ADI posts
FeedPosted Aug 28th 2009 1:15PM by Steven Halpern (RSS feed)
Filed under: Newsletters, Stocks to Buy
Paul McWilliams is well-known for his in-depth and sophisticated analysis of tech stocks in his Next Inning newsletter.
In addition to corporate metrics, he places strong emphasis on superior management. Regarding integrated circuit manufacturer Analog Devices (NYSE: ADI), he notes, "CEO Jerald Fishman really knows how to run a company."
"The numbers posted by Analog Devices and the guidance provided for its fiscal fourth fiscal quarter of 2009 (ends October 2009) were both impressive. And, when taken together, exceeded my expectations.
"As I had expected, there was an inventory adjustment that resulted in a sequential decline in excess of 18% in its shipments to Chinese wireless infrastructure suppliers.
Continue reading Sharp management boosts Analog Devices (ADI)
Posted Aug 22nd 2009 12:10PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Hewlett-Packard (HPQ), Home Depot (HD), Target Corp. (TGT), Penney (J.C.) (JCP), Agilent Technologies (A), Sears Holdings (SHLD), Lowe's Cos (LOW), Limited Brands (LTD), Deere and Co (DE), salesforce.com inc (CRM), Trina Solar ADS (TSL)
Continue reading Earnings highlights: B&N, Deere, Heinz, Home Depot, HP, Sears, Target ...
Posted Jun 1st 2009 10:10AM by Jim Cramer (RSS feed)
Filed under: General Motors (GM), Market matters, Goldman Sachs Group (GS), SanDisk Corp (SNDK), Cramer on BloggingStocks
TheStreet.com's Jim Cramer says besides the basket plays, you can nibble at the parts suppliers like Taiwan Semi and SanDisk. The pain of coming in on a day like today is unfathomable. But get used to it. We have first of the month and Mutual Fund Monday and roaring Asian markets and worldwide stimulus. The money coming in over the transom seems to be accelerating as people sense that the
GM (NYSE:
GM) (
Cramer's Take) news is long in the stock market and there doesn't seem to be a crisis at hand that can stop us today. I say "today" because I am sure by the end of the day the higher-inflation/higher-taxes mob will have ginned up something to make the markets less appetizing than they seem.
But I think you shouldn't be so daunted about coming in here. Our markets are way behind so many others, including Europe -- that's probably a mistake at this point -- but most especially anything China.
Continue reading Cramer on BloggingStocks: Moving to China
Posted May 20th 2009 10:30AM by Laurie Pasternack (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Home Depot (HD), McDonald's (MCD), Netflix, Inc. (NFLX), Nokia Corp. (NOK), Colgate-Palmolive (CL), Procter and Gamble (PG), Lowe's Cos (LOW), BP p.l.c. ADS (BP), Analyst initiations
Analyst upgrades:
- Barclays believes Procter & Gamble's (NYSE: PG) portfolio mix provides better leverage to stabilizing macro trends. The firm upgraded shares to Overweight from Equal weight and raised its target to $60 from $56. Note the firm downgraded Colgate (NYSE: CL) to Equal Weight from Overweight.
- Deutsche Bank upgraded McDonald's (NYSE: MCD) to Buy from Hold as it finds the risk/reward on shares compelling at current levels and sees upcoming catalysts from McCafe and easing commodity pressures. The firm raised its target price to $65 from $60.
- FBR Capital upgraded Talbots (NYSE: TLB) to Outperform from Market Perform to reflect an attractive risk/reward, reduced risk of a bankruptcy, and merchandise improvements. The firm raised its target price to $4 from $2.
- Nokia (NYSE: NOK) was upgraded to Buy from Hold at Deutsche Bank.
- Analog Devices (NYSE: ADI) was upgraded to Neutral from Underperform at Baird.
Continue reading Analyst upgrades, downgrades and initiations: PG, MCD, TLB, CL, JTX, HD, IPCM, MYRG and NFLX
Posted Nov 23rd 2008 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Forecasts
The earnings season is beginning to wind down as we have passed the halfway mark of the quarter and the holiday season begins in earnest next week with Thanksgiving in the United States.
Bermuda-based Frontline Ltd. (NYSE: FRO) is anticipated by analysts surveyed by Thomson Reuters to be one of the biggest earnings gainers among companies scheduled to report quarterly results this coming week. The oil tanker fleet operator is expected to post third-quarter earnings of $1.97 per share, 86.8% higher than in the same period a year ago, on revenues of $399.5 million (+44.6%). Frontline missed estimates by 6.4% in the previous quarter, and the consensus recommendation by analysts is to hold FRO. While Motley Fool likes its robust dividend, Jim Cramer said in a recent Lightning Round that he prefers rival Nordic American Tanker Shipping Ltd. (NYSE: NAT). Shares have fallen 52.9% in the past three months, and reached a 52-week low of $25.00 on Friday.
Analog Devices Inc. (NYSE: ADI) is also expected to be among the week's biggest earnings gainers. Analysts are looking for the semiconductor chip maker to report a fiscal fourth-quarter profit of $0.44 per share, 31.8% higher than a year ago, on revenues of $661.7 million (+2.0%). Analog Devices has beat estimates in three of the past five quarters, but only missed by 1.3% in the previous quarter. Analysts on average recommend buying ADI, which has a forecast long-term EPS growth rate of 17.3%, which better than the S&P 500 and that of rival Texas Instruments Inc. (NYSE: TXN). Shares sank to a multiyear low of $16.23 on Friday, and are down 41.1% in the past three months.
Continue reading The week in preview: Holiday week earnings
Posted Nov 4th 2008 11:43AM by Eric Buscemi (RSS feed)
Filed under: Analyst upgrades and downgrades, Diageo plc (DEO), Kroger Co (KR), OfficeMax Inc (OMX), Analyst initiations, Jones Apparel Group (JNY), Liz Claiborne (LIZ), Polo Ralph Lauren'A' (RL), Delta Air Lines (DAL)
Analyst upgrades:
- Philip Morris (NYSE: PM) was upgraded to Outperform from Neutral at Credit Suisse.
- Friedman Billings upgraded shares of Principal Financial (NYSE: PFG) to Market Perform from Underperform as they believe the company's capital buffer could keep outrunning credit losses.
- Friedman Billings also upgraded Office Max (NYSE: OMX) to Outperform from Market Perform. The firm believes the risk of recourse to Office Max from the Timber Notes formerly backed by Lehman is low and that any litigation by noteholders will have a low level of success.
- Citigroup upgraded CF Industries (NYSE: CF) to Buy from Hold on valuation following the recent weakness but lowered their target to $113 from $128.
- Analog Devices (NYSE: ADI) was upgraded to Buy from Neutral at Merrill Lynch.
- Granite Construction (NYSE: GVA) was upgraded to Neutral from Sell at Goldman.
Analyst downgrades:Continue reading Analyst calls: PM, PFG, OMX, STD, RBS, DEO, DAL, KR, LIZ, JNY, RL ...
Posted Aug 29th 2008 10:40AM by Steven Halpern (RSS feed)
Filed under: Newsletters, Stocks to Buy, Technology
This post is part of a report entitled "Six-pack of technology favorites." You can read about the other top tech stock picks here.
"I think Wall Street has made a poor assessment of Analog Devices (NYSE: ADI)," says Paul McWilliams. Here's a look at the chip maker from his technology-focused newsletter, Next Inning.
"Analog Device's top line guidance came in a bit below Wall Street expectations. However, I think the problems are between the Hudson and East Rivers and not in Norwood, Massachusetts, the hometown of Analog.
"What Wall Street appears to be missing is that since ADI has sold off some of its lower profit business units, its seasonal sales patterns have changed. ADI is now again driven by industrial market sectors much more than it was even just last year.
"Therefore, its conservative guidance of flat to up 3% sequentially shouldn't have been a big surprise nor a cause for concern. As a matter of fact, with its minimal exposure to PC and consumer markets, I think flat to up 3% is pretty good.
"What Wall Street would be better to focus on are the operational improvements ADI has made. In its July quarter, ADI improved its pro forma operating margin to 26.5% from 26.2% last quarter and again reduced its inventory, which sits now at the lowest level we've seen since 2004.
Continue reading In the chips with Analog Devices (ADI)
Posted Aug 28th 2008 5:15PM by Steven Halpern (RSS feed)
Filed under: Cisco Systems (CSCO), Newsletters, International Business Machines (IBM), Broadcom Corp'A' (BRCM), Stocks to Buy
With concerns over recession, turmoil in the financial sector, fear of rising rates, high market volatility and a rising aversion to risk, many investors have been avoiding technology stocks.
Investors have feared that these economic headwinds will dampen both consumer spending for technology products and reduced capital expenditures for technology in the corporate sector.
Despite these concerns, some of the newsletter industry's leading advisors are looking beyond the current malaise and seeing longer-term value in some of the tech sector's leading players. They believe that much of the "bad news" is already reflected in the price of the shares, with little recognition being given to their longer-term potential.
For those willing to go against the crowd and buy, as they say, "while blood is running in the street," we offer a six-pack of technology stocks that the some top advisors considers to be among their favorite ideas.
Continue reading A six-pack of technology favorites
Posted Aug 17th 2008 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Forecasts, Hewlett-Packard (HPQ), Home Depot (HD), Target Corp. (TGT), Gap Inc (GPS), Lowe's Cos (LOW)
Rival home improvement chains Home Depot Inc. (NYSE: HD) and Lowe's Companies Inc. (NYSE: LOW) are scheduled to report quarterly results this week. Not surprisingly, given the ongoing housing slump, analysts surveyed by Thomson Financial on average expect both companies to post earnings lower than in the same period a year ago. For Home Depot, that's 61 cents per share, down 20.8%, and for Lowe's, 56 cents per share, down 16.4%. Meanwhile, cabinet maker American Woodmark Corp. (NASDAQ: AMWD), for whom Home Depot and Lowe's are major distributors, is also expected to report lower earnings: 11 cents per share, down 67.6%.
The presidential campaigns have prompted much discussion of energy policy and alternative energy sources. Some solar-energy-related concerns are scheduled to report this week, and expectations seem to be high. Trina Solar Ltd. (NYSE: TSL) is expected to report 81 cents per share earnings, up 67.9%; ReneSola Ltd. (NYSE: SOL) is expected to post earnings of 32 cents per share, up 62.5%; and Suntech Power Holdings Co. (NYSE: STP) is expected to have earnings of 32 cents per share, up 21.9%. Even China Sunergy Co. Ltd. (NASDAQ: CSUN) is expected to have swung to a profit of 3 cents per share, from a per-share loss of 14 cents a year ago.
Continue reading The week in preview: Expectations for home improvement, tech, apparel
Posted Aug 12th 2008 8:48AM by Jim Cramer (RSS feed)
Filed under: Google (GOOG), Microsoft (MSFT), Amazon.com (AMZN), Intel (INTC), JPMorgan Chase (JPM), Adobe Systems (ADBE), Morgan Stanley (MS), , Stocks to Buy, Cramer on BloggingStocks, Technology
TheStreet.com's Jim Cramer says all that money has to go somewhere, and this is a likely destination.Clash of the ideals! Oil's down, and what can you buy when there's so much bad bank news? What can you buy when
Wachovia (NYSE: WB) (
Cramer's Take) is boosting reserves and
Morgan Stanley (NYSE: MS)) (
Cramer's Take) is still being pursued by authorities and
JPMorgan (NYSE: JPM) (
Cramer's Take) says July stunk and
UBS (NYSE: UBS) (
Cramer's Take) is so tarnished that you can't believe it was once the most conservative blue chip out there.
The answer is tech, of course!
Wait a second. Would anyone mind if we actually had a reason to buy tech beyond the Kindle, the device that made Citigroup gaga about
Amazon (NASDAQ:
AMZN) (
Cramer's Take) -- not that you needed a device to do that.
Sure, we have pre-seasonality. Remember, you are supposed to buy tech at the end of the summer, not that anyone waits that long.
But what we really have is that quant thinking that Doug rails about so correctly: the CDO of stocks! We take a little bad tech, the lowest-end stuff like
RF Micro (NASDAQ:
RFMD) (
Cramer's Take) and
Parametric (NASDAQ:
PMTC) (
Cramer's Take); mix in some mid-tech, stuff like
National Semi (NYSE:
NSM) (
Cramer's Take) and
Analog Devices (NYSE:
ADI) (
Cramer's Take); then throw in
Intel (NASDAQ:
INTC) (
Cramer's Take),
Microsoft (NASDAQ:
MSFT) (
Cramer's Take),
Google (NASDAQ:
GOOG) (
Cramer's Take), Amazon and
Adobe (NASDAQ:
ABDE) (
Cramer's Take) -- yes, Adobe; then split them into tranches, slice 'em up, and offer a derivative on them for those who want leverage and we have, well, a tech rally!
Continue reading Cramer on BloggingStocks: Exodus from oil may goose tech
Next Page >