CSX beat Q3 EPS estimates while missing revenues yet again.
The company remains on pace for negative trends despite help from lower share counts.
The recent rally in the stock already prices in any potential upside from higher earnings in 2017.
After the close, CSX (NYSE:CSX)reported the traditional earnings beat and revenue miss. The railroad operator has a history of strong operations even despite the multi-year headwinds in the macroeconomic and specifically the energy sector.
Yum Brands recently announced a huge increase to the capital return plan.
The details of the stock repurchase plan are highly misleading considering the purchases of stock prior to the split of the Yum China business.
Once the split takes place, yield investors can better evaluate the deal offered to investors.
In the midst of plans to split the China business into a separate company, Yum Brands (NYSE:YUM) plans massive capital returns to shareholders. Unlike other typical large-scale capital return plans, the stock actually trades near all-time highs.
Twilio proposed a secondary offering of $400 million led primarily by selling shareholders.
The valuation of the company is now $6 billion based on the fully diluted share count while revenue expectations are only $255 million.
Investors should not buy from insiders dumping shares at inflated valuations.
After the close on a Friday, Twilio (NYSE:TWLO) snuck out a proposed secondary despite only completing an IPO about four months ago. The communications software provider has seen the stock rocket since going public.
Twitter is down 20% as bidders disappear from making premium bids for the social media service.
The company has plenty of catalysts with live-streaming deals and the emergence of generous video ad revenue sharing with content creators.
The dip below $20 provide opportunity as either the video catalyst will launch Twitter back into growth mode or the company will accept likely bids in the mid-$20 range.
Twitter (NYSE:TWTR) is in freefall today as the market comes to the realization that a deal isn't imminent. Despite constant media rumors, the company never really signaled that the social media site was for sale and definitely not at prices anybody would pay.