Have You Read “Can We Get A Ninth Please?” (Vista Partners Weekly Market Update for Nov. 4)

All three major indices ended the week at record highs as we saw large-cap stocks move up higher for the eighth straight week. Will we get a ninth straight week of higher movement from the large-caps? Of course, it would surely be welcome and note that there does not seem to be too much in the way.  The balance of the current earnings report season is starting to slow down and is anticipated to continue to confirm the growth that we have been seeing from others. The Q3 growth reports have also generally been coupled with the confirmation of full-year results being on track and/or with upwards guidance by many leaders like tech giant Apple (AAPL) which is flirting with $1 Trillion Market Valuation. We have also realized this current upward movement in the face of the Fed staying pat on Wednesday leaving interest rates at the target rate at 1.00%-1.25% while confirming that the balance-sheet normalization program was initiated, and we are on track for a raise in December. It’s also seen a nomination of a new Federal Reserve chair that is perceived to be a market positive move by many because of Jerome Powell’s previous centralist position & the publishing of a new tax plan out of the House of Representatives. It has also moved up in the face of a Friday report that confirmed that the economy added 261,000 jobs (less than expected) in October, but the unemployment rate fell to 4.1%. Again, can we possibly see a ninth straight upward week? My fingers are crossed and I am generally feeling that there is a good chance that we realize this feat. I look forward to your insights and comments and have a wonderful weekend.

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Health Insurance Innovations (HIIQ) Jumps +11.11% Today Post Q3 Beat -See Earnings Call Transcript

Post releasing Q3 numbers that exceeded expectations and where HIIQ raised full year guidance, Gavin Southwell, HIIQ’s Chief Executive Officer and President stated, “We are pleased to continue to deliver record results, which exceeded our revenue and profitability targets, reflecting the strength of our business and the successful execution of our strategy. We believe we are well positioned to continue to succeed and grow in the dynamic individual health insurance marketplace through our differentiated services. We are confident that we can deliver strong results and shareholder value through our successful expansion of innovative products, expansion of our distribution networks – including existing and new distributors, driving revenue growth and margins.”

HIIQ shares jumped +11.11% today closing at $22.50.

To learn more about HIIQ and track its progress please visit the Vista Partners Company Dedicated Coverage Page.

Edited Transcript of HIIQ earnings conference call or presentation 2-Nov-17 12:30pm GMT

Q3 2017 Health Insurance Innovations Inc Earnings Call..

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World’s Largest Plane Maker Boeing (NYSE:BA) Producing 1.5M+ Manufacturing Jobs in America?

Dennis Muilenburg, chairman and CEO of the world’s largest plane maker, Boeing (NYSE: BA) stated, “When you think about our 13,000 small and medium businesses in America that are part of our supply chain and that’s more than 1.5 million manufacturing jobs. So it’s a significant job generator. Every airplane sale overseas generates U.S. jobs. We have 90% of our jobs here in the U.S. and about 80% of what we build is exported. So it’s a great U.S. jobs manufacturing story.”

To learn more about Boeing (NYSE: BA) and tracks its progress please visit the Vista Partners  Company Dedicated Boeing Coverage Page.

Boeing generates over 1.5M US manufacturing jobs

Dennis Muilenburg, chairman and CEO of Boeing – the world’s largest plane maker – told FOX Business that U.S. suppliers have created more than 1.5 million manufacturing jobs in America…

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Apple Shares Surge Post Reporting Quarter Beat- Heading Toward $1T Valuation?

Apple (AAPL) announced financial results for its fiscal 2017 Q4 ended September 30, 2017. The Company posted quarterly revenue of $52.6B, an increase of 12% from the year-ago quarter, and quarterly earnings per diluted share of $2.07, up 24%. International sales accounted for 62% of the quarter’s revenue.

Apple also provided the following guidance for its fiscal 2018 first quarter:

  • revenue between $84 billion and $87 billion
  • gross margin between 38 percent and 38.5 percent
 operating expenses between $7.65 billion and $7.75 billion
  • other income/(expense) of $600 million
 tax rate of 25.5 percent

Tim Cook, Apple’s CEO stated, “We’re happy to report a very strong finish to a great fiscal 2017, with record fourth quarter revenue, year-over-year growth for all our product categories, and our best quarter ever for Services. With fantastic new products including iPhone 8 and iPhone 8 Plus, Apple Watch Series 3, and Apple TV 4K joining our product lineup, we’re looking forward to a great holiday season, and with the launch of iPhone X getting underway right now, we couldn’t be more excited as we begin to deliver our vision for the future with this stunning device.”

Apple’s board of directors has declared a cash dividend of $0.63 per share of the Company’s common stock. The dividend is payable on November 16, 2017 to shareholders of record as of the close of business on November 13, 2017.

AAPL shares closed up today $168.11 up +1.22% with a market cap of $868.33B. It would seem that the company may be on track to hit $1T in valuation if they are able to continue their current pace or manage to achieve even greater growth.

To learn more about Apple (AAPL) and to track its progress please visit the Vista Partners Company Dedicated AAPL Coverage Page.

Apple Reports Fourth Quarter Results

Apple® today announced financial results for its fiscal 2017 fourth quarter ended September 30, 2017. The Company posted quarterly revenue of $52.6 billion, an increase of 12 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.07, up 24 percent…

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Bitcoin Climbs Above New Record of $7000

The cryptocurrency Bitcoin hit $7,066.44 on the Luxembourg-based Bitstamp exchange on Thursday achieving a new all-time high according to Reuters. The story also added that this latest move was on the back of the news that the world’s largest derivatives exchange operator CME Group (CME.O) is reportedly launching bitcoin futures.

Bitcoin rockets above $7,000 for the first time

Digital currency bitcoin took another leap higher on Thursday, rocketing above $7,000 for the first time after a more than tenfold increase in its value over the past year. Credit Suisse (CSGN.S) Chief Executive Tidjane Thiam expressed caution about the booming cryptocurrency, saying the current interest..

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Asian Markets Spiked Post Fed Decision But Settled

Asian market shares moved up post the Fed’s decision to not raise rates Wednesday, confirm economic growth and virtually assure a December raise hike that is widely suggested and expected.

  • MSCI hit its highest levels since November 2007 but closed just above.
  • Australian shares reached a 2.5 year high but reversed gains to close down 0.1%.
  • China’s CSI300 index was down 0.2%.
  • Shanghai Composite Index decline 0.4%.
  • Japan’s Nikkei stock index (.N225) finished up 0.5% at its highest close since June 1996.

Global stocks edge up after U.S. tax plan, Powell nomination; sterling drops

World stock markets edged higher on Thursday, with Wall Street up slightly and the U.S. dollar modestly weaker after details of a Republican tax plan were released and the nomination of Jerome Powell as the new head of the Federal Reserve. “Everyone knows it is a long shot, there is not a bunch..

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Cloud Solutions Provider Fusion (FSNN) Q3 2017 Financial Results Conference Call for Monday, Nov. 13

Fusion (FSNN), is a leading provider of integrated cloud solutions to small, medium and large businesses.  Fusion’s advanced, proprietary cloud services platform enables the integration of leading-edge solutions in the cloud, including cloud communications, contact center, cloud connectivity, and cloud computing. Fusion’s innovative cloud solutions lower their customers’ cost of ownership and deliver new levels of security, flexibility, scalability, and speed of deployment.

Fusion CEO Matthew Rosen and CFO Michael Bauer will host a conference call, followed by a question and answer period on Monday, November 13, 2017 at 4:30 p.m. ET to discuss its results for the third quarter ended September 30, 2017.

To access the call in US dial 1-888-857-6932 or if calling International the dial-in number is  1-913-312-1473. The Conference ID is 2969072.

Fusion Sets Third Quarter 2017 Financial Results Conference Call for Monday, November 13, 2017 at 4:30 p.m. ET

Fusion , a leading provider of cloud services, will hold a conference call on Monday, November 13, 2017 at 4:30 p.m. Eastern time to discuss its results for the third quarter ended September 30, 2017. …..

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Health Insurance Innovations (HIIQ) Reports Record Q3 & Increases 2017 Full Year Guidance

Health Insurance Innovations, Inc. (NasdaqGM: HIIQ), a leading developer, distributor, and cloud-based administrator of affordable health insurance and supplemental plans announced financial results with record revenues for the third quarter ended September 30, 2017,  post the close Wednesday, November 1. HIIQ reported that third-quarter revenues came in at $63.3 million an increase of 37.4%, compared to the third quarter of 2016 and was driven primarily by an increase in policies in force. Further, a sales mix shift to more Health Benefit Plans and favorable carrier negotiations have decreased risk premiums. HIIQ reported Diluted Earnings per Share of $0.30, up 20% YOY, Adjusted Earnings per Share of $0.46, up 39% YOY, & Policies in Force totaled approximately 347,900, up 38% YOY. Cash and cash equivalents totaled $43.1 million at September 30, 2017, an increase of $30.8 million from December 31, 2016 and an increase of $15.5 million sequentially.

HIIQ further reported that given the record financial performance and long-term prospects, the Company is increasing its guidance for the full year 2017. The Company expects revenue to grow 27% to 30% year-over-year (with expected revenue of $235 million to $240 million), adjusted EBITDA to grow 48% to 58% year-over-year (with expected adjusted EBITDA of $41 million to $44 million) and adjusted EPS to grow 34% to 43% (with expected adjusted EPS of $1.50 to $1.60). The Company previously guided to full-year revenue of $225 million to $230 million, adjusted EBITDA of $39 million to $42 million and adjusted EPS of $1.45 to $1.55.

HIIQ further reported that given the record financial performance and long-term prospects, the Company is increasing its guidance for the full year 2017. The Company expects revenue to grow 27% to 30% year-over-year (with expected revenue of $235 million to $240 million), adjusted EBITDA to grow 48% to 58% year-over-year (with expected adjusted EBITDA of $41 million to $44 million) and adjusted EPS to grow 34% to 43% (with expected adjusted EPS of $1.50 to $1.60). The Company previously guided to full-year revenue of $225 million to $230 million, adjusted EBITDA of $39 million to $42 million and adjusted EPS of $1.45 to $1.55.

Gavin Southwell, HIIQ’s Chief Executive Officer, and President stated, “We are pleased to continue to deliver record results, which exceeded our revenue and profitability targets, reflecting the strength of our business and the successful execution of our strategy. We believe we are well positioned to continue to succeed and grow in the dynamic individual health insurance marketplace through our differentiated services. We are confident that we can deliver strong results and shareholder value through our successful expansion of innovative products, expansion of our distribution networks – including existing and new distributors, driving revenue growth and margins.”
The Company will host an earnings conference call on November 2, 2017 at 8:30 A.M. Eastern time.  All interested parties can join the call by dialing (877) 407-9039 or (201) 689-8470; the conference ID is 13672449.  A webcast of the call may be accessed in the Investor Relations section of Health Insurance Innovations’ website at http://investor.hiiquote.com/events.cfm. An archive of the call will be available for 30 days through the same website.

To learn more about Health Insurance Innovations, Inc. (NasdaqGM: HIIQ) and to track its progress please visit the Vista Partners Company Dedicated Coverage Page.

Health Insurance Innovations, Inc. Reports Record Third Quarter 2017 Financial and Operating Results

Increases 2017 Full Year Guidance Record Revenues of $63.3 million, up 37% YOY Diluted Earnings per Share of $0.30, up 20% YOY Adjusted Earnings per Share of $0.46, up 39% YOY Policies in Force totaled …..

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The Travelers Companies (TRV) Reported Q3 Delivered Core Income of $253M & Core ROE of 4.5%

Alan Schnitzer, Chairman and Chief Executive Officer of Dow 30 component The Travelers Companies, Inc. (NYSE: TRV) stated post reporting Q3 2017 results, “In a quarter of unprecedented hurricane activity, our strength in underwriting and our investment expertise enabled us to deliver core income of $253 million and core return on equity of 4.5%. Our disciplined coastal underwriting stood up to the storms, and we also delivered a consolidated underlying combined ratio of 92.8%, with all three segments contributing to the solid result. The results in Business Insurance benefited from higher earned premiums and lower general and administrative expenses, while Bond & Specialty Insurance delivered another quarter of impressive profitability. Within Personal Insurance, the underlying combined ratio in auto improved, reflecting the continued successful execution of pricing and underwriting actions we began implementing a year ago. Our high-quality investment portfolio continued to perform well, benefiting from strong private equity returns. Additionally, we were able to return $528 million to shareholders in the quarter, including $328 million in share repurchases. We also continue to be pleased with the execution of our marketplace strategies, which resulted in record net written premiums of $6.7 billion this quarter, a 4% increase over the prior-year quarter. In our commercial businesses, retention remained at historic highs, renewal premium change remained positive and consistent with recent periods and the level of new business increased. In Personal auto, renewal premium change reached double digits in September, consistent with our plans to improve profitability, and we maintained the positive momentum in our homeowners business with 5% growth in policies in force quarter-over-quarter. In the wake of the many devastating events this quarter, our thoughts and prayers are with all who have been impacted. We also extend our deep gratitude to our claim professionals, who tirelessly demonstrate to our customers and agents the value of the Travelers promise.”

To learn more about The Travelers Companies, Inc. (TRV) and to track its progress please visit the Vista Partners Company Dedicated TRV Coverage Page.

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Social Media Network Giant Facebook (FB) Q3 Revenues & Profits Surge

Facebook (FB), the social media network giant reported Q3 results Wednesday, November 1. Q3 profit surged a whopping 79% and revenues were up almost 50% seeing marketers increasingly spending money to initiate advertising offerings.

Facebook profit soars, with no sign of impact from Russia scandal

The social network said its quarterly profit soared 79 percent and revenues were up nearly 50 percent in the third quarter as marketers poured money into Facebook’s advertising offerings, whose power to target and influence users has actually been showcased by the election scandal. Chief Executive..

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