TOP NEWS
MARKET CURRENTS
-
10:04 PM An interesting exercise in the always dangerous practice of extrapolation: A look at this week's H.4.1 update shows the Fed holding $1.583T of outstanding 10-year equivalents or, a record 30.32%. By extension then, only 69.68% remains for the private sector. Currently, the figure is rising ~0.3% per week as Bernanke and company snap up Treasury bonds (TLT, TBT). Were that pace to continue until 2018, the Fed would be in possession of virtually the entire market. Food for thought from ZeroHedge and Stone & McCarthy. Comment!
-
9:31 PM Twitter goes after TV, launching Twitter Amplify to allow media brands and advertisers to promote TV clips on Twitter. "Video fingerprinting" technology will allow marketers to monitor in real time when spots air and the resulting tweet activity about either the product or TV show. "We believe a user engaged enough with a TV show to tweet about it very likely saw the commercial as well," says Twitter product manager Michael Fleischman. Initial partners include BBC America, FOX, Fuse, The Weather Channel, MLB.com, and the PGA Tour. 1 Comment [Tech]
-
9:07 PM A rebound in Tokyo sees the Nikkei (EWJ) gaining 3% in early action following yesterday's 7% dive. A weaker yen (FXY) is helping, dollar/yen gaining 0.4% to ¥102.37. 1 Comment [Global & FX]
-
9:04 PM More on Ross Stores' (ROST) Q1: Revenue and comps rise 8% and 3% Y/Y respectively (comps growth was 9% in Q1 2012). Operating margin rises 50 basis points to a record 14.9% thanks to "higher merchandise gross margins and [the] favorable timing of expenses." CEO Michael Balmuth says the company is on track to repurchase ~$550M in shares in FY13. Outlook: Q2 EPS of $0.89-0.93 (consensus is $0.91/share ) and FY13 EPS of $3.70-3.81 (consensus is $3.88/share). Shares +0.8% AH. (PR) Comment! [Consumer, Earnings]
-
8:50 PM More on Williams-Sonoma's (WSM) Q1: Revenues, operating margin, and EPS rise 8.6%, 120 basis points, and 33% Y/Y respectively. The quarter was "the best Q1 in the company's history," CEO Laura Alber says. Comps (which is "comparable brand revenue" here) rose 7.2% versus 5.4% growth in Q1 2012. Negative Q1 2012 comps growth in the namesake brand, Pottery Barn Kids, and PBteen is reversed, as the brands see growth of 1.9%, 6.9%, and 16.1% respectively during the quarter. WSM raises FY13 guidance to $2.67-2.77/share on revenue of $4.22-4.3B against consensus of $2.77/share and sales of $4.25B. Shares flat AH. (PR) Comment! [Consumer, Earnings]
-
8:37 PM More on Zumiez' (ZUMZ) Q1: Revenues rise 14.3% Y/Y, even as comps drop 0.7% (comps growth was 12.9% in Q1 2012). CEO Rick Brooks reminds investors that the operating environment in Q1 was "more challenging" than it was in the same period a year ago and notes that "business improved throughout the quarter driven by strong full price selling during" March and April. For Q2 ZUMZ sees EPS of $0.12-0.14 (including a ~$0.04/share hit from the Blue Tomato acquisition) on revenue of $155-158M — consensus is for $0.17/share on sales of $156.79M. Shares -3.09% AH. (PR) Comment! [Consumer, Earnings, On the Move]
-
8:20 PM More on Aeropostale's (ARO) Q1: Revenues and comps fall 9% and 14% Y/Y respectively. The company cites a "weak macroeconomic environment [and] unseasonably cool weather" — so, the usual suspects — as negative factors. E-commerce revenues (included in the comps calculation) rise 13%. CEO Thomas Johnson says visibility is "limited" going forward but expresses confidence in the company's strategic initiatives to transform the brand and "develop growth drivers." For Q2, ARO sees a loss of $0.15-0.20/share versus consensus of a $0.06 per share loss. Shares -4.49% AH. (PR) Comment! [Consumer, Earnings, On the Move]
-
8:04 PM More on Infoblox (BLOX): FQ3 beats across the board as total revenue ramps up 34% Y/Y. Net losses narrowed as the data-center technology company benefited from growing product demand across all regions. The company also raised its FY13 revenue expectations, now expecting between $220M to $221M, versus previously targeted revenue of $216M to $219M. For Q4, the company projected earnings of $0.08 - $0.09 a share on revenue of $58M to $59M. Analysts forecast an EPS of $0.07 on revenue of $58M. Shares +14% AH. Comment! [Tech, Earnings, On the Move]
-
7:23 PM Sears Holdings (SHLD) gets slammed in after-hours trade following a disappointing first quarter that was much worse than analysts expected. In its conference call, CEO Eddie Lampert says the performance is "not acceptable,” adding that “a company of our size and with our assets should be generating a significant profit.” Shares -12% AH. 4 Comments [Earnings, On the Move, Consumer]
-
7:14 PM Tempur-Pedic International (TPX) says shareholders have approved the company's name change to Tempur Sealy International, at the company's annual meetingheld yesterday. The new name recognizes the combination of Tempur-Pedic and Sealy. The shares will continue to trade on the NYSE under the symbol "TPX." Comment! [Consumer, M&A]
STOCKTALKS
Sign in to view StockTalks by people you follow
TOP ARTICLES10:20 PM ET THURSDAY MAY 23
PORTFOLIO
| Symbol | Alerts | Price | Chg | % Chg |
|---|
Latest Portfolio Headlines
More on this portfolio:
Day Watch |
Alerts |
Holdings |
Performance |
Momentum |
Valuation |
Profitability |
Dividends |
Debt |
Ownership
LATEST ARTICLES
- 2 Must-Buy Stocks, What's Next For The Market by The Oxen Group • Comment!
- Short-Term Bearish On Brent Prices, Exciting Long-Term Energy Outlook by Shelley Lin • 1 Comment
- Going Back To Core Competency Could Help Brady Corporation Break To New Highs by Richard Tarjeft • Comment!
- Hewlett-Packard Reports Solid Earnings But Issues Still Remain by The Oxen Group • 2 Comments
- Donaldson: Holding Strong And Looking To Set New Highs by Richard Tarjeft • Comment!
- Thoughts On Tim Cook's Testimony by Calafia Beach Pundit • 17 Comments
- Is Our Corporate Tax System Irrational? by Michael Nau • 7 Comments
- The Truth Behind Apple's Numbers by David Trainer • 24 Comments
- A Subtle View Of Labor Market Improvement by The Federal Reserve Bank of Atlanta • Comment!
- 10% Yielding Hi-Crush Partners Too Cheap To Ignore by Bret Jensen • 2 Comments
ALPHA-RICH IDEAS
- Used Game Virtuous Cycle Game Over, Good Night GameStop by Josh Burwick • 12 Comments
- Lancashire Holdings, High ROEs Maintained By High Dividends by Intangible Valuation • Comment!
- Seadrill Partners: A Stable Driller With Growth Potential by Power Hedge • 6 Comments
- Why I'm Buying Multiband Hand Over Fist by Inefficient Market • 26 Comments
- Silver Bay Realty Trust: A Disaster Waiting To Happen by Josh Arnold • 78 Comments
- A Sustainable And Growing 8% Yield Is Driving NorthStar Realty Finance's Outperformance by Dane Bowler • 33 Comments
- Ryland: 2 Major Reasons Why This Homebuilder Is At Least 30% Overvalued by Money Investor • 4 Comments
- hhgregg: Gravity Will Return After A 175% Run Over The Last 6 Months by Money Investor • 19 Comments
- The Hard Money Has Been Made In Imperial Holdings by Whopper Investments • 8 Comments
- AdCare Tender Offer Looks Improbable by Benjamin Mackovak • 6 Comments
MACRO VIEW
- 2 Must-Buy Stocks, What's Next For The Market by The Oxen Group • Comment!
- Short-Term Bearish On Brent Prices, Exciting Long-Term Energy Outlook by Shelley Lin • 1 Comment
- Is Our Corporate Tax System Irrational? by Michael Nau • 7 Comments
- A Subtle View Of Labor Market Improvement by The Federal Reserve Bank of Atlanta • Comment!
- 4 Market Risks Worth Worrying About by Russ Koesterich • 1 Comment
- Small Inventory Builds Put Natural Gas Bulls Back On Track, Prices Poised To Break Above $4.40 by Hard Assets Investor • Comment!
DIVIDENDS & INCOME
- 10% Yielding Hi-Crush Partners Too Cheap To Ignore by Bret Jensen • 2 Comments
- Bull Of The Day: Flowers Foods by Zacks Investment Research • 1 Comment
- As Ford Enhances Its North American And Asian Production, I Think Its Dividend Has Potential by Heather Ingrassia • Comment!
- Breaking Down Borders In High Yield by AllianceBernstein • Comment!
- Why ConocoPhillips, With Over 4% Dividend Yield, Is On My Buy List by Martin Vlcek • 12 Comments
- Why Dividend Stocks Still Make Sense by Howard Gold • 2 Comments
ETFs & PORTFOLIO STRATEGY
- Do Stock Screens Really Work? by CFA Institute Contributors • 1 Comment
- 'Tapering Talk' Is Cheap - Buy Rate-Sensitive ETFs On Significant Dips by Gary Gordon • 1 Comment
- Is SDY Still A Buy? by Mark Piro • 1 Comment
- Buy And Hold For The 21st Century Using The VIX As Your Guide by Brad Kenagy • 14 Comments
- Sell In May? Know When To Hold 'Em And When To Fold 'Em by Mark W. Bertolin • Comment!
- The Case For Owning Mature Companies by California Dividend Bull • 3 Comments
INVESTING IDEAS
- Going Back To Core Competency Could Help Brady Corporation Break To New Highs by Richard Tarjeft • Comment!
- Donaldson: Holding Strong And Looking To Set New Highs by Richard Tarjeft • Comment!
- The Truth Behind Apple's Numbers by David Trainer • 24 Comments
- Buy Baltic Trading: Dry Cargo Shipping Exposure At A Discount To NAV by Lambros Papaeconomou • 1 Comment
- Real Money Gambling: Not Where The Money Is At For Glu Mobile by Kelvin M. • Comment!
- Peregrine Pharmaceuticals, The Little Biotech With The Golden Goose Of Immunotherapy by Chris Lacoursiere • 19 Comments