Financial Review

Buckle Up

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-09-05-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…September promises a wild ride: spending, debt ceiling, immigration reform, disaster relief and more. DACA rescinded. Irma on the way. Nafta anyone? United Tech buys Rockwell. Financial Review by Sinclair Noe for 09-05-2017

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Financial Review

Jump Into Earnings

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-04-21-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW – 85 = 17,949 SPX – 3 = 2097 NAS + 19 = 5014 10 YR YLD + .02 = 1.92% OIL – 1.12 = 56.26 GOLD SILV This is one of the busiest weeks for earnings reports, so let’s jump in with both feet.   IBM delivered its 12th straight quarter of declining revenue, but they beat earnings expectations because they proved that even if they aren’t the masters of technology, they are masters of financial engineering; one way to boost earnings per share – reduce the shares outstanding with stock buybacks. At some point the strategy has a flaw, but that is for another day.   We’ve known that a stronger dollar would hurt US companies doing business overseas, but we rarely think about reversing that equation. The weaker euro boosted revenue at German business software maker SAP in the first three months of the year and drove operating profit up 15 percent. First-quarter revenue rose 22 percent to 4.5 billion euros, at the top of market forecasts. At constant exchange rates sales rose 10 percent.  First-quarter operating profit, excluding special items, rose to 1.06 billion euros ($1.13 billion), matching estimates. Excluding the effect of currencies, SAP’s operating profit dropped 2 percent.   Chip designer ARM Holdings supplies Apple’s iPhone. Arm said first quarter profits rose 24%, beating forecasts. Chief executive Simon Segars said: “As the world becomes more …

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