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Earnings Warnings Foreshadow Less-Robust Earnings Season Ahead (AA, BTU, LIZ, LOCM, YHOO, AMZN, EBAY, XRTX, TGT, BBY, TRID, WMT, AAPL, GOOG, MSPD, CSCO, JNPR, FDO)

Administrator — Fri, 07 Jan 2011 17:09:48 +0000

The next round of earnings officially kicks off next week with Alcoa Inc. (NYSE: AA) first out of the blocks on Monday. We’re taking advantage of the occasion to preview some developments in a number of business sectors. We have seen some warnings and many other quasi-warnings from companies such as Liz Claiborne Inc. (NYSE: LIZ), Local.com Corp. (NASDAQ: LOCM), Peabody Energy (NYSE: BTU), Xyratex Ltd. (NASDAQ: XRTX), Target Corp. (NYSE: TGT), Best Buy Inc. (NYSE: BBY), Trident Microsystems Inc. (NASDAQ: TRID), EMC Corp. (NYSE: EMC), Mindspeed Technologies Inc. (NASDAQ: MSPD), Family Dollar Stores, Inc. (NYSE: FDO) and others. All of these may set the robust expectations a bit softer than the most wildly bullish expectations for earnings season.

Alcoa Inc. (NYSE: AA) has seen its shares climb back out of a deep hole, returning to the high end of their 52-week range of $9.81-$17.60. The company announced last week that it was restarting production at three of its smelters, creating about 260 new jobs. The company expects to boost production by 137,000 metric tons in 2011.

Alcoa’s outlook for 2011 is positive as well, as aluminum on the London Metal Exchange, LME, reached a two-and-a-half-year high on January 4th of $2,485/metric ton. Prices are expected to climb higher as automakers look to increase fuel economy. Reducing a car’s weight will require more aluminum and less steel, and that’s good for the aluminum industry.

The coal mining business, though, is taking a hit from the flooding in Queensland, Australia. Peabody Energy (NYSE: BTU) has said that it expects 2010 EBITDA to be near the middle of its forecast range of $1.7-$1.9 billion. The previous estimate was $1.9 billion. The rains will eventually stop and the mines will re-open. The question remains how long will that take, and will the price for coal continue to rise once the mines re-open. At least one estimate for metallurgical coal has the price rising in the second quarter of 2011 to $250/metric ton, about 20% higher than today’s price. That should be good news for coal miners everywhere, not just in Australia.

Fashion house Liz Claiborne Inc. (NYSE: LIZ) lowered its outlook for the second half of 2010 and the fourth quarter, from an $80 million operating profit to a range of flat to a -$10 million loss. The company blames the weather and very competitive pricing. The weather will change, of course, but the competitive pricing will remain a factor for the apparel business.

Local.com Corp. (NASDAQ: LOCM) reported that it posted an EPS loss of -$0.04 on revenue of $19.9 million, far short of its guidance for revenue of $22-$23 million and EPS of $0.20-$0.21. The company attributed the loss to a reduction in advertising revenue from Yahoo Inc. (NASDAQ: YHOO). Competition for local advertising will heat up even more in 2011, as start-ups like Groupon, Foursquare, and others, like Amazon.com (NASDAQ: AMZN) and Ebay Inc. (NASDAQ: EBAY) compete even harder for local businesses’ advertising dollars.

Filed under: Calendar, Consumer Goods, Earnings, Earnings Warning, Economy, The Week Tagged: AA, AAPL, AMZN, BBY, BTU, CSCO, EBAY, FDO, GOOG, JNPR, LIZ, LOCM, MSPD, TGT, TRID, WMT, XRTX, YHOO

Top Day Trader Alerts (FOLD, BRCD, COF, FITB, SCLN, TRID, WFC)

247wallst — Mon, 05 Oct 2009 13:10:10 +0000

These are this morning’s top day trader alerts and active trader alert stocks for Monday. We have more details on volume and price analysis on each stock covered at VSInvestor.com:

Amicus Therapeutics (NASDAQ: FOLD) is hitting 52-week lows on its type 1 Gaucher disease treatment disappointment.

Brocade Communications Systems, Inc. (NASDAQ: BRCD) is trading up over 13% after the company has reportedly up for sale.

Capital One Financial Corp. (NYSE: COF) and Fifth Third Bancorp (NASDAQ: FITB) are both higher despite Goldman Sachs dropping FITB in favor of COF for its Conviction Buy List.

SciClone Pharmaceuticals, Inc. (NASDAQ:SCLN) is down 7% but not as bad as it could have been after dropping its Phase 2 trial evaluating RP101 for late-stage pancreatic cancer.

Trident Microsystems Inc. (NASDAQ: TRID) is surging on higher guidance and an NXP combination of their digital TV and Set-Top box businesses.

Wells Fargo & Co. (NYSE: WFC) is up over 4% on the Goldman Sachs upgrade.

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

JON C. OGG
October 5, 2009

Posted in After-Hours Activity, Pre-Market Activity, Trading Alert Tagged: BRCD, COF, FITB, FOLD, SCLN, TRID, WFC

52-Week Low Club (AUO, CVI, DIET, ENTR, FDP, GLBL, OIIM, PCCC, SNE, TNC, TRID, ZRAN)

247wallst — Tue, 29 Jul 2008 14:35:00 +0000

Today’s list of stocks is somewhat void of financial stocks, yet many of these you’ll recognize. Here are today’s 52-week lows:

AU Optronics Corp. (NYSE: AUO) stock rose over prior lows but still looking weak after continued weakness.
CVR Energy, Inc. (NYSE: CVI) yet again.
eDiets.com (NASDAQ: DIET) preliminary earnings showing economics win over the need to lose weight and live healthy.
Entropic Communications (NASDAQ: ENTR) downgraded at Piper Jaffray a week ahead of earnings.
Fresh Del Monte Produce Inc. (NYSE: FDP) down 14% after earnings miss.
Global Industries Ltd. (NASDAQ: GLBL)…….. offshore oil & gas on lows?
O2Micro International Ltd. (NASDAQ: OIIM) down another 8%; now down over 2/3 from highs.
PC Connection Inc. (NASDAQ: PCCC) profit fell 12% and sees revenue flat in Q3; direct PC/IT marketing must not work for all.
Sony Corp. (NYSE: SNE) dismal earnings got them to 52-week lows.
Tennant Co. (NYSE: TNC) profit drop, weak guidance.. wow, even in cleaning solutions get weak.
Trident Microsystems Inc. (NASDAQ: TRID) disappointing earnings and at least 2 downgrades; shares down 26% late; now down 80% from highs.
Zoran Corp. (NASDAQ: ZRAN) weak outlook and five downgrades… chips are used in DVD players, home theater systems and other electronics, cited economic weakness and a slowdown in consumer spending. Go figure.

The market may have risen huge today, but that doesn’t mean there aren’t many losers when the economy is still in the tank.

Jon C. Ogg
July 29, 2008

The 52-Week Low Club (GIL)(ENR)(SUN)(TRID)(TUNE)(UNH)

247wallst — Tue, 29 Apr 2008 14:58:30 +0000

Gildan Activewear (GIL) Company cuts guidance. Drops to $23.75 from 52-week high of $46.47.

Energizer (ENR) Profit falls almost 9%. Sells off to $71.25 from 52-week high of $119.60.

Sunoco (SUN) Broker downgrade. Falls to $45.85 from 52-week high of $86.40.

Unitedhealth Group (UNH) Healthcare down as sector. Off to $32.94 from 52-week high of $59.46.

Trident Microsystems (TRID) Poor quarterly outlook. Sells down to $4.18 from 52-week high of $21.80.

Microtune Inc (TUNE) Revenue miss and broker downgrade. Drops to $3.20 from 52-week high of $6.88.

Douglas A. McIntyre

The 52-Week Low Club

247wallst — Fri, 26 Oct 2007 15:01:23 +0000

Bankatlantic (BBX) Real estate loans lead to loss. Falls to $4.05 from 52-week high of $14.

Moneygram (MGI) Two recent analyst downgrades. Drops to $14.42 from 52-week high of $35.18.

Journal Register (JRC) Newspaper stocks still getting pushed down. Drops to $2.23 from 52-week high of $8.60.

Trident Microsystems (TRID) Bad quarter. Shares down to $6.80 from 52-week high of $23.59.

Micrel (MCRL) Wall St. unhappy about earnings. Falls to $8.61 from 52-week high of $13.98.

Douglas A. McIntyre

Trident Microsystems (TRID) Angers The Earnings Spirits

247wallst — Fri, 26 Oct 2007 07:34:46 +0000

Shares in Trident Microsystems (TRID) are off 30% to $8.65 on week earnings.

The provider of digital TV technology for the consumer digital video marketplace, announced for the first fiscal quarter of 2008, ended September 30, 2007, net revenues of $88,174,000, a 24% year-over-year increase from the $71,363,000 reported in the quarter ended September 30, 2006.

Analysts on average had forecast revenue of $90.2 million, according to Reuters Estimates

Net income of $10,059,000 was recorded in the first quarter ended September 30, 2007, on a generally accepted accounting principles ("GAAP") basis, or $0.16 per share on a diluted basis, This compares to net income of $10,513,000 in the quarter ended September 30, 2006, on a GAAP basis, or $0.17 per share on a diluted basis,

Pre-Market Earnings Movers (October 26, 2007)

247wallst — Fri, 26 Oct 2007 07:27:42 +0000

(BEAS) BEA Systems trading down almost 4% ahead of Oracle rejected BEA Systems’ $21 indication.
(CFC) Countrywide -$2.85 EPS vs -$1.28 est., but shares indicated up over 10% on writedowns.
(COLM) Columbia Sportswear indicated down marginally after slightly beating earnings.
(DELL) Dell trading up 2% after strong Microsoft numbers.
(FDRY) Foundry Networks trading up 8% after beating earnings estimates.
(FMD) First Marblehead trading up almost 5% after earnings.
(FO) Fortune Brands $1.35 EPS vs $1.29 est.
(MSFT) Microsoft traded up to over $35 after beating earnings and raising guidance.
(PANC) Panacos trading up 20% on HIV trials meeting endpoints.
(SWIR) Sierra Wireless trading up 12% after beating earnings and raised guidance.
(TRID) Trident Micro trading down almost 30% on earnings outlook and on downgrades.
(VG) Vonage Settled with Verizon.
(VSEA) Varian Semiconductor trading down 14%; earnings were strong but guidance was weak.
(WB) Wachovia was reportedly approached about a merger by Merrill Lynch.

Jon C. Ogg
October 26, 2007

Pre-Market Analyst Calls (October 26, 2007)

247wallst — Fri, 26 Oct 2007 07:09:57 +0000

ABK cut to Mkt Perform at FBR.
ADVNA cut to Mkt Perform at FBR.
BBY started as Mkt Perform at Wachovia.
BEN cut to Mkt PErform at FBR.
BG cut to Neutral at HSBC.
CC started as Mkt Perform at Wachovia.
CPS cut to Equal Weight at Lehman.
ELX cut to Mkt Perform at FBR.
ETEL cut to Mkt Perform at JMP Securities.
EXBD raised to Buy at Deutsche Bank.
FADV cut to Equal Weight at Lehman.
FVE raised to Buy at Jefferies.
GIS raised to Buy at Deutsche Bank.
HES raised to Buy at B of A.
KND raised to Buy at Jefferies.
LVLT cut to Neutral at JPMorgan.
LTM cut to Mkt Perform at Piper Jaffray.
MBI cut to Mkt Perform at FBR.
NILE raised to Hold at Citigroup.
ORCC cut to Sector Perform at CIBC.
PENN cut to Hold at Jefferies.
POWI cut to Hold at Citigroup.
RRI started as outperform at Wachovia.
SE started as Mkt Perform at Wachovia.
STD raised to Buy at Citigroup.
STLD cut to Neutral at UBS.
TRID too 3 downgrades: Jefferies, Deutsche Bank, and Oppenheimer.
TSM raised to Overweight at HSBC.
USU started as Mkt Perform at Wachovia.
WCG raised to Neutral at Goldman Sachs.

Jon C. Ogg
October 26, 2007