Archive for February, 2021

• Morning News: February 3, 2021
  Eddy Elfenbein, February 3rd, 2021 at 7:04 am

  After A Bruising Year, the Oil Industry Confronts a Diminished Future

  Why We Don’t Believe the Big City Obituary

  The Burger Flipper Who Became a World Expert on the Minimum Wage

  Bezos to Give Amazon Reins to Cloud Boss Jassy As Sales Rocket Past $100 Billion

  U.S. Mint Still Rationing Silver Coins Amid ‘Exceptional’ Demand

  Reddit Trading Frenzy Fades As Yellen Summons Agencies

  Mark Cuban Tells WallStreetBets to Hold ‘If You Can Afford to’

  Robinhood’s C.E.O. Is in the Hot Seat

  Are Private Messaging Apps the Next Misinformation Hot Spot?

  Ant Reaches Agreement With China Regulators on Overhaul

  Howard Lindzon: Aaron Task Interviews Me To Talk Markets, Robinhood and Investing

  Cullen Roche: Three Things I Think I Think – YOLO Gambling is Reckless

  Michael Batnick: De-Grossing and the Butterfly Effect

  Ben Carlson: How The “Dumb” Money Won

  Joshua Brown: The Young Investor Revolt (with Stephanie Ruhle) & Wall Street is Undefeated Since 1792

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• Broadridge Earned 73 Cents per Share
  Eddy Elfenbein, February 2nd, 2021 at 11:02 am

  Still more earnings. This morning, Broadridge Financial Solutions (BR) reported fiscal Q2 earnings of 73 cents per share. That topped Wall Street’s estimates of 70 cents per share.

  CEO Tim Gokey said that Broadridge now expects sales and earnings growth to be at the “higher end” of their full-year guidance. The current guidance is for revenue growth of 3% to 6% and earnings growth of 6% to 10%.

  “Broadridge delivered 7% Recurring revenue growth and 38% Adjusted EPS growth in the second quarter.

  “We are executing well on our targeted growth plans across Governance, Capital Markets, and Wealth & Investment Management. As we enter our seasonally more significant second half of the year, we will continue to invest to support our long-term growth strategies,” Mr. Gokey added.

  “Our Fiscal 2021 outlook puts us squarely on track to achieve the three-year growth objectives we presented at our investor day two months ago, including 7-9% Recurring revenue and 8-12% Adjusted EPS growth,” Mr. Gokey concluded.

  Last fiscal year (ending in June), Broadridge made $5.03 per share. So that higher end of guidance roughly translates to earnings this fiscal year of $5.43 to $5.53 per share. For the first six months of this year, the company has made $1.70 per share.

  This isn’t an outstanding report like BR’s last one, but it’s a good one.

• Morning News: February 2, 2021
  Eddy Elfenbein, February 2nd, 2021 at 7:03 am

  U.S. Economy Is Healing, But Budget Office Says Workers Have a Long Way to Go

  Reddit Trades Crumble as GameStop, AMC and Silver Plunge

  Anyone Can Manipulate the Market. Here’s How to Fix That

  GameStop Saga Expected to Revive Scrutiny of Hedge Fund Industry

  Robinhood, Under the Gun, Raises $2.4 Billion

  For Shrinking Greylock Hedge Fund, $100,000-a-Month Rent Proved Too Much

  Pandemic Drives Oil Major BP to First Loss in a Decade

  Exxon-Chevron Tie-Up Not as Crazy as It Sounds

  Tesla Could Receive Over $1.2 Billion in Subsidies From Germany for Battery Plant

  Amazon’s Former Delivery Guru Wants to Solve the ‘Middle Mile’

  The Capitalist Case for Overhauling Twitter

  Super Bowl Ad Bind: Get Noticed, Avoid Angering Anxious Viewers

  Ben Carlson: How the Stock Market Works

  Howard Lindzon: Momentum Monday – While Gamestop Was Being Squeezed …And A Second Video About Robinhood, PFOF and Short Squeezes

  Joshua Brown: Silver Stocks Explode, Most Heavily Shorted Stonks, Vix Spikes, Five Questions for the Congressional Hearings on GameStop, Reddit and Robinhood & Wall Street Conspiracy Theory Breakdown w/ Josh Brown | DESUS & MERO | SHOWTIME

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• Thermo Fisher Scientific Earned $7.09 per Share
  Eddy Elfenbein, February 1st, 2021 at 8:16 am

  This morning, Thermo Fisher Scientific (TMO) reported Q4 earnings of $7.09 per share. This was a very good quarter. Wall Street had been expecting $6.56 per share. Q4 revenue grew by 54% to $10.55 billion.

  Full-year revenue grew 26% to $32.22 billion, and full-year EPS increased 58% to $19.55.

  On the earnings call, Thermo said it expects 2021 earnings of $21.62 per share and revenue of $35.1 billion. Wall Street had been expecting $20.74 per share on revenue of $33.7 billion.

• Morning News: February 1, 2021
  Eddy Elfenbein, February 1st, 2021 at 7:03 am

  Maximum Employment? What It Means Post-Pandemic May Have Changed Already

  How the Stock Market’s Relentless Rise Saved Companies

  GameStop Saga May Provide Early Test of Biden Administration Ethics Pledges

  Silver Swept Up By GameStop Retail Frenzy, Prices Soar

  If Google Pulls Out of Australia, Prime Minister Says Microsoft’s Bing Could Take Its Place

  Boeing Tanker’s Flaws Irk Air Force, Spur $336 Million Holdback

  Millennials Are Changing the Luxury Real Estate Market

  How a High-Ranking Nissan Executive Escaped His Own Trap

  Nick Maggiulli: When They Start to Lose, They Change the Rules!

  Howard Lindzon: Social Media as A Market Force….

  Jeff Miller: Weighing the Week Ahead: Does the Reddit Rebellion Threaten Investor Portfolios?

  Cullen Roche: My View On: Short Selling

  Jeff Carter: Your Regulator Overseers

  Michael Batnick: Animal Spirits: Crypto as an Emerging Store of Value & It Feels Like The Game Is Rigged

  Ben Carlson: 10 Signs You Are Not a YOLO Trader, When Markets Become a Pop Culture Phenomenon & The Biggest GameStop Overreactions

  Joshua Brown: Wall Street Thanks You For Your Revolution, What Still Works?, The Case for Silver & Pigs Get Slaughtered, Doing the Work with Rachel Robasciotti, GameStop Short Squeeze

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