I’m sure by now you’re equally annoyed with triple-digit market downturns in both America and Europe, all the direct result of Greece’s selfish financial ministers and incompetent governing body; however, good news, for the collective West, has finally emerged from the childish pit of gloom and doom formerly known as Greece: European leaders have withdrawn from negotiations with Alex Tsipras’ socialist representatives.
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Corrupt Costolo Out Of Time
In what was one of the more unusual events on Wall Street last week, Twitter’s (TWTR) Q1 earnings report was leaked before the closing bell. Ironically, the results were made public via a series of tweets from Selerity, a data science firm. The tweets revealed that Twitter missed revenue expectations by more than $20 million and also cut quarterly and annual guidance. Not surprisingly, Twitter’s stock price plummeted more than 20%.
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Stocks To Move Even Higher
Although the stock market is shattering records, and publically traded companies are more valuable than ever, much of Wall Street fears an upcoming “market correction." The general consensus is that September 2015 will mark the end of the Fed’s Quantitative Easing program, and the beginning of interest rate hikes (also known as the Federal Funds Rate). In response, investors are hesitant to invest capital in the stock market.
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Earnings That Matter
Over the past two weeks, America’s largest and most successful companies have released their Q1 2015 earnings reports. First quarter earnings reports are a decent indicator of how a company will perform during the remaining fiscal year. This first quarter, as is typical, has failed to impress traders. A much strengthened U.S. dollar has weighed on revenues, costing multinational corporations billions in foregone profits.
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Today's Most Important Apple Article
For the fourth consecutive quarter, Apple (AAPL) surpassed Wall Street's earnings expectations. In what has become habitual for America's largest company, Apple beat both earnings-per-share (EPS) and revenue estimates. After Monday's close, Apple reported Q2 EPS of $2.33 (vs. analyst expectations of $2.16) and reported Q2 revenue of $58.01B (vs. analyst expectations of $56.06B). Shares of Apple are already up over 20% YTD, and increased 1.5% in after-hours trading.
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Lumber Liquidators' Big Gamble
of the most popular analyses include quarterly growth projections, P/E ratios, cash flows, debt/earnings balances, enterprise value (EV), and EBITDA (earnings before interest, taxes, depreciation, and amortization). Because of this, analysts spend innumerable hours deciphering what they believe to be the true market value of public entities.
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Three IPOs, One Clear Winner
So far this year, 43 companies have made their publicly traded debuts. As a whole, IPOs have experienced a solid year thus far, raising nearly $7 billion YTD and averaging returns of 22%. Last week alone, seven companies issued IPOs, including four companies trading at valuations of over $1 billion. Among them were popular online retailer Esty, which specializes in selling handmade goods, and high-frequency trading firm Virtu Financial (VIRT).
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