Category Archives: Earnings

Harbinger? Dropping Like A BlackRock

                   Source:   Holger Zschaepitz @Schuldensuehner Wow.   Completely missed the 34 percent flop in Blackrock, the world’s most massive shadow bank, from its $594.52 January high.   Now trading through the key $400 level, with … Continue reading

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Alphabet Revenue Growth Up 26 Percent

Alphabet announced earnings last night with a whopping 25.6 percent quarterly y/y revenue growth (23 percent on a constant currency basis).   See earnings release here.   It is stunning to us that an almost $900 billion market cap company can … Continue reading

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How Sustainable Is Earnings Growth?

Not very. We will leave the calculation for the entire stock market to the stock analysts. Here’s why: Just glancing over WalMart’s latest earnings release from the week, we see two one-off macro factors that helped WalMart’s earnings in Q1, … Continue reading

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Employment Data In Charts: Markets All Lathered Up

The punk employment data makes us think the economy is running out of labor.   Very similar to the dynamics in the housing market. The markets are lathered up about the annual moderate average hourly earnings growth of 2.6 percent.  The … Continue reading

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Quality Of Earnings?

Rosie is a bear but a credible bear, and not a perma-bear. The financial engineering game ends when the government starts to play. Glushkin Sheff's Dave Rosenberg: nearly 2/3 of US corporate profit growth is due to tax cut and … Continue reading

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Big Week For Earnings

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The Looming Donnybrook Between Cyclical & Structural

This next quarter is going to be a major battle between the cyclical bulls and structural bears. Cyclical Bulls The bulls have the strength of current earnings, which may, or may not be priced (probably the later as the market is … Continue reading

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Ambiguity Of The Dow’s Value: -3.3% GAAP v 10.5% non-GAAP 2017 Earnings

One more example of the ambiguity of stock value  and why earnings are, or can be, the creature of  a company’s CFO.  This is exactly why we prefer top line metrics, such as sales and revenues.  See here for debate … Continue reading

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Caterpillar Beats For All The Right Reasons

Caterpillar, a bellwether for the global economy,   beat on both the top and bottom line for all the right reasons (increase in sales and revenues) with their earnings release this morning.  The stock is up over 5 percent at … Continue reading

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Six Charts of Christmas: Profits – FT

John Authers asks if US profits and profit margins are due to fall further in 2016. ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs (click here if charts are not observable)

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