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U.S. Stock Futures Up as Investors Await Jobs Report

U.S. stock futures are higher Friday morning as investors await non-farm payroll data for February. Futures on the Dow Jones Industrial Average surged 32 points to 12,271.00 and futures on the S&P 500 stock index gained 2.80 points to 1,332.50. Nasdaq 100 futures rose 5 points to 2,376.75.

U.S. stocks closed higher, with the blue-chip Dow index surging 1.59%, or 191.40, to close at 12,258 on Thursday.

The jobs report for February will be released at 8:30 a.m. ET. Data on factory orders for January will be released at 10 a.m. ET.

Continue reading U.S. Stock Futures Up as Investors Await Jobs Report

Closing Bell: A Mixed Day Feels Like a Win (IRE, CLDX, CRUS, GMCR, NFLX, NOVL, STX)

A slight negative reading from Chicago business activity was at least better than the prior reading. An Ireland bailout came with very mixed fanfare as the help is there, but it weighed heavily on the banks. A large and wide insider trading crackdown is also sweeping across Wall Street and Main Street alike. Still, today felt like a success now because tech gains made for a mixed market at the close.

Here were today's closing bell levels:

Dow Jones 11,178.58 -24.97 (-0.22%)
S&P 500 1,197.84 -1.89 (-0.16%)
Nasdaq 2,532.02 +13.90 (0.55%)

Top 15 Analyst Upgrades/Downgrades

Continue reading Closing Bell: A Mixed Day Feels Like a Win (IRE, CLDX, CRUS, GMCR, NFLX, NOVL, STX)

The Week in Preview: Eye on Tiffany, Canadian Banks, Semtech

earnings expectationsMost of the S&P 500 companies have already reported earnings results for the most recent quarter. But scheduled to release their results this week are Medtronic (MDT) and Novell (NOVL), which analysts surveyed by Thomson Reuters expect to post earnings per share (EPS) about same as last year, as well as JDS Uniphase (JDSU), Patterson Companies (PDCO) and Tiffany & Co. (TIF), for which analysts foresee year-over-year earnings growth. Of these, the expectations are highest for Tiffany.

During the three months that ended in July, Tiffany launched an iPhone app and increased its quarterly dividend. Analysts expect the New York-based specialty retailer to report that earnings per share came to 53 cents, a 26.4% increase from a year earlier. Second-quarter revenue is expected to have grown 12.8% to $690.8 million. So far, analysts predict full-year earnings of $2.61 per share (+22.9%) on $3.0 billion (+11.8%) in revenue. Earnings results topped consensus estimates in four of the past five quarters, by 11 cents per share in the first quarter.

Continue reading The Week in Preview: Eye on Tiffany, Canadian Banks, Semtech

Novell Tops Bullish Volatility Skews; CMS Energy Tops Bearish

Investors call services are pushing put option prices higher in the diversified utilities industry today.

Any time the volatility skews above 1.00, it is an indication that calls are more expensive than puts. Typically, when calls are more expensive than puts, it means the demand for calls is greater than the demand for puts because investors believe the stock is going to rise in the future and they want to take advantage of that movement by buying calls.

Continue reading Novell Tops Bullish Volatility Skews; CMS Energy Tops Bearish

Dun & Bradstreet Tops Bullish Volatility Skews; Qwest Tops Bearish

Option investors are pushing call option prices higher in the Information & Delivery Services industry and are pushing put option prices higher in the Telecom Services - Domestic industry today.

Any time the volatility skews above 1.00, it is an indication that calls are more expensive than puts. Typically, when calls are more expensive than puts, it means the demand for calls is greater than the demand for puts because investors believe the stock is going to rise in the future and they want to take advantage of that movement by buying calls.

The opposite is also true. Any time a volatility skews below 1.00, it is an indication that puts are more expensive than calls.

Continue reading Dun & Bradstreet Tops Bullish Volatility Skews; Qwest Tops Bearish

Novell Tops Bullish Volatility Skews; Wisconsin Energy Tops Bearish

Option traders are pushing up call option prices in the Security Software & Services industry as well as pushing up put option prices in the Diversified Utilities industry today.

Any time the volatility skews above 1.00, it is an indication that calls are more expensive than puts. Typically, when calls are more expensive than puts, it means the demand for calls is greater than the demand for puts because investors believe the stock is going to rise in the future and they want to take advantage of that movement by buying calls.

Continue reading Novell Tops Bullish Volatility Skews; Wisconsin Energy Tops Bearish

Earnings Highlights: AutoZone, Borders, Campbell, Costco, Heinz, J. Crew, TiVo ...

Below are some highlights from this past week's earnings coverage on BloggingStocks. Click through to the original posts for more details.

  • Ann Taylor Stores Corp. (ANN) shares rallied on heavy volume after it posted better-than-expected Q1 earnings.
  • AutoZone Inc. (AZO) Q3 earnings easily beat consensus expectations and same-store sales rose sharply.
  • Borders Group Inc. (BGP) posted a wider operating loss, decreasing gross margin, and a same-store sales decline.
  • Campbell Soup Co. (CPB) posted strong Q3 results and offered guidance, boosting shares on a down-market day.
  • Costco Wholesale Corp. (COST) posted better-than-expected Q3 results, due in part to a surge in membership sales.

Continue reading Earnings Highlights: AutoZone, Borders, Campbell, Costco, Heinz, J. Crew, TiVo ...

Novell Reports a 28% Gain in Quarterly Profit

Thursday afternoon, Novell (NOVL) reported a fiscal second-quarter profit of 6 cents per share ($19.9 million) -- up from five cents per share ($15.6 million) a year earlier. Adjusted earnings checked in at seven cents per share, matching the consensus estimate. Quarterly revenue of $204 million also matched the Street's expectations. The firm's CFO Dana Russell noted that fiscal second-quarter revenues were in line with expectations and that profits were at the high end of the forecast range.

Continue reading Novell Reports a 28% Gain in Quarterly Profit

Novell Says No to a $2 Billion Buyout Offer

On March 2, hedge fund operator Elliott Associates made a $5.75 per share offer for Novell (NOVL). The valuation of the deal was roughly $2 billion.

Well, after much consideration, Novell has finally responded. And as should be no surprise, the company says the bid is "inadequate."

Continue reading Novell Says No to a $2 Billion Buyout Offer

Red Hat 'inevitably' a target -- stock jumps 8%

First it was Barron's on Monday saying Red Hat (NYSE: RHT), a provider of Linux open-source operating-system software, will likely be in play.

"What makes it strategically important is that it sells the dominant operating system (other than Windows) favored by big corporate users," Barron's Mark Veverka said. The possible interested parties? IBM (NYSE: IBM), Oracle (NASDAQ: ORCL) and Hewlett-Packard (NYSE: HPQ).

Then, today, Jefferis analyst Katherine Egbert supported that argument, saying that it is "inevitable that Red Hat will be subsumed into a larger entity, probably IBM." Egbert reiterated her Buy rating and upped her price target to $21, from $18.

Continue reading Red Hat 'inevitably' a target -- stock jumps 8%

Stocks in the news: GM, F, BA, MSFT, YHOO, GS, C, BIG, YUM, GES ...

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 ...

The week in preview: Earnings expectations for techs, Canadian banks

Results for the tech stocks in last week's preview were a mixed bag, some beats, some misses, some in line. By and large, expectations for tech companies reporting results this week remain high, though. Here's what analysts surveyed by Thomson Financial are anticipating in the way of earnings, as compared to the same period of the previous year.

Continue reading The week in preview: Earnings expectations for techs, Canadian banks

Closing Bell: Dow ends higher; HPQ, NOVL, PAY climb, EBAY, NVTL decline

Today started out as though we were going to break the losing streak. After a mixed trading day we markets indeed ended up higher to gain ground rather than posting a third day of triple-digit losses. Oil started out higher this morning, getting back over $116 per barrel before coming back down slightly.

Below are today's unofficial closing bell levels:
DJIA 11,482.33 (+69.78)
S&P500 1274.81 (+8.12)
NASDAQ 2,389.85 (+5.49)
10YR T-Note 3.799% (-0.043%)
52-Week Lows
Top Analyst Upgrades
Top Analyst Downgrades

Hewlett-Packard Co. (NYSE: HPQ) came out with strong earnings last night and guided inline to higher without the EDS integration. Shares were up almost 6% at $46.29 at the end of the day. This name alone is probably responsible for more cheers than any today as 32 million shares changed hands.

Continue reading Closing Bell: Dow ends higher; HPQ, NOVL, PAY climb, EBAY, NVTL decline

Earnings highlights: Dell, Sears, Costco, Heinz, Tiffany, Borders, DSW and others

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

Continue reading Earnings highlights: Dell, Sears, Costco, Heinz, Tiffany, Borders, DSW and others

Before the bell: MRVL, JCG, F, NOVL, TM, GM ...

Before the bell: Dell, oil help futures rise

Marvell Technology (NASDAQ: MRVL) reported late Thursday a first-quarter profit, beating analyst estimates. Revenue rose 27%. MRVL shares are up nearly 17% in premarket trading. J.P. Morgan upgraded Marvell from Neutral to Overweight and Oppenheimer from Perform to Outperform with a target price of $21.

J. Crew (NYSE: JCG) shares, on the other hand, are dropping over 18% after it said late Thursday it cut its full-year earnings outlook. Seems the high-flying retailer is not immune to weak U.S. consumer spending. Citigroup downgraded JCG from Hold to Sell and cut the target price from $42 to $34. Wachovia downgraded JCG from Outperform to Market Perform.

Ford Motor Co. (NYSE: F) shares are up over 1.3% this morning after Tracinda Corp., the investment arm of billionaire activist investor Kirk Kerkorian, said Friday it will waive a condition on its $170 million cash tender offer that the market price of Ford shares does not fall by 10% or more from its May 8 close of $8.20. Since the time of the offer to buy up to 20 million shares at $8.50 per share -- at the time a slight premium -- shares have fallen 18%. The offer expires June 9.

Continue reading Before the bell: MRVL, JCG, F, NOVL, TM, GM ...

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Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 10, 2012: 11:51 PM

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