Special Situations 🌐 Research Newsletter (Jay)
$AMEX saw spending on network soar as customers continued travel despite mass cancellations and long waits at airports, leading firm to raise forecast for 22 revenue.
Volumes on the firm’s network jumped to $394.8 billion, topping the $383.3 billion average of analyst estimates.
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$AMEX saw spending on network soar as customers continued travel despite mass cancellations and long waits at airports, leading firm to raise forecast for 22 revenue.
Volumes on the firm’s network jumped to $394.8 billion, topping the $383.3 billion average of analyst estimates.
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Special Situations 🌐 Research Newsletter (Jay)
Verizon $VZ cut its Adj. EPS guidance for full year; guidance missed the average analyst estimate.
QUARTER
Adj EPS $1.31 vs. $1.39 y/y, est $1.33
Rev $33.8B, +0.1% y/y, est $33.78B
YEAR
-Adj EPS $5.10 to $5.25, saw $5.40 to $5.55, est $5.38
-Wireless rev growth +8.5% to +9.5%
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Verizon $VZ cut its Adj. EPS guidance for full year; guidance missed the average analyst estimate.
QUARTER
Adj EPS $1.31 vs. $1.39 y/y, est $1.33
Rev $33.8B, +0.1% y/y, est $33.78B
YEAR
-Adj EPS $5.10 to $5.25, saw $5.40 to $5.55, est $5.38
-Wireless rev growth +8.5% to +9.5%
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Special Situations 🌐 Research Newsletter (Jay)
$TWTR misses on revenue and EPS
Reports 2Q EPS -8c vs consensus 14c, stock down 4% pre
Costs related to pending deal $33mn in 2Q
Revenue $1.18bn, down 1% y/y vs $1.32bn consensus
No guidance
Stock falling despite deal because unaffected px moving lower (in deal break) $FB $SNAP
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$TWTR misses on revenue and EPS
Reports 2Q EPS -8c vs consensus 14c, stock down 4% pre
Costs related to pending deal $33mn in 2Q
Revenue $1.18bn, down 1% y/y vs $1.32bn consensus
No guidance
Stock falling despite deal because unaffected px moving lower (in deal break) $FB $SNAP
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Special Situations 🌐 Research Newsletter (Jay)
$TWTR, part 2
-Q2 avg US mDAU 196.3 mln, up 17% (meets est)
-Q2 monetizable daily active usage up 16.6% to 237.8 mn
-Q2 advertising revenue up 2% to $1.08 bln
-Q2 costs and expenses up 31% to $1.52 bln
-Q2 SEVERENCE-RELATED COSTS $19M
-maintains termination of merger 'invalid'
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$TWTR, part 2
-Q2 avg US mDAU 196.3 mln, up 17% (meets est)
-Q2 monetizable daily active usage up 16.6% to 237.8 mn
-Q2 advertising revenue up 2% to $1.08 bln
-Q2 costs and expenses up 31% to $1.52 bln
-Q2 SEVERENCE-RELATED COSTS $19M
-maintains termination of merger 'invalid'
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Special Situations 🌐 Research Newsletter (Jay)
German 2Y Bond Yield Set for Biggest Drop Since 2008
-EU bonds surge as recession fears cool ECB rate bets
-Composite PMI declines to 49.4, estimate was for 51.0, a 17 month low https://t.co/JnqQXCSPSD
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German 2Y Bond Yield Set for Biggest Drop Since 2008
-EU bonds surge as recession fears cool ECB rate bets
-Composite PMI declines to 49.4, estimate was for 51.0, a 17 month low https://t.co/JnqQXCSPSD
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Special Situations 🌐 Research Newsletter (Jay)
Russia Cuts Rates Below Pre-War Level in Surprise Move
-Massive 1.5% cut in rates on Friday and will consider further reductions in 2H22
-Slower price growth & ruble gains allowed for easing
-Economy is shrinking after sanctions imposed over Ukraine war
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Russia Cuts Rates Below Pre-War Level in Surprise Move
-Massive 1.5% cut in rates on Friday and will consider further reductions in 2H22
-Slower price growth & ruble gains allowed for easing
-Economy is shrinking after sanctions imposed over Ukraine war
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Special Situations 🌐 Research Newsletter (Jay)
Snap sales and guidance wiped $76 billion from social media stocks overnight $SNAP $META $TWTR $PINS $GOOG
Snapchat parent plummeted 30% in pre trading. Meanwhile, Facebook parent Meta Platforms Inc. fell 4.8%, Alphabet (Google) declined 2.8%, and Pinterest sank 7.1%
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Snap sales and guidance wiped $76 billion from social media stocks overnight $SNAP $META $TWTR $PINS $GOOG
Snapchat parent plummeted 30% in pre trading. Meanwhile, Facebook parent Meta Platforms Inc. fell 4.8%, Alphabet (Google) declined 2.8%, and Pinterest sank 7.1%
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Alex Brogan
The Great Temptation
We haven’t found aliens yet, so what if extraterrestrial intelligence has a deep tendency to be self-limiting or even self-exterminating?
Like getting obsessed with computer games or virtual reality instead of worrying about reproduction.
@h/t primalpoly https://t.co/FsmOMBn3m6
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The Great Temptation
We haven’t found aliens yet, so what if extraterrestrial intelligence has a deep tendency to be self-limiting or even self-exterminating?
Like getting obsessed with computer games or virtual reality instead of worrying about reproduction.
@h/t primalpoly https://t.co/FsmOMBn3m6
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Special Situations 🌐 Research Newsletter (Jay)
Typical home sold during 4 weeks ending July 17 spent 19 days on the mkt, one day longer than last year. That’s according to a new report from $rdfn, the technology-powered real estate brokerage.
First time in 2 years median time on market has posted a y/y gain. Will get worse
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Typical home sold during 4 weeks ending July 17 spent 19 days on the mkt, one day longer than last year. That’s according to a new report from $rdfn, the technology-powered real estate brokerage.
First time in 2 years median time on market has posted a y/y gain. Will get worse
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Compounding Capital
$VZ and $TMUS encroaching even more aggressively on cable with FWA net adds ramping.
Assuming $TMUS comes in around 400K FWA net adds, that's 650K total FWA net adds in 2Q 2022.
Cable used to add about 500K HSD subs in 2Q pre-COVID. https://t.co/eE3953a6f9
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$VZ and $TMUS encroaching even more aggressively on cable with FWA net adds ramping.
Assuming $TMUS comes in around 400K FWA net adds, that's 650K total FWA net adds in 2Q 2022.
Cable used to add about 500K HSD subs in 2Q pre-COVID. https://t.co/eE3953a6f9
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