$140 billion networking goliath Cisco Systems (CSCO) reported 1st quarter fiscal year earnings after the close yesterday. Revenues were off 13% from the year ago period – though they were up 6% from the previous quarter. Net income was off…
A better than expected GDP report is spurring markets higher this morning (3Q GDP Report – from the Bureau of Economic Analysis). Two thirds of the growth was driven by “Motor Vehicles & Parts”, “Residential Fixed Investment” and “Federal Government” – that…
Over the past year, the U.S. government has thrown almost every tool at its disposal toward making the economy grow again. And it has worked, at least for now. The trillion-dollar question for the economy now is: What will happen…
Honeywell (HON), a big, diversified manufacturer, reported earnings this morning. They earned 80 cents a share, beating estimates for 72 cents, but revenues were off 17%, more than $1.5 billion to $7.7 billion. They cut Selling, General & Administrative expenses…
McDonald’s (MCD) this morning reported another excellent quarter. Global same store sales increased 3.8% compared to the year ago period including gains of 2.5% in the US, 5.8% in Europe and 2.2% in Asia, the Middle East and Africa. That’s…
Brinker International (EAT), the owner of Chili’s, reported yesterday morning that same store sales dropped 6% at its 1296 Chili’s restaurants. Disclosure: Top Gun has no position in Brinker International (EAT) shares.
I really respect David Einhorn because he has evolved from a pure value investor into recognizing the importance of macro. Anybody who doesn’t recognize that at this point is going to pretty useless going forward. Buy great companies with high…
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IT’S TIME FOR THE FEDERAL RESERVE TO STOP talking about an “exit strategy” and to start implementing one. There’s no need for short-term rates to remain near zero now that the economy is recovering. The call to action is clear:…