| Fri, May 17, 2013 |
| 05:24 PM |
|
Weekend Reading: Jamie Dimon, IPO Stars and Pretty Pictures
Dirty medicine — A deep, long look inside Ranbaxy, the Indian generic drugs maker, which last week pleaded guilty to fraud charges. (Fortune) Mr. Indispensable — “The real reason to strip Jamie Dimon of his Chairmanship is that he has done a shitty job at it.” (Epicurean Dealmaker) The great Netflix doom-avoidance machines — How [...]
|
| 05:22 PM |
|
Stocks End Another Record Week
The Dow Jones Industrial Average rose 121.18 points Friday, a 0.8% gain, to close at a record 15,354.4. The Dow was up 235.91 this week, or 1.56%. The index has risen in each of the past four weeks, a stretch that’s seen it gain 5.55%. The Dow is now up 17.2% in 2013. The Standard [...]
|
| 02:40 PM |
|
JPMorgan: S&P at 1,715
JPMorgan strategist Thomas Lee has finally decided to join the herd. He’s gone from seeing a correction in the stock market, to deciding there won’t be a correction to finally, today, predicting the Standard & Poor’s 500 index will gain another 3% this year to end 2013 at 1,715. That’s not say he’s turned into [...]
|
| 11:47 AM |
|
A Look Behind Tesla’s Rise
Tesla Motors (TSLA) stock is down 2.5% today — not great, but not a surprise given that by yesterday’s close it was up 20% this week. The stock’s rise is one of the great market stories of recent weeks, as the one of the most-shorted companies has seen its price double in the past month. [...]
|
| 09:37 AM |
|
Stocks Up; J.C. Penney & Nordstrom Falling
AP Good times gone for good? The Dow Jones Industrial Average and Standard & Poor’s 500 index are up in early trading after Friday’s bell, as stocks look for another winning week. The two large-cap indexes are both up about 0.4%. Shares of J.C. Penney (JCP) are down more than 5.5% after the retailer delivered [...]
|
| Thu, May 16, 2013 |
| 04:59 PM |
|
Stocks Pull Back After Records
One day after hitting record closing highs, the leading stock indexes closed down Thursday. The Dow Jones Industrial Average fell 42.47 points, or 0.28%, to close at 15,233.22. It was the benchmark’s first loss in three days. Twenty-two of the 30 stocks on the Dow fell today. The index crossed zero 34 times during the [...]
|
| 04:35 PM |
|
J.C. Penney Reports Q1 Earnings Miss
J.C. Penney (JCP) reported a first quarter loss of $1.58 cents Thursday, and said sales were $2.64 billion. Same-store sales fell 16.6%. On an adjusted basis, net loss was $1.31 a share. Analysts surveyed by FactSet were, on average, expecting a loss of $1.06 cents a share and revenue of $2.66 billion. Gross margin for [...]
|
| 04:27 PM |
|
Nordstrom Falls 4% After Earnings
Shares of retailer Nordstrom (JWN) were down 4% in Thursday’s postmarket trading after the company reported first quarter earnings that came in below estimates. Profit was 73 cents a share, while analyst were looking for 76 cents a share, according to FactSet. Net sales were $2.7 billion, just below the $2.8 billion that analysts were [...]
|
| 04:00 PM |
|
Sell Lincoln, Buy MetLife: Credit Suisse
Credit Suisse analyst Thomas Gallagher came out with a report today downgrading Lincoln National (LNC) to Underperform and restating his Overweight rating (and top insurance pick status) for MetLife (MET). Gallagher has rated Lincoln stock as Neutral since July 2010, and had an Overweight rating on MetLife since March 2011. As he acknowledges though, the [...]
|
| 03:32 PM |
|
Where the (Insider) Buys Are
After what seems like constant coverage of selling over at Inside Scoop, an update from our sources at InsiderScore grabbed our attention after we read, “On a sector level, energy continues to show Buy bias signals.” Naturally, we started to wonder where the juice is in energy and after digging around a little, we learned [...]
|
| 12:32 PM |
|
Tesla Gains (Another!) 7%; Barclays Raises Price Target
The Tesla Motors (TSLA) ride just won’t stop — the stock is up 7% today, and now 31% in the past week and 68% in May. It has doubled in price in the past month, trading at just above $90. The latest pop was likely prompted by news of a stock offering and, at the [...]
|
| 12:10 PM |
|
EA Axes Online Pass — Good News for GameStop
Electronic Arts (EA) is reportedly ending its Online Pass program, a feature that made second-hand games much less appealing for gamers. As VentureBeat reports: The modern military first-person shooter Battlefield 3 and a number of other EA games such as Madden NFL use Online Pass. You need it in order to play many of a [...]
|
| 09:19 AM |
|
Futures Edge Lower; Kohl’s Pops After Earnings, Wal-Mart Falls
Futures for the Dow Jones Industrial Average and Standard & Poor’s 500 index are down a slight fraction in trading before Thursday’s opening bell. Shares of Kohl’s (KSS) are up 6% after the retailer beat earnings estimates (and came in higher than its own forecast) and gave current-quarter guidance that on the high end is [...]
|
| Wed, May 15, 2013 |
| 05:53 PM |
|
Stocks Set Yet More Records
The Dow Jones Industrial Average rose 60.44 points, 0.4%, to close at 15,275.69 Wednesday, a record. It’s the Dow’s 20th record close of 2013, and the index is up 16.6% this year. The Standard & Poor’s 500 index rose 0.51% to close at a record 1,658.78 — the 15th record for the S&P this year. [...]
|
| 05:30 PM |
|
Tesla Rises 5% Postmarket After Stock Offering & Musk’s Purchase Announced
Shares of Tesla Motors (TSLA) rose just 1.9% today, a quiet today by that stock’s standards. As if to make amends, it’s trading up 5% after the bell following an announcement of a stock offering and a $100 million investment by CEO Elon Musk. From the statement: Tesla announced today offerings of 2,703,027 shares of [...]
|
| 04:53 PM |
|
Third Point’s Loeb Buys Apple Calls, Ditches Herbalife, Morgan Stanley
Third Point LLC’s latest 13F filing, made public after Wednesday’s close, shows that manager Dan Loeb bought 25,000 Apple (AAPL) call options in the first quarter. The filing doesn’t reveal more details. The last round of 13F filings, in February, showed Loeb had sold his entire Apple holding during the fourth quarter of 2012. Loeb [...]
|
| 04:07 PM |
|
U.S. Automakers Could Be Hurt By Abenomics
The unprecedented program of quantative easing under way in Japan is clearly having an effect, with the Nikkei hitting multi-year highs and the yen falling to 102 versus the dollar. But of course, while it may help Japan, Abenomics touches many, if not most, countries around the world. In a research note published today, Capital [...]
|
| 03:16 PM |
|
Gap’s a Buy, Says Citi
Gap (GPS) has had a pretty terrific year, with the retailer’s stock up 31% in 2013, and up 49% in the past 12 months, while companies such as Abercrombie & Fitch (ANF) and Limited Brands (LTD) have seen year-to-date gains of 12% and 8%, respectively. Today, Citigroup analyst Oliver Chen gave his thumbs up to [...]
|
| 11:11 AM |
|
Clorox Has Run Its Course: Credit Suisse
Shares of Clorox (CLX) have risen about 20% this year, pacing ahead of the 16% gain for the Standard & Poor’s 500 index. For Credit Suisse analyst Michael Steib, that’s enough of a move to downgrade the stock: We are reducing our CLX rating to Neutral (from Outperform) as we see limited further upside after [...]
|
| 09:19 AM |
|
Stocks Down; Macy’s Rising, Deere Falling
Futures for the Dow Jones Industrial Average and Standard & Poor’s 500 index are down slightly ahead of Wednesday’s opening bell. Also falling are shares of Deere (DE), down close to 4% despite reporting better-than-expected fiscal second quarter earnings — the farm and construction equipment maker cut its sales outlook for the year: The reduced [...]
|
| Tue, May 14, 2013 |
| 04:38 PM |
|
Stocks Close at Record Highs
The Dow Jones Industrial Average rose 123.57 points Tuesday, a 0.87% gain, to close at 15,215.25, a record. It was the Dow’s best day since May 3, and the 19th record close for the benchmark this year. The Dow is up 16.1% this year. The Standard & Poor’s 500 index also set a record, climbing [...]
|
| 03:23 PM |
|
Believe the Tesla Hype: Morgan Stanley
Telsa Motors (TSLA) stock is down 4.5% this afternoon, not a big surprise considering that before today’s trading it had risen 63% in May. But while its trading at just under $84 a share, Morgan Stanley analyst Adam Jones sees the company rising to $103 before too long. Said Jones in a research note Tuesday: [...]
|
| 02:14 PM |
|
Edwards Lifesciences Up 6% After Share Repurchase, Insider Buying Announced
Shares of Edwards Lifesciences (EW) are among the biggest gainers on the Standard & Poor’s 500 index today, boosted after the company announced a $750 million share buyback program. It also said that CEO Michael Mussallem will buy $5 million worth of Edwards stock. “The Board of Directors’ authorization of the new share repurchase program [...]
|
| 01:07 PM |
|
Sweet Day for Big Banks as Stocks Hit New Highs
The party on Wall Street shows no signs of ending, as the leading stock indexes all hit record intraday highs Tuesday, and some of the biggest banks are seeing healthy gains. The Dow Jones Industrial Average hit 15,191.6, while the Standard & Poor’s 500 index reached 1,649.72, both records. The Russell 2000 also got in [...]
|
| 11:44 AM |
|
BHP Vows CapEx Cut, Focus on Free Cash
We’ve covered the fortunes of miners on this blog quite a lot recently, as their stocks have moved along with prices for the metals they mine. But as we’ve also noted, their problems don’t just come (falling) demand for gold or silver or copper — these companies also have their own issues. Today, one miner [...]
|
| 09:25 AM |
|
Futures Flat; Tesla, Take-Two Rising
Futures for the Dow Jones Industrial Average and Standard & Poor’s 500 index are essentially flat ahead of Tuesday’s bell. Shares of Take-Two Interactive Software (TTWO) are up 6% after latest quarter revenue came in ahead of analysts’ expectations and the company looks forward to a bumper FY 2014, which will see the release of the Grand [...]
|
| Mon, May 13, 2013 |
| 04:24 PM |
|
Take-Two Rises 6% After Earnings Beat
Shares of videogame maker Take-Two Interactive Software (TTWO) rose as much as 6% after Monday’s closing bell in the wake of fiscal fourth-quarter earnings. Adjusted profit for the quarter was 23 cents a share while revenue was $300 million. Analysts surveyed by FactSet were looking for, on average, profit of 23 cents and revenue of [...]
|
| 04:03 PM |
|
Tesla Gains 14%, Now Up 63% in May
Tesla Motors (TSLA) stock really is, uh, motoring these days: Up 14% Monday, 48% in the past week and 60% in May. The stock’s price has doubled in the past month, and at close to $88 a share is trading at just under its all-time high. The stock has been helped by better-than-expected first-quarter results [...]
|
| 03:47 PM |
|
A Look At Earnings, Past and Future
First-quarter earnings season is almost behind us, and today Adam Parker’s team at Morgan Stanley Research take a look at how the companies of the Standard & Poor’s 500 index fared. Their finding? On the whole, companies beat earnings estimates but missed on revenues. There’s a reason for that, apparently: As we have previously written, [...]
|
| 03:23 PM |
|
Barron’s Bounce: Oriental Express, Western Union & Uni-Pixel
In this week’s issue of Barron’s we make a bullish call on the turnaround story at Oriental Express Hotels (OEH), suggest that things may finally be set to get better for Western Union (WU) investors, and advise caution on shares of Uni-Pixel (UNXL). Jack Otter and I sat down to discuss the stories and their [...]
|
| |
More Blogs From Stocks To Watch
|
