Author: Gary Demarzo

  • Making Moves: Facebook Inc (NASDAQ:FB), Credit Acceptance Corp. (NASDAQ:CACC), Atmos Energy Corporation (NYSE:ATO), Bank of America Corporation (NYSE:BAC), Yamana Gold (NYSE:AUY)

    Facebook Inc (NASDAQ:FB) caters to the Technology space. It has a net profit margin of 28.30% and weekly performance is 5.03%. On the last day of trading company shares ended up at $107.10. Facebook Inc (NASDAQ:FB) distance from 50-day simple moving average (SMA50) is 0.86%.

    Facebook Inc.’s (NASDAQ:FB) Virtual Reality (VR) plans experienced a big push. The social-networking website announced of hiring three key researchers for its VR division. The company’s CEO Mark Zuckerberg has previously declared his support for VR and Oculus and plans to stick to it in the long run. The new hires have been brought over from Microsoft Corporation (NASDAQ:MSFT), where they were working in key research positions. They will work in the computational photography team at Facebook.

    Credit Acceptance Corp. (NASDAQ:CACC) ended the last trading day at $178.99. Company weekly volatility is calculated as 5.59% and price to cash ratio as 2836.30. Credit Acceptance Corp. (NASDAQ:CACC) showed a weekly performance of -5.34%.

    Credit Acceptance Corporation (NASDAQ: CACC) announced consolidated net income of $74.0 million, or $3.53 per diluted share, for the three months ended September 30, 2015 compared to consolidated net income of $74.0 million, or $3.38 per diluted share, for the same period in 2014. For the nine months ended September 30, 2015, consolidated net income was $219.7 million, or $10.49 per diluted share, compared to consolidated net income of $193.2 million, or $8.48 per diluted share, for the same period in 2014.

    On 06 November, Atmos Energy Corporation (NYSE:ATO) shares moved down -4.37% and was closed at $59.81. ATO EPS growth in last 5 year was 8.40%. Atmos Energy Corporation (NYSE:ATO) year to date (YTD) performance is 9.62%.

    Atmos Energy Corporation (NYSE: ATO) reported consolidated results for its 2015 fiscal year and fourth quarter ended September 30, 2015. Fiscal 2015 consolidated net income, excluding net unrealized margins, was $316.5 million, or $3.10 per diluted share, compared with consolidated net income of $284.0 million, or $2.90 per diluted share in the prior year, excluding net unrealized margins. Fiscal 2015 net income was $315.1 million, or $3.09 per diluted share, after including noncash, unrealized net losses of $1.5 million, or $(0.01) per diluted share. Net income was $289.8 million, or $2.96 per diluted share in the prior year, after including unrealized net gains of $5.8 million or $0.06 per diluted share.

    Bank of America Corporation (NYSE:BAC) shares moved up 3.70% in last trading session and ended the day at $17.95. And its has a return on assets of 0.70%. Bank of America Corporation (NYSE:BAC) quarterly performance is -0.18%.

    Bank of America Corp (NYSE:BAC) Chief Executive Brian Moynihan had earnings to report for the third quarter of this fiscal. Compared to the losses of the year ahead of, the CEO’s strict expense-cutting has absolutely contributed to the banks return to profitable ways in the third quarter. The bank had in the previous quarter launched a complete-fledged expense-cutting method. This incorporated slashing of the outlay in commercial lending. Many billions of dollars had been no budgeted for lending to commercial borrowers. The same austere measures had been adopted in investment banking as well as wealth management as well. Along with the fund rates remaining nearer to zero, the effect of sluggish development in Chinese economy as well contributed to the banks woes. In addition to, the bank was troubled by the dangers involved in the timing of the US rate hike as effectively. Hence, there was pressure on traders to make large bets.

    Yamana Gold, Inc. (NYSE:AUY) caters to the Basic Materials space. It has a net profit margin of -86.90% and weekly performance is -16.89%. On the last day of trading company shares ended up at $1.82. Yamana Gold, Inc. (NYSE:AUY) distance from 50-day simple moving average (SMA50) is -8.43%.

    Yamana Gold (NYSE: AUY) announces that it has entered into three metal purchase agreements with Sandstorm Gold Ltd (NYSE: SAND) (“Sandstorm”), for which Sandstorm has paid Yamana total advanced payments of $148 million and has issued the Company 15 million common share purchase warrants with a strike price of $3.50 and a term of five years (the “Transaction”). Sandstorm will also pay the Company an additional advanced payment of $4 million in six months. The metal purchase agreements include a silver purchase transaction related to production from Cerro Moro, Minera Florida and Chapada, a copper purchase transaction related to production from Chapada, and a gold purchase transaction related to production from Agua Rica. 100% of the advanced payment will be used by Yamana to reduce the balance outstanding on its revolving credit facility.