Lexmark International (NYSE:LXK), the Lexington, Kentucky-based printer manufacturer, announced that its second quarter earnings per share edged out consensus analyst estimates. Investors immediately rejoiced… but for good reason? Agora Financial editor of the Strategic Short Report, Dan Amoss, takes a closer look in his latest missive to readers: “Lexmark (NYSE:LXK) reported $1.07 in second quarter [...]
A strong week for U.S. equity markets followed a better-than-expected second quarter earnings reports from a majority of blue chip companies, confidence level of market participants. The same also got a fillip from the results to the stress test of banks for 91 European banks released on Friday, which suggested that barring seven banks including [...]
Straight from the “Only in America” file: Second quarter earnings were so bad…they were great! Yes, dear readers, it’s true, many of America’s largest financial firms are producing such dismal operating results that their reported earnings might actually benefit. Are you confused yet? Here’s how it works: A bizarre accounting rule that came into existence [...]
U.S. stocks rallied yet for the fourth successive day in the week, as optimism ahead of the second-quarter earnings season powered a strong rebound from the market’s worst levels this year. The Dow Jones industrial average gained 59 points, or 0.6%. The S&P 500 index gained 8 points, or 0.7%, and the Nasdaq Composite rose [...]
The S&P 500 Index jumped more than 1% yesterday – lifting the index to within a whisker of a new one-year high. So let’s have a moment of silence, please, for the millions of S&P Index put options that have died in vain… Thank you. As it turns out, not every sort of put option [...]
The upcoming third-quarter earnings reports from real estate investment trusts will not be pretty. Second-quarter earnings for the sector were boosted by one-time gains from buying back publicly traded bonds at discounts, and taking advantage of bond investors’ newly whimsical attitude toward credit risk by floating new bond issues. Earnings were also boosted as REIT [...]
