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]
I am neither a bull nor bear of TSLA, but here is a fascinating article about how TSLA reports certain metrics on cars, but have been changing the report metrics(which is unusual) in subsequent earnings reports. The author's claim is that TSLA changes the metrics as to avoid bad or questionable numbers.
For example, TSLA initially reported "reservations"(of cars), then in the next earnings, used "orders" as a metric, then later shifting to "deliveries". He also points out discrepancies on how they report "production". [more]