Is Restoration Hardware a Broken Stock? [more]
Crude Oil has rallied furiously in the past few days trading hitting an intraday high of $34.21, up almost 3% on the day thus far. The big headline moving the oil market is that some OPEC producers(Saudi Arabia, Venenzuela to name a few) have met with one of the big Non-OPEC producers, Russia, and have agreed to start cutting production. Great! Right? Well, the agreement is contingent on Iran and Iraq also cut back on production. [more]
Another tough day, as the SPX is down another 1.6% to 1821. Will the market take this down past the 1812 low of last month? EXPE, TRIP, CSCO, and TSLA are fighting the market after their respective earnings reports. It is hard to be long, or even going long. AMZN is up slightly, buoyed by news of an increase in their buyback program. The SEC is opening up an investigation on Boeing, sending the stock down 8%, putting pressure on the Dow. [more]
Another trading day, and another bad day for McDonalds as the 25 year company veteran and CEO Don Thompson resigns amid continued detoriation of financial results and brand image. One of the heavyweights of American culture has had trouble with changing palettes, fickle millenials, and shifting health food trends. How can this American instituion start falling into the dinosaur category with the likes of General Motors, JC Penney, Sears, and Radioshack? One reason: Ronald McDonald let the core burger business get eaten up by the competition. [more]
Facebook Earnings - What a Quarter!
This week was a big week in earnings, where tech giant Apple Computer impressed Wall Street last night with its iPhone numbers and driving the market higher in the morning. Today, was Facebook's turn in the earnings spotlight. As I peruse the earnings headlines as well as my Twitter search feed for "$FB", I see great headlines and news such as: [more]