Alphabet is diving lower by 6% in the aftet-hours on an earnings shortfall, on both the top and bottom line.
Q1 $7.50 vs $7.96 Capital IQ Consensus Estimate; revs $20.26 bln vs $20.38 bln Capital IQ Consensus Estimate
MSFT is lower by 4% on an earnings miss too.
Microsoft prelim Q3 $0.62 vs $0.64 Capital IQ Consensus Estimate; revs $22.08 bln vs $22.11 bln Capital IQ Consensus Estimate
To top off the trifecta, SBUX is down 3.5% on a revenue shortfall.
Starbucks prelim Q2 $0.39 vs $0.39 Capital IQ Consensus Estimate; revs $4.99 bln vs $5.03 bln Capital IQ Consensus Estimate
All three of these stocks were priced to perfection. It’s not a surprise to see these stocks trade down on any sign of weakness. Let’s see if the conference calls can firm up the price action.
NOTE: Visa missed as well and is slightly lower in after-hours. The company cited material weakness in emerging markets.
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fuck the QQQ, is there a 10X short unicorn etf?
So, I guess all the bad news means the FED won’t raise interest rates, so market goes up?
Or reality -> market drops?
Either way, the this is good news for TLT, especially after the double-day drop, I’d expect it to be back in the $130s (or ast the very least high 129s).
As for “material weakness in emerging markets”, it’s not like analyst aren’t constantly lowering the bar. anyway.
Besides the three events you listed, two more events of significance:
1) AAPL entered Bear Market (-20%) territory
2) The Artist (Formerly Known as Prince) died at the age of 57
Guess which of these 5 events is the Headline on Yahoo!Finance?
Huzzah on your Stanford piece, sir – and to this I would hope to see you add, “POOF!! Your bullshit rally is gone!”
no mention for sketchers? looked like another good Q.
Trough earnings quarter, setting up for a yuge second half….
On a side note, Lampert, chairman and CEO of Sears Holding is at it again. He is closing 68 Kmart and 10 Sears stores starting their liquidations sales on May 12 and April 29.
I believe that the last loan his hedge fund gave them is due Jun 2017, with prime real estate as collateral, so that is the scheduled bankruptcy/default date.