• Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.
  • Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.

After Hours

Tyler Durden's picture

Valeant Tumbles After Hours As More Bad News Emerges





Just when you (and Bill Ackman) thought the worst was over,  an avalanche of insurers and pharmacies are dumping Valeant's Philidor and raising more questions about its activities. VRX is now down 16% on the day, back below the key $100 level (after touching $127 intraday).

 
Tyler Durden's picture

Not Even Buyback Of A Stock Can Save Camera On A Stick: GoPro Plunges To All Time Low On Earnings





In a day in which the walking dead were on the verge of going green (Twitter nearly wiped out its entire loss following last night's earnings), there was some hope that momo stocks would finally make a come back. Alas, for the company which we first dubbed "camera on a stick" it was just not meant to be.

 
Tyler Durden's picture

IBM Reports Terrible Q3 Earnings: Worst Revenue Since 2002; Slashes Guidance





Moments ago IBM reported what can be defined simply as abysmal results.

 
Tim Knight from Slope of Hope's picture

Earnings Still Matter





As we head into another earnings season, the bulls better pray to whatever pagan gods they worship that company after company magically defy the downturn that the economy is quite obviously entering.

 
Tyler Durden's picture

YHOO Flash-Crashes After IRS Fails To Rule On BABA Spin-Off





Well this might explain the weakness in BABA over the last couple of days as it appears 'news' of the IRS lack of decision on the tax-free-ness of YHOO's BABA spin-off leaked out. It is decidely unclear how the IRS's decision not to issue a ruling will impact the spin-off but for now YHOO shares have flash-crashed after hours and are now hovering 5-6% lower...

 
Tyler Durden's picture

Freeport-McMoRan Up Nearly 50% Today After Carl Icahn Goes Activist, Announces 8.5% Stake





Earlier today FCX announced that in order to save its business, it would lay off 10% of its employees, and that it now expects $4 billion in capital expenditures for 2016, down from a prior estimate of $5.6 billion. Its 2015 capital expenditure budget currently stands at $6.3 billion. The resultant surge in the company, which exploded by 30% in the regular hours, made many wonder if there wasn't more to the story. The answer is: yes, there was, and moments ago none other than Carl Icahn announced an 88 million, or 8.46% stake in the copper miner, in a 13D which said that said the company was "undervalued" and that Icahn is now seeking a board seat.

 
Monetary Metals's picture

Supply and Demand Report 9 Aug





It began in Dec 2008. To understand it, it is necessary to understand two principles. The first is that gold is money and the dollar is credit (which is currently worth 28.4mg gold). For the second, we emphasize it's not just price, but separate bid and ask prices.

 
Tyler Durden's picture

LinkedIn 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 hours has been completely destroyed into the red as investors realize growth rates continue to tumble, capex is rising, and organic growth is slow.

 
Tyler Durden's picture

This Is The Reason Why Facebook Is Sliding After Hours, Dragging Nasdaq Futures Lower





Moments ago, Facebook reported Q2 earnings and just like Twitter, it beat across all key financial metrics. So all should be well, and FB stock should be soaring. Alas for FB longs it isn't and at last check the stock was down by $5 or about 5% after hours, because algos were focused on one particular user growth metric: Daily active users (DAUs) - DAUs were 968 million on average for June 2015, an increase of 17% year-over-year.  This number was a fraction less than the 970.5 million consensus estimate, and because it brought up nightmare visions of what happened to Twitter stock overnight, which since earnings has plunged to near all time lows, is forcing traders to sell or short, if only now, and ask questions later.

 
Tyler Durden's picture

Twitter Surges, Then Fades After Hours On User Growth Confusion: The Full Quarter In 6 Charts





Update: *TWTR'S NOTO: THIS IS BOTH A PRODUCT ISSUE AND A MARKETING ISSUE, DOESNT SEE SUSTAINED GROWTH IN MAUS UNTIL REACH MASS MKT

Just like on previous quarters, TWTR decided to use a gimmick when counting users, to wit: "Average Monthly Active Users (MAUs) were 316 million for the second quarter, up 15% year-over-year, and compared to 308 million in the previous quarter. The vast majority of MAUs added in the quarter on a sequential basis came from SMS Fast Followers. Excluding SMS Fast Followers, MAUs were 304 million for the second quarter, up 12% year-over-year, and compared to 302 million in the previous quarter." It took algos a few minutes to digest this fact, and as a result what was initially a solid 10% spike after hours, fizzled almost entirely, and as of this moment the stock had cut its after hours gains notably.

 
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