- Tyson Foods (TSN) to buy from hold at Deutsche Bank.
- Carmike Cinemas (CKEC) to buy from neutral at Merriman.
- Ambow Education (AMBO) to conviction buy from neutral at Goldman.
- Johnson Controls (JCI) to overweight from equal weight at Barclays.
- Dynex Capital (DX) to outperform from market perform at JMP Securities.
- Ensco (ESV) to outperform from neutral at Credit Suisse.
- York Water (YORW) to buy from hold at Brean Murray.
- Mid-America Apartment (MAA) to market perform from underperform at FBR Capital.
- Cheniere Energy Partners (CQP) to hold from sell at Citigroup.
- Forest Oil (FST) to positive from neutral at Susquehanna.
- Tractor Supply (TSCO) to outperform from neutral at RW Baird.
MTN posts
FeedAnalyst Calls: DISH, DTV, JCI, LULU, MOS, MTN, POT, RIG, TSCO, TSN ...
Continue reading Analyst Calls: DISH, DTV, JCI, LULU, MOS, MTN, POT, RIG, TSCO, TSN ...
Options Update: Vail Resorts Volatility Elevated into EPS
Texas Instruments (TXN) March put option implied volatility is at 26, April is at 28, near its 26-week average, according to Track Data, suggesting non-directional price movement into Tuesday's post-market Q1 mid-quarter update.
Vail Resorts (MTN) volatility elevated into results. MTN March put option implied volatility is at 45, April and July is at 39, above its 26-week average of 37, according to Track Data, suggesting larger price movement into expected Q2 results on March 10.
Update is by Stock Specialist Paul Foster of theflyonthewall.com.
Analyst Calls: CA, COP, DOX, EAT, FIG, JNS, MTN, NLSN, PCAR, SBUX, SLW ...
- Brinker (EAT) to buy from neutral at UBS.
- Starbucks (SBUX) to overweight from equal weight at Morgan Stanley.
- Paccar (PCAR) to overweight from neutral at JPMorgan.
- CA Technologies (CA) to outperform from perform at Oppenheimer.
- PPL Corp. (PPL) to overweight from equal weight at Barclays.
- ConocoPhillips (COP) to hold from sell at Citigroup.
- First Defiance (FDEF) to outperform from market perform at Keefe Bruyette.
- MasTec (MTZ) to outperform from neutral at Credit Suisse.
- Amdocs (DOX) to neutral from underperform at BofA/Merrill.
Continue reading Analyst Calls: CA, COP, DOX, EAT, FIG, JNS, MTN, NLSN, PCAR, SBUX, SLW ...
Week in Preview: Retail Sales, Consumer Credit and Earnings
So, the unemployment rate sank below 9% in February, but investors didn't seem to be impressed by that. The Dow, Nasdaq and S&P 500 all fell on Friday over concerns about how the ongoing unrest in the Middle East might affect energy prices, and thus the economic recovery.
Will this coming week's economic calendar offer anything likely to bring excitement to the markets? Here's what's on tap:
- Monday: Consumer credit numbers for January
- Tuesday: Weekly chain store sales, TIPP Economic Optimism Index
Continue reading Week in Preview: Retail Sales, Consumer Credit and Earnings
Analyst Calls: ADBE, AOL, CAT, CSTR, FITB, GG, GPS, MDAS, RIG, WFC ...
- Wells Fargo (WFC) to conviction buy from neutral at Goldman.
- Adobe (ADBE) to buy from neutral at UBS.
- Fifth Third Bancorp (FITB) to outperform from market perform at FBR Capital.
- Vail Resorts (MTN) and Goldcorp (GG) to buy from hold at Deutsche Bank.
- OmniVision (OVTI) to overweight from neutral at JPMorgan.
- Penn Virginia (PVA) to hold from sell at Canaccord.
- Hub Group (HUBG) to outperform from market perform at Morgan Keegan.
Continue reading Analyst Calls: ADBE, AOL, CAT, CSTR, FITB, GG, GPS, MDAS, RIG, WFC ...
Analyst Calls: AA, AMD, AMR, AZN, CIT, GSK, HPQ, M, NVDA, PCX, SPWRA ...
- Hewlett-Packard (HPQ) to buy from neutral at UBS.
- Fluor (FLR) to overweight from neutral at JPMorgan.
- Macy's (M) to outperform from neutral at Credit Suisse.
- Canadian Solar (CSIQ), JA Solar (JASO) and HeartWare (HTWR) to buy from hold at Auriga.
- Ashford Hospitality (AHT) to outperform from market perform at FBR Capital.
- RenaissanceRe (RNR) to buy from neutral at Janney Capital.
- DCT Industrial (DCT) to market perform from underperform at Wells Fargo.
- Coeur d'Alene Mines (CDE) and Silver Standard (SSRI) to buy from hold at Deutsche Bank.
- Weatherford (WFT), Hercules (HERO), GulfMark Offshore (GLF), Tidewater (TDW) and GlaxoSmithKline (GSK) to buy from hold, and Diamond Offshore (DO) to hold from underperform, at Jefferies.
- Ritchie Bros. (RBA) to buy from neutral at BofA/Merrill.
- AstraZeneca (AZN) to buy from hold at Citigroup.
Continue reading Analyst Calls: AA, AMD, AMR, AZN, CIT, GSK, HPQ, M, NVDA, PCX, SPWRA ...
The Week in Preview: Beige Book, Federal Budget, Retail Sales
The Federal Reserve's next Beige Book report is scheduled to be released this week. This report is a compilation of anecdotal information on current economic conditions from each of the 12 Federal Reserve Bank districts, and it is released eight times a year. The data comes from interviews with business contacts, economists, market experts, and other sources. The June report is expected to show strengthening signs of expansion, though results could be mixed across the 12 districts.
Economic data due out this week include:
Continue reading The Week in Preview: Beige Book, Federal Budget, Retail Sales
Analyst Upgrades, Downgrades and Initiations: ARM, KFT, LOW, OXY, UBS, UPS, VRSN ...
- Deutsche Bank upgraded United Parcel Service (UPS) to buy from hold on expectations the company will benefit from improving international package volumes and restructuring initiatives. The firm raised its target on shares to $70 from $67.
- JPMorgan upgraded SVB Financial (SIVB) to overweight from neutral on valuation following the recent pullback in shares. The firm has a $54 price target on the stock.
- Baird upgraded ArvinMeritor (ARM) to outperform from neutral and raised its target to $15 from $12 following the Q2 report. The firm said ArvinMeritor has transformed its business model and is well-positioned for growth.
- UBS (UBS) was upgraded to overweight from neutral at JPMorgan.
- Occidental Petroleum (OXY) was upgraded to conviction buy from buy at Goldman.
- Vail Resorts (MTN) was upgraded to outperform from market perform at Wells Fargo.
The week in preview: Eye on AutoZone, ConAgra, KB Home, Research In Motion ...
Much of the focus this week will no doubt be on the FOMC meeting on interest rates and the subsequent decision, as well as on the G-20 meeting in Pittsburgh, were the agenda will include bonuses for bank executives among other things.
Things will be fairly quiet again on the earnings front as the next earnings season has yet to ramp up. However, analysts surveyed by Thomson Reuters do have high hopes for a handful of companies that will release results this week.
Continue reading The week in preview: Eye on AutoZone, ConAgra, KB Home, Research In Motion ...
Earnings highlights: Del Monte, Men's Wearhouse, National Semiconductor, Talbots ...
Here are some highlights from this past week's earnings coverage from BloggingStocks:
- Barnes Group Inc. (NYSE: B) withdrew its 2009 earnings guidance due to uncertainty in transportation.
- Brown-Forman Corp. (NYSE: BF.B) Q4 profit beat estimates and it offered guidance for next year.
- Del Monte Foods Co. (NYSE: DLM) posted strong Q4 results on price increases and a better tax situation.
- FuelCell Energy Inc. (NASDAQ: FCEL) posted lower Q2 sales but announced a big order from South Korea.
- Men's Wearhouse Inc. (NYSE: MW) lower Q1 profit topped estimates but the outlook was in line.
- National Semiconductor Corp. (NYSE: NSM) Q4 net loss and fiscal-year profit both beat estimates.
Vail Resorts earnings weak, fewer out-of-towners
Vail Resorts Inc. (NYSE: MTN) reported an earnings drop of 29% for its fiscal third quarter. Weakness in visits from out-of-state guests was the primary reason. Total skier visits across the company's properties -- Vail, Beaver Creek, Keystone and Breckenridge in Colorado, and Heavenly in California -- were down 5.3% relative to the same period for the previous year.
The ski resort operator generated total earnings for the quarter (which ended April 30, 2009) of $61.6 million, which amounts to $1.68 per share. For the quarter ending April 30, 2008, Vail Resorts had earnings of $87.3 million (or, $2.24 per share).
Continue reading Vail Resorts earnings weak, fewer out-of-towners
The week in preview: DynCorp, Joy Global, Shanda and more
Much of the attention this week will no doubt be on how the impending General Motors (NYSE: GM) bankruptcy will shake out, as well as the usual economic concerns: Has the housing market bottomed? Will oil prices keep rising? Is the employment situation getting any better? And so on (see highlights of the economic calendar below).
What probably won't get much attention are quarterly earnings, as the earnings season for this quarter winds down. But there are a few reports that analysts surveyed by Thomson Reuters have high hopes for.
Continue reading The week in preview: DynCorp, Joy Global, Shanda and more
Stock #4: Vail Resorts (MTN)
If you do rent or buy that Winnebago, perhaps one of your destinations will be Colorado and its spectacular mountains. Specifically, Vail Resorts (NYSE: MTN) offers families fantastic summertime destinations.
Sure, with the economy hemorrhaging, taking a trip to Vail may be inappropriate, but life is short. We've avoided financial armageddon, and the economy is slowly returning to normalcy. This summer will be the beginning of a new uptrend for stocks, and MTN deserves consideration.
5 hot summer stocks for cool profits
Before you retreat to your favorite summer locale with the perfect book, let's take a look at the stocks set to profit as consumers look to enjoy the fruits of their labor over the next several months.
For me, summer means lots of boating, fishing, and time with my family. And this year I'll be doing more of each to make up for lost time spent hunkering down during the downturn.
As such, companies that make the goods in each of these categories should do well. That's how it goes during a recession. Demand builds as we retreat to preserve cash and fix balance sheets.
Bharti and MTN: Ready for a $23 billion deal?
As global markets improve, we are now seeing renewed interested in M&A. Interestingly enough, it looks like a $23 billion deal is brewing between cell phone operators Bharti Airtel Ltd. -- the largest in India -- and South Africa-based MTN Group Ltd., according to a report in the Wall Street Journal.Actually, Bharti-MTN already tried to put a deal together -- about a year ago. But things fell apart based on factors like valuation and control.
Continue reading Bharti and MTN: Ready for a $23 billion deal?
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