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Take Two Interactive’s Q4 Earnings Top Estimates
Take-Two Interactive Software Inc. (TTWO – Snapshot Report) posted solid fourth quarter fiscal 2016 results after market close today. Adjusted earnings of 41 cents per share and non GAAP revenues of $342.5 million easily surpassed the respective Zacks Consensus Estimate of 13 cents and $309 million. However, the company’s revenues were down 20% year over year. Even non GAAP earnings per share of 46 cents were also down 6.1%. On a GAAP basis, Take-Two Interactive’s revenues were $377 million, up 25.7% compared with $300 million in the fourth quarter of 2015. On the basis of distribution channels, Take Two reported physical retail... -
Finance 0
3 Key Takeaways From Target’s (TGT) Q1 Earnings Report
On Wednesday, Target Corp. (TGT – Analyst Report) reported its first quarter fiscal 2016 results, sending its stock sliding almost 9% in morning trading. The retailer delivered disappointing sales and guidance numbers, and is just the latest company in the industry to post weak quarterly results. Let’s take a look at three key takeaways from Target’s Q1 earnings report. 1. EPS beats estimates. Adjusted earnings per share of $1.29 surpassed the Zacks Consensus Estimate of $1.20 per share as well as management guidance in the range of $1.15-1.25 per share. EPS grew 16.5% year-over-year thanks to an increase in traffic count, stable sa... -
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Fed Shocks The Market…
The fed minutes were announced today at 2 PM ET. The market was expecting the minutes to say that things aren’t that good economically, and that the prospect was for continued low rates. SURPRISE!!!! The minutes said that Ms Yellen would hike if the data improved in Q2. While that’s not very likely, it is interesting that she talked about raising rates in June. She’s so far behind of the curve that maybe she’s getting anxious about keeping rates too low. Maybe she’s preparing the market for the inevitable. It has to happen some year. Maybe this year will be that year, although I wouldn’t hold my breath. Tha... -
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Retailing In America: Valley Girl (Interrupted)
Ah, the 80s. It’s safe to say many Generation X-ers have certain movies inexorably etched in their minds. 1983’s Valley Girl, featuring an as-yet-to-be-discovered Nicholas Cage as ‘Randy’ is surely one of them. While there is little doubt Director Martha Coolidge found inspiration in Shakespeare’s Romeo & Juliet, there is equally little doubt that the highly successful film’s most ardent fans never made the connection. The plot is simple enough: perfectly popular high school girl from the oh so right side of the tracks falls for the ultimate bad boy from the equivalent of San Fernando Valley’s oh so wrong side of the tracks.... -
Finance 0
Crowd Sourcing Versus Playing The Crowd
Last week, I was tough on CrowdInvest Wisdom ETF (WIZE) which invests in stocks based on Apple fan-boys who somehow are able to stumble onto sponsor’s iOS app (no Droid, no Windows – an interesting approach to sampling) and who are sufficiently non-apathetic to vote bull or bear. I’m not feeling at all guilty for having bashed the idea. Actually, I’m doubling down. But I can’t help but keep thinking there has to be a more sensible way to detect and invest based on what the crowd really is saying. I Know, I Know, The Rabble and All That I made it clear last week that I’m fully aware of the dangers of following an ignorant Wall Stre... -
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4 Stocks To Buy On Improving Housing Indicators
A series of reports released this month indicate that the housing market is picking up pace after a quiet first quarter. Data released last month showed that new home sales had declined for the third consecutive month in March. However, spring seems to have brought fresh cheer to the sector with demand expected to experience an uptick. An increase in existing home sales in March has already lent its weight to such an argument. Picking stocks which will benefit from renewed vigor in homebuilding activity looks like a good option at this time. Non-Residential Construction Spending Up Construction spending increased 0.3% from February to a seaso... -
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GBP/JPY Rally Eying Near-term Resistance Targets
Technical Outlook: GBPJPY is attempting a breach above a sliding parallel extending off the late-November low with the focus weighted to the broader focus weighted to the topside while above 1.5617/35. This region is defined by the 50% retracement of the advance off the 2011 low & the February low-day close. We’ve been following this trade on SB Trade Desk since rebound off the low median-line earlier this month with the advance through the monthly opening range approaching some near-term resistance targets that could offer a reprieve for the yen. Broader topside objectives are eyed at 162.68 & 163.96– both of which conv... -
Finance 0
Don’t Be Fooled By Ford’s Low Payout Ratio
It wasn’t so long ago that Washington bailed out the U.S. auto industry. It financed $80 billion in loans to rescue General Motors (NYSE: GM) and Chrysler (NYSE: FCAU). Ford (NYSE: F), on the other hand, did not rely on taxpayer dollars for survival – though it was certainly a beneficiary of a healthier auto industry. With a 4.5% dividend yield, Ford may seem attractive to income investors. But, as we’ve seen, an appealing yield doesn’t always tell the whole story. Let’s dig into the safety of that dividend. A Record of Inconsistency In the past, Ford vehicles had some serious safety issues. From the Pintos that blew up when re... -
Finance 0
S&P 500 Snapshot: Fed Mini-Drama, But Index Goes Nowhere
Not surprisingly, we got another Fed mini-drama today triggered by the 2PM release of the minutes for the April 26-27 FOMC meeting. The S&P 500 opened in the red and rallied in a couple of waves to its 0.65% intraday high a just before the minutes were released. The index then plunged to virtually equidistant -0.62% intraday low about 30 minutes later. The index then churned for the next 90 minutes to its virtually flat finish, a microscopic 0.02% gain. The FOMC minutes showed a somewhat more hawkish Fed perspective than generally expected, which significantly increases the odds of a June rate hike. While the S&P 500 went nowhere at... -
Finance 0
Huge Trend Changes Point To Something Big In The Gold Market
Very few precious metals investors realize how recent trend changes will greatly impact the gold market going forward. The reason many investors fail to grasp the huge change in the gold market is that they look at data or information on an individual basis. To really understand what is going on, we must look at how all segments of the market compare to each other… a BIRD’S EYE VIEW. Let’s start off with one segment of the gold market that has changed significantly in the past 15 years. The Global Gold Hedge Book hit a peak of nearly 3,100 metric tons (mt) in 1999: (chart courtesy of the World Gold Council) Here we can see that af...
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