Another tough day, as the SPX is down another 1.6% to 1821. Will the market take this down past the 1812 low of last month? EXPE, TRIP, CSCO, and TSLA are fighting the market after their respective earnings reports. It is hard to be long, or even going long. AMZN is up slightly, buoyed by news of an increase in their buyback program. The SEC is opening up an investigation on Boeing, sending the stock down 8%, putting pressure on the Dow. [more]
Another trading day, and another bad day for McDonalds as the 25 year company veteran and CEO Don Thompson resigns amid continued detoriation of financial results and brand image. One of the heavyweights of American culture has had trouble with changing palettes, fickle millenials, and shifting health food trends. How can this American instituion start falling into the dinosaur category with the likes of General Motors, JC Penney, Sears, and Radioshack? One reason: Ronald McDonald let the core burger business get eaten up by the competition. [more]
Facebook Earnings - What a Quarter!
This week was a big week in earnings, where tech giant Apple Computer impressed Wall Street last night with its iPhone numbers and driving the market higher in the morning. Today, was Facebook's turn in the earnings spotlight. As I peruse the earnings headlines as well as my Twitter search feed for "$FB", I see great headlines and news such as: [more]
The Oil Markets might get even crazier with the passing of the Saudi King. The new guy, or the speculation of him, could drive the price of oil to new heights of volatility. The geopolitical premium in Oil may be back into the price if this guy turns out to be a real hard-liner towards the West, Russia, and Iran. [more]
The What? GoPro shares have been pummelled last week. On Tuesday, Shares dropped over 12%. On Thursday, shares dropped 7%, and on Friday, the shares took another 2.5% hit. [more]