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%
tweet
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%
tweet
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
tweet
$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
tweet
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'
tweet
$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'
tweet
Offshore
Photo
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
tweet
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
tweet
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
tweet
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
tweet
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%
tweet
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%
tweet
Offshore
Photo
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
tweet
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
tweet
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
tweet
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
tweet
Offshore
Photo
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
tweet
$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
tweet
Special Situations 🌐 Research Newsletter (Jay)
US PMIs crashing, just like Europe. Forward indicators for 3Q22 earnings:
-US July Flash Composite PMI 47.5 vs 52.3
-Employment falls to 54.7 vs 55.7 in June
-Output prices fall vs prior month
-US S&P Global July Services Flash PMI 47; Est. 52.7
- BIG MISS Range from 51.5 to 53.1
tweet
US PMIs crashing, just like Europe. Forward indicators for 3Q22 earnings:
-US July Flash Composite PMI 47.5 vs 52.3
-Employment falls to 54.7 vs 55.7 in June
-Output prices fall vs prior month
-US S&P Global July Services Flash PMI 47; Est. 52.7
- BIG MISS Range from 51.5 to 53.1
tweet