9 New York Doctors Arrested For Using Homeless People To Defraud Millions...
Submitted by Mike Krieger via Liberty Blitzkrieg blog, Mr. Rorie was recruiting homeless people, prosecutors said, and whoever had a valid Medicaid card would be packed into a van and sent to medical...
View ArticleNegative Interest
From the Slope of Hope: We are well into the eleventh year of Slope of Hope, and I think part of the appeal of the blog has been that I write from the heart. I’ve debated today whether I should write...
View ArticleIBM Reports Worst Sales Since 2002; EPS Beats On Aggressive Buybacks, Cut In...
Moments ago IBM reported results that “beat” expectations, with non-GAAP EPS printing at $2.91 vs consensus looking for $2.80. Why did IBM “beat” expectations? Because this is what happened to...
View ArticleS&P Futures Hug 2100 After China Denies QE, European Stocks Slide
Following yesterday’s early MNI rumor that a Chinese QE is being “considered” and which sent the Shanghai Composite surging 3% and led to an initial boost in US stock futures, overnight the PBOC...
View ArticleEinhorn Slams Mother Frackers
By EconMatters David Einhorn, the famous billionaire hedge fund manager, just found his next target: U.S. onshore E&Ps or the oil fracking companies. He laid out his short thesis during the...
View ArticleBond-ocalypse Sparks Stock Selling Scramble
Given the illiqiuidty in markets and distance between fundamentals and perception, this seemed an appropriate analogy…. Stocks were exuberantly running stops early on as talking heads proclaimed the...
View Article“Kept Afloat With Nothing But Happy Thoughts”
Submitted by Jeffrey Snider via Alhambra Investment Partners, The Edmund Fitzgerald departed the Burlington Northern Railroad dock in Superior, Wisconsin on November 9, 1975, at about 2:20 in the...
View Article2015’s Lowest Volume, VIX Crush, & Data Dump Send Stocks To Record Highs
SUMMING IT ALL UP FIRST – WE HIT RECORD HIGHS TODAY ON THE LOWEST VOLUME OF THE YEAR AS GLOBAL MACRO DATA MISSED EN MASSE… that is all In the last 12 hours - China PMI Miss/Drop, Japan All Actvity...
View ArticleCrude Slides After API Shows Another Inventory Build
Just when everyone thought it was fixed, crude inventories start building again as API reports (for the 2nd week): *API SAID TO REPORT CRUDE SUPPLIES ROSE 1.8M BBL LAST WEEK This follows a surprising...
View ArticleDow Red In 2015 As S&P Takes Out Key Support: Trannies Tank, Crude Clipped,...
It seems the hangover from Friday's "good" news continues, warranting only one possible clip today… First things first - The Dow dipped negative year-to-date, was briefly rescued by no-news Greece...
View ArticleEarnings Avalanche: CMG, GPRO, YHOO, MSFT All Lower After Hours
Unleash the talking head spin… Yahoo misses and cuts guidance… *YAHOO 2Q ADJ. EPS 16C, EST. 19C *YAHOO SEES 3Q ADJ. EBITDA $200M-$240M, EST. $279.7M *YAHOO SEES 3Q REV EX-TAC $1B-$1.04B, EST. $1.07B...
View ArticleApple Plunges Despite EPS Beat On iPhone Sales Miss, Drop In China Sales,...
Apple is important. Perhaps the most important company not only for the Dow Jones, but because it also happens to be the largest company by market cap, in the world. As such nobody will be happy that...
View ArticleThe Oldest Trick In The Accounting Book Is Back: How Coke Just “Beat” EPS...
One week ago, when the after hours algos sent INTC stock soaring on headline-scanning euphoria by nearly 10% to over $32/share, we did a snap analysis showing that the only reason why Intel beat was...
View ArticleRetail Investors’“Cult”-est Stocks
Via ConvergEx's Nick Colas, Even though we are an institutional brokerage firm, we always keep a weather eye on the state of retail investing in the U.S. There is, of course, the old saw that this...
View ArticleCommodity Clobbering Continues As Amazon Lifts Futures
After yesterday’s latest drop in stocks driven by “old economy” companies such as CAT, which sent the Dow Jones back to red for the year and the S&P fractionally unchanged, today has been a glaring...
View ArticleTwitter Surges, Then Fades After Hours On User Growth Confusion: The Full...
With many expecting Twitter to disappoint yet again after several quarters in which the company’s stock had a step-down reaction to earnings, moments ago TWTR beat virtually all-non-GAAP estimates,...
View ArticleThis Is The Reason Why Facebook Is Sliding After Hours, Dragging Nasdaq...
Moments ago, Facebook reported Q2 earnings and just like Twitter, it beat across all key financial metrics: Revenues of $4.04 billion beat consensus $3.99 billion Non-GAAP EPS of $0.50 also beat...
View ArticleLinkedIn Pumps’n’Dumps As Revenue Growth Rate Continues To Slow
Despite early exuberance at beating top and bottom lines (and users), it appears those looking for hyper-growth opportunities are selling into the machines. An initial 12% spike in the stock after...
View ArticleTesla Tumbles On Margins Miss & Deliveries Downgrade
It appears faith in the hyper-growth names is fading. Tesla is down 8% after hours after humans parsed through its various non-GAAP shenanigans and found: *TESLA 2Q ADJ. TOTAL GROSS MARGIN 23.4%, EST....
View ArticleSupply and Demand Report 9 Aug
by Keith Weiner Last week, we left off with this. “Something is happening with gold…” It began in Dec 2008. To understand it, it is necessary to understand two principles. The first is that gold is...
View Article
More Pages to Explore .....