After Hours

Tyler Durden's picture

Frontrunning: August 19





  • Just how many rats are there? Steven Cohen's Firm Loses Another Top Executive (WSJ)
  • Iceland Sees a Potential Volcanic Eruption, and Airlines Cower (Bloomberg)
  • Iraqi forces battle to drive jihadists from Saddam's home town (Reuters)
  • Israel, Palestinians Agree to Extend Gaza Truce for 24 Hours (BBG)
  • Pimco now buying junk (BusinessWeek)
  • Pakistan arrests 147 in Punjab towns as protests in capital continue (Reuters)
  • Ex-Rabobank Employee Pleads Guilty in Libor-Rigging Probe (BBG)
  • Ebola Orphans Targeted by Aid Groups as Newest Victims (BBG)
  • Two California youths accused of plotting high school shooting spree (Reuters)
  • Only Rich Know Wage Gains With No Raises for U.S Workers (BBG)
 
Tyler Durden's picture

Candy Crash





Who could have seen that coming? Oh apart from all the 14 analysts that cover it (9 Buys, 5 holds). KING is down 25% after hours, at record lows after missing on revenues, gross bookings, and active users and slashing outlook:

*KING 2Q REV. $593.6M, EST. $605.7M

In a desperate attempt to save the stock price they announced a huge $150 million (46.9c per share) special dividend...but it's not working.

 
Tyler Durden's picture

Yellen Capital Humiliated After First Facebook And Now Twitter Surge Higher: TWTR's Quarter In Charts





Moments ago TWTR reported Q2 earnings which beat EPS expectations of a 1 cent loss, posting non-GAAP EPS of $0.02 (let's ignore that the GAAP EPS was actually -$0.24 and that GAAP Net Loss was $144.6 million, much worse than the $42.2 million a year ago, all driven by stock-based compensation expense, because clearly retaining employees is never a factor when calculating earnings). And yet, the stock has exploded by 30% after hours on what appears to be a super squeeze after hours, as the company also reported revenue of $312 million up from $139.3 million a year ago and some $54MM in EBITDA, up 461% Y/Y. This is just a little awkward for the Federal Reserve which some 2 weeks ago was warning about a bubble in social networking stocks, just before first Facebook and now Twitter have exploded higher on what can best be described as yet another massive short squeeze of those who decided to not fight the Fed on this one.

 
Tyler Durden's picture

Why Herbalife Is Crashing After Hours In Two Charts





Here are the two most important charts which explain why the stock is crashing over 11% after hours.

 
Tyler Durden's picture

Overnight Manufacturing PMI Euphoria Boosts Futures To Fresh Record Highs





Ever since going public, it appears that Markit's giddyness about life has spilled over into its manufacturing surveys: after a surge in recent Markit mfg exuberance in recent months in the US, it was first China's turn overnight to hit an 18 month high, slamming expectations and fixing the bitter taste in the mouth left by another month of atrocious Japan trade data (where even Goldman has thrown in the towel on Abenomics now) following which the euphoria spilled over to Europe just as the triple-dip recession warnings had started to grow ever louder and most economists have been making a strong case for ECB QE. Instead, German July mfg PMI printed at 52.9, above the 52.0 in June and above the 51.9 expected while the Composite blasted higher to 55.9, from 54.0, and above the 53.8 expected thanks to the strongest Service PMI in 37 months! End result: a blended Eurozone manufacturing PMI rising from 51.8 to 51.9, despite expectations of a modest decline while the Composite rose from 52.8 to 54.0, on expectations of an unchanged print. Curiously the soft survey data took place as Retail Sales declined both in Italy (-0.7%, Exp. +0.2%), and the UK (-0.1%, Exp. 0.3%), which incidentally was blamed on "hot weather." Perhaps Markit, now that it has IPOed successfully, can step off the gas or at least lobby to have surveys become part of GDP.

 
Tyler Durden's picture

Is This The Scariest Chart In IBM's History?





Moments ago IBM reported revenues and EPS that both beat expectations and yet the stock is sliding after hours. We may have an idea why, and it has to do with the scariest chart in IBM's history, which we first revealed three months ago and which just got scarier.

 
Tyler Durden's picture

VIX-Manipulating HFT Algo Is Booted From Dark Pool, Exposed For Whole World To See





VIX was monkey-hammered lower once again today, lifting stocks vertically to Russell 2000 record highs and The Dow within a point of 17,000. The question is who (or what) is doing it. Nanex seems to have found out who... It appears the un-visible hand of VIX manipulation (that we have shown previously) has been forced into the open public markets as Barclays goes dark. Simply put, massive bursts of 1-lot TVIX orders flood and delay the markets enabling HFTs to manipulate the tail that inevitably wags the market (via VXX, SPX options hedges and leverage) and now that the dark pools are disappearing, we see it all in real-time.

 
Tyler Durden's picture

The Last Minute VIX Murder





 
Tyler Durden's picture

Do Any Of These Family Dollar Calls Belong To Phil Mickelson?





While the bulk of the just announced Icahn activist foray into yet another company, this time Family Dollar, is cut and dry, we can't help but wonder: was Phil Mickelson the person buying all those FDO calls just after noon today?

 
Tyler Durden's picture

Small Caps Surge To Best Week In 2014





The US Dollar, gold, and oil closed the week unchanged... Treasury yields rose 6-8bps on the week... and the Russell 2000 had its best week in 2014... Sure, why not? VIX was crushed back to a 10-handle as managers lifted hedges and the Tepper-induced short-squeeze from yesterday followed through (+2.5% against a 1% rise in the S&P). The Dow and S&P 500 both closed at record highs (notably rich to the Fed balance sheet). Volume was 20% below average (and that was a payrolls day!). Copper tumbled over 2% - its worst week in 3 months as China's warehouse probe continues.  VIX closed at its lowest close since Feb 2007 (and once again the strange shadowy figure of massive after-0hours volume spikes in VXX appeared).

 

 
Tyler Durden's picture

The Memorial Day Gold Massacre - When HFTs Forget The World's On Vacation





As the rest of America began to relax last Monday with a patriotic beer in their hand and a never-forget-hotdog stuffed in their mouth, the machines that run the gold manipulation market appeared to forget that the world was on vacation. The WTF moment that we described here, appears - thanks to Nanex detailed analysis - to have been the actions of yet another rogue HFT algorithm roller-coastering through an after-hours order book in gold futures. Un-rigged?

 
Tyler Durden's picture

Whole Foods Misses, Lowers Guidance, Or What Happens When You Ignore Buybacks At The Expense Of CapEx (Hint: -10%)





While we recently roasted IBM for engaging in an unsustainable debt-funded buyback program, in which IBM has used every dollar of debt issued since 2012 to buyback its stock, moments ago another company showed why management teams would much rather buyback their stock than invest in CapEx in a market that only reward instant gratification in the form of shareholder friendly activity and furiously punishes any attempts to grow for the future.

 
Tyler Durden's picture

Frontrunning: May 6





  • Both sides bury dead as Ukraine slides towards war (Reuters)
  • Dollar wilts to 6 1/2-month low; shares drift (Reuters)
  • Draghi Grapples With Money Markets Signaling Recovery Too Early (BBG)
  • Foreign wristslaps: Credit Suisse Nears Record Tax Plea: Credit Suisse Settlement Expected to Exceed $1 Billion (WSJ)
  • OECD joins IMF in cutting global growth forecast, demanding moar QE from ECB  (WSJ)
  • Three Bankers Bolster Blankfein as Goldman Trading Sinks (BBG)
  • Strong performance from eurozone services sector (FT)
  • OECD Cuts Forecast for 2014 Global Growth; Urges ECB Action (WSJ)
  • Elite Colleges Don't Buy Happiness for Graduates (WSJ)
  • How Russia Inc. Moves Billions Offshore -- and a Handful of Tax Havens May Hold Key to Sanctions (BBG)
 
testosteronepit's picture

The Last Two Times This Happened, The Stock Market Crashed





It happened in 2000 and 2007. Spectacular consequences! Now it happened again. And beneath the blue-chip highs, parts of the market are already crashing.

 
Tyler Durden's picture

GOGO Bye Bye?





Some uncomfortable news for the airplane web provider after hours:

*AT&T SAYS IN-FLIGHT CONNECTIVITY SERVICE AVAILABLE LATE 2015

GOGO stocks are down 18%... Go Go Gadget "barriers to entry"

 
Syndicate content
Do NOT follow this link or you will be banned from the site!