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Analyst Calls: BMY, CAG, CAVM, CEPH, OPEN, PBY, SOL, TSLA, WDC ...

Analyst Upgrades

  • Bristol-Myers (BMY) to hold from underperform at Jefferies.
  • Pep Boys (PBY) to buy from hold at Stifel Nicolaus.
  • Tesla Motors (TSLA) to overweight from equal weight at Morgan Stanley.
  • Emerson (EMR) to buy from hold at Deutsche Bank.
  • ARM Holdings (ARMH) to buy from neutral at BofA/Merrill.
  • NetLogic (NETL) and Cavium Networks (CAVM) to buy from hold at Auriga.
  • Aimco (AIV) to hold from sell at Citigroup.
  • Ceragon Networks (CRNT) to overweight from equal weight at Barclays.

Continue reading Analyst Calls: BMY, CAG, CAVM, CEPH, OPEN, PBY, SOL, TSLA, WDC ...

Closing Bell: Buffett Cheers Up Equity Markets

When the man who is the country's most successful investor says it's time to buy, that usually means Warren Buffett is thinking that stocks are now, or are about to become, cheap. Expectations for more mergers and acquisitions in 2011 are also high. Two Fed bank presidents also said that further injections of liquidity should not be ruled out going forward. WTI crude oil fell slightly today, to just a bit above $97/barrel, and North Sea Brent crude closed below $112/barrel. Gold is up very slightly, to $1,410/ounce.

Here are the numbers for late afternoon trading today:

Dow Jones 12,226.34 +95.89 (0.79%)
S&P 500 1,327.22 +7.34 (0.56%)
Nasdaq 2,782.27 +1.22 (0.04%)

Continue reading Closing Bell: Buffett Cheers Up Equity Markets

Pep Boys Sees Q3 Earnings More Than Double

PepBoys (PBY) logoAutomotive retailer Pep Boys (PBY) has released its third-quarter earnings report. The company earned 11 cents per share ($5.7 million) in the latest quarter compared to 4 cents per share ($2.1 million) a year ago.

PBY's quarterly revenue checked in at $496.4 million, 5% better than a year ago. Analysts expected earnings of 8 cents per share with revenue of $488.7 million.

Continue reading Pep Boys Sees Q3 Earnings More Than Double

Get into the Buying Zone with AutoZone

If you're looking for a stock that you can ride higher even if the market can't sustain a bullish rally, you might want to take a look at AutoZone, Inc. (AZO).

AutoZone has been on a tear since November 2009 -- rising at a 45-degree angle on its chart from $135 to $200. Whenever the overall market has pulled back, AutoZone has withstood the bearish pressure and moved higher.

Continue reading Get into the Buying Zone with AutoZone

Pep Boys Falls on Weak Q1 Revenue

PBY logoPep Boys (PBY - option chain) stock is trading lower today after the company announced its Q1 2010 earnings this morning before the market opened. Pep Boys posted first quarter earnings per share of 0.23, which matched analysts estimates, but the company's revenues rose 2.7% and came in at $510M, which was well below expectations of $518M. 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 PBY.

This morning, PBY opened at $10.21. So far today the stock has hit a high of $10.50 and a low of $8.97. As of 12:15, PBY is trading at $9.51, down $1.23 (-11.5%). The chart for PBY looks are neutral and S&P gives PBY a neutral 3 STARS (out of 5) hold ranking.

Continue reading Pep Boys Falls on Weak Q1 Revenue

Earnings highlights: Best Buy, FedEx, Campbell, National Semiconductor, Talbots ...

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

Continue reading Earnings highlights: Best Buy, FedEx, Campbell, National Semiconductor, Talbots ...

Pep Boys tops estimates by a penny in the second quarter, comps decline

The Pep Boys -- Manny, Moe & Jack (NYSE: PBY) issued Q2 earnings on Tuesday after the bell. The aftermarket service business for automobiles, whose related companies include AutoZone (NYSE: AZO) and AutoNation (NYSE: AN), said net sales fell about 2%, and earnings per share increased 50% to 15 cents. The earnings growth was actually better than that since there were a couple of items in the previous year's quarter that benefited the bottom line.

According to Reuters, the expectation was for 14 cents per share in net income. Yep, we got the beat-by-a-penny cliche in full effect here. Management credited cost containment and service sales as drivers for the quarter.

Continue reading Pep Boys tops estimates by a penny in the second quarter, comps decline

Earnings highlights: Del Monte, Men's Wearhouse, National Semiconductor, Talbots ...

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

Continue reading Earnings highlights: Del Monte, Men's Wearhouse, National Semiconductor, Talbots ...

Movado, Navistar, Oxford and Pep Boys shares rise on Tuesday earnings reports

Shares of the following companies surged after they posted quarterly results on Tuesday.

Watchmaker Movado Group Inc. (NYSE: MOV) reported a smaller-than-expected Q1 loss as cost cutting offset weak sales due to the continued pullback by consumers of discretionary spending. Movado also surprised with a profit forecast for FY 2010. Shares rose 26.4% to close at $10.24.

Navistar International Corp. (NYSE: NAV) Q2 earnings and revenue fell short of analysts' estimates as the recession dampened demand for commercial vehicles. Navistar also slashed its forecast for the full year, and said it plans to cut costs by shifting production from Canada to Mexico. Yet shares rose 5.6% to close at $45.46.

Continue reading Movado, Navistar, Oxford and Pep Boys shares rise on Tuesday earnings reports

The week in preview: Chicken soup (or a doughnut) for the recession-weary soul?

In last week's preview we took a peek at expectations for Campbell Soup earnings, but now the company is scheduled to report fiscal fourth quarter results this coming Thursday. With Krispy Kreme also among the handful of companies scheduled to report this week, we may yet see whether consumers are turning to comfort foods in these uncertain times.

Campbell Soup Co. (NYSE: CPB), the world's biggest soup maker, is still expected by analysts surveyed by Thomson Financial to post net income of 25 cents per share (up 44.0% from a year ago) on revenue of $1.7 billion (up 7.4%). The Camden, N.J.-based company has just missed earnings estimates in the past few quarters. Its long-term EPS growth forecast is 7.9%, which is less than the industry average, but about the same as rivals Kraft Foods (NYSE: KFT) and HJ Heinz (NYSE: HNZ). The analysts' consensus recommendation is currently to buy Campbell.

Hip, Canadian apparel retailer Lululemon Athletica Inc. (NASDAQ: LULU) is also anticipated to be a big earnings gainer when it reports this week. Net income is expected to come in at 13 cents per share (up 46.2% from a year ago) on revenue of $88.2 million (up 50.3%). Lululemon met expectations when it reported 12 cents per share in the previous quarter. Its long-term EPS growth forecast is a healthy 40.2%, which is better than the industry average and that of rival Under Armour Inc. (NYSE: UA). The analysts' consensus recommendation is currently to buy Lululemon.

Continue reading The week in preview: Chicken soup (or a doughnut) for the recession-weary soul?

Earnings highlights: Lehman, UBS, Krispy Kreme, Pepsico, Pep Boys and others

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

Continue reading Earnings highlights: Lehman, UBS, Krispy Kreme, Pepsico, Pep Boys and others

Pep Boys and Quality Systems report boosts in quarterly earnings

On Tuesday, retail auto parts and repair chain Pep Boys Manny, Moe & Jack (NYSE: PBY) reported that its fiscal first-quarter profit jumped on a gain from selling properties and then leasing them back. Meanwhile, Quality Systems Inc. (NASDAQ: QSII), a provider of software for medical and dental group practices, said its net income for the fiscal fourth quarter surged on strong maintenance revenue growth.

Philadelphia-based Pep Boys first-quarter net income rose 47% from a year ago to $4.7 million, or 9 cents per share, which included a $5.5 million net gain related to the sale-leaseback transactions.

For the quarter ended May 3, revenue fell 8% to $498 million, and same-store sales fell 5.6%.

Analysts polled by Thomson Financial, on average, had predicted a loss of 3 cents per share, on revenue of $497.2 million.

Shares rose 89 cents Tuesday, or 10.2%, to $9.62, then rose another 3 cents in after-hours trading. Shares are down 16.2% year to date.

Continue reading Pep Boys and Quality Systems report boosts in quarterly earnings

The Week in Preview: Mixed bag

At best it was a week that was difficult; at worst it was a very concerning sign about what is to come. We have finally seen a significant drop in the overall sentiment due to extraordinarily high oil prices mixed with an unemployment level at 5.5%. The mixture of these and other troubling economic projections has finally come to cause investors to pause and realize that this is no place to be accepting risk beyond what is absolutely necessary.

This week will show a significant amount of reservation by investors not accepting of any shortfalls on earnings or even outlooks that are not significantly rosy. The current picture and the economic outlook was the focus of The Disciplined Investor Podcast this week, with help from money manager and economist, Michael "Mish" Sheldock.

Monday, June 9

Shuffle Master Inc. (NASDAQ: SHFL) will be reporting earnings that are expected to be $.07 per share. This has continued to be a difficult market for them even as casino construction has been rising around the world and the use of many of the products of this company are beneficial to the net profits of their customers. The stock has suffered dramatically over the past 12 months and, unless there is a product shift or new technology announced, there should be no reason that we see a catalyst for growth. Look for revenues of $45.55 million.

Ashworth Inc. (NASDAQ: ASHW) is a high-brow retailer that is expected to show a significant turn toward the negative this quarter. First Call estimates are looking for a negative $.06 per share while a year ago they were earning $.03 per share. Once again, there doesn't seem to be any reason why this company should see a beneficial upside unless investors are willing to short cover at this point. Even if that is the case, that will probably end up being temporary anyway.

Continue reading The Week in Preview: Mixed bag

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.

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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: 08:20 AM

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