Transocean Beats 1Q15 Forecast but Is Still Plagued by Oil Woes
Transocean (RIG) posted strong 1Q15 financial results with revenues of $2.04 billion, beating the forecast of $1.91 billion. EPS was $1.10, much higher than the estimated $0.60.
ETFs decreased or closed their positions in energy companies rather than increase or initiate a new stake last week. This signals a weak outlook for energy companies.
Mackenzie Financial added Newmont Mining (NEM) to its portfolio, expecting NEM to generate superior returns compared to benchmarks.
Newmont’s (NEM) share price jumped 6.5% after the release of its 1Q15 results. The company reported Q1 revenue of $2 billion and adjusted EPS of $0.46.
In the first quarter of 2015, Mackenzie Financial added a new position in Newmont Mining (NEM).
In this series, we’ll take a look at Newmont Mining’s performance over the last quarter in order to better understand its current and longer-term drivers.
The new LinkedIn Lead accelerator suite enables marketers to reach their target audiences more effectively. This addition should allow the company to generate more advertising revenues.
There were about 25 hedge funds with Twitter in their top ten holdings in the first quarter. A total of 177 hedge funds also added to their positions in TWTR.
In its first-quarter earnings release, Yahoo! reported EPS of $0.15, missing consensus estimates by $0.03. It missed revenue estimates by $20 million.
Of those peers reviewed, only AMC Entertainment Holdings (AMC) is performing better than Madison Square Garden year-to-date, with returns of 11.83%.
JD.com has outperformed all of its benchmarks, including competitors Amazon (AMZN) and eBay. The company has returned 43.56% so far in 2015.
Tesla Motors has outperformed other benchmarks, yielding a return of 11.88% so far in 2015. Apparently, JAT Capitals’ bet on TSLA is wisely placed.
The rationale for investing in Time Warner Cable could involve its growing subscriber base, which was lagging until last quarter, and the speculation over a deal with Charter Communications.
JAT Capital Management invests primarily in technology, media and telecom, travel, leisure, and gaming companies. In this series, we’ll take a detailed look at the fund’s top holdings in 1Q15.
Icahn mentioned that although the short-term outlook for the energy sector is bad, the sector as a whole could make a comeback in a couple of years.
Carl Icahn mentions the use of credit default swaps as a form of protection against credit events. He implies that investors should possess sophisticated knowledge of the fixed income markets to enter that playing field.
In a recent interview with Fox’s Wall Street Week, activist investor Carl Icahn asserted that high yield bonds are becoming more risky than ever.
Best Buy to support Apple Pay in 2H15 As discussed in our article Best Buy Will Support Apple Pay in 2H15, during its fiscal 2Q15 earnings call, Apple’s (AAPL) management noted that…
Apple achieved robust results despite the currency headwinds playing a major role. Apple noted that the strong dollar impacted its revenue growth by 6% in fiscal 2Q15.
Carl Icahn added Apple to his portfolio in September 2013, purchasing ~27 million shares. Since March 2014, the fund has maintained its holdings at ~53 million shares.
But if I knew how to manage my portfolio safer and smarter than most hedge fund managers, I could realistically grow my wealth.