iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,474 Blog Posts

Maria Bartiromo Interviews The Ghost Face Killer, Regarding Shkreli

I don’t know what’s funnier, Ghost Face Killers response to Shkreli or Maria’s seriousness in interviewing Ghost for this absurd topic.

Here is Maria’s interview.

 

Here is Ghost’s full ‘welfare cheese and fried bologna’ response to Shkreli.

‘Give us back that medicine…holla at me…5,000% bro.’

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Disney Absolutely Smoked Earnings; Stock Ashed into a Tray in After-Hours Buzzkill

It looked great, the numbers that is.

Check it out:

via Briefing.com

  • Reports Q1 (Dec) earnings of $1.63 per share, excluding non-recurring items, $0.17 better than the Capital IQ Consensus of $1.46; revenues rose 13.8% year/year to $15.24 bln vs the $14.8 bln Capital IQ Consensus. Global success of Star Wars: The Force Awakens drove record quarterly operating income at both Studio Entertainment and Consumer Products & Interactive Media
  • Media Networks revenues for the quarter increased 8% to $6.3 billion, reflecting higher advertising and affiliate revenues, and segment operating income decreased 6% to $1.4 billion. Advertising revenue growth was due to an increase in units sold and higher rates, partially offset by lower ratings. Affiliate revenue growth was due to contractual rate increases, partially offset by a decline in subscribers and unfavorable foreign currency translation impacts.

Initially, the stock took off and all of the bull slapped on their Mickey ears, while shoving Twizzlers into each others mouths, until this one sentence was release from the bowels of the dungeons of Bob Iger’s catacomb.

Cable Networks revenues for the quarter increased 9% to $4.5 billion and operating income decreased 5% to $1.2 billion due to a decrease at ESPN

ESPN is the main source of worry for the company. Since it sucked, so will the stock, henceforth, for as long as the earth remains in rotaion.

DIS is down 3.5% in after hours sadness.

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The Solar Hayride is Over; Shares of $SCTY Dies in After Hours Execution

The fuck out of here, Solar City.

I don’t even know what that title is supposed to mean. But it’s over, 100%. In the Obama administration, all forms of energy get smoked out. Whether it be coal, windmills, natural gas, oil, biofuels or solar, that shit gets decimated.

SCTY

Before the year is out, we will resort to the ancient form of energy, fire, for our everyday needs.

Via Briefing.com

  • Reports Q4 (Dec) earnings of $0.04 per share, which may not be comparable to the Capital IQ Consensus of ($2.59); revenues rose 60.8% year/year to $115.48 mln vs the $105.67 mln Capital IQ Consensus.
    • MW Installed: Record 272 MW, up 54% year-over-year (Guidance 280-300 MW)
    • MW Deployed: 253 MW, up 44% year-over-year
    • Value of MW Deployed under Energy Contracts: $3.64 per watt at a 6% discount rate ($3.32 per watt contracted and $0.32 per watt estimated renewal)
    • Cost per Watt: $2.71 per watt, down 5% year-over-year;
    • Asset Financing in Q4 2015: $2.40 per watt.
    • As of December 31, 2015, unrestricted Cash and Investments totaled $394 million, as compared to $418 million on September 30, 2015. Thequarterly decline in cash of $137 million.
    • Residential has consistently performed above expectations over the last year, and missed guidance largely on commercial installations.
    • Going forward, plan on removing from guidance any large projects with construction deadlines late in the quarter.

Guidance

  • Co issues downside guidance for Q1, sees EPS of ($2.65)-($2.55) vs. ($2.36) Capital IQ Consensus Estimate.
  • Looking ahead to 2016, continue to target 1.25 GW Installed. Though the ITC extension certainly provides more tailwinds to growth, the primary focus is goal of generating positive cash by year-end.
  • “Though we are projecting a lower rate of growth in 2016 than in years past, our guidance still implies over 40% annual growth in 2016, a rate of growth that would be the envy of most industries and companies in this country”.
  • For Q1 2016 expect to install 180 MW, representing growth of 18% y/y, and a 34% decline as compared to Q4 2015. This represents a higher-than-usual seasonal slowdown that have historically experienced after strong fourth quarters
  • Expect installations—and cash generation—to ramp throughout 2016.
  • For Q1 2016, expect GAAP Operating Expenses of $230-240 mln.

 

A multitude of solar stocks are getting poleaxed, alongside Elon Musk’s stupid solar panel company. Word has it, now that TSLA and SCTY have been destroyed, Elon will move back to S. Africa to raise zebra and hunt near extinct animals for sport.

SCTY is down about 60% in 2016, thus far, and lower by more than 30% in after-hours trade.

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Schiff: The Fed is Gonna Have to Give the Wall Street Drug Addicts What They Need

In tonight’s episode of “Hey, I’m Peter Schiff and I fornicate with gold bars at night”, Peter discussed the vagrancy of the Fed and how it messed up and how QE4 is coming. Peter also believes, under any and all circumstances, whether it be space alien invasion of Earth, great depressions, war, pestilence: gold will trade higher.

If you don’t believe gold will trade much higher, clearly, according to Peter, you’re a fucking moron idiot. In that order.

Gold is up 12%, year to date.

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That Rally Failed

It looked good, three different times throughout the day, only to fail miserably–leaving investors holding a flaming bag of shit.

I hate to say this, but the entire fate of the western world now lies in the wrinkled hands of Grandma Yellen tomorrow.

Crude was lower.

Oil stocks were cosmically fucked, down 5-10% across the board.

Breadth was at 38%

Airlines were the best performers on the day.

Oh, and yes, TLT was higher by 14 cents for the day, to $131.63.

The ark floats.

NOTE: I purchased SPY at $183.69 today. ***Limited Exodus free trials will begin at midnight…stay tuned***

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Goldman’s Cohn: ‘Im Worried About Liquidity’

Goldman Sachs’ COO, Gary Cohn, wonders out loud why stocks act so fucking retarded. He posits there have been such herky-jerky moves in stocks these days, pointing to a lack of liquidity in markets that will prohibit investors to exit stocks, if need be, ‘at reasonable clearing prices.’

This whole naivety is hilarious, really. Gary knows why liquidity is suspect. I’ll go out on a limb here and suggest that high frequency traders, coupled with a lack of retail investors in the market, have something to do with the lack of normalcy in the market these days, something Cohn and his band of grape-raping asshats at Goldman helped make the norm these days.

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Obama Changed His Mind About $10 Tax on Crude

He opted for $10.25 instead.

In his absurd $4.1 trillion budget today, Obama shit on crude and anyone who’s been enjoying lower gasoline prices.

Obama wants the money to be steered towards “21st Century Clean Transportation Plan to upgrade the nation’s transportation system, improve resilience and reduce emissions.” Complete fuckery, global warming horseshit.

The White House Office of Management and Budget did not explain the higher fee or share details on the modeling and assumptions it used to estimate money it would raise — as much as $319 billion from fiscal 2017 to fiscal 2026.

The only problem with their idiot estimate is that it assumes we’ll be producing any oil at all. With the price of crude through the floor board and this idiot tax proposed, our oil industry will be washed away with the sands of time, before this abomination is made into law.

American Petroleum Institute President Jack Gerard said it was an “unprecedented tax hike.”

“We know that this tax hike could also have an impact on food prices and all sorts of consumer goods — everything that relies on transportation to get to consumers,” Gerard said in a teleconference. “Only extremists whose goals ignore the concerns of consumers and lower-income families could welcome such an approach.”

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PREPARE TO RALLY

WTI trades down to 28, like a moron. Brent crude trades down by 7%. Stocks rally.

What the fuck? You must be wondering how the marker is rising when Brent got smashed into the rocks for 7% and WTI is embarrassing itself at $28. The simple fact of the matter is, we’ve gotten to a point of extreme apathy. Investors are so apathetic to the price of crude and stocks, they’re beginning to not give a shit, relying on pure animalistic instincts to guide their investments.

***AN INTERMISSION OF SORTS***
(look at this ridiculous shit, taking place in the ‘oil patch’ today)
oil

I know you think I’m fucking with you, but I’m not. Man is a savage beast of an animal, incapable of harboring emotions for a prolonged period of time. Every so often, we wallow about the pub, bitching about this or that. But, eventually, our basest instincts take over and we start ripping heads off shoulders, pissing in the wind, attacking our neighbors with homemade trebuchets.

Ladies and gentlemen,

We’ve come to an end in these markets. They’ve annoyed people for too long. They’ve gone down and down some more. This is the part of the story when a short squeeze develops. The news flow changes, from horribly morbid, to crazily optimistic. The bad news becomes good and the good news becomes better. Janet Yellen will be viewed upon as a national hero, come tomorrow. The market will rejoice in the splendor of dead bears swinging from gibbets on Wall.

Prepare yourselves for the unthinkable: sharply higher stock prices.

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FT: Deutsche Bank Considering Billion Dollar Bond Buyback

In light of their share price decapitation, down 56% over the past 6 months, Deutsche Bank is considering buying back several billion dollars of its bonds. According to FT, they’ll buy senior bonds. There was no mention of the COCO bonds that everyone seems to be fixated on.

At the moment, the cost to insure against DB debt is at its highest point since the 2011 euro crisis.

DB

Shares are off the lows, since this news was released.

DB2

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