TOP NEWS
MARKET CURRENTS
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5:07 PM Sprint (S) CEO Dan Hesse says his company is open to a major M&A deal, but not until 2014, by which point Sprint's 4G LTE upgrade will be complete. However, Hesse, whose attempt to acquire MetroPCS was thwarted by Sprint's board, notes any deal could be complicated by Sprint's low stock price. Separately, Hesse continues to predict the iPhone will be a profit-maker by 2015; concerns have grown Sprint isn't selling enough of them to absorb its purchase commitment. (previous) Comment! [Tech, M&A]
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5:00 PM On the hour: S&P +0.05%. 10-yr -0.02%. Euro -0.01% vs. dollar. Crude +0.13% to $92.76. Gold +0.07% to $1539.35.
Comment!
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4:56 PM Verizon Wireless' (VZ, VOD) shared data plans, due mid-summer, will be "very different, very innovative, something that really hasn’t been tried before in the industry," boasts Verizon CFO Fran Shammo. 3G/4G tablet makers, whose sales have been crippled by current mobile data plans, hope he isn't bluffing. As part of the move, Verizon will be eliminating unlimited data plans for 3G users who upgrade to 4G. Comment! [Tech]
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4:54 PM More on Aegean Marine Petroleum (ANW): Q1 beats across the board on a 12% Y/Y jump in total revenue. Net earnings rose 48% as weaker sales were offset by a 24% increase in the gross spread per metric ton of marine fuel. The Greek shipper has also buffered itself against a soft market by focusing on key hubs that lie along major shipping routes with heavy traffic. Shares +0.4% AH. Comment! [Earnings]
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4:45 PM The Cleveland Fed's May estimate of inflation expectations over the next 10 years clocks in at 1.38%, a hair less than the last report. It's a fairly new model, and combines information from a number of sources in the hope of improving on the so-called "break-even" rate derived from TIPS. Comment! [U.S. Economy]
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4:45 PM Shareholders ask a judge to delay Chesapeake Energy's (CHK -4.2%) June 8 annual meeting, arguing investors need more information to make "an informed vote" on proposals concerning Aubrey McClendon's and the re-election of board members. Comment! [Energy]
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4:42 PM More on Jack in the Box (JACK): FQ2 comes in mixed beating on revenue but coming up shy on a per share basis. Total revenue was flat compared to the prior year period, but net income surged on stronger restaurant margins and lower expenses. The company raises its FY12 earnings guidance, now predicting $1.28 - $1.50 per share, versus its previous view of $1.15 - $1.43 per share. After briefly being halted, shares have resumed trading and are -0.7% AH. Comment! [Earnings]
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4:42 PM David Einhorn and Jeff Gundlach square off over Apple (AAPL) at the Ira Sohn conference. Einhorn sees no reason why Apple can't eventually have a $1T market cap, and touts its software strength, cross-selling ability, and relatively low hedge fund ownership rate as positives. Gundlach continues to think (previous) Apple product refreshes will lose their ability to wow consumers. (more) Comment! [Tech, Quick Ideas]
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4:36 PM Aegean Marine Petroleum Network (ANW): Q1 EPS of $0.13 beats by $0.02. Revenue of $1.81M (+12.3% Y/Y) beats by $110M. Shares +2% AH. (PR) Comment! [Earnings, Energy, On the Move]
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4:32 PM Limited Brands (LTD): Q1 EPS of $0.41 in-line. Revenue of $2.15B (-2.9% Y/Y) in-line. Shares -3% AH. (PR) Comment! [Earnings, On the Move]
STOCKTALKS
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ANALYSIS FOR WEDNESDAY, MAY 16, 5:05PM ET
- Greek Worries Again Take Over Markets by Midnight Trader
- Wednesday Options Recap by Frederic Ruffy
- Taking Advantage Of Chesapeake's Woes by Tedra DeSue
- How Much Money Does It Take To Make Money?
- India: Cheaper And Safer Than China, Russia
- Go Long Bank Of America For The Risk / Reward
- How Low Interest Rates Impact Retirement Plans
- Sell In May: A Strategy Worth 33% A Year Since 2002
- Retail REITs Are Risk-Aligned, Investors Are Primed
- Do Lower Risk Stocks Outperform?
PORTFOLIO
| Symbol | Price | Chg | % Chg |
|---|
Latest Portfolio Headlines
LATEST ARTICLES
- Central Bank Distortion Damages Risk Measures by Todd Campbell • Comment!
- Tracking Warren Buffett'S Berkshire Hathaway Portfolio - Q1 2012 Update by One Family's Blog • Comment!
- Oracle Could Leap On Cloud In 2013 by Mel Daris • Comment!
- How Facebook Will Sneak Into Your ETFs by Morningstar • Comment!
- Stocks With Dividend Yield Over 5% Going Ex-Dividend (May 21-25, 2012) by StockPandit • Comment!
- 2 Bullish Stocks In A Bearish Climate by John Mylant • Comment!
- Pepsico Lags Its Peers by Jim Van Meerten • 1 Comment
- The Apple Obsession And The Facebook IPO by Dana Blankenhorn • 2 Comments
- 4 Dividend Stocks To Gain From A Rebound In Housing by Dividendinvestr • Comment!
- You Can't Have My SiriusXM! by Crunching Numbers • Comment!
- Mining For Profits In Coal by Aaron Murdock • 1 Comment
- Android Platform Could Drive Google To $680 By 2014 by Mel Daris • 1 Comment
- Apple Tumbles: The Short, Medium, And Long-Term View by Richard Bloch • 7 Comments
- Greek Worries Again Take Over Markets by Midnight Trader • Comment!
- Why Jim Cramer Gives These 4 Dividend Stocks A Buy Rating by Hawkinvest • Comment!
NEW ON NEGLECTED STOCKS
- Mining For Profits In Coal by Aaron Murdock • 1 Comment
- Tim Hortons: A Time To Buy by All American Investor • Comment!
- Is Susquehanna Bancshares Fairly Valued? What Investors Need To Know by Harvard Winters • Comment!
- Baytex Energy For Oil Income by Jeff B • 1 Comment
- General Dynamics Seems Undervalued By Up To 26% by Vytautas Drumelis • 1 Comment
- Southern Copper Corporation: 50% Upside Potential by Efsinvestment • 1 Comment
- Aecom Technology Corp. Is Bargain Priced by Contrary Wise • Comment!
- Growth Spotlight: MDU Resources by Roger S. Conrad • 2 Comments
- Sino-Global Shipping: A Potential Short-Term Double by Kinetic Investments • 2 Comments
- Analyst Upgrade Could Boost This Beaten Down Energy Concern by Bret Jensen • 1 Comment
- Short-Maturity ETFs Eye Money Fund Reform Gridlock by Tom Lydon • Comment!
- Penn National Gaming: Recent Acquisition Looks Promising by John R. Conway • 1 Comment
- Fracking Equals Growth And Income by Michael Shulman • 3 Comments
- Opportunity Looms In Africa's Biggest Fertilizer Maker by Emerging Money • Comment!
MACRO VIEW
- Central Bank Distortion Damages Risk Measures by Todd Campbell • Comment!
- Greek Worries Again Take Over Markets by Midnight Trader • Comment!
- Is There A Sell Off Coming For The Yen? by Ralph Shell • Comment!
- Chinese Economy: A Hidden Info Time Bomb? by Shaun Connell • Comment!
- The Rise Of Dependency And The Hidden Depression by Lance Roberts • 2 Comments
- A Classic Misunderstanding Of Gold, The Correction And Solution by Cliff Wachtel • 17 Comments
INVESTING FOR INCOME
- 4 REITs To Buy Now For Big Gains In 2013 by Mel Daris • Comment!
- One Man's Search For A Safe And Growing Stream Of Income - Part 3 by Bob Wells • 1 Comment
- Baytex Energy For Oil Income by Jeff B • 1 Comment
- How Long Will Double-Digit Dividends Remain At Annaly Capital Management? by John Mylant • 3 Comments
- A Low-Risk Naked Put Strategy For Freeport-McMoRan by Sol Palha • 2 Comments
- How Much Money Does It Take To Make Money? by George Acs • 17 Comments
ETFs & PORTFOLIO STRATEGY
- How Facebook Will Sneak Into Your ETFs by Morningstar • Comment!
- ETF Midweek Peek: A Dangerous Market For Everybody by David Fry • Comment!
- Are Active ETFs Less Volatile Than Index Funds? by Tom Lydon • Comment!
- PIMCO Total Return: ETF Or Mutual Fund? by Tom Lydon • Comment!
- Short-Maturity ETFs Eye Money Fund Reform Gridlock by Tom Lydon • Comment!
- The Powerhouse Of New Economic Growth: Guggenheim BRIC ETF by David Fry • Comment!
LONG & SHORT IDEAS
- Tracking Warren Buffett'S Berkshire Hathaway Portfolio - Q1 2012 Update by One Family's Blog • Comment!
- Oracle Could Leap On Cloud In 2013 by Mel Daris • Comment!
- 2 Bullish Stocks In A Bearish Climate by John Mylant • Comment!
- Pepsico Lags Its Peers by Jim Van Meerten • 1 Comment
- The Apple Obsession And The Facebook IPO by Dana Blankenhorn • 2 Comments
- You Can't Have My SiriusXM! by Crunching Numbers • Comment!
