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Earnings highlights: Coach, Corning, Goodyear, Visa, Waste Management ...

Here are some highlights from last week's earnings coverage from BloggingStocks:

Continue reading Earnings highlights: Coach, Corning, Goodyear, Visa, Waste Management ...

TASER International sags as Q2 gross margins disappoint

Shares of TASER International (NASDAQ: TASR) are trading lower today as investors react to the company's second-quarter earnings report. The stun-gun issue reported a narrowed quarterly loss of $723,403, or a penny per share, compared to its year-ago loss of 3 cents per share.

Revenue for the period increased 3.5% to $21.8 million, though gross margin fell to 62.9% from 64.5%. Research and development expenses jumped 45% during the quarter as TASER poured more cash into new products, including its recently launched X3 device.

Continue reading TASER International sags as Q2 gross margins disappoint

Deadly sin stock #2: TASER Intl. (TASR)

Deadly sin stock #2: TASER International (TASR)One stock that deals with those in a wrathful mood is TASER International (NASDAQ: TASR). The company makes a product that will ring the wrath right out of you. In fact, its product is at the frontline of civil obedience and is now used by police squads around the country to defend us from those wrathful criminals.

Shares of TASR used to fly high. Not so much anymore as the stock trades at just under $5 per share. That said, the company is a leader in the field of non-lethal methods of compliance and will ride high again. I rate TASR a buy. Get more cheap stock picks here.

Next: Deadly sin stock #3

See all 7 deadly sin stocks.

7 stocks for 7 deadly sins

7 stocks for 7 deadly sinsJust for fun, I thought I'd find a stock that loosely symbolizes each of the 7 Deadly Sins -- greed, wrath, envy, pride, lust, sloth and gluttony -- to see how it fares against my momentum criteria.

Now, I'm not saying any of these companies are bad or evil. And I don't know whether our new climate of parsimony means the "greed is good" era of the 1980s is dead. What I do know is which stocks are in a position to profit today and which aren't.

Here's a fun look at some stocks that symbolize the 7 Deadly Sins and how I expect them to perform.

Continue reading 7 stocks for 7 deadly sins

Stocks in the news: C, BAC, TGT, CPB, S, RIMM, AAPL, TASR, SPWRA, NYT (update)

Citigroup Inc. (NYSE: C) is getting a $20 billion government injection as part of a rescue package that also includes $306 billion of U.S. government guarantees for troubled mortgages and toxic assets to stabilize the bank. Citi will issue $7 billion in preferred stock with an 8% dividend, but is barred from paying quarterly dividend to shareholders of more than 1 cents for three years. The government will also be in the charge of executive compensation. Seems the government is learning a thing or two as it goes... Citi's shares, which lost 60% of their value last week, 87% this year, jumped 56.50% in pre-open trade (7:49 am). Citi shares popped 59% by 11:50 am.

Bank of America Corp. (NYSE: BAC) added nearly 7% in pre-open trade (7:49 am) on Citi's news. BAC shares soared 20.5% by 11:50 am. Other financials gained as well: JPM +13.3%, WFC +13.8%, MS +34.7%.

Campbell Soup Co. (NYSE: CPB) - usually one of the stocks touted as being more defensive -- is scheduled to report earnings this morning. CPB shares declined 6.3% by 11:50 am after reporting slower revenue growth.

Sprint Nextel Corp. (NYSE: S) -- after its shares jumped nearly 25% Friday, Barclays Capital cut its price target on Sprint's shares from $10 to $5 and said the possibility of a turnaround at the U.S. mobile service provider anytime soon was remote. S shares jumped another 19.3% by 11:53 am.

Continue reading Stocks in the news: C, BAC, TGT, CPB, S, RIMM, AAPL, TASR, SPWRA, NYT (update)

Newspaper wrap-up: Yahoo! reportedly plans reorganization

MAJOR PAPERS:
  • The Wall Street Journal reported that, in an attempt to move past its takeover battle with Microsoft Corporation (NASDAQ: MSFT), Yahoo! Inc (NASDAQ: YHOO) is planning a reorganization. People familiar with the matter said executives are discussing a plan to centralize numerous product groups into a global-product organization. Details may be announced next week.
  • The Wall Street Journal also reported that an internal feud at Live Nation Inc (NYSE: LYV) over strategy may soon be resolved, as the concert promoter is reportedly negotiating the exit of chairman Michael Cohl.
OTHER PAPERS:
  • A recommendation by an Australian commission to open Rio Tinto Group's (NYSE: RTP) Pilbara railway to third parties could cost $30B if the idea is implemented, Rio contended and the Australian reported. The National Competition Commission, which advises Australian governments on infrastructure issues, has suggested that Fortescue Metals Group be given access to certain rail lines operated by Rio Tinto.
WEB SITES:
  • A joint investigation by CBC News and the Canadian Press found one-third of people shot by Taser International Inc's (NASDAQ: TASR) Tasers reportedly required some medical attention, Engadget reported.
  • TechCrunch confirmed that Joshua Schachter, the founder of delicious, will resign from Yahoo!. Sources believe the near-stalled development of the new version of delicious may have played a part in his resignation.

Closing Bell: US auto industry to the rescue, really

Today's good news really came from issues outside of economic numbers. Many are starting to think the end of the rate cut cycle is near because of inflation concerns, and even oil saw a nice drop of over $2.00 per barrel today. The Labor Department showed weekly jobless claims for unemployment benefits declined by 33,000 last week to 342,000, and that was slightly better than expectations. The Commerce Department gave really bad news though, as new home sales fell by 8.5% in March to an annual rate of 526,000 houses, the worst in more than fifteen years. Median home prices slid more than in almost 40 years. Below are the unofficial closing levels:
  • DJIA 12,843.09 (+79.87; +0.6%)
  • S&P500 1,388.58 ((+8.65, +0.6%))
  • NASDAQ 2,428.92 (+23.71; +0.99%)
  • 10YR-TBond 3.827% (+0.097%)
  • 52-WEEK LOWS
Apple, Inc. (NASDAQ: AAPL) managed to climb up after opening soft as many noted there wasn't much sizzle to its guidance the stock after it blew past earnings yesterday. That didn't last and shares rose by more than 4% to $169.60 in the last minutes of the day.

Continue reading Closing Bell: US auto industry to the rescue, really

Earnings highlights: Coca-Cola, Deere, Abercrombie, Baidu, Playboy, Taser and others

Here are a few highlights of this past week's earnings coverage from BloggingStocks:

Upcoming results to watch for include Wal-Mart (NYSE: WMT), Hewlett-Packard (NYSE: HPQ), OfficeMax (NYSE: OMX), Whole Foods (NASDAQ: WFMI), MGM Mirage (NYSE: MGM), JCPenney (NYSE: JCP), and Safeway (NYSE: SWY).

Visit AOL Money & Finance for more earnings coverage.

Before the bell: MAR, UBS, BA, TASR, LIZ, BAX, HPQ

Marriott International Inc. (NYSE: MAR) fourth quarter earnings fell 20% to $176 million or 46 cents per share, as it took a hit from the closure of its business making cleaner burning coal for tax credits. The company posted revenue of $4.1 billion. Excluding the loss from the discontinued operations, Marriott says it earned $236 million, or 62 cents per share, beating the 62 cents expected by analysts.

UBS AG (NYSE: UBS) on Thursday posted a fourth-quarter net loss -- the first since 1997 -- of $11.28 billion, and a loss for the entire year, due to investments in U.S. subprime mortgages. It said it expected more problems in 2008. The results were inline with previous guidance. UBS shares are down some 5.75% in premarket trading.

Boeing Co. (NYSE: BA) said Thursday it created a joint venture to be formed by June with Tata Industries Ltd. to make more than $500 million in aerospace components.

Taser International Inc. (NASDAQ: TASR) reported that fourth-quarter earnings doubled, reaching $4.7 million, or 7 cents a share, on 61% higher revenue. Sales rose to $31 million. Analysts polled by Thomson Financial expected a profit of 7 cents per share on $29 million of sales.

Continue reading Before the bell: MAR, UBS, BA, TASR, LIZ, BAX, HPQ

What's playing on your Taser MP3 holster? 'Shock the Monkey'?

News out of TASER International Inc. (NASDAQ: TASR) has been ... how shall I put it ... somewhat odd as of late.

First, a few days ago, we heard of Taser Parties. Indeed, like Tupperware Parties, Taser Parties have women gather in someone's home. They get a demo of the recent TASER C2 and even try it out for themselves (on targets, not each other). While this isn't exactly a TASER official marketing strategy, rather a saleswoman's vision, it may not be a stretch to see the stun gun maker endorsing this as one sales tactic out of many.

In fact, TASER has already adopted the concept for its booth at this year's Consumer Electronics Show, where Taser Parties were held. TASER didn't just throw "parties" at CES, but brought Playboy Playmates to ... ahem ... sign autographs.

But wait, that's not all in the odd tidbits realm. At CES, TASER also showcased designer colors for the TASER C2 in addition to the classic black model: fire-engine red, blue, silver or pink. Pink, by the way, in some sort of a "girl power" thing is actually the company's biggest seller. The company also unveiled a new Taser holster in leopard print with a built-in 1 GB MP3 player (preloaded with songs from AC/DC, Shock G, Lightning Bolt and S.T.U.N. ... not really). The reason for the MP3 player, you may ask? "You're more likely to carry it, and it will be there when you need it," VP of communications Steve Tuttle said. How's that for marketing?

Continue reading What's playing on your Taser MP3 holster? 'Shock the Monkey'?

Is it any surprise that consumer sentiment is the worst in two years?

Shopping mallConsumer sentiment fell to its lowest level in two years in November, according to the Reuters/University of Michigan Surveys of Consumers.

The figure was 76.1, above the 75 expected by economists but below October's 80.9 level, according to a Reuters report. What a shock.

This holiday season, many consumers aren't feeling that thankful for the worst housing market in 16 years -- according to the National Association of Realtors, housing prices fell in one-third of U.S. cities. Gas prices reaching $4 per gallon is further spooking people already nervous about the volatile stock market and the weak dollar. Oh, let's not forget about the prospect of $100 oil.

"We're facing extreme price increases in energy, and it's clear the consumer is becoming more aware of the pressures being put on them,'' Lindsey Piegza, an analyst at FTN Financial, told Bloomberg News. "I don't expect a collapse in spending, but it will be very weak for the holidays.''

Continue reading Is it any surprise that consumer sentiment is the worst in two years?

Story stocks or fairy tales?, beware hidden mortgage fees & top givers of 2007 - Today in Money 11/19

In the News:

Story Stocks or Fairy Tales?
Some companies' growth potential causes investors to go weak in the knees, as they did for Crocs. Here are some signs of a hot prospect that's headed for an unhappy ending. As investors look for the next Google or Apple they look to story stocks like Crocs along with Jones Soda, First Solar, Krispy Kreme, Taser, Sirius & XM, Under Armour and more in hopes of making a killing in the stock market.
Story Stocks or Fairy Tales?
Also: Are These 11 Stocks 'The Next Big Thing'?


Hidden Mortgage Fees

As foreclosures continue to plague the subprime market, a little-known industry practice is further hurting homeowners who are already having trouble keeping up with their ballooning mortgage payments: excessive and questionable fees.
Struggling Homeowners Faced With Hidden Mortgage Fees | SmartMoney.com


The Greatest Givers

BusinessWeek's fifth annual ranking of the top U.S. philantropists include 16 people who gave over $100 million this year. The top giver this year is billionaire investor Warren Buffett who has committed $31 billion to the Bill & Melinda Gates Foundation.
The Greatest Givers
In Pictures: 50 Most Generous Philanthropists
Also: Philanthropy Hall of Fame which includes Paul Newman, Bob Geldof, Bono, Oprah, Jimmy Carter, Lance Armstrong and more.


Continue reading Story stocks or fairy tales?, beware hidden mortgage fees & top givers of 2007 - Today in Money 11/19

Option update 10-4-07: YUM! Brands (YUM) implied volatility suggests flat EPS risk

YUM! Brands (NYSE: YUM) implied volatility suggests flat earnings per share (EPS) risk:


YUM will report EPS after the close on October 8th. CIBC says "YUM's solid global portfolio leaves it on-track to meet annual guidance. We also look for a div and potential buyback increase in 2H07." YUM July option implied volatility of 34 is above its 26-week average of 27 and below a level prior to its previous EPS release in July according to Track Data, suggesting flat near term EPS risk.

Taser (NASDAQ: TASR) 81cents to $17.39 on more unconfirmed rumors of contracts wins:

Recent unconfirmed chatter is circulating about a French government win. TASR October option implied volatility of 64 is above its 26-week average of 55 according to Track Data, suggesting larger risk.

Daily options update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

Analyst upgrades 8-30-07: ATE, BIG, MOT and TASR

MOST NOTEWORTHY: Taser Int'l (TASR), Motorola (MOT), Advantest (ATE), STMicroelectronics (STM) and Joy Global (JOYG) were today's noteworthy upgrades:
  • Merriman upgraded shares of Taser Int'l (NASDAQ: TASR) to Buy from Hold on valuation following the 25% decline in price since late July, accelerating law enforcement demand and upside potential from the recently launched personal TASER C2.
  • Lehman upgraded shares of Motorola (NYSE: MOT) to Overweight from Equal Weight as they believe increased production and opex progress in Q3 could signal a turnaround at the company's phone unit.
  • Jefferies upgraded Advantest (NYSE: ATE) to Hold from Underperform on valuation.
  • STMicroelectronics (NYSE: STM) was upgraded to Market Perform from Underperform on valuation at Bernstein.
  • Stifel upgraded shares of Joy Global (NASDAQ: JOYG) to Buy from Hold following the in line Q3 report as they believe bad news is reflected in valuation...
OTHER UPGRADES:
  • Idacorp (NYSE: IDA) was upgraded to Market Perform from Under Perform at Wachovia.
  • Wedbush raised Big Lots (NYSE: BIG) to Buy from Hold, with a $35 target, and DSW Inc. (NYSE: DSW) to Hold from Sell, with a $29 target.
  • LabCorp (NYSE: LH) was upgraded to Outperform from Neutral at Cowen.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Before the bell: YHOO, AAPL, GE, GM, SHLD

Before the bell: Futures decline ahead of GDP data, investors uncertain about Fed

Yahoo Inc's (NASDAQ: YHOO) top sales executive, Gregory Coleman, is leaving the company in the latest reorganization move by President Susan Decker. The reorganization is aimed to merge sales into a broader division working with customers and partners. paidContent.org got their hands on the internal memo President Decker sent out. Some interesting points there.

Apple Inc. (NASDAQ: AAPL) and Volkswagen AG are discussing the possibility of building an "iCar" that would feature products by Apple.

General Electric (NYSE: GE) said it is considering pulling out of the consumer lending business in Japan due to tighter regulation that has crimped profits. The matter isn't decided yet, though.

General Motors (NYSE: GM) of Canada will cut about 1,000 jobs, equivalent to one shift of production at a truck plant in Oshawa, Ontario, in January as pick-up sales continue to slump. The plant produces the Chevrolet Silverado and GMC Sierra pick-up trucks. The plant employs more than 3,000 workers.

Sears Holdings (NASDAQ: SHLD) posted a second-quarter profit that fell 40% from a year ago to $176 million, or $1.17 a share, but beat analyst forecast of $1.13 a share. The company blamed the profit fall on an increased level of discounting in the period. Revenue for the period declined to $12.2 billion. Same-store sales, declined 4.1% in the quarter -- fell 4.3% at Sears and dropped 3.8% at Kmart stores. SHLD shares are down 4.5% in premarket trading (8:12 a.m.).

Taser (NASDAQ: TASR) shares are up 2.94% in premarket trading (8:18 a.m.) after Merriman Curhan Ford upgraded the stock from Neutral to Buy.

Microsoft Corp. (NASDAQ: MSFT) yesterday said it will buy a small Chicago-based IM technology company.

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Symbol Lookup
IndexesChangePrice
DJIA+17.4610,023.42
NASDAQ+7.122,112.44
S&P 500+2.671,069.30

Last updated: November 08, 2009: 05:36 PM

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