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Dr. Fly

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.

Google Continues to Dominate Search

Via Comscore:

Google led the U.S. search market with 65.7% share, followed by the retards at Yahoo at 15.7% and the imbeciles at Bing aka “Microsoft” with 13.9%.

Ask and Aol were so low on the totem pole, it’s not worth mentioning on this Godly news site.

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Today’s Early Winners

No. Ticker % Change Industry
1 ZOOM 39.68 Communication Equipment
2 GTXI 36.36 Biotechnology
3 CAK 32.85 Oil & Gas Drilling & Exploration
4 GRM 25.43 Packaging & Containers
5 OSN 21.27 Chinese Burritos
6 SERV 20.35 Heavy Construction
7 QTM 20.00 Data Storage Devices
8 EROC 14.76 Oil & Gas Refining & Marketing
9 RVBD 13.65 Networking & Communication Devices
10 AG 13.35 Silver
11 CEVA 12.50 Semiconductor – Specialized
12 ZBB 11.71 Electric Utilities
13 SLGN 11.62 Packaging & Containers
14 IRBT 10.90 Appliances
15 HNSN 10.66 Medical Appliances & Equipment
—————————————————–

Data provided by The PPT

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Crack Spreads Continue to Surge

Up another 3%, approaching $28.

When the refiners last reported earning, 321 cracks were about $16.5

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Asia Bounces Hard

India +1.04%
Hong Kong +0.5%
Japan +0.9%
Korea +1.56%
Taiwan +1%
China +0.75%

European markets are set to open moderately higher.

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NIKKEI Bounces

Japanese markets are bouncing, up 40+.

Related: Dow futures are up 41.

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Today’s Inverse ETF Winners

No. Ticker % Change
1 BXDD 9.45
2 ERY 9.36
3 EDZ 6.43
4 SOXS 6.37
5 SCO 5.92
6 LHB 5.85
7 DUG 5.82
8 DTO 5.68
9 TZA 4.37
10 SMN 4.36

Data provided by The PPT

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Syrian Government Acting with Impunity

Eyewitness reports they are arresting all men over the age of 15 in Banyas, Syria. NATO warplanes have not been spotted over Syria yet, despite the intentional executions of peaceful protesters.

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RBC: Apple iPAD’s “Selling like Hotcakes”

via Briefing:

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).

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European Stocks Open Lower

Euro indices are down between 0.6%-1%, with Germany fairing the worst.

Commodities are lower and S&P futs are 7 points below fair value. It’s worth noting they have stabilized over the past three hours.

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Goldman Sachs Sued by MRVL Founder for Margin Fraud

“Goldman forced its clients to unnecessarily liquidate their holdings through forced margin calls, only to repurchase these same shareholdings for accounts owned by Goldman and its related hedge funds,” according to the complaint.

Goldman Sachs also forced a sale of Sutardja and Dai’s shares of Nvidia Corp. (NVDA), causing them to lose $166 million, they said in the complaint.

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