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  • Finance 0

    Mitsubishi UFJ’s Nine-Month Earnings Fall On High Expenses

    Mitsubishi UFJ Financial Group Inc. (MTU – Analyst Report) reported profits attributable to owners of parent of ¥852.3 billion ($7.0 billion) for the first nine months (ended Dec 31) of fiscal year ended Mar 31, 2016, down 8.1% year over year. For the period under review, an increase in general and administrative (G&A) expenses and decreased gross profits negatively impacted the results. However, a rise in net interest income and fee revenues served as tailwinds. Performance in Detail Gross profits for the period ended were ¥3.1 trillion ($0.03 trillion), down slightly year over year. The decline was mainly due to decreased net...
    On February 1, 2016 / By
  • Finance 0

    GoPro Slides After Analysts Predict Guidance This Week Will Disappoint

    Research firm Piper Jaffray and Citi predicted that GoPro’s (GPRO) revenue guidance would disappoint investors when the company issues its earnings report later this week. GoPro preannounced lower than expected fourth quarter revenue on January 13. The company is expected to announce the remainder of its results, including first quarter guidance, on February 3, 2016. Street low target: Piper Jaffray analyst Erinn Murphy cut her price target on GoPro to $7.50 from $9, citing updated spending assumptions. The analyst expects the company’s Q1 sales guidance to come in at $272M, below the Street’s consensus estimate of $298M. Mu...
    On February 1, 2016 / By
  • Finance 0

    Caution Is Warranted After Sprint Q3 2015 Earnings

    Sprint Q3 2015 earnings were announced on the 26th of January and results came in much better than expected. Although a significant loss was expected, Sprint (NYSE:S) surprised to the upside with respect to its bottom line, reporting an EPS of -$0.21 compared to estimates of -$0.27. After heavy losses in 2013 and 2014, Sprint’s turnaround seems to be gaining momentum. The carrier reported more than 360,000 postpaid phone customer additions but what really moved the Sprint stock price forward was the huge increase in YoY profits and forward guidance for fiscal year 2015 which was substantially higher than what had already been fo...
    On February 1, 2016 / By
  • Finance 0

    E ADRs Best & Worst Report – February 1, 2016

    The best sector across ADRs is utilities. The top regions are Sub-Saharan Africa, No. America, & Australia/NZ. The average ADR score is 42.81 and that’s up from 40.75 last week and the low of 32.01 on 1/11/2016. The average ADR is trading -33.21% below its 52 week high, -9.99% below its 200 dma, has 3.64 days to cover held short, and is expected to grow EPS by 8.59% in the coming year. As we’ve pointed out since early January, average score and the number of ADRs trading more than 5% below their 200 dma can offer helpful clues as to actionable buy points. Historically, an average score below 40 coincides with a short term mark...
    On February 1, 2016 / By
  • Finance 0

    Construction Spending Anemic Despite Warm Weather; Where To From Here?

    Economists expecting a huge surge in construction spending thanks to unusually warm December weather were no doubt shocked by today’s anemic report.  The Econoday Consensus Estimate was for +0.6% in a range of 0.3% to 1.3%, but not a single economist came close.  Held down by weakness in the nonresidential component, construction spending didn’t get a lift at all from the mild weather late last year, rising only 0.1 percent in December following a downwardly revised 0.6 percent decline in November and a 0.1 percent contraction in October. Year-on-year, spending was up 8.2 percent, a respectable rate but still the slowest since...
    On February 1, 2016 / By
  • Finance 0

    Twitter Inc. Stock Surges On Buyout Talk

    Talks about a buyout of Twitter Inc. (NYSE:TWTR) have been refreshed with a report that private equity firm Silver Lake and investor Marc Andreessen once considered teaming up to buy it. Shares of Twitter surged by as much as 10% today as some investors gambled on the rumor, which seems—just as every other report about a buyout of the micro-blogging firm—to be just that. Deal or no deal? Business Insider (citing The Information) reports that Silver Lake and Andreessen had “considered some sort of deal.” The phrasing certainly doesn’t make it sound like a deal is in the works, and writer Jessica Lessin adds that she doesn’t kno...
    On February 1, 2016 / By
  • Finance 0

    Craig Hemke (TFMetals Report): Unhinged Silver Fix And S&P Death Candle

    I sat down with Craig Hemke, TFMetals Report to get a much needed update on the S&P Death Candle and to get his take on what happened with silver on Thursday. Ponzi schemes are as old as time. We live in unprecedented times. In 2012 the U.S. government legalized propaganda and since then the lies and deceit we are fed have become common place, not to mention more disconnected from reality than ever before. If we look at the outrageous unemployment number, being 5% when reported on January 8th, 2016, anyone with a brain knows that something is out of balance. The labor participation rate is somewhere around 1950’s level. I ask you,...
    On February 1, 2016 / By
  • Finance 0

    E Bank Of Japan Bombshell Boosts Markets

    I was just about to don my backpack and head out for my evening hike when I caught a phone call from Tokyo. The Bank of Japan had just announced they were implementing negative interest rates for the first time in history. The Japanese yen (FXE), (YCS) was in free fall and the stock market (DXJ) was soaring. Note to self: don’t ever answer the phone just as I’m heading out the door. Good-bye hike, hello another inch on my waistline. However, bank stocks were getting destroyed, as they would now have to pay money to the central bank to accept deposits, as they already do in Europe and Switzerland. The overnight trading in S&P 500 (SPY)...
    On February 1, 2016 / By
  • Finance 0

    EC 10 Investment Rules From Investing Legends

    I recently wrote an article discussing some of the issues of “buy and hold” investment advice as it relates to what I call a “duration mismatch.” The issue that arises is individuals do not necessarily have the “time” to achieve the long-term average returns of the market. As I stated in the article: “Most have been led believe that investing in the financial markets is their only option for retiring. Unfortunately, they have fallen into the same trap as most pension funds which is hoping market performance will make up for a ‘savings’ shortfall. However, the real world damage that market declines inflict on investo...
    On February 1, 2016 / By
  • Finance 0

    EUR/USD And GBP/USD Forecast – February 1, 2016

    EUR/USD The EUR/USD pair fell rather significantly, forming a very negative looking candle. The negative looking candle ended up testing the 1.08 level, and as a result it makes sense that we had buyers come back into the marketplace as this area has been important for so long. I feel that we are at the bottom of the overall trading range, so I don’t necessarily feel like we can start selling. I think it’s not until we break down below the 1.07 level that it’s easy to do so. In the meantime, I am simply waiting to see whether or not we get some type of supportive candle to turn things around and buy with a short-term bias. That being th...
    On February 1, 2016 / By