dlm posts
FeedPosted Nov 26th 2010 1:00PM by Jon Ogg (RSS feed)
This may have been Black Friday for the retailers, but the shortened Friday session felt like a Red Friday for investors. Continuing concern about Irish banks, Portuguese debt, and tension in Korea all weighed on investors. The National Federation of Retailers predicted some 138 million shoppers will be trolling for bargains this weekend, up from 134 million last year. The U.S. dollar continues to gain strength against the euro, the yen, and the British pound. Here are the unofficial closing bell levels:
DJIA: 11,092.00, -95.29, -0.85%
S&P 500: 1,189.40. -8.95, -0.75%
NASDAQ: 2,534. -8.56, -0.34%
Top Analyst Calls
Continue reading Closing Bell: Retailers Optimistic, Traders Less So (DLM, CPII, CDTI, EEM, F)
Posted Nov 8th 2010 12:00PM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Intel (INTC), Alcatel-LucentADS (ALU), Analyst Initiations
Analyst Upgrades
- Intel (INTC) was upgraded to buy from neutral at UBS.
- Wells Fargo upgraded MetroPCS (PCS), Coventry Health (CVH) and Scientific Games (SGMS) to outperform from market perform.
- Estee Lauder (EL) was upgraded to overweight from equal weight at Barclays.
- Simon Property (SPG) was upgraded to buy from hold at Jefferies.
- Citigroup upgraded BreitBurn Energy (BBEP) to buy from hold.
Continue reading Analyst Calls: ALU, AVP, BRCD, CVH, DISH, EL, INTC, NSM, PCS, SWY ...
Posted Sep 3rd 2010 6:30PM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, ConAgra Foods (CAG), Kraft Foods'A' (KFT)
Del Monte Food Company's (DLM) stock wasn't one you wanted to be in today. Especially at a time when the bulls are in charge. The company, whose colleagues include ConAgra Foods, Inc. (CAG) and Kraft Foods Inc. (KFT), was down 2.1% to $12.56 about thirty minutes before the close of the session.
First-quarter data was reported by the business this morning. The market obviously wasn't too pleased. According to an article over at TheStreet.com, profit from continuing operations was 29 cents per share. This figure was two pennies above the estimate generated by the analysts. No matter what the traders are doing to the stock, at least shareholders can be happy about that aspect of the period.
Continue reading Del Monte Falls Despite Market Rally
Posted Jun 6th 2010 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Forecasts, Economic Data, Federal Reserve
The Federal Reserve's next Beige Book report is scheduled to be released this week. This report is a compilation of anecdotal information on current economic conditions from each of the 12 Federal Reserve Bank districts, and it is released eight times a year. The data comes from interviews with business contacts, economists, market experts, and other sources. The June report is expected to show strengthening signs of expansion, though results could be mixed across the 12 districts.
Economic data due out this week include:
Continue reading The Week in Preview: Beige Book, Federal Budget, Retail Sales
Posted Mar 31st 2010 11:00AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Analyst Initiations
Analyst Upgrades
- FBR Capital upgraded Digital River (DRIV) to outperform from market perform on expectations the company's business activity is improving. The firm raised its price target for shares to $36 from $25.
- Cowen upgraded Carpenter Technology (CRS) to outperform from neutral, citing expectations for a restocking turnaround for the upgrade.
- Och-Ziff Capital (OZM) was upgraded to outperform from market perform at William Blair.
- Wellpoint (WLP) was upgraded to outperform from market perform at BMO Capital.
- Kohlberg Capital (KCAP) was upgraded to hold from sell at Stifel Nicolaus.
Continue reading Analyst Calls: CIT, CRS, DLM, DRIV, HP, NVO, OXGN, SAI, WLP ...
Posted Dec 5th 2009 12:40PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Netflix, Inc. (NFLX), Staples Inc (SPLS), Toll Brothers (TOL), Marvell Technology Group (MRVL)
Here are some highlights from this past week's earnings coverage on BloggingStocks:
- Aeropostale Inc. (ARO) strong Q3 results topped analysts expectations, and it offered Q4 earnings guidance.
- Cascade Corp. (CASC) reported a surprise Q3 profit but lower revenue fell short of expectations.
- Collective Brands Inc. (PSS) reported strong Q3 earnings as well as same-store sales growth.
- Cost Plus Inc. (CPWM) narrowed its net loss in Q3 but revenue and same-stores sales declined.
- Del Monte Foods Co. (DLM) posted strong Q2 results and raised its earnings outlook for the full year.
- Diamond Foods Inc. (DMND) posted better-than-expected Q1 earnings, but said that revenue declined.
Continue reading Earnings highlights: Aeropostale, Del Monte, Guess, Shanda, Staples, Toll Bros. ...
Posted Sep 3rd 2009 3:00PM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, ConAgra Foods (CAG), Kraft Foods'A' (KFT)
Del Monte Foods (NYSE: DLM), a supermarket brand whose colleagues include ConAgra (NYSE: CAG) and Kraft (NYSE: KFT), was way up in afternoon trading. When a stock like Del Monte gains 9% on great volume, you know something big must have happened. Well, it was the company's fiscal Q1 results that made investors want to buy today. After checking over the news, I can honestly say that I see the market's point.
Sales increased 12% during the quarter, and earnings from continuing operations calculated out to 30 cents per share, a huge improvement over the loss observed in the comparable period. According to Earnings.com, Wall Street was only looking for a measly four pennies for the bottom line.
Continue reading Del Monte up big on Q1 data
Posted Jun 22nd 2009 3:20PM by Tom Barlow (RSS feed)
Filed under: Consumer Experience, PepsiCo (PEP)
A study just released by the CMO Council and Pointer Media Network concludes that brand loyalty in the consumer packaged goods sector is taking a severe hit during this recession. Among its conclusions- 52% of customers who were considered highly loyal to a brand in 2007 either cut back or quit buying the brand in 2008. Less than half of the brands kept 50% or more of their highly loyal customers during that interval.
A full third of loyal customers of the average brand abandoned that brand altogether in 2008. One might say today's customers are fickle as well as frugal! The recession is also impeding the ability of leading brands to recruit new customers, meaning that the overall customer base of many contracted in 2008.
Continue reading Customer loyalty suffers in recession
Posted Jun 11th 2009 2:50PM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, ConAgra Foods (CAG), General Mills (GIS), Kraft Foods'A' (KFT)
Shares of Del Monte (NYSE: DLM) are up over 9% in early afternoon trading. And the volume is doing gangbusters business. The market is responding to the company's fourth-quarter results. The numbers did tell an overall fun story.
To begin with, revenues saw a big jump of 20%. As many news items have pointed out, price increases helped out. It should also be pointed out that the company's press release indicated that an extra week skewed things a bit. That's okay, though, it was still a good top-line performance. Earnings per share from continuing divisions came in at $0.35, which meant that Del Monte grew the bottom line by 75% (a couple elements affecting the perception of this profit expansion was a better tax situation linked to a positive change in California tax code and a $0.04 per-share transformation expense recorded in Q4 2008). Analysts said the company might earn $0.26 per share. That's a pleasant difference, isn't it?
Continue reading Del Monte's Q4 rocked -- buy or sell on the news?
Posted Feb 22nd 2009 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Forecasts,
Analysts surveyed by Thomson Reuters expected the parade of earnings declines to continue into the final week of February, with Martha Stewart Living Omnimedia Inc. (NYSE: MSO), Nordstrom Inc. (NYSE: JWN), Home Depot Inc. (NYSE: HD), Wynn Resorts Ltd. (NASDAQ: WYNN), Macy's Inc. (NYSE: M), DreamWorks Animation SKG Inc. (NYSE: DWA), Limited Brands Inc. (NYSE: LTD), Target Corp. (NYSE: TGT), Royal Bank Of Canada (NYSE: RY), Del Monte Foods Co. (NASDAQ: DLM), Kohl's Corp. (NYSE: KSS), Washington Post Co. (NYSE: WPO), Dell Inc. (NASDAQ: DELL), Gap Inc. (NYSE: GPS), Campbell Soup Co. (NYSE: CPB), RadioShack Corp. (NYSE: RSH), and H.J. Heinz Co. (NYSE: HNZ) all expected to post lower earnings for the most recent quarter. Office Depot Inc. (NYSE: ODP), Saks Inc. (NYSE: SKS), and Cooper Tire & Rubber Co. (NYSE: CTB) are expect to have swung to a loss.
Continue reading The week in preview: Eye on Marvel, KBR, First Solar, Deckers and more
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