Posts for Ticker ‘AXP’

24/7 Wall St.’s Corporate Power Rankings (Week 11)

The 24/7 Wall Street Corporate Power Rankings of the thirty-two most important companies in America are determined by earnings, analyst rankings, important corporate news, trends in each firm’s industry, product introductions, management strength and change, and credible rumors. It is, in effect, a new version of the DJIA.

The Corporate Power Rankings are released at midnight on each Sunday based on performance during the previous week.

Apple moved back into the No.1 spot on pre-orders of the iPad. McDonald’s dropped sharply down the list due to fears of more competition from Burger King (BKS) and Starbucks (SBUX). AT&T (T) dropped into the basement as concerns about the FCCs broadband initiative and its cost to the telecom industry spread.

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The Hardest Working Brands for 2009: The Year Of The Dog

A look at the “hardest working” major brands for 2009 shows that a number of them belong to companies which have done poorly and, in at least one case, may file Chapter 11. This is due to the definition of a hard-working brand, which is based on the ratio of its value to the market capitalization of its parent company.

CoreBrand reviewed the top 100 hardest working brands for the final quarter of 2009.  Their researchers point out that “the food industry moves to the top of the list, reflecting the economy and the general improvement of consumer staples businesses. Hershey’s (HSY), Campbell Soup (CPB), and Kellogg (K) make it into the top 5.” On the other hand “troubled industries like financial services and auto manufacturers have seen dramatic decline.”

Harley-Davidson (HOG) is in the top 10 among the hardest working brands. Before rumors of a buy-out, the motorcycle firm’s stock languished at $25, down from $42 less than two years ago. Harley’s stock trades for a low 1.2 times sales. Also near the top of the list is crippled book retailer Barnes & Noble (BKS), which trades for .3 times sales. Blockbuster (BBI) is in the top 25, with a ratio of .1x sales. The firm said in its 10-K that it is at risk for filing Chapter 11.

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Credit Card Delinquency Rates Are Improving?

One analyst who looked at the credit card delinquency rates for February noted that the figures appeared to be improving, but that they might be seasonal. It is another way of saying that they might not be improving at all.

American Express tends to have more affluent customers than most other credit card firms, and its delinquency rates did not improve  from January to February. Read More »

24/7 Wall St.’s Corporate Power Rankings (Week 10)

The 24/7 Wall Street Corporate Power Rankings of the thirty-two most important companies in America are determined by earnings, analyst rankings, important corporate news, trends in each firm’s industry, product introductions, management strength and changes, and credible rumors. It is, in effect, a new version of the DJIA.

The Corporate Power Rankings are released at midnight on each Sunday based on performance during the previous week.

McDonald’s (MCD) sharp improvement in same-store sales moved it to the top of the list. Google (GOOG) was beaten down by its probably decision to exit China.  Ford, which has been near the top of the list, what hurt by news that Toyota (TM) has posted strong sales in the early days of March

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Tiger Woods Next Endorsement Deals: PriceWaterhouse, Powerade, Citizen, Verizon, Chrysler, And Visa

Tiger Woods sponsorship income in 2009 was estimated by several media sources to be $110 million. Thirty million dollars of that came from Nike (NKE). There are no estimates for the revenue he received from the companies that chose to end their relationships with him—Accenture (ACN), Tag Hauer, AT&T (T), Gatorade, which is part of Pepsi (PEP), and Gillette, which is part of P&G (PG). Woods also almost certainly lost the opportunity to get another car brand deal to replace his arrangement with Buick when it lapsed. The Buick buyers are older than Woods, and the arrangement with the GM division was probably a bad deal from the start.

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Critical American Express Card Stolen By Employee, Little Info Available

American Express (AXP) has informed a number of its card members that their account numbers, names, the date on which their cards became effective, and the expiration dates have been stolen. The firm also said that the employee who took the data has been arrested and that an investigation is ongoing. American Express stated that social security numbers and national identification numbers were not taken.

The Ponemon Institute recently named American Express “Most Trusted Company for Privacy” for the fifth consecutive year. American Express also ranked highest in customer satisfaction among credit card companies in a recent JD Power survey.

Whan asked how many card members were effected, a American Express spokesman said that it was a relatively small percentage of the firm’s customer base. The company had approximately 88 million cardholders worldwide at the end of 2009.  That makes the term “relatively small” mean very little. Read More »

Crash Anniversary: DJIA’s 100% Gainers (BAC, AXP, AA, BA, CAT, DD, DIS, GE, HPQ, JPM, CSCO, MMM, MSFT, UTX)

March 9, 2009 marked the absolute apex of selling and marked the official ending date of the bear market.  At the time, many were expecting stocks to see gains because of grossly oversold conditions.  Yet how many investors and traders would have guessed that so many major companies would see their stocks double and triple?  We wanted to look at the best performers in the Dow Jones Industrial Average.  It is shocking how many of these are up 100% or far more off of 52-week lows on the anniversary of the crash.

It is amazing that 10 of the 30 DJIA components have more than doubled. Some have done far better than that.  Bank of America Corporation (NYSE: BAC) rose over 400% from its 52-week low, while American Express Company (NYSE: AXP) has risen more than 300% from its 52-week lows.  Alcoa, Inc. (NYSE: AA), Boeing Co. (NYSE: BA), Caterpillar Inc. (NYSE: CAT), EI DuPont de Nemours & Co. (NYSE: DD), Walt Disney Co. (NYSE: DIS), General Electric Co. (NYSE: GE), and Hewlett-Packard Company (NYSE: HPQ) have all risen more than 100%.  Hell, even JPMorgan Chase & Co. (NYSE: JPM), the greatest bank in America, is still up over 180% from its 52-week low.

What is amazing on top of the 100% and exponential gainers is that this was almost half of the companies in the DJIA if you include those which are up 90% from their 52-week lows.  Cisco Systems, Inc. (NASDAQ: CSCO), 3M Co. (NYSE: MMM), Microsoft Corporation (NASDAQ: MSFT), and United Technologies Corp. (NYSE: UTX) are almost at doubles off their lows and some have been doubles if the date was different per their 52-week highs and lows.

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24/7 Wall St.’s Corporate Power Rankings (Week 9)

The 24/7 Wall Street Corporate Power Rankings of the thirty-two most important companies in America are determined by earnings, analyst rankings, important corporate news, trends in each firm’s industry, product introductions, management strength and changes, and credible rumors. It is, in effect, a new version of the DJIA.

The Corporate Power Rankings are released at midnight on each Sunday based on performance during the previous week.

Apple took the top spot as its market cap moved toward $200 billion and it set April 3 to launch the iPad.  Ford moved into second place as its February sales topped GMs for the first time in 12 years.

Home Depot dropped to 31st as home sales dropped.

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24/7 Wall St.’s Corporate Power Rankings (Week 8)

The 24/7 Wall Street Corporate Power Rankings of the thirty-two most important companies in America are determined by earnings, analyst rankings, important corporate news, trends in each firm’s industry, product introductions, management strength and changes, and credible rumors. It is, in effect, a new version of the DJIA.

The Corporate Power Rankings are released at midnight on each Sunday based on performance during the previous week.

Ford was thrashed in the rankings due to the likelihood that February car sales in the US will be extremely weak. Buffett’s company climbed after it released his annual letter and strong financial results. Abbott moved up on news that stents, one of its major products, are effective in fighting strokes. And, Goldman Sachs (GS) stayed near the bottom of the list as investigations into the bank’s role in the Greek debt debacle grew.

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A More Confident Berkshire Hathaway Letter From Buffett (BRK-B, BRK-A, AXP, KO, COP, JNJ, KFT, PG, USB, WMT, WFC, DOW, GE, GS)

Warren Buffett’s new annual letter to shareholders is out.  This is a far different read than a year ago.  Berkshire Hathaway Inc. (NYSE: BRK-B, BRK-A) said its annual shareholder value rose by 19.8%, a figure which would be great most years but was short of the return of the S&P 500 Index.  Book value per share rose to $84,487.00… yet the stock ended at $99,200.00 on December 31, 2009.  The large premium was in part due to the pending mega-merger of Burlington Northern Santa Fe.

The good news here is that Warren Buffett is less cautious than in the past and is far less pessimistic and depressed compared to how he sounded a year ago.  Buffett claims to have added at least 650,000 shareholders to the 500,000 or so already on Berkshire’s books.  What is going to be different here is that Buffett is appealing to the new shareholders to understand what the company is and what it is not by directing holders to its principles…. Buffett notes, “Berkshire has adhered to these principles for decades and will continue to do so long after I’m gone.”

And there are many more zingers and explanations throughout, along with constant references to Charlie Munger.

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Short Sellers Attack Buffett Holdings (BRK-B, BRK-A, AXP, BAC, BDX, KMX, KO, CMCSA, COP, COST, XOM, GCI, GE, GS, GSK, HD, IR, IRM, JNJ, KFT, LOW, MCO, NLC, NKE, PG, RSG, SNY, STI, TMK, TRV, USG, UNH, UPS, WMT, WPO, WFC, WLP, WSC)

Short selling is seen for many reasons, but universally traders tend to track short selling to track the biggest changes in the short interest twice each month.  Whether these are hedges, forward delivery trades, or just raw short sales, the trend is generally viewed as a bet against the overall market.  During the month of February, we saw short selling increase at both the NASDAQ and at the NYSE.  And it turns out that the short selling increased against more Berkshire Hathaway Inc. (NYSE: BRK-B, BRK-A) stocks than those short positions which were lightened up.

The total NYSE short interest rose by 3.78% to 14,002,613,200 shares versus 13,492,652,518 shares in the period ending January 29, 2010.  NASDAQ short interest was up 4.75% to 7,019,657,092 shares versus 6,701,137,021 shares ending January 29, 2010.  It turns out that the best against Warren Buffett’s core holdings were frequently far higher than these short interest averages.

  • Berkshire Hathaway Inc. (BRK-A) was 14,752 shares, up 98% from 7,452 shares;
  • Berkshire Hathaway Inc. (BRK-B) was 29,538,177 shares, up 101% from 14,698,348 shares.

The bets against Buffet’s Berkshire Hathaway were likely left over arbitrage plays or more importantly were index addition bets that the stock would drop after it was added to the S&P 500 index.  We took a look here at the few first that actually saw a decrease in the short selling.  These are Buffett stocks which saw traders making lower bets against his portfolio stocks as follows:

24/7 Wall St.’s Corporate Power Rankings (Week 7)

The 24/7 Wall Street Corporate Power Rankings of the thirty-two most important companies in America are determined by earnings, analyst rankings, important corporate news, trends in each firm’s industry, product introductions, management strength and changes, and credible rumors. It is, in effect, a new version of the DJIA.

The Corporate Power Rankings are released at midnight on each Sunday based on performance during the previous week.

For Ford (F), Toyota (TM) is the gift that keeps on giving. IBM (IBM) picks up five spots on strength of tech sector. AT&T (T) drops on 3G trouble and Goldman Sach (GS) slips on investigation into Greek derivatives deals.

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Tiger’s Sponsors… Come From Behind Victory? (NKE, ERTS, AXP, PG, ACN)

Tiger Woods is a unique athlete that put himself in a unique situation.  Today’s first round of formal apologies was effectively nothing more than a telegraph of more to come that so far raises more questions than answers.  If you just look at the statements Tiger made, it seems as though he gave an invitation to his remaining corporate sponsors to jump ship or to distance themselves further if they want.  That may just be a temporary event until he returns to the world of golf, but there was very little of today that was about business and this leaves either an exit or a slowing for the degree of sponsorship and potentially for compensation.

Nike Inc. (NYSE: NKE) has so far stuck by Tiger, as has Electronic Arts Inc. (NASDAQ: ERTS).  Those issues might not be front and center as there are many aspects to bother companies way above and beyond Tiger Woods.  Neither company has indicated any change to the relationship.

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Buffett & Berkshire Hathaway 2010 Stock Holdings A to F (BRK-B, BRK-A, AXP, BAC, BDX, KMX, KO, CMCSA, CDCO, COP, COST, XOM, BNI)

Berkshire Hathaway Inc. (NYSE: BRK-B, BRK-A) has shown its holdings as of the close of business for December 31, 2009, so that being said these are Warren Buffett’s most recent holdings going into 2010.  We have already seen how some holdings have been trimmed, and some of these holdings will have been further cut even since the end of the year.  These have been broken down into 3 groups of ‘A to F’ and ‘G to P’ and ‘R to Z’ so it is more concise and clear.  Here are Warren Buffett’s holdings and accompanying notes for the group ‘A ot F.’

  • American Express Co. (NYSE: AXP) over 151.6 million shares, same as last quarter.
  • Bank of America Corp. (NYSE: BAC) 5 million shares; same as last quarter.
  • Becton Dickinson & Co. (NYSE: BDX) is a raised position 1.5 million shares, was only 1.2 million in prior quarter.
  • Carmax Inc. (NYSE: KMX) is a decreased position of 8 million shares, down from 9 million one quarter ago.
  • Coca Cola Co. (NYSE: KO) right at 200 million shares, still same as before.
  • Comcast (NASDAQ: CMCSA) 12 million shares, same as before.
  • Comdisco Holdings (NASDAQ: CDCO) roughly 1.5 million shares, same as before.
  • ConocoPhillips (NYSE: COP) is a decreased position of 37.7 million, was 57.43 million shares before and down from 62.485 million at the end of June.
  • Costco Wholesale (NASDAQ: COST) 5.254 million shares, same as before.
  • Exxon Mobil Corp. (NYSE: XOM) is a decreased holding of only 421,800 shares, this was a new holding last quarter and was 1.276 million shares.

Burlington Northern Santa Fe (NYSE: BNI) was of course still a holding, but this no longer matters as it has been acquired in a deal which was completed Friday.

BUFFETT HOLDINGS G to P

BUFFETT HOLDINGS R to Z

You can join our open email distribution list to hear more news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, key analyst calls, and more.

JON C. OGG

24/7 Wall St.’s Corporate Power Rankings (Week 6)

The 24/7 Wall Street Corporate Power Rankings of the thirty-two most important companies in America are determined by earnings, analyst rankings, important corporate news, trends in each firm’s industry, product introductions, management strength and changes, and credible rumors. It is, in effect, a new version of the DJIA.

The Corporate Power Rankings are released at midnight on each Sunday based on performance during the previous week.

Ford (NYSE:F) climbed as Toyota (NYSE:TM) almost certainly gave up US market share due to recalls. Oracle (NASDAQ:ORCL) moved up the list as rival SAP (NYSE:SA) struggled with trouble among its top management ranks. HP’s prospects were hurt as it become clear that computing is moving to smaller devices like the iPad and new smartphones introduced this week.

The Power Rankings…

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Brand Value And Stock Value: Soft Drinks, Candy, Soap, And Soup

Large consumer companies spend a great deal of marketing money on creating, preserving, and increasing the image of their brands. If a product has problems, the process does not always work. Toyota (NYSE:TM) has found that out the hard way.

A new study by CoreBrand sets values on  the relationships between brand equity and market cap among large American companies and the research points to two conclusions. The first is that iconic brands are critical to the stock market value of the firms that own them. Hershey (NYSE:HSY) ranked first in the CoreBrands study followed by Coca-Cola (NYSE:KO) and Campbell Soup (NYSE:CPB) have spent billions of dollars to build brands which are universally recognized. The second is that weak companies with low market caps may find that their tattered brands make up an especially large part of their fallen share prices. This is probably because their companies are worth so little. Blockbuster (NYSE:BBI) and Harley-Davidson (NYSE:HOG) fall into this category.

The list:

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24/7 Wall St.’s Corporate Power Rankings (Week 5)

The 24/7 Wall Street Corporate Power Rankings of the thirty-two most important companies in America are determined by earnings, analyst rankings, important corporate news, trends in each firm’s industry, product introductions, management strength and changes, and credible rumors. It is, in effect, a new version of the DJIA.

The Corporate Power Rankings are released at midnight on each Sunday based on performance during the previous week.

Cisco (NASDAQ:CSCO) surged to the top on unexpectedly strong earnings. Berkshire Hathaway (NYSE:BRK.A) got knocked down the list as it was stripped of its “Aaa” rating.  Exxon (NYSE:XOM) took the bottom stock on poor refinery margins and a sharp drop in oil prices.

Douglas A. McIntyre Read More »

Top Analyst Upgrades and Downgrades (AMD, AA, AXP, APC, COF, DFS, XOM, FCX, MA, Q, SCHN, PCU, V)

These are this Tuesday’s top analyst upgrades, downgrades, and initiations seen in early all Street research calls:

Advanced Micro Devices (NYSE: AMD) Cut to Conviction Sell at Goldman Sachs.
Alcoa Inc. (NYSE: AA) Raised to Buy at UBS.
American Express (NYSE: AXP) Raised to Buy at BofA/Merrill Lynch.
Anadarko Petroleum (NYSE: APC) Raised to Buy at Lazard Capital.
Capital One Financial (NYSE: COF) Raised to Buy at BofA/Merrill Lynch.
Discover Financial (NYSE: DFS) Raised to Buy at BofA/Merrill Lynch.
ExxonMobil Corp. (NYSE: XOM) Raised to Buy at BofA/Merrill Lynch.
Freeport-McMoRan (NYSE: FCX) Raised to Buy at Citigroup.
Mastercard (NYSE: MA) Started as Outperform at Bernstein.
Qwest Communications (NYSE: Q) Raised to Overweight at Piper Jaffray; Maintained Sell but removed from Conviction Sell at Goldman Sachs.
Schnitzer Steel (NASDAQ: SCHN) Raised to Buy at UBS.
Southern Copper Corp. (NYSE: PCU) Raised to Buy at Citigroup.
Visa Inc. (NYSE: V) Started as Outperform at Bernstein.

You are invited to join our free daily email distribution list to hear about top analyst upgrades and downgrades, IPOs and secondary offerings, ongoing day trader and options trader alerts, stock and market rumors, Buffett and guru investor news, M&A and more.

JON C. OGG
FEBRUARY 2, 2010

24/7 Wall St.’s Corporate Power Rankings (Week 4)

The 24/7 Wall Street Corporate Power Rankings of the thirty-two most important companies in America are determined by earnings, analyst rankings, important corporate news, trends in each firm’s industry, product introductions, management strength and changes, and credible rumors.

The Corporate Power Rankings are released at midnight on each Sunday based on performance during the previous week.

Berkshire Hathaway (NYSE:BRK.B) took the top spot after a reverse split of its shares and its addition to the S&P 500. Ford (NYSE:F) moved to second place as rival Toyota (NYSE:TM) faces a massive recall. Goldman Sachs (NYSE:GS) stays in last place as government pressure to regulate banks grows

Douglas A. McIntyre

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Top Analyst Upgrades and Downgrades (AA, AXP, AMLN, AMAT, NILE, CSCO, ETN, HBAN, HSY, JCI, JNPR, KEY, LXK, LTD, PNC, TXN)

These are this Tuesday’s analyst upgrades and downgrades seen from Wall Street research calls:

Alcoa, Inc. (NYSE: AA) Raised to Market Perform from Underperform at BMO Capital.
American Express (NYSE: AXP) Raised to Neutral from Sell at Ladenberg Thalmann.
Amylin Pharmaceuticals (NASDAQ: AMLN) Raised to Buy at Citigroup.
Applied Materials (NASDAQ: AMAT) Raised to Outperform at Oppenheimer.
Blue Nile (NASDAQ: NILE) Started as Hold at Benchmark.
Cisco Systems (NASDAQ: CSCO) Reiterated Hold at Auriga.
Eaton Corp. (NYSE: ETN) Raised to Buy at KeyBanc.
Huntington Bancshares (NASDAQ: HBAN) Raised to Outperform at Oppenheimer.
Hershey Co. (NYSE: HSY) Reinstated as Conviction Sell at Goldman Sachs.
Johnson Controls (NYSE: JCI) Cut to Neutral at UBS.
Juniper Networks (NASDAQ: JNPR) Reiterated Sell at Auriga.
KeyCorp (NYSE: KEY) Raised to Outperform at Oppenheimer.
Lexmark International (NYSE: LXK) Raised to Overweight at Barclays.
Limited Brands (NYSE: LTD) Raised to Outperform at BMO Capital.
PNC Financial (NYSE: PNC) Raised to Outperform at Oppenheimer.
Texas Instruments (NYSE: TXN) Reiterated Sell at Auriga; yet Maintained Buy at Broadpoint AmTech.

You are invited to join our free daily email distribution list to hear about top analyst upgrades and downgrades, IPOs and secondary offerings, ongoing day trader and options trader alerts, stock and market rumors, Buffett and guru investor news, M&A and more.

JON C. OGG