Futs up 13, Europe through the fucking roof, dollar up 0.58% v euro, oil down, gold up, any questions?
Higher
Earnings on roids: DXCM +13.9%, TTM +6.9%, XLNX +5.1%, UN +4.9%, MTG +3.2%, PM +1.8%, UNH +1.2%.
Euro-trash stocks trading up: SNY +3.5%, GSK +1.4%, SHPG +1.4%… Other European names higher with strength in overseas trading: SDRL +4.4%, ARMH +3.5%, ASML +2.1%, SAP +1.4%.
Enter the Casino, the House Always Wins: LVS +4.7%, WYNN +4.3%, MGM +3.5%
TTHI +30.6%; reports study for Alzeimer drug), RXII +11.1%; phase 2 nonsense, FBP +10.5% (mystery), GSVC +9.6%; this company is a total piece of shit, BOFI +8.9%; after 30% decapitation, it bounces),MBI +5.5%; the Puerto Ricans talk to treasury over a plate of plantains, OPK +3.9%; CRAMER PUMP, UTEK +3.2%; who cares?, PBR +2.8%; executive board shenanigans, ZFGN +2.2%; applying vise to short sellers, CCL +1.9% (mystery), OFG +1.9%; Puerto Ricans talk to treasury over plate of pastelles, AFMD +1.6%; investor bought more, UTHR +1.6%; board approves to waste $500mill on buy back, SNDK +1.5%; momo, MXIM +1.1%; merger rumors
C up 3%; crushes estimates
Analyst horseshit: AZN +1.6% (added to Europe strong cock List at BofA/Merrill), NMBL +0.9% (initiated with an totally erect at Barclays), FB +0.9% (upgraded to hard from flaccid at Argus), CSCO +0.6% (initiated with an Fantastic at Barclays), AAPL +0.4% (initiated with an This is a Good Company at Barclays.
Lower:
Abysmal earnings, truly shameful: IMPR -25.8% (every bank under the sun downgraded these clowns), QUIK -15.5%, MTW -12.6% (also downgraded to piece of shit at Stifel, to OMG this sucks at Robert W. Baird), GRMN -10.6% (no one buys their crap anymore; this isn’t 2005), HCA -10% (Obama-care fail) NFLX -4% (blame it on the rain), GS -1.5%, JAH -0.7%, (share offering).
CXRX -10.9%; the news is they suck, THC -9.5% (Obama-care still sucks), VRX -7.5% (discloses it recently received a subpoena from the U.S. Attorney’s Office for ripping off sick people), CYH -6% (Obama care still sucks), YGE -3.6% (chillaxing after yesterday’s 25% rippage), LSCC -2.6% (shitcanning a bunch of people), TEX -1.5% (because MTW sucks), WMT -0.9% (everyone hate them, literally)
Analyst circle jerk: XRX -0.8% (initiated with an offal at Barclays), NTAP -0.4% (initiated with an garbagio at Barclays
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No one tells it like the Fly
lmao *MTW
STX down 14 %. I bought some at 41. : P
Great read. I got lucky with netflix yesterday. The only reason I was looking at it was because of a conversation I had with my youngest son. He stated he got rid of cable and only kept internet access. He has netflix and hulu. I wonder how many others are doing this? My son says his bill for internet and the other services is around $60. So he saves about $100 a month. Minus sleep time he is only watching 2-4 hrs a day . I just purchased a Comcast stick. I may join the no cable tv crew. Any thoughts? Will Amazon take the lion share of this with there stick? Apple? Google?
Everyone’s cutting the cord. There’s no reason to pay hundreds of dollars for channels you never watch. As for who the winner will be… I expect the cable companies to win because they’re going to have justification for higher internet prices plus they’ll offer their own a la carte packages which will give them more leverage in deals with the content providers.
As for me, I have internet with Time Warner, no cable TV. I use Kodi on an Amazon Fire Stick for free movies, but it sucks for sports. Which is why I’m considering Sling TV.
And agreud GSVC (disclosure: long a lotto-sized position) is shit. The only reason it’s up is due to RIC status and one decent exit on one of their names. And because people think Palantir might be worth something if they can bring it to market before the infosec sector collapses. (I’m mildly bullish on infosec after the recent dip, but the GSVC thesis is ultimately dependent on the bubble lasting another uarter or two.) At present their fail in TWTR is likely to outweigh any wins in Palantir, and Uber’s troubles impact Lyft’s valuation when/if it ever exits. Ugh.