Said dont worry about it. Its all going to work out talk about a punt. That young man deserves better you know what . You deserve better so let me give you some answers about what can turn this darn thing around for real after a hideous day. Dow only 105, only but the nasdaq plummeted a bone crushing 2. 43 the house of pain thats awful. Look, as i tried to say last night, this is not a good market i know you dont need a weatherman to tell you which way the wind blows think about yesterday. I tried to say everything good right now is merely a trade because stocks have become divorced momentarily from the fundamentals of individual companies. A bunch of bigname stocks who rallied on good earnings yesterday, not because of the results, but because they reported on a day when Interest Rates, they sure werent today, they shot up like a darn musket. Rates should not be tame Interest Rates should and are going higher we have too much bond supply too, many sellers, and too much hot Economic Da
Century, Procter Gamble. We begin tonight with netflix and the earnings story that broke after the closing bell. Millions more people than expected subscribed to the streaming service in the latest quarter. New shows helped attract those new viewers at a time when competition in original content is intensifying. Here are the numbers. For the second quarter, netflix earned 15 cents a share. That was a penny below expectations, but revenue was more than 30 higher than a year ago, beating forecasts at rou roughly 2. 8 bil and the stock took off as you see there. Rising initially in afterhours trading, hitting a new alltime high easily. Julia boorstin has more on netflixs quarter. Reporter netflix continues to grow subscribers faster than expected adding a total of 5. 2 million new subscribers in the second quarter, 2 million more than the company projected. It looks like netflix is going to continue to exceed expectations. Netflix projecting, a stronger than expected 4. 4 million subscrib
Shannon River Fund Management LLC acquired a new stake in Tower Semiconductor Ltd. (NASDAQ:TSEM – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,262,726 shares of the semiconductor company’s stock, valued at approximately $38,538,000. Tower Semiconductor makes up 7.0% of Shannon […]
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