Archive for December, 2010

FA Notes Friday December 31, 2010

December 31st, 2010 No comments

Mark Hulbert says the 3rd year of a Presidential cycle (2011) averages a 24% gain in the past 70 years with no down years. Link

The top 50 stocks in the SP500 contributed to about 60% of its performance for the year. Link

BGP – Borders delays payments to some vendors. Link

Demand for entry level handsets weak. Link

Bill Gross says stay out of dollar-denominated debt. Link

Categories: News

FA Notes Thursday December 30, 2010

December 30th, 2010 No comments

WSJ interview with George Soros. Link

AMZN – Amazon publishes its “best of 2010″ lists. Link

Head of New York Fed, Bill Dudley, talks to hedge-funds and Wall Street CEOs on a regular basis. Link

AMZN NFLX AAPL – Amazon, Netflix, and Apple top customer satisfaction surveys. Link

BKS – Nooks is Barnes & Noble’s all-time best selling product. Link

MBI – MBIA rallying on news JP Morgan and Barclay’s withdrawing a lawsuit. Link

Comparing today’s market to three period market sell-offs. Link

November pending home sales +3.5% m/m vs. -3% est.

December Chicago PMI 68.6 vs. 61.5 est. Last month 62.5

Jobless claims 388K vs. 415K est. previous week revised to 422K

comScore report holiday online sales +13 y/y. Link

Nintendo issues warning against 3DS use by children age 6 and under. Link

Categories: News

FA Notes Wednesday December 29, 2010

December 29th, 2010 No comments

AAPL – Due to a job listing, SemiAccurate speculates Apple may eventually switch to Apple designed ARM CPUs for some of their laptops. Link

Hon Hai Chairman Terry Guo says 2011 revenue growth will beat 2010 (+60% y/y). Link

AMZN – Channel checks show Kindle shipments reaching 1.6 million in December. Analysts estimate 5.4M sold in 2010 and shipments of 4.5M units in Q1-2011. Link

You can hack the Nook Color to be a cheap color Android tablet. Link

AMZN – Jeff Bezos early job post in 1994. Link

BJ – NYPost says Leonard Green & Partners may launch a hostile bid. Link

China actually cut rare earth export quotas in first half of 2011 by 35%. Link

MGM – Phil Ruffin, owner of Treasure Island, has approached MGM to buy the Mirage casino. Link

Fidelity backtests some SP500 trading strategies. Link

Go, chess or poker? Link

Categories: News

FA Notes Tuesday December 28, 2010

December 28th, 2010 No comments

NFLX – According to AdWeek Netflix is talking to several ad agencies about potential international assignments. Link

Bill Gross says the Feds will bail out the states and local governments in 2011, so buy CA and NY munis now he says. Link

Fortune is reporting Groupon is in talks to raise another $950M in VC funding. Link

Short interest in SP500 the lowest level since December 2007. Link

AOL spent $300M on those annoying 1990s marketing CDs. Link

Reuters on China cutting rare earth quotes again. Link

Digitimes reports Apple expects to ship Wi-Fi, UMTS, and CDMA versions of the iPad 2 in a 3:4:3 ratio. 500-530K units are expected in January with 60-65% of the units 3G versions. Supply chain checks estimate 16M iPads in 2010. Link

December consumer confidence 52.5 vs. 57.4 est., November was 54.1

ECB didn’t fully sterilize their bond buying, which means it is QE-ing. Link

October Case-Shiller housing index -0.8% y/y vs. +0.1% est., prior revised to +0.44% vs. 0.59%

China issued 2011 export quotes for rare earths to 14,446 metric tons vs. 16,304 this year

SHLD – Sears/Kmart partners with Roxio to start an online movie download service called Alphaline Entertainment. Link

APKT – article on the founding of Acme Packet. Link

Categories: News

FA Notes Monday December 27, 2010

December 27th, 2010 No comments

Holiday sales return to pre-recession levels. Link
-2008 -6%, 2009 +4%, 2010 +5.5% on the 50 days before Christmas according to MasterCard Advisors SpendingPulse
-apparel +11.2%, jewelry +8.4%, luxury goods +6.7%, furniture and home furnishings +1.6%

Japan November CPI ex-food -0.5% y/y vs. -0.6% est. Link

MCP – Molycorp resumes mining rare earths in Moutain Pass, California. The site was shut down in 2002. Link

China raises rates 25bps to 5.81%. 1 year deposit rate goes to 2.75%. Link

AAPL – Apple raises Q1-2011 iPhone shipment forecast to 20-21 million units from 19 million units. CDMA shipments will be 5-6 million units. Q4 shipment will be 15.5 million units with a total of 47 million units for 2010. Link

Mastercard says holiday online shopping from October 31 to December 24 was up 15.4% y/y. Link

Categories: News

FA Notes Thursday December 23, 2010

December 23rd, 2010 No comments

EXPE – Expedia hides American Airlines fares in solidarity with Orbitz. Link

November new home sales 290K vs. 300K est., +5.5% m/m

December University of Michigan sentiment 74.5 vs. 75 est. and 71.6 prior month

Food inflation in India is +12.3% y/y. Onion prices are +33.5% y/y. Link

Jobless claims 420K vs. 420K est.

Durable goods -1.3% vs. -1% est. Ex-transportation 2.4% vs. 0.8% est.

Core PCE 0.1% vs. 0.1% est.

Consumer spending 0.4% vs. 0.5% est.

Personal income 0.3% vs. 0.2% est.

ROVI SNIC – Rovi buys Sonic Solutions for $14.17/share.

Categories: News

FA Notes Wednesday December 22, 2010

December 22nd, 2010 No comments

Elaine Garzarelli on being bullish on the stock market: “In Japan, after they implemented QE1 [quantitative easing], and they did it with aggression, the stock market [Nikkei] went up 50 percent. The second time they did it with aggression, like we’re [U.S.] doing it, the stock market went up 80 percent. When they stopped QE, the stock market went down 50 percent” Link

Investment themes by year 1996-2010. Link

November existing home sales 4.68M vs. 4.65M est. +5.6% m/m

Q3 GDP 2.6% vs. 2.7% est.

AAPL – Apple says Apple TV will top 1 million units sold later this week. iTunes users are renting and purchasing 400K TV episodes and over 150K movies per day. Link

ATVI ERTS – Activision sues Electronic Arts for $400M over Infinity Ward tampering. Link

ATVI – Activision announces Call of Duty: Black Ops passed $1 billion of sales. Link

Categories: News

FA Notes Tuesday December 21, 2010

December 21st, 2010 No comments

AMZN – Bloomberg reporting Amazon will sell 8 million Kindles this year. Link

ARMH MSFT – Microsoft reportedly working on a Windows OS that works on ARM processors. Link

FreshDirect is looking to raise $200 million. Shades of 1999? Link

SEC investigating Chinese companies that listed on U.S. stock exchanges through reverse mergers. Link

MEE – Reuters reports Alpha Natural Resources has made an offer to buy Massey Energy. Link

Categories: News

FA Notes Monday December 20, 2010

December 20th, 2010 No comments

Interview with a smart tech investor, David Siminoff of Peak Capital. Link

RIMM – Analysts debate the prospects of RIMM. Link

SNE – Sony says TV division will fall short. Link

Top 10 CEO wealth creators and destroyers. Link

NFLX – Reed Hastings, the CEO of NFLX, writes on why the shorts are wrong. Link

Meredith Whitney predicts municipal debt problem within 12 months on 60 Minutes. Link

Categories: News

FA Notes Friday December 17, 2010

December 17th, 2010 No comments

Details on the Fed balance sheet. Over $1 trillion in MBS, $970B in Treasuries. Total $2.367 trillion. Link

Tumblr raises $30M at a $155 valuation. Link

NFLX – Whitney Tilson writes on why Netflix is his biggest short. Link

House passes tax cut bill. Link

Moody’s downgrades Irish bonds. Link

Categories: News