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Salesforce, Inc. Surges On Earnings Beat, Increased Guidance
Salesforce (CRM) released its latest earnings report after closing bell tonight, posting adjusted earnings of 24 cents per share on $1.92 billion in revenue. Analysts had been expecting 23 cents per share in earnings on an adjusted basis and $1.89 billion in revenue. Salesforce said revenue increased 28% year over year in constant currencies. Salesforce posts solid results On a reported basis, the company’s earnings were 6 cents per share. Subscription and support revenues grew 26% year over year to $1.78 billion, while professional services and other revenues increased 33% from the year-ago quarter to reach $141 million. Deferred revenue i... -
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It Used To Be Called Political Economy For A Reason
In yet another anecdote that proves the global recovery can only be political, acting Brazilian President Michel Temer appointed Ilan Goldfajn to be the next central bank head for that nation. Goldfajn is about as orthodox as they come: trained at MIT (saltwater, as if makes any difference), former director at the central bank who has “consulted” with the IMF, World Bank, and United Nations. The nomination has pleased all the “right” people who are absolutely certain that Brazil’s worst days are now behind. Reuters probably wrote about it best, unintentionally, under the headline Brazil Government Taps Wall Street Favorite To Head... -
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Ride Oil’s Comeback
I spent the early days of my career at The Wall Street Journal — this is the mid to late ‘90s we’re talking about — in the paper’s Dallas bureau. It was there that I learned all I need to know about the oil market and how to make a small fortune. My job back then was to effectively wander the state of Texas, writing a weekly investment column on the opportunities I came across in my travels and my interviews. It was on one of those wanderings that I came across an old oil hand in Houston who’d made a name for himself as one of the industry’s savviest investors. His office, decorated with Western art and overlooking the Houston... -
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Is It Too Late For HP?
Hewlett-Packard Company (HPQ) Information Technology – Computers & Peripherals | Reports May 19, After Market Closes Hewlett Packard is scheduled to report fiscal second quarter earnings tomorrow, after the market closes. Mixed results from Intel and other PC centric companies this season could indicate bad news for HP. The tech company is coming off a FQ1 2016 that missed EPS expectations, after 7 quarters of beating or meeting. The real story however, is the massive downturn in comparisons the company has experienced. The past 2 quarters featured over 50% declines on both the top and bottom line with upcoming earnings shaping up ... -
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EUR/USD Falls To Low Support On Fed Minutes – Levels To Watch
The FOMC meeting minutes for the April meeting were relatively hawkish, boosting the dollar across the board and the euro could not resist. It trades at a very nice level of support. What did the Fed actually say? What’s next for the pair? June Hike? The meeting minutes showed that the Fed remains data dependent, but if the data is OK, a rate hike is certainly an option, even if the Brexit referendum held one week afterwards poses a risk. Here is a quote from the minutes that explicitly talks about June (conditions apply, but we’re talking about most participants): Most participants judged that if incoming data were consistent with e... -
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Cisco Systems, Inc. Surges After Strong Earnings, Outlook
Cisco Systems (CSCO) released its latest earnings report after closing bell, posting adjusted earnings of 57 cents per share on $12 billion in revenue. Analysts had been expecting adjusted earnings of 55 cents per share on $11.97 billion in revenue. Management had guided for adjusted earnings of 54 cents to 56 cents per share and revenue growth of 1% to 4%, excluding the SP Video SPE business for the year-ago quarter. In last year’s third fiscal quarter, the company reported earnings of 54 cents per share on $12.1 billion in revenue. Cisco Systems records strong growth On a GAAP basis, Cisco reported earnings of 46 cents per share. The comp... -
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AIG Climbs As Icahn Increases His Stake
AIG (AIG) is having an incredible day in the market today, and for good reason. Billionaire activist investor, Carl Icahn made the decision to raise his stake in the company in a big way. Today, we’ll talk about why binary options traders should watch the moves of activist investors, the increase in AIG we saw from Carl Icahn, how the market reacted to the news, and what we can expect to see from AIG moving forward. So, let’s get right to it… Why Binary Options Traders Should Watch Activist Investors Activist investors are investors that purchase large stakes in companies in order to have a meaningful say in how the company is r... -
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Are Hedge Funds Really Risky?
You hear a lot in the regular press and in the financial news about how risky hedge funds are and that they are speculative investment vehicles. Indeed, some hedge funds can be risky and speculative in nature, but this is a generalization as hedge funds can come in many different “flavors.” Their underlying strategies can also have deviations that make them different even though they may seem the same on the surface. This is akin to one fund playing baseball and another two playing football – two different games. The two funds playing football are running different defenses, however, in that same game – one a 3-4 and the other a 4-3. ... -
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Precious Metal Report – May 18, 2016
Ira Epstein leads us through the day’s precious metal highlights. Video Length: 00:07:46... -
Finance 0
Chart Of The Day: Direxion Daily Gold Miners Bear 3X ETF
Over the next 4 – 6 weeks we’re about to see just how idiotic this theory about gold avoiding an ICL will turn out to be. This always happens at major tops and bottoms....
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