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FeedPosted Dec 5th 2010 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Forecasts, AutoZone Inc (AZO), Smithfield Foods (SFD), Economic Data
After a week full of mixed economic data taking its toll on the markets, things will settle down somewhat this coming week.
- Monday: Fed releases October data on consumer credit outstanding.
- Tuesday: TIPP Economic Optimism Index is due.
- Wednesday: Labor Dept. offers initial jobless claims numbers for last week, EIA's crude oil inventory last week, October wholesale trade numbers from the Census Bureau.
- Friday: Trade balance data for October, Bureau of Labor Statistics releases its Import Price Index for November, preliminary Michigan Consumer Sentiment Index is due, and the Treasury Dept. releases the federal budget balance in November.
Continue reading Week in Preview: A Bit of a Breather (AZO, DG, SFD)
Posted Nov 10th 2010 11:20AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Novartis AG ADS (NVS), Charles Schwab Corp (SCHW), Dean Foods (DF), Analyst Initiations, Las Vegas Sands (LVS)
Analyst Upgrades
- Advance Auto Parts (AAP) was upgraded to Perform from Underperform at Oppenheimer.
- Macquarie upgraded Gen-Probe (GPRO) and Beckman Coulter (BEC) to neutral from underperform.
- Tyco (TYC) was upgraded to neutral from reduce at Nomura.
- BofA/Merrill upgraded Cousins Properties (CUZ) to buy from underperform.
- Morgan Stanley upgraded Energy Conversion (ENER) to equal weight from underweight.
- Thermo Fisher (TMO) was upgraded to buy from hold at Auriga.
Continue reading Analyst Calls: AAP, DF, ENER, KEYW, LVS, NVS, SCHW, SLW, TYC ...
Posted Sep 14th 2010 4:40PM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Buy

During uncertain economic conditions, it's best to consider investing in a demonstrated business model or two, and auto parts chain Advance Auto Parts (
AAP), first discussed here
on May 19, 2009 at a price of $43.38, is one.
Advance Auto's 2010 sales will likely increase 5-7% in 2010, followed by a 4-6% gain in 2011, boosted by the opening of about 150 new stores. Same store sales should increase 4-6% in 2010.
Also, margins should increase, aided by efficiency improvements, and market-appropriate prices.
Continue reading Advance Auto Parts: Ride the Used Car Maintenance Wave
Posted Aug 13th 2010 10:00AM by Laurie Pasternack (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Brinker Intl (EAT), Analyst Initiations
Analyst Upgrades
- BMO Capital upgraded Concho (CXO) to outperform from market perform and has a $73 price target on the stock. The firm cites valuation and sustainable growth for the upgrade.
- Sterne Agee upgraded City Holding (CHCO) to buy from neutral based on valuation. The firm has a $34 target on the stock.
- UBS upgraded Werner Enterprises (WERN) to neutral from sell based on valuation. The firm raised its price target to $21.50 from $21.
- Nvidia (NVDA) was upgraded to equal weight from underweight at Morgan Stanley.
- Colfax (CFX) was upgraded to neutral from underperform at BofA/Merrill.
- Camden Property (CPT) was upgraded to top pick from outperform at RBC Capital.
Continue reading Analyst Calls: CHCO, CXO, EAT, EDMC, GPC, NVDA, PJC, WERN ...
Posted May 12th 2010 1:30PM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Buy

It goes without saying that auto parts chains are favored in this neck of the woods. And Advance Auto Parts (
AAP), first discussed here
on May 19, 2009 at a price of $43.38, fits the bill.
Look for AAP's 2010 sales to increase 5-7% in 2010, followed by a 4-6% gain in 2011, aided by the opening of about 150 new stores. Same store sales should increase 2-3% in 2010.
Meanwhile, margins should increase, aided by efficiency improvements, and better price determinations.
Continue reading Advance Auto: Used Car Maintenance Play
Posted Apr 14th 2010 12:00PM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Bed Bath and Beyond (BBBY), Goldman Sachs Group (GS), Analyst Initiations, Time Warner Cable (TWC)
Analyst Upgrades
- Morgan Joseph upgraded Cree (CREE) to buy from hold ahead of Tuesday's Q3 report. The firm, which has a $100 price target on the stock, expects LED demand to drive revenue growth as both China and the U.S. are increasingly strong.
- Janney Montgomery upgraded Salesforce.com (CRM) to buy from neutral on expectations the company will benefit from the migration of software to SaaS deployments. The firm upped its target price for shares to $94 from $67.
- Barrington upgraded Henry Schein (HSIC) to outperform from market perform, citing an attractive valuation, increased confidence in the outcome of the Butler-Schein Animal Health integration and improving momentum in dental equipment. The firm has a $74 price target for shares.
- Advance Auto Parts (AAP) was upgraded to buy from hold at BB&T.
- Red Hat (RHT) was upgraded to outperform from perform at Oppenheimer.
- UBS (UBS) was upgraded to overweight from neutral at HSBC.
Continue reading Analyst Calls: BBBY, CREE, CRM, DNDN, FSLR, GS, MOS, TWC, TYG, UBS ...
Posted Jan 20th 2010 11:00AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, International Business Machines (IBM), Archer-Daniels-Midland (ADM), Dow Chemical (DOW), Analyst Initiations
Analyst Upgrades
- Canaccord upgraded IBM (IBM) to buy from hold, citing the better-than-expected Q4 report, an ongoing economic recovery and higher IT budgets. The firm raised its target to $150 from $130.
- Citigroup upgraded Archer Daniels Midland (ADM) to buy from hold to reflect strength in the oilseed processing market and a positive inflection in ethanol profitability. The firm raised its target on shares to $37 from $33.
- FBR Capital upgraded Tesco (TESO) to outperform from market perform on expectations the company's top drive orders will accelerate in the coming quarters. The firm raised its target price on shares to $18.
- CBS (CBS) was upgraded to buy from hold at Jefferies.
- HSBC Holdings (HBC) was upgraded to buy from hold at RBS.
- Essex Property Trust (ESS) was upgraded to overweight from equal weight at Barclays.
Continue reading Analyst upgrades, Downgrades and Initiations: ADM, CBS, CPO, DOW, DD, IBM, KAR, TSCO ...
Posted Dec 12th 2009 11:20AM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, 3M Corporation (MMM), Krispy Kreme Doughnuts (KKD), AutoZone Inc (AZO), H and R Block (HRB), Ciena Corp (CIEN), Kroger Co (KR), Costco Wholesale (COST), FedEx Corp (FDX), Smithfield Foods (SFD), Texas Instruments (TXN), MetLife Inc. (MET)
Here are some highlights from this past week's earnings coverage on BloggingStocks:
- Advance Auto Parts Inc. (AAP) was downgraded due to concerns about its 2010 earnings outlook.
- Analogic Corp. (ALOG) received an analyst's downgrade after it reported weaker-than-expected earnings.
- AutoZone Inc. (AZO) strong Q1 results beat earnings expectations, but shares rose only a little.
- BWAY Holding Co. (BWY) received an analyst's upgrade following release of its Q4 results.
- Casey's General Stores Inc. (CASY) topped Q2 earnings estimates but lower revenue fell short.
- Ciena Corp. (CIEN) shares plummeted after it fell short of its earnings expectations for Q4.
Continue reading Earnings highlights: AutoZone, Ciena, Costco, FedEx, Krispy Kreme, Kroger, MetLife, 3M ...
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