With the bank down over 8% on the announcement of at least $2 billion in expected losses, JP Morgan’s Jamie Diamond has some explaining to do. And simply saying that the incident “puts egg on their face” isn’t cutting it. The massive trading loss stemmed in part from a failed hedging strategy and derivatives bets […]
In an interview earlier today with CNBC, Warren Buffet expressed very little concern over the super retailer’s recent issue with suspected bribery down in Mexico. Although certainly a black eye for the management team, Buffett feels the situation is a representation of bad choices made by a few rather than a deeper rooted issue of […]
Watching SLB trade lower and lower is what I’m talking about. Watching HES and HAL trade into the red is what I’m talking about. Watching BAS get crushed is what I’m talking about. The market hates oil and oil service stocks. Period. Prices are high, these companies are making profits hand over fist, but demand […]
Tempur-Pedic just got a taste of this ultra finicky market in a big way. Earnings weren’t all that bad, but a slight change in guidance sent shares spiraling down almost 21% on the day. The product is fantastic, it’s the only bed I’ve found to vastly improve my ability to sleep. Just look at how […]
These Apple charts from Business Insider are getting more and more interesting.. With all the headlines touting AAPL as hedge fund’s number one holding, it’s a bit startling to see how small a slice of the company they actually control. Looks like wirehouse brokers couldn’t have found an easier story to pitch to their clients.. […]
Aswath Damodaran is what the investing world would call smart money. As a professor of finance at NYU, he wrote Damodaran On Valuation. And yes, that means he wrote the book on valuation. So when you hear that he just dumped AAPL from his portfolio with a cost basis of $5 a share, should you […]
After hours and after earnings last night, Google (GOOG) announced a 2:1 share split. However the split has an ulterior motive other than reducing the cost per share, as Google’s co-founders are also looking to revamp the corporate structure as a result. With the split, a new share class will be formed other than the already […]
Not much needs to be said here. Apple makes more money than three european countries combined ($33 bil in earnings vs $32 bil in earnings for Europe). Its valuation is more than three european countries combined. How big can Apple get? Apple to Top Spain, Greece, Portugal: Chart of the Day – Bloomberg.
Rob May, who is a co-founder of Backupify (online data storage) just posted some interesting information on his blog. In case you ever wondered just how much your Yelp review or Tweet, was worth in real life dollars, here’s what he found: Check-in on Forsquare= $.40 LinkedIn Search= $.124 Facebook Share= $.024 Tweet= $.001 and […]
Well, we can all stop holding our breaths.. FB is on the Nasdaq. Facebook Picks Nasdaq for I.P.O. – NYTimes.com.