cal posts
FeedPosted Jul 26th 2009 10:10AM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Starbucks (SBUX), Coca-Cola (KO), Amazon.com (AMZN), Ford Motor (F), McDonald's (MCD), Netflix, Inc. (NFLX), Hershey Co (HSY), Kimberly-Clark (KMB), Merck and Co (MRK), Hasbro Inc (HAS), Contl Airlines'B' (CAL)
Continue reading Earnings highlights: Amazon, Coca-Cola, Ford, McDonald's, Merck, Starbucks ...
Posted Jul 24th 2009 3:00PM by Tom Taulli (RSS feed)
Filed under: General Motors (GM), Private equity
Private equity is about continuous dealmaking. But, with the wrenching credit crunch, activity has been horrible.
So, what to do? Interestingly enough, it looks like some of the top private equity operators are signing up for board duties.
Look at GM, which this week announced five new members to its board. In fact, three of them are from major private equity firms: The Carlyle Group's Daniel Akerson, S. J. Girsky & Co.'s Stephen Girsky and TPG's David Bonderman.
What's going on here? True, private equity has taken quite a few lumps over the past couple years. For example, Bonderman lost a bundle on his Washington Mutual transaction (which was one of the worst private equity deals in history).
Continue reading Next big thing for private equity? Board assignments
Posted Jul 2nd 2009 9:50AM by Laurie Pasternack (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Cisco Systems (CSCO), Southwest Airlines (LUV), Contl Airlines'B' (CAL), Analyst initiations, Johnson Controls (JCI), Juniper Networks (JNPR), Delta Air Lines (DAL)
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Analyst upgrades:
- Citigroup upgraded Adtran (NASDAQ: ADTN) to Buy from Hold on expectations the company will benefit from the broadband Stimulus funds.
- Morgan Stanley upgraded Continental Airlines (NYSE: CAL) to Overweight from Equal Weight based on relative valuation and views the company as a "survivor." Additionally, the analyst lowered 2009 industry estimates but believes it is the last cut for the year and is incrementally more positive on the sector.
- Morgan Stanley also upgraded EXFO Electro-Optical (NASDAQ: EXFO) to Overweight from Market Weight based on valuation.
- Tata Motors (NYSE: TTM) was upgraded to Buy from Hold at Deutsche Bank.
- Ascent Solar (NASDAQ: ASTI) was upgraded to Neutral from Underweight at JP Morgan.
- Mechel Steel (NYSE: MTL) was upgraded to Neutral from Underperform at Credit Suisse.
Continue reading Analyst upgrades, downgrades and initiations: ADTN, CAL, EXFO, JCI, LUV, VAR, CSCO, KMT, EZCH
Posted Jun 2nd 2009 11:30AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Allergan (AGN), Lockheed Martin (LMT), Contl Airlines'B' (CAL), Analyst initiations, Juniper Networks (JNPR), Visa Inc. (V)
Analyst upgrades:
- Jefferies upgraded MDS Inc. (NYSE: MDZ) to Buy from Hold on valuation as it believes shares are pricing in a "worst case" scenario at current levels. The firm keeps a $6.50 target on the stock.
- JP Morgan upgraded Continental (NYSE: CAL) to Overweight from Neutral on valuation as it believes the recent sell-off is overdone. The firm keeps a $13 price target on the stock.
- Thomas Weisel is positive on Allergan's (NYSE: AGN) diverse product portfolio, global infrastructure, vertical integration, and deep pipeline. The firm upgraded shares to Overweight from Market Weight and has a $54 target on the stock.
- NetLogic (NASDAQ: NETL) was upgraded to Buy from Neutral at Piper.
- Dover (NYSE: DOV) was raised to Buy from Neutral at Banc of America/Merrill.
- Map Pharmaceuticals (NASDAQ: MAPP) was upgraded at Argus to Hold from Sell.
Continue reading Analyst upgrades, downgrades and initiations: CAL, NETL, MAPP, DDUP, LMT ...
Posted Apr 25th 2009 8:40AM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Microsoft (MSFT), Apple Inc (AAPL), Ford Motor (F), American Express (AXP), Boeing Co (BA), Hershey Co (HSY), Coach Inc (COH), Yum Brands (YUM), Contl Airlines'B' (CAL), Wells Fargo (WFC), JetBlue Airways (JBLU), SanDisk Corp (SNDK)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Apple, Ford, Microsoft, Wells Fargo, Boeing, American Express and more
Posted Apr 22nd 2009 10:30AM by Mark Fightmaster (RSS feed)
Filed under: Earnings reports, Contl Airlines'B' (CAL)
It was a rough first quarter for
Continental Airlines (NYSE:
CAL), as the air carrier announced that it
lost $136 million thanks to falling traffic. In addition, CAL saw a large amount of business travelers switching out of first class to save a few bucks in coach. During the quarter, CAL lost $1.10 per share. Excluding charges, CAL would have lost $1.07 per share. While the loss was larger than last year's first-quarter loss of 82 cents per share, CAL did manage to beat the Street's expected loss of $1.19 per share.
Quarterly revenue dropped to $3 billion from $3.57 billion last year, slightly higher than the expected $2.98 billion. CAL saw sales drop across all regions, with the U.S. and trans-Atlantic routes falling the most. CAL saw traffic drop 11.2% compared to a year ago, with empty planes outweighing the flights CAL cut. The company noted that it was helped by dropping fuel prices, as it spent nearly 42% less on fuel compared to a year ago.
Continue reading Continental Airlines posts a first-quarter loss, but tops expectations
Posted Feb 13th 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: Microsoft (MSFT), PepsiCo (PEP), Research in Motion (RIMM), Abercrombie and Fitch (ANF), Palm Inc (PALM), Contl Airlines'B' (CAL)
Today was almost as fitting as you could get for a Friday ahead of a 3-day weekend. It felt quiet and directionless, despite a huge late-day recovery just the day before. It was as if the markets had no serious direction ahead of a long weekend even though the stimulus package essentially looks like a done deal and even with banks halting all foreclosure activities for a brief period of time.
Here are today's unofficial closing bell levels:
Dow 7,849.13 -83.63 (-1.05%)
S&P 500 826.70 -8.49 (-1.02%)
Nasdaq 1,534.36 -7.35 (-0.48%)
10YR T-NOTE 2.88% (+0.12%)
Top Analyst UpgradesContinue reading Closing Bell: Market mixed, Palm rating raised, Microsoft to open retail stores, and Pepsico signals earnings growth
Posted Feb 13th 2009 8:10AM by Melly Alazraki (RSS feed)
Filed under: Earnings reports, Deals, Microsoft (MSFT), Apple Inc (AAPL), Starbucks (SBUX), Coca-Cola (KO), PepsiCo (PEP), Toyota Motor Corp. (TM), Abercrombie and Fitch (ANF), Rio Tinto plc ADS (RTP), Wells Fargo (WFC), Nissan Motors (NSANY)
Stocks are set for a mixed start as investors keep watching -- and waiting for more details -- the different government plans to bailout the financial market, stimulate the economy and aid homeowners. More here:
Before the bell: Stocks set for a mixed start as investors watch government's plans
PepsiCo (NYSE: PEP) -- Can the Coca-Cola (NYSE: KO) rival follow in its competitor's footsteps as it reports earnings today and post results the market is happy with?
Pepsico reported that
fourth-quarter profit fell partly on restructuring and impairment charges, but adjusted results were $1.39 billion, or 88 cents per share, inline with analysts' expectations. PEP shares traded nearly 1% higher in premarket trade, despite saying it forecasts pressure from a stronger dollar.
PEP shares were some 2.5% higher by 11 am.Toyota Motor Corp. (NYSE: TM) will
freeze wages, cut pay for factory executives, eliminate bonuses for all salaried employees and offer voluntary redundancy to plant workers in North America for the first time as it widens output cuts to adjust for slumping vehicle demand. TM shares traded lower in premarket action.
TM shares declined some about 1.9% by 11 am.Continue reading Stocks in the news: PEP, TM, NSANY, ANF, CAL, MSFT, SBUX, RTP, MFE ...
Posted Feb 13th 2009 12:25AM by Sarah Gilbert (RSS feed)
Filed under: Contl Airlines'B' (CAL)
At about 10:20 EST, Continental Flight 3407 (also reported as 1304), a commuter plane out of Newark,
crashed into a home in Buffalo, New York. According to reports,
all 48 people aboard -- 44 passengers and four crew members -- and one person on the ground were killed.
The scene is currently engulfed in flames. The plane had been quite late departing Newark was arriving two hours past its scheduled time when it crashed about 10 miles from Buffalo Niagara International Airport. The Q400 Bombardier aircraft was flying in fog, snow and wind.
After
last month's crash landing of a US Airways flight, airline stocks have taken quite a hit, all down as much as 50% since their highs in early January. Good news for the crew of flight 1549 did not translate into good news for
US Airways (NYSE:
LCC), and certainly not for
Continental Airlines Inc. (NYSE:
CAL). Though the airline's stock will likely see big volatility at the start of trading on Friday, I don't expect this news to majorly impact the fortunes of either Continental or US Airways over the next 30 days.
Posted Sep 15th 2008 12:03PM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, JPMorgan Chase (JPM), D.R.Horton (DHI), Goldman Sachs Group (GS), Amer Intl Group (AIG), Lowe's Cos (LOW), AMR Corp (AMR), Contl Airlines'B' (CAL), Analyst initiations, JetBlue Airways (JBLU), Delta Air Lines (DAL), , Potash Corp. of Saskatchewan (POT)
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Analyst upgrades:
- UBS believes US airlines estimates are too low and will move higher. The firm upgraded AirTran (NYSE: AAI), AMR Corp (NYSE: AMR), Continental (NYSE: CAL), Delta (NYSE: DAL) and Northwest (NYSE: NWA) to Buy from Neutral and JetBlue (NASDAQ: JBLU) to Neutral from Sell.
- JMP Securities upgraded DealerTrack (NASDAQ: TRAK) to OUtperform from Market Perform as they believe 2H08 guidance represents a floor and that 2009 estimates are achievable, among other reasons.
- Potash (NYSE: POT) and Mosaic (NYSE: MOS) were raised to Buy from Hold at Soleil.
- Argus upgraded Seagate (NYSE: STX) to Buy from Hold on Friday.
Analyst downgrades:
- Jefferies downgraded Citrix Systems (NASDAQ: CTXS) to Underperform from Hold as they do not see a catalyst for the company to grow into 2009 consensus estimates. The firm lowered their target price to $25 from $32.
- Citigroup said following Lehman's (NYSE: LEH) bankruptcy, they expect a distressed-sale of American International's (NYSE: AIG) MBS portfolio, resulting in the worst quarter yet for the company. Shares were cut to Hold from Buy.
- D.R. Horton (NYSE: DHI) was downgraded to Sell from Hold and Pulte Homes (NYSE: PHM) was downgraded to Hold from Sell at Citigroup.
- Merrill downgraded Goldman Sachs (NYSE: GS) to Neutral from Buy and JP Morgan (NYSE: JPM) to Underperform from Neutral.
Continue reading Analyst calls: AAI, AMR, CAL, POT, AIG, DHI, PHM, GS, JPM, LOW ...
Posted Sep 11th 2008 12:59PM by Brent Archer (RSS feed)
Filed under: Major movement, Good news, Industry, Contl Airlines'B' (CAL), Options, Technical Analysis, Oil
Continental Airlines (NYSE:
CAL -
option chain) shares are soaring higher today after the company announced that
it expects more than $100 million a year in fees and savings by charging travelers to check luggage. Obviously, checked luggage fees irritate travelers, but it is good for the company, then it should be good for the stock, and if you make a little money on the stock then you can afford to pay the extra fees and maybe even a mini-bottle of whiskey too. CAL is also getting a lift today from the drastic
slide in oil prices, which have almost dropped below $100. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on CAL.
CAL opened this morning at $15.52. So far today the stock has hit a low of $15.13 and a high of $17.90. As of 12:10, cAL is trading at $17.62, up $1.55 (9.6%). The chart for CAL looks neutral and
S&P gives CAL a 3 STARS (out of 5) hold ranking.
For a bullish hedged play on this stock, I would consider an October
bull-put credit spread below the $10 range. A bull-put credit spread is an options position that combines the purchase and sale of put options to hedge risk in case the stock doesn't do what you think but still leverage nice returns. For this particular trade, we will make an 8.7% return in just five weeks as long as CAL is above $10 at October expiration. Continental would have to fall by more than 43% before we would start to lose money. Learn more about this type of trade
here.
CAL hasn't been below $10 since mid-July and has shown support around $15 recently.
Brent Archer is an options analyst and writer at Investors Observer.
DISCLOSURE: Mr. Archer owns and/or controls diversified portfolios of long and short stock and option positions that may include holdings in companies he writes about. At publication time, Brent neither owns nor controls positions in CAL.Posted Sep 2nd 2008 9:00AM by Jim Cramer (RSS feed)
Filed under: Dell (DELL), Wal-Mart (WMT), PepsiCo (PEP), Market matters, Penney (J.C.) (JCP), Best Buy (BBY), Sears Holdings (SHLD), General Mills (GIS), Procter and Gamble (PG), Kohl's Corp (KSS), AMR Corp (AMR), Contl Airlines'B' (CAL), Economic data, Oil, Jones Apparel Group (JNY), Polo Ralph Lauren'A' (RL), Urban Outfitters (URBN), Stocks to Buy, Cramer on BloggingStocks
TheStreet.com's Jim Cramer says with gas coming down further, the coming rally could be broad and fierce. The great hurricane fakeout leaves us with oil much lower than it began, having launched itself from $112. Now that the $110 level's been breached and natural gas has gone as low as $7.50, we can begin to put together a holiday scenario that might -- just might -- explain the incredible run in retail that's been going on.
The presumption in retail, if you use
Wal-Mart (NYSE:
WMT) (
Cramer's Take) as retail, was that once the stimulus wore off, presumably last month, the stocks would get hammered. On Aug. 7, Wal-Mart as much as told you that, and the stock dropped to $57 from $60.90.
Ever since then, it has been creeping up.
Kohl's (NYSE:
KSS) (
Cramer's Take) dropped a point from that warning, going from $45 to $44. It is now at $49.
Macy's (NYSE:
M) (
Cramer's Take) went from $19.80 to $18.90 before bouncing to $20.82.
Jones (NYSE:
JNY) (
Cramer's Take) went from $17.40 to $17.20 before roaring to $19.80.
Ralph Lauren (NYSE:
RL) (
Cramer's Take), because of a great quarter, didn't even get hurt, rallying from $67 to $75.
Continue reading Cramer on BloggingStocks: This retail tide can lift all boats
Next Page >
American Airlines (NYSE: AMR - option chain) shares are rising today along with most other major airlines this morning after the International Air Transport Association said international passenger demand rose 0.3% year-over-year in September, the first month of growth in the past year. AMR, Delta (NYSE: DAL), Continental (NYSE: CAL) and United (NASDAQ: UAUA) are all in the green between 2% and 3% so far today. If you think that AMR won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on the stock.
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