Photo Credit:Håkan Dahlström MasterCard Incorporated (MA) Information Technology – IT Services | Reports January 29, Before Market Open Global payment network, MasterCard, is scheduled to report Q4 2015 earnings January 29th before the opening bell. After beating estimates in 5 of the last 6 quarters, MasterCard is expected to underwhelm investors thanks to a strong U.S. dollar and heavy expenses from updating payment technologies. The Estimize consensus calls for EPS of $0.72 and revenue of $2.548 billion, slightly higher than Wall Street’s estimates. Compared to Q4 2014, this represents a projected YoY growth in EPS and revenue of 4%...
Microsoft Corporation (NASDAQ:MSFT) released the earnings results from the second quarter of its fiscal 201 after closing bell tonight, posting adjusted earnings of 78 cents per share, compared to the analyst estimate of 71 cents per share. Revenue was $25.7 billion or $23.8 billion on a GAAP basis, compared to the consensus of $25.26 billion. Net earnings were 62 cents per share. Microsoft showcases cloud strength Microsoft saw its Productivity and Business Processes revenue fell 2% but increased 5% in constant currencies to $6.7 billion as Office and cloud services revenue was driven by growth in Office 365, which saw almost a 70% constant ...
We begin with the statement from the Federal reserve. Here is a summary interpretation from Natixis. Source: Natixis The “monitoring” of international developments was interpreted as somewhat dovish – although depending on how one looks at it, this could just be wishful thinking. Nevertheless the euro and treasuries rallied. Gold, which has been moving higher this year, also jumped on the news. Source: barchart US equity markets on the other hand were disappointed that the Fed didn’t go far enough, not taking the March rate hike off the table. Source: barchart Crude oil was actually higher as stories spread t...
For years, shorts would tear their hair out quarter after quarter, when AMZN would continue to bleed cash with relentless abandon, only to see the stock soar after earnings. Now, in what may be a perfect poetic symmetry, following the quarter in which Amazon’s free cash flow soared to the highest in years, printing at $7.3 billion, or more than triple the year ago period… … on margins that are becoming respectable on both a quarterly… … and LTM basis… … The stock is crashing by 12% at this moment: It wasn’t just that: one reason for the 13% plunge may be that in the holiday season in which man...
McCormick & Company (MKC) has increased its dividend for 30 consecutive years and paid uninterrupted dividends since 1925. While the stock’s current dividend yield is just 2%, it has recorded a double-digit total return over each of the last 1-, 5-, 10- and 20-year periods. Very few companies have managed to create such consistent value for shareholders. We are evaluating this excellent business for potential inclusion in our Top 20 Dividend Stocks portfolio. Business Overview MCK manufactures and distributes spices, seasoning mixes, condiments, and other flavorful products to the entire food industry – retail outlets, food m...
Durable goods orders and shipments declined much worse in December than November, ending any hope that November’s variation was anything other than simply that. Across-the-board, capital goods as well as durable goods, the numbers year-over-year were nearly flat for November, thus suggesting just how bad 2015 was overall when slightly negative seems like a huge improvement. So where capital goods orders had been -7.15% in September, but -1.8% and then -0.8% in October and November, respectively, December thumped everything back to recessionary reality; -7.69%. In durable goods orders (ex trans), what was -5.42% in September and -4.14% in Oc...
Stocks tried to rally early but were pushed back in what turned out to be a wide ranging day. The durable goods number this morning sucked out loud. Not much sign of recovery there. After the bell, AMZN missed its EPS projection by a mile, taking the stock quite a bit lower in the after hours trade. GDP estimate for 4Q tomorrow. Have a pleasant evening....
The lifting of UN sanctions on Iran could well be a lifeline for companies in the oil and gas service and supply sectors. The oil price collapse has tightened E&P company budgets for development in North America, significantly reducing the potential market for oil and gas service and supply companies to operate in. Companies traditionally focused on North American markets are increasingly being drawn into potentially transferring their skills and expertise overseas, and the developments in Iran could open up a huge amount of new opportunities. Before the sanctions were recently lifted, 2014 data shows Iran’s oil and gas industry was a s...
How far would stocks need to fall to get back in line with historical valuations? Ron gives you an abbreviated history lesson on equity valuations from China to the U.S. How would your portfolio hold up in a 20% or greater market decline? Audio Length: 00:41:36...
It looks like the glitter of gold is shining once again. The $15 trillion selloff in global equity markets since May and the rout in oil prices are reviving the lure of gold for investors looking for safe havens for their money. When things go wrong in the markets and investors are uncertain which way to turn, they often turn to gold. Gold has been staging a rebound of late with trading either side of $1,100. Gold prices were off 0.3 percent on Friday at $1,097.90 but picked up in today’s trading, hovering now at about 1,103.00. Gold had dropped to a five-year low in December as the dollar strengthened and U.S. inflation remained stagnant...