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  • Finance 0

    Twitter Surges After Beating Expectations, MAUs Jump Despite Revenue Slowdown: The Quarter In Charts

    For once Twitter (TWTR) did not disappoint Wall Street, when moments ago it reported results that beat consensus estimates handily as non-GAAP EPS of $0.11 beat consensus of $0.02, even topping the highest estimate of $0.10, on revenue of $548.3 million, also beating est. of $509 million (just don’t look at the GAAP EPS loss of 8 cents). Helping the beat was a jump in monthly active users, which rose to 328 million, beating estimates of 322 million, on Q1 daily active usage up 14% y/y, higher than 11% in 4Q and 3% in 1Q16. In kneejerk reaction the stock was up 9% in premarket trading, having risen as much as 11%. That said, there were s...
    On April 26, 2017 / By
  • Finance 0

    Piper Says Buy Chipotle On Today’s Rally, Ups Target To $530

    Piper Jaffray analyst Nicole Miller Regan tells investors to add to Chipotle Mexican Grill positions even with the stock up 3%, or $13.44, to $485.20 post last night’s earnings release. The company reported “solid” Q1 earnings and reiterated its unit-level economic model, Regan tells investors in a research note. She believes a series of steady quarterly improvement is the next catalyst for the shares. The analyst upped her price target for Chipotle to $530 from $483 and reiterates an Overweight rating on the name.  ...
    On April 26, 2017 / By
  • Finance 0

    Morning Call For Wednesday, April 26

    OVERNIGHT MARKETS AND NEWS Jun E-mini S&Ps (ESM17 -0.04%) this morning are down slightly by -0.04% before President Trump unveils the outlines of his tax plans later today. The upside in equities was limited and European stocks slipped -0.30% as energy producing companies declined as the price of Jun WTI crude (CLM17 -0.67%) dropped by -0.48%. Crude prices were undercut after the API late Tuesday reported that U.S. crude stockpiles rose +897,000 bbl last week. Losses in European stocks were contained after the German government raised its 2017 German GDP forecast to 1.5% from a 1.4% estimate in Jan. Trading activity was subdued ahead of c...
    On April 26, 2017 / By
  • Finance 0

    When Shorting Small-Caps Goes (Horribly) Wrong

    Here’s some Tuesday afternoon humor for you. So the latest CFTC positioning data (out last Friday and current through last Tuesday) showed that specs (so basically, hedge funds) went all-in-er-er on bearish small-cap bets to levels last seen in September of 2014. Specifically, specs were net short Russell 2000 minis by ~71k contracts on April 18. That marked 11 out of 12 weeks that bearish positions rose…. (BBG) Well, that turned out to be a really – really – unfortunate bet… But before you get too excited about the apparent short squeeze and the accompanying run up to record highs in small-caps… … just remember what y...
    On April 26, 2017 / By
  • Finance 0

    Forex Forecast For EURUSD, GBPUSD, USDCAD, USDJPY – Wednesday, April 26

    Forecast for the EUR/USD currency pair Technical indicators of the currency pair: Prev Opening: 1.08672 Opening: 1.09276 Chg. % of the last day: +0.53 Daily range: 1.09211 – 1.09511 52-week range: 1.0366 – 1.1616 Yesterday the euro continued to strengthen against the US dollar. The growth of the EUR/USD quotations exceeded 0.5%. Today, there will be no important economic reports from the EU. The attention is focused on Trump’s speech. The US president should voice the details of the tax reform. At the moment, the key trading range is 1.09150-1.09500. The MACD histogram has fixed in the positive area, but below the signal line, which giv...
    On April 26, 2017 / By
  • Finance 0

    3 Rare Skeptical Ratings From The Street’s Top Analysts (AMZN, BABA, GOOGL)

      Analysts tend to lean away from more bearish ratings as it can sour corporate relations and- in extreme cases- even lead to dismissal: see Mike Mayo and Adnaan Ahmad as two warning cases. “My views have been controversial in the global tech space and I have taken a fair amount of abuse” Ahmad said after he was fired for his relentlessly bleak Apple predictions in 2015. So, given their rarity, these more cautious ratings are worth tracking even for stock bulls. Why has a particular analyst decided to go against the crowd on a top stock? Rare hold or sell ratings have added weight if they come from the Street’s best-performing analysts...
    On April 26, 2017 / By
  • Finance 0

    A Murky IPO In Store For Cloudera?

    Cloudera (Pending:CLDR) filed an S-1 with the Securities and Exchange Commission for its initial public offering. The company intends to offer 15 million shares at a price range of $12 to $14. It has an additional 2,250,000 shares over-allotted as an option for its underwriters. The underwriters for the offering are Morgan Stanley, J.P. Morgan, Allen & Company LLC, BofA Merrill Lynch, Citigroup, Deutsche Bank Securities, Stifel, JMP Securities and Raymond James. We highlighted this deal previously for our premium subscribers. Business overview Cloudera is based in Palo Alto, California and was founded in 2008. It pioneered its open-sour...
    On April 26, 2017 / By
  • Finance 0

    U.S. Dollar Rollercoaster: Greenback Records Sixth Drop In Seven Days

    It has been a volatile six weeks for the U.S. dollar. After rebounding from four-month lows, the U.S. currency has declined in six of the past seven sessions. The declines accelerated on Tuesday as geopolitical risks and a surging British pound weighed on the world’s most popular currency. The dollar index, a weighted average of the greenback against a basket of six peers, fell 0.8% to 99.50 on Tuesday. That was the lowest level in three weeks and the sixth drop in seven days. The greenback has declined over 1.5% during that period. Prior to the decline, the dollar was trading at nearly one-month highs, as markets consolidated in the wake ...
    On April 26, 2017 / By
  • Finance 0

    Oil Falls Below $50 Per Barrel Again… What’s Next?

    Oil has been a hot topic of discussion for some time now. Ever since the global oil supply glut hit the limelight nearly 3 years ago, the price of oil has been at devastating lows. Last year and early this year, it was hoped that OPEC supply cuts would help to increase the price of the commodity. However, the price has fallen below the key $50 per barrel mark yet again. So, what’s causing the decline this time and will it last? Today, we’ll talk about what’s going on in the world of oil. Why Oil Prices Continue To Fall At first glance, it may seem as though oil should be trading on gains. With all the talk about OPEC supply cuts and cut...
    On April 26, 2017 / By
  • Finance 0

    US Dollar Gains As Tax Plan Hopes Rekindle Trump Trade

    The Australian and New Zealand Dollars continue to sink as a recovery in Fed rate hike bets continued to weigh against rate spread-sensitive currencies, extending yesterday’s trade dynamics. Appropriately enough, the US Dollar outperformed, with the benchmark unit tracking Treasury bond yields upward. The markets interpreted the outcome of the first round of the French presidential election as neutralizing a potent risk aversion trigger and so removing a major threat to the Fed’s 2017 rate hike ambitions. Indeed, the priced-in tightening implied in Fed Funds futures is now at its steepest in three weeks. The spotlight now turns to ...
    On April 26, 2017 / By