Intel Corporation 2Q 17, First Solar, Inc. 2Q 17 Earnings Reported
Intel (INTC) 2Q 17 earnings and First Solar (FSLR) 2Q 17 earnings were released after closing bell tonight. Intel reported non-GAAP earnings of 72 cents per share on $14.8 billion in revenue, while analysts had expected non-GAAP earnings of 68 cents per share on $14.4 billion in revenue. In last year’s second quarter, the chip maker reported […]
J.D Power And LMC Estimate July Auto Sales Down Five Percent, Time In Inventory Highest Since 2009
July auto sales based on mid-month totals look grim despite record incentives. Industry analysts J.D Power and LMC estimate U.S. July auto sales down 5 percent. Declining sales will pad the already large inventory numbers piling up on dealers lots. DETROIT (Reuters) – U.S. auto sales in July likely fell a little more than 5 […]
AB InBev (BUD) Earnings And Revenues Miss Estimates In Q2
World’s largest brewer Anheuser-Busch InBev SA/NV (BUD – Free Report), also known as AB InBev, missed the earnings estimate of analysts polled by Zacks for the sixth straight quarter, when it posted second-quarter 2017 results. The company’s bottom-line also declined year over year. Moreover, revenues also missed the estimate after beating the same in the trailing two quarters. Lower-than-expected […]
Two Disturbing Trends
Today I want to mention two disturbing trends – one of which may have some minor implications for inflation. The first is the six-month downtrend in the US Dollar (see chart, source Bloomberg). I’ve included the last several years’ worth of pricing for the broad trade-weighted dollar so as to help avoid any alarmist […]
Fed To Start Unwind Of $10 Billion Per Month In September
The key takeaways from the FOMC statement on Wednesday were that rates weren’t raised, the Fed plans to unwind the balance sheet starting in September, and the Fed downgraded its inflation comments as it slowly acknowledges that inflation hasn’t been as strong as it had been claiming it was earlier in the year. It’s interesting […]
Bezos Back To Second Richest After AMZN Slides On Earnings Miss, Soft Guidance
Jeff Bezos enjoyed the title of world’s richest man for several hours, before he had to relinquish it back to Bill Gates after AMZN stock dumped after hours when the company reported Q2 net income of $197 million, or $0.40 per diluted share, down from $857 million, or $1.78 in Q2 2016. This was on […]
Blue Chip Stocks In Focus: Procter & Gamble
When it comes to dividends, few companies can match Procter & Gamble (PG). P&G’s list of dividend accolades is long, and impressive. It is a Dividend Aristocrat, a group of 51 stocks in the S&P 500 Index, with 25+ years of consecutive dividend increases. You can see all 51 Dividend Aristocrats here. In addition, it is […]
Applied Optoelectronics – Chart Of The Day
The Chart of the Day belongs to Applied Optoelectronics (AAOI) a repeat that was highlighted back in January. I found the fiber optics stock by using Barchart to sort today’s All Time High list, first by the highest Weighted Alpha, then again by technical buy signals. Since the Trend Spotter signaled another buy on 8/12 the stock gained 31.75%. Applied Optoelectronics, […]
Expedia Surpasses Q2 Earnings, Revenue Estimates
Expedia Inc. (EXPE – Free Report) reported second-quarter 2017 adjusted earnings of 66 cents per share, which surpassed the Zacks Consensus Estimate of 60 cents. Earnings were up 65% from the year-ago quarter. Revenues of $2.59 billion were up 18.2% sequentially and 17.8% year over year and came ahead of the Zacks Consensus Estimate of $2.54 billion. Gross […]
