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The New York Times Company Message Board

sage2123 286 posts  |  Last Activity: 3 hours ago Member since: Mar 1, 2009
  • Ripped from the headlines.

    Here's one for you prime.

    The CDC has issued a Level 3 - Avoid All Non-Essential Travel - warning.

    Sentiment: Sell

  • We warned last month that under the covers Chicago PMI looked a lot weaker than the headlines and this morning's collapse confirms that. Against expectations of a small rise to 63.0, Chicago PMI plunged from 62.6 to 52.6 (13-month lows) for the biggest miss on record. According to the release itself, "A monthly fall of this magnitude has not been seen since October 2008 ." The was an 8 standard-deviation miss from analyst expectations (Joe Lavorgna was on the high side at 63.0). New orders, inventory, production, order backlogs, and prices paid all dropped (but employment rose?). This is the biggest 2-month drop since Lehman (and 2nd biggest since 1980). We await the seasonal adjustment "correction" as MNI get the call from Yellen.

    Sentiment: Sell

  • What does Adidas know, they are only the second largest sporting goods maker in the world?

    Adidas AG (ADS) fell the most in five years after the world’s second-largest sporting-goods maker slashed its 2014 earnings forecast and scrapped targets for next year amid Russian unrest and a slump in demand for golf equipment.

    The shares tumbled as much as 11 percent in Frankfurt trading, the biggest drop since May 2009. Net income this year will be about 650 million euros ($870 million), Herzogenaurach, Germany-based Adidas said in a statement. The company had previously anticipated earnings of 830 million euros to 930 million euros. In addition, the company said its so-called Route 2015 targets for sales and profitability aren’t achievable by next year.

    Adidas will restructure its TaylorMade golf unit “to align the organization’s overhead to match lower expectations.” The company also plans to close stores in Russia and delay other locations’ openings amid “current tensions in the region.”

    Sales in the second quarter increased 2 percent to 3.47 billion euros, Adidas said. Golf sales fell 18 percent in the quarter.

    Sentiment: Sell

  • Don't worry prime, people with jobs don't fit Toll's demographic.

    What was that old multiplier effect number?

    For every job lost an additional 7 (businesses) are negatively affected?

    Sentiment: Sell

  • sage2123 by sage2123 Jul 30, 2014 6:30 PM Flag

    I'd be really worried if we were in a global economy, hey wait!?!

    Sentiment: Sell

  • ...eom...

    Sentiment: Buy

  • sage2123 by sage2123 Jul 30, 2014 4:14 PM Flag

    Video streaming service Netflix has agreed to pay U.S. broadband provider AT&T to ensure smooth delivery of Netflix content to Internet users, the companies said on Tuesday.

    The announcement of the deal, struck in May, comes as Netflix has been waging a public campaign against such fees, which they present as tolls, and calling on the Federal Communications Commission to review the market.

    Having brokered this so-called interconnection agreement, AT&T and Netflix are now working to build out new network connections for Netflix content to be delivered directly to AT&T's servers "to improve the viewing experience for our mutual subscribers," the companies' representatives said.

    "We're now beginning to turn up the connections, a process that should be complete in the coming days," AT&T spokesman Michael Balmoris said.

    This marks the third such agreement Netflix struck with major U.S. Internet service providers in recent months after it revealed similar traffic exchange agreements with Verizon Communications in April and Comcast in February.

    Sentiment: Buy

  • Reply to

    PURA Approval

    by sage2123 Jul 30, 2014 10:18 AM
    sage2123 sage2123 Jul 30, 2014 4:06 PM Flag

    And I thought I was a glass half empty guy, jeesh.

    Did you really expect a higher share price given a 3X share dilution with VZ deal? Come now beeess.

    OK....some positives.

    1. FTR has successfully integrated every deal it made. Many said this would never happen.
    2. Consistent dividend pay out and high yield.
    3. With each deal FTR becomes more diversified and less reliant on local economies.
    4. Network upgrades now rival VZ speeds.
    5. Line losses decelerating.
    6. All stated synergies met along with performance bond pay outs.

    Sentiment: Hold

  • Oh yes they did.

    Sentiment: Sell

  • Housing starts fell 19 percent in the second quarter from a year earlier, and permits -- a gauge of future construction -- dropped 13 percent, the French Housing Ministry said yesterday."

    Sentiment: Sell

  • Reply to

    PURA Approval

    by sage2123 Jul 30, 2014 10:18 AM
    sage2123 sage2123 Jul 30, 2014 2:07 PM Flag

    Why, all you put out is bad news?

    Sentiment: Buy

  • Reply to

    REMEMBER THIS ONE ?????????????? LOLOL

    by samcloriss Jul 30, 2014 1:47 PM
    sage2123 sage2123 Jul 30, 2014 2:04 PM Flag

    owens is a joke on this board.

    Sentiment: Buy

  • Reply to

    PURA Approval

    by sage2123 Jul 30, 2014 10:18 AM
    sage2123 sage2123 Jul 30, 2014 12:00 PM Flag

    I didn't forget, and no.

    Sentiment: Buy

  • sage2123 by sage2123 Jul 30, 2014 10:18 AM Flag

    Getting approval in Connecticut should be a relatively straightforward process. As part of a merger with Verizon's (NYSE:VZ) rural assets in 2010, Frontier took over operations across 14 states. Certain of those states required that Frontier put up performance bonds, and while that process took quite some time to fully integrate all systems, the performance was met and the bonds were satisfied.

    Sentiment: Buy

  • Reply to

    UPS Misses, Cuts Guidence

    by sage2123 Jul 30, 2014 7:32 AM
    sage2123 sage2123 Jul 30, 2014 8:40 AM Flag

    But that would only cause the UE rate to fall.

    Sentiment: Sell

  • You know, because the economy is doing so well.

    United Parcel Service Inc.'s second-quarter profit missed analysts' expectations, while the company lowered its earnings outlook for the year as it cited higher costs related to preparing for its peak shipping season.

    Shares of the shipping giant slipped more than 3% in recent premarket trading as the company said it now expects per-share earnings in a range of $4.90 to $5, down from its previous expectation of hitting the low end of its earlier forecast of $5.05 to $5.30 a share.

    The delivery service is focusing on improving its operations in the wake of the previous holiday season's logistical problems, while business from e-commerce services--which tend to offer lower-priced shipping options--continues to grow. Global packaged shipments rose 7.2% in the period because of e-commerce shipping in the U.S. and strong international export growth, the company said.

    Sentiment: Sell

  • The experiment failed.

    On the other hand sales of $1+{ homes are surging. Too bad Toll isn't in that niche.

    The homeownership rate in the U.S. fell to a 19-year low as rising prices and tight credit kept many first-time buyers out of the property market.

    Related Stories

    U.S. homeownership at 18-year low in second quarter MarketWatch
    US home sales increase 2.6 percent in June Associated Press
    U.S. home prices down in May, but consumer confidence strong Reuters
    Home Sales Reach Milestone, But First-Time Buyers Get Left Behind Wall St. Cheat Sheet
    US home price gains slow for 6th straight month Associated Press

    The share of Americans who own their homes was 64.7 percent in the second quarter, down from 64.8 percent in the previous three months, the Census Bureau said in a report today. The rate matched the level in the second quarter of 1995.

    Housing has become less affordable and more difficult to finance for entry-level buyers, even as mortgage rates have held close to record lows. First-time purchasers accounted for 28 percent of all sales of previously owned homes in June, compared with about 40 percent historically, according to the National Association of Realtors.

    Sentiment: Sell

  • Prices down, and mortgage volume down.

    Yep, the recovery is right on track.

    NEW YORK (Reuters) - U.S. single-family home prices fell in May on a seasonally adjusted basis, falling short of expectations calling for a slight gain, a closely watched survey said on Tuesday.

    The S&P/Case Shiller composite index of 20 metropolitan areas declined 0.3 percent in May on a seasonally adjusted basis. A Reuters poll of economists forecast a gain of 0.2 percent.

    Non-seasonally adjusted prices rose 1.1 percent in the 20 cities, compared to an expectation of a 1.5 percent rise.

    Sentiment: Sell

  • Reply to

    yep....it's obviously turning around!

    by primemeridian Jul 28, 2014 10:00 PM
    sage2123 sage2123 Jul 28, 2014 10:28 PM Flag

    Only if you are drinking the kool-aid prime.

    Even the "good numbers" were arguably not that good.

    When I look back on the 6+ years that have elapsed since the greatest real estate bust in history, all I see is a very fragile system that is gamed to fail again.

    There is something that has fundamentally changed in the economy.

    If these big hedge funds that have bought up millions of homes ever get on the wrong side of a trade we will see mountains fall.

    Sentiment: Sell

  • sage2123 by sage2123 Jul 28, 2014 3:50 PM Flag

    Smart money already out.

    The U.S. housing market still isn’t perking up.

    An index based on contracts signed by buyers fell in June in a mild surprise to Wall Street. The pending home sales index declined by 1.1%, according to the National Association of Realtors.

    Economists had expected a small uptick, especially after an outsized 6% gain in May that marked the third straight increase.

    What’s been holding the market back? The usual: rising home prices, higher mortgage rates, tougher loan requirements and sluggish wage growth for prospective buyers.

    With home prices starting to moderate and the economy gaining steam, many analysts have been forecasting a steady improvement in sales. So far it hasn’t happened.

    If sales do start to accelerate, the pending home sales index is a good bellwether. About four-fifths of the contracts signed result in actual sales that close within two months.

    Yet although the pending home sales index is up 9% from February, it’s still down 7.3% compared to June 2013. Sales of new and previously owned homes hit multi-year highs last summer before faltering in the face of surging prices and a backup in mortgage rates.

    Sentiment: Sell

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