Seeking Alpha
  • Friday, October 31, 2014

  • 6:26 PM
    • The average gallon of gasoline in the U.S. will cost less than $3 this weekend for the first time in nearly four years, with more than 60% of all U.S. stations selling gas for less than $3/gallon, according to AAA.
    • "We're going to continue going down, and by Thanksgiving I'm seeing $2.80 a gallon" before stabilizing into early 2015, oil analyst Andy Lipow tells CNBC, noting that gasoline futures are tumbling, which will be passed on to consumers over the next few weeks.
    • Lipow remains wary of a potential market surprise if Saudi Arabia decides to cut production, "since the market thinks that OPEC is going to do nothing."
    • ETFs: USO, OIL, UCO, SCO, BNO, UGA, DTO, DBO, CRUD, USL, UWTI, DNO, DWTI, SZO, OLO, OLEM
    | 3 Comments
  • 5:25 PM
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  • 5:09 PM
    • Furmanite (NYSE:FRM): Q3 EPS of $0.05 misses by $0.07.
    • Revenue of $124.12M (+24.7% Y/Y)
    • Press Release
    | Comment!
  • 4:06 PM
    • Costamare (NYSE:CMRE): Q3 EPS of $0.38 beats by $0.01.
    • Revenue of $124.72M (+13.2% Y/Y) beats by $0.83M.
    • Shares +1.31% AH.
    • Press Release
    | Comment!
  • 3:22 PM
    • Ford (F +1.2%) says 179K consumers priced their online configuration of a 2015 F-150 over the last four weeks.
    • The automaker says a total of 200K website visitors have asked to be notified when there is news about the F-150 style they prefer.
    • What to watch: Ford has given up some market share in the U.S. this year in anticipation of strong demand for the aluminum-bodied 2015 F-150. Early buzz could be critical with the automaker needing to get to Q2 before seeing full supply.
    | 8 Comments
  • 2:51 PM
    • Dollar General (DG +0.2%) extends its tender offer for shares of Family Dollar (FDO +0.4%) until December 31.
    • The original tender expired today with only a small portion of FDO shares ending up in the hands of Dollar General.
    • The extension pushes the decision for Family Dollar shareholders past a special meeting set for December 11 to vote on the lower Dollar Tree (DLTR +1.7%) acquisition offer.
    • FDO trades at $78.15 vs. the $74.50 DLTR offer and $80.00 DG bid.
    | Comment!
  • 2:40 PM
    • Share of MercadoLibre (MELI +20.5%) soar after the company records a 20% Y/Y Q3 revenue gain and tops estimates.
    • Items sold through the company's service were up 22% to 26.9M during the period.
    • The strong report drew the notice of analysts. Bank of America upgraded MELI by two notches to a Buy rating and Deutsche Bank increased the price target on the stock to $100.
    | Comment!
  • 2:12 PM
    • Amazon (AMZN +1.7%) will start labeling promotions on its website as "Black Friday" deals beginning tomorrow.
    • The company will offer two deals of the day through December 22 and more than 15K lightning deals.
    • Prime members will get the first crack at some of Amazon's promotions.
    • What to watch: Most retail analysts and economists have a forecast of 4.0%-4.3% growth for holiday sales which factors in promotional activity at last year's level. Any extra discounting/promotions push from the sector could take sales below estimates.
    • Related ETFs:
    • ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, IYC, FDIS, SCC, UCC, PMR, RCD, UGE, SZK
    | 7 Comments
  • 1:34 PM
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  • 1:21 PM
    • The odds aren't good for a national roll-out of smartphone payments solution CurrentC, according to USA Today's Jeff Graham.
    • The retail consortium admitted to a hacking incident earlier this week and has lost momentum with Apple Pay dominating headlines.
    • Inside the network, Meijer broke ranks with fellow MCX members by moving to accept Apple Pay with its hardware.
    • CurrentC was created to help the retail industry bypass credit card fees.
    • Partial list of MCX members: LUV, GPS, DNKN, KR, TGT, WMT, BBBY, KSS, SHLD, WEN, BBY.
    | 5 Comments
  • 12:57 PM
    • Walgreen (WAG +1.7%) CFO Timothy McLevish will deliver a presentation at the Credit Suisse Healthcare conference on November 12.
    • The talk from the exec could be an important one, according to analysts.
    • Fresh insight on the Alliance Boots integration, the forecasting error allegedly made by McLevish's predecessor, the impact of CVS Caremark's tobacco/health strategy, and Apple Pay could all be on the agenda.
    | Comment!
  • 12:48 PM
    • Marriott International (MAR -0.4%) has signed content deals with superstars from YouTube and Snapchat in an effort to build an entertainment platform that attracts younger travelers to the Marriott brand, according to Variety.
    • YouTuber Jack Harries and Snapchat contributor/film director Casey Neistat are included in the list of entertainers set to feed Marriott Content Studio.
    | Comment!
  • 11:47 AM
    • The Barbie vs. Elsa sales trend looks to be extending into the holiday season.
    • Hasbro (HAS +1.2%), Jakks Pacific (JAKK -1.4%), and Disney (DIS +1.3%) all saw a powerful sales boost from Frozen-related doll sales in Q3, while Mattel's (MAT +2.1%) Barbie brand slumped during the quarter.
    • A scan of Google search tallies indicates Elsa is still taking Barbie market share just ahead of the crucial holiday season.
    • Google Trends: Barbie, Elsa.
    | 5 Comments
  • 11:34 AM
    • Kohl's (KSS) says it will match the policy of several of its department store peers by opening store doors at 6:00 p.m. on Thanksgiving.
    • The company also plans to test the use of Google Express in several regions during the Thanksgiving to Black Monday period.
    | Comment!
  • 11:03 AM
    • Boyd Gaming (BYD +6.9%) trades higher after reporting mixed Q3 results.
    • The company disclosed yesterday that it's working out potential REIT strategies with advisers.
    • CEO Keith Smith was cautious during the firm's earnings call about the REIT process.
    • The exec read a prepared statement and stonewalled Q&A on the topic.
    | 3 Comments
  • 10:51 AM
    • La Quinta Holdings (NYSE:LQ) files a 20M common shelf registration statement with the SEC on the behalf of certain shareholders.
    • The company won't receive any proceeds from the stock sale.
    • SEC Form S-1
    | Comment!
  • 10:38 AM
    | 5 Comments
  • 10:23 AM
    • Anheuser-Busch InBev (BUD -0.7%) reports an increase in profit during Q3 as higher prices offset some volume slips in the U.S, Europe and Asia.
    • Sales volume was off 2.6% in the U.S., while a cold spell in China led to a 4.9% volume dip in the region.
    • Market share in the U.S. fell 30 bps vs. the -65 bp slide in Q2.
    • No problems in Brazil, where A-B's market share rose 100 bps to 69% with the World Cup traffic a factor.
    | Comment!
  • 10:13 AM
    • Jaguar Land Rover (NYSE:TTM) says a $750M engine plant in England is now functioning.
    • The plant will mark a departure for the company as it will make engines for Jaguar and Land Rover models on its own for the first since the brands were purchased from Ford.
    • The facility in Wolverhampton will have the capacity to produce 300K engines a year.
    | Comment!
  • 9:56 AM
    • Wedbush reiterates its Buy rating on Starbucks (SBUX -1.8%) on its view comps will accelerate in FY15 and beyond, powered by fresh mobile initiatives.
    • UBS maintains a Buy rating on the company, saying the margin expansion in the Americas geographic segment was overlooked.
    • Jefferies is a buyer on the dip as it see Starbucks committed to shifting resources into digital growth opportunities.
    • If there's a common theme from Wall Street on Starbucks, it's that the company is a step ahead of brick-and-mortar peers in its acceptance of the new consumer paradigm.
    • CEO Howard Schultz tipped off his view on brick-and-mortar decline last January during the firm's FQ1 earings call
    | 4 Comments
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