Technical Analysis posts
FeedPosted Nov 10th 2009 12:30PM by Elizabeth Harrow (RSS feed)
Filed under: Analyst reports, Amer Intl Group (AIG), Options, Technical Analysis, Financial Crisis
Notorious insurance titan American International Group (AIG) is on the upswing today, after Moody's Investors Service reported late Monday that it expects AIG will be able to repay its government debt. The ratings agency observed that AIG has made progress with its restructuring plan, and the firm's latest quarterly earnings "show continued stabilization of the core insurance operations despite challenging market conditions."
The insurance issue has put many of its non-core assets up for sale during the past year to generate capital and pare its unwieldy size, but some of those plans have been iced by new CEO Robert Benmosche. Moody's likes the new chief's approach, with the firm observing, "We believe that the slower approach to restructuring could help AIG to generate more favorable values from its business portfolio than would be the case under rushed asset sales."
Continue reading American International Group rallies on Moody's report
Posted Nov 6th 2009 12:20PM by Elizabeth Harrow (RSS feed)
Filed under: Earnings reports, Forecasts, Technical Analysis
Shares of The Boston Beer Company (NYSE: SAM) surged to a new 52-week high Friday morning, after the brewmaster reported a third-quarter profit of $10.4 million, or 72 cents per share, on revenue of $108.7 million. The company swung to a loss of 2 cents per share in the third quarter of 2008, but attributed its turnaround to strong shipments and decreased advertising expenses.
The results were better than analysts expected, with consensus estimates calling for Boston Beer to bank a profit of 39 cents per share on $107.5 million. Looking forward, Boston Beer now expects full-year earnings of $1.75 per share to $2.05 per share, a marked increased from its prior forecast for a 2009 profit of $1.40 per share to $1.70 per share.
Continue reading Boston Beer blows away 3Q expectations, hikes 2009 forecast
Posted Nov 4th 2009 12:00PM by Elizabeth Harrow (RSS feed)
Filed under: Earnings reports, Forecasts, Technical Analysis
Traders initially seemed thrilled with Wednesday's third-quarter earnings report from Lumber Liquidators (NYSE: LL), but the stock then backpedaled into the red. The retailer banked a quarterly profit of $7.8 million, or 28 cents per share, up from its year-ago net income of $5.5 million, or 20 cents per share. Revenue for the period surged 14% to $140.5 million. The results comfortably outpaced analysts' consensus estimates, which called for a profit of 24 cents per share on $137.1 million in revenue.
Looking ahead, Lumber Liquidators is forecasting full-year revenue of $535 million to $543 million, up from its previous guidance of $528 million to $538 million. Earnings for fiscal 2009 are expected to range between 90 cents and 95 cents per share, compared to the retailer's previous forecast of 85 cents to 91 cents per share. Wall Street, on average, is expecting full-year earnings of 90 cents per share on $537.1 million.
Continue reading Lumber Liquidators rises, then falls, after solid 3Q report
Posted Nov 3rd 2009 9:45AM by Mark Fightmaster (RSS feed)
Filed under: Earnings reports, Polo Ralph Lauren'A' (RL)

This morning,
Polo Ralph Lauren (NYSE:
RL) reported that its second-quarter earnings
checked in at $178 million. This profit comes out to $1.75 per diluted share compared to $1.58 per diluted share for the same quarter last year. For the first six months of fiscal 2010, RL saw net income drop a percentage point, to $254 million. Per-share income totaled $2.51 per share, which was equal to those from a year ago.
RL Chairman and Chief Executive Officer, Ralph Lauren, noted that the results "confirm the resilience and vitality of our strategy and demonstrate the superb execution of our management team." The company noted that results have exceeded its expectations for the first half and upped its sales projections for the remainder of the year.
Continue reading Polo Ralph Lauren sees second-quarter income increase
Posted Nov 2nd 2009 11:20AM by Elizabeth Harrow (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Products and services, Competitive strategy, Google (GOOG), Motorola (MOT), Research in Motion (RIMM), Options
An article in Barron's suggests that Motorola (NYSE: MOT) is on the verge of regaining some of its former mojo. The company recently offered a solid outlook for the remainder of the year, and it could garner new business after debuting two smartphones featuring Google's (NASDAQ: GOOG) Android operating system -- namely, the Droid and the Cliq.
The author cites analyst Ed Snyder of Charter Equity Research, who believes Motorola is on the cusp of "an extended upswing in handsets ... over the next several quarters." Snyder believes that the firm's ailing handset division could achieve break-even results as soon as the second quarter of 2010.
Continue reading Barron's, Citigroup bet on a comeback for Motorola
Posted Oct 22nd 2009 10:40AM by Mark Fightmaster (RSS feed)
Filed under: Earnings reports, Amazon.com (AMZN)
After the closing bell on Thursday, internet retailer Amazon.com (NASDAQ: AMZN) will step into the earnings spotlight. Experts believe that Amazon will report third-quarter earnings of 33 cents per share with revenue of $5.03 billion. Amazon forecast third-quarter revenue of $4.75 billion to $5.25 billion. In last year's third quarter, Amazon earned 27 cents per share with revenue of $4.26 billion.
With the economy struggling, what should we expect from Amazon? Reportedly, ThinkEquity saw traffic data that implies Amazon's unique visitors rose 23% in the latest quarter. If this is the case, the retailer's sales should have received a bit of a push in the quarter, which could lead to higher earnings. In fact, the ThinkEquity analyst (Ed Weller) told the Associated Press that he expects Amazon to report earnings of 35 cents per share on revenue of $5.13 billion.
Continue reading Amazon.com earnings preview: Expectations too high for Q3?
Posted Oct 13th 2009 11:50AM by Elizabeth Harrow (RSS feed)
Filed under: Earnings reports, Domino's Pizza (DPZ), Options
The shares of Domino's Pizza (NYSE: DPZ) gapped sharply lower this morning, despite a stronger-than-expected third-quarter profit. Ahead of the bell, Domino's reported net income of $17.8 million, or 31 cents per share, for the quarter ended Sept. 6. Excluding a $14.3 million pretax gain, Domino's profit of 17 cents per share was two cents better than analysts expected.
However, revenue for the period tumbled 6.5% to $302.7 million, falling well short of consensus estimates for $308.9 million. Same-restaurant sales were flat in the U.S., although they were up 2.7% internationally. With top-line results softer than expected, the pizza chain cited lower interest expense and tighter cost controls for the robust bottom-line results.
Continue reading Domino's Pizza drops, despite 3Q profit surprise
Posted Oct 12th 2009 11:30AM by Elizabeth Harrow (RSS feed)
Filed under: Bad news
Depomed Inc. (NASDAQ: DEPO) opened Monday on a loss of nearly 50%, as traders panned the company's clinical trial results for Serada. The drug, which is intended to treat hot flashes related to menopause, met only one one of four co-primary goals in late-stage trials after 12 weeks.
Depomed was hoping to prove that Serada could help patients achieve a "statistically significant reduction in the frequency and severity of menopausal hot flashes." However, the company confessed that the placebo effect was unexpectedly high in clinical studies.
Continue reading Depomed sinks on dismal drug news
Posted Oct 11th 2009 12:00PM by Sam Collins (RSS feed)
Filed under: Technical Analysis, S and P 500, Stocks to Buy
Dollar Tree (NASDAQ: DLTR) has more than 3,500 stores that sell its inventory of toys, durable housewares, candy, seasonal goods, and so on for a $1. Its other stores, operating as Deal$, sell most of its inventory at $5 or less.
This deep-discount retailer is generally considered to be the leader of its class and is rated a "buy" (four stars) by S&P with a target of $59.
The stock executed a major long-term bullish breakout at around $45. Technically this breakout is major and targets the stock at over $65.
Continue reading Technical trade #6: Dollar Tree (DLTR)
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