Posts for Ticker ‘DWA’

Top Analyst Downgrades (BRCD, DPS, DWA, EL, NOK, SNDK, VE)

These are the early-bird analyst downgrades and cautious research calls we have seen from Wall Street this Monday morning:

Brocade Communications (BRCD) Cut to Perform at Oppenheimer.
Dr. Pepper Snapple Group, Inc. (DPS) Cut to Hold at Deutsche Bank.
Dreamworks (DWA) Cut to Market Weight at Thomas Weisel.
Estee Lauder (EL) Cut to Conviction Sell List, but was already Sell, at Goldman Sachs.
Nokia (NOK) Cut to Neutral at HSBC.
SanDisk (SNDK) Cut to Sell at UBS.
Veolia Environment (VE) Cut to Neutral at HSBC.

JON C. OGG

Posted on: October 12, 2009 – 7:12 am in Analyst Calls, , , , , , ,

Top 10 Analyst Upgrades/Downgrades (BSX, DWA, ETFC, FSLR, LVS, MSFT, MOS, POT, UPS, UA)

These are the top 10 analyst calls for upgrades and downgrades seen early this Monday morning from Wall Street research firms:
Boston Scientific (BSX) Cut to Neutral at UBS.
DreamWorks Animation (DWA) Raised to Outperform at William Blair.
E*TRADE Financial (ETFC) Raised to Buy at Citigroup.
First Solar (FSLR) Cut to Sell at Soleil.
Las Vegas Sands (LVS) Raised to Buy at Bank of America Merrill Lynch.
Microsoft (MSFT) Raised to Buy at Auriga.
Mosaic (MOS) Cut to Hold at Citigroup.
Potash Corp. of Saskatchewan (POT) Cut to Hold at Citigroup.
UPS (UPS) Raised to Neutral at Credit Suisse.
Under Armour (UA) Raised to Neutral at Goldman Sachs.

JON C. OGG

Posted on: September 14, 2009 – 8:18 am in Analyst Calls, , , , , , , , , ,

The 52-Week Low Club (FCXS)(DWA)(JBL)(LVS)

sad_clown13Las Vegas Sands (LVS) Too few gamblers, too much debt. Analyst lowering estimates. Falls to $2.13 from $90.28.

Jabil Circuit  (JBL) Planning more lay-offs. Drops to $4.38 from 52-week high of $18.78.

Dreamworks Animation (DWA) Tough quarter. Analyst downgrade. The daily double. Sells down to $17.32 from 52-week high of $32.73.

Fcstone Group  (FCSX) Trouble with debt provisions and analyst downgrades. Sells off to $1.52 from 52-week high of $50.68.

Douglas A. McIntyre

Posted on: February 25, 2009 – 4:04 pm in HI/LOW, , , ,

Top Pre-Market Analyst Upgrades (BXP, DWA, DUK, MET, MTB, PRXL, POR, PFG, PSA, UDR)

These are some of the top pre-market analyst calls we are seeing this Friday morning:

  • Boston Properties (BXP) Raised to Outperform at FBR.
  • DreamWorks Animation (DWA) Raised to Buy at Jefferies.
  • Duke Energy (DUK) Raised to Neutral at Goldman Sachs.
  • MetLife (MET) Resumed at Overweight at Morgan Stanley.
  • M&T Bank Corp (MTB) Raised to Neutral at Baird.
  • Parexel (PRXL) Raised to Outperform at William Blair.
  • Portland General (POR) Raised to Buy at Goldman Sachs.
  • Principal Financial (PFG) Raised to Equal-weight at Morgan Stanley.
  • Public Storage (PSA) Raised to Outperform at Wachovia.
  • UDR Inc. (UDR) Raised to Outperform at FBR.

Jon C. Ogg
October 10, 2008

Posted on: October 10, 2008 – 7:02 am in Analyst Calls, , , , , , , , , ,

Early Bird Analyst Upgrades (NLY, ATML, DWA, NVS, PRM, SSCC, SNWL)

These are not all of the upgrades and positive analyst calls on Wall Street this morning, but these are the ones we are focusing on early this Tuesday morning:

  • Annaly Capital (NLY) Raised to Buy at Merrill Lynch.
  • Atmel (ATML) Started as Buy at UBS.
  • Dreamworks Animation SKG (DWA) Raised to Buy at Merrill Lynch.
  • Novartis (NVS) Raised to Neutral from Underperform at Credit Suisse.
  • Primedia (PRM) Raised to Neutral at JPMorgan.
  • Smurfit-Stone Container (SSCC) Raised to Buy at Goldman Sachs.
  • SonicWall (SNWL) Started as Outperform at Baird.

Jon C. Ogg
September 23, 2008

Posted on: September 23, 2008 – 6:06 am in Analyst Calls, , , , , , ,

Despite Recent Gains, IMAX Short on Earnings (IMAX, DWA)

IMAX Corporation (NASDAQ: IMAX) is one of the entertainment operations that has been trying to remedy its woes, and its shares at one point were up 100% and more from the 52-week low.  This morning the company issued earnings under estimates at -$0.25 EPS on a 12.3% drop in revenues to $23.5 Million.  First Call had estimates at -$0.14 EPS on revenues of $25.4 million; and the loss for Q1 2007 was only -$0.12 EPS.

IMAX also noted that the seasonally weak quarter faced difficult comparison because of last year’s strong IMAX release of 300.  Below are some key metrics for last quarter and this quarter:

  • The Spiderwick Chronicles opened on February 15 and grossed $6.8 million in IMAX theaters.
  • Shine A Light, the Rolling Stones concert film opened April 4 and IMAX has grossed about $3.9 million to-date.
  • The company noted that it was disappointed that Spiderwick and Shine a Light did not perform as well as it had hoped.
  • On May 9, it grossed $1.9 million from 84 screens on the release weekend of Speed Racer.

A new announcement may mitigate the earnings discrepancy that has been seen this morning, although this is part of an ongoing award.  IMAX announced a deal with DreamWorks Animation (NYSE: DWA) to release Madagascar: Escape 2 Africa into IMAX theaters globally on November 7, 2008.

If you look through the numbers, the company’s rising cost structure is probably more to blame on the earnings front than anything sinister on the entertainment side:

  • SG&A expenses were $12.4 million in Q1, up from $10.3 million a year ago.
  • R&D costs rose to $2.5 million in Q1. up from $1.5 million a year ago, largely related to investments in its switch from film to digital technology.
  • Legal and professional fees (included SG&A) rose to $3.1 million in Q1 from $2.4 million a year ago.

With a last seen short interest of 2.25 million shares, or about 16-days volume, that may keep the selling from outweighing the buying after this stock opens.

Jon C. Ogg
May 12, 2008

Posted on: May 12, 2008 – 7:23 am in Earnings, Entertainment, ,

S&P Index Change Candidates (DWA, HS, GMCR, FBTX, MLNM)

We have seen several announcements out of Standard & Poors regarding index changes today, with the effective dates as follows:

  • DreamWorks Animation SKG Inc. (NYSE: DWA) will now replace Millennium Pharmaceuticals Inc. (NASDAQ: MLNM) in the S&P MidCap 400 after the close of trading on Thursday, May 8, as Millennium’s acquisition by Takeda is expected to close on or about that date.
  • HealthSpring Inc. (NYSE: HS) will now replace Franklin Bank Corp. (NASDAQ: FBTX) in the S&P SmallCap 600 after the close on Wednesday, May 7…. Franklin has a market cap of a mere $26 million and has the 600th worst weighting in the index. 
  • Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) will replace Matria Healthcare Inc. (NASDAQ: MATR) in the S&P SmallCap 600 on a T.B.A. basis, pending Inverness Medical Innovations (AMEX: IMA) final approvals to acquire Matria.

As a reminder, traders that look at index additions and deletions generally like to focus on stocks that are coming in fresh into the S&P that were not a member of the S&P 1500 comprised of small-cap, mid-cap, and 500-Index members already.

Jon C, Ogg
May 5, 2008

Posted on: May 5, 2008 – 4:56 pm in Index, , , , ,

Top 10 Pre-Market Analyst Calls (AFL, CROX, DKS, DWA, EXPD, ERIC, POT, STT, UST, XTO)

Below are the top analyst calls we are focusing on this Wednesday morning:

  • AFLAC (NYSE: AFL) cut to Neutral from Buy at UBS.
  • Crocs (NASDAQ: CROX) cut to Neutral from Overweight at JPMorgan.
  • Dick’s Sporting Goods (NYSE: DKS) cut to Neutral from Buy at UBS.
  • DreamWorks Animation (NYSEL DWA) started as Neutral at UBS.
  • Expeditors International (NYSE: EXPD) cut to Neutral at UBS.
  • LM Ericsson (NASDAQ: ERIC) cut to Neutral at HSBC Securities.
  • Potash Corp. (NYSE: POT) target Raised to $240 From $200 at CIBC.
  • State Street (NYSE: STT) cut to Market Perform from Outperform at KBW.
  • UST (NYSE: UST) cut to Neutral from Buy at Goldman Sachs.
  • XTO Energy ((NYSE: XTO) started as Outperform at Morgan Keegan.

Jon C. Ogg
April 2, 2008

Jon Ogg produces the Special Situation Investing Newsletter and he can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: April 2, 2008 – 6:52 am in Analyst Calls, , , , , , , , , ,

Tech Profits From 3-D & Cinema Expansion Initiatives (AIXD, DIS, GE, NWS, VIA, DWA)

A small company called Access Integrated Technologies, Inc. (NASDAQ: AIXD) made an announcement this morning that it received commitments from four major movie studios to provide movies to up to 10,000 digital cinemas in the U.S. and in Canada that will be in conformance with the DCI specifications.  The four studios are as follows:

  • Disney (NYSE: DIS),
  • News Corp.’s (NYSE: NWS) 20th Century Fox,
  • Viacom Inc.’s (NYSE: VIA) Paramount,
  • and General Electric’s (NYSE: GE) Universal Pictures.

This will take three years to complete, but the studios have agreed to pay virtual print fees for a limited time (it does not only a limited time) for movies projected on its systems.  This will help in the commitment for 3-D delivery on select features, and we’d note that Dreamworks (NYSE: DWA) just signaled this morning that the animation studio would be releasing a 3-D film that has been under works called "Monsters vs. Aliens" in 3-D next year.

Access Integrated Technologies is seeing shares up more than 25% to $3.21 today and its market cap is a mere $84 million after this pop.  Its 52-week trading range is $2.05 to $9.68.  We may be looking farther into the financial terms there for our weekly "Stocks Under $10" letter, so stay tuned on this one.  This would be up far more than this amount of the company didn’t have this one listed as for "a limited time only."

Jon C. Ogg
March 11, 2008

Posted on: March 11, 2008 – 12:11 pm in Entertainment, , , , , ,

Pre-Market Analyst Calls (July 13, 2007)

AOB started as Outperform at CIBC.
AUY started asOutperform at Credit Suisse.
BGFV cut to Sector Perform at CIBC.
BJ raised to Equal Weight at Lehman.
BLK started as Outperform at Wachovia.
CCL raised to Overweight at JPMorgan.
CHE cut to Hold at Deutsche Bank.
CIT cut to Sector PErform at CIBC.
CREE started as Hold at Deutsche Bank.
DWA started as Buy at Stifel Nicolaus.
EMC cut to Mkt Perform at Morgan Keegan.
FRO cut to Reduce at UBS.
HAL raised to Outperform at Credit Suisse.
HDB started as Buy at Jefferies.
IBN started as Buy at Jefferies.
NATI raised to Overweight at Thomas Weisel.
NDN raised to Buy at Deutsche Bank.
PPDI cut to Hold at Jefferies.
RCL raised to Overweight at JPMorgan.
RNOW started as Hold at Cantor Fitzgerald.
RSH cut to Sell at B of A.
SEB raised to Buy at Jefferies.
SWK started as Neutral at B of A.
SWY raised to Equal Weight at Lehman.
VRSN raised to Buy at Jefferies.
VSCN cut to Mkt Perform at FBR.
WON cut to Sell at Citigroup.
ZBRA raised to Overweight at Thomas Weisel.

Jon C. Ogg
July 13, 2007

Posted on: July 13, 2007 – 6:43 am in Analyst Calls, , , , , , , , , , , , , , , , , , , , , , , ,