Bloomberg Interview 9.25.2012
Tag: Inc.
Morning Rage 9.24.2012
Indices, metals, energy, and grains futures are all posting losses in premarket trading.
As of 6:30 am, Dow futures are down 55.00 points to 13,445.00, S&P futures down 6.00 to 1,446.00, and Nasdaq futures down 9.50 to 2,843.00. Gold futures are down 18.70 to 1759.30, silver futures are down less than a point to 33.72 and crude futures down a points and a quarter to 91.64.
The two Nasdaq powerhouses, Apple (AAPL| 700.09) and Google (GOOG| 733.99), are both down in premarket trading, -4.84 and -3.49 respectively. After the stocks chased each other to the $700 price point and above, investors might be weary of buying in at such a high price. I would expect a slowing of growth as they both continue to gain value from now till the end of the year, even after news of record iPhone 5 sales. AAPL is sitting around its all-time high, while GOOG remains about 10-15 points out of range of its own all-time high.
Lennar Corp (LEN), a stock the KOTM team has been expecting to bounce up after earnings this morning, reported 0$.40 earnings per share, a growth of 263.3% year-over-year. Analysts expectations were beat by $0.12 and $50 million in revenues. The stock is up $1.18 or 4.84% in premarket trading. LEN moved through its 52-week high on friday making the new high point $37.88.
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Alex Kalish has a master’s degree in economics from Suffolk U.
Questions, comments and suggestions welcome: alexk@keeneonthemarket.com
The Zuckerberg Interview Bounce 9.12.2012
Zuckerberg called the stock performance these past few months “disappointing”, and admitted that the drop in the stock price didn’t particularly help employee morale at the company. He did note, however, that morale wasn’t as bad as people might think, and that Facebook takes huge steps to reward its employees. Interestingly, Zuckerberg also said he enjoys being an underdog in the eyes of Wall Street, and stated, “The first half of the year was a little bit slow on products, but the next nine months I think there will be a lot of exciting stuff.”
Shares of Facebook were up 3.5% in after-hours trading following the speech. He looked comfortable as he answered questions, and for the first time he came out and said that Facebook does care about its shareholders. The highlight of his speech was his steadfast focus on the mobile space. He said the word mobile 34 times in a 32 minute speech. Zuckerberg said he expects advertising revenue to regain momentum, and that he ultimately expects mobile ads to generate higher revenue than desktop ads. As Facebook traffic occurs more and more on mobile devices, generating revenue in the mobile space will be key to progressing the stock price.
Finally, Zuckerberg pointed out that Facebook was not interested in building a smartphone, which has been a recurring rumor over the last year.
In his eyes, the future of the company remains bright, and time will tell if he can answer his skeptics and reverse the downtrend in the stock price.
Brandon Kieltyka is currently an undergraduate studying Finance at Daytona State College.
Twitter: @kieltyka05
Morning Rage 9.12.2012
Metals are also gaining some ground this morning. Gold futures are up 10.00 points, (0.58%) to 1744.90, and Platinum futures are up 36.00 points, 2.24%, to 1643.00. Brent crude oil for October delivery is at its highest close since August 16th on speculation of a euro zone bailout.
The MBA Purchases Applications, a Mortgage Banker’s Association compilation of various mortgage loan indexes, was released today. The report is released weekly on Wednesdays, and provides a gauge of the demand and momentum for housing. Actual growth rates in the composite index was 11.1%, a change from -2.5%, an 8% change in the purchasing index and a 12% change in the refinance index.
The Home Depot, Inc. (HD | 56.72 [-0.58]) was down a half of a dollar yesterday, but rose in after hours trading a tenth of a dollar. The stock could gain on news from the Mortgage Banker’s Association. The stock is chasing it’s all-time high that hasn’t been since 1999, around 65$. The stock is currently sitting at its 52-week high with the low of 31.03 not seen since last September.
Lowe’s Companies, Inc. (LOW | 28.60 [-.09]) stock was down a tenth of a dollar yesterday, and rose by a nickel in after hours trading. LOW is also peaking towards its highest price ever before the financial crisis around $35. The stock is also bearings it’s 52 week high of 32.29, the lowest 52 week price at 18.53 also not seen since last September. LOW has not steadily risen as HD, but saw a dip in the summer months of 2012.
Apple, Inc. (AAPL) and Facebook (FB) are both up in after hours trading, AAPL releasing its new phone today and Facebook’s CEO, Zuckerberg, reassuring investors that Facebook will continue to dominate social media through mobile devices.
Alex Kalish has a masters degree in economics from Suffolk University.
Suggestions and comments welcome: alexk@keeneonthemarket.com
S&P Emini & Apple (AAPL) & Google (Goog) Vid Recap 9.11.2012
Morning Rage 9.11.2012
Amazon.com, Inc. (AMZN | $256.67) is down less than a half of a point in pre-market trading. Amazon recently released the HD Kindle Fire, to be available at the end of November. Amazon is competing in a market where PC makers have continually failed to take the dominant position from Apple, which has more than half of the entire tablet market. Apple, Inc. (AAPL | 662.74), which is up 2.25 points in pre-market trading, gets its strength from having multiple matching devices that focus on simplicity for the user. Everything is fluid for the user, including the shape and style of all the products.
The one company capable defeating Apple in my opinion, Google (GOOG | 700.77), which is up almost 7.00 points in pre-market trading, has yet to stamp their logo on the outside of sleek hardware. I would also expect Apple to continue pushing other companies off of its platform by taking over their products and services. Apple will hold on to its dominance for a long time. However, the market is saturated with new iPhones and I don’t expect all of the iPhone 4 users to drop their somewhat new phones to get an iPhone 5, due to release Wednesday. This release will not be the same for Apple.
International trade data will be released today. The important data for US markets is the trade gap between exports and imports. I can’t be sure where the US is exporting to with Europe in a mess and China’s growth slowing for almost half of a year. The trade balance is said to continue higher with an estimate over -44.3 Billion. This report will be released at 8:30am EST.
Alex Kalish has a masters in economics from Suffolk University.
Contact: alexk@keeneonthemarket.com