Posts for Ticker ‘PCLN’

Top Analyst Upgrades, Downgrades, Initiations (ADBE, BCS, STV, FPL, FLR, GME, PCLN, TOL, TSN, TROW)

These are this Wednesday’s top 10 analyst upgrades, downgrades, and initiations seen in Wall Street research calls:

Adobe Systems NASDAQ: ADBE) Cut to Perform at Oppenheimer.
Barclays plc (NYSE: BCS) Cut to Hold at RBS.
China Digital TV (NYSE: STV) Cut to Neutral at Piper Jaffray.
FPL Group (NYSE: FPL) Raised to Buy at Citi.
Fluor (NYSE: FLR) Raised to Hold at Citi.
GameStop (NYSE: GME) Removed from Convition Buy List at Goldman Sachs (still Buy rated).
Priceline.com (NASDAQ: PCLN) Cut to Neutral at Credit Suisse.
Toll Brothers (NYSE: TOL) Raised to Outperform at Wells Fargo.
Tyson Foods (NYSE: TSN) Cut to Neutral at JPMorgan.
T. Rowe Price (NASDAQ: TROW) Raised to Outperform at Credit Suisse.

You can join our open email distribution list which goes out several times per week to be notified of key merger news, key analyst calls, top early morning day trader alerts, along with news of IPO’s, key offerings, guru investor data on Buffett and others, mergers, and more.

JON C. OGG

Posted on: November 11, 2009 – 8:11 am in Analyst Calls, Pre-Market Activity, , , , , , , , , ,

52-Week High Club (PCLN, TWTC, FOSL)

Priceline.com Inc (NASDAQ: PCLN) surged over 20% to a yearly high of $209.19.  The global online travel agency rose after the company forcast that 4Q earnings would be at least $1.52 a share, with current analyst estimates resting around $1.49.  

tw telecom inc. (NASDAQ: TWTC) rose as high as 10% today as it reached a yearly high of $15.24.   The internet and telephone service provider was upgrade by JPMorgan Chase & Co. to “overweight” from “neutral”. 

Fossil Inc (NASDAQ: FOSL) rose as high as 11.5% to a high of $32.07 toda as the fashion accessory designer and distributor raised their earnings estimates.  

Garrett W. McIntyre

Posted on: November 10, 2009 – 4:29 pm in Earnings, Retail, Telecom, , , ,

Top Day Trader Alerts (ATVI, ERTS, PCLN, JASO, EPR, BKD, JAVA, ORCL, STAN)

These are this morning’s top day trader and active trader alert stocks with more details and analysis via a link to VSInvestor.com for each stock:

Activision Blizzard, Inc. (NASDAQ: ATVI) is up 2% over the new “Call of Duty: Modern Warfare II”… Electronic Arts Inc. (NASDAQ: ERTS) is down 3% after being up on sloppy earnings last night.

Priceline.com Incorporated (NASDAQ: PCLN) is hitting multi-year highs after beating its earnings targets and raising guidance.

JA Solar Holdings Co. Ltd. (NASDAQ: JASO) is a winner and up 6% after earnings.

Entertainment Properties Trust (NYSE: EPR) is getting hit on a secondary offering.

Brookdale Senior Living Inc. (NYSE: BKD) is getting hit on a larger secondary offering as Fortress Investment Group LLC (NYSE: FIG) is selling all of the shares in the deal.

Sun Microsystems Inc. (NASDAQ: JAVA) and its $9.50 per share buyout by Oracle Corp. (NASDAQ: ORCL) may be further in jeopardy on an EU protest, but it is holding up better than you might think.

Standard Parking Corp. (NASDAQ: STAN) is down over 3% on a 6.59 million share secondary offering of common stock.

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 10, 2009 – 9:17 am in Pre-Market Activity, Trading Alert, , , , , , , , ,

Top 10 Earnings on Deck This Week (ERTS, ENER, PCLN, SQNM, TYC, AMAT, M, JWN, WMT, DIS)

bull-and-bear-image2Earnings season has wound down now with over 85% of the S&P 500 Index having reported.  Still, there are some key companies posting their quarterly results and some companies were screened out of this list which are still actively traded or widely held stocks.  Electronic Arts Inc. (NASDAQ: ERTS), Energy Conversion Devices, Inc. (NASDAQ: ENER), Priceline.com Inc. (NASDAQ: PCLN) and Sequenom Inc. (NASDAQ: SQNM) are on deck Monday. Also this week are earnings from Tyco International Ltd. (NYSE: TYC), Applied Materials Inc. (NASDAQ: AMAT), Macy’s, Inc. (NYSE: M), are Nordstrom Inc. (NYSE: JWN). Wal-Mart Stores, Inc. (NYSE: WMT) and Walt Disney Co. (NYSE: DIS) are our two DJIA components reporting this week.

We have included Thomson Reuters consensus estimates and included performance and other important color where applicable.  We have shown the share performance since the March 9 close that traders mark as the official end date of the bloody bear market.  One issue to consider is that we used the performance since June 30 to keep consistency for our prior previews even though some of the quarter-ends this coming week are technically August 31.
Read More »

Posted on: November 8, 2009 – 10:26 am in Alternative Energy, Calendar, Cult Stock, Earnings, Green Biz, Retail, Semiconductor, Short Interest, , , , , , , , , ,

Media Digest 8/11/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   The Congressional Oversight Panel said the Treasury should do more to get toxic assets off bank balance sheets.

Reuters:   A federal judge still refuses to sign off on an SEC deal with Bank of America (BAC) and the SEC to settle charges regarding Merrill Lynch bonus payments.

Reuters:   Rio Tinto (RTP) says that there is no evidence against its employees detained in China. Read More »

Posted on: August 11, 2009 – 4:08 am in Press Digest, , , , , , , , ,

Top Day Trader Alerts (FRE, FNM, PCLN, RIMM, LLY, MCD, TRW, YRCW)

These are this Monday’s top day trader and active trader alert stocks.  More detailed price and volume data is provided via a link to each story at VSInvestor.com:

Freddie Mac (NYSE: FRE) and Fannie Mae (NYSE: FNM) are going to likely be today’s top day trader stocks after Freddie Mac said the GSE doesn’t need money from Uncle Sam (for now).  We expect 100 million shares.

Priceline.com inc. (NASDAQ: PCLN) is soaring to 52-week highs after better than expected earnings.

Research In Motion Ltd. (NASDAQ: RIMM) is down with a potential chart alert after UBS downgraded it.

Eli Lilly & Co. (NYSE: LLY) is down 3.5% and could get worse on an ugly downgrade from Goldman Sachs.

McDonald’s Corp. (NYSE: MCD) has a severe chart alert after its same store sales report.

TRW Automotive Holdings Corp. (NYSE: TRW) is down 7% on a secondary offering announcement.

YRC Worldwide Inc. (NASDAQ: YRCW) is one of the stronger stocks with 15% gains after another labor agreement was approved.

JON C. OGG
AUGUST 10, 2009

Posted on: August 10, 2009 – 9:11 am in Pre-Market Activity, Trading Alert, , , , , , , ,

Media Digest 4/20/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaper17According to Reuters, PepsiCo (PEP) is offering $6 billion for a number of its bottlers.

Reuters reports that GlaxoSmthKline (GSK) is in talks to buy Stiefel Laboratories.

Reuters writes that the US may convert its bank bailout funds to equity shares.

Reuters reports that Exxon (XOM) topped Wal-Mart (WMT) as the largest company in the Fortune 500. Read More »

Posted on: April 20, 2009 – 2:59 am in Press Digest, , , , , , , , , , , ,

Priceline Soars, Expedia Lands In Hudson River (PCLN, EXPE, OWW)

money-stack-pic5burning-money-pic15It seems that the insatiable growth in online travel bookings might have reached the point that the crumbling economy has caught up to it.  It seems that the name your own or bid your own prices at Priceline.com Inc. (NASDAQ: PCLN) is still a winner as times get tougher and travel sources might be more likely to give tickets and bookings away for cheaper discounts.  But shares of Expedia Inc. (NASDAQ: EXPE) are taking a pounding this morning after the online travel service reported earnings with a writedown that is nothing short of staggering.
Read More »

Posted on: February 19, 2009 – 9:31 am in Airlines, Earnings, Entertainment, Internet, Luxury, Trading Alert, , ,

Saudi Prince & $8 Billion in Losses (C, PCLN, PEP, MOT, HPQ, EBAY, AAPL, EK)

Burning_money_pic_2If you are not familiar with the name Kingdom Holding Co., you may know its owner by the name of Prince Alwaleed bin Talal.  He has been a very visible investor in many companies including Citigroup, Inc. (NYSE: C).  There are reports that his holding company has lost roughly $8.26 billion in the last quarter.

Read More »

Posted on: January 20, 2009 – 9:44 am in Activist Investor, Insider Activity, Private Equity, , , , , , , ,

Early-Bird Analyst Upgrades (EMKR, IAG, PNM, PCLN, SDXC)

These are some of the very early morning upgrades and positive calls we have seen from the analyst community this Friday morning:

  • Emcore (EMKR) Started as Buy at Stanford Research.
  • IAMGold (IAG) Started as Overweight at Thomas Weisel.
  • PNM Resources (PNM) Raised To Market Perform at Wachovia.
  • Priceline.com (PCLN) Raised to Buy at Citigroup.
  • Switch & Data (SDXC) Started as Buy at SunTrust.

Jon C. Ogg
August 15, 2008

Posted on: August 15, 2008 – 6:16 am in Analyst Calls, , , , ,

Priceline Finally Showing Cracks? (PCLN)

Priceline.com Inc. (NASDAQ: PCLN) has just reported earnings. The online travel bidding service posted $1.55 non-GAAP EPS on $514 million in revenues.  First Call had estimates of $1.41 EPS on $495.7 million in revenues.  Unfortunately, the earnings today are not the only issue traders are focusing on.

Read More »

Posted on: August 5, 2008 – 3:40 pm in Earnings, Entertainment, Internet,

Top Pre-Market Analyst Upgrades (AFL, AMGN, BBY, CHTT, CVH, HNT, KMB, PCLN, RDC)

These are not all of the upgrades or positive calls we have seen, but these are some calls moving shares this Monday morning:

  • AFLAC (AFL) Raised to Outperform at Raymond James.
  • Amgen (AMGN) Raised to Overweight at Morgan Stanley.
  • Best Buy (BBY) Raised to Buy at Banc of America.
  • Chattem (CHTT) Raised to Overweight at JPMorgan.
  • Coventry Health (CVH) Raised to Buy at UBS.
  • Health Ney (HNT) Raised to Buy at UBS.
  • Kimberly-Clark (KMB) Raised to Neutral at Goldman Sachs.
  • Pricleine.com (PCLN) Raised to Overweight at Thomas Weisel.
  • Rowan (RDC) Raised to Neutral at JPMorgan.

Jon C. Ogg
July 28, 2007

Posted on: July 28, 2008 – 6:30 am in Analyst Calls, , , , , , , , ,

Top Analyst Upgrades (AMAT, BP, CPST, EGLT, ELON, ITRI, KLAC, NSC, PQ, PCLN)

These are some of the top UPGRADES we are seeing from Wall Street analysts this Thursday morning:

  • Applied Materials (NASDAQ: AMAT) Started as Buy at Banc of America.
  • BP plc (NYSE: BP) raised to Overweight from Neutral at HSBC Securities.
  • Eagle Test Systems (NASDAQ: EGLT) started as Buy at Banc of America.
  • KLA-Tencor (NASDAQ: KLAC) Started as Buy at Banc of America.
  • Norfolk Southern (NYSE: NSC) Raised to Overweight at JPMorgan.
  • PetroQuest Energy (NYSE: PQ) Raised to Buy from Neutral at UBS.
  • Priceline.com (NASDAQ: PCLN) started as Buy at Stanford Research.

Jon C. Ogg
July 10, 2008

Posted on: July 10, 2008 – 7:01 am in Analyst Calls, , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (AGN, SCOR, BOOM, EQ, GPS, HRC, JWN, MORN, PCLN, RSH)

These are ten of the analyst calls we see impacting shares this Friday morning:

  • Allergan (NYSE: AGN) cut to Hold at Jefferies.
  • ComScore (NASDAQ: SCOR) raised to Outperform at Oppenheimer.
  • Dynamic Materials (NASDAQ: BOOM) cut to Neutral at JP Morgan.
  • Embarq (NYSE: EQ) raised to buy at Deutsche Bank.
  • Gap Inc. (NYSE: GPS) cut to Neutral at Banc of America.
  • Hill-rom (NYSE: HRC) started as Outperform at Oppenheimer.
  • Nordstrom (NYSE: JWN) raised to Outperform at Credit Suisse.
  • Morningstar (NASDAQ: MORN) raised to Outperform at Keefe Bruyette
  • Priceline.com (NASDAQ: PCLN) cut to Hold at Citigroup.
  • RadioShack (NYSE: RSH) raised to Buy at Banc of America.

Jon C. Ogg
May 2, 2008

Posted on: May 2, 2008 – 6:55 am in Analyst Calls, , , , , , , , , ,

Priceline.com Earnings Keep Flying (PCLN)

Priceline.com Inc. (NASDAQ: PCLN) just posted non-GAAP EPS of $0.96 EPS on $334.9 million in revenues, while the estimates from First Call for the online travel company were $0.84 EPS on $329.3 million in revenues, and if you look below these are higher than mid-points of its guidance. 

Its guidance for next quarter is pro forma EPS of $0.50 to $0.60 EPS and revenue growth of 30% translates to $391.3 million, while next quarter estimates are $0.53 EPS on $342.42 million in revenues.

As far as 2008 guidance, Priceline offered $4.80 to $5.10 pro form EPS, and estimates for fiscal Dec-2008 are $4.90 EPS on $1.69 billion in revenues. 

The short interest may be playing part of this too as it has increased in each of the last two periods and was listed as 9.81 million shares on the last report, which is more than 4.5 days worth of trading volume.

Priceline closed down 2.6% to $102.23 in regular trading and shares are trading up almost 7% initially at $109.00 in after-hours trading.  Its 52-week trading range is $48.75 to $120.67.

Jon C. Ogg
February 14, 2008

Posted on: February 14, 2008 – 4:14 pm in Earnings, Internet, Transports,

Priceline.com Braced For Earnings (PCLN)

This afternoon after the market closes, we’ll get to see earnings out of Priceline.com Inc. (NASDAQ: PCLN).  The estimates from First Call for the online travel company are $0.84 EPS on $329.3 million in revenues, and if you look below these are higher than mid-points of its guidance.  Next quarter estimates are $0.53 EPS on $342.42 million in revenues. Estimates for fiscal Dec-2008 are $4.90 EPS on $1.69 billion in revenues.

The company did offer prior guidance with its last earnings for this quarter of $0.77 to $0.85 pro forma EPS on revenues of 22% to 26% growth (translates to a range of $317+ to $327+ million).

Analysts have an average price target north of $120.00, and the most recent critical call we saw was a raise from "Hold" to "Buy" out of Citigroup last month.  It appears that options traders are braced for a move of up to $7.00 or $8.00 in either direction.  Despite a decent pullback since December highs, this chart still looks like it has not violated a longer-term uptrend.  Conversely, this stock has been using its 50-day moving average as resistance and that level is currently $107.59.  Its 200-day moving average is $85.27 and shares reached down as low as $87.00 to $90.00 during the worst part of January.  The short interest has increased in each of the last two periods and was listed as 9.81 million shares on the last report, which is more than 4.5 days worth of trading volume.

Priceline.com has greatly exceeded its earnings targets in each of the last four quarters.  As shares are up over 100% from lows we’d expect that Wall Street wants to see some solid numbers again to maintain the current prices.    In late November-2007, Priceline.com did add Jetblue to its airline roster.  At current prices, Priceline.com trades with a P/E ratio of roughly 26 for the current period and just under a forward P/E ratio of 21 for fiscal Dec-2008.

In mid-day trading, shares are down 3.5% at $101.30 and Priceline.com Inc.’s 52-week trading range is $48.75 to $120.67.

Jon C. Ogg
February 14, 2008

Posted on: February 14, 2008 – 12:56 pm in Earnings, Internet, Transports,

Top 10 Pre-Market Analyst Calls (CLX, EL, LAMR, RF, TMA, AMT, CCI, EXPE, OWW, PCLN, F, GM)

Here are some of the top individual analyst calls in pre-market trading:

  • Clorox (NYSE: CLX) downgraded to Underweight at Lehman.
  • Estee Lauder (NYSE: EL) raised to Equal-weight at Lehman.
  • Lamar Advertising (NASDAQ: LAMR) started as Buy at Jefferies.
  • Regions Financial (NYSE: RF) downgraded to Sell from Hold at Citigroup.
  • Thornburg Mortgage (NYSE: TMA) raised to Buy from Hold at Jefferies.

Below are some sector calls:

  • COMM. TOWERS: American Tower (NYSE: AMT) & Crown Castle (NYSE: CCI) raised to Buy from Neutral at UBS.
  • ONLINE TRAVEL DOWNGRADES: Expedia (NASDAQ: EXPE) downgraded to Underweight at Morgan Stanley.  Priceline.com (NASDA: PCLN) and Orbitz Worldwide (NYSE: OWW) downgraded to Equal-Weight at Morgan Stanley.  There was an upgrade though, as Credit Suisse raised its Expedia (NASDAQ: EXPE) raised to Outperform from Neutral.
  • US AUTO’s: Ford (NYSE: F) downgraded to Peer Perform from Outperform at Bear Stearns. General Motors (NYSE: GM) downgraded to Underperform at Bear Stearns.

Jon C. Ogg
February 6, 2008

Posted on: February 6, 2008 – 7:35 am in Analyst Calls, , , , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (ABK, MBI, SCA, BBBY, BAM, DHT, GFIG, PHG, PCLN, RIMM, SPLS, WWY)

These are not the only analyst calls out there, but these are the top calls that 247WallSt.com is focusing on today:

  • Ambac (ABK), M B I A Inc. (MBI), and Security Capital Assurance (SCA) were downgraded to Neutral from Buy at Banc of America (that was real timely).
  • Bed Bath & Beyond (BBBY) raised to Buy from Neutral at UBS.
  • Brookfield Asset Management (BAM) raised to Outperform from Neutral at Credit Suisse.
  • Double Hull Tankers (DHT) raised to Buy from Hold at Citigroup.
  • GFI Group (GFIG) raised to Buy at Goldman Sachs.
  • Philps Electronics (PHG) downgraded to Underweight from Overweight at Lehman.
  • Priceline.com (PCLN) raised to Buy from Hold at Citigroup.
  • Research in Motion (RIMM) raised to Outperform at Oppenheimer.
  • Staples (SPLS) raised to Buy from Neutral at UBS.
  • Wrigley (WWY) raised to Overweight from Neutral at JPMorgan.

Jon C. Ogg
January 18, 2008

Posted on: January 18, 2008 – 7:41 am in Analyst Calls, , , , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (AMD, LSI, NSM, AMZN, BHI, BDX, HUM, IACI, INTC, TXN, PCLN, SBUX, UNH)

These are not at all the only impact analyst calls kicking off the new year, but these are the calls we are focusing on this morning at 247WallSt.com:

  • Advanced Micro Systems (AMD), LSI (LSI), and National Semiconductor (NSM) all downgraded to Sell from Neutral at Banc of America.
  • Amazon.com (AMZN) raised to Buy from Hold at Citigroup.
  • Baker Hughes (BHI) cut to Neutral at JPMorgan.
  • Becton Dickinson (BDX) raised to Overweight at JPMorgan.
  • Humana (HUM) raised to Outperform at CIBC.
  • IAC/Interactive (IACI) cut to Hold from Buy at Citigroup.
  • Intel (INTC) & Texas Instruments (TXN) cut to Neutral from Buy at Banc of America.
  • Priceline.com (PCLN) raised to Overweight from Neutral at JPMorgan.
  • Starbucks (SBUX) downgraded to Peer Perform from Outperform at Bear Stearns.
  • United Health (UNH) downgraded to Sector Perform from Peer Perform at CIBC.

Jon C. Ogg
January 2, 2008

Posted on: January 2, 2008 – 7:36 am in Analyst Calls, , , , , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (ABK, AEO, KR, OWW, PCLN, SD, SBUX, TSO, BAC, CFC, JPM, WB, WFC, COF, USB)

These are not the only analyst calls moving stocks today in pre-market trading, but these are the top calls that 247WallSt.com is reviewing this morning:

  • AMBAC Financial (ABK) raised to Outperform from Market Perform at FBR.
  • American Eagle Outfitters (AEO) raised to Outperform at Bear Stearns.
  • Kroger (KR) raised to Outperform from Neutral at Credit Suisse.
  • Orbitz (OWW) raised to Overweight from Equal-Weight at Lehman.
  • Priceline.com (PCLN) cut to Hold at Citigroup.
  • SandRidge Energy (SD) initiated after quiet-period: Banc of America at Buy; Bear Stearns at Peer Perform; J.P.Morgan at Neutral; Lehman Brothers at Overweight; RBC at Outperform.
  • Starbucks (SBUX) downgraded to Sector Perform at RBC.
  • Tesoro (TSO) raised to Buy at Citigroup.
  • Citigroup makes lage downgrades in Financial Stocks: Bank of America (BAC), Countrywide (CFC) First Horizon (FHN), JPMorgan Chase (JPM), MGIC (MTG), PNC Bank (PNC), Wachovia (WB) and Wells Fargo (WFC) ALL CUT TO HOLD; Capital One (COF), Comerica (CMA), M&T Bank (MTB), Radian (RDN), and US Bancorp (USB) ALL DOWNGRADED TO SELL.

Jon C. Ogg
December 17, 2007

Posted on: December 17, 2007 – 8:04 am in Analyst Calls, , , , , , , , , , , , , , ,