Monthly Archives: April 2011
Teflon Market; Wall Street Averages Down a Minor 1% or Less
G20 Wants to Wean Global Economy Off U.S. Spending
Treasury Budget: Prior -$65.4B, Market expects -$189B, Actual -$188.2B
Libyan Rebels Sell 1 million Barrels of Light Sweet Crude
Qatar is confirming they have marketed 1 million barrels of crude for the rebels and imported refined products.
Comments »Crack Spreads Now Up an Astounding 6.5%
Approaching $27.
Shhh, don’t tell the shareholders of refinery stocks. They are smoking a different sort of crack.
Comments »Goldman says commodity prices could destroy demand. DUH!
Dick Durbin to Introduce Internet Tax Collection
Corning Keeps LCD Production on Target in Japan
2011 Budget Cut Bill Breakdown
IMF: U.S. Deficit to Rise to The Largest Amongst Developed Economies
The Decline of the West by Niall Ferguson
Healthcare: Profits vs Health
Goldman’s Chief Economist To Cut GDP Forecast Again
S&P Disagrees With The Fed on Banks Raising Dividends
RBC: Apple iPAD’s “Selling like Hotcakes”
via Briefing:
Comments »Apple Q2 preview; iPads outselling hotcakes; FY11 ests raised – RBC Capital Mkts (332.20 +1.40)
RBC notes, on pent-up iPad2 demand, VZ iPhone, and Macbook Air uptake, it expects $24.0 bln rev and $5.75 EPS, above street ($23.2B, $5.33) and guidance. With 8M iPad 2 shipments expected, Q3 revenue guidance expected at $23-24B (46-53% Y/Y), inline with street ($23.8B). EPS guidance expected below street ($4.50-4.70, street $5.28) with 36% Q3 margin guidance and September iPhone 5 timing. On higher iPads (31M vs. 25M prior), its F11 ests become $102B rev and $23.55 EPS (prior $99/$23.30;$100.4/$23.02 consensus).