Continue reading For Democrats, the Only Good News Is It's January, Not November

For Democrats, the Only Good News Is It's January, Not November originally appeared on BloggingStocks on Wed, 20 Jan 2010 16:40:00 EST. Please see our terms for use of feeds.

The biggest eyewear firm in the world makes thousands of house brand and designer frames in Italy and China and sells them around the globe. Know who it is? Read on.

Luxottica Group (NYSE: LUX) designs, manufactures, distributes and markets prescription eyeglass frames and sunglasses. The Manufacturing and Wholesale Distribution segment makes house brands, such as Ray-Ban, Persol and Vogue. It also provides designer lines, such as Chanel, Prada and Versace. The Retail Distribution segment runs a network of some 5,800 outlets, selling frames, sunglasses, watches and accessories. The stores are distributed throughout North America, Asia and Europe. The firm operates LensCrafters and Pearl Vision, the two leading North American retail optical chains, and Sunglass Hut, the leading North American sun specialty retailer.

Continue reading Luxottica Group: Eyewear for everybody

Luxottica Group: Eyewear for everybody originally appeared on BloggingStocks on Thu, 28 Jun 2007 16:20:00 EST. Please see our terms for use of feeds.

Oakley's future's so bright, it's gotta wear shades originally appeared on BloggingStocks on Thu, 21 Jun 2007 17:30:00 EST. Please see our terms for use of feeds.

Oakley's acquisition suits Luxottica originally appeared on BloggingStocks on Thu, 21 Jun 2007 15:25:00 EST. Please see our terms for use of feeds.

Oakley (NYSE: OO) volatility and volume elevated prior to anticipated LUX deal. Luxottica Group SpA (NYSE: LUX), the world's largest manufacturer of eyewear, agreed to buy OO for $2.03 billion. I reported uncharacteristic OO activity on 5/31/07 and 6/6/07. OO option volume was heavy on 6/20/07. OO July option implied volatility of 43 was above its 26-week average of 35 according to Track Data, suggesting larger price fluctuations.

Morningstar (NASDAQ: MORN) option implied volatility Stable. MORN, a provider of independent investment research, closed at $47.57. MORN's 2007 Morningstar Investment Conference will feature leading mutual fund managers and industry leaders-discussing current topics and industry issues beginning June 27th in Chicago. MORN over all option implied volatility of 30 is near its 26-week average according to Track Data, suggesting standard deviation price risks.

Daily Option Update is provided by Stock Options Specialist Paul Foster of theflyonthewall.com.

Option update 6-21-07: Oakley volatility & volume elevated prior to anticipated LUX deal originally appeared on BloggingStocks on Thu, 21 Jun 2007 09:40:00 EST. Please see our terms for use of feeds.

Netflix Inc (NASDAQ: NFLX)

This week's rumor round-up: Will Amazon overpay for Netflix? originally appeared on BloggingStocks on Fri, 08 Jun 2007 15:00:00 EST. Please see our terms for use of feeds.

Netflix Inc. (NASDAQ: NFLX) -- call volume aggressive on takeover speculation.
NFLX, a provider of DVD movie rentals, is recently up $0.34 to $21.70. NFLX was frequently mentioned as an M&A candidate in 2006. NFLX call option volume of 10,988 contracts compares to put volume of 290 contracts. NFLX June 22.5 calls are bid .55 cents above its theoretical value of .26 cents. NFLX July option implied volatility of 38 is near its 26-week average according to Track Data, suggesting non-directional price risk.

Oakley Inc. (NYSE: OO) -- volatility suggests catalysts as OO trades near 68-month high.
OO is recently at $25.01. Morgan Keegan says: "Last week an Italian daily, la Repubblica, reported Luxottica Group (NYSE: LUX) could acquire OO. Last night, OO amended its 1Q:04 severance agreement accelerating vesting on a change in control. Further, covered employees will now be paid out 100% of the pro rated amount rather than 50%. This is usually a tell-tale sign that a company is at least exploring a sale. We point out Jim Jannard owns 64.1% of the share outstanding." OO July option implied volatility of 37 is above its 26-week average of 33 according to Track Data, suggesting non-directional price fluctuations.

Option volume leaders today are: Oracle (NASDAQ: ORCL), Apple (NASDAQ: AAPL), Google (NASDAQ: GOOG) and General Motors (NYSE: GM).

Daily Option Update is provided by Stock Options Specialist Paul Foster of theflyonthewall.com.

Option update 6-6-07: Netflix calls active on speculation originally appeared on BloggingStocks on Wed, 06 Jun 2007 13:52:00 EST. Please see our terms for use of feeds.

It's unusual for a product to offer high performance, high fashion and safety, all at once. There is an eyewear outfit in Foothill Ranch, California that manages the trifecta.

Oakley, Inc. (NYSE: OO) makes high-performance goggles and sunglasses for the sports and fashion sunglasses markets. The firm's brand portfolio includes the Dragon, Eye Safety Systems, Fox Racing, Mosley Tribes, Oliver Peoples, and Paul Smith Spectacles lines. Beyond its wholesale operations, Oakley operates about 220 of its own retail shops, including Oakley Stores, The Optical Shop of Aspen, and Sunglass Icon. The company also offers a wide selection of Oakley-branded apparel, footwear, watches and accessories. Competitors include Luxottica Group (NYSE: LUX) and Nike (NYSE: NKE).

Oakley pleased investors earlier in the month, when it reported Q1 EPS of eight cents and revenues of $199.2 million. Analysts had been looking for three cents and $182.7 million. Management also guided FY07 EPS to 95-98 cents, versus Street consensus of 96 cents. The CEO attributed the good quarter to growth of its retail endeavor, contributions from acquisitions and the successful implementation of process changes that allowed earlier shipment of the spring 2007 product. The stock popped on the news and then passed into a bullish "flag" consolidation pattern. Stocks frequently exit flags moving in the same direction they were traveling when they entered them. In this case, that would be to the upside.

Brokers recommend the issue with one "strong buy," one "buy" and eight "holds." Analysts see a 19% growth rate, through the next year. The OO Price to Sales ratio (2.09), Sales Growth rate (31.29%) and EPS Growth rate (100.00%) compare favorably with industry, sector and S&P 500 averages.

Institutional investors hold about 36% of the outstanding shares. Over the past 52 weeks, the stock has traded between $14.86 and $25.50. A stop-loss of $21.25 looks good here.

Larry Schutts is a contributing editor for Theflyonthewall.com and the Vice-President of Stockwinners.com.

Oakley: High tech fashion statements for your eyes originally appeared on BloggingStocks on Mon, 30 Apr 2007 12:56:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Following the withdrawal of Orapem, Forest Laboratories Inc (NYSE: FRX) was downgraded to Sell from Hold at Citigroup, with a $47 target, given the company's dependence on two products and early stage pipeline.

• The St. Joe Co (NYSE: JOE) was downgraded to Underperform from Market Perform at Wachovia, citing valuation and secondary-home sale activity which continues to pressure steady primary-home activity in core markets; BB&T also downgraded St. Joe, to Hold from Buy on valuation.

• Deutsche Bank downgraded Tyco Int'l Ltd (NYSE: TYC) to Hold from Buy on valuation with a $33 target, as they find shares fairly valued heading into the separation.

• Bank of America downgraded Alltel Corp (NYSE: AT) to Neutral from Buy on valuation and lowered its target to $58 from $66.

• UBS downgraded Sohu.com Inc (NASDAQ: SOHU) to Neutral from Buy, with a $28 target, following second-quarter results. Lehman Brothers downgraded Sohu.com to Equal Weight from Overweight on the news.

• Merrill Lynch downgraded Centerne Corp (NYSE: CNC) to Sell from Neutral.

• Merrill also downgraded Ingersoll-Rand Co Ltd (NYSE: IR) to Neutral from Buy, citing weakness in the residential market and execution uncertainty for the downgrade.

• Bank of America downgraded Post Properties Inc (NYSE: PPS) to Sell from Hold following the company's Q4 report and guidance.

• BB&T downgraded Oakley Inc (NYSE: OO) to Hold from Buy on valuation.

Analyst downgrades 2-07-07: Forest Labs downgraded to Sell at Citigroup originally appeared on BloggingStocks on Wed, 07 Feb 2007 11:22:00 EST. Please see our terms for use of feeds.