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Gilead Sciences Beats Earnings And Revenue Estimates
Gilead Sciences Inc. (GILD – Analyst Report) just released their fourth quarter fiscal 2015 earnings results, posting earnings of $3.32 and revenue of $8.5 billion. Currently, GILD has a Zacks Rank #1 (Strong Buy), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below. Gilead: 1. Beat earnings estimates. The company posted an EPS of $3.32, beating our Zacks Consensus Estimate of $2.91. 2. Beat revenue estimates. The company saw reve... -
Finance 0
Today’s 5 Best Mid Caps – February 2, 2016
This morning I used Barchart to sort the S&P 400 Mid Cap Index stocks forst for the highest technical buy signals then I used the Flip Chart feature to review the charts. My list today includes Aqua America (NYSE: WTR), Westar Energy (NYSE: WR), WGL Holdings (NYSE: WGL), PNM Resources (NYSE: PNM), Alliant Energy (NYSE: LNT): Aqua America Barchart technical indicators: 100% technical buy signals Trend Spotter buy signal Above its 20, 50 and 100 day moving averages 7 new highs and up 6.51% in the last month Relative Strength Index 69.13% Technical support level at 31.17 Recently traded at 31.74 with a 50 day moving average ... -
Finance 0
Bears Test Buyers Resolve
Last Friday saw a big swing in bulls favor as shorts were forced into covering and value players stepped in to buy the positive reaction to the swing low. Shorts look to have made a tentative return of the market as value buyers failed to follow through on Friday’s action. Volume climbed to register as distribution, but it was well down on Friday’s accumulation. The Nasdaq fell back in a move which may see a retest of Friday’s breakout tomorrow. There was a bearish ‘cross’ in On-Balance-Volume after a respectable recovery to the 20-day MA. Relative performance against the S&P also ticked downwards. The Russ... -
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S&P 500 Snapshot: A Sell-off Back Into Correction Territory
The S&P 500 plunged at the open and sold off through the session to its -2.17% intraday low about an hour before the close. A bit of buying in the final hour trimmed the loss to -1.87%. Today’s selloff correlated with an even more severe plunge in oil, with the end of day spot price for West Texas Crude at 29.88, a 4.60% decline. The index is now back in correction territory, down 10.69% off its record close in May of last year. The yield on the 10-year note closed at 1.87%, down 10 basis points from the previous close. Here is a snapshot of past five sessions. Here is a daily chart of the index. Volume was up modestly on today̵... -
Finance 0
Chipotle Mexican Grill, Inc. Beats Earnings Estimates
Chipotle Mexican Grill (CMG) released the earnings results from its fourth fiscal quarter after closing bell tonight, reporting earnings per share of $2.17, compared to the consensus of $1.85 per share, and revenue of $988 million, against the consensus of $1.01 billion. The fast casual dining chain reported earnings of $3.84 per share and revenue of $1.07 billion in the fourth quarter of 2014. Chipotle Mexican Grill’s sales fall amid food scare Chipotle’s revenue declined 6.8% year over year as comparable restaurant sales fell 14.6%. Net income fell 44% to $67.9 million. Management cited the negative media attention as a result of foodbo... -
Finance 0
Gold Daily And Silver Weekly Charts – More ‘Flight To Safety’ – Active February
Gold showed some strength today in an add on to the flight to safety trade, even though there was a midday hit on price that was pure antics. The dollar moved lower and silver wallowed. I posted an update to the NAV of Precious Metals Funds and Trusts today. Sprott has successfully absorbed the Central Gold Trust. It raised some cash and added substantially to their bullion and shares under management, so its a good deal for them. Let’s see if time shows if it is a good deal for the trust unit holders. But that NAV report shows the gold/silver price ratio around 78, which is historically very high. This is I think one indication that th... -
Finance 0
Rent-A-Wreck
This is a follow-up on something I posted two Septembers ago which, over the long haul, was a fantastic short, but there’s no doubt I was too early! I had suggested shorting Rent-A-Center in this post, and I predicted it would eventually look like the destroyed chart of one of the for-profit education companies. The Rent-A-Center chart was about $30 at the time, which I’ve marked with an arrow. Here’s where we are at now: So suggesting shorting a stock at nearly $30 that’s in the single digits was pretty brilliant, eh? Well, yes and no, because you’d have endured some nasty pain beforehand, and I’m the first to admit I wouldn’... -
Finance 0
How Payoff Is Shifting The Conversation About Consumer Debt To Financial Wellness
What is Payoff? Payoff is a leading financial wellness and empowerment company leveraging technology, science and personalization. We are working to change the status quo in consumer finance and help people cross the chasm from borrowers to savers, investors, and givers. We’re excited to have support and significant industry leadership from our impressive Board of Directors, including: Joe Saunders (former Visa CEO), Arianna Huffington (Huffington Post Founder), Mohamed El-Erian (former Pimco CEO), Sean Park (Anthemis Group Founder) and Jim Lane (former Goldman Sachs partner). Scott Saunders, CEO and Founder of Payoff Why do you believe ... -
Finance 0
Yahoo Inc. Beats On Revenue, Confirms Strategic Options News
Yahoo! Inc. (Nasdaq:YHOO) released its fourth quarter earnings report after closing bell tonight, posting earnings of 13 cents per share, which was in line with the consensus, and $1.27 billion in revenue, against the consensus estimate of $1.19 billion. Management had guided for revenue of between $920 million and $960 million for the quarter. In last year’s fourth quarter, the search giant reported earnings of 30 cents per share and $1.18 billion in revenue. Yahoo posts massive GAAP loss GAAP losses were $4.70 a share due to an impairment charge of $4.5 billion. Management said the charge was related to their “annual goodwill impairment... -
Finance 0
Softening Up The Rubes – The War On Cash Continues
More Anti-Cash Propaganda by Bloomberg Former NYC mayor Bloomberg is probably one of the worst nannycrats who ever strode upon the US political scene. No-one has done more to take the fun out of New York than this man (we have chronicled the efforts of people of his ilk in “America’s Killjoys”). It always amazes us to no end when successful businessmen – once they have made enough money to last them a thousand lifetimes – suddenly discover their penchant for socialism and State control of every nook and cranny of people’s lives. Ex-NYC mayor Michael Bloomberg, owner of the famous financial data service and professional nannycrat. ...
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