Hillary Clinton - tweets

[stcks]

Hillary just sent out a tweet attacking private prisons hopefully she this will take her focus off of drug companies.

[Deleted]

she should be locked up in one of them public or private..

C L

[stcks]

Add oil to the list - Democratic presidential frontrunner Hillary Rodham Clinton announced Friday she supports a federal investigation into ExxonMobil on the heels of reports claiming the company intentionally worked to hide the effects of climate change.

Her endorsement of a federal probe comes only months after the oil company severed its connection to the Clinton Foundation. In the past, ExxonMobil had donated at least $1 million to her family’s foundation.

[stcks]

Anybody surprised

Exxon Mobil Investigated for Possible Climate Change Lies by New York Attorney General


The New York attorney general has begun an investigation of Exxon Mobil to determine whether the company lied to the public about the risks of climate change or to investors about how such risks might hurt the oil business.

[jb]

Exxon has deep pockets and floors full of lawyers. Should be interesting to watch this play-out. Also interesting this comes on the heels of the climate meeting in Europe. 

[Deleted]

Stcks, it never stops from those lefty morons, what's next??

C L 

[stcks]

Give me (Clinton Foundation) $5 million or I will send my thugs after you (New York attorney general). for "Climate Crimes".

[Deleted]

Just saw a news item, ogoofy turned down the Keystone Pipeline - again, the skumbag should be in prison.

C L

[Deleted]

Well, staying off this thread. Maybe I should start a Democrat version of this.

[icemandios]

Nov 7, 2015 2:58:29 GMT @stevbuao said:

Well, staying off this thread. Maybe I should start a Democrat version of this.

Well, why not? So far, the Republicrats and the Demoblicans have been like two poisoned peas in a pod.

Does any Republican want to own the Patriot Act? If so, they haven't read the fudger.

Does any Democrat want to own the (un)Affordable TAX act? (we have to vote for it to know what's in it).

Jesus Christ on a rubber crutch. Does anybody in these last two decades want to own what their respective parties have done? Really? Screw the parties. Screw this Red/Blue divisiness.

Isn't about time that smart people throw off the postbellum bullshit of the black/white poor class?

There are no people who work for you or I in DC. Get over it. Quit the stupid, "I'm this; you're that" nonsense.

Here's an idea......if you have kids, take a look at the trillions of dollars of gummint excesses that they are going to have to deal with. Who ran that shit up? I'll tell you who, Reds and Blues. So, besides you, who's on the side of your kids?

[Deleted]

Stcks, what's your prediction for the earnings/Tuesday morning??

Burnaka put up a pretty bullish post on yoohoo tonite.. He's always been pretty accurate. I'm thinking he's prolly pretty close.

I'm looking for a CLOSE above $10.15 on Tuesday - hopefully considerably above there..

C L

[stcks]

On the poll I did .04 to .06. closer to .04 then .05. I think that The "Dr." did not like the last qt being his last without earnings. (Let's hope-but you should not hope with stocks!) So he has push all the cost he could to last qt. Then all profits to this qt. so he can surprise. As you notice I'm the internal optimist.

OPK has hit that point where it needs to show a profit. And I think the Dr. believes that also.

[stcks]

I like the Tuesday reporting vs Friday. Tuesday gives 4 days to run before the week. Friday you have one. Good way to diminish bad news.
I sure there has been a number of studies on this subject (I will have to look that one up)

[Deleted]

Well, last Q he put em out on Friday, I figured that was bad news, and the mkt surely took it that way, reality, or not.

My best pal is a great chartist and now has a lot of the stock. He was going to lighten up, if they put em out on Friday again. When he saw the Monday release, he bought another 20K shares. I have more now than I should have, just couldn't resist.

C L

[stcks]

The best times to release bad earnings
This story was originally published by Stanford Business.

Here are key points.

1. Researchers compiled a data set of more than 120,000 quarterly earnings announcements from 2000 through 2011
2. Data shows that earnings reported after hours and on busy days — as well as on Fridays, interestingly—are significantly worse


Market watchers have long griped about companies that try to bury their bad news by releasing it late on a Friday afternoon. Earnings shortfalls, product recalls, outlandish severance deals—these things always seem to hit the wires just as we’re kicking off our pumps and wingtips for the weekend. The website Footnoted even runs a regular feature called the Friday Night Dump, in which it combs through end-of-the-week SEC filings for dirty laundry.

But does this old PR trick even work in a world of 24/7 news services and social media? Not when it comes to earnings announcements, according to a working paper by Stanford Graduate School of Business accounting professor Ed deHaan and colleagues. In fact, by one measure, Friday filings might even get a little extra scrutiny—presumably the opposite of what those companies were hoping for.

That’s just one of the insights that deHaan, along with Terry Shevlin of the UC Irvine Merage School of Business and Jake Thornock of the University of Washington Foster School of Business, came up with in a study of corporate earnings announcements. The questions they explore are ones that scholars have long debated: Do companies manipulate the timing of their quarterly reporters for strategic reasons? And are there times when stock traders, analysts, and journalists are less attentive?

Timing matters

For answers, the researchers compiled a data set of more than 120,000 quarterly earnings announcements from 2000 through 2011, with precise date and time stamps. The data set is both larger and likely more accurate than what’s been available before, deHaan says—which may account for some contradictory results in older studies.

But the real advance is in how the team gauges market attention levels. In the past, researchers have tried to get at this indirectly, by measuring how fast stock prices change when new information comes out. Instead, deHaan and his colleagues look at the actual behavior of market players following an announcement: the number of related articles published, downloads of 8-K filings, Google searches, and the time it takes for analysts to update their forecasts.


Using these new metrics, the authors find that markets really do get distracted sometimes. Not on Fridays, no, but after hours and on busy days when lots of companies are filing at once. They also find that companies change the timing of their quarterly announcements often enough — for innocent reasons—that a devious maneuver won’t call attention to itself. “That frequency of benign changes is the camouflage necessary for strategic changes,” deHaan says. “It means there’s a big enough pool to hide in.”

So it’s not too surprising, then, that companies appear to do just that. The data shows that earnings reported after hours and on busy days — as well as on Fridays, interestingly—are significantly worse (relative to consensus forecasts) than at other times. “Obviously we can’t know what a firm’s intention was in any specific case,” deHaan says, but in aggregate, “it seems that managers do try to hide bad news by announcing it in periods of low attention.”

And it works the other way, too. “Our results also indicate that firms that beat expectations are trying to highlight their good news by moving to days when there’s higher attention,” deHaan says. “It’s two sides of the same coin.”

Mixed motives

Skeptics have questioned what companies would have to gain by all this. After all, they point out, if stock markets are predictably slow to assimilate new information, a smart trader could anticipate the lag and arbitrage the difference away. And even if prices do adjust more gradually at times — an observed phenomenon, actually, known as price drift—any benefit in higher valuation is surely temporary. In the long run, it’s a wash.

DeHaan readily admits all this; indeed, he says, that’s one of the problems with studies that focus on price response as a proxy for attention. “The fact is, managers care about a lot of other things, too,” like their own public image and the reputation of the firm vis-à-vis business partners or skilled labor markets. For this stuff, media reports have intrinsic value (positive or negative), quite apart from their influence on the stock market — especially now that news articles live forever on the internet. “With bad news, even if you get a complete and instantaneous price response after hours, if there’s less media coverage, that’s still a plus.”

DeHaan also speculates that managers may use timing strategies to minimize stock volatility. “With the speed of information dissemination now, people are flash-trading on the headlines,” he says. “It takes time to read the press release, read the financials, and understand what the news really is; meanwhile, the stock is bouncing all over the place.” So if it’s possible to catch the market at a time when its metabolism is a little slower, smart companies will try to do so.

That may be why very few earnings announcements are made during trading hours—just 2% in 2011, down from 22% in 2000. (Most happen shortly before markets open or right after the closing bell.) The authors point to a telling incident in 2012: On Oct. 8, while Google was preparing to release a disappointing quarterly report after hours, the company’s financial printer mistakenly filed it in the middle of the day. The stock lost $22 billion in market value in mere minutes before trading was halted. Oops! Later, a fund manager said the fundamentals weren’t really that bad, but “in the middle of a trading day, people kind of shoot first and ask questions later.” (How wrong were those frantic sellers? Two years later, Google shares are up 65%.)

Finally, deHaan notes that whether or not a company gains the benefits it hopes for by strategically timing its disclosures, it usually has little to lose by trying. “It’s not very costly to move your announcements,” he says, “so even if you think that only maybe it’s going to work, you still do it.”

Just don’t try it on Friday. It turns out that merely scheduling an earnings announcement for that day will knock points off your stock, before you even release the information. And as the weekend beckons, you won’t make any friends among weary financial journalists either.


qz.com/300486/the-best-times-to-release-bad-earnings/