7 May, 2014 by The TZ Newswire Staff Comments Off on Bank Of America’s Plan To Keep F*ck-Ups To The Bare Minimum Starts NOW
Bank Of America’s Plan To Keep F*ck-Ups To The Bare Minimum Starts NOW
7 May, 2014 by The TZ Newswire Staff Comments Off on Tesla, Which Has First Model S Sales Decline Since 2012, Explained In Three Charts
Tesla, Which Has First Model S Sales Decline Since 2012, Explained In Three Charts
While Tesla’s financial results will hardly be much discussed by either the bulls or bears who follow the company – because it is one of the last remaining “story” stocks – and most will instead focus on the fact that Tesla sold 6,457 Model S cars in the quarter, down 6% from the 6,892 sold in Q4 2013, and the first sequential sales decline since 2012 (Is Tesla about to be Twittered?), here are, for the purists, the only three charts that matter.
First, the EPS. And since we focus on purists, we show both GAAP and non-GAAP EPS:
7 May, 2014 by The TZ Newswire Staff Comments Off on Glass Lewis Wants To Know Where JPMorgan Gets Off
Glass Lewis Wants To Know Where JPMorgan Gets Off
7 May, 2014 by The TZ Newswire Staff Comments Off on Late-Day Buying Panic Saves Russell From 3-Month Lows
Late-Day Buying Panic Saves Russell From 3-Month Lows
In a word… “mixed” Early ugliness gave way to another ramp job courtesy of USDJPY’s 101.50 level holding – which managed to clamber the Dow to unchanged on the week and stabilize the S&P (after it bounced off its 50DMA). But… Nasdaq and Russell just could not get it together until the last few minutes thanks to a VIX slam, JPY ramp and 30Y dump. Yellen’s testimony pushed some volatility through markets and perhaps provided the extra pressure on the small caps (after warning of valuations).
7 May, 2014 by The TZ Newswire Staff Comments Off on Commodities tomorrow: Traders don’t trust Putin
Commodities tomorrow: Traders don’t trust Putin
CNBC’s Jackie DeAngelis discusses the day’s activity in the commodities markets. Crude ended the day up, again because of the situation in Ukraine and a drawdown in supplies. Gold was down today on positive comments from Putin.
7 May, 2014 by The TZ Newswire Staff Comments Off on Almost Half The Russell 2000 Members Are In A Bear Market
Almost Half The Russell 2000 Members Are In A Bear Market
With market internals dismally weak and 967 of the Russell 2000 index’s members down over 20% from their highs (a bear market), the question is: how long can they maintain the status quo thanks to a handful of big blue chips as levered longs attempt to stay solvent?
Almost half the small caps are now in bear market territory… with the average member down 24%! (only 10% of the S&P is down over 20% so far but the average member is down 9% from its highs)
7 May, 2014 by The TZ Newswire Staff Comments Off on Did Ken Griffin Treat Himself To A Picasso?
Did Ken Griffin Treat Himself To A Picasso?
Maybe a little Giacometti, perhaps, with some of the $950 million he made last year? New York’s spring auctions got off to a trotting, if not sprint-speed, start Tuesday as Christie’s sold $285.9 million worth of Impressionist and modern art…. Dealer Paul Gray, who buys for collectors like Citadel hedge-fund manager Ken Griffin, was the…