A mixed bag kind of but they did beat on both EPS and revenue slightly while still spending to build out the network. So overall not bad it definitely could have been worse. The next catalyst is the September merger possibility.
Amazon already sells 98% of what Rite Aid sells and almost all cheaper. Bezos invests in mostly tech and things that may be big in the future. As Rite Aid's balance sheet further improves then you may see somebody sniffing around.
I think some of the late move today was attributable to the article of the two sides preparing their case for the regulators in September. I think the deal gets done because it seems the administration lets corporations do what they want to consumers. An earnings beat would help propel the stock back towards $9 then the merger back near or over $10 if things fall into place.
Gone like he always does. Pumped at the decade high about the growth then amnesia sets in. In his mind he has all the winners he has pumped then sings about them only on You Tube do we see the misses.
has this much influence on the stock. This will be a one day event I believe and back near $42 again by Wednesday. Goldman does remain positive on the airlines that came out today also.
Just kidding want some more in the low $32's again. I got a feeling it will be back near or over $33 by 4pm. We have seen this recently a few times and shares usually snap back rather quickly.
They are moving multiple stocks in artificial ways this morning. The HFT's are taking out stops in multiple stocks today I believe. I'm buying down here in the low $32's hoping for a bounce later.
Amazon does sell everything and anything so it's hard to tell what Amazon's results say about Best Buy. Amazon's new problem is that the street may no longer overlook the fact that they don't make a profit on a normal basis. Amazon invests continuously in new directions in it's business without concern about what investors think that may be ending soon. It has always been about cash flow and generation and not about what the toll of investing in it's business does to profitability. That may have to change soon after what the market did to the shares this time. Best Buy investors need to catch one break and that is they need to sell their Asian business and hope the news is released on a big up market day. If they get both at the same time shares will spike about $3 or more I believe. Remember when they sold the European business in 2013 shares were up big and continued to climb. This time I think the pop may fade so if I see $34-$35 I will sell what I was buying and holding since the big January drop. Radio Shack's bankruptcy which will happen may help some also. The Shack has $62 million now I cannot believe how fast they burnt through their cash in the past year or so. Those shares will be under .50 real soon. Finally Best Buy's shares need to break the $32.50 area which it has met some resistance recently.
Losses are never a non-issue they are one of the reasons that eventually drive your share price to single digits and eventually to the pink sheets. The pre-market low is $7.37 so far. Their other problem is there business model is sort of commoditized because of competition that also drives down share prices. They will have to cost cut to offset losses like I said chop execs pay and see how that works since they are failing shareholders.
They do punish stocks who miss so I would say it's possible. The bigger EPS loss is the problem the revenue miss and miss on guidance was not horrible but the loss is what is probably freaking out the market. Obviously heads will roll at some point better yet maybe the execs should give up some of their pay. The business model now has competition where you don't pay which adds to their problem. I could see the sixes soon in this market.
How can you claim this is going that high if there is no take out when they consistently report disappointing numbers. Both stocks will have to act like EMC/VMW where both firms are doing well. I see Alibaba doing their part but not Yahoo. There was a reason this dipped below $33 the other day and if not for Alibaba this would be in the $20's. This buyout could happen but I doubt it when in doubt WS is great at starting rumors when a specific stock is underperforming. Like I posted earlier I sold into this strength after buying in the lower $33's days ago made some money and will wait for this rumor to fade. Each day that nothing happens shares will drift lower eventually to near $33 or lower again. WS loves to create these stories but hates when they do not materialize. I doubt Marrissa is looking to work for someone else and will put measures in place along with the board. Either way I want to thank the rumor-mongers for today I was hoping for just $34 all day then the extra bonus we all got was a gift.
Sold late into the strength from buying low $33's however if nobody buys them now based on what seems to be a stretch by this Forbes article this stock drifts back to $33 and possibly lower. I'll be waiting again if it does.
With some beats and some misses. The estimates for Q4 margins are a bit lower but my favorite was the guy who was just on CNBC pumping his shares like a lunatic singing about $115 before the new launch. It's going to take a lot to get AAPL even over $100 at this point after these OK earnings. This is not the $500-$600 stock anymore that jumps $10 to $40 in one day. It has a normal bid/ask and it will be much harder to move this stock in big increments look at what is doing now it has only moved about $2.50 from low to high after it reported. These pumpers forget their are more shares now to be accumulated to move the stock in a big way.
He should have waited and gave a date a week from now the shares may have been near the low $40's by then based on the selling in anticipation of his act. This was sell the rumor buy the news the opposite of the usual market move. Carl must be laughing his #$%$ off.
Each time the sell the shares early it seems to snap back. Trying to hold the $30 for now. The market wants them to sell the Asia business if they do you see a $3 bump I believe. Was the 10% correction in the shares the chance for this to move up? We will see soon about a month until earnings.
I doubt that but if you get some in the $59's this morning that will make you some money. The award will be reduced and the shares on both sides will rebound. LO looked great on Friday looking like it would get back over $62 soon. Today will create a buying opportunity if you can get some under $60 and who knows maybe even under $59.
Man you have been right about that for weeks so far. I don't know if that $7.83 was a near-term bottom but it did snap back in the last minutes and they were buying higher in the after hours. I believe this is all about the T-mobile deal being derailed by the government. The market ran S up without even thinking about a few years ago a AT&T being blocked then suddenly the amnesia disappeared and the stock is down near $2. The market loves to punish stocks when deals fall through many times below the price from where the run started. I've been buying a bit here under and around $8 because just when you think the government cares about the consumer because of less competition they tend to turn their back on the consumer and cave to the corporations. I think the deal does happen and the stock is back over $9 once the market gets any hint of the news of a deal coming. It's a gamble but so is the market.