GAAP

12 Million Americans Are About To Get An Artificial Boost To Their FICO Scores

Tax liens and civil judgments soon will be taken off people’s credit reports, the latest move to omit negative information from consumer financial scorecards, in the process artifically boosting the FICO score for as many as 12 million Americans. "It’s going to make someone who has poor credit look better than they should," said John Ulzheimer, a former manager at Experian and credit-score creator FICO.

Wal-Mart Rises After Earnings, Comps, Guidance Beat Expectations, Sales Miss

With concerns over the state of the US consumer still lingering, analysts were looking forward to today's Q4 results by America's largest retailer for some further clarity, and they were not disappointed with what they saw: WalMart reported non-GAAP Q4 EPS of $1.30, beating expectations of $1.29 by one cent. Total revenue of $130.9 billion, an increase of 1.0% from a year ago, marginally missed estimates of $131.2 billion.

JPMorgan Is Not Looking Forward To Today's Apple Earnings

We believe guidance for FQ2 to March is likely to be lower than many expect on weaker iPhone unit volume. ASPs could partially offset this but the negative FX impact is probably enough to make the two effects a wash. At the current share price we doubt Apple deals with short term hiccups well.

The Full Breakdown Of How Trump Tax Policies Will Impact S&P Earnings

Some form of corporate tax reform under Trump seems likely likely as it is a stated priority of President Trump and has widespread Congressional support. In the following analysis, BofA analyzes the four components that could have big equity implications on S&P500 earnings over the coming years.

Target Tumbles After Cutting Guidance, Reports Poor Comps; Drags Wal-Mart Lower

Target now expects fourth quarter comparable sales in the range of (1.5) percent to (1.0) percent, compared with prior guidance of (1.0) percent to 1.0 percent. In fourth quarter 2016, Target expects both GAAP EPS from continuing operations and Adjusted EPS of $1.45 to $1.55, compared with prior guidance of $1.55 to $1.75.

David Einhorn Explains How He Is Trading The "Trump Presidency"

1) Long a variety of low-multiple, tax-paying, U.S. value stocks; 2) Long AAPL; 3) Long GM; 4) Short “bubble basket.” 5) Short oil frackers, 6) Short CAT (and other similar industrial cyclicals that have moved much higher post-election).