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outperform posts

McDonald's dividend rises, but stock's still stagnant

Posted Sep 25th 2009 10:50AM by Elizabeth Harrow (RSS feed)
Filed under: Analyst Reports, McDonald's (MCD), Analyst Initiations, DJIA

Late Thursday, McDonald's (NYSE: MCD) announced a 10% increase to its cash dividend. The fast-food firm will now shell out 55 cents per share each quarter, bringing its total quarterly dividend payout to roughly $600 million. The increase will cost McDonald's about $220 million per year. This most recent dividend hike continues a long-term trend for Mickey D's, which has raised its quarterly payout every year since 1976.

In other MCD news, Bernstein initiated coverage of the stock with an "outperform" rating. The brokerage firm likes McDonald's because of its broad global footprint, with Bernstein noting that restaurants more heavily dependent on the sluggish U.S. market could struggle.

Continue reading McDonald's dividend rises, but stock's still stagnant

Jabil's earnings spark stock

Posted Jun 22nd 2007 12:40PM by Eric Buscemi (RSS feed)
Filed under: Earnings Reports, Analyst Upgrades and Downgrades

Jabil Circuit Inc (NYSE: JBL) has been down in the dumps lately, down 17% over the last year, while competitor Flextronics International (NASDAQ: FLEX) has profited, up over 7%. But that may be about to change for Jabil -- after 3 consecutive bad quarters, it has given investors reason for optimism, posting better-than expected third quarter earnings results.

Wall Street certainly noticed, as Credit Suisse, RBC Capital Markets and BMO Capital all upgraded Jabil to Outperform this morning.

Still, technically speaking, the primary overhead resistance for Jabil to break out of this long-term downtrend is at $25.65, which is still a ways from the stock's current price of $23.42 -- which includes this morning's 10% move to the upside. So far so good for Jabil, but a long-term change in investor sentiment and momentum will only be seen if it breaks above the resistance. Keep and eye out and see if it keeps heading up.

Correction creates buying opportunity in Ciena

Posted Mar 9th 2007 2:45PM by Eric Buscemi (RSS feed)
Filed under: AT and T (T), Verizon Communications (VZ), Bargain Stocks

Ciena Corporation (NASDAQ: CIEN), the optical components maker, has gotten hit pretty hard during this correction. The stock has dropped from $32 in late February and is trading around $26 today, almost a 20% drop.

This morning, RBC Capital Markets upgraded the stock to Outperform and set a $33 target price. The reasoning for the upgrade is expected stronger demand for its products due to high video and data traffic. The RBC report cited industry growth is expected to jump to $14.5 billion by 2009 up from $10.9 billion in 2006. If Ciena continues to grow faster than the market, that is good news for Ciena and its shareholders.

At Verizon Communications Inc (NYSE: VZ), a large customer, business is expected to be down, but growth from British Telecom, AT&T Inc (NYSE: T) and MCI may offset the decline, the report suggested.

Ciena's sell off is too much too fast. I'd suggest using the stock weakness to pick up some shares.