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The week in preview: No turkey earnings from Tyson, Hormel, Cracker Barrel ...

Though the earnings season is winding down, and the coming week includes the Thanksgiving holiday in the U.S., plenty of reports are still due out. And analysts surveyed by Thomson Reuters don't seem to be expecting too many turkeys among this week's bunch.

Leading U.S. meat processor Tyson Foods Inc. (TSN), which has just named a new chief executive officer and a new chief operating officer, is expected to report fiscal fourth-quarter earnings of $0.26 per share, up from $0.14 in the same period of last year. But revenue is expected to total $6.9 billion, or 4.3% less than a year ago. The full-year forecast is for a profit of $0.25 per share (-16.7) on $26.4 billion (-3.9%) in sales.

Continue reading The week in preview: No turkey earnings from Tyson, Hormel, Cracker Barrel ...

Earnings highlights: Baidu, Dreamworks, Honda, Microsoft, Target, Verizon ...

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

Continue reading Earnings highlights: Baidu, Dreamworks, Honda, Microsoft, Target, Verizon ...

Closing Bell: The bad good day (BIDU, BP, COMV, DRYS, IACI, LDK)

Today was potentially a pivotal day. There was a technician calling for a possible peak in the S&P and that was partly on yesterday's dollar strength. Then came the disappointing consumer confidence data. Amazingly, we had a very mixed market close picture today depending on which group of stocks you were looking at.

Here were today's unofficial closing bell levels:

Dow 9,882.17 +14.21 (0.14%)
S&P 500 1,063.41 -3.54 (-0.33%)
Nasdaq 2,116.09 -25.76 (-1.20%)

Top Day Trader Alert Stocks
Top Stock/Market Rumors
Top 10 Analyst Calls

Continue reading Closing Bell: The bad good day (BIDU, BP, COMV, DRYS, IACI, LDK)

LDK Solar hikes revenue forecast, but stock's still struggling

LDK Solar Co., Ltd. (NYSE: LDK) was broadly higher Tuesday after boosting its top-line guidance for the third quarter. The alternative energy issue now anticipates revenue of $270 million to $290 million for the period, compared to its earlier forecast for $240 million to $270 million. Analysts' consensus expectations call for third-quarter revenue of just $249.9 million, according to Thomson Reuters.

LDK added that it now expects wafer shipments for the third quarter to range between 310 megawatts (MW) and 330 MW, up from its previous view of 260 MW to 300 MW. Simultaneously, the firm dropped its forecast for module shipments -- instead of 10 MW to 20 MW, LDK is now looking for module shipments of 5 MW to 10 MW.

Continue reading LDK Solar hikes revenue forecast, but stock's still struggling

LDK Solar set to report quarterly earnings after today's closing bell

After the closing bell sounds this afternoon, LDK Solar (NYSE: LDK) will report quarterly earnings. Expectations are pegged at a loss of 91 cents per share for the solar firm, so what can you expect in the wake of the report? Let's take a look at LDK's technical prospects and what an earnings miss or stronger-than-expected earnings could do for the company.

First things first, LDK manufactures and sells solar wafers to other solar manufacturers, both in China (the company's home) and across the globe. The company performed well in the past, when the new global conscience had companies and individuals looking for cleaner forms of energy. Unfortunately, this little thing called a recession occurred, pulling many customers away from LDK and hurting the company on the bottom line.

Continue reading LDK Solar set to report quarterly earnings after today's closing bell

LDK Solar (LDK) down 10% on weak Q2 forecast

LDK logoLDK Solar (NYSE: LDK - option chain) stock is falling today after the company announced a weak forecast for Q2 revenue last Thursday after the close. Today's weakness in oil futures is also not helping LDK stock. 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 LDK.

This morning, LDK opened at $10.20. So far today the stock has hit a low of $9.66 and a high of $10.52. As of 12:15, LDK is trading at $9.87, down $1.04 (-9.5%). The chart for LDK looks bearish and S&P gives LDK a negative 2 STARS (out of 5) sell ranking.

Continue reading LDK Solar (LDK) down 10% on weak Q2 forecast

Closing Bell: Kicking off Q3 with a win (AIG, BIIB, LDK, PIR, RAD)

Stocks opened up on the day and stayed up on the day, despite closing well off of the highs. We had three key economic reports hit at once as the Institute for Supply Management gave the June ISM Manufacturing data, while we saw pending home sales data and new construction spending data mixed for May. These actually ended up being contradictory numbers, and then the oil inventories did nothing to support higher oil prices.

Here were today's unofficial closing bell levels:

Dow 8,504.06 +57.06 (0.68%)
S&P 500 923.33 +4.01 (0.44%)
Nasdaq 1,845.72 +10.68 (0.58%)

Top Analyst Upgrades & Downgrades

Continue reading Closing Bell: Kicking off Q3 with a win (AIG, BIIB, LDK, PIR, RAD)

Analyst upgrades, downgrades and initiations: CCL, LDK, MSFT, PCLN

Analyst Ugrades
  • Stephens upgraded Old Dominion Freight (NASDAQ: ODFL) to Overweight from Equal Weight to reflect the financial problems at YRC Worldwide (NASDAQ: YRCW), which the firm believes could lead to market share gains. Stephens raised its target on Old Dominion Freight to $40 from $22.
  • UBS expects SunPower (NASDAQ: SPWRA) to benefit from the U.S. residential solar segment as investment tax credits come available. The firm upgraded shares to Buy from Neutral and raised its target to $38 from $26.
  • KeyBanc upgraded DPL (NYSE: DPL) to Buy from Hold based on valuation and potential upside from the Ohio approval of the rate settlement, 2010 guidance, and potential to use cash flow for accretive purposes.
  • Microsoft (NASDAQ: MSFT) was upgraded to Conviction Buy from Buy at Goldman.
  • Carnival (NYSE: CCL) was raised to Equal Weight from Underweight at Barclays.
  • South Financial Group (NASDAQ: TSFG) was upgraded at SunTrust to Buy from Neutral.

Continue reading Analyst upgrades, downgrades and initiations: CCL, LDK, MSFT, PCLN

Closing Bell: Bears getting braver (OPEN, LDK, STP, QCOM, RF, PETM)

Today was a day marked by selling, partly on economic news and partly on a call from S&P. S&P put the credit bias of the United Kingdom at "negative" from "stable" giving the notion that the nation's Triple-A ranking is possibly at risk to be cut. Then came the implications from Bill Gross and others that the U.S. could ultimately see the same fate. To show how bad the trend and bias was, long-dated Treasuries saw their yields rise as much as 15 basis points today.

A slightly less-bad jobs report failed to catch any attention today. In short, if you are a market bear you are getting more feathers in your cap now that earnings are basically finished. Here are today's unofficial closing bell levels:

Dow 8,291.82 -130.22 (-1.55%)
S&P 500 888.23 -15.24 (-1.69%)
Nasdaq 1,695.25 -32.59 (-1.89%)

Top Analyst Calls

Continue reading Closing Bell: Bears getting braver (OPEN, LDK, STP, QCOM, RF, PETM)

Analyst upgrades, downgrades and initiations: PVH, CBS, LDK, BIDU, DE ...

Analyst upgrades:
  • Citigroup upgraded Phillips-Van Heusen (NYSE: PVH) to Buy from Hold following the company's Q1 results as it believes management is executing well in the current environment and that the company could meet the high end of guidance. The firm raised its price target to $24 from $19.
  • Friedman Billings upgraded Cliffs Natural (NYSE: CLF) to Outperform from Market Perform as it believes capacity utilization has stabilized and CLF's valuation is attractive at current levels. The firm raised its price target to $27 from $23.
  • Thomas Weisel believes demand at Microchip's industrial (NASDAQ: MCHP) customers has troughed and that market share loss concerns are unwarranted. The firm upgraded shares to Overweight from Market Weight and raised its target to $27 from $19.
  • CBS Corp (NYSE: CBS) was upgraded to Neutral from Sell at Goldman.
  • U-Store It Trust (NYSE: YSI) was raised to Outperform from Neutral at Baird.
  • Ener1 (NASDAQ: HEV) was lifted at Banc of America/Merrill to Buy from Neutral.

Continue reading Analyst upgrades, downgrades and initiations: PVH, CBS, LDK, BIDU, DE ...

Earnings highlights: Citigroup, Kroger, Staples, J. Crew, National Semiconductor and more

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

Continue reading Earnings highlights: Citigroup, Kroger, Staples, J. Crew, National Semiconductor and more

LDK Solar reports disappointing 4Q earnings and 1Q forecast

Chinese solar firm LDK Solar (NYSE: LDK) reported earnings Wednesday, revealing that a massive writedown caused weaker-than-expected earnings. LDK reported a fourth-quarter loss of $1.25 per share, compared to a gain of 77 cents per share in the previous quarter and earnings of 44 cents per share in the same quarter last year.

The company's revenue increased more than twofold compared to last year, but the $426.6 million was 21.3% lower on a sequential basis. Analysts were expecting a loss of 84 cents per share on revenue of $422 million. The quarterly results took a hit of $216.7 million related to an inventory writedown.

Continue reading LDK Solar reports disappointing 4Q earnings and 1Q forecast

Closing Bell: Dow dips another day, Apple sees first drop in sales in three years; AAPL, XOM, HPQ, PCLN, WFMI, SPWRA

Today's markets were under pressure most of the day after weekly jobless claims remained higher than estimates and after wholesale inflation rose more than expected. Earnings disappointments also added some pressure, yet oil rose sharply today with futures up over 10% at $38.60 late in the day after oil inventory levels were reported. Here are today's unofficial closing bell levels:

Dow 7,465.79 -89.84 (-1.19%)
S&P 500 778.93 -9.49 (-1.20%)
Nasdaq 1,442.82 -25.15 (-1.71%)

10YR T-NOTE
Top Analyst Upgrades
Top Analyst Downgrades

Continue reading Closing Bell: Dow dips another day, Apple sees first drop in sales in three years; AAPL, XOM, HPQ, PCLN, WFMI, SPWRA

Stocks in the news: HPQ, S, UBS, WFMI, CROX, CBS, PCLN, LDK, CVS

U.S. stock futures were higher Thursday morning, pointing to a stronger start on Wall Street as investors continued to focus on the economy. Before the bell: Futures point to higher start ahead of economic data

Hewlett-Packard Corp. (NYSE: HPQ), reported a 13% quarterly drop in earnings as sales ticked up just 1% due to the recession. Results were inline with estimates, and even though it cut its 2009 guidance, it was still in line with Wall Street's expectations. HPQ shares declined 3.4% in premarket trade.

Sprint Nextel Corp (NYSE: S) posted a $1.6 billion, or 57 cents per share quarterly loss on Thursday and said a total of 1.3 million wireless customers had left its service during the quarter. Revenue fell to $8.4 billion from $9.8 billion a year earlier, and topped the Street's estimate. Sprint expects subscriber losses to improve in 2009. Sprint shares are soaring some 6.6% in premarket trading.

Continue reading Stocks in the news: HPQ, S, UBS, WFMI, CROX, CBS, PCLN, LDK, CVS

Analyst upgrades, downgrades and initiations: ADBE, PFE, WYE, BHP

Analyst upgrades:
  • Jefferies upgraded NeuStar (NYSE:NSR) to Hold from Underperform on valuation following the recent weakness and raised their target price to $15 from $12.
  • Oppenheimer upgraded Adobe Systems (NASDAQ:ADBE) to Outperform from Perform on valuation as they believe the recent pullback has created an attractive entry point into the name. The firm has a $27 target on the stock.
  • UBS upgraded Pfizer (NYSE:PFE) and Wyeth (NYSE:WYE) to Buy from Neutral based on valuations. Pfizer's price target remains $18 and Wyeth's was raised to $50 from $38.
  • Methanex (NASDAQ:MEOH) was upgraded to Sector Outperformer from Sector Performer at CIBC.
  • BHP Billiton (NYSE:BHP) was raised to Buy from Hold at RBS.
  • Anadys Pharma (NASDAQ:ANDS) was upgraded to Buy from Neutral at Piper Jaffray.

Continue reading Analyst upgrades, downgrades and initiations: ADBE, PFE, WYE, BHP

Next Page >

Symbol Lookup
IndexesChangePrice
DJIA-14.2810,318.16
NASDAQ-10.782,146.04
S&P 500-3.521,091.38

Last updated: November 22, 2009: 11:14 PM

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