...stockcharts.com, free just add all the price labels,ma's etc, never need to get fancy, AMZN did bounce twice right off that 358 pivot =100ma , sometimes its just that easy ( price labels always help)
DB out with 475 upgrade for it this am, the infamous pumpers that brought you NUS DDD & SSYS all upgraded right before their falls, and themselves a good short from week ago earnings.
Amazon.com price target raised to $475 from $400 at Deutsche Bank
Deutsche Bank raised its price target for Amazon.com shares to $475 and recommends using any post-earnings pullback as a buying opportunity. The firm believes Amazon is executing well on its long-term vision and keeps a Buy rating on the stock.
Amazon.com price target raised to $500 from $400 at Benchmark Co.
Benchmark Co. raised its price target for Amazon.com shares to $500 citing the company's continued margin expansion following its Q4 results. The firm points out Amazon's margins continue to expand despite the weaker than expected sales in the quarter. Benchmark Co. keeps a Buy rating on the stock
Google ($GOOG) Target Lifted to $1400 at RBC Capital http://stks.co/h0ETg
Netflix upgraded to Equal Weight from Underweight at Morgan Stanley
Google price target raised to $1,325 from $1,305 at JPMorgan
JPMorgan raised its price target for Google shares to $1,325 citing accelerating growth at the core Google segment. The firm views the company's Q4 results as solid and reiterates an Overweight rating on the stock.
CMG already said no way would take short into ER with an RSI reading of 30 but two shorts at 550/551 netted $15 in the a/h
Just knowing there would be some profitaking at 550 turned out to be $15 worth of shorts 2x's , then $17 if taking the last long figuring 540 would hold, many ways to make $$ in the a/h, its not to hard to see that 550 R across the top.
So shorts workd from 550/51 workd twice, you dont get greedy, even scalp long too, CMG usually does the full squeeze since hedgies know they can get away with. Shorting it into earnings with that RSI reading would be nutz, it was bounce day anyways,
(why RSI is always -->ontop)
SCTY QIHU didnt do too badly from bouncing off the 20 & 50mas, QIHU has been chomping at the bit to finally do that $100 tag, like YY its been a monster
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96427376&txt2find=qihu
GOOG today did do the 1175 like i thought, though only after dipping then bouncing $60 , they gave GOOG a pass, but even at $12/shr, still 4x's better than FB
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96549504&txt2find=goog
AMZN bounce off 358 wasn't that big a mystery,it did bounce twice off there in the A/H .
The 1rst bounce on the sell-off was off 358 and that was for $15. The 2nd drop back was almost exact same spot & that was for $30 so some made out very good BTD there. If you miss the short, get the long right? Be like water, they have to bounce somewhere, check a/h chart "358" was golden if you played the common, just 100shrs got u $3k, more if you did more.
The 100ma is often where traders will key off, AMZN being as wild as it is shorts will use a common pivot to cover, then longs to try BTD, trading often obey a pivot like this,AMZN is pretty well known for this.
Can GOOG do 1200 tmorrow? <heh>
AMZN...then $33 bounce off 100ma @ 356/58 pivot, more or less the usual $50 down $30 up again routine, bounce came in twice off that pivot $17 1rst time , big money maker of $30 the 2nd.
GOOG 1185 they're giving it a pass , spoke too soon up $40 more to 1186, still 4x's the relative earnings to $FB with $12/shr earnings.
maybe does 1200.. but R here.
CMG dub top @ 551 stopd again, $GOOG they gave a pass, back up +10 to 1146....$358 held on AMZN after a good drubbing, send in the drone copters!
GOOG nice recovery too , whoa!
AMZN miss getting killed , GOOG just not good enough...CMG winner, that RSI was too low, too crowded a short.
WYNN winner, not too much action.
Shorts just keep getting hurt on this one --->Pandora jumps after Goldman says chance of double better than options reflect
Shares of Internet radio company Pandora (P) are jumping after a Goldman Sachs options analyst wrote that the stock could more than double over the next year.
WHAT'S NEW: The stock could more than double if the company can double its average ad total, increase the proportion of its local ads to 50%, and leverage its fixed content costs, Goldman analyst John Marshall wrote in a note to investors. Although options investors only put the probability of the stock moving above $60 in the next year at 8%, Marshall thinks the probability of such a move is much higher.
WHAT'S NOTABLE: In recent weeks, research firms Oppenheimer and RBC Capital have also issued upbeat notes on Pandora. PRICE ACTION: In early trading, Pandora climbed $3.43, or 10.4%, to $36.35.
Wishd you'd ask me that about FB for became more of a regular user myself and find FB a great resource now,much more than a novelty & thought it would see 58.50 again (where the good shorts were). Market could sure use the boost to have GOOG get bid up, by any metric even if they hit the $12.50/shr its still the better value than FB.
So lets give it 1200 (or 1175), the market needs it & like gollum "they wants it"?
Trouble is not much upside in this market will find itself holding, BIIB beat by 6c & bid up with some other bios but also worked as good fade too.
Nice tonight were periphery plays LNKD TWTR even SINA got a little boost, can LNKD get back up to 220 again on this, that has been up & down more times than Jack & Jill lately when it hit 240 & later 230.
CMG has been a good moneymaker in this correction mode, hope it continues, overpriced burritos have to be getting old. Hard to short here tho being so oversold.