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Williams-Sonoma (WSM - option chain) shares are rising today after the company reported earnings this morning, posting a fiscal-Q4 profit of $113.4 million, or $1.05 per share. Excluding one-time items, WSM earned $1.08 per share on revenue of $1.195 billion. Analysts had forecast a profit of $0.98 per share on revenue of $1.19 billion. WSM forecast Q1 earnings of 26 to 28 cents per share on revenue of $745 to $765 million. Analysts are expecting Q1 earnings of 27 cents per share on revenue of $748.5 million. WSM also lifted its quarterly dividend by 2 cents to 17 cents per share. 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 WSM.
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FeedWilliams-Sonoma Surges 11% on Earnings and Dividend Increase
Continue reading Williams-Sonoma Surges 11% on Earnings and Dividend Increase
Traders Exit Insurance Stocks to Avoid Earthquake Exposure
MetLife (MET - option chain) stock is trading lower today along with most other insurance companies this morning after the cost to insurers related to Friday's earthquake in Japan was estimated to be between $15 to $35 billion. Prudential Financial (PRU) and AIG (AIG) are also down so far in today's trading. Even if these insurance companies are actually on solid footing financially with regard to their expected claims, I expect investors could be frightened for several months to come, which could keep share prices depressed. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on MET.
Continue reading Traders Exit Insurance Stocks to Avoid Earthquake Exposure
Ann Taylor Jumps 12% On Strong Q4 Earnings, 2011 Outlook
Ann Taylor (ANN - option chain) shares are rising today after the company reported earnings this morning, posting a fiscal-Q4 profit of $7.97 million, or 14 cents per share. Excluding one-time items, ANN earned 19 cents per share on revenue of $515.3 million. Analysts had forecast a profit of 17 cents per share on revenue of $515.1 million. ANN also forecast Q1 revenue of $510 million and fiscal-2011 revenue of $2.18 billion. Analysts have forecast Q1 revenue of $488 million and 2011 revenue of $1.98 billion. 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 ANN.ANN opened this morning at $27.38. So far today the stock has hit a low of $26.50 and a high of $27.98. As of 11:55, ANN is trading at $27.19 up $2.98 (12.3%). The chart for ANN looks neutral and S&P gives ANN a neutral 3 STARS (out of 5) hold ranking.
Continue reading Ann Taylor Jumps 12% On Strong Q4 Earnings, 2011 Outlook
GM Announces Surprise CFO Resignation
General Motors (GM - option chain) stock is trading lower today after company CFO Chris Liddell announced his resignation effective April 1. GM posted four straight profitable quarters under Liddell and successfully pulled off a major IPO after repairing massive accounting issues. GM said Treasurer Dan Ammann will replace Liddell. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on GM.This morning, GM opened at $31.47. So far today the stock has hit a high of $31.78 and a low of $30.95. As of 12:05, GM is trading at $31.51, down $0.74 (-2.3%). The chart for GM looks neutral and S&P gives GM a neutral 3 STARS (out of 5) hold ranking.
FDA Approves Generic Cancer Treatment from Hospira
Hospira (HSP - option chain) shares are rising today after the company announced that the FDA has approved its generic cancer treatment docetaxel. The brand-name drug it will compete against, Sanofi-Aventis' (SNY) Taxotere, had sales of $1.2 billion in 2010. 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 HSP.HSP opened this morning at $53.66. So far today the stock has hit a low of $53.55 and a high of $56.00. As of 12:05, HSP is trading at $54.65 up $1.02 (1.9%). The chart for HSP looks bullish and S&P gives HSP a positive 4 STARS (out of 5) buy ranking.
Continue reading FDA Approves Generic Cancer Treatment from Hospira
Bank of America CEO Predicts Big Dividends by 2013
Bank of America (BAC - option chain) shares are rising today after the company's CEO, Brian Moynihan, told attendees at the company's investor day conference that he thinks BAC can earn between $35 and $40 billion a year in pretax earnings when its business normalizes. He also said that by 2013 the bank could be paying up to $12 billion a year in regular dividends. 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 BAC.BAC opened this morning at $14.27. So far today the stock has hit a low of $14.20 and a high of $14.67. As of 12:40, BAC is trading at $14.63 up 0.60 (4.2%). The chart for BAC looks neutral and S&P gives BAC a neutral 3 STARS (out of 5) hold ranking.
Continue reading Bank of America CEO Predicts Big Dividends by 2013
Ciena Tumbles on Weak Q2 Forecast
Ciena (CIEN - option chain) stock is trading lower today after the company reported Q1 2011 earnings this morning, posting a loss of $79.06 million, or 84 cents per share. Excluding one-time items, CIEN lost 14 cents per share on revenue of $433.31 million, while analysts had forecast a loss of 16 cents per share on revenue of $421.91 million. CIEN also forecast Q2 revenue of $415 to $435 million, below analysts' forecasts of $438.5 million. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on CIEN.This morning, CIEN opened at $27.60. So far today the stock has hit a high of $28.38 and a low of $25.49. As of 12:10, CIEN is trading at $25.25, down $3.56 (-12.4%). The chart for CIEN looks neutral and S&P gives CIEN a neutral 3 STARS (out of 5) hold ranking.
Dresser-Rand to Acquire Grupo Guascor
Dresser-Rand (DRC - option chain) shares are rising today after the company announced it has agreed to acquire diesel and gas engine supplier Grupo Guascor SL in a $690 million cash-and-stock deal. 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 DRC.
Royal Bank of Canada Surges on Q1 Earnings
Royal Bank of Canada (RY - option chain) shares are rising today after the company reported earnings this morning, posting a fiscal-Q1 profit of C$1.839 billion, or C$1.24 per share. Excluding one-time items, RY earned C$1.26 per share, topping analysts' forecasts of C$1.01 per share. 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 RY.
RY opened this morning at $61.32. So far today the stock has hit a low of $60.96 and a high of $62.29. As of 12:10, RY is trading at $61.46 up $2.85 (4.9%). The chart for RY looks bullish and S&P gives RY a positive 4 STARS (out of 5) buy ranking.
Weatherford International Discloses Huge Tax Errors
Weatherford International (WFT - option chain) stock is trading lower today after the company disclosed last night errors in its tax accounting. These errors will lead to adjustments of $100 million to $150 million to its historical financial statements in each year from 2007 to 2010. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on WFT.This morning, WFT opened at $19.77. So far today the stock has hit a high of $22.31 and a low of $19.56. As of 12:25, WFT is trading at $20.81, down $2.71 (-11.5%). The chart for WFT looks neutral and S&P gives WFT a neutral 3 STARS (out of 5) hold ranking.
Continue reading Weatherford International Discloses Huge Tax Errors
Fifth Third Bancorp Subpoenaed by SEC
Fifth Third Bancorp (FITB - option chain) stock is trading lower today after the company disclosed in a regulatory filing that it has been subpoenaed by the Securities and Exchange Commission regarding commercial-loan practices. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on FITB.
This morning, FITB opened at $13.97. So far today the stock has hit a high of $14.15 and a low of $13.67. As of 11:50, FITB is trading at $14.02, down $0.58 (-4.0%). The chart for FITB looks bullish and S&P gives FITB a positive 4 STARS (out of 5) buy ranking.
Berkshire Hathaway Rises on Buffett's Outlook and Q4 Earnings
Berkshire Hathaway (BRK.A, BRK.B - option chain) shares are rising today after the company reported earnings over the weekend, posting a fiscal-Q4 profit of $4.38 billion, or 2.66 per share, on revenue of $36.17 billion. Chairman Warren Buffett also updated investors with his highly anticipated annual letter, which predicted "major acquisitions" for the company. 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 BRK.B.BRK.B opened this morning at $86.46. So far today the stock has hit a low of $85.55 and a high of $86.99. As of 12:10, BRK.B is trading at $86.65 up $1.78 (2.1%). The chart for BRK.B looks bullish and S&P gives BRK-B a 3 STARS (out of 5) Hold ranking.
Continue reading Berkshire Hathaway Rises on Buffett's Outlook and Q4 Earnings
Boeing Wins $35B USAF Contract
Boeing (BA - option chain) shares are rising today after the US Air Force announced it has awarded a $35 billion contract to develop and manufacture a new aerial refueler to Boeing. Boeing is expected to deliver the first 18 aircraft by 2017. The total contract includes the supply of 179 refueling tankers. This is a major coup for Boeing, who was expected to lose out on the contract to rival EADS. 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 BA.BA opened this morning at $73.94. So far today the stock has hit a low of $72.06 and a high of $74.29. As of 12:25, BA is trading at $72.50 up $1.74 (2.5%). The chart for BA looks bullish and S&P gives BA a positive 4 STARS (out of 5) buy ranking.
Kohl's to Start Paying Dividend
Kohl's (KSS - option chain) shares are rising today after the company reported Q4 earnings this morning, posting a profit of $493 million, or $1.66 per share, on revenue of $6.04 billion. Both numbers matched analysts' estimates. KSS forecast Q1 earnings of 68 to 73 cents per share on revenue of $4.20 to $4.28 billion. Analysts have forecast earnings of 72 cents per share on revenue of $4.19 billion. KSS also initiated a quarterly dividend of 25 cents per share, the first in the company's history, which is always something that investors love to see. 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 KSS.
Vertex Sees Positive Cystic Fibrosis Drug Results
Vertex Pharmaceuticals (VRTX - option chain) shares are rising today after the company reported successful results from a study of its experimental cystic fibrosis treatment VX-770, allowing the company to apply for FDA approval for the drug later this year. 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 VRTX.VRTX opened this morning at $43.60. So far today the stock has hit a low of $42.71 and a high of $44.68. As of 12:10, VRTX is trading at $43.77 up $5.55 (14.5%). The chart for VRTX looks bullish and S&P gives VRTX a positive 5 STARS (out of 5) strong buy ranking.
Continue reading Vertex Sees Positive Cystic Fibrosis Drug Results
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