Here’s the Quick Rundown on Tonight’s Earnings Announcements

Busy all day, doing all sort of things that do not generate revenues. Nevertheless, “The Fly” has other interests that keep him content — but I am here now. I bring forth news of earnings.

BEHOLD the headlines.

Ctrip reports Q3, beats on revs; expects Q4 net revenue growth to continue at a year-on-year rate of approximately 25-30% vs 35% estimate

Facebook: Lowering FY17 expense guidance to 35-40% y/y (prior: 40-45% y/y)
FY17 CapEx of $7 bln (prior: $7.0-7.5 bln)
Expect FY18 total expenses to grow ~45 to 60% compared to FY17.
Expects FY18 CapEx to “roughly double” FY17.

Murphy Oil misses by $0.23, beats on revs; Tightens 2017 production guidance, raises CapEx outlook

Qualcomm third quarter conference call update (53.46 +2.45)
Co is pleased about its 5G momentum in China.
Co is remained focused on defending its patents in Apple (AAPL) dispute.
Global 3G/4G shipments remain strong with 6% expected growth in FY17 and 8% growth in FY18 at the midpoints.
ASP’s in FY17 flat versus FY16.

Kennametal beats by $0.11, beats on revs; Increases FY18 EPS and sales outlook (43.34 -0.31)
Reports Q1 (Sep) earnings of $0.48 per share, excluding non-recurring items, $0.11 better than the Capital IQ Consensus of $0.37; revenues rose 13.6% year/year to $542.45 mln vs the $516.8 mln Capital IQ Consensus.
Co issues upside guidance for FY18, sees EPS of $2.30-2.60 (Prior $2.00-2.30), excluding non-recurring items, vs. $2.21 Capital IQ Consensus Estimate; Increases organic sales growth to 5-7% from 2-4%.

Qorvo beats by $0.09, beats on revs; guides Q3 EPS below consensus, revs below consensus (74.46 -1.35)
Reports Q2 (Sep) earnings of $1.52 per share, excluding non-recurring items, $0.09 better than the Capital IQ Consensus of $1.43; revenues fell 5.0% year/year to $821.6 mln vs the $810.47 mln Capital IQ Consensus.

Record IDP revenue of $190 million, up 21% year-over-year, and secured record design wins to support strong revenue growth. Increased IoT revenue by 50% year-over-year and doubled GaN revenue year-over-year. Significantly expanded family of antenna control solutions and enjoyed strong growth, supported by increased antenna complexity, 4×4 MIMO implementations and expansion into mid-tier smartphones

Co issues downside guidance for Q3, sees EPS of $1.60, excluding non-recurring items, vs. $1.74 Capital IQ Consensus Estimate; sees Q3 revs of $830-850 mln, excluding non-recurring items, vs. $893.28 mln Capital IQ Consensus Estimate.

FireEye prelim Q3 ($0.04) vs ($0.07) Capital IQ Consensus Estimate; revs $189.60 mln vs $186.41 mln Capital IQ Consensus Estimate

Yelp prelim Q3 $0.29 vs $0.22 Capital IQ Consensus Estimate; revs $222.4 mln vs $220.75 mln Capital IQ Consensus Estimate; Yelp sees Q4 revs $211-216 mln vs $233.07 mln Capital IQ Consensus Estimate

Habit Restaurants misses by $0.02, misses on revs; guides FY17 revs below consensus

Cavium Networks beats by $0.02, reports revs in-line

Symantec misses by $0.03, reports revs in-line; guides Q3 EPS below consensus, revs below consensus; lowers FY18 guidance

Pioneer Natural Resources beats by $0.20, beats on revs

GoPro beats by $0.13, beats on revs; guides Q4 EPS below consensus

Fitbit beats by $0.03, reports revs in-line; guides Q4 EPS above consensus, revs above consensus

Equinix beats by $0.03, beats on revs; guides Q4 revs above consensus

Flowserve beats by $0.03, beats on revs; lowers top end of FY17 EPS guidance to in-line

ZAGG misses by $0.03, beats on revs; guides FY17 revs above consensus

Health Insurance Innovations beats by $0.07, beats on revs; raises FY17 EPS, revs guidance

Tesla prelim Q3 ($2.92) vs ($2.29) Capital IQ Consensus Estimate; revs $2.99 bln vs $2.94 bln Capital IQ Consensus Estimate

Zendesk beats by $0.04, beats on revs; guides Q4 revs in-line; raises FY17 revs guidance again

Shake Shack beats by $0.02, reports revs in-line; guides FY17 revs above consensus; Same-Shack sales decreased 1.6%.

Occidental Petro beats by $0.07, misses on revs

L Brands reports October comps of +2% vs lsd decline prior guidance; sees Q3 EPS to be at the high end of its guidance and reiterates FY 17 EPS guidance of $3.00-3.20; expects Q3 sales of $2618 mln vs $2568 mln consensus

I sold out of HIIQ for a 17% gain.

I sold out of YELP for a 5.3% gain.

I sold out of EDIT for a 5.3% loss.

And I sold out of COHR for a 8.4% gain.

With part of the proceeds, I stepped in and bought more UVXY, reducing my basis to $16.69.

Why did I do such a thing, when in fact we have a good thing going?

Because the men on the teevee keep saying markets haven’t traded down during November since 2011 and how great of a month it truly is. I am expected to bathe in golden showers and then become President of the United States, at which point I would then be able to start wars and commit human sacrifices all for the poetic license of fulfilling a bucket list.

But in the real world, a wide array of well performing stocks are trading dreadfully and my bubble basket of overvalued stocks is down nearly 2%. There is a sickness in the tape, which could very easily be negated with an afternoon bounce, or something extraordinary tomorrow. But I have a feeling ‘this time is different’ and that the reckoning is near and that stocks are topping out, near term, which should then soon pave the way for a whirring wave of agony and destruction.

There’s a buzz about the pin action that’s a little different. Then again, all of the other ‘collapses’ ended up being fool’s gold. I will now sit here, eagerly awaiting perdition — with a bountiful amount of UVXY, FIZZ, a little XXII, and UCTT.

Global markets have exploded to the upside, one day removed from an ISIS attack in NYC. Very well. The DAX is roaring by 1.6% and the Dow futures are +133. Bitcoin is higher by yet another 2.3% and now approaches 6,600.

WTI is +1.2% to $55 and Copper is +1.8%.

Everything that you thought you knew about stocks and finance is wrong. We’re on a rollercoaster that never ends, going higher. Zero dips or pauses, just ascension.

ROK told EME to fuck itself and rebuffed its takeover bid.

There’s lots of other stuff happening — but you’ll just have to sit there and wait for markets to open.

We’re living through horrible times, not interesting at all. Sure, markets are up and hedonism is at a record; but all of the excess has resulted in a bunch of assholes running around acting like gigantic faggots. Nevertheless, let’s keep our eyes on the ball son and enjoy it while it lasts.

Trick or treating is done and I decked out the house with all sort of ghoulish trinkets mainly for my own self-aggrandizement. On the issue of politics and policy, I think it’s important to look at cause and effect when trying to assess stocks.

For example, Obama was the single best President for gun stocks ever. Why? Because of the false assumption that he was going to ‘take away your guns.’ This promoted 2nd amendment fags in the worst of ways, boosting sales to idiotic levels. Has it ever dawned on you that these knee jerk reactions are being caused by design?

For example, is it surprising to see alt-right loonies commingle with white nationalists, given the neo-liberal media and the non-stop badgering of ‘white males?’ Perhaps ‘they’ are trying to stoke the ‘white males’ in this country to do something, like elect Trump and truly take away your guns when you least expect it. Or, given the grotesque media bias against Trump, maybe he’ll push for the ‘fairness doctrine’ to be reimplemented. I’ve heard plenty of shills discuss this and it would be disastrous for free speech and true information.

After the close of trade today, shares of RGR plunged — because they missed earnings — because Obama is no longer menacing over you trying to take away your fucking guns.

Reports Q3 (Sep) earnings of $0.53 per share, $0.07 worse than the two analyst estimate of $0.60; revenues fell 35.1% year/year to $104.8 mln vs the $126.2 mln two analyst estimate.

The Company also announced today that its Board of Directors declared a dividend of 21¢ per share for the third quarter for stockholders of record as of November 15, 2017, payable on November 30, 2017. This dividend varies every quarter because the Company pays a percentage of earnings rather than a fixed amount per share. This dividend is approximately 40% of net income.

And here’s how RGR faired during the Gun Devil’s administration.

Markets are in swag mode; the bitcoin nerds are tossing each other’s salads again, and I stand before you a proud man. I peer down upon my portfolio, my young adventurous portfolio of talent, and am truly heartened by its zeal.

Case in point: I’ve been donkey punched in HMNY for the past month or so, forcing me to reinvest at lower levels to reduce my basis. But look at it today — growing up quickly and scaring all of the shorts out of the shares. Truly magnificent.

Also, my HIIQ, an ironic ticker symbol considering my 155 IQ, is, yet again, trending higher. Upon the death of Obamacare, HIIQ will rock higher and kick down all of the gravestones of Barry’s healthcare debacle. It is the only healthcare stock that stands to benefit from the complete annihilation of Obamacare.

Other stocks in the portfolio making me proud include FIZZ, YELP, EDIT and COHR.

My latest addition, UCTT, is a stupendous company and I am grateful to own the shares off its 52 week highs.

As an aside, Netflix has suspended filming season 6 of House of Cards — because its main star is a fucking pedophile. Damned Hollywood.

Analysts don’t like it, I do. With the amount of money they’re making from ripping off hipsters thru the sale of seltzer water, shareholders should expect a handsome return soon.

The technical formation being formed here is the “Slingshot, Cock-n-Ball” pattern. This is one of the best technical indicators out there and I’ve run this by several ‘top tier’ technicians and they all agreed: ‘the slingshot is gonna catapult the cock and the balls supremely higher.’

Observe.

The math on this one is pretty simple. Because Apple X demand is through the roof, according to all relevant reports, OLED plays are rallying. They’re rallying because there is a big shortage of OLED worldwide and anyone who helps in the production of OLED are likely to enjoy massive earnings beats.

A deluge of orders for Apple’s luxury phone has pushed shipment times into December, according to analyst reports from Drexel Hamilton and Nomura.

Apple told CNBC on Friday that “We can see from the initial response, customer demand is off the charts.”

Apple has directed its Taiwanese suppliers to double capacity in anticipation, according to a FactSet translation of a report in China’s Economic Daily News.

Inside Exodus, both RC and I had been positioned for this, me with COHR and him with OLED. He took profits today; I am still holding COHR.

Additionally, I bought UCTT — which, luckily, is down ~20% in recent weeks due to an earnings miss. They are key manufacturers for OLED and have been enjoying splendor for the past year and a half. I suspect, due to Apple X success, that splendor is about to turn into grandeur.

All that aside, chip stocks are sharply higher too, led by MU, thanks to a SNE upping their Capex.

My favorite holiday of the year is here; but do not fret I’ve been doing this long enough and am old enough to not toss corny Hallow’s Eve jokes your way. I will not remind you about how spooky it is outside now, still dark, even though it’s 7am. And I certainly will not try to tie in the spooky aesthetic with stocks, somehow suggesting we’re all trapped in a god damned haunted house and mad man Yellen is on the loose — trying to take away our interest payments on our CDs.

Nasdaq futures are up 11 and everything else is rather un-notable. Europe is blah. Asia was blah. And I just had a tall glass of Almond chocolate milk. It tastes just like Yohoo.

Here are some important headlines.

Under Armour beats by $0.03, misses on revs; Lowers 2017 outlook
Mosaic beats by $0.22, beats on revs
ABB Ltd added to Conviction Buy List at Goldman
Pfizer beats by $0.02, reports revs in-line; raises FY17 guidance slightly
CONSOL Energy misses by $0.15, beats on revs
Shutterstock beats by $0.04, beats on revs; reaffirms FY17 revs guidance
Shopify beats by $0.07, beats on revs; guides Q4 revs above consensus (raises FY17 guide)

There aren’t any happenings so far, after yesterday’s extreme happenings. I’ve been busy — damn it — so quit giving me a hard time.

I’m analyzing Apparel Stores in this post to give you an idea of what’s taking place outside Amazon. Retailfags try to justify the horrid state of retail by merely pointing to great success at Amazon. WRONG. You cannot simply ignore a major shift in human behavior that was built on economies of scale reliant upon shopping malls and the real estate they occupy.

Total revenues: $107 billion
Total FCF: $6.4 billion
Median YTD return: -20%
Median QT earnings growth: -36%
Median QT revenue growth: -1.35%

PE: 15.6x
PS: 0.39x (lowest since 2006)

Formula for success: earnings growth, as demonstrated by GES and GPS this year. People have resigned themselves to the idea that revenues will drop. Like in the case with McDonald’s, investors want to see massive downsizing and profits increase. Whoever is able to shrink their footprint fastest will win.

It’s Mueller Monday and here’s my take on the indictment.

This guy was, allegedly, a MAJOR LEAGUE money launderer for Ukraine aka Russian interests — washing $18 million. How stupid was the Trump campaign for letting this guy run the show? I mean, any private eye worth his salt could’ve dredged up enough doubts to keep this guy off the team, let alone have him run it. I know there is a stringent vetting process and I cannot reconcile how they would knowingly bring in a guy like this, unless of course they wanted to.

Even if you think Trump is a crook and was doing Russia’s bidding, hiring Manafort would make even less sense under those circumstances, as it would draw attention to them.

I am supremely confident that these charges will stick and both Manafort and Gates will serve a minimum of 5 years in prison, if not a lot more. The government is rarely wrong when it comes to AML charges and this is fairly straightforward — very trackable and easy to prosecute.

Now the next question is, will Manafort and Gates talk, giving up someone close to Trump or perhaps Trump himself?

What’s interesting to note is Rick Gates, who was Manafort’s junior shill, also worked for Tom Barack — Trump’s very close billionaire buddy. I read somewhere that Gates had visited the WH as recently as June.

All of this makes for extreme happenings and we should all expect everything to quicken hereinafter. I can’t wait to see all of the shit Trump tweets as the Mueller lasso gets closer to his big Orange Gorilla neck.