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TradersCom
Today at 08:20:27 AM by TradersCom
Views: 170 | Comments: 3

Leading video game retailer GameStop $GME posted Q416 earnings of that beat top linr expectations however the third consecutive quarter of sales miss was too much leading to gloomy guidance or fiscal 2017 . In direct contrast to last quarter the stock is down 11%, after being up 8% last quarter's announcement.  The concern is the sales miss is from slack demand for gaming consoles which hurt the top and bottom line year over year.

Earnings Adjusted of $2.38 EPS beat consensus Estimate of $2.29. Net sales fell 13.6% year over year to $3,045.4 million short of consensus estimate of $3,116 million.

Reaction: GameStop Corp. NYSE Pre-market 21.20 -2.76 -11.52%
 
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ThePitBoss
March 23, 2017, 07:11:41 PM by ThePitBoss
Views: 443 | Comments: 3

Micron Technology $MU has followed up it's stellar fiscal first-quarter results in its second quarter ended March 2 beating the street handily again sending the stock up over 10% after hours.  Micron soared 9% after the last report.

Micron who makes semiconductor devices, including dynamic random-access memory, flash memory, and solid-state drives continued it's robust sales and earnings growth. Mu saw strong demand and limited supply for NAND and DRAM solutions.

Earnings: 90 EPS excluding items on sales of $4.65 billion up 58% on a year ago, Thomson Reuters expected 86 EPS excluding items vs. a year-earlier loss of 5 cents a share.

Reaction: Micron Technology $MU After-hours: After-hours: 29.19 +2.72 (10.28%)
 
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HeidsterTrades
March 23, 2017, 10:41:22 AM by HeidsterTrades
Views: 166 | Comments: 0

This is a pretty cool blurb about Acceleware Ltd. this group has come up with a safe and so far effective form of radio frequency heat transfer to warm the oilsand for more efficient extraction of oil.  The link is to their Phase One test results on oil-sands in Calgary.

The technology is designed for both vertical an horizontal well types.  They were able to show the following over a three day test:

This is exciting news for Canada, now they just have to work on transportation infrastructure and they will be all set.
 
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HeidsterTrades
March 23, 2017, 10:12:40 AM by HeidsterTrades
Views: 260 | Comments: 0

Libya's production levels are still below what they had been during pre-war times.  Libya's National Oil Corporation met and said that they plan to increase production in some fields by 55K barrels.

Quote
"It is high time to put an end to the gross violations being committed across Libya," he said, adding perpetrators may be hauled before the International Criminal Court.

"We are doing our best to increase production despite all the obstacles and circumstances," he said in a statement.
 
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TradersCom
March 23, 2017, 08:40:26 AM by TradersCom
Views: 398 | Comments: 2

Ford Motor (F) said Thursday that it is guiding lower first-quarter earnings, citing commodities and currency prices as major factors.

Earnings guidance cut from analyst consensus 47 cent per share to 30-35 cents, citing increased costs and weaker demand in an SEC filing. 

Quote
"higher costs (including commodities, warranty, and investments in emerging opportunities); lower volume (primarily fleet); and unfavorable exchange."

Reaction PreMarket: Shares of Ford -2.6%. General Motors (GM) -1.7% Fiat Chrysler (FCAU) - 2.5%.

Big Three US Carmakers General Motors $GM Ford $F Fiat Chrysler $FCAU Sales Fall
 
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What’s ahead this week:
Mar 21   Current Account Balance
Mar 22   MBA Mortgage Applications Index
Mar 22   MBA Mortgage Index
Mar 22   FHFA Housing Price Index
Mar 22   Existing Home Sales
Mar 22   Crude Inventories
Mar 23   Initial Claims
Mar 23   Continuing Claims
Mar 23   New Home Sales
Mar 23   Natural Gas Inventories
Mar 24   Durable Orders
Mar 24   Durable Goods -ex transportation


Global stocks gained $906bn in mkt cap this week, equals GDP of Indonesia as great rotation into equities continues following strong US data

@Schuldensuehner

One of the most important charts of 2016
via @topdowncharts   

Bank of Japan is set to become the biggest buyer of exchange-traded funds in 2016 for the second straight year http://s.nikkei.com/2i5gXKs
via @vexmark   

Is Bitcoin the new safe haven. Digital currency keeps rising while Gold prices keep falling.
via @Schuldensuehner

Japan's central bank has purchased enough stock to completely offset sales by foreigners

via @HayekAndKeynes

US IPO activity has gone into decline

@topdowncharts