I talked about this earlier as an example of why I could never be a market timer. When earnings came out for XLNX, the shares dropped immediately. I read the report and thought the earnings report was actually pretty good, and expected that eventually the shares would recover. The next day, XLNX rose 4%, trading at a new 52-week high. I certainly did not expect "eventually" to be "less than 24 hours."
Now Investor's Business Daily reports:
Xilinx, a specialist in complex programmable semiconductor chips, has engineered a positive turnaround.
On Tuesday, the San Jose, Calif.-based firm said fiscal third-quarter sales jumped 15% vs. a year ago to $586.8 million. That marked the fastest increase since the September 2010 quarter and an acceleration from 10% growth in the September-ended quarter of last year.
Earnings increased 76% to 67 cents a share. It was Xilinx's fourth straight quarter of growth following a seven-quarter spell of declining profits.
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KC Southern misses by $0.07, reports revs in-line: Reports Q4 (Dec) earnings of $1.03 per share, excluding non-recurring items, $0.07 worse than the Capital IQ Consensus Estimate of $1.10; revenues rose 8.4% year/year to $616 mln vs the $616.62 mln consensus.
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All that money being pulled out of the market yesterday and today is now in cash (earning 0%) and/or in money market funds (earning 0.1%). I doubt the big movers and shakers will stay on the sidelines for long.
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MPLX LP increases Quarterly Distribution by $0.015 (or +5%) to $0.3125 per common unit: Co announced a cash distribution of $0.3125 per common unit for the fourth quarter of 2013. This represents an increase of $0.015 per unit, or 5 percent, over the previous quarterly distribution and a 19 percent increase over the minimum quarterly distribution at the time of MPLX's initial public offering (IPO) in October 2012. MPLX has increased its distribution every quarter since its IPO. The distribution will be paid Feb. 14, 2014, to unitholders of record Feb. 4, 2014.
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6:46AM Xerox declares 8.7% increase in the co's quarterly cash dividend to $0.0625 per share from $0.0575 per share.
You had commented on the potential for this to be a big year for Hess in the Bakken. Here is a link that confirms that: http://finance.yahoo.com/news/hess-sets-2014-capex-5-181005580.html
ReplyDeleteHess plans on commissioning 225 new wells in 2014!
Wow, thank you for taking time to comment. I had not seen that. Since comments are not google-searchable, I will move this discussion up to a stand-alone post. Thank you so much.
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