Posts filed under “Earnings”
I took some Apple (AAPL) off the table in late October — it was due to the combination of macro concerns, a wildly over-owned stock, and the technical weakness behind the fall from $705 to $620. But we still have a position, and after the sale, it was painful to watch Apple subsequently drop another $125 dollars to $505.75.
Regardless, some of the Apple data continues to have the power to astound. In particular, Apple’s profits, their share of mobile earnings, and their ability to create entirely new categories.
Felix Richter’s chart (above) puts Apple’s earnings into some context: For the past four quarters Apple’s earnings were $7 billion more than the combined net profit of Microsoft (MSFT), Google (GOOG), eBay (EBAY), Yahoo (YHOO), Facebook (FB) and Amazon (AMZN) ($41.4B versus $34.4B). It was double the entire PC industry (Dell, Asus, Intel, Acer, IBM, Lenovo and HP = $19.3B).
Apple’s Astonishing Profit in Context
So the non stop Fiscal Cliff paranoia continues unabated. Apparently, it is the ONLY THING that matters to the markets. Every twist and turn in the negotiations is crucial to the future of the Republic. I don’t buy it. First off, as David Kotok explained, the fiscal cliff is more of a slippery slope than…Read More
Source: Bianco Research With most of Q3 earnings now reported, we can take a quick look at the numbers, and they are none too pretty. Before you roll your focus to Q4 earnings, lets pull a few numbers from Nasdaq: -460 of S&P500 companies reporting, total earnings are down 2.2% (vs same Q3 2011);…Read More
click for larger table Source: Standard and Poors Standard & Poor (whom I frequently criticize as awful when it comes to ratings) does excellent work when it comes to assembling data on earnings for their flagship index, the S&P500. Their S&P 500 earnings and estimate report is quite excellent. You can download a spreadsheet…Read More
S&P 500 Index with Share Weighted Earnings Average YoY Gain/Loss From Fusion’s Kevin Lane: “The lower chart panel at bottom tracks the share weighted average earnings (gain or loss) for each quarter on a YoY basis for S&P 500 Index companies. For instance, @ present, with a bit more the 1⁄2 the companies reporting,…Read More
All this week, I have been discussing why I thought we may be coming to an end of the cyclical bull market that began in March 2009: Listen to Ritholtz Sees “Major Cyclical Correction” from Tuesday morning, and watch this and this from Thursday. I have cut back on some major holdings, and raised our cash…Read More
Sica Wealth Management President Jeff Sica, Beacon Economics Founding Principal Christopher Thornberg, and Bianco Research President Jim Bianco discuss the earnings season slaughter. They speak with Cory Johnson and Trish Regan on Bloomberg Television’s “Street Smart.”
The Earnings Minefield: How to Protect & Profit
Source: Bloomberg, Oct. 23 2012
Source: Bianco Research Don’t look now, but a hotly anticipated — and in some quarters, feared — earnings season is upon us. Of the first 25 “real” companies reporting, things have actually been pretty decent. The counter is that these are banks (JPM, WFC), who are much freer in the leeway in their returns,…Read More