BIG posts
Posted May 30th 2009 12:10PM by Trey Thoelcke
Filed under: Earnings reports, Dell (DELL), AutoZone Inc (AZO), Tiffany and Co (TIF), Costco Wholesale (COST), Staples Inc (SPLS), Marvell Technology Group (MRVL), American Eagle Outfitters (AEO)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: AutoZone, Costco, Dell, Heinz, Staples, Tiffany, Tivo and more
Posted May 29th 2009 11:20AM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades, Morgan Stanley (MS), News Corp'B' (NWS), QUALCOMM Inc (QCOM), Burger King Hldgs (BKC), Analyst initiations, Level 3 Communications (LVLT)
Analyst upgrades:
- Keefe Bruyette upgraded Morgan Stanley (NYSE: MS) to Outperform from market Perform after transferring coverage to a new analyst. The firm expects Morgan to benefit from the pending joint venture with Smith Barney and improvements in its operating environment.
- FBR Capital upgraded Winn-Dixie (NASDAQ: WINN) to Outperform from Market Perform as it believes the company is executing well and shares are cheap at current levels. The firm keeps a $16.50 target on the stock.
- Baird believes Polaris's (NYSE: PII) consensus expectations and valuation are too low and that the company will expand beyond powersports. The firm upgraded shares to Outperform from Neutral and raised their target to $37 from $32.
- J. Crew (NYSE: JCG) was upgraded to Neutral from Sell at Goldman.
- Lexmark (NYSE: LXK) was upgraded to Equal Weight from Underweight at Barclays.
- Global Hunter upgraded Big Lots (NYSE: BIG) to Buy from Neutral.
Continue reading Analyst upgrades, downgrades and initiations: MS, JCG, BKC, LVLT, NWS ...
Posted May 24th 2009 12:30PM by Trey Thoelcke
Filed under: Earnings reports, Forecasts, Industry, AutoZone Inc (AZO)
After the Memorial Day holiday in the United States, the earnings spotlight turns to Canadian banks: Bank of Montreal (NYSE: BMO), Canadian Imperial Bank of Commerce (NYSE: CM), Royal Bank of Canada (NYSE: RY), and Toronto-Dominion Bank (NYSE: TD) are all scheduled to report their second-quarter results.
While banks north of the border of generally have held up better than their U.S. counterparts, analysts surveyed by Thomson Reuters expect the four listed above to report that earnings declined between 20% and 30% since the same period of last year. All four have P/E ratios around 10, and they are paying dividends. Shares of all four have surged 50% to 83% in the past three months, but are still 26% to 38% lower than a year ago.
Continue reading The week in preview: Canadian and U.S. banks, and more
Posted May 22nd 2009 8:30AM by Paul Foster
Filed under: Earnings reports, Sears Holdings (SHLD), Options
Sears Holding (NASDAQ: SHLD) is recently trading at $62.10 in pre-open trading, above its close of $50.19. SHLD secured a new $2.4 billion line of credit to help finance purchases through 2012. SHLD reported Q1 of $10.1 billion, versus $11.1 billion in the same quarter a year ago. SHLD June call option volatility is at 64, puts is are at 77 verses its 26-week average of 64, according to Track Data. SHLD puts are priced higher than calls because SHLD is difficult to borrow.
Big Lots (NYSE: BIG) closed at $24.14. BIG is scheduled to report Q1 EPS on May 28. BIG June option implied volatility is at 58; October is at 56; below its 26-week average of 72, according to Track Data, suggesting decreasing price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
Posted May 13th 2009 10:20AM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades, Home Depot (HD), Netflix, Inc. (NFLX), Abercrombie and Fitch (ANF), Starwood Hotels Worldwide (HOT), Analyst initiations
Analyst upgrades:
- Jefferies upgraded Abercrombie & Fitch (NYSE: ANF) to Buy from Hold on a favorable risk/reward profile. The firm thinks sentiment is negative, estimate revisions have troughed, and compares ease in the second half of 2009. Jefferies upped its target price to $35 from $22.
- Citigroup upgraded Home Depot (NYSE: HD) to Buy from Hold on expectations for positive earnings surprises in 2009. The firm thinks home merchandise sales are picking up and consensus estimates could prove conservative. Citi raised its target price on the stock to $32 from $26.
- Bernstein upgraded Starwood Hotels (NYSE: HOT) to Market Perform from Underperform and raised their price target to $23 from $10 based on its credit agreement amendment and valuation.
- SunTrust (NYSE: STI) was upgraded to Neutral from Sell at Goldman. Fiat (OTC: FIATY) was upgraded to Buy from Neutral at UBS.
- Lincoln National (NYSE: LNC) was raised to Outperform from Market Perform at Wachovia.
Continue reading Analyst upgrades, downgrades and initiations: ANF, HD, HOT, NFLX, STT ...
Posted Mar 7th 2009 3:10PM by Trey Thoelcke
Filed under: Earnings reports, Hewlett-Packard (HPQ), AutoZone Inc (AZO), Amer Intl Group (AIG), Urban Outfitters (URBN), MBIA Inc (MBI)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: AIG, HP, AutoZone, Big Lots, MBIA, TiVo and more
Posted Mar 5th 2009 3:50PM by Jamie Dlugosch
Filed under: Earnings reports, Good news, Stocks to Buy, Recession
Discount retailer Big Lots Inc. (NYSE: BIG) saw its shares surge higher in Wednesday trading after it posted a fourth-quarter profit from continuing operations that came in ahead of analysts expectations and offered a better-than-expected outlook.
Clearly, investors view BIG as a recession stock to own.
Earnings from continuing operations totaled a dollar per share, ahead of the 93 cents per share analysts were expecting, and 3 cents higher than the year-ago quarter. Revenue fell to $1.37 billion from $1.41 billion last year, but beat expectations of $1.36 billion. Same-store sales fell a mild 3.2%, as sales of discretionary items, such as furniture and toys, were challenging.
Continue reading Recession stock: Big Lots
Posted Mar 1st 2009 12:30PM by Trey Thoelcke
Filed under: Earnings reports, Forecasts, Economic data
While the release of economic data doesn't stop next week (see economic schedule highlights below), the earnings season does wind down dramatically. Most of the S&P 500 companies already have reported on the past quarter, which means dismal earnings news is largely behind us, at least for a while. About the only companies of note expected by analysts surveyed by Thomson Reuters to report falling earnings this week are Costco Wholesale Corp. (NASDAQ: COST), Wendy's/Arby's Group Inc. (NYSE: WEN), Foot Locker Inc. (NYSE: FL), Bank of Montreal (NYSE: BMO), and Steinway Musical Instruments Inc. (NYSE: LVB).
While PetSmart Inc. (NASDAQ: PETM) and Big Lots Inc. (NYSE: BIG) quarterly profits are expected to be about the same as a year ago, Liz Claiborne Inc. (NYSE: LIZ), Kenneth Cole Productions Inc. (NYSE: KCP), Ciena Corp. (NASDAQ: CIEN), and Trina Solar Ltd. (NYSE: TSL) are expected to have swung to losses in the most recent quarter.
Continue reading The week in preview: Earnings season winds down
Posted Feb 9th 2009 8:18AM by Melly Alazraki
Filed under: Earnings reports, Analyst upgrades and downgrades, Apple Inc (AAPL), Pfizer (PFE), Amazon.com (AMZN), General Motors (GM), Adobe Systems (ADBE), Corning Inc (GLW), NYSE Euronext (NYX), Lennar Corp'A' (LEN), Hasbro Inc (HAS), Analyst initiations, Barclays plc ADS (BCS), Trina Solar ADS (TSL), Nissan Motors (NSANY)
Nissan Motor Co. (NASDAQ: NSANY) reported a $904 million quarterly loss and said it expects this year to be its first annual loss in nine years. Nissan is
cutting 20,000 jobs, or 8.5% of its workforce. NSANY shares declined over 6.5% in premarket trade.
Barclays PLC (NYSE: BCS) reported Monday that its
net profit for 2008 fell just 1% after several major one-off gains helped compensate for over 8 billion pounds ($11.8 billion) of write-downs. The bank's balance sheet, meanwhile, ballooned 67% to 2.05 trillion pounds. Pretax profit for the year dropped 14% to 6.08 billion pounds, well ahead of analyst estimates. Barclays said it will resume dividend payments in the second half of the year. Shares in Barclays soared over 12% in premarket trade.
Continue reading Stocks in the news: NSANY, BCS, GM, NYX, AMZN, HAS, ADBE, PFE, LDK ...
Posted Dec 31st 2008 1:00PM by Jamie Dlugosch
Filed under: Newsletters, Stocks to Buy, Recession
I grew up in the 1970s and recall fondly watching the TV series "Dallas" with my family on Friday nights. Everything on the culturally sensational show was big, including its storylines.
Of course, one of my favorites was "who shot J.R.?" But another favorite was the return of Bobby Ewing after a supposed death that was resolved by stating the entire season was a dream.
I like to use the dream analogy for stocks that have made a round trip journey in a short period of time. If a stock goes up only to return to the level previously, it is as if the investor woke from a dream and the stock never actually moved up.
Such is the story of closeout retailer Big Lots (NYSE: BIG).
Shares started the year around $15 per share. Enthusiasm over profits and performance as consumers in a struggling economy sought lower-priced options fueled a gain in BIG.
Shares more than doubled in value, but hit a roadblock in late August. At that time, earnings that beat estimates were not enough to keep the momentum going. I wrote about the company at that time and suggested that investors in BIG should take money off the table.
Continue reading Will Big Lots make a comeback in 2009?
Posted Dec 5th 2008 8:25AM by Melly Alazraki
Filed under: Earnings reports, Analyst reports, Deals, Microsoft (MSFT), Yahoo! (YHOO), Ford Motor (F), General Motors (GM), McDonald's (MCD), Citigroup Inc. (C), Boeing Co (BA), Goldman Sachs Group (GS), Yum Brands (YUM), Novell Inc (NOVL), Burger King Hldgs (BKC), Analyst initiations
General Motors Corp. (NYSE: GM), Ford Motor Co. (NYSE: F) and Chrysler CEOs will be back on Capitol Hill for a second day of testimony as they continue to press for a $34 billion government bailout. GM's Wagoner told lawmakers he
would accept strict conditions, including a promise to return the money and file for bankruptcy if his company doesn't fulfill the terms. GM and Chrysler also said on Thursday they would be
open to a merger if the U.S. government mandated it. On a lighter note, the auto industry bailout received support from an unlikely source -- Jon Stewart on The Daily Show
explains why he supports it.
Boeing Co. (NYSE: BA) may again delay deliveries for the 787 Dreamliner at least six more months, according to a report in
The Wall Street Journal.
This would be the fifth delay and first deliveries of the jet may not occur until as late as summer 2010. BA shares traded 3% lower in premarket (8:06 am).
Microsoft Corp. (NASDAQ: MSFT) on Thursday
named a former
Yahoo! Inc. (NASDAQ: YHOO) executive, Qi Lu, to
the position of president of the online services group as it attempts to catch up to Google Inc. (NASDAQ: GOOG) on that front. Apparently, this appointment has been rumored for months. Also, a possible runner-up for the YHOO CEO position has moved to MSFT to head the company's advertiser and publisher solutions group. YHOO shares were 1.8% lower in premarket trade (8:07 am).
Continue reading Stocks in the news: GM, F, BA, MSFT, YHOO, GS, C, BIG, YUM, GES ...
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