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Cramer "and the WINNER is"...................FB,
Fletch
Agree with you on FB share price.......with new all time highs........no overhead......those great earnings......the 3rd gap up that hasn't yet filled...... 75 now is support.....Unless the whole market tanks big.....FB is going on up,
Fletch
Baidu Announces Second Quarter 2014 Results
Thu July 24, 2014 4:30 PM|PR Newswire | About: BIDU
BEIJING, July 24, 2014 /PRNewswire/ -- Baidu, Inc. (BIDU), the leading Chinese language Internet search provider, today announced its unaudited financial results for the second quarter ended June 30, 2014[1].
http://photos.prnewswire.com/prnvar/20081103/BAIDULOGO
Second Quarter 2014 Highlights
Total revenues in the second quarter of 2014 were RMB11.986 billion ($1.932 billion), a 58.5% increase from the corresponding period in 2013.
Operating profit in the second quarter of 2014 was RMB3.558 billion ($573.6 million), a 22.5% increase from the corresponding period in 2013.
Net income attributable to Baidu in the second quarter of 2014 was RMB3.547 billion ($571.7 million), a 34.1% increase from the corresponding period in 2013. Diluted earnings attributable to Baidu per ADS for the second quarter of 2014 were RMB10.09 ($1.63); diluted earnings attributable to Baidu per ADS excluding share-based compensation expenses (non-GAAP) for the second quarter of 2014 were RMB10.72 ($1.73).
"We had a great quarter as we continued to build very strong mobile momentum. As the clear leader in mobile search, mobile map and app distribution, mobile revenue for the first time ever contributed to 30 percent of our total revenue", said Robin Li, chairman and chief executive officer of Baidu. "We deepened our investment in advanced technologies like Deep Learning, which is already yielding near term enhancements in user experience and customer ROI and is expected to drive transformational change over the longer term."
Symetra Financial (NYSE:SYA): Q2 EPS of $0.48 beats by $0.05.
Revenue of $547.1M (+6.6% Y/Y) beats by $17.97M.
http://seekingalpha.com/pr/10571525-symetra-reports-second-quarter-2014-results
New all time high. The air smells really good up here,
Fletch
Let's try that hold 66 again LOL,
Fletch
From Seeking Alpha,
Fletch
MercadoLibre's Expanding Prowess
Jun. 20, 2014 3:05 PM ET | 1 comment | About: MercadoLibre, Inc. (MELI)
According to an eMarketer research, business-to-consumer e-commerce sales in Latin America are projected to grow 20% in 2014 to $57.69 billion from $48.14 billion last year. eMarketer projects Brazil to be the leading market in the region with total e-commerce transactions projected to grow 8.5% and reach $23.05 billion in 2015. The research predicts the number of digital buyers in Brazil to increase from 30.9 million in 2013 to 55.4 million by 2018. Markets of Mexico and Argentina will also see strong growth, with users in Mexico growing from 8.4 million in 2013 to 18 million by 2018, and in Argentina from 7.5 million in 2013 to 12 million by 2018.
MercadoLibre’s Financials
Recently, the e-commerce giant of Latin America MercadoLibre (NASDAQ: MELI) announced impressive first quarter results. Revenues grew 12% over the year to $115.4 million, significantly ahead of the Street’s target of $109.4 million. EPS of $0.69 was also 73% higher than previous year’s and shot past the Street’s projections of $0.57.
Among other operating metrics, Gross Merchandise Volume grew 15% to $1.8 billion and total payments volume grew 25% over the year to $664 million. During the quarter, their payments platform MercadoPago processed nearly $9.2 million in payments, recording an increase of 36% over the year. The company now accounts for nearly a quarter of the e-commerce transactions in the region. There are more than 102.7 million registered members on their website as they added 4.3 million members over the year.
MercadoLibre’s Mobile Focus
MercadoLibre realizes that the growth in the coming quarters will be attributed to success on the mobile front. During the quarter, mobile transactions accounted for 14% of their Gross Merchandise Volume from 7% last year. Mobile app downloads reached 10 million and nearly 20% of total new users registering on their site came from mobile devices.
MercadoLibre believes that the mobile portion of the Gross Merchandise Volume will increase to nearly 50% in five years from now. To cater to this growth, they are continually writing software and adapting services to these new formats.
MercadoLibre’s Acquisitions
During the recent quarter, MercadoLibre announced several new acquisitions to expand their vertical offerings. Last month, MercadoLibre announced plans to acquire VMK, a holding company for two major real estate websites, for an estimated $40 million. VMK Holdings is known for their websites portalinmobiliario.com in Chile and Guiadinmuebles.com in Mexico. The Chilean website was started in 2000 and based on their success, expanded operations in Mexico in 2010. Over the past 18 months, access to MercadoLibre’s real estate listings have increased from 30,000 to 1 million.
MercadoLibre’s stock is trading at $90.67 with a market capitalization of $4 billion. It touched a 52-week high of $145.99 in October 2013.
My previous chart post........a deep V and then a mini cup with handle. We are now in breakout :>)
Fletch
Below from Yahoo.......Lots of Big Holders,
Fletch
Major Holders
Get Major Holders for: FB
Breakdown
% of Shares Held by All Insider and 5% Owners: 8%
% of Shares Held by Institutional & Mutual Fund Owners: 47%
% of Float Held by Institutional & Mutual Fund Owners: 51%
Number of Institutions Holding Shares: 673
Top Institutional Holders
Holder Shares % Out Value* Reported
FMR, LLC 143,229,997 7.18% 8,628,175,019 Mar 31, 2014
Vanguard Group, Inc. (The) 93,054,311 4.67% 5,605,591,694 Mar 31, 2014
State Street Corporation 67,554,949 3.39% 4,069,510,127 Mar 31, 2014
BlackRock Institutional Trust Company, N.A. 44,726,429 2.24 2,694,320,082 Mar 31, 2014
Price (T.Rowe) Associates Inc 42,407,956 2.13% 2,554,655,269 Mar 31, 2014
Invesco Ltd. 37,109,814 1.86 2,235,495,195 Mar 31, 2014
Sands Capital Management, Inc. 30,778,827 1.54% 1,854,116,538 Mar 31, 2014
Jennison Associates LLC 28,314,947 1.42% 1,705,692,407 Mar 31, 2014
Morgan Stanley 25,921,635 1.30% 1,561,519,292 Mar 31, 2014
Northern Trust Corporation 22,602,668 1.13 1,361,584,720 Mar 31, 2014
Top Mutual Fund Holders
Holder Shares % Out Value* Reported
Fidelity Contrafund Inc 37,688,298 1.89% 2,270,343,071 Mar 31, 2014
Vanguard Total Stock Market Index Fund 28,018,403 1.41% 1,531,205,723 Dec 31, 2013
Powershares Exhg Traded Fd Tr-Powershares QQQ Tr, Series 1 21,600,632 1.08% 1,301,222,071 Mar 31, 2014
Vanguard Institutional Index Fund-Institutional Index Fund 17,010,652 0.85% 1,024,721,676 Mar 31, 2014
Vanguard 500 Index Fund 16,829,671 0.84% 1,013,819,381 Mar 31, 2014
SPDR S&P 500 ETF Trust 16,055,906 0.81% 967,207,777 Mar 31, 2014
Fidelity Growth Company Fund 15,293,801 0.77% 921,298,572 Mar 31, 2014
Harbor Capital Appreciation Fund 9,635,842 0.48% 580,463,122 Mar 31, 2014
Vanguard Growth Index Fund 9,391,866 0.47% 565,766,007 Mar 31, 2014
Invesco American Franchise Fd 9,046,206 0.45% 494,375,157 Dec 31, 2013
Definition of 'Cup and Handle'
A pattern on bar charts resembling a cup with a handle. The cup is in the shape of a "U" and the handle has a slight downward drift. The right-hand side of the pattern has low trading volume. It can be as short as seven weeks and as long as 65 weeks.
As the stock comes up to test the old highs, the stock will incur selling pressure by the people who bought at or near the old high. This selling pressure will make the stock price trade sideways with a tendency towards a downtrend for four days to four weeks... THEN IT TAKES OFF!
Investopedia explains 'Cup and Handle'
A couple points on trying to detect cup and handles: Length - Generally, cups with longer and more "U" shaped bottoms, the stronger the signal. Avoid cups with a sharp "V" bottoms. Depth - Ideally, the cup should not be too deep. Also, avoid handles which are too deep since the handles should form in the top half of the cup pattern. Volume - Volume should dry up on the decline and remain lower than average in the base of the bowl. It should then increase when the stock finally starts to make its move back up to test the old high. Retest (of old high) - doesn't have touch or come within a few ticks of old high. However, the further the top of the handle is away from the highs, the more significant the breakout needs to be. http://www.investopedia.com/terms/c/cupandhandle.asp
From Seeking Alpha,
http://tinyurl.com/ovts3r4
Buy The Rumor, Sell The News: The Case Of Apple's Worldwide Developers Conference
Jun. 1, 2014 4:04 AM ET | 19 comments | About: Apple Inc. (AAPL)
Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in AAPL over the next 72 hours. (More...)
Summary
Apple's Worldwide Developers Conference has tended to verify the trader's adage to buy the rumor, sell the news.
Despite strong historical directional tendencies, performance pre-WWDC does not appear to predict performance during or after the WWDC.
This year's trade is confounded by the Beats Electronics acquisition, the stock split, and general market factors. After the dust settles, still expecting the march toward all-time highs to continue.
"Buy the rumor, sell the news" is a common refrain among traders. The week of June 2nd may provide another case study for this refrain.
Apple (AAPL) has well out-performed the market with a 6.8% gain in the four weeks leading into its 2014 Worldwide Developers Conference (WWDC) beginning on June 2nd. The stock is up 3.1% in the last week.
AAPL has continued to soar since April earnings
Source: FreeStockCharts.com
The WWDC is a marquee event that brings together thousands of Apple enthusiasts including Apple engineers and external developers. As Apple puts it: "and life will be different as a result. Write the code. Change the world." Some of the exuberance can be seen in the run-up in Apple's stock going into the WWDC. These gains provide a fertile case for testing out the old trading refrain of buy-the-rumor and sell-the-news. The results from trading around the WWDC during the years 2000 to 2013 are quite telling…
Only one year since 2000 has delivered a one-day gain for AAPL on the first day of the WWDC. That gain occurred in 2001: +0.13%.
Every year since 2000 the week of WWDC produced a loss for AAPL.
The four weeks prior to WWDC have produced gains 9 out of the last 14 years and also 9 out of the last 11 years.
The week prior to WWDC has produced gains 10 out of the last 14 years and also 10 out of the last 13 years.
Perhaps in relief of the sell the news during the week of WWDC, the week after WWDC has tended to produce gains: the week after WWDC has generated gains 9 out of the last 14 years and also 9 out of the last 12 years.
The charts below show the data I have also made available via a Google spreadsheet. I have selected various pairs to demonstrate that there are, unfortunately, no good correlations to help predict the magnitude or direction of the WWDC trade based on the stock performance going into the WWDC or even based on the first day's performance. The thick blue lines mark the y and x-axes at their zero points.
Apple Price Changes Around the WWDC (2000 to 2013):
1-Week Prior Versus Day #1
Apple Price Changes Around the WWDC (2000 to 2013):
4-Weeks Prior Versus the Week Of
Apple Price Changes Around the WWDC (2000 to 2013): 1-Week Prior Versus the 1-Week After
The chart definitions are based on dates I found through web searches - mostly on the Apple.com and Macworld.com sites. All price changes are based on closing prices from Yahoo Finance:
First Day price change: the Monday of the week during the WWDC to the first Friday before the WWDC begins.
1-Week Prior price change: the first Friday before the WWDC begins to the second Friday before the WWDC begins.
4-Weeks Prior price change: the first Friday before the WWDC begins to the fifth Friday before the WWDC begins.
1-Week After/Post price change: the first Friday in the week following the WWDC to the Friday during the week of the WWDC.
The data contain some bits of solace for traders who hold positions going into WWDC. When AAPL rallied in the four weeks going into the WWDC (nine years), there were only two years where trading the week of the WWDC completely wiped out the earlier gains. Out of the ten years AAPL gained the week prior to the WWDC, just four years featured WWDC trading which wiped out those gains.
Of course, every year is different in some way. For 2014, AAPL has the blockbuster acquisition of Beats Electronics almost perfectly bracketing the four weeks of trading ahead of the WWDC from rumor to news (see the above stock chart). The fade in AAPL stock on Friday could rightly be called a bout of sell-the-news, and it could take some steam out of what would have been selling during WWDC. It is nearly impossible to know for sure. Some new product news related to the acquisition could electrify the WWDC.
After the WWDC ends, there is still the news to come of the 7-to-1 stock split. AAPL has deftly chosen to bracket the important dates for the split during the WWDC. Shareholders as of June 2nd are entitled to split shares, the first day of 2014's WWDC. June 6th, the last day of WWDC is the day of the split. The shares first trade on a split-adjusted basis on June 9th. Given this timing, the typical relief buying the week after WWDC could easily be muted by selling the news of the split.
Finally, there are factors external to Apple's stock. The S&P 500 (SPY) is trading at all-time highs, and the NASDAQ (QQQ) is climbing back toward 14-year highs. AAPL has a strong tailwind in these indices. Yet, risks are high that the market has now reached extreme levels of complacency that typically preceded some kind of pullback.
Apple has not made enough blockbuster acquisitions or stock splits to tease out guesses as to how all these cross-currents could settle. It is also possible that other factors like the stock market's general performance could provide some predictive insights. The bottom-line is that all else being equal, traders should expect AAPL to trade with a loss on June 2nd (violating the typical Monday rally for AAPL) and for the week of June 2nd. If my sentiment analysis remains valid, the march toward all-time highs should resume in due course after the WWDC ends. Stay tuned…
Be careful out there!
UPDATE YOUR ALERT SUBSCRIPTIONS NOW:
Symbol Alerts Price Chg % Chg
AAPL
Apple Inc.
633.00 -2.38 -0.37
BAC
Bank of America Corporation
15.14 -0.01 -0.07
BIDU
Baidu, Inc.
165.81 -1.69 -1.01
FB
Facebook
63.30 -0.53 -0.83
GILD
Gilead Sciences, Inc.
81.21 -0.87 -1.06
GOOGL
Google Inc.
571.65 +1.09 +0.19
IVR
Invesco Mortgage Capital Inc.
17.76 +0.15 +0.85
JNJ
Johnson & Johnson
101.46 +0.70 +0.69
JPM
JPMorgan Chase & Co.
55.57 -0.15 -0.27
MELI
MercadoLibre, Inc.
85.07 -2.54 -2.90
OLED
Universal Display Corporation
26.16 -0.46 -1.73
PFE
Pfizer Inc.
29.63 +0.03 +0.10
SBUX
Starbucks Corporation
73.24 +0.13 +0.18
SWIR
Sierra Wireless, Inc.
18.78 -0.31 -1.62
SYA
Symetra Financial Corporation
20.85 +0.07 +0.34
SYNA
Synaptics Incorporated
68.08 -0.37 -0.54
UPL
Ultra Petroleum Corp.
27.02 -0.20 -0.73
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Does anyone see a cup with handle formation within this weekly chart? Top cup areas at about 570. I posted this a while back. Still early in it's breakout,
Fletch
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=100129792
From Seeking Alpha,
Fletch
Gilead lower on Sovaldi scripts data, pricing worries
May 23 2014, 11:38 ET
Total Sovaldi (GILD -1.7%) prescriptions for the week ending May 16 amounted to 8,091 (-10.6% from the prior week), according to IMS data. New prescriptions fell 11.5% to 3,445.
The numbers come amid an insurer backlash to Sovaldi's price tag ($84K for a 12-week course). In a blog post, insurer AHIP accuses Gilead of pricing Sovaldi "at an astronomical level that is not sustainable for consumers, innovation, or society."
Wells Fargo (Outperform) isn't too worried about the IMS data. Though expecting Sovaldi demand to slow a bit as the year progresses, it still thinks the drug's 2014 U.S. sales could approach $9B.
Looking real good!
Bye Bye gap,
Fletch : > )
http://www.stockta.com/cgi-bin/analysis.pl?symb=AAPL&cobrand=&mode=stock
Facebook's New Shazam-Like Feature Is Another Step Towards $85
May. 22, 2014 12:07 AM ET | 5 comments | About: Facebook (FB)
Disclosure: I am long FB, GOOG. (More...)
Summary
Facebook’s new update for its Android and iOS app has Shazam-like audio recognition. It can listen and identify the background music/TV show playing when users update status.
It’s great for Facebook’s data mining purposes. It can further improve its targeted ads campaign.
It’s great for Facebook investors. The more specific Facebook’s advertising platform is, the more ad clients will sign up.
I really appreciate the genius of Mark Zuckerberg. The new Shazam-like audio recognition feature that he will implement today on the Android and iOS app of Facebook (FB) is music to my ears. Facebook is the world's smartest mobile
advertising
company. This should help FB inch further towards the $85 price target. The $85 road leads to Quoth s $100 price target too.
More at:
http://seekingalpha.com/article/2231943-facebooks-new-shazam-like-feature-is-another-step-towards-85