Archive for October 2009

3Q GDP +3.5%

October 29, 2009  ·  Category: Macro Economics, Market Commentary
A better than expected GDP report is spurring markets higher this morning (3Q GDP Report - from the Bureau of Economic Analysis). Two thirds of the growth was driven by "Motor Vehicles & Parts", "Residential Fixed Investment" ...
Posted by Greg Feirman  ·  No Comments »

Fantastic WaPo Front Page Article Characterizes The Current State Of The Economy

October 28, 2009  ·  Category: Macro Economics
Over the past year, the U.S. government has thrown almost every tool at its disposal toward making the economy grow again.  And it has worked, at least for now. The trillion-dollar question for the economy now ...
Posted by Greg Feirman  ·  No Comments »

Top Gun FP Client Note: Another Bubble

NOTE: Every week I write a Client Note for my clients.  For a limited time, I am allowing non-clients to sign up and receive the Client Note.  You can sign up at the top right ...
Posted by Greg Feirman  ·  No Comments »

$29 Billion Manufacturer Honeywell Reports 17% Revenue Drop

October 23, 2009  ·  Category: Macro Economics, Market Commentary, Stocks
Honeywell (HON), a big, diversified manufacturer, reported earnings this morning.  They earned 80 cents a share, beating estimates for 72 cents, but revenues were off 17%, more than $1.5 billion to $7.7 billion.  They cut ...
Posted by Greg Feirman  ·  No Comments »

Amazon Is A Phenomenal Company, Shares At All Time Highs

October 23, 2009  ·  Category: Fundamental Analysis, Market Commentary, Stocks
We think it speaks volumes about Amazon's still-improving ability to attract customers, serve them better and sell them more, to gain share, and reinforces our view that Amazon can continue to gain share. - Ed Weller, ...
Posted by Greg Feirman  ·  No Comments »

McDonald’s Continues To Dominate In The Recession

October 22, 2009  ·  Category: Macro Economics, Market Commentary, Stocks
McDonald's (MCD) this morning reported another excellent quarter.  Global same store sales increased 3.8% compared to the year ago period including gains of 2.5% in the US, 5.8% in Europe and 2.2% in Asia, the ...
Posted by Greg Feirman  ·  No Comments »

Same Store Sales Drop 6% At 1296 Chili’s Restaurants

October 21, 2009  ·  Category: Macro Economics, Stocks
Brinker International (EAT), the owner of Chili's, reported yesterday morning that same store sales dropped 6% at its 1296 Chili's restaurants.  Disclosure: Top Gun has no position in Brinker International (EAT) shares.
Posted by Greg Feirman  ·  No Comments »

Dick Bove Wells Fargo Downgrade Ignites Late Day Selloff

October 21, 2009  ·  Category: Market Commentary, Stocks
On a day when the S&P peaked its nose above 1100 for a few minutes in the morning, the market ended up having a severe late day selloff as respected financials analyst Dick Bove downgraded ...
Posted by Greg Feirman  ·  No Comments »

Tremendous David Einhorn Speech Monday At The Value Investing Congress

I really respect David Einhorn because he has evolved from a pure value investor into recognizing the importance of macro.  Anybody who doesn't recognize that at this point is going to pretty useless going forward.  ...
Posted by Greg Feirman  ·  No Comments »

Top Gun FP Client Note: Dow 10,000

NOTE: Every week I write a Client Note for my clients.  For a limited time, I am allowing non-clients to sign up and receive the Client Note.  You can sign up at the top right ...
Posted by Greg Feirman  ·  No Comments »