Motorola (MOT) reports after the close on Wednesday, July 19th. Despite weak stock price performance and negative datapoints from the supply chain, analysts expect MOT to post a good 2Q. In fact, recent analyst commentary has had an improving tone as it relates to the quarter. This is probably because other handset vendors have reported […]
The daily box office results for Pirates of the Caribbean: Dead Man’s Chest (POTC) continue to be astounding. After its record breaking opening weekend, POTC easily set mid-week daily records, and now has the 6, 7, 8, 9, and 10-day records. The film appears headed toward $400 million domestic and over $900 million worldwide, ahead […]
Regal Entertainment (RGC) was one of the only green stocks on my monitor yesterday and has held up extremely well against the losuy market envrionment over the past few months. Yesterday,the stock benefited from an upgrade by Bear Stearns, even if the upgrade was only from sell to neutral. Previously, a firming box office and […]
Time Warner (TWX) shares fell for the 7th straight day yesterday, no doubt continuing the negative reaction since word spread that AOL might switch strategies again. The stock has dropped 5.1% in total, erasing about $3 billion in market value. As I noted in a post last week, the shift away from a subscription model […]
Consumers and investors tend to focus on box office and forget profits when looking at domestic box office numbers. Several analyst reports out today are looking at the profitsfor Pirates and the news is good for Disney (DIS). Analysts must have been playing it safe because several bumped their estimates by a nickel or more […]
The numbers for Pirates of the Caribbean: Dead Man’s Chest (POTC) are truly enormous even in an era when studios, theatres, and moviegoers have become used to huge opening weekends. Over at The Hot Blog, David Poland has referred to these big opening weekends and lesser legs as “front loading.” All the comparisons below are […]
Pirates of the Caribbean: Dead Man’s Chest (POTC) blew away even the most optimistic estimates and broke all opening weekend records pulling in $132 million in just three days. All by itself, POTC would have made for a successful weekend for the movie business, but not be overlooked is that the other films in the […]
Yesterday’s Wall Street Journal carried an article confirming the rumors I have been writing about concerning major changes at AOL. The most important takeaway is that AOL wouldn’t be considering such drastic action unless the deterioration in fundamentals was accelerating. That means dial-up subscribers are still leaving at a fast clip, broadband subscribers under the […]
Northlake’s Market Cap model completed its transition for July by flashing a large cap signal for the first time since June 2005. As a result, I sold all remaining mid cap exposure dedicated to the ETF rotation strategy, swapping it dollar for dollar to large caps. Specifically, at the open on Monday, I sold the […]
July 4, 2006 was a pretty good weekend for the domestic box office, making it seven straight up weekends against the easy 2005 comparisons. With the most anticipated movie of the summer, Pirates of the Caribbean: Dead Man’s Chest, hitting theatres on Friday, my bullish thesis built on a strong 2006 summer box office remains […]
