BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Advance Auto Parts: Pull-back is buy opportunity]]>http://www.bloggingstocks.com/2009/11/30/advance-auto-parts-pull-back-is-buy-opportunity/http://www.bloggingstocks.com/2009/11/30/advance-auto-parts-pull-back-is-buy-opportunity/http://www.bloggingstocks.com/2009/11/30/advance-auto-parts-pull-back-is-buy-opportunity/#commentsFiled under:

Advance Auto Part's (AAP) stock has retreated about $7 since mid-summer, but I'm nevertheless reiterating my buy rating for the company, first recommended on May 19, 2009 at a price of $43.38. Here's why.

Advance Auto's stock appears to be the victim of some tad-early, year-end, profit-taking by short-term institutional investors (IIs). AAP posted Q3 EPS of 65 cents -- very close to the First Call Q3 EPS estimate of 66 cents; AAP also reported a 4.7% increase in same store sales in Q3. The two data points helped AAP recover slightly from its $47 to $37 swoon, with shares now trading at/near $39.50, supporting the analysis that the preceding plunge has the look of selected institutions 'getting out, early' ahead of the December crush.

Continue reading Advance Auto Parts: Pull-back is buy opportunity

Advance Auto Parts: Pull-back is buy opportunity originally appeared on BloggingStocks on Mon, 30 Nov 2009 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>advance auto partsAdvanceAutoPartsautomobilecar repairCarRepaircarsMon, 30 Nov 2009 17:00:00 EST<![CDATA[Advance Auto Parts: Pull-back creates Buy opportunity]]>http://www.bloggingstocks.com/2009/09/18/advance-auto-parts-pull-back-creates-buy-opportunity/http://www.bloggingstocks.com/2009/09/18/advance-auto-parts-pull-back-creates-buy-opportunity/http://www.bloggingstocks.com/2009/09/18/advance-auto-parts-pull-back-creates-buy-opportunity/#commentsFiled under:

Advance Auto Parts (NYSE: AAP) has pulled-back about $4 since first recommended on May 19, 2009 at a price of $43.38, but view that as a Buy opportunity.

That's because an argument can be made that auto repair represents one of the best sectors over the next one-two years. Here's why:

Continue reading Advance Auto Parts: Pull-back creates Buy opportunity

Advance Auto Parts: Pull-back creates Buy opportunity originally appeared on BloggingStocks on Fri, 18 Sep 2009 16:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AAPAdvance Auto PartsAdvanceAutoPartsFri, 18 Sep 2009 16:15:00 EST<![CDATA[Analyst upgrades, downgrades and initiations: WTR, GIL, STT, EHTH, AKZOY, MEOH, UTHR and HGG]]>http://www.bloggingstocks.com/2009/05/19/analyst-upgrades-downgrades-and-initiations-wtr-gil-stt-eht/http://www.bloggingstocks.com/2009/05/19/analyst-upgrades-downgrades-and-initiations-wtr-gil-stt-eht/http://www.bloggingstocks.com/2009/05/19/analyst-upgrades-downgrades-and-initiations-wtr-gil-stt-eht/#commentsFiled under: , ,

Analyst upgrades:
  • Janney Montgomery upgraded Aqua America (NYSE: WTR) to Buy from Neutral on valuation, viewing the recent weakness as a buying opportunity. The firm has a $19 target on the stock.
  • UBS upgraded Gildan Activewear (NYSE: GIL) to Buy from Neutral due to customer Broder's improved liquidity and the improved outlook for margins.
  • RBC Capital upgraded State Street (NYSE: STT) to Top Pick from Outperform and raised its target to $55 from $40. The analyst said the $2B capital raise addresses TCE ratio concerns and large unrealized losses in the investment portfolio.
  • Sherwin-Williams (NYSE: SHW) was upgraded to Overweight from Neutral at JP Morgan.
  • Advance Auto Parts (NYSE: AAP) was upgraded to Buy from Underperform at Banc of America/Merrill.
  • M&T Bank (NYSE: MTB) was upgraded to Outperform from Market Perform at Bernstein.

Continue reading Analyst upgrades, downgrades and initiations: WTR, GIL, STT, EHTH, AKZOY, MEOH, UTHR and HGG

Analyst upgrades, downgrades and initiations: WTR, GIL, STT, EHTH, AKZOY, MEOH, UTHR and HGG originally appeared on BloggingStocks on Tue, 19 May 2009 11:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AAPadvance auto partsAdvanceAutoPartsakzo nobelAkzoNobelAKZOYAqua AmericaAquaAmericacogdell-spencerCSAehealthehealthinsuranceEHTHembraerERJGILgildan activewearGildanActivewearHGGhhgregglifepointlifepoint hospitalsLifepointHospitalsLPNTMEOHMethanexMT BankMTBMtBankMYGNmyriadmyriad geneticsmyriadgeneticssherwin williamssherwin-williamsSherwinWilliamsSHWstate streetstate street corporationStateStreetStateStreetCorporationSTTunited therapeuticsUnitedTherapeuticsUTHRWillis GroupWillisGroupWSHWTRTue, 19 May 2009 11:00:00 EST<![CDATA[Advance Auto Parts (AAP) gives bleak forecast]]>http://www.bloggingstocks.com/2008/10/07/advance-auto-parts-aap-gives-bleak-forecast/http://www.bloggingstocks.com/2008/10/07/advance-auto-parts-aap-gives-bleak-forecast/http://www.bloggingstocks.com/2008/10/07/advance-auto-parts-aap-gives-bleak-forecast/#commentsFiled under: , , , ,

AAP logoAdvance Auto Parts (NYSE: AAP - option chain) shares are dropping today after the company forecast a third-quarter profit of 57 cents per share, coming in way below analysts' estimates of 66 cents per share. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on AAP.

This morning, AAP opened at $31.96. So far today the stock has hit a low of $27.73 and a high of $32.78. As of 12:05, AAP is trading at $29.71, down $4.66 (-13.6%). The chart for AAP looks neutral and S&P gives AAP a 3 STARS (out of 5) hold ranking.

For a bearish hedged play on this stock, I would consider a December bear-call credit spread above the $40 range.

Continue reading Advance Auto Parts (AAP) gives bleak forecast

Advance Auto Parts (AAP) gives bleak forecast originally appeared on BloggingStocks on Tue, 07 Oct 2008 13:45:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AAPadvance auto partsAdvanceAutoPartsforecastinthenewsInvestors ObserverInvestorsObserveroptionsTue, 07 Oct 2008 13:45:00 EST<![CDATA[Analyst upgrades 6-05-07: AAP, SLR, CCL and RCL]]>http://www.bloggingstocks.com/2007/06/05/analyst-upgrades-6-05-07-aap-slr-ccl-and-rcl/http://www.bloggingstocks.com/2007/06/05/analyst-upgrades-6-05-07-aap-slr-ccl-and-rcl/http://www.bloggingstocks.com/2007/06/05/analyst-upgrades-6-05-07-aap-slr-ccl-and-rcl/#commentsFiled under: , , , ,

MOST NOTEWORTHY: Advance Auto Parts Inc (NYSE: AAP), Solectron Corporation (NYSE: SLR), Carnival Corporation (NYSE: CCL) and Royal Caribbean Cruises Ltd (NYSE: RCL) and were today's noteworthy upgrades:
  • JP Morgan upgraded shares of Advance Auto Parts to Neutral from Underweight citing increased confidence in the company's turnaround efforts.
  • Solectron was upgraded to Neutral from Underperform at Credit Suisse to reflect the company's acquisition by Flextronics International (NASDAQ: FLEX).
  • Carnival was upgraded to Strong Buy from Outperform and Royal Caribbean was upgraded to Outperform from Market Perform at Raymond James.
OTHER UPGRADES:
  • BHP Billiton Ltd (NYSE: BHP) was upgraded to Buy from Hold at Citigroup on valuation and their expectations for higher commodity prices.
  • Matrix USA upgraded shares of Callaway Golf Company (NYSE: ELY) to Hold from Strong Sell, as the firm believes growing demand for new products is driving positive fundamental trends.
  • Lehman upgraded Dow Chemical (NYSE: DOW) to Overweight from Equal Weight, citing the potential for an accretive acquisition of buyback.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst upgrades 6-05-07: AAP, SLR, CCL and RCL originally appeared on BloggingStocks on Tue, 05 Jun 2007 11:25:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>aapadvance auto partsAdvanceAutoPartsanalystbhpcallawaycarnivalccldowelyflexflextronicsrclroyal caribbeanRoyalCaribbeanslrsolectronupgradeTue, 05 Jun 2007 11:25:00 EST<![CDATA[Analyst downgrades 5-08-07: AH, AL, AAP, ROC and RTRSY]]>http://www.bloggingstocks.com/2007/05/08/analyst-downgrades-5-08-07-ah-al-aap-roc-and-rtrsy/http://www.bloggingstocks.com/2007/05/08/analyst-downgrades-5-08-07-ah-al-aap-roc-and-rtrsy/http://www.bloggingstocks.com/2007/05/08/analyst-downgrades-5-08-07-ah-al-aap-roc-and-rtrsy/#commentsFiled under: , , ,

MOST NOTEWORTHY: Today's most noteworthy downgrades included Armor Holdings, Inc (AH), Alcan Inc (AL), Advance Auto Parts, Inc (AAP) and Reuters Group PLC (RTRSY):
  • Armor Holdings Inc (NYSE: AH) was downgraded to Neutral from Overweight at JP Morgan based on the news that the company will be sold to BAE Systems PLC (BAESY) for $88 a share in cash. The firm expects the deal to close with no higher offers. Bear Stearns cut Armor Holdings to Peer Perform from Outperform and Friedman Billings cut shares of the vehicle armorer to Market Perform from Outperform.
  • Alcan Inc (NYSE: AL) was cut to Neutral from Buy at Bank of America and DA Davidson following the Alcoa (AA) bid.
  • Baird cut Advance Auto Parts (NYSE: AAP) to Neutral from Outperform following CEO Michael Coppola's resignation. Kevin Dann downgraded Advance to Hold from Buy to reflect an increased level of uncertainty following Mr. Coppola's departure.
  • Lehman Brothers downgraded Reuters Group (NASDAQ: RTRSY) to Equal Weight from Overweight pending further information on the Thompson Corp (TOC) bid; Credit Suisse cut shares to Neutral from Outperform and Deutsche Bank cut shares to Hold from Buy.
OTHER DOWNGRADES:
  • Matrix downgraded UST Inc (NYSE: UST) to Sell from Hold.
  • Wachovia cut Rowan Cos (NYSE: RDC) to Market Perform from Outperform.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst downgrades 5-08-07: AH, AL, AAP, ROC and RTRSY originally appeared on BloggingStocks on Tue, 08 May 2007 10:54:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>aaaapadvance auto partsAdvanceAutoPartsahalalcanalcoaanalystarmor holdingsArmorHoldingsbae systemsbaesyBaeSystemsdowngradeentegrisentggolden starGoldenStargssratingrdcreutersrowanrtrsytheflyonthewall.comthompsontocustTue, 08 May 2007 10:54:00 EST