Following the results, as shown by the chart below, shares of Netflix surged higher.
- 2 million new U.S. streaming customers
- Adjusted earnings of 31 cents per share compared to forecast of 19 cents per share
- 1 million new streaming customers in markets outside the U.S. including Canada, Europe, and Latin America
- $1 billion revenue
On March 7, 2013, in a piece entitled MGIC and Radian Surge: Updating My Outlook, I said:
I am maintaining my long-term bullish outlook for both MTG and RDN. However, I would not buy shares right now. Investors should look to buy either MTG or RDN on a significant pullback or after both stocks have gone through a consolidation period.
Over the past few months, despite the stock market's rally to an all-time high, shares of gold mining companies have been under severe selling pressure. However, at this point, in my opinion, it is time to consider buying some of these beaten down names. In particular, Gold Fields Ltd (NYSE: GFI), Goldcorp (NYSE: GG), and Agnico Eagle Mines Ltd (NYSE: AEM)
As shown by the chart below, GFI more »
On Tuesday, as shown by the chart below, shares of the major airlines, US Airways (NYSE: LCC), United Continental, Delta (NYSE: DAL), and Southwest all traded sharply lower despite a more than eighty-point gain during the trading session by the Dow Jones Industrial Average.
Delta Leads The Way
On February 14, 2013, as I suggested was possible a month earlier, Berkshire Hathaway (NYSE: BRK-B) announced a joint deal with Brazilian based 3G ventures to buy H.J. Heinz (NYSE: HNZ) for $23.2 billion. However, despite this large deal, Buffett has said he is still looking for more acquisitions. I believe Darden Restaurants (NYSE: DRI) would be a good fit for Berkshire.
Buffett Buys What He Knows
One more »
Just days ago, AMR and US Airways (NYSE: LCC) announced their much anticipated merger creating the world's largest airline. After the merger is completed, the new AMR will surpass both Delta and United Continental (UAL) to become the world's largest with just over 20% of domestic market share. Following AMR, Delta, United, Southwest, and the fifth largest domestic carrier, JetBlue (NASDAQ: JBLU). Without question, this merger will have more »
As of the most recently reported figures (Jan. 31, 2013), short interest in Safeway stood at more than 82 million shares, or 32.3% of the float. The high short interest has led me to look at what more »
Over the past year, despite a more than 14% move higher in the S&P 500, shares of CSX Corp (NYSE: CSX) are down. There are three reasons to consider buying CSX now.
As shown by the chart below, CSX is trading close to historic lows in terms of PE ratio. Given this, I believe the downside is relatively small while the upside is big more »
Over the past year, one of the strongest market subsectors has been refiners. Shares of all major refiners, Phillips 66 (NYSE: PSX), Western Refining (NYSE: WNR), Valero (NYSE: VLO), Tesoro (NYSE: TSO), and Marathon Petroleum (NYSE: MPC) have all been very stong. While I expect this trend to continue into 2013, there are two refining stocks which I am especially bullish about: WNR and TSO.
Despite trading at more »
Everyone who follows the stock market knows that shares of Apple (NASDAQ: AAPL) have been under heavy selling pressure over the past few months. Despite the fact that Warren Buffett does not usually take stakes in technology companies, I believe there are reasons why Buffett could be a buyer of AAPL at current levels.
Buffett doesn't usually buy tech stocks
Throughout his investing career, Warren Buffett, chairman & CEO of more »