Posts for Ticker ‘TRAD’

Niche Trading Firm Mergers Not Dead (AMTD, SWIM, OXPS, TRAD)

Money_stack_picIt seems that the appetite for online brokerage firms to do selective M&A deals is not entirely dead.  TD Ameritrade (NASDAQ: AMTD) has announced this morning that it is acquiring much smaller thinkorswim Group Inc. (NASDAQ: SWIM).  It is paying a hefty premium of $606 million for the company, but you also have to consider what the larger firm is getting for the acquisition.

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Posted on: January 8, 2009 – 9:18 am in Brokerage Firms, Mergers and Buy Outs, , , ,

Goldman Sachs Lowers Financial Estimates (AB, ABLk, BLK, CLMS, CME, BEN, GBL, IVZ, JNS, NITE, LAB, LM, MKTX, NYX, TROW, PZN, NDAQ, TRAD)

Goldman Sachs has lowered estimates on many financial services players this morning:

  • AllianceBernstein (AB) (buy);
  • AMBAC Financial (ABK) (neutral);
  • Blackrock (BLK) (buy);
  • Calamos Asset Mgmt. (CLMS) (neutral);
  • CME Group (CME) (buy);
  • Franklin Resources (BEN) (neutral);
  • Gamco Investors (GBL) (sell);
  • INVESCO plc (IVZ) (neutral);
  • Janus Capital (JNS) (neutral);
  • Knight Trading (NITE) (buy);
  • Labranche (LAB) (sell);
  • Legg Mason (LM) (neutral);
  • Marketaccess Holdings (MKTX) (neutral);
  • NYSE Euronext (NYX) (neutral);
  • T. Rowe Price (TROW) (neutral);
  • Pzena Investment Mgmt. (PZN) (neutral);
  • The NASDAQ Stock Market (NDAQ) (neutral);
  • TradeStation (TRAD) (neutral)

Jon C. Ogg
January 10, 2008

Posted on: January 10, 2008 – 9:22 am in Analyst Calls, Financial Stocks, , , , , , , , , , , , , , , , , ,

Earnings Gappers (July 25, 2007)

(AMZN) Amazon.com trading up over 20% after beating earnings and raising guidance; has 5 upgrades so far.
(ASH) Ashland $1.35 EPS vs $1.11 estimate.
(BA) Boeing $1.35 EPS vs $1.16 estimate; guidance looks soft if not on items; shares trading up 2% pre-market.
(CACH) Cache $0.12 EPS vs $0.07 estimate.
(CBR) Ciber $0.13 EPS vs $0.12 estimate.
(CL) Colgate-Polmolive $0.84 EPS vs $0.83 estimate.
(ETH) Ethan Allen $0.65 EPS vs $0.65 estimate.
(FLIR) FLIR Systems $0.38 EPS vs $0.36 estimate.
(HES) Hess $1.75 EPS vs $1.45 estimate.
(JOYG) Joy Global issues earnings warning.
(KEM) Kemet $0.12 EPS vs $0.10 estimate.
(MDCO) Medicines Company $0.03 EPS vs $0.02 estimate.
(MPX) Marine Products $0.14 EPS vs $0.12 estimate.
(NTRI) NutriSystem traded down another 10%+ after beating estimates, but lowering guidance.
(PAS) Pepsi Americas $0.60 EPS vs $0.50 estimate.
(PFCB) P.F.Chang’s $0.36 EPS vs $0.36 estimate.
(RAI) Reynolds America $1.10 EPS vs $1.21 estimate.
(SEE) Sealed Air $0.41 EPS vs. $0.42 estimate.
(TRAD) TradeStation $0.18 EPS vs $0.18 estimate.
(TRB) Tribune $0.47 EPS vs $0.48 estimate.
(TROW) T.Rowe Price $0.58 EPS vs $0.58 estimate.
(XEL) Xcel Energy $0.29 EPS vs $0.26 estimate.

Jon C. Ogg
July 25, 2007

Posted on: July 25, 2007 – 7:23 am in Earnings, Pre-Market Activity, , , , , , , , , , , , , , ,

Shorts Up Against Online Brokers (May 2007) (ETFC, AMTD, SCHW, NITE, OXPS, TRAD, IBKR)

Stock Tickers: ETFC, AMTD, SCHW, NITE, OXPS, TRAD, IBKR

The short interest in online brokers is often a guage as to what traders are thinking about the markets because it is one of the directly affected areas by rising or falling trading volume in the overall stock markets.  So if shares in the short interest are rising, then short sellers in these names are either building positions for an impending fall in the markets or a drop in trading volume, or they are just fighting the tape.

Stock (Ticker)                     MAY       APRIL    CHANGE
E*Trade (ETFC)             16.72M    10.96M     52%
TD Ameritrade (AMTD)  21.45M    13.96M     53%
Schwab (SCHW)            20.66M    18.2M       13.5%
Knight Trading (NITE)   10.02M    8.79M        14%
optionsXpress (OXPS)   5.05M       5.4M        -7%
Interactive Brkrs (IBKR)   415K        N/A          N/A
TradeStation (TRAD)      2.05M        2.1M       -2.6%

Jon C. Ogg
May 25, 2007

JOn Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.
 

Posted on: May 25, 2007 – 8:05 am in Brokerage Firms, Internet, Short Interest, , , , , , ,