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Howard Marks

Howard Marks: What Does the Market Know?

Howard Marks: What Does the Market Know? My buddy Sandy was an airline pilot.  When asked to describe his job, he always answers, “hours of boredom punctuated by moments of terror.”  The same can be true for investment managers, for […]

IBM Beats Earnings Estimates, AMD’s Losses In Line

IBM Beats Earnings Estimates, AMD’s Losses In Line

International Business Machines and Advanced Micro Devices released their latest earnings reports after closing bell tonight. IBM posted non-GAAP earnings of $4.84 per share and revenue of $22.06 billion. Analysts had been expecting earnings of $4.81 per share and $22.04 […]

Ocado Rises on Amazon Report As Shorts Get Squeezed

Ocado Rises on Amazon Report As Shorts Get Squeezed

The surprise report in the U.K. Daily Mail that British online supermarket conglomerate Ocado Group was a potential acquisition target of Amazon.com sent shares of the stock sharply higher in Europe Monday and Tuesday, but finding gravity late in the day. […]

Netflix Smashes Earnings Estimate, Misses Sales

Netflix released its fourth quarter earnings report after closing bell tonight, posting earnings of 10 cents per share, adjusted earnings of 7 cents and revenue of $1.82 billion. Analysts had been expecting earnings of 2 cents per share and revenue […]