Buisness Insider

STOCKS RALLY, DOW ADDS OVER 100 POINTS: Here's What You Need To Know (DIA, SPY, SPX, QQQ)

Ski Jumping Japan

Stocks recovered some of their beginning-of-the-year losses.

First, the scoreboard:

  • Dow: 16,530.9 (+105.8, +0.6%)
  • S&P 500: 1,837.8 (+11.0, +0.6%)
  • Nasdaq: 4,153.1 (+39.5, +0.9%)

And now the top stories:

  • The U.S. trade deficit shrank by more than expected in November. At $34.3 billion, this is the smallest deficit since October 2009. This was helped by a 1.9% drop in oil imports.
  • Right away, economists scrambled to raise their estimates for Q4 GDP growth. Here's Barclays' Dean Maki: "We have raised our Q4 13 real GDP forecast for the US to 3.0% from 1.5% in response to recent stronger-than-expected data on trade and consumer spending. Today’s trade report showed a healthy gain in real exports in November, along with an upward revision to October’s large gain, which, combined with weak real import growth, suggests that trade will provide a significant positive contribution to real GDP growth in Q4 13. This comes after the November consumer spending report suggested that real consumer spending will post a large gain in Q4 13 (our current tracking estimate is 3.8%). Together with expected solid gains in business and residential investment spending, this leads us to forecast a 3.0% gain in real GDP on the quarter, even though we still expect a negative contribution from inventories."
  • Home prices jumped 11.8% year-over-year in November, reported CoreLogic. On a month-over-month basis, however, prices (excluding distressed sales) climbed by just 0.3%. "It’s too early to tell if the marginal dip in the annual pace of house price inflation in November marks the start of the slowdown in price gains that we are expecting," Capital Economics' Paul Diggle wrote clients. "But we are confident that annual price gains will not remain in double-digit territory for much longer."
  • Wells Fargo's Gina Martin Adams, Wall Street's most bearish strategist of 2013, is on the bearish end of the spectrum with her new 2014 forecast. She sees the S&P 500 ending the year at 1,850.  However, she also said she "wouldn’t be surprised to see the index trade as high as 2,100 and as low as 1,500 at some stage throughout the year."
  • The normally bullish veteran strategist Bob Doll thinks stocks are likely to end the year higher, but he warns that we're likely to experience a very normal 10% correction first. "We think those potential headwinds will limit, but not prevent gains, and perhaps cause more volatility than was experienced last year," said Doll today. "While stocks are vulnerable to a correction any time given their recent strength and some technical deterioration, we continue to favor a moderate pro-growth posture with forward long-term potential to mid- to high- single-digit annual percentage gains." Doll's S&P 500 target is 1,950.
  • Don't Miss: Here's The Presentation Bob Doll Just Gave That Has All The Charts And Stats Behind His 2014 Predictions »

Join the conversation about this story »

Mf
Twitter Facebook Linkedin Googleplus Email


Rc
Rc
Rc

A2A2t
Feeds.feedburner
read full article
   

Ruby Tuesday Stock Is Tanking — Here's Why

Ruby Tuesday (RT) shares are down about 13% in 2 days. The casual dining restaurant chain’s stock has slipped from $7.03 to $6.12 as they approach their FQ2’2014 earnings release scheduled for after the market closes on Wednesday, January 8th. Last year was a phenomenal year across the board for US equities but RT somehow managed to drop 14%. In their previous 2 earnings releases Ruby Tuesday has missed analyst expectations for profit and revenue by wide margins, and analysts are expecting more of the same Wednesday.

The information below is derived from data submitted to the Estimize platform by a set of Buy Side and Independent analyst contributors.

Png;base6478535553bcfe5cd5

The green line which represents Ruby Tuesday’s profit over the past 2 years has missed the Wall Street consensus in 7 of the past 8 quarters and has never beaten it. Over the same 2 years Ruby Tuesday has also experienced year over year profit shrinkage in pretty much every quarter.Png;base642a87d30176176cba

These deteriorating fundamentals, especially in the previous 2 quarters, have had big implications to the company’s stock price.

Png;base64a8f182364fce9698

The two big red candles at the far right represent the drops in the past 2 trading days. The stock is selling off going into the report, analysts are expecting RT to report a loss and investors don’t want to be holding this stock when the quarterly financial results are announced.

At Estimize we crowd-source earnings expectations from buy-side and independent analysts. By tapping into a wider range of contributors including hedge-fund analysts, asset managers, students, and non professional investors the Estimize community has built a data set that is up to 69.5% more accurate than Wall Street, but more importantly it does a better job of representing the market’s actual expectations. While some contributors are prominent hedge funds, we accept estimates from anyone because we are able to measure so well statistically. Algorithms developed by our deep quantitative research look at correlations between analyst track records and tendencies as they relate to future accuracy to create confidence ratings for all estimates, so its impossible to screw up the data set without a history of precision.

Png;base64f6169f1ed48a6c9d

If you look at the table for this quarter, Wall Street is expecting -21c EPS while the Estimize community consensus is forecasting -23c. This differential is often an indicator that earnings expectations may not have been priced into the market. As indicated by the Estimize consensus it’s clear that the market is expecting Ruby Tuesday to report a bad quarter. A negative differential between the Estimize consensus and Wall Street expectations has been shown by our quantitative research team to be associated with a downward drift in stock price over the 3 days going into the report if you benchmark against the market. That’s exactly what we are seeing here with Ruby Tuesday, with deteriorating fundamentals on top of it.

For more information our quantitative research and strategies hedge funds are using to leverage the Estimize data set check out our whitepaper. Head over to Estimize to follow analyst expectations and create your own account for free to make estimates and see how you stack up to Wall Street.

Join the conversation about this story »

Mf
Twitter Facebook Linkedin Googleplus Email


Rc
Rc
Rc

A2A2t
Feeds.feedburner
read full article
   

The Unofficial Goldman Sachs Guide To New Year's Resolutions

New Years Eve Times Square CleanupExercise more. Drink less. Travel. Save money.

These are your unoriginal regurgitated New Year’s resolutions. And they are getting pretty tiresome, especially considering the vast majority of you never fulfill them, choosing instead to wallow in the banality of your own existence, and roll them over again next year.

"Hey fat ass, I already know what your New Year's resolution is."

So stop telling yourself that you are going to take the stairs, cut back on the $6 Starbucks lattes, or park as far away from the Whole Foods entrance as you can, and just follow my advice…

1. Take a vow of silence. Join CrossFit. Do P90X. Detox in January. Become a vegan. Sell your TV.  Train for a marathon. Start the Paleo diet. Go for any or all of these, but please shut the f--k up about it.

“No one would run a marathon if they had to sign a confidentiality agreement first."

2. Read more. Yes, that’s a permanent boring fixture on most people’s lists, but this year, be more specific and realistic. Make a list of 10 books to read, a healthy mix of fiction and non-fiction. Throw in a couple of classics that you’re embarrassed you never read in college. Purchase the hardcover copies, and keep them as a small trophy of your accomplishment. The Economist puts together a great “Books of the Year” list, but I’ll get you started with “The Private Life of Chairman Mao.”

“Reading allows you to borrow someone else’s brain, and will make you more interesting at a dinner party.”

3. Befriend a World War II veteran. Spend time with him. Talk to him. Because there aren’t too many of them left. I certainly regret not helping the red-coated Chelsea Pensioners with their Tesco’s bags down the King’s Road.

4. Wash your hands more frequently. An actual study has shown that the average New Yorker indirectly touches 24 penises per day, and twice as many if they work at 1585 Broadway.

5. Take an online course. Why continue talking hollowly about self-improvement when leading colleges and graduate schools, including Duke, Wharton, and MIT, are investing significant resources into free education. Ironically, statistics have shown that it tends to be the better-educated and wealthier who take advantage of this.  But, who among us couldn’t benefit from knowing more about accounting, marketing, child psychology, or real estate and contract law?

6. Watch "The Sopranos" from start to finish. Even if you’ve already seen it.

7. Freshen up the starting lineup in your wardrobe. Go get 2 new suits, 10 dress shirts, 2 pairs of jeans, 2 pairs of shoes, and 50 pairs of socks. Maybe this guide will help. Why? For the same reason that Michael Jordan wore a brand-new pair of shoes every single game.

8. Avoid extreme and unrealistic health pledges. Eat right, exercise sensibly, and drink mostly in moderation; it’s not rocket science.

“A guy came up to me at the gym and asked me what event I was training so hard for. Life, motherf--ker.”

9. Drink more green tea. Add manuka honey and some fresh ginger.

10. Skip the dramatic savings scheme. Don’t go crazy with unrealistic goals about how much you’re going to save this year. Keep it simple; spend less than you make, and save up for the big-ticket items until you can afford them. There’s no need for an extreme savings plan, so be sensible… but don’t forget to enjoy your expendable income.

“There’s no point in a $50 million funeral or a $25 million divorce.”

11. Read my guide on “How To Be A Man.” Over two million people already have. Ladies, let me know what you think

12. Write down your goals. Most people never fulfill their resolutions, but the people who write them down have a proven higher success rate. Take it a step further and make a list of what you want to accomplish each day, week, and month. Just write them down and check them off the old-fashioned way. And tell Mr. There’s-an-App-for-that to go f--k himself.

"I'm gonna open a gym that turns into a bar after January.”

13. Go get a comprehensive health exam. Make your partner get one too.

14. Put your phone away at dinner.  

"Checking your phone after someone else pulls out their phone is the yawn of our generation.”

15. Laugh more. That means: socialize more often, drink more, have long lazy brunches, throw parties, host drunken game nights. Be spontaneous… Upgrade your friends if necessary.

“Most people wouldn't even be the main character in a movie about their own lives.”

16. Don’t just rely on the gym. Remember that feeling of playing a competitive sport as a kid, when you’re on the field, and not thinking about anything else. Most of us have forgotten what that feels like. So join a team or find someone to play tennis with.

17. Drink more. I’m not contradicting myself from earlier… If you’re healthy, eating well, and exercising, then your body can handle a few more drinks every now and then. There is nothing wrong with the occasional black out, and you’re just going to lie to your doctor anyway. “At most, maybe 15 to 17 units per week, doc.”

“The 1st bottle is for health, the 2nd for love, and the 3rd for sleep.” – Eubulus, 350 BC

18. Help a pet get adopted, if for no other reason than to prove that you can. I’ll get it started with Spirit and Peony currently residing at the North Shore Animal League shelter in Port Washington, New York. (Tweet me; I’ll pay for the adoption fees.)

“WASPs kiss their wives on the forehead and their dogs on the mouth.”

19. Get a regular foot massage. A dark room. No TV. No loud voices. It’s the most peaceful and productive 75 minutes I have every week. I go on Saturdays with the Weekend FT and The Economist.

20. Stay in on New Year's Eve. It’s amateur night and it rarely lives up to your expectations anyhow. Get dressed up, strap on the Patek, go out for some Per Se gnocchi and get drunk on Krug? That sounds like my Tuesdays. This year, stay in… And then start January 1st early and productively.

Join the conversation about this story »

Mf
Twitter Facebook Linkedin Googleplus Email


Rc
Rc
Rc

A2A2t
Feeds.feedburner
read full article
   

Page 8 of 123

For latest CURRENT design & photos
Find Joysco Studio On Facebook


28 February 2012
Be Inspired: The Life of Heavy D (Documentary) FT. QUEEN LATIFAH AND MORE NARRATED BY...
01 September 2014
PixelThe MacBook Air has really come into its own with later revisions and price cuts, which is why, despite...
09 August 2014
Iphone 6 Apple Logo Liquidmetal 620pxThe so-called iPhone 6 is back in the news today, thanks to some lovingly detailed photo leaks from a...
10 July 2014
Iphonelenskit[This is an advertorial. Maclife gets a portion of each unit sold.]The iPhone has become a capable...
10 July 2014
Factory Outlet Ebay Store 620pxIf you're in the market for a deal on an Apple Certified Refurbished unlocked iPhone 5 complete with a...
10 July 2014
FindmyiphoneApple has been attempting to distance itself from Google for some time now, and the latest service...
10 July 2014
IphoneAs hard as may be to believe in these days of rampant iPhone thefts, sometimes lost iPhones make their...
10 July 2014
Mal93.rev Dragon.dragon02Thanks to Siri, we’re all getting familiar with voice recognition. Where the technology really comes...
07 July 2014
Airport Security Checkpoint 620pxOur fellow Americans: Welcome back from a three-day weekend of barbecues and fireworks! July is...
07 July 2014
Other 1Whenever you plug an iPhone or iPad into a Mac and check its data storage in iTunes, a chunk of space is...