• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Bruce Kamich
    • Doug Kass
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Investing
  3. / Economic Data

Earnings Woodshed Was One Busy Place

Zillow and Yelp were winners this week, but Priceline, Tesla, TripAdvisor and several others disappointed and got whacked.
By JAY SOMANEY May 07, 2016 | 10:00 AM EDT
Stocks quotes in this article: Z, YELP, AAPL, PCLN, TSLA

Another week in the books and another week of wild action capped off with our weaker-than-expected jobs data on Friday morning. I think the Fed will find raising rates even once a tough task, let alone twice or more this year. In addition, the jobless data on Friday probably has taken a June rate hike off the table as well, no matter what the Fed heads say between now and the June meeting.

On the earnings front last week, Zillow (Z) was a pleasant surprise on Tuesday after the close, though the troika of Priceline (PCLN), Tesla (TSLA) and TripAdvisor (TRIP) all dropped the ball on Wednesday. Yelp (YELP) was the lone winner on Thursday, with the likes of Tableau Software (DATA), FireEye (FEYE), GoPro (GPRO) and Square (SQ) all getting whacked as far as earnings went for last week.

Of course, Apple (AAPL) continued its losing ways despite a nice Tuesday after CEO Tim Cook appeared on Jim's "Mad Money" show Monday night.  Apple closed the week at almost a two-year low, which is not a surprise to me given the consistent lack of true innovation except for stuff such as color, thickness, smaller, bigger, fatter, thinner, faster, more pixels and so on. I mean, come on, the best earbuds in the world? Will that make you run out and upgrade your iPhone? Cest la vie, mes amis.

We are almost done with earnings season but have a few techland stragglers still to go, beginning with JD.com (JD) on Monday morning, Rackspace (RAX) and SolarCity (SCTY) on Monday afternoon and Electronic Arts (EA) on Tuesday after the closing bell.

Regarding domestic economic data, we will have the usual plethora of stuff, but the biggies are NFIB Business Optimism on Tuesday, jobless claims on Thursday, and retail sales and producer price index (PPI) data on Friday.

On the international economic data front, the biggies are China consumer price index (CPI) and PPI on Monday, and German and eurozone GDP on Friday.

So, last week a drone crashed into a couple's home in the Capitol Hill neighborhood of Seattle and the local police booked the drone into evidence and are seeking a warrant to view the footage and identify the owner. Can you imagine when drone delivery becomes commonplace? Think about drones from just the food delivery places zipping around your neighborhood, to say nothing about drones from the likes of Wal-Mart (WMT) and Amazon (AMZN). Talk about all our canine kids going absolutely bonkers every time a drone lands on your front yard. Noise pollution, anyone?

Finally, are you as happy as I am to see the end of this earnings season? However, all said and done, it turned out to be just as I had predicted at the onset, which is companies that report beats and guide well will do very well and those that do not will get taken to the woodshed. Of course, I didn't quite expect so many trips to the woodshed, that's for sure.

With that, I wish each and every one of you a safe and joyful weekend with your loved ones.

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

At the time of publication, Jay Somaney was long AAPL, PCLN and TSLA and had long and short options on all three, plus was long TRIP puts.

TAGS: Investing | U.S. Equity | Economic Data | Stocks

More from Economic Data

I'm Mostly Neutral Toward the Markets, But I've Got to Tell You, I Like Munis!

Peter Tchir
May 23, 2022 10:00 AM EDT

Municipal bonds are cheap by almost any measure and they are an asset class that seems oversold at this point.

Now It's All One Big Macro Trade

Maleeha Bengali
May 19, 2022 9:00 AM EDT

The liquidity that pushed up all risky assets is now the leading factor in taking them down.

Trading These Markets, April Data, Fed Speak, AMD Moves

Stephen Guilfoyle
May 18, 2022 7:33 AM EDT

There's no doubt that the Fed Chair was about as hawkish as we have ever heard him, but his crew seemed to try to temper that hawkish posture.

Inflation Is Killing the Consumer

Bret Jensen
May 16, 2022 12:00 PM EDT

It doesn't take much imagination to see how the average consumer is falling behind and losing substantial buying power.

Worries About a Potential Recession Are Building

James "Rev Shark" DePorre
May 16, 2022 7:39 AM EDT

For now, this is a bear market, and strength cannot be trusted.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 02:24 PM EDT PAUL PRICE

    An Interesting Chart

    I'm betting heavily that stocks will be way up aga...
  • 10:10 AM EDT JAMES "REV SHARK" DEPORRE

    This Weekend on Real Money

    "Market Timing for Dummies"
  • 01:44 PM EDT STEPHEN GUILFOYLE

    Stocks Under $10 Portfolio

    We're making a series of trades here.
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2022 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login