casy posts

Feed

Week in Preview: Retail Sales, Consumer Credit and Earnings

earnings expectationsSo, 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

Closing Bell: When It Is All Priced In... (CASY, F, GRMN, TAP, OPEN, TGB)

The Republicans took the House of Representatives, but not the Senate, in the mid-term elections. That is exactly what the polls indicated ahead of time and just about exactly what the markets were pricing in. Then came Bernanke and the FOMC with the announcement of what exactly the new $600 billion in quantitative easing would look like. That was also priced in. As noted, it was all baked into the cake at current prices. Outside of a decent mood being prevalent today by many, stocks had a hard time deciding whether they wanted to be in the red or in the black.

Here were today's unofficial closing bell levels:

DJIA
NASDAQ
S&P500

Top Analyst Calls
ETFs For Quantitative Easing

Continue reading Closing Bell: When It Is All Priced In... (CASY, F, GRMN, TAP, OPEN, TGB)

Casey's General Stores Up Big After Q1 Results

Casey's General Stores (CASY), an operator in the convenience retail industry, is trading higher this afternoon after reporting earnings for the fiscal first quarter. I'd have to assume, however, that some of the bid is based on the idea of a takeover transaction eventually being completed, perhaps at a higher price.

According to Briefing.com, earnings of 81 cents per share merely met expectations. And sales of $1.36 billion came in slightly light of the analyst call. One very positive element to the story can be found in the press release. The dividend that will be delivered in November represents a 35% increase over the previous payout.

Continue reading Casey's General Stores Up Big After Q1 Results

The Week in Preview: Earnings Season Winds Down

Most of the S&P 500 have reported earnings results this quarter, but on tap this week are Brown-Forman Corp. (BF.B), National Semiconductor Corp. (NSM) and Pall Corp. (PLL), which are expected to post earnings growth, as well as H&R Block Inc. (HRB) and Kroger Co. (KR), which are not.

Most of the high expectations from analysts surveyed by Thomson Reuters are still with retailers this week, though. Here's a look at a few of them.

Continue reading The Week in Preview: Earnings Season Winds Down

Earnings highlights: AutoZone, Ciena, Costco, FedEx, Krispy Kreme, Kroger, MetLife, 3M ...

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 ...

Casey's General Stores profit up 23%, but revenue falls, misses estimates

After the markets closed Monday, Casey's General Stores Inc. (CASY), which operates some 1,400 convenience stores in the Midwest, released its financial results for the second quarter of fiscal 2010.

For the three months that ended October 31, 2009, Casey's reported earnings of $33.6 million, or $0.66 per share, which is up about 23% from $0.54 per share for the same quarter a year ago. The EPS growth was attributed to strong margins in all three of its categories: Prepared Foods/Fountain, Grocery/Other Merchandise, Gasoline.

Continue reading Casey's General Stores profit up 23%, but revenue falls, misses estimates

The week in preview: Profit expectations for Costco, Kroger, Movado and others

The earnings season, like the calendar year, is winding down. The sprinkling of quarterly results scheduled for this coming week include S&P 500 components AutoZone (AZO), Ciena (CIEN), H&R Block (HRB) and National Semiconductor (NSM), as well as Dollar General (DG), Imperial Sugar (IPSU), Krispy Kreme Doughnuts (KKD), Men's Wearhouse (MW), Talbots (TLB) and others.

Analysts surveyed by Thomson Reuters expect to see strong year-over-year and sequential EPS growth from luxury watchmaker Movado Group Inc. (MOV). During its third quarter of fiscal 2010, this Paramus, N.J.-based company was recognized for its innovative use of technology and it reported a big profit decline for the second quarter.

Continue reading The week in preview: Profit expectations for Costco, Kroger, Movado and others

The week in preview: It's Beige Book time again

Investors and analysts may be wondering whether the market rally is really over, and whether this signals more trouble ahead for the economy. Well, the Federal Reserve is scheduled to release its next Beige Book report of economic conditions on Wednesday, offering a glimpse of where things stand. The Beige Book report in July suggested that, in some of the 12 Fed districts, the economy appeared to be stabilizing, suggesting that the recession may have reached its bottom, but offering little sign of a recovery. Retail activity remained weak and employment numbers were not good. Yet the minutes of the FOMC August meeting seemed a bit more optimistic about the economy.

In addition to the Beige Book report, the TIPP Economic Optimism Index is scheduled to be released Tuesday, and the University of Michigan Consumer Sentiment Index comes out Friday. So by the end of the week, we could have a good gauge of the mood about the U.S. economy.

Continue reading The week in preview: It's Beige Book time again

The week in preview: Still seeking good news

Well, last week's Beige Book report and other indicators didn't in fact make it clear whether economic recovery is underway. So what do we have to look forward to this week?

There's Treasury Secretary Timothy Geithner's testimony at the House Committee Hearing on the Financial Regulation Plan on Wednesday evening. Or how about the bankruptcy filings for the second quarter or Leading Indicators Index for May, scheduled to be released Monday afternoon and Thursday morning, respectively. Will they provide a clear signal about the direction of the economy? Probably not.

Continue reading The week in preview: Still seeking good news

Analyst upgrades, downgrades and initiations: URBN, ACAS, CAT, F, A, COF ...

Analyst upgrades:
  • Keefe Bruyette upgraded IberiaBank (NASDAQ: IBKC) to Market Perform from Underperform following the company's capital raise, which the firm believes strengthens IberiaBank's balance sheet. Baird upgraded IberiaBank to Outperform from Neutral based on valuation following weakness related to the $100M capital raise.
  • Pali upgraded shares of Urban Outfitters (NASDAQ: URBN) to Neutral from Sell on valuation as they believe the company's comp slowdown is largely priced in at current levels.
  • Morgan Keegan upgraded Casey's General Store (NASDAQ: CASY) to Outperform from Market Perform based on valuation, healthy SSS, and easing comps.
  • Cabot OIl & Gas (NYSE: COG) and Royal Dutch Shell (NYSE: RDS.A) were added to Goldman's Conviction Buy List.
  • American Capital (NASDAQ: ACAS) was raised to Market Perform from Underperform at Friedman Billings.
  • CIBC lifted Manulife (NYSE: MFC) to Sector Outperformer from Sector Performer.
Analyst downgrades:
  • Goldman downgraded Caterpillar (NYSE: CAT) to Sell from Neutral based on expectations for reduced capex spending by mining and oil & gas companies and the impact from the credit crunch.
  • Deutsche Bank downgraded auto companies and suppliers as they believe the failed government bailout increases risks. Ford (NYSE: F), American Axle (NYSE: AXL), Magna International (NYSE: MGA) and Lear (NYSE: LEA) were downgraded to Sell from Hold.
  • SAP (NYSE: SAP) was cut to Hold from Buy at Jefferies to reflect the "deteriorating" corporate IT spend environment.
  • Waters (NYSE: WAT) was downgraded to Neutral from Overweight at JP Morgan.
  • Agilent (NYSE: A) was lowered to Equal Weight from Overweight at Barclays; the firm also downgraded Varian (NASDAQ: VARI) to Underweight from Equal Weight.
Analyst initiations:
  • Jefferies believes Core Laboratories (NYSE: CLB) is well positioned to benefit from the increasing need for reservoir optimization services. Shares were initiated with a Buy rating and $70 target.
  • Deutsche Bank initiated Capital One (NYSE: COF) with a Sell rating and $24 target, citing the difficult economic environment and the potential for higher credit losses.
  • Soleil started Hexcel (NYSE: HXL) with a Buy rating and $10 target and expects the company's military business to remain strong through 2010.
  • On Semiconductor (NASDAQ: ONNN) was assumed with a Neutral rating and $3.80 target at UBS.
  • Cbeyond (NASDAQ: CBEY) was initiated at Oppenheimer with a Perform rating.
  • Brocade (NASDAQ: BRCD) was started with a Neutral rating at Piper Jaffray.

The week in preview: Have consumers turned to comfort food and used cars?

While the earnings crunch for this quarter is all but over, there is still plenty of action in the earnings arena this coming week. For instance, analysts surveyed by Thomson Financial are expecting America's Car Mart Inc. (NASDAQ: CRMT) and Campbell Soup Co. (NYSE: CPB) to be among this week's top earnings gainers.

Bentonville, Ark.-based America's Car Mart is expected to post net income of 38 cents per share (up 52.6% from the same period a year ago) on revenue of $73.8 million (up 25.8%). The used car dealer chain has tended in recent quarters toward positive surprises -- by 21 cents per share, or 73.5%, in the previous quarter. The long-term EPS growth forecast is 15%, about the same as the S&P 500. The consensus recommendation of analysts is to buy CRMT.

Campell is tentatively scheduled to report this week, and the world's biggest soup maker is expected to post net income of 25 cents per share (up 44.0% from a year ago) on revenue of $1.7 billion (up 7.5%). The Camden, N.J.-based company has just missed earnings estimates in the past three quarters. Its long-term EPS growth forecast is 7.5%, which is less than the industry average, but about the same as rivals Kraft Foods (NYSE: KFT) and Heinz (NYSE: HNZ). The analysts' consensus recommendation is currently to buy Campbell.

Other anticipated double-digit earnings gainers scheduled to report this week include brand name apparel maker Guess Inc. (NYSE: GES), mining equipment maker Joy Global (NASDAQ: JOYG), and chip maker National Semiconductor (NYSE: NSM). And Take-Two Interactive Software (NASDAQ: TTWO) is expected to swing to a profit.

Continue reading The week in preview: Have consumers turned to comfort food and used cars?

Casey's General Stores (CASY): Price defines bullish 'flag' consolidation

Casey's General Stores (NASDAQ: CASY) operates, or franchises, more than 1,450 mid-western convenience stores, mostly in Illinois, Iowa, and Missouri. The outlets sell beverages, gasoline, groceries and prepared foods. Casey's also carries tobacco, health and beauty aids, automotive products, ammunition, housewares and photo supplies.

The firm had good news for investors earlier in the month, when it announced fiscal Q4 EPS of 28 cents and revenues of $1.2 billion. Analysts were expecting 25 cents and $1.19 billion. Management also presented an aggressive series of operating and financial goals for the new fiscal year and the board approved a 15% increase in the quarterly dividend.

Continue reading Casey's General Stores (CASY): Price defines bullish 'flag' consolidation

Earnings highlights: Toll Bros., National Semiconductor, Dr Pepper, Guess and others

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

See also: Earnings highlights: Wal-Mart, Lehman Bros., Take-Two, Ciena, Trina Solar and others

Also, continued real estate losses are expected to hurt the quarterly reports of banks such as like Wachovia (NYSE: WB), Wells Fargo (NYSE: WFC), and National City (NYSE: NCC). And Steven Mallas wonders why Playboy (NYSE: PLA) shares have tanked since its last earnings report.

Upcoming results to watch for include Krispy Kreme (NYSE: KKD), Pall Corp. (NYSE: PLL), Pep Boys (NYSE: PBY), Korn Ferry (NYSE: KFY), and Casey's General Stores (NASDAQ: CASY).

Visit AOL Money & Finance for more earnings coverage.

Earnings highlights: Wal-Mart, Lehman Bros., Take-Two, Ciena, Trina Solar and others

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

See also: Earnings highlights: Toll Bros., National Semiconductor, Dr Pepper, Guess and others

Also, continued real estate losses are expected to hurt the quarterly reports of banks such as like Wachovia (NYSE: WB), Wells Fargo (NYSE: WFC), and National City (NYSE: NCC). And Steven Mallas wonders why Playboy (NYSE: PLA) shares have tanked since its last earnings report.

Upcoming results to watch for include Krispy Kreme (NYSE: KKD), Pall Corp. (NYSE: PLL), Pep Boys (NYSE: PBY), Korn Ferry (NYSE: KFY), and Casey's General Stores (NASDAQ: CASY).

Visit AOL Money & Finance for more earnings coverage.

Analyst downgrades: EMC, ACGY, CASY, WGOV, SEE and COCO

MOST NOTEWORTHY: Acergy, Casey's General and Corinthian Colleges were today's noteworthy downgrades:
  • Citigroup downgraded shares of Acergy (NASDAQ: ACGY) to Sell from Hold as they see risk to the company's backlog and believes the recent share rally is not supported by business operations.
  • Casey's General (NASDAQ: CASY) was downgraded at Friedman Billings to Underperform from Market Perform citing headwinds that include weak gas comps.
  • Banc of America downgraded shares of Corinthian Colleges (NASDAQ: COCO) to Neutral from Buy as they believe the post-legislation lending overhang will limit further share upside until COCO can show its students can access federal funds with minimal disruption.
OTHER DOWNGRADES:
  • Bernstein cut EMC Corp (NYSE: EMC) to Market Perform from Outperform.
  • Baird lowered Woodward Governor (NASDAQ: WGOV) to Neutral from Outperform.
  • Merrill downgraded Sealed Air (NYSE: SEE) and Bemis (BMS) to Sell from Neutral.

Next Page >

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

Last updated: February 11, 2012: 03:40 AM

Hot Stocks

General Electric

18.875-0.255(-1.33)

Alcoa

10.29-0.35(-3.29)

Apple Inc

493.42+0.25(+0.05)

Google Inc 'A'

605.91-5.55(-0.91)

Bank of America

8.07-0.11(-1.34)

Wal-Mart Stores

61.90-0.06(-0.10)

Exxon Mobil Corp

83.80-1.08(-1.27)

Ford

12.44-0.25(-1.97)

Citigroup

32.925-0.735(-2.18)

IBM

192.42-0.71(-0.37)

Yahoo

16.14+0.14(+0.88)

Starbucks

48.82-0.38(-0.77)

Microsoft

30.495-0.275(-0.89)

Home Depot

45.33+0.06(+0.13)

DailyFinance Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

Page Loaded in 1328949601285 ms.