Earnings 04/17/2019

From Yesterday Aftermarket IBM came in at adjusted earnings of $2.25 a share and revenue of $18.18 billion, estimates were $2.23 per share, revenue $18.53 billion. Full year adjusted earnings outlook was reiterated to "at least $13.90" a share. BLK reported $6.61 per share and revenue of $3.35 billion. Estimates were $6.02 per share, revenue … Continue reading Earnings 04/17/2019

Earnings Update

Johnson & Johnson reported $3.75 billion or $1.39 per share, Analysts expected $1.67 per share. JNJ made $2.10 an adjusted share, beating estimates. JNJ raised its full-year financial target, sales strength in its pharma division, weakness in other segments. Full year earnings expected to be between $8.53 to 8.63 vs $8.50-8.65. Expects operational sales to … Continue reading Earnings Update

Financials Earnings

Goldman Sachs () reported better-than-expected EPS but missed revenue estimates due to weakness in its Investing and Lending segments. Charles Schwab () reported better-than-expected Q1 EPS and revenue results. Citigroup () reported a quarterly profit of $4.71 billion, $1.87/share, Analysts expected $1.80/share. Revenue fell short of estimates, $18.567 billion vs $18.634 billion estimate. Trading revenue … Continue reading Financials Earnings

Disney+ announcement

At a cost of $6.99/month or $69.00/year Disney () announced it's online streaming content at it's investor conference yesterday. Expected to launch in November, Disney expects all of the Pixar library, all of the Star Wars movies/shows, a lot of the Marvel universe, including exclusive streaming of Captain Marvel and much more. They've added a … Continue reading Disney+ announcement

Higher Gas Prices, but Inflation Still Low

The Bureau of Labor Statistics released their consumer price index summary this morning.. The consumer price index increased by 0.4% in March after a 0.2% rise in February. It matched forecasts so no surprises there. The all items index increased 1.9% over the past 12 months ending March, up slightly from the 1.5% rise for … Continue reading Higher Gas Prices, but Inflation Still Low

Boeing Delivery Report

The Boeing Company() announced today deliveries across its commercial and defense operations for the first quarter of 2019. Total Deliveries were 149, down significantly from last quarter(238) and same period a year ago(184). Deliveries of 737s were down almost 50% to 89. Possibly more distressing, Net orders fell to 95 from 180 a year ago … Continue reading Boeing Delivery Report

Britain Talks of Regulating Big Tech

UK prime minister Theresa May. Reuters The British government proposal will regulate social media, search, messaging and various other platforms for content that causes "online harm." Such content includes terrorism, serious violence, hate crimes, harassment, disinformation, encouragement of self-harm and suicide, abuse of public figures, interference with legal proceedings, cyber-bullying, and children accessing inappropriate content. … Continue reading Britain Talks of Regulating Big Tech

Jobs Report

Nonfarm payroll increased by 196,000 in MarchUnemployment rate unchanged at 3.8%Notable job gains occurred in health care and in professional and technical servicesNumber of unemployed persons essentially unchanged at 6.2 million Consensus estimate according to fxstreet.com was 180,000 increase, so actual topped estimate by 10%. Wages were also slightly down but back to normal. February's … Continue reading Jobs Report

Tesla Deliveries Worse than Expected

Tesla () delivered approximately 63,000 vehicles, approximately 50,900 Model 3 and 12,100 Model S & X. Analysts surveyed by FactSet has expected 76,000 deliveries, with about 54,600 of those being Model 3 sedans.Increased deliveries in Europe and China, as well as other challenges, caused delivery delays, only half of entire quarter's number were delivered by … Continue reading Tesla Deliveries Worse than Expected