Boiler Room: The Official Stock Market Discussion

[Domingo Halliburton]

Conn's (CONN) down 40% on investigation into violating federal securities laws. CFO quit.

The median analyst projection for the Company's fiscal third quarter of 2015 was earnings of $0.68 per share. Instead, Conn's announced losses of $.08 per share.

and that's how you lose $500MM

 

[无名的]

Conn's (CONN) down 40% on investigation into violating federal securities laws. CFO quit.



and that's how you lose $500MM

shyt like this, a few bad positions I'm down big on, and my feeling that the market is topping are the reasons why I refuse to take any long position without an equivalent number of puts on stocks that are already near book value anymore.

 

[franknitty711]

 

[NkrumahWasRight Is Wrong]

I posted earlier that a lot of people are going short the euro. If the ECB announces stimulus which they sound like they will in January then expect the euro to go down and the dollar to go up.

http://www.reuters.com/article/2014/12/09/markets-euro-idUSL6N0TS3GT20141209

Thank you for the link. Thats what I had gathered from your post but didnt know the timeline. Im going to eat on that conversion rate when its right.

 

[88m3]

Somehow I walked back on all of my losses today

I feel pretty positive going forwards.

 

[CosbyMadeMeSellDrugs]

This is pretty random, but just for fun what do yall think AAPL will be in 3-5 years?

 

[无名的]

Somehow I walked back on all of my losses today

I feel pretty positive going forwards.

http://www.telegraph.co.uk/finance/oilprices/11283875/Bank-of-America-sees-50-oil-as-Opec-dies.html

I don't know how positive I'd be...

 

[Ohene]

http://www.telegraph.co.uk/finance/oilprices/11283875/Bank-of-America-sees-50-oil-as-Opec-dies.html

I don't know how positive I'd be...

I called it first

it's the only reason I havent bought any E&P stocks (TSE: ARX, PWE, CPG for starters)

 

[Domingo Halliburton]

Phibro's Andrew Hall says oil is going $50.

Cheniere Energy might be the most levered energy company I can find out there but they're mostly nat gas

 

[Domingo Halliburton]

Silver Lake sold off half their stake in Virtu? and their IPO is in the spring? Virtu is the firm that has practically a perfect track record in trading. Has only lost money one day in the last 5 years.

Hopefully this means the hammer is coming down on these high frequency traders.

 

[无名的]

Thank God I got out of Wet Seal with a small profit



Down to 15 cents in AH after earnings call says they may have to file for bankruptcy protection if unsuccessful in very near term addressing liquidity needs

 

[GoPro]

Margin a volatile stock brehs.

Had to sell some BABA to break a lil over even on that after getting that call. Gonna transfer over a couple thou from savings just to be sure, but I need this bottom to hit soon

 

[无名的]

Margin a volatile stock brehs.

Had to sell some BABA to break a lil over even on that after getting that call. Gonna transfer over a couple thou from savings just to be sure, but I need this bottom to hit soon

Like I said a week or two ago... I think the market is topping and will be a long bumpy ride down.



Today's /ES calls 69,000 to 212,000 puts. SPY 610,000 calls to 1,130,000 puts.

 

[Domingo Halliburton]

Mark Mobius probably the emerging markets fund manager likes Chinese stocks

 

[Domingo Halliburton]

ECONOMIC REPORTS

Domestic economic reports scheduled for today include:
Jobless claims for week of Dec. 6 at 8:30--consensus 295K
Retail sales for November at 8:30--consensus up 0.4%
Business inventories for October at 10:00--consensus up 0.3%

ANALYST RESEARCH

Upgrades

Amdocs (DOX) upgraded to Buy from Neutral at Goldman
Clear Channel Outdoor (CCO) upgraded to Outperform from Market Perform at Wells Fargo
Eli Lilly (LLY) upgraded to Overweight from Underweight at Morgan Stanley
GOL Linhas (GOL) upgraded to Overweight from Neutral at JPMorgan
Mid-America Apartment (MAA) upgraded to Buy from Hold at KeyBanc
Prologis (PLD) upgraded to Buy from Hold at Deutsche Bank
The Advisory Board (ABCO) upgraded to Buy from Hold at Stifel
Vital Therapies (VTL) upgraded to Outperform from Neutral at Credit Suisse

Downgrades

ARIAD (ARIA) downgraded to Underperform from Neutral at Credit Suisse
AbbVie (ABBV) downgraded to Equal Weight from Overweight at Morgan Stanley
Aimco (AIV) downgraded to Hold from Buy at KeyBanc
Anglo American (AAUKY) downgraded to Underperform from Neutral at Exane BNP Paribas
Approach Resources (AREX) downgraded to Underperform from Neutral at Sterne Agee
Fifth Street Senior (FSFR) downgraded to Perform from Outperform at Oppenheimer
Macerich (MAC) downgraded to Hold from Buy at Deutsche Bank
Olin Corp. (OLN) downgraded to Underperform from Neutral at Longbow
Prudential plc (PUK) downgraded to Neutral from Buy at Nomura
Suncor (SU) downgraded to Neutral from Buy at BofA/Merrill
Thompson Creek (TC) downgraded to Hold from Buy at Deutsche Bank
Toll Brothers (TOL) downgraded to Underperform from Sector Perform at RBC Capital
Travelers (TRV) downgraded to Neutral from Buy at UBS
United Therapeutics (UTHR) downgraded to Underperform from Neutral at Credit Suisse

Initiations

Adeptus Health (ADPT) initiated with an Outperform at JMP Securities
BE Aerospace when-issued (BEAVV) initiated with a Buy at Goldman
Cenveo (CVO) initiated with an Outperform at Macquarie
Deluxe (DLX) initiated with an Outperform at Macquarie
Dynagas LNG (DLNG) initiated with a Hold at Canaccord
EPAM Systems (EPAM) initiated with a Buy at Jefferies
Echo Global (ECHO) initiated with a Neutral at Macquarie
Ennis (EBF) initiated with an Underperform at Macquarie
FedEx (FDX) initiated with a Neutral at UBS
Forward Air (fwrd) initiated with a Neutral at Macquarie
GasLog Partners (GLOP) initiated with a Hold at Canaccord
GasLog (GLOG) initiated with a Buy at Canaccord
Genpact (G) initiated with a Buy at Jefferies
Matthews (MATW) initiated with a Neutral at Macquarie
Navios Maritime Midstream (NAP) initiated with an Overweight at JPMorgan
PACCAR (PCAR) initiated with a Buy at Global Hunter
Qlik Technologies (QLIK) initiated with an Outperform at Wedbush
R.R. Donnelley (RRD) initiated with an Outperform at Macquarie
Roadrunner (RRTS) initiated with a Neutral at Macquarie
Sonus (SONS) initiated with a Buy at B. Riley
Stillwater Mining (SWC) initiated with a Buy at BofA/Merrill
Tableau (DATA) initiated with an Outperform at Wedbush
Teekay LNG (TGP) initiated with a Buy at Canaccord
UPS (UPS) initiated with a Neutral at UBS
Virgin America (VA) initiated with a Buy at CRT Capital
XPO Logistics (XPO) initiated with an Outperform at Macquarie

COMPANY NEWS

Walgreens (WAG) CEO Greg Wasson announced retirement after Alliance merger. Stefano Pessina, executive chairman of Alliance Boots and a member of the Walgreens board, will serve as its acting CEO, pending a board search for a successor
Google (GOOG) will shut Google News in Spain as a result of a new Spanish law
CONSOL (CNX) board authorized management to pursue MLP formation, announced $250M share repurchase program
Lowe's (LOW) CEO sees ROIC reaching 19% by 2017
Urban Outfitters (URBN) said Q4 SSS up low single-digit thus far in Q4
Starboard raised stake in Office Depot (ODP) to 9.9% from 8.6% and reported a new stake of 5.1% in Staples (SPLS)

EARNINGS

Companies that beat consensus earnings expectations last night and today include:
lululemon (LULU), Sigma Designs (SIGM), INTL FCStone (INTL), Comtech (CMTL), Aviat Networks (AVNW), Synergetics (SURG), Casey's General Stores (CASY), Restoration Hardware (RH), Central Garden & Pet Co. (CENTA)

Companies that missed consensus earnings expectations include:
Men's Wearhouse (MW), Wet Seal (WTSL), Oxford Industries (OXM)

Companies that matched consensus earnings expectations include:
Peregrine (PPHM)

Lowe's (LOW) sees FY14 EPS about $2.68, consensus $2.67
Danaher (DHR) sees FY15 adjusted EPS $4.35-$4.45, consensus $4.01, backs Q4 EPS view of $1.00-$1.04, consensus $1.02
lululemon (LULU) sees FY14 normalized EPS $1.74-$1.78, consensus $1.77, sees Q4 EPS 65c-69c, consensus 72c
Aetna (AET) sees FY15 operating EPS at least $6.90, consensus $7.17, backs FY14 operating EPS $6.60-$6.70, consensus $6.68

NEWSPAPERS/WEBSITES
eBay (EBAY) considering cutting 'thousands' of jobs next year, WSJ reports
Starboard may push for Staples (SPLS), Office Depot (ODP) merger, WSJ reports
Wal-Mart used questionable accounting, sales practices in China, Bloomberg reports
Nike (NKE) CIO Anthony Watson leaves company after 10 months, Business Insider reports
Qualcomm (QCOM) cutting 600 jobs worldwide, CNet reports
American Airlines (AAL), United Continental (UAL) can reach new highs, Barron's says

SYNDICATE

ARAMARK (ARMK) files to sell 25M shares for holders
Bright Horizons (BFAM) files to sell 8M shares for holders
Burlington Stores (BURL) files to sell 8M shares for holders
HD Supply (HDS) files to sell 40.66M shares for holders
LendingClub (LC) 58M share IPO priced at $15.00
MEI Pharma (MEIP) files to sell $45M shares of common stock
Mattress Firm (MFRM) files to sell 2.18M shares for holders
Momo (MOMO) 16M share IPO priced at $13.50
Nielsen (NLSN) files to sell 20M shares for holders

so....is the housing recovery over?

and I would not give my money to this Starboard Value group. Positions include Olive Garden, Office Depot and Staples. Unless they can get a merger on the last two I hate these positions.

edit: actually staples isn't as bad as I thought