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Liberty Interactive Corporation Message Board

sam_0534 197 posts  |  Last Activity: 3 hours ago Member since: Feb 8, 1998
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  • This also accounts for the recent slide in the U.S. dollar, as safe haven flows are simply favoring the least dirty shirt in the laundry basket—which in this case is the Yen.

    The good news is that on a technical basis, the volatility in currencies is subsiding, and it’s quite possible we have a reversal underway. Whether or not this translates into putting a bid on U.S. equities remains to be seen.

    The reaction to Friday’s big jobs report will be key. Notice I didn’t say that the report itself is important. Big money will simply run with the headline numbers to add to its positions. The market will go up and down (not necessarily in that order), and the close of the S&P 500 will be the only number that matters.

    It’s a bit early to handicap the key levels, but 2040 to 2080 in the S&P 500 is a particularly relevant trading range to watch. If the lower end goes, fasten your seat belts.

  • sold some in March around $26.. Would think they will be selling some up here

  • Steven Cohen: hedge fund crowding caused major February loss
    Reuters
    21 minutes ago
    
    Steven Cohen, Chairman and CEO of Point72 Asset Management, speaks at the Milken Institute Global Conference in Beverly Hills
    .
    View photo
    Steven Cohen, Chairman and CEO of Point72 Asset Management, speaks at the Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2016. REUTERS/Lucy Nicholson

    By Lawrence Delevingne

    LOS ANGELES (Reuters) - Billionaire investor Steven Cohen said that too many hedge funds placing the same types of bets contributed to sharp losses for his $11 billion Point72 Asset Management earlier this year.

    "One of my biggest worries is that there are so many players out there trying to do similar strategies," Cohen said Monday, speaking at the Milken Institute Global Conference in Los Angeles.

    "If one of these highly levered players had a rough run and took down risk, would we be collateral damage?" Cohen said. "In February we drew down 8 percent which for us is a lot. My worst fears were realized."

    Point72 has rebounded to a return of approximately zero for the year, according to a person familiar with the situation.

    Cohen also commented on the hedge fund industry's relatively large size and meager recent returns, saying that both investors and their clients were willing to tolerate lower performance.

    "When this business started, guys took pride in the returns that they generated. Guys would make 20, 25, 30 percent," said Cohen, known for generating similar returns himself. "Now it's about trying to figure the intersection between assets under management and what investors would be willing to accept."

    The Hedge Fund Intelligence Americas Global Equity index, an industry benchmark, fell 3.2 percent in the first quarter of 2016. The index gained just 0.56 percent in 2015.

    Cohen's presence at the Milken event reflected a newfound openness for an investor who generally avoids media interviews. The public appearance was his third this spring - including events organized by Evercore and the Marine Corp Law Enforcement Foundation - after doing virtually nothing since attending the SkyBridge Alternatives Conference in May 2011.

    Cohen famously founded and ran SAC Capital Advisors, one of the most successful hedge fund firms ever.

    Stamford, Connecticut-based Point72 is the so-called family office that succeeded SAC, which pleaded guilty to fraud in 2013 and paid $1.8 billion in criminal and civil settlements with U.S. authorities.

    It was also forced to return outside capital, although a more recent settlement with regulators would allow Cohen to again manage other people's money starting in 2018 should he so choose.

    Cohen did not address the firm's regulatory history in his remarks and no questions from the audience or media were allowed.

  • sam_0534 by sam_0534 May 3, 2016 12:50 PM Flag

    Washington, D.C. could help, with shrewd, aggressive policies, but it may be doing the opposite and holding the economy back. ?We have a crisis,? Republican Sen. David Perdue of Georgia, a former Fortune 500 CEO, said at the conference. ?The frustration of people back home is very simple. Today a lot of people are motivated by frustrations with Washington?s lack of results.? He, Warner and other politicians at the Milken conference say Washington politicians understand the problem, but are prevented from finding solutions by a handful of obstructionists and leadership that doesn?t seem interested in problem-solving.

    Business could do more, too. ?I get a little tired with the business community #$%$ about Washington but then never wanting to get their hands dirty,? Warner groused. ?If you don?t engage, you turn the keys over to the extremists. That?s not going to fix it.?

    There?s also plenty of discussion of solutions, such as bipartisan agreements to streamline taxes and regulations, better support for those who lose jobs to foreign workers, a longer-term corproate focus on building strong comapnies, and more corporate investment in local communities. But after all the talk and good intentions, many Milken attendees will leave Beverly Hills and go back to looking out for themselves. That may be another thing wrong with the country.

  • Regulators to propose tough new rules for hedge funds

    Hedge funds just got some bad news. Regulators are ring fencing the big banks so that when the next panic comes, they won't have to be bailed out with taxpayer money. Instead, the hedge funds that do business with them are going to have to waive their right to hold on to their trading collateral. What does this mean for Bill Ackman and Carl Icahn?

    Sentiment: Buy

  • Besides the traders selling on market weakness, I think a lot of selling could be from the many hedge funds going out of business selling whatever they own.. The redemption in hedge funds has been very very high and they have to sell whatever.....AIG Seeks to Redeem $4.1 Billion From Hedge Funds After Loss
    Bloomberg By Sonali Basak, Katherine Chiglinsky
    1 hour ago
    
    AIG Seeks to Redeem $4.1 Billion From Hedge Funds After Loss .
    View photo
    American International Group Inc Photographer: Michael Nagle/Bloomberg

    American International Group Inc., the insurer burned by losses on hedge funds, has submitted notices of redemption for $4.1 billion of those holdings through the end of the first quarter.

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    “As of today, we have received $1.2 billion of proceeds from those redemptions,” Chief Financial Officer Sid Sankaran said Tuesday in a conference call discussing results at the New York-based insurer.

    Sentiment: Buy

  • Maybe we all are wrong on this company..too bad..No ONE seems interested in supporting the stock price.. some one knows something..

    Sentiment: Hold

  • NXP Semiconductors

    This company is considered a top play for investors looking for a chip stock with Internet of Things exposure. The NXP Semiconductors N.V. (NASDAQ: NXPI) merger with Freescale Semiconductor was widely applauded on Wall Street, and many analysts believe the merger is transforming the company into a powerhouse. It made NXP the fourth largest semiconductor company in the industry. It is also important to note that the combined company would be the number one supplier in auto semiconductors, number one supplier in global microcontrollers and a dominant supplier in mobile payments.

    NXP is getting its chips into high-growth areas such as contactless mobile payments, the Internet of Things, mobile-phone charging, increased cellular data consumption and LED lighting. Trading at solid discount to some of its peers, many analysts are very positive on the faster earnings growth potential relative to their competition. The company reports earnings after the close Monday.

    The Jefferies team added NXP to the list as they see the company as having among the highest free cash flow per share in the sector for this year and 2017, a metric they feel is extremely critical in charting performance. They also see the potential for multiple expansion as capital reruns lift. Lastly, the analysts feel that we are heading into a supply chain restock this year, an obvious positive for sales.

    The Jefferies price target is a whopping $130, and the consensus target is much lower at $107.88. The stock closed Friday at $85.28.

    With both stocks having solid upside potential to the Jefferies price targets, they make good sense for accounts looking to rotate capital. With the market on potentially shaky ground as we head into May, investors may want to buy partial positions and see if we don’t back up some.

    Read more: Jefferies Adds Hain Celestial and NXP Semiconductors to Franchise Picks List (NASDAQ: HAIN) (

    Sentiment: Buy

  • Reply to

    Geez...nice chart today

    by billlewisiv Apr 27, 2016 10:51 AM
    sam_0534 sam_0534 Apr 28, 2016 12:29 PM Flag

    we can see that.. no need to get so excited..speculators go with the market and oil, etc....BX is forming a very strong basing pattern.. It should break to the upside when the good news comes out :)... If you want a good value dividend stock look at BXMT.. Blackstone Mortgage paying over 9 % sound dividend..

    Sentiment: Buy

  • sam_0534 by sam_0534 Apr 28, 2016 11:42 AM Flag

    FRANKFURT (Reuters) - Chipmaker NXP Semiconductors expects to outperform its peers until 2019 by growing at a compound annual rate of between 5-7 percent, its financial chief said on Thursday.

    The company, which completed its nearly $12 billion acquisition of Freescale last year, told investors it expected to reach adjusted earnings before interests, tax, depreciation and amortization (EBITDA) of more than $4 billion by 2019 as a result of combining businesses.

    "The merger is going well," NXP's Financial Chief Dan Durn said at the company's capital markets day.

    It is the first time NXP gives an outlook for the combined businesses.

    The company, which is the world's top maker of automotive electronics, had earlier said it expects Freescale to be accretive to NXP's earnings this year with cost savings of $200 million, resulting in annual cost savings of $500 million in the mid-term.

  • sam_0534 sam_0534 Apr 28, 2016 10:40 AM Flag

    long time holder here.. just impatient with this stock.. all your given prospects does NOTHING for the price.. It looks like no one else is seeing the potential???????

  • sam_0534 by sam_0534 Apr 28, 2016 10:11 AM Flag

    FRANKFURT (Reuters) - Chipmaker NXP Semiconductors expects to outperform its peers until 2019 by growing at a compound annual rate of between 5-7 percent, its financial chief said on Thursday.

    The company, which completed its nearly $12 billion acquisition of Freescale last year, told investors it expected to reach adjusted earnings before interests, tax, depreciation and amortization (EBITDA) of more than $4 billion by 2019 as a result of combining businesses.

    "The merger is going well," NXP's Financial Chief Dan Durn said at the company's capital markets day.

    It is the first time NXP gives an outlook for the combined businesses.

    The company, which is the world's top maker of automotive electronics, had earlier said it expects Freescale to be accretive to NXP's earnings this year with cost savings of $200 million, resulting in annual cost savings of $500 million in the mid-term.

  • I would think BX will see some this year if it continues its good advance..If HLT moves higher it will be a good year for BX..

  • Three of the largest private-equity firms had a rough start to the year, as volatile markets hurt the value of their investments and made it hard to do more buyouts or sell off companies they already own.

    Carlyle Group LP (CG) was the latest to report lackluster results. The Washington firm said Wednesday that its profit fell 78% in the first quarter from a year earlier. The results followed weak reports from Blackstone Group LP(BX), which said Friday its profit fell 77%, and KKR & Co.(KKR), which said Monday it swung to a loss. Analysts expect Apollo Global Management LLC(APO) to report a steep drop in profit next week.

    All of those results were on the basis of a measure the firms use to reflect the cash the company generates and the changing value of their investments. That latter piece can have a big impact. At KKR, a 19% decline over the quarter in the shares of a single investment -- payment processor First Data Corp., which KKR owns a big piece of after taking it public in October -- cut the firm's profit by about $300 million.

    "The market tantrum in the first part of the year resulted in lots of dislocation," Blackstone Chief Executive Stephen Schwarzman said on a conference call with analysts Friday.

    The quarter serves as a reminder that the firms are still largely captive to market conditions even after years spent diversifying beyond their core leveraged-buyout businesses. Investors who hoped to cash in on the industry's lucrative model when the firms went public are suffering from that volatility as well.

    Blackstone's stock is down 7% from where it launched in the firm's 2007 initial public offering. Carlyle's is down 20% since its 2012 IPO, while Apollo's is off 6.7% from its 2011 debut. KKR has risen 37% since it opened for trading on the New York Stock Exchange in 2010.

    The buyout business, which boomed before the financial crisis, has been in the doldrums. The firms earn money by buying companies using big amounts of borrowed funds and then selling them at a profit years later.

    The past few years, the firms sold aggressively into rising stock markets. Apollo co-founder Leon Black said in 2013 the firm was selling "everything that's not nailed down." But since mid-2015, they have faced trickier conditions, with markets stalling and bargains harder to find after years of easy money from central banks.

    Market volatility has left investors wary of the junk bonds buyout firms typically use to fund their deals and the initial public offerings they use to take the companies they buy public again.

    Carlyle didn't sell any shares of its publicly traded portfolio companies during the quarter. As markets rose in April, it did sell nearly $350 million of shares in NXP Semiconductors NV and Spanish certification and inspection company Applus Services SA.

    The lack of asset sales in the quarter hurt the firms' payouts to shareholders -- with the exception of KKR, which pays a fixed amount. Carlyle's dividend fell to 26 cents a share from 33 cents a year earlier. Blackstone's dropped to 28 cents from 89 cents.

    The value of Blackstone's private-equity portfolio rose by 1.7% in the first quarter, slower than the 6.4% gain it booked a year earlier. Carlyle experienced a similar slowdown. KKR's private-equity holdings depreciated by 0.9% versus year-earlier growth of 5.1%.

    Debt and oil-and-gas-focused investments also stung the firms for a second-straight quarter. Blackstone's distressed-credit investments posted a negative 3.9% return, weighed down by energy-company debt. Carlyle's natural- resources funds dropped 2% and older investment vehicles it manages with former partner Riverstone Holdings LLC dropped 3%.

    By and large, the firms continue to raise money. Blackstone's assets under management rose to a record $343.7 billion as of March, as the firm's real-estate total alone surpassed $100 billion for the first time.

    "In the very short term they certainly were buffeted by the broader market headwinds," KBW Inc. analyst Rob Lee said.

    But, he added, "there are plenty of investors around the globe who are willing to entrust them with capital."

    Sentiment: Buy

  • The Federal Reserve has employment numbers on its radar as opposed to real economic growth, Bill Gross said Wednesday on CNBC's " Power Lunch ."

    "Goodness, this quarter, for almost the second quarter in a row, we're close to the flatline in terms of economic growth," said Gross, who leads the Unconstrained Bond Fund at Janus Capital Group. "But the jobs market seems to be doing better, and that's the one they emphasize first. As long as jobs keep going at 200,000 a month, I think the Fed is well on its way to a June hike."

    The Federal Reserve opted to leave interest rates unchanged at its April meeting Wednesday, noting that the labor market had improved, despite the appearance of slowing economic activity and moderate household spending. The Fed eventually wants to normalize rates, bringing the Fed funds rate up to 2 percent, Gross said.

    Even with the " Yellen put" moving options markets, financial assets are yielding nearly nothing, Gross said. Still, he said he only expects one rate hike from the Federal Reserve in 2016. Markets for Fed funds futures now price in a 19 percent chance of a June hike.

    "Usually I like to differ from the market or disagree with the market, but I think, in this case, one hike is probably where we're at," Gross said. "Can they get there [to 2 percent], based upon this market put, based on the market situations in emerging markets? I don't really think so, but they want to try."

  • NXP Semiconductors (NXPI) Stock Price Target Upped at Drexel Hamilton
    ByKaya YurieffFollow | 04/27/16 - 09:01 AM EDT
    Get TheStreet Quant Ratings' exclusive 5-page report for (NXPI) - FREE.

    NEW YORK (TheStreet) -- NXP Semiconductors' (NXPI - Get Report) stock price target was raised to $115 from $102 at Drexel Hamilton. The firm has a "buy" rating on the stock.

    The higher price target comes after the Netherlands-based semiconductor manufacturer posted its 2016 first quarter results on Monday, which beat expectations.

    The company reported adjusted earnings of $1.14 per share, topping analysts' expectations for $1.09 per share. Revenue was $2.22 billion, higher than estimates of $2.21 billion.

    Back by Popular Demand…“Confessions of a Street Addict” Get a FREE signed copy of Jim Cramer’s national best-seller when you gain access to his multi-million dollar charitable trust portfolio! Click here to see Jim’s holdings and get your FREE gift.

    "We are most encouraged that NXP's diversity and broader demand increase more than offset continued volatility at Apple (AAPL); a theme we expect to be key to an NXP investment, and a likely driver of multiple expansion," the firm wrote in a note.

    Additionally, the company pointed to positive demand trends and believes that macroeconomic headwinds should subside over the next several months, Drexel Hamilton said.

    Shares of NXP Semiconductors are dropping by 1.38% to $85.49 in pre-market trading on

    Sentiment: Buy

  • NXP Semiconductors (NXPI) Stock Price Target Upped at Drexel Hamilton
    ByKaya YurieffFollow | 04/27/16 - 09:01 AM EDT
    Get TheStreet Quant Ratings' exclusive 5-page report for (NXPI) - FREE.

    NEW YORK (TheStreet) -- NXP Semiconductors' (NXPI - Get Report) stock price target was raised to $115 from $102 at Drexel Hamilton. The firm has a "buy" rating on the stock.

    The higher price target comes after the Netherlands-based semiconductor manufacturer posted its 2016 first quarter results on Monday, which beat expectations.

    The company reported adjusted earnings of $1.14 per share, topping analysts' expectations for $1.09 per share. Revenue was $2.22 billion, higher than estimates of $2.21 billion.

    Back by Popular Demand…“Confessions of a Street Addict” Get a FREE signed copy of Jim Cramer’s national best-seller when you gain access to his multi-million dollar charitable trust portfolio! Click here to see Jim’s holdings and get your FREE gift.

    "We are most encouraged that NXP's diversity and broader demand increase more than offset continued volatility at Apple (AAPL); a theme we expect to be key to an NXP investment, and a likely driver of multiple expansion," the firm wrote in a note.

    Additionally, the company pointed to positive demand trends and believes that macroeconomic headwinds should subside over the next several months, Drexel Hamilton said.

    Shares of NXP Semiconductors are dropping by 1.38% to $85.49 in pre-market trading on Wednesday.

  • Reply to

    Baba is a fluke

    by alibaba363636 Apr 27, 2016 12:43 AM
    sam_0534 sam_0534 Apr 27, 2016 9:59 AM Flag

    see you on IGNORE

  • sam_0534 by sam_0534 Apr 27, 2016 9:58 AM Flag

    500 shares traded total and up 12 cents ???? so volatile.. only news will get this going

    Sentiment: Hold

  • Hilton Worldwide Reveals CEO, CFO Names For Its Planned REIT
    Benzinga By R. Chandrasekaran
    2 hours ago
    

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    Hilton Worldwide Holdings Inc (NYSE: HLT) revealed the appointment of Thomas Baltimore, Jr. as president and CEO of the planned real estate investment trust. According to the company, Sean Dell'Orto would be the CFO of the REIT, which is expected to be formed after its separation from Hilton Worldwide later in the current year.

    Hilton Worldwide disclosed last February it was planning to spin-off its timeshare, as well as real estate businesses, and create three market-leading, independent public companies. The company indicated the REIT's CEO appointment as CEO would be effective May 16 and that Baltimore will report to Christopher Nassetta, president and CEO of Hilton Worldwide. The company also clarified Dell'Orto would continue to serve as senior VP and treasurer for Hilton Worldwide.

    Commenting on the appointments, Nassetta said, "The appointments of Tom and Sean represent a major step forward in the execution of our REIT spin-off. We are confident that Tom's extensive capital allocation experience and proven leadership make him the perfect fit to oversee the long-term success of the REIT business. Additionally, I have had the pleasure of working alongside Sean for the past six years, and he is a first-rate addition to the executive team."

    Reacting to the appointment, Baltimore commented, "I'm delighted and thrilled to lead what will be one of the largest and most geographically diverse publically traded REITs, and I look forward to working with Chris and his superb team at Hilton. We expect the high-quality portfolio, along with the deep expertise and institutional insights from leaders like Sean, will enable our team to unlock significant embedded growth and create long-term returns for shareholders."

    Dell'Orto has been serving Hilton Worldwide as its SVP and treasurer, and was integral in its corporate strategy, capital markets and investor relations activities, including its IPO, since joining the company in 2010. Earlier, Dell'Orto was senior VP and CFO of Barceló Crestline Corporation, a private third-party management company and hotel owner, and was VP and treasurer at Highland Hospitality Corporation.

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