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Amazon’s Biggest Acquisitions
Published in 2013, Brad Stone’s book The Everything Store paints an ambitious and relentless portrait of Jeff Bezos, a man who is determined to create an online store that will someday be “everything to everyone”. As prescient as this characterization was at the time, the narrative is even more relevant now – and with Amazon’s most recent acquisition of Whole Foods Market for $13.7 billion, it’s clear that no market is safe from the sprawling Bezos Empire. THE EVERYTHING STORE Today’s infographic comes to us from CB Insights and it shows how Amazon’s strategy is unfolding, as well as which acquisitions are helping in the ... -
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Cloudera Makes A Comeback
Photo Credit: techmsg/Flickr.com Big Data vendor and Billion Dollar Unicorn club member Cloudera (NYSE: CLDR) went public earlier this year. Earlier this summer, the company announced its first quarter results after it went public. But the earnings miss did not please the market and the stock fell nearly 30%. Tables appear to have turned with the second quarter as the company surpassed market expectations and the stock is back on the rise. Cloudera’s Financials For the second quarter of the year, Cloudera reported revenues of $89.8 million, recording a growth of 39% over the year. Net loss of $64.2 million, or 48 cents a share, improved ... -
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E Markets Performance In September Has Been Turbulent
Recent market price weakness comes as investors are grappling with the increasing geopolitical threat from North Korea and powerful Atlantic storms barreling toward the U.S. Jeff Hirsch in a recent issue of the Almanac Trader published the chart below and discusses how over the last 21 years the market’s performance in September has been turbulent. DJIA recorded back-to-back losses in 2001 and 2002 of 11.1% and 12.4% respectively, but DJIA was up 7.7% in 2010. Average losses range from 0.06% by Nasdaq to a 0.69% decline by DJIA. Based upon the chart below September typically begins well and all five indexes generally trade choppily higher u... -
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Teva Rallies After Finding Experienced CEO, But Not Astra’s, To Take Over
Shares of Teva Pharmaceutical (TEVA) surged in morning trading after naming a permanent chief executive officer, ending a monthlslong search for a new chief. The new CEO brings 30 years of global pharmaceutical and healthcare experience. CEO APPOINTMENT: Teva this morning said that it has named named Kare Schultz to be its new president and CEO. Schultz will relocate to Israel and will be based out of the company’s headquarters in Petach Tikva, the company stated. He will succeed Yitzhak Peterburg, who has been serving as interim CEO since Erez Vigodman stepped down in February. Schultz joins Teva from H. Lundbeck (HLUYY), where he has ... -
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We Didn’t Start The Fire
What should long-duration common stock owners like us do with the news of the horrific flood in Texas, the Category 5 hurricane in the Caribbean, the heightened tensions created by North Korea’s Dictator, Kim Jong-un, and the 8.1 magnitude earthquake in Southern Mexico? What is wise behavior in a more volatile stock market environment created by outside events? More than 30 years in the industry have taught us that outside events come and go, but patience matters. Just look at the similarities with Billy Joel’s 1989 hit “We Didn’t Start the Fire.”1 The song named 100 major people, political and economic events in the first 40 years... -
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Are CTAs Behind The Bond Rally
Well, anyone who was frustrated with 10Y yields closing in on a 1 handle is likely a little less irritated on Monday. The broad risk-on move now has yields up some 7bps on 10s, although in the grand scheme of things, 2.12 and change probably isn’t what everyone had in mind in January when “short USTs” was supposed to be a “no-brainer” trade. As noted earlier, there’s an increasingly vociferous debate going on right now about whether the rally in bonds has run too far or whether fiscal uncertainty emanating from D.C., subdued inflation, uncertainty around how aggressive the Fed can realistically be in December considering the meeti... -
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S&P’s Irma-Relief Rally Erases “Fire & Fury” Losses
“Fire & Fury”, Gary Cohn concerns, North Korean missiles over Japan, Hurricane Harvey, North Korean Hydrogen Bomb tests, and now Hurricane Irma… and stocks are higher… As Bob Pisani said “it just does not want to go down”. ... -
Finance 0
Three Massive Bubbles In 17 Years: When Will This One Bust? A 60% Decline Coming?
John Hussman’s presents a message no one wants to hear because nearly everyone is too busy believing for the third time in 17 years that “It’s different this time”. Last week Hussman wrote about Valuations, Sufficient Statistics, and Breathtaking Risks. This week it’s more of the same with his post Behind the Potemkin Village. The markets are so overvalued now that Hussman expects a 60% decline from here. There’s an apocryphal story that in 1787, during the journey of Empress Catherine II to Crimea, Prince Grigory Potemkin, the governor of the region, erected fabricated villages along the Dnieper River, which would be disassembl... -
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AUDUSD Daily Analysis – Monday, Sept. 11
AUDUSD remains in the uptrend from 0.7807, the fall from 0.8124 is likely consolidation of the uptrend. Near-term support is located at the bullish trend line on the 4-hour chart. As long as the price is above the trend line, the upside movement could be expected to continue and next target would be at 0.8162. On the downside, a clear break below the trend line support could take price back to next support level at 0.7960, only break below this level could indicate that the bullish movement from 0.7807 is complete.... -
Finance 0
Irma Aftermath Puts These ETF Areas In Focus
The effect of the highly talked-about Hurricane Irma was weaker than feared in Florida but the level of destruction was still pretty high. The cost of the storm varies from analyst to analyst. As per the guardian, “the economic cost of Hurricane Irma could rise as high as $300 billion” as it ravaged homes, businesses and farms on its way up. Insured losses from Hurricane Irma are projected from $20bn to $65bn, according to risk modelling companies, as per an article published on Financial Times. On the other hand, AccuWeather founder, “estimated that Hurricane Harvey is to be the costliest weather disaster in U.S. history at $190...
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