Earnings Barrage: This Is What GOOGL, MSFT, INTC And SBUX Reported

In what is one of the busiest reporting days of the quarter, Microsoft, Intel, Google, Starbucks, and more all reported earnings after the close.Here is a quick recap:

GOOGL: Q4 non-GAAP EPS miss $9.36, Exp. $9.64; Revenue $26.0BN, Exp. $25.2BN; Revenue ex-TAC $21.2BN, Exp. $20.6BN

  • 4Q paid clicks +36.0%, est. +25.7%
  • 4Q Google other rev. $3.40b
  • 4Q rev. ex-tac $21.2b
  • 4Q cost-per-click -15.0%, est. +10.7%
  • 4Q adj. operating profit $8.49b, est. $8.18b (range $6.12b- $9.30b)
  • 4Q Google advertising rev. $22.4b
  • 4Q free cash flow $6.34b
  • 4Q capital expenditures $3.08b

* * *
MSFT: Q2 EPS non-GAAP EPS beat $0.83 (Ex-LinkedIn $0.84), Exp. $0.79; Revenue $25.9BN, Exp. $25.3BN; Rev. ex-LinkkedIn: $25.8BN, Exp. $25.3BN

  • 2Q rev. by business unit:
    • More Personal Computing $11.82b vs est. $11.44b (5 ests. compiled by Bloomberg News)
    • Intelligent Cloud $6.86b vs est. $6.68b (5 ests.)
    • Productivity and Business Processes $7.38b vs est. $7.02b (5 ests.)
  • Sees “strong demand” for cloud-based services

* * *

INTC: Q4 non-GAAP EPS beat $0.79, Exp. 0.75, Revenue $16.4BN, Exp. $15.8BN

  • Sees 1Q adj. EPS 65c +/- 5c, est. 61c
  • Sees 1Q adj. GM 63% +/- Couple Pts, est. 61.9%
  • Sees 1Q rev. $14.8b +/- $500m, est. $14.5b
  • Sees year rev. roughly flat; expected to grow in low single digits excluding Intel Security Group from both years
  • Client computing rev. $9.1b, up 4% y/y
  • DCG rev. $4.7b, up 8% y/y
  • 4Q adj. gross margin 63.1% vs est. 63.1%

* * *

SBUX: Q1 EPS match non-GAAP EPS $0.52, Exp. $0.52; Revenue $$5.73BN, Exp. $5.83BN, Q1 Comps +3%, Exp. +3.7%

  • Sees revenue growth 8-10%, Saw growth in the double digits.
  • 1Q China/Asia Pacific comp. sales +5%, est. +3% (Consensus Metrix, average of 26)
  • 1Q Americas comp. sales +3%, est. +3.9%
  • 1Q EMEA comp. sales -1%, est. +1.8%
  • 1Q adj. operating margin +20.0%
  • 1Q China/APAC operating margin 21.2%
  • 1Q EMEA operating margin 16.8%
  • 1Q net new store openings in Americas 251

And how the respective shares are reacting:

The post Earnings Barrage: This Is What GOOGL, MSFT, INTC And SBUX Reported appeared first on crude-oil.top.

Earnings Barrage: This Is What GOOGL, MSFT, INTC And SBUX Reported

In what is one of the busiest reporting days of the quarter, Microsoft, Intel, Google, Starbucks, and more all reported earnings after the close.Here is a quick recap:

GOOGL: Q4 non-GAAP EPS miss $9.36, Exp. $9.64; Revenue $26.0BN, Exp. $25.2BN; Revenue ex-TAC $21.2BN, Exp. $20.6BN

  • 4Q paid clicks +36.0%, est. +25.7%
  • 4Q Google other rev. $3.40b
  • 4Q rev. ex-tac $21.2b
  • 4Q cost-per-click -15.0%, est. +10.7%
  • 4Q adj. operating profit $8.49b, est. $8.18b (range $6.12b- $9.30b)
  • 4Q Google advertising rev. $22.4b
  • 4Q free cash flow $6.34b
  • 4Q capital expenditures $3.08b

* * *
MSFT: Q2 EPS non-GAAP EPS beat $0.83 (Ex-LinkedIn $0.84), Exp. $0.79; Revenue $25.9BN, Exp. $25.3BN; Rev. ex-LinkkedIn: $25.8BN, Exp. $25.3BN

  • 2Q rev. by business unit:
    • More Personal Computing $11.82b vs est. $11.44b (5 ests. compiled by Bloomberg News)
    • Intelligent Cloud $6.86b vs est. $6.68b (5 ests.)
    • Productivity and Business Processes $7.38b vs est. $7.02b (5 ests.)
  • Sees “strong demand” for cloud-based services

* * *

INTC: Q4 non-GAAP EPS beat $0.79, Exp. 0.75, Revenue $16.4BN, Exp. $15.8BN

  • Sees 1Q adj. EPS 65c +/- 5c, est. 61c
  • Sees 1Q adj. GM 63% +/- Couple Pts, est. 61.9%
  • Sees 1Q rev. $14.8b +/- $500m, est. $14.5b
  • Sees year rev. roughly flat; expected to grow in low single digits excluding Intel Security Group from both years
  • Client computing rev. $9.1b, up 4% y/y
  • DCG rev. $4.7b, up 8% y/y
  • 4Q adj. gross margin 63.1% vs est. 63.1%

* * *

SBUX: Q1 EPS match non-GAAP EPS $0.52, Exp. $0.52; Revenue $$5.73BN, Exp. $5.83BN, Q1 Comps +3%, Exp. +3.7%

  • Sees revenue growth 8-10%, Saw growth in the double digits.
  • 1Q China/Asia Pacific comp. sales +5%, est. +3% (Consensus Metrix, average of 26)
  • 1Q Americas comp. sales +3%, est. +3.9%
  • 1Q EMEA comp. sales -1%, est. +1.8%
  • 1Q adj. operating margin +20.0%
  • 1Q China/APAC operating margin 21.2%
  • 1Q EMEA operating margin 16.8%
  • 1Q net new store openings in Americas 251

And how the respective shares are reacting:

The post Earnings Barrage: This Is What GOOGL, MSFT, INTC And SBUX Reported appeared first on crude-oil.top.

Bonds, Dow, & Dollar Rise As Peso & VIX Protection Pounded

Anyone else get this feeling today…

 

S&P 2,300; Dow 20,100 early on but couldn’t extend gains…

 

NOTE Dow was closed right at 20100…

 

Despite the best efforts to crush VIX once again, the S&P could not hold on to gains… (NOTE that VIX was extremely wild around the 10.8 area where it died yesterday as Dow 20k hit)

 

VIX dropped intraday to its 2nd lowest level in 10 years…

 

It looks like the Short-squeeze ammo just ran out…

 

What happens next?

 

The Peso was pounded all day…

 

And the Dollar rebounded modestly… (pushing the Dollar Index back above 100)

 

Yen was the biggest loser today but all the majors lost ground as the greenback strengthened (though remains down on the week)

 

Remember, tonight is the last trading day for China before they go away for Golden Week (which has historically meant a weaker dollar and stronger gold)…

 

Despite stock gains and VIX decline, bonds were bid today (accelerating after a solid 7Y auction)

 

Gold and Silver are now lower on the week as copper and crude catch the reflation bug…

 

Gold and silver both broke below key levels ($1200 and $17)…

 

Bonus Chart: S&P hit 2,300 Record Highs today… and the gap between hope and reality yawns ever wider…

 

Bonus Bonus Chart: Today was the worst day for US Macro data since August…

The post Bonds, Dow, & Dollar Rise As Peso & VIX Protection Pounded appeared first on crude-oil.top.

Bonds, Dow, & Dollar Rise As Peso & VIX Protection Pounded

Anyone else get this feeling today…

 

S&P 2,300; Dow 20,100 early on but couldn’t extend gains…

 

NOTE Dow was closed right at 20100…

 

Despite the best efforts to crush VIX once again, the S&P could not hold on to gains… (NOTE that VIX was extremely wild around the 10.8 area where it died yesterday as Dow 20k hit)

 

VIX dropped intraday to its 2nd lowest level in 10 years…

 

It looks like the Short-squeeze ammo just ran out…

 

What happens next?

 

The Peso was pounded all day…

 

And the Dollar rebounded modestly… (pushing the Dollar Index back above 100)

 

Yen was the biggest loser today but all the majors lost ground as the greenback strengthened (though remains down on the week)

 

Remember, tonight is the last trading day for China before they go away for Golden Week (which has historically meant a weaker dollar and stronger gold)…

 

Despite stock gains and VIX decline, bonds were bid today (accelerating after a solid 7Y auction)

 

Gold and Silver are now lower on the week as copper and crude catch the reflation bug…

 

Gold and silver both broke below key levels ($1200 and $17)…

 

Bonus Chart: S&P hit 2,300 Record Highs today… and the gap between hope and reality yawns ever wider…

 

Bonus Bonus Chart: Today was the worst day for US Macro data since August…

The post Bonds, Dow, & Dollar Rise As Peso & VIX Protection Pounded appeared first on crude-oil.top.

Exxon Mobil vs. Chevron: Best energy stock?

Scott Mann, Mann Financial Group president and founder, makes the case for Exxon Mobil, while Sam Margolin, Cowen & Co. director and oil analyst, makes the case for Chevron.

crude oilThe post Exxon Mobil vs. Chevron: Best energy stock? appeared fi…

Exxon Mobil vs. Chevron: Best energy stock?

Scott Mann, Mann Financial Group president and founder, makes the case for Exxon Mobil, while Sam Margolin, Cowen & Co. director and oil analyst, makes the case for Chevron.

crude oilThe post Exxon Mobil vs. Chevron: Best energy stock? appeared fi…

Bannon Blasts Mainstream Media: “You’re The Opposition Party, Not The Democratic Party”

Not one to mince words, Steve Bannon, Trump’s Chief White House strategist, eviscerated the mainstream media during an interview last night.  Commenting on their coverage of the Trump campaign, Bannon lambasted the disconnect of the media from everyday Americans saying, “They don’t understand this country. They still do not understand why Donald Trump is the president of the United States.”  Per Axios:

“The media should be embarrassed and humiliated and keep its mouth shut and just listen for awhile,” Mr. Bannon said during a telephone call. “I want you to quote this,” Mr. Bannon added. “The media here is the opposition party. They don’t understand this country. They still do not understand why Donald Trump is the president of the United States.”

“The elite media got it dead wrong, 100 percent dead wrong,” Mr. Bannon said of the election, calling it “a humiliating defeat that they will never wash away, that will always be there.”

Bannon

 

But that attacks didn’t end there as Bannon went on describe the media as “the opposition party.”

“The mainstream media has not fired or terminated anyone associated with following our campaign,” Mr. Bannon said. “Look at the Twitter feeds of those people: they were outright activists of the Clinton campaign.” (He did not name specific reporters or editors.) “That’s why you have no power,” Mr. Bannon added. “You were humiliated.”

 

“You’re the opposition party,” Mr. Bannon said. “Not the Democratic Party. You’re the opposition party. The media’s the opposition party.”

Finally, asked whether he was concerned that Sean Spicer had lost credibility with the press after his debate over crowd sizes, Bannon had a similarly pointed answer:

“Are you kidding me?” he said. “We think that’s a badge of honor. ‘Questioning his integrity’ — are you kidding me? The media has zero integrity, zero intelligence, and no hard work.”

Any remaining questions on what Steve Bannon thinks of the mainstream media?

The post Bannon Blasts Mainstream Media: “You’re The Opposition Party, Not The Democratic Party” appeared first on crude-oil.top.

Bannon Blasts Mainstream Media: “You’re The Opposition Party, Not The Democratic Party”

Not one to mince words, Steve Bannon, Trump’s Chief White House strategist, eviscerated the mainstream media during an interview last night.  Commenting on their coverage of the Trump campaign, Bannon lambasted the disconnect of the media from everyday Americans saying, “They don’t understand this country. They still do not understand why Donald Trump is the president of the United States.”  Per Axios:

“The media should be embarrassed and humiliated and keep its mouth shut and just listen for awhile,” Mr. Bannon said during a telephone call. “I want you to quote this,” Mr. Bannon added. “The media here is the opposition party. They don’t understand this country. They still do not understand why Donald Trump is the president of the United States.”

“The elite media got it dead wrong, 100 percent dead wrong,” Mr. Bannon said of the election, calling it “a humiliating defeat that they will never wash away, that will always be there.”

Bannon

 

But that attacks didn’t end there as Bannon went on describe the media as “the opposition party.”

“The mainstream media has not fired or terminated anyone associated with following our campaign,” Mr. Bannon said. “Look at the Twitter feeds of those people: they were outright activists of the Clinton campaign.” (He did not name specific reporters or editors.) “That’s why you have no power,” Mr. Bannon added. “You were humiliated.”

 

“You’re the opposition party,” Mr. Bannon said. “Not the Democratic Party. You’re the opposition party. The media’s the opposition party.”

Finally, asked whether he was concerned that Sean Spicer had lost credibility with the press after his debate over crowd sizes, Bannon had a similarly pointed answer:

“Are you kidding me?” he said. “We think that’s a badge of honor. ‘Questioning his integrity’ — are you kidding me? The media has zero integrity, zero intelligence, and no hard work.”

Any remaining questions on what Steve Bannon thinks of the mainstream media?

The post Bannon Blasts Mainstream Media: “You’re The Opposition Party, Not The Democratic Party” appeared first on crude-oil.top.

Leaner and Meaner After The Crash, Oil Sands Industry Expands

This time last year, businesses operating in the oil sands of Alberta seemed pretty much done for. Canadian crude sold for less than US$20, and there was no chance of higher prices as OPEC had dug its heels in, pumping ever-increasing amounts of crude, and environmental opposition towards the industry kept growing and getting louder. A year later, those that made it through the worst of the price crisis are leaner due to heavy cost cuts, and also meaner, capable of adapting to a consistently lower price environment. Ironically, they have OPEC to…