Posts for Ticker ‘GRMN’

Top Day Trader Alerts (GRMN, VG, ABK, ACAS, STEC, JAVA)

These are this morning’s top day trader alert and active trader alert stocks.  We have links through to VSInvestor.com on each stock with much more detailed data and analysis on the news, price, and volume:

Garmin Ltd. (GRMN) is up over 3%, but far less than you’d think after earnings were well above estimates.

Vonage Holdings Corporation (NYSE: VG) is down close to 10% despite positive earnings because revenues declined.

Ambac Financial Group, Inc. (NYSE: ABK) is soaring by 25% on a huge earnings per share number, after items of course.

American Capital, Ltd. (NASDAQ: ACAS) is up 18% and this is already well off highs after earnings and a potential debt restructure.

STEC, Inc. (NASDAQ: STEC) is one of the morning’s ugliest with a 30% drop on a idsappointment in its earnings and on at least two analyst downgrades.

Sun Microsystems Inc. (NASDAQ: JAVA) is down 2.4% on the E.U. hurdle noted last night, but this had been down as much as 8% or 9% after the news broke. (No Link)

You can join our open email distribution list to get updates on top analyst upgrades and downgrades, top day trader alerts, IPO’s, secondary offerings, Warren Buffett and other guru activity, M&A and more.

JON C. OGG

Posted on: November 4, 2009 – 8:59 am in Pre-Market Activity, , , , , ,

Is Google’s Navigation Launch A Category Killer? (GOOG, TRMB, GRMN)

GOOG ImageGoogle Inc. (NASDAQ: GOOG) and its ‘new’ navigation via Google Maps Navigation is putting the hurt on the GPS competitors.  Trimble Navigation (NASDAQ: TRMB) posted income of $15.6 million, a 60% drop, in its quarterly profits yesterday and revenue was down 18% to $269.7 million.  Unfortunately, the guidance was under expectations.  And shares are only down 0.2% at $21.25 after recovering from morning lows.  Garmin Ltd. (NASDAQ: GRMN) is getting clipped far worse as the ‘launch’ from Google seems to be a direct assault on its model, and Garmin’s earnings are just a week away.  Today’s only real shock may be in the timing of the launch.
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Posted on: October 28, 2009 – 2:46 pm in Consumer Electronics, Internet, Technology Companies, Wireless, , ,

Top Day Trader Alerts (ALL, MO, AIG, AXL, DSCO, GRMN)

These are this Friday’s top day trader alert stocks.  We have more color and more detail on price and volume analysis linked through to each at VSInvestor.com:

AllState Corp. (NYSE: ALL) is holding up better than we would have expected considering a Goldman Sachs downgrade to Sell.

Altria Group Inc. (NYSE: MO) had unbelievable options trading yesterday, although it appears to be a dividend capture trade… over 1 million SEPT-2009 contracts were traded yesterday on that basis.

American International Group, Inc. (NYSE: AIG) is holding up rather well considering the downgrade.  We have color on price channels and trading patterns on this one because of how sketchy this stock is.

American Axle (NYSE: AXL) is soaring by 17% on an upgrade, a rather tall task for a research call.

Discovery Laboratories Inc. (NASDAQ: DSCO) is up about 50% on an FDA review date.

Garmin Ltd. (NASDAQ: GRMN) may not be anywhere close to the old highs, but an analyst upgrade is helping it get close to challenging 52-week highs.

You can join our open email distribution list which goes out several times per week for top day trader alerts, top analyst upgrades and downgrades, IPO’s, key secondary offerings, guru investor data on Buffett and others, mergers, and more.

JON C. OGG
SEPTEMBER 11, 2009

Posted on: September 11, 2009 – 9:03 am in After-Hours Activity, Pre-Market Activity, Trading Alert, , , , , ,

Top Analyst Upgrades (AXL, BRCD, CL, ELX, GRMN, PGR, Q, SLB, TTWO)

These are this Friday’s top analyst upgrades, initiations, and positive research calls seen early from Wall Street:

American Axle (NYSE: AXL) Raised to Overweight at Barclays.
Brocade (NASDAQ: BRCD) Started as Outperform at Oppenheimer.
Colgate-Palmolive (NYSE: CL) Raised to Buy at Goldman Sachs.
Emulex (NYSE: ELX) Raised to Buy at Argus.
Garmin (NASDAQ: GRMN) Raised to Buy at BofA/Merrill Lynch.
Progressive (NYSE: PGR) Raised to Buy at Goldman Sachs.
Qwest (NYSE: Q) Raised to Market-Weight at Thomas Weisel.
Schlumerberger (NYSE: SLB) Raised to Buy at Goldman Sachs.
Take-Two Interactive Software (NASDAQ: TTWO) Started as Outperform at Wells Fargo.
Textron (NYSE: TXT) Raised to Overweight at Barclays.

You can join our open email distribution list which goes out several times per week if you wish to be notified by email when the top upgrades and downgrades are out, for top day trader alerts, IPO’s, key secondary offerings, guru investor data on Buffett and others, mergers, and more.

JON C. OGG

Posted on: September 11, 2009 – 8:12 am in Analyst Calls, , , , , , , , ,

Garmin & Raymarine, A Defensive & Strategic Opportunity (GRMN, AAPL, VZ, GOOG, T)

Garmin LogoGarmin Ltd. (NASDAQ: GRMN) may still be the leader in its space in the U.S., but the company has become very ‘yesteryear’ for investors.  The company recently performed much ‘less-worse’ than expectations and shares soared after earnings, but then itreceived a key analyst downgrade from Goldman Sachs.  Now the company is ready to throw in an acquisition into the mix.  All the reports from the weekend and early this week have Garmin making a cash bid to acquire a troubled and much smaller Raymarine, a GPS navigation solution system maker for the recreational boating and light commercial marine markets.  Because of the growing competition in this GPS space, we wanted to see if this would be a deal brought by need or brought by convenience.

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Posted on: August 18, 2009 – 11:10 am in Mergers and Buy Outs, Rumors, Satellite, Wireless, , , , ,

Access To GPS In US Gets Cheap As Apple (AAPL) iPhone Apps Grow

appleTwo years ago, GPS products cost more than $1,000. Car companies charged as much as $2,500 for the systems. Tom Tom and Garmin (GRMN) stocks hit remarkably high levels on demand for GPS  devices and on the rich prices that they could charge consumers. Less than two years ago, Gamin shares traded at over $125. The commoditization of GPS functions has helped push that price below $30.

The sales of expensive GPS products have been irreparably damaged by products like Google (GOOG) Maps which can run on smartphones. That process is continuing with Tom Tom’s release of a download product for the Apple (AAPL) iPhone. The cost of the software is only $100. Read More »

Posted on: August 17, 2009 – 5:56 am in Software, Wireless, , , , , ,

Top Day Trader Alerts (JASO, GRMN, YRCW, JAZZ, MEDX, BMY, PETD, TOL, XHB, BRCM)

These are this morning’s top day trader alerts and most active in price and volume.  We have more detailed analysis and data on price and volume with links through to each at VSInvestor.com:

JA Solar Holding Co. (NASDAQ: JASO) is down close to 10% after poor results.

Garmin Ltd. (NASDAQ: GRMN) is down over 5% on a key analyst downgrade.

YRC Worldwide, Inc. (NASDAQ: YRCW) was down over 7% on an analyst downgrade.

Jazz Pharmaceuticals, Inc. (NASDAQ: JAZZ) was up almost 20% on an unexpected profit.

Medarex Inc. (NASDAQ: MEDX) is seeing very unusual merger arb volume after the Hart-Scott-Rodino merger review period for the Bristol-Myers Squibb (NYSE: BMY) buyout has expired.

Petroleum Development Corporation (NASDAQ: PETD) is down 5% and will be an exponential volume mover on the secondary offering.

Toll Brothers (NYSE: TOL) has some sales gains data that is strong enough to lift the SPDR S&P Homebuilders (NYSE: XHB).

This was not seen until a post-close review, but Broadcom Corp. (NASDAQ:BRCM) was seeing some very unusual PUT OPTIONS TRADING yesterday.

JON C. OGG
AUGUST 12, 2009

Posted on: August 12, 2009 – 9:26 am in Pre-Market Activity, Trading Alert, , , , , , , , , ,

Top Day Trader Alerts (ACAS, GRMN, NVAX, ONT, PG, USU, WFMI)

These are this morning’s top day trader and active trader alerts.  We have links through to VSInvestor.com for more detailed price and volume analysis on each stock:

American Capital Ltd. (NASDAQ: ACAS) is down a sharp 20% on a wide loss and issue on its covenants.

Garmin Ltd. (NASDAQ: GRMN) is up huge in pre-market trading after earnings were less-bad.

Novavax, Inc. (Nasdaq: NVAX) is soaring as one of NASDAQ’s most active issues.  The company has manufactured a virus-like particle vaccine candidate against the H1N1 pandemic influenza virus.

On2 Technologies (NYSE AMEX: ONT) is up almost 55% at $0.59 after a Google buyout deal.

Procter & Gamble Co. (NYSE: PG) is down almost 4% on weak earnings metrics and choppy guidance.

USEC Inc. (NYSE: USU) is up over 12% after a DOE delay on the loan guarantee application.

Whole Foods Market, Inc. (NASDAQ: WFMI) is hitting 52-week highs on strong earnings and a slight return to growth.

The 24/7 Wall St. Team

Posted on: August 5, 2009 – 8:56 am in Pre-Market Activity, Trading Alert, , , , , , ,

24/7 Wall St. TV: Sony–No Hit Products Since The Stone Age

24/7 WallSt TVSony has been skewered for its lack of innovation for the last half decade. Its last big consumer electronics hit was the Walkman which went on sale in June 1979. Sony had another hit in 2000 when it launched the PlayStation 2 which has sold over 140 million units, but game consoles are not a mainstream electronics business, no matter how profitable they are. Video games don’t sell across the broad spectrum of consumers the way that PCs, TVs, and handsets do. Read More »

Posted on: July 31, 2009 – 4:37 am in Consumer Electronics, Earnings, Editor's Picks, Entertainment, Hardware, PC Companies, Satellite, Software, Video Games, Wireless, , , , , , , , , ,

Trimble Earnings… a Prelude to Garmin? (TRMB, GRMN)

Trimble Navigation Limited (NASDAQ: TRMB) is a very different company than Garmin Ltd. (NASDAQ: TRMB).  Trimble offers advanced positioning product solutions to commercial and government users.  Garmin is the GPS provider that is one your dashboard your car or on at least one person’s that you know personally.  Trimble gave earnings after the close, and some will try use it to gauge Garmin’s earnings next week.
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Posted on: July 28, 2009 – 4:35 pm in Consumer Electronics, Earnings, ,

Surprise Short Selling Changes (DNDN, DRYS, ETFC, FLEX, GRMN, SIRI, AMTD)

After looking through the short interest changes for the end of May.  We saw unusual gains in short selling increases in Dendreon Corporation (NASDAQ: DNDN), DryShips Inc. (NASDAQ: DRYS), E*TRADE Financial Corp. (NASDAQ: ETFC), Flextronics International (NASDAQ: FLEX), Garmin Ltd. (NASDAQ: GRMN), Sirius XM Radio Inc. (NASDAQ: SIRI), and TD Ameritrade Holding (NASDAQ: AMTD). As you will see below, we included the stocks and the short interest changes:
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Posted on: June 10, 2009 – 11:02 am in Short Interest, , , , , , ,

Garmin’s Head On Collision (GRMN)

burning-money-pic2Garmin Ltd. (NASDAQ: GRMN) looks a bit like a train wreck as the maker of mobile GPS systems and PND systems posted $0.25 non-GAAP EPS and $437 million in revenues vs. Thomson Reuters estimates of $0.42 EPS and $531.5 million in revenues.   If it sounds bad on the surface, it is that and worse.
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Posted on: May 6, 2009 – 6:41 am in Consumer Electronics, Earnings, Technology Companies,

Top Technology Analyst Calls (BBND, CSC, ELX, GRMN, QCOM, STX, WBSN, WDC)

We have seen several influential analyst upgrades, downgrades, and initiation calls in the technology sector from Wall Street early this Wednesday morning.  These are the key tech calls we have seen with about two hours until the open:

  • BigBand Networks (NASDAQ: BBND) Cut to Underperform at Jefferies.
  • Computer Sciences Corp. (NYSE: CSC) Started as Sell at Citigroup.
  • Emulex (NYSE: ELX) Cut to Underweight at JPMorgan.
  • Garmin Ltd. (NASDAQ: GRMN) Cut to Neutral at Baird.
  • Qualcomm (NASDAQ: QCOM) Started as Outperform at FBR.
  • Seagate Tech (NASDAQ: STX) Cut to Neutral at JPMorgan.
  • Websense (NASDAQ: WBSN) Raised to Outperform at FBR.
  • Western Digital (NYSE: WDC) Raised to Neutral at JPMorgan.

JON C. OGG

Posted on: April 8, 2009 – 6:41 am in Analyst Calls, Technology Companies, , , , , , , ,

Early Bird Analyst Upgrades & Downgrades (AZ, CEO, DAI, BEN, GRMN, SE, TEF)

These are the early bird analyst calls from Wall Street that we have seen early this Wednesday morning with about 3 hours until the market opens:

  • Allianz (NYSE: AZ) Cut to Neutral at JPMorgan.
  • CNOOC (NYSE: CEO) Cut to Sell at UBS.
  • Daimler (NYSE: DAI) Raised to Buy at Goldman Sachs.
  • Franklin Resources (NYSE: BEN) Cut to Market Perform at KBW.
  • Garmin (NASDAQ: GRMN) Cut to Neutral at Baird.
  • Spectra Energy (NYSE: SE) Cut to Market Perform at Wachovia.
  • Telefonica (NYSE: TEF) Cut to Hold at Deutsche Bank.

JON C. OGG

Posted on: April 8, 2009 – 5:54 am in Analyst Calls, , , , , , ,

Garmin’s Compass (GRMN)

garmin-logo1Garmin Ltd. (NASDAQ: GRMN) is the GPS device market’s dominant player, at least here in the U.S.  Yet the stock and the company have been in trouble for some time.  This latest earnings report looks not quite as bad as it could have, but it still makes you wonder if the GPS devices are giving Garmin’s workers the wrong directions each morning on the way to work.
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Posted on: February 23, 2009 – 8:42 am in Consumer Electronics, Earnings, Technology Companies,

Early Bird Technology Analyst Upgrades & Downgrades (AAPL, GOOG, ELX, ISIL, ITRI, GRMN)

Money_stack_pic_2We have some key technology and consumer electronics stocks which are seeing upgrades and downgrades from Wall Street analysts this Tuesday morning.  Here are some of the calls we have seen from this morning and from after yesterday’s close:

  • Apple (NASDAQ: AAPL) Raised to Outperform at Oppenheimer.
  • Google (NASDAQ: GOOG) Raised to Neutral from Sell at Merriman Curhan Ford.
  • Emulex (NYSE: ELX) Cut to Neutral at Goldman Sachs.
  • Intersil (NASDAQ: ISIL) Cut to Neutral at JPMorgan.
  • Itron (NASDAQ: ITRI) Cut to Neutral at JPMorgan; started as Buy at Merriman Curhan Ford.
  • Garmin (NASDAQ: GRMN) Cut to Sell at Goldman Sachs.

Jon C. Ogg
January 6, 2009

Posted on: January 6, 2009 – 6:47 am in Analyst Calls, Technology Companies, , , , , ,

Garmin Holding Up Better Than You Think (GRMN)

Garmin_logoGarmin Ltd. (NASDAQ: GRMN) appears to have pulled a rabbit out of the hat and its stock is indicated higher after the GPS leader managed to beat earnings expectations.  The company posted earnings of $0.87 non-GAAP EPS vs. $0.84 estimates, and that is only a 2% decline from 2007 levels.  Revenues were $870 million vs. $865 million estimates. 

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Posted on: October 29, 2008 – 6:38 am in Consumer Electronics, Earnings, Technology Companies, Wireless,

The 52-Week Low Club 7/30/2008 (CBG)(AUO)(SIMO)(GRMN)

Sad_clownCB Richard Ellis Group (CBG)  Big profit drop. Shares off to $13.43 from 52-week high of $38.

Au Optronics (AUO) Weak outlook for next quarter, Falls to $12.35 from 52-week high of $22.48.

Silicon Motion (SIMO) Another company with poor outlook. Sells down to $6.75 from 52-week high of $26.10.

Garmin (GRMN) Cuts outlook. Drops down to $34.51 from 52-week high of $125.58.

Douglas A. McIntyre

Posted on: July 30, 2008 – 2:50 pm in HI/LOW, , , ,

The 52-Week Low Club (LUM)(RAI)(UNH)(CLX)(GRMN)

Luminent (LUM) Company proposes to restructure. Shares down to $.24 from 52-week high of $10.78.

Reynolds American (RAI) Falling profit and lower guidance. Drops to $52.17 from 52-week high of $72.

International Paper (IP) Increased costs hurt earnings. Sells down to $25.81 from 52-week high of $41.57.

Unitedhealth Group (UNH) Healthcare sector still selling off. Dips to $32.50 from 52-week high of $59.46.

The Clorox Company (CLX) Moving down ahead of earnings. Falls to $52.86 from 52-week high of $68.36.

Garmin (GRMN) Profit misses estimates. Shares down to $38.75 from 52-week high of $125.68.

Douglas A. McIntyre

Posted on: April 30, 2008 – 2:50 pm in HI/LOW, , , , , ,

Garmin EPS Almost Bad GPS, But… (GRMN)

Garmin Ltd. (NASDAQ: GRMN) posted first quarter earnings that were off the mark.  The GPS leader posted a profit gain of 6% to $147.8 million, or $0.69 EPS, on revenues of $663.8 million.  First Call had estimates at $0.75 EPS on $705.1 million.

The company generated $166 million in free cash flow during Q1-2008, and it ended with cash
and marketable securities balance of $1.2 billion. Overall gross margins remained stronger than expected as its automobile margins remained flat, marine gross margin rose by 9 points and outdoor/fitness and aviation remained stable.

This note from the release here shows a cautious company: While we are pleased with our strong performance in the first quarter, it is important to note that the global economic slowdown has impacted companies across the board.

Frankly, non of this should be a shock at all, at least not if there is anything similar to an efficient market theory where information manages to get priced in.  What is interesting is that estimates from Wall Street analysts haven’t really come in that much, despite different waves of data signaling slower sales and despite a near-50% share price drop since the last few days of 2007.

Shares closed at $46.44 yesterday, and shares are down over 5.5% at $43.84 in pre-market trading.  The 52-week trading range is $42.01 to $125.68.

Jon C. Ogg
April 30, 2008

Posted on: April 30, 2008 – 6:54 am in Consumer Electronics, Earnings,