Wednesday, July 17, 2013
Will Google Miss Analysts Earnings Estimates For Q2 2013?
Google's (GOOG) stock has had a significant run-up over the past year and continues to hit new 52-week highs. The company is constantly expanding into new areas in order to offset the continuing decline in the cost-per-click ad market. While the company doesn't beat earnings every quarter, one thing is constant, the company always surprises. And not by a penny or two, but in two of the last four quarters the company surprised analysts by more than 13%. One of those quarters was on the upside and one a downside surprise. So with the market hovering around its recent highs and the economy on the road to recovery, will Google report much better than expected earnings on Thursday?........Click here for the full article - Will Google Miss Earnings Estimates When It Reports Q2 2013 On Thursday?
Saturday, July 13, 2013
Why You Have To Buy Shares Of GameStop Stock Right Now
Last summer I outlined why GameStop (GME) would double in 12 months. Finally, when Microsoft (MSFT) and Sony (SNE) announced they would release the new eighth generation gaming consoles this holiday season it propelled GameStop well past my price target. Now with the company beating estimates and hitting new 52-week highs its time to figure out when the stock becomes overpriced and it becomes a sell.
Until last year, investors have been avoiding GameStop stock in part because of rumors that the new consoles would not allow used games to be sold or traded. GameStop's worst fears almost came true a few months ago when Microsoft announced serious restrictions on used games. Just some of the restrictions the company put on its published games were.....Click here for the full article - Why You Have To Buy Shares Of GameStop Stock Right Now
Tuesday, July 9, 2013
Will Video Game Delays Hurt Take-Two Interactive's Earnings?
Take-Two Interactive (TTWO) is video game maker best know for it's Grand Theft Auto franchise. To date the franchise has sold more than 100 million copies and has produced four sequels, numerous series spin-offs and created a devoted fan base. Its style of play and even its game engine were the basis for Take-Two's other open world games like Red Dead Redemption. Grand Theft Auto V is possibly the most anticipated game in the series so far. Originally, it was set to be released almost a year ago, but now it looks like it won't be in stores until September 17th.
In the past few years this wouldn't have been material to game sales, as fans of the series don't mind waiting, as long as the company gets it right. However this year is unique in the fact that both Sony (SNE) and Microsoft (MSFT) have announced..........Click here for the full article - Take Two Interactive Earnings
Friday, July 5, 2013
Microsoft Looks to Upgrade PC Market With Windows Update
Microsoft's (MSFT) Developer Conference was held last week and instead of holding it at the company's Redmond campus like previous years, it joins Apple (AAPL) and Google (GOOG) in holding developers events in San Francisco. One of the first announcements was an update to Windows 8 that addresses a few of the many customer complaints about the operating system. In fact, the new Windows was so poorly designed for use on desktop computers, it is being blamed for the accelerated decline in PC sales this year. Microsoft hopes to change all that with the new Windows 8.1.
At the conference Microsoft revealed it was trying to address some of these issues with a new update to its operating system. The new Windows 8.1 will lessen the reliance on separate boxes and screen slide ins, by making the........Click here for the full article - Microsoft Stock Shares
The Split-Up Of The Sony Corporation
Sony Corporation stock has been performing very well since the beginning of the year, going from $12 per share in early January, to just under $21 per share yesterday. The company has made several important announcements, including the release of its much anticipated Playstation 4 and raising guidance in late April on its outlook for the full year 2013. However, news that buoyed the stock nearly 10% on May 21st, was a proposal made by an activist investor to break up the company into smaller parts.
The push to split up Sony was spearheaded by activist investor Daniel Loeb, whose hedge fund Third Point LLC owns around $1.1 billion of Sony stock. The plan, put forth in a letter to Sony CEO Kazuo Hirai, includes spinning off up to 20% of Sony's Entertainment unit in an initial public offering. Sony Entertainment primarily consists of its........Click here for the full article - Sony Stock
Monday, June 29, 2009
Crude Oil Prices Jump
Oil jumped significantly higher today after trading virtually sideways all week last week. Crude oil for August delivery was up $2.33 or 3.4 percent and finished the day on the New York Mercantile Exchange at $71.49 a barrel. This was the highest close since June 12. In early trading on Tuesday June 30 it was up another .76 cents and it's expected to continue higher.
One of the factors driving oil higher is the continued attacks on oil interests in Nigeria by rebel militants. Royal Dutch Shell had to close one of its facilities six weeks ago after an attack and a rebel group said it attacked another Shell facility on Monday. Just last week Nigeria's president offered amnesty from prosecution if the militants turned over their weapons, they declined the offer wanting money from oil companies who they claim are destroying the environment and for members of their groups to be released from jail, the Nigerian government of course, refuses to meet those demands.
Chevron and other U.S. companies also have oil interests in the volatile region of Africa as Nigeria sells 44% of its oil exports to the United States. According to government sources the attacks have at least temporarily shut down about 1.26 million barrels per day of oil production. Nigeria is a member of OPEC and produces approximately 2.17 million barrels per day of oil and is the 5th largest foreign oil supplier to the United States.
In addition to the attacks in Nigeria, a positive stock market help buoy oil prices, many traders think a greater economy equals more spending and more spending equals more gas usage. The recent market turnaround has help to raise oil prices since it was trading around $40 in February. Oil has found recent support and resistance levels at $69 per barrel, $70 per barrel and $72 per barrel. So this recent price action may be a breakout sending oil prices significantly higher. Many traders are still in fear of an oil superspike this summer that will make last years $140 a barrel oil look cheap. Some saying we could see prices go well over $200 a barrel.
Gold prices also rose over a dollar to nearly $942 per troy ounce. The precious metal should trade relatively sideways this week as people clean up their portfolios before the July 4th holiday. Gold prices have been strong since around June 12 when the dollar began its clear down trend. The $940 level has also been a key support and resistance level and this breakout signifies to many gold investors that the commodity is headed higher. Some commodity investors believe that we will see gold at $1300 before the end of the year. The bullishness of gold has also brought silver prices off of its June lows of around 13.86. Now trading around the $14.oo per ounce level.
One of the factors driving oil higher is the continued attacks on oil interests in Nigeria by rebel militants. Royal Dutch Shell had to close one of its facilities six weeks ago after an attack and a rebel group said it attacked another Shell facility on Monday. Just last week Nigeria's president offered amnesty from prosecution if the militants turned over their weapons, they declined the offer wanting money from oil companies who they claim are destroying the environment and for members of their groups to be released from jail, the Nigerian government of course, refuses to meet those demands.
Chevron and other U.S. companies also have oil interests in the volatile region of Africa as Nigeria sells 44% of its oil exports to the United States. According to government sources the attacks have at least temporarily shut down about 1.26 million barrels per day of oil production. Nigeria is a member of OPEC and produces approximately 2.17 million barrels per day of oil and is the 5th largest foreign oil supplier to the United States.
In addition to the attacks in Nigeria, a positive stock market help buoy oil prices, many traders think a greater economy equals more spending and more spending equals more gas usage. The recent market turnaround has help to raise oil prices since it was trading around $40 in February. Oil has found recent support and resistance levels at $69 per barrel, $70 per barrel and $72 per barrel. So this recent price action may be a breakout sending oil prices significantly higher. Many traders are still in fear of an oil superspike this summer that will make last years $140 a barrel oil look cheap. Some saying we could see prices go well over $200 a barrel.
Gold prices also rose over a dollar to nearly $942 per troy ounce. The precious metal should trade relatively sideways this week as people clean up their portfolios before the July 4th holiday. Gold prices have been strong since around June 12 when the dollar began its clear down trend. The $940 level has also been a key support and resistance level and this breakout signifies to many gold investors that the commodity is headed higher. Some commodity investors believe that we will see gold at $1300 before the end of the year. The bullishness of gold has also brought silver prices off of its June lows of around 13.86. Now trading around the $14.oo per ounce level.
Monday, June 22, 2009
Oil Falls Below $67
Crude oil futures dropped to $66.94 per barrel on the New York Mercantile Exchange on Monday. Oil has been on a nice run over the past few months but was unable to support the 72-73 dollar level and fell below key technical support levels of 69 and 70. An attack by militants on an oil rig off the shore of Nigeria, the third attack in less than 24 hours, failed to help the commodity.
A decent size discovery of natural gas off the coast of Norway with an estimated 10 to 100 billion cubic meters of recoverable gas. The size of the discovery makes it bigger news for Norway than for Royal Dutch Shell who found it, saying at the high end it's a pretty decent size and at the low end it's not that significant. Natural gas and the Nymex Arca Natural Gas Index fell significantly losing more than 5% on the day.
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A decent size discovery of natural gas off the coast of Norway with an estimated 10 to 100 billion cubic meters of recoverable gas. The size of the discovery makes it bigger news for Norway than for Royal Dutch Shell who found it, saying at the high end it's a pretty decent size and at the low end it's not that significant. Natural gas and the Nymex Arca Natural Gas Index fell significantly losing more than 5% on the day.
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