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Nasdaq Futures Soar After Microsoft, Google, Amazon And AT&T All Beat, Surge
The "old economy" may be on the verge, if not already in a recession, but the "virtual/advertising economy", especially the one connecting the smart phone in your hand to some cloud, is thriving, and as a result Nasdaq is soaring after hours.
After AMZN, MSFT, AT&T, and GOOG all beat:
The details courtesy of Bloomberg:
Amazon
- *AMAZON SHARES RISE MORE THAN 8% IN POST-MARKET TRADING
- *AMAZON.COM 3Q EPS 17C, EST. LOSS 13C
- *AMAZON.COM 3Q SALES $25.4B , EST. $24.9B :AMZN US
And here is something remarkable: AMZN had a higher profit on its AWS cloud service ($521MM at a 25% margin) than its entire domestic and international legacy business ($472MM or a 2.0% margin)
Microsoft
- *MICROSOFT CORP 1Q ADJ. EPS 67C, EST. 59C
- *MICROSOFT CORP 1Q ADJ. REV. $21.7B, EST. $21.0B
- *MICROSOFT CORP SHARES RISE MORE THAN 5% IN POST-MARKET TRADING
AT&T
- *AT&T 3Q ADJ. EPS 74C, EST. 69C
- *AT&T ADJUSTED EPS GUIDANCE INCREASED TO $2.68 TO $2.74 RANGE
- *AT&T 3Q ADJ. EBITDA $13.0B, EST. $12.4B
- AT&T sees 2015 adj. EPS $2.68-$2.74; saw $2.62-$2.68 (Sept. 29); est. $2.64.
- *ALPHABET 3Q ADJ. EPS $7.35, EST. $7.20
- *ALPHABET 3Q REV. EX-TAC $15.1B, EST. $15.0B
- 3Q cost per click (CPC) down 11% y/y vs est. down 7.5% (3 ests.)
- 3Q paid clicks up 23% y/y vs est. up ~19%
- 3Q Total ad rev. up 13% y/y, websites rev. up 16% y/y
- *GOOGLE SHARES RISE MORE THAN 9% IN POST-MARKET TRADING
* * *
October rate hike odds still at 6%.
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Economy is strong = Rate hike?
ZH prognosticators got it wrong again? Who could have seen that coming?
Lmfao!
I guess you missed the IBM, CAT, McDonalds and Walmart numbers? You're right though, what the fuck do they mean?
To the "Markets", they mean NOTHING! MCD up 8%
Right on 3 out of 4, McDonalds is turning things around, breakfast all day=winning
It means IBM, WMT, MCD are in decline, and AMZN and GOOG are on the rise. Are you in IT? IBM sells bloated, overpriced, impossible to use software. AMZN is changing the game.
I don't disagree that AMZN is overvalued, but as a business, I think AWS is going to be the leader for several more years.
+1, strictly for "IBM sells bloated, overpriced, impossible to use software"
This must be "liftoff." All that money "sitting on the sidelines" ... and stuff.
Weatherford reveals more job cuts, misses on revenuehttp://www.bizjournals.com/houston/morning_call/2015/10/weatherford-reve...
Not to worry, October 28th isn't for another six days of happiness and bliss. What could possibly go wrong ?
A listing of criminal organizations. Oh, they made money? (laugh track deafening)
All proud and sustaining members of the Deep State... spying on American citizens is big business.
Results tell one how a company has DONE, not how it is GOING to do.
DavidC
The Economy has nothing to do with it.
I am just so glad I do not short these broken markets. Man, that has to hurt.
I was up over 1% yesterday, down just under 2% during the day session, today. Ten minutes later, I was down another 1% or so. Not fun but not bullish, either. That said, I'm not getting in any deeper tomorrow. I'll now wait for Monday...meanwhile doing nothing aways relaxes me.
Ok thanks. Have a cocktail.
Yes, it does.
Crap NFPs in October and NASDAQ now within 140 points of it's all time high.
DavidC
I just visited a friend who started shorting 2 weeks ago.
I warned him so many times but he had to write calls... he's been losing 6k per day since he wrote them and he's so deep in the hole he can't get out.
He doesn't even know how much he's losing per day, all he sees is the daily text messages from his account, he can bare to watch it.
I told him to cover but suddenly he told me that he was thinking to use a factoring account to go long and make it all up when the markets go even higher.
Funny thing is, I told myself that when I would ever hear that, that I would go short 1 week later. I'm not going to do that because I expect a serious squeeze next week and depending on the force, I'll stay long or short.
But how many retail investors are now way over their head in trouble?
I've never seen so many people who all went back in the market to short it.
Everybody did it. And that's the main reason the market simply can't crash. To many shorts.
"And that's the main reason the market simply can't crash."
Thanks for that...I was feeling a bit blue after being trampled by the tech stampede but your comment made me feel better.
Wall Street's darling momo.
Im glad he is enjoying himself. I hope he lives through Christmas.
amzn, i constantly marvel at that bloated pos
With a 0,2% profit margin and a labor force working in slave like conditions.
The fact such companies are allowed to operate in the west shows how degraded we've become as a society.
Ridiculous and ridiculouser. How much more money can advertising and middle-manning really bring in?
You'd think PEs ranging from 30s to the triple digits (on adjusted earnings) already reflect growth of 20% or less?
But we all know that these stocks are just FED-sanctioned gambiling scrips for the chosen ones to play with.
The credibility gap widens further - wider than we ever imagined it could stretch ...
A Lot of companies are seeing a drop in sales and everybody is hiring digital managers, social media managers... you name it.
They're all dropping their current marketing plans and going that way.
Plain stupid and 99% don't have a clue how it actually work.
They think that if they put a young kid in charge of their online marketing that it will all go okay but as I see it, they're digging a serious hole for themselves.
So expect a serious rise of those profits yet to come but it's a sign of dropping sales.
So you think there's a future in social media stuff?
Sounds like fun.
Maybe those kids can negotiate the early terms on all those leases they have everywhere?
If you want to talk to an android, the AT&T store is worth visiting. Quick, before they are all gone and the androids are changing your oil at Jiffy Laugh.
so no excuse not to raise rates now?
u know what, just sit back and laugh.
these stawks have been run up non stop every fucking day, but of course nothing was priced in.
if it makes u guys feel better ( bc it makes me feel a bit better) even if those companies missed expectations, they would be up dramatically anyways.
EVERYTHING IS FUCKING AWESOME.
also it didnt hurt goog that they bought back 5 billion in stawk!
FUNDERRRMENTELSSS!!!!
ho lee fuk, another week of worthless AMZN puts - got to get back on the glue sniffing i guess
at this rate,i'm gonna have to sell all my prepper items.
didn't see this one coming...what was i thinking????
67 million Windows 10 installations in 2015 = BULLISH!
By the way, what does 67 million x $0.00 equal?
Exactly. You have to wonder what accounting magic they are using.
ask Valeant CFO for a proper multiple?
Windows 10 be a shit show like the rest of their OS crap
Windows 10 is packed to the gills with spyware. You get the free install and they get to sell your browsing data. That's how the real money is made.
This worked for me....
http://www.howtogeek.com/218856/how-do-you-disable-the-get-windows-10-ic...
No doubt they managed 'expectations' so it was a complete walk over to 'beat' them!
Well, you didn't expect anything different. Did you? DID YOU?
oh yeah that one minute chart is pretty fucking powerful man..........I bet warren buffet could take one glance and put 90% of everything he owns on it
1999...
anyone notice that facefuck is also up like 2 plus dollars after hours?
what a fucked up world
Meh, the fact that it went up about ten percent today will look like nothing on the daily chart after they report earnings in a few days and the stock doubles in milliseconds.
i heard from a long time buddy of mine on wall st that Jim Cramer can invest off 1min charts................He looks for a U pattern made out of 6 candlesticks................see F is the 6th letter in the alphabet so you add the F and U and you get the Jim Cramer FU pattern........................it works 72% of the time historacly over the last 30 years
Do y'all bitchez plan to churn the free Amazon Prime membership this Christmas season? :)
We should all try and remember this week of manipulation and fraud , when we look back in a few years reminiscing about the collapse and that 2 week period where for no reason at all Everything was Awesome ...... we shouldn't let anyone in the future ever forget what we are witnessing right now !!!!
Right on Seasmoke. Never forget.
Never forget the consequences of Providence bitches!!
This appears to be an UPCRASH in October and the market looks like it wants to blowoff to new highs. The only way this insanity stops is for the Fed to raise rates. Zero cost of money and huge leverage by investment bankers gives them incredible control.
Just keep on raking in the cash. This is the time for the Dow to push through 18k
"Things happen here about, they don't tell about. I see things. You see, they say that it's just an old man talking. You laugh at an old man, it's them that laughs and knows better."~Texas Chainsaw Massacre(1973 version..the original)
just a note to my fellow ZH Bro's(and sistahs)...Hang In There...we know it's coming
Jesus fucking christ...when will this shit shit show end? I hope this is the bull trap of the century.
Adjusted? What is this "adjusted"?
I fondly remembered the days when companies told the truth about their earnings and their was no need for *adj.
ZH, you make a very astute observation in this article:
"And here is something remarkable: AMZN had a higher profit on its AWS cloud service ($521MM at a 25% margin) than its entire domestic and international legacy business ($472MM or a 2.0% margin)"
However, you give it all back when you make the following assertion:
“but the "virtual economy", especially the one connecting the smart phone in your hand to some cloud, is thriving”
Guy's obviously we need to give the short term bullish day traders their due on this one, but think about the above statements carefully.
Amazon has spent years trying to build a profitable legacy retail business (which is what sets Amazon apart from its competitors), and yet cloud services earned more money for them. What kind of differentiation do you think there is in the cloud services business (translate - low barrier to entry and very easy to commoditize). Any dinosaur tech company (Dell, IBM, HP, AT&T) can offer cloud services. It is mature MIPS-based technology that has all the aspects of a race to the bottom on margins.
The fact that Amazon had very weak profitability results in its main line business, the so-called “Wal-Mart-killer”, is not a strong endorsement for the company – or the “virtual economy”.
Translation. Sometimes bear markets are generous, and let the shorts have another chance to get in.
Not saying Amazon per se is a screaming short, by the Nasdaq 100 is looking pretty pricey up here.
I would give that some serious thought at these price levels and with this economy.
Amazon % costs for fulfilling orders are outstripping their sales growth. They're idiots. They cut into their profit margin with every sale:-)
I was expecting the market to hit a wall at S&P 2040 without a catalyst to break through resistance. We got that catalyst and his name was Mario, and then we got MSFT, GOOGL, and AMZN after hours. Looks like we are going right back to 2100 S&P. When the price action invalidates your thesis, change your mind quickly or lose money.
Damn it guys - easy money, just btfd and then btfath. You could be trillionaires by now...
Amazon results a total scam https://market-ticker.org/akcs-www?post=230820
thanks. i enjoy reading kd when he gets in that mode.
Please understand, and have some comfort that everything we see here is smoke and mirrors. This is all fantasy. It may as well be fantasy football trades. The esteem Jim Sinclair calls it all - PSYOPs. His sources have not been wrong to date. His sources are people that truly know what is going on. Pay attention to what he says about what he was told about the price of gold in '80. He stands by his $50,000 / oz. on gold bullion. This is all going to come down on those that think they can ride out and party to a category 5 hurricane bearing down on them ..
It is not going to be pretty ..
https://youtu.be/u7tTdO6oxUA
https://app.box.com/s/hfgvcqg7gqh7i27at6sv53ywu87lwarp (Read Me First)
1999 all over again
Fraud are us... Laughing stock, open "the Market" up 10% in the morning and really drive home the message.
so the market goes up on bad news and goes up on good news? hmmm?
So does Amazon have a trackable P/E now?
The company is now way bigger than Walmart in market cap with a small fraction of the total sales, no real growth, almost zero in the way of assets.
Sure makes perfect sense.
I wouldn't care if it weren't for the league of sociopaths getting richer the higher it goes.
Sociopaths and psychopaths only know how to destroy. This is their great and unavoidable conundrum. They will destroy all the wealth they have accumulated because they have no "off" switch. They will kepp taking and taking and manipulating and manipulating untill the susyem explodes and takes all their fantasy gains with it,
Watch the game on CAT SEC system.... crony capital paid off with ZIRP http://www.ft.com/cms/s/0/03423eac-4085-11e5-b98b-87c7270955cf.html#axzz...
http://www.nytimes.com/2015/08/13/business/dealbook/sungard-sale-has-a-b...
The SEC CAT system is a being limited to 6 bidders and the cloud model is a huge issue with killing the US economy. More importantly the security issue and compliance are really misappropriation of CapX bastardization to monopolistic government control...
It seems this cloud is a very very bad idea.... LOOK AT HONG KONG AND MESH NETWORKS... not buying any of these services... unless hosted in iceland or other favorable country.. NSA switch on thought control seems to be doing AOK on rigged earnings.
America great again?? US....?? FUCK YEAHHH...