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The following is the list of major gainers and losers from yesterday’s trading session:

Gainers

Losers

Tkr

Company Name

% gain

Tkr

Company Name

% loss

Large Cap. (Mkt. Cap >10 Bn)

(NASDAQ:WYNN)

Wynn Resorts

3.85

(NASDAQ:ASML)

ASML HOLDING NV

-6.11

(NYSE:COH)

Coach

3.63

(NYSE:SID)

COMPANHIA SIDERURGICA

-3.38

(NYSE:IBN)

ICICI Bank

3.61

(NYSE:GGB)

GERDAU SA

-3.16

(NYSE:TEL)

Tyco Electronics

3.56

(NYSE:RTN)

RAYTHEON

-2.91

(NYSE:RL)

Polo Ralph Lauren

3.28

(NYSE:PBR)

Petrobras

-2.64

Mid Cap (Mkt. Cap between 1Bn and 10 Bn)

(NYSE:GRM)

Graham Packaging

32.97

(NASDAQ:STRA)

Strayer Education

-7.14

(NASDAQ:SLGN)

Silgan Holdings

18.92

(NYSE:GBL)

Gamco Investors

-6.88

(NASDAQ:RVBD)

Riverbed Technology

12.35

(NYSE:PWR)

QUANTA SERVICES

-4.91

(NASDAQ:ARUN)

Aruba Networks

9.27

(NASDAQ:UHAL)

AMERCO

-4.36

(NYSE:GHL)

Greenhill & Co., Inc.

-4.02

Here are some of the specifics about these companies, including a brief description of their business, growth rates (topline and bottomline) and valuation:

Large Cap Gainers

Wynn Resorts Ltd. gained 3.85 % yesterday. Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts. The company owns and operates two destination casino resorts. It has two segments: Wynn Las Vegas (which includes Encore at Wynn Las Vegas) and Wynn Macau (which includes Encore at Wynn Macau) which offers offers accommodations, amenities and service with rooms.

Its EPS forecast for the current year is 3.22 and for the next year is 4.15. According to the consensus estimates, its topline is expected to grow 13.10% in the current year and 8.9% for next year. It is trading at a forward P/E of 32.56. Out of 26 analysts covering the company, 10 are positive and have buy recommendations, 1 has a sell recommendation and 15 have hold ratings.

My Take: WYNN is positioned to benefit from strong trends in the Macau market, and, to a lesser extent, better than expected high-end Las Vegas Strip trends. However, with its current valuation at a premium to Las Vegas Sands (NYSE:LVS) and MGM Resorts (NYSE:MGM), I believe the stock is fairly valued and believe it’s prudent to remain on the sidelines.

Coach Inc. gained 3.63 % yesterday. Coach, Inc. is a marketer of fine accessories and gifts for women and men. Coach’s product offerings include handbags, women’s and men’s accessories, footwear, business cases, jewelry, wearables, sunwear, travel bags, fragrance and watches. Coach operates in two business segments: Direct-to-Consumer and Indirect.

Its EPS forecast for the current year is 2.88 and for the next year is 3.26. According to the consensus estimates, its topline is expected to grow 14.5% in the current year and 10.65% for the next year. It is trading at a forward P/E of 16.55. Out of 23 analysts covering the company, 17 are positive and have buy recommendations and 6 have hold ratings.

My Take: Although in the last couple of months there have been some concerns over increased sourcing costs, I believe Coach’s pricing power will help to offset them. Further, COH’s new platform launches featuring fresh product at compelling price points has resonated well with customers which can help same store sales going forward. COH is currently trading inline with its peer group and it can outperform going forward.

ICICI BANK LTD (ADR) gained 3.61 % yesterday. ICICI Bank Limited is an Indian banking company engaged in providing a range of banking and financial services, including commercial banking and treasury operations. It operates under four segments: retail banking, wholesale banking, treasury and other banking. The bank’s subsidiaries include ICICI Prudential Life Insurance Company Limited, ICICI Lombard General Insurance Company Limited, ICICI Trusteeship Services Limited, ICICI Prudential Pension Funds, Management Company Limited, ICICI Home Finance Company Limited and ICICI Securities Limited. Its EPS forecast for the current year is 2.12 and for the next year is 2.79. It is trading at a forward P/E of 18.01. One analyst covers the company and is positive and has a buy recommendation.

My Take: ICICI Bank is likely to witness over 20% growth in advances over the next couple of years due to growth in both corporate and retail loans. However, with price to book valuation over 2x, the stock looks pricey. I don’t think current risk reward is favorable and believe it's better to avoid the stock.

TE Connectivity Ltd (formerly Tyco Electronics Ltd.) gained 3.56 % yesterday. TE Connectivity Ltd. designs and manufactures over 500,000 products that connect and protect the flow of power and data inside various products. The company serves industries, such as consumer electronics, energy, healthcare, automotive, aerospace and communication networks. It operates through three segments: Transportation Solutions, which is a supplier of electronic components, Communications and Industrial Solutions, which is a supplier of electronic components; and Network Solutions, which is a supplier of infrastructure components and systems.

Its EPS forecast for the current year is 3.15 and for the next year is 3.46. According to the consensus estimates, its topline is expected to grow 17.5% over the current year and 6.9% the next year. It is trading at a forward P/E of 10.08. Out of 12 analysts covering the company, 8 are positive and have buy recommendations, 2 have sell recommendations and 2 have hold ratings.

My Take: Tyco Electronics C2Q11 will likely be negatively impacted from reduction in global vehicle production losses due to the recent Japanese disaster and the company is likely to be given conservative guidance. However, most of the sell side analysts are already pricing in the impact. These disruptions are temporary and things are likely to get back on track in C3Q11 and C4Q11. The automotive business, excluding Japan, should be better than expected (given the positive commentary from most of the non Japanese OEMs) and the long term secular growth trend remains intact. Therefore, I believe it is a good buy.

Polo Ralph Lauren Corporation gained 3.28 % yesterday. Polo Ralph Lauren Corporation is engaged in the design, marketing and distribution of products, including men’s, women’s and children’s apparel, accessories, fragrances and home furnishings. The company operates in three segments: Wholesale, Retail and Licensing. Its EPS forecast for the current year is 5.78 and for the next year is 6.52. According to the consensus estimates, its topline is expected to grow 12.9% over the current year and 9.9% the next year. It is trading at a forward P/E of 19.69. Out of 14 analysts covering the company, 6 are positive and have buy recommendations, 1 has a sell recommendation and 7 have hold ratings.

Large Cap Losers

ASML Holding N.V. lost 6.56% yesterday. ASML Holding N.V. is a holding company, which operates through its subsidiaries. The company is a provider of advanced technology systems for the semiconductor industry. It offers an integrated portfolio of lithography systems mainly for manufacturing complex integrated circuits (semiconductors, ICs or chips). The company supplies lithography systems to IC manufacturers throughout Asia, the United States and Europe and also provides its customers with a range of support services from advanced process and product applications knowledge to complete round-the-clock service support.

Its EPS forecast for the current year is 3.77 and the next year is 3.98. According to the consensus estimates, its topline is expected to grow 24% over the current year and -0.3% the next year. It is trading at a forward P/E of 9.95. Out of 6 analysts covering the company, 2 are positive and have buy recommendations, 1 has a sell recommendation and 3 have hold ratings.

My Take: ASML stock was under pressure after its Q12011 release. The company indicated that customers are likely pushing out their orders into the next year (2012). It appears that a lot of investors were overly bullish about the sales prospects and this news is likely a reality check for them. There are also concerns on EUV’s commercial readiness and the street seems too bullish on EUV for 2012. I believe the stock is likely to under perform in the near term.

Companhia Siderurgica Nacional lost 3.38 % yesterday. Companhia Siderurgica Nacional is an integrated steel producer in Brazil and Latin America. The company operates in three segments: steel, mining and logistics. The steel manufacturing facilities produce a range of steel products. The iron ore business includes the expansion of the mining activities and the support activities, the construction of pellet plants, and the trading of iron ore produced by other companies through the logistics network.

Its EPS forecast for the current year is 1.88 and the next year is 2.54. According to the consensus estimates, its topline is expected to grow 27.6% over the current year and 16.7% the next year. It is trading at a forward P/E of 6.18. Out of 6 analysts covering the company, 3 are positive and have buy recommendations, 2 have sell recommendations and 1 has a hold rating.

Gerdau S.A. lost 3.16 % yesterday. Gerdau is a producer of long rolled steel. Gerdau operates steel mills that produce steel by direct iron-ore reduction in blast furnaces and in electric arc furnaces. In Brazil it operates four integrated steel mills, including its mill, the Ouro Branco unit, an integrated steel mill located in the state of Minas Gerais. The company has a total of 59 steel producing units globally, including joint ventures and associate companies.

Its EPS forecast for the current year is 1.91 and the next year is 2.67. According to the consensus estimates, its topline is expected to grow18.4% over the current year and 12.4% the next year. It is trading at a forward P/E of 4.48. Out of 8 analysts covering the company, 4 are positive and have buy recommendations and 4 have hold ratings.

My Take on CSN and Geradu: Both stocks were down as commodities continue to correct after the recent Goldman Sach’s warning. These stocks are likely to trade based on where the iron ore prices are headed. However, I believe CSN is a better option than Geradu. Geradu has recently issued equity which would be EPS dilutive in the near term. Also, its investments in the flat steel division will only start contributing in 2013. Therefore, I prefer CSN over Geradu.

Raytheon Company lost 2.91% yesterday. Raytheon Company, together with its subsidiaries, is a technology company and specializes in defense, homeland security and other government markets. The company provides electronics, mission systems integration and other capabilities in the areas of sensing, effects and command, control, communications and intelligence systems.The company operates in six business segments: Integrated Defense Systems (IDS), Intelligence and Information Systems (IIS), Missile Systems (MS), Network Centric Systems (NCS), Space and Airborne Systems (SAS), and Technical Services (TS).

Its EPS forecast for the current year is 4.98 and next year is 5.57. According to the consensus estimates, its topline is expected to grow 3.1% over the current year and 2% the next year. It is trading at a forward P/E of 8.74. Out of 23 analysts covering the company, 10 are positive and have buy recommendations and 13 have hold ratings.

My Take: I am avoiding defense and other sector related federal spending from a short term perspective due to recent concerns regarding federal budget cuts. However, from a long term perspective, the stock looks attractive at 8.74x next year's PE.

Petroleo Brasileiro S.A. (Petrobras) lost 2.64% yesterday. Petroleo Brasileiro S.A. is an integrated oil and gas company. The company operates in five segments: exploration and production; refining, transportation and marketing; distribution; gas and power, and international. The exploration and production segment includes oil and gas exploration, development and production in Brazil. The refining, transportation and marketing segment includes downstream activities in Brazil, including refining, logistics, transportation, oil products and crude oil exports and imports, petrochemicals and fertilizers.

My Take: Crude futures as well as oil and gas stocks are correcting after the recent Goldman Sachs warning. Also, there has been some difference between Petrobas’s CEO and its board president over a prospective price rise. Petrobras Chief Executive Jose Sergio Gabrielli recently told reporters that a price rise in domestic gasoline prices is likely if international oil prices remain elevated. On the other hand, Minister Guido Mantega, president of the company’s board has categorically denied any chances of a price readjustment in the near future. In the near term, the stock movement is likely to follow the crude price.

Mid Cap Gainers

Graham Packaging Company Inc. gained 32.97% yesterday. Graham Packaging Company is a holding company. It owns 100% interests of BCP/Graham Holdings L.L.C. (BCP). The company designs, manufactures and sells value-added, custom blow molded plastic containers for branded consumer products. The company’s products provide differentiated packaging for consumer products that help address basic needs, such as nutrition, hygiene and home care.

Its EPS forecast for the current year is 1.71 and the next year is 2.07. According to the consensus estimates, its topline is expected to grow 16.4% over the current year and 2.9% the next year. It is trading at a forward P/E of 10.07. It is trading at a forward P/E of 10.73. All 6 analysts covering the company are positive and have buy recommendations.

Silgan Holdings (Silgan) gained 18.92% yesterday. Silgan Holdings Inc. is a manufacturer of metal and plastic consumer goods packaging products. Silgan’s products include steel and aluminum containers for human and pet food; metal, composite and plastic vacuum closures for food and beverage products, and custom designed plastic containers, tubes and closures for personal care, health care, pharmaceutical, household and industrial chemicals.

Its EPS forecast for the current year is 2.64 and the next year is 2.95. According to the consensus estimates, its topline is expected to grow 13.8% over the current year and 5.3% the next year. It is trading at a forward P/E of 14.84. Out of 12 analysts covering the company, 4 are positive and have buy recommendations, 2 have sell recommendations and 6 have hold ratings.

My Take on Silgan and Graham: Silgan Holdings and Graham packaging were up yesterday after Silgan announced the acquisition of Graham Packaging Company in a deal worth $4.1 billion. The merger will enable the combined entity to have annual revenue of more than $6.2 billion. Silgan Holdings anticipates that the deal will help it to cut its operating costs by $50 million in 3 years.

The acquisition will also help the company in diversifying its portfolio and significantly broaden its ability to serve customers in the premier food and specialty beverage packaging markets. The combined company will also be an interesting de-leveraging story supported by steady and stable cash flow. The stocks went up substantially after yesterday’s announcement, and the near term trend is likely positive. Investors can still buy the stock from both the short, as well as long term perspective.

Riverbed Technology, Inc. gained 12.35% yesterday. Riverbed has developed solutions to the fundamental problems associated with information technology performance across wide area networks (WANs). Riverbed’s products include solutions for branch offices, mobile workers, private data centers, private clouds and cloud computing. The company’s products include Steelhead products and the Cascade product line.

Its EPS forecast for the current year is 0.85 and the next year is 1.15. According to the consensus estimates, its topline is expected to grow 30.2% over the current year and 20.6% the next year. It is trading at a forward P/E of 30.20. Out of 33 analysts covering the company, 15 are positive and have buy recommendations and 18 have hold ratings.

My Take: Riverbed announced preliminary 1st quarter results which were above market expectations. Results demonstrate that demand for WAN optimization remains strong. I believe the company has developed a platform that has the best features, functionality, performance, ease-of-use, scalability, and flexibility in the market. Further, Riverbed has several emerging products that represent incremental revenue streams. Thus, I believe the stock is a good buy.

Aruba Networks, Inc. gained 9.27 % yesterday. Aruba Networks, Inc. connects local and remote users to corporate information technology resources via distributed enterprise networks. The company’s portfolio of campus, branch office, teleworker, and mobile solutions simplify operations and provide secure access to all corporate applications and services regardless of a user’s device, location, or network. The products the company licenses and sells include high-speed 802.11n wireless local area networks and virtual branching networking solutions for branch offices.

Its EPS forecast for the current year is 0.58 and for the next year is 0.68. According to the consensus estimates, its topline is expected to grow 42.4% over the current year and 27.7% the next year. It is trading at a forward P/E of 46.11. Out of 16 analysts covering the company, 8 are positive and have buy recommendations, 1 has a sell recommendation and 7 have hold ratings.

My Take: The market for wireless networking is strengthening, with wireless replacing wired ports at health care, retail, and technology customers. The company is well diversified and is likely gaining share from Motorola (NYSE:MMI) in retail and from Meru (NASDAQ:MERU) in education. Given positive dynamics across most of its enterprise verticals, I am bullish on the stock despite high valuations.

Mid Cap Losers

Strayer Education, Inc. lost 7.14 % yesterday. Strayer Education, Inc. is a post-secondary education services corporation. The company offers a range of academic programs through its wholly owned subsidiary Strayer University, Inc., both in classroom courses and online. Strayer University is an institution of higher learning that offers undergraduate and graduate degree programs in business administration, accounting, information technology, education, health care, public administration and criminal justice at 78 physical campuses.

Its EPS forecast for the current year is 8.97 and for the next year is 9.13. According to the consensus estimates, its topline is expected to grow 4.3% over the current year and 4.6% the next year. It is trading at a forward P/E of 13.62. Out of 19 analysts covering the company, 4 are positive and have buy recommendations, 1 has a sell recommendation and 14 have hold ratings.

GAMCO Investors, Inc. lost 6.88 % yesterday. GAMCO Investors is a provider of investment advisory services to mutual funds, institutional and private wealth management investors, and investment partnerships, principally in the United States. Through Gabelli & Company, Inc., it provides institutional research services to institutional clients and investment partnerships. Its revenues are based primarily on the firm’s levels of assets under management (AUM) and to a lesser extent, incentive fees associated with its various investment products.

Its EPS forecast for the current year is 3.0 and for the next year is 3.63. According to the consensus estimates, its topline is expected to grow 21.5% over the current year and 19.1% the next year. It is trading at a forward P/E of 12.14. All 3 analysts covering the company have hold ratings.

Quanta Services, Inc. lost 4.91 % yesterday. Quanta is a provider of specialty contracting services, offering infrastructure solutions to the electric power, natural gas, oil and telecommunications industries. The services it provides include the design, installation, upgrade, repair and maintenance of infrastructure within each of the industries it serves. Quanta has four segments: Electric Power Infrastructure Services, Natural Gas and Pipeline Infrastructure Services, Telecommunications Infrastructure Services and Fiber Optic Licensing.

Its EPS forecast for the current year is 0.89 and for the next year is 1.18. According to the consensus estimates, its topline is expected to grow 10.6% over the current year and 12% the next year. It is trading at a forward P/E of 17.71. Out of 20 analysts covering the company, 15 are positive and have buy recommendations, 1 has a sell recommendation and 4 have hold ratings.

My Take: Though there is near-term uncertainty regarding the pace of ramp up of a couple of key electric transmission projects, it's more of an issue about timing. Further, PWR's more challenged markets are at an inflection point now and will likely see positive trends going forward. The company is expected to have at least five large transmission projects in high ramp by 1Q12 vs. close to nil in 1Q11. I believe the current dip is a buying opportunity.

AMERCO lost 4.36 % yesterday. AMERCO is the holding Company for U-Haul International, Inc., Amerco Real Estate Company, Republic Western Insurance Company and Oxford Life Insurance Company. The company is North America’s do-it-yourself moving and storage operator through its subsidiary U-Haul International, Inc. (U-Haul). U-Haul is engaged in supplying products and services to help people move and store their household and commercial goods. The company rents its distinctive orange and white U-Haul trucks and trailers, as well as offering self-storage rooms.

Its EPS forecast for the current year is 8.05 and for the next year is 8.64. According to the consensus estimates, its topline is expected to grow 10.8% over the current year and 0.8% the next year. It is trading at a forward P/E of 11.11. Out of 2 analysts covering the company, 1 is positive and has a buy recommendation and 1 has a hold rating.

Greenhill & Co., Inc. lost 4.02 % yesterday. Greenhill is an independent investment bank focused on providing financial advice on mergers, acquisitions, restructurings, financings and capital raising to corporations, partnerships, institutions and governments. It acts for clients located worldwide from its offices in New York, London, Frankfurt, Tokyo, Toronto, Chicago, Dallas, Houston, Los Angeles and San Francisco. The company also manages merchant banking funds and similar vehicles.

Its EPS forecast for the current year is 2.19 and the next year is 3.22. According to the consensus estimates, its topline is expected to grow 17.2% over the current year and 22.8% the next year. It is trading at a forward P/E of 18.4. Out of 9 analysts covering the company, 2 are positive and have buy recommendations, 1 has a sell recommendation and 6 have hold ratings.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: My Take on the Major Gainers and Losers From Wednesday