This weekend’s edition of The Unusual Suspects is different. While some earnings focus is made, there are several key events coming up that investors and traders alike will want to watch. Don’t forget about Friday’s unemployment figure because that will potentially be the tide that raises or sinks all ships. The cast of characters in this weekend’s Unusual Suspects is rather large and includes Activision Blizzard, Inc. (NASDAQ: ATVI), Take-Two Interactive Software Inc. (NASDAQ: TTWO), Amazon.com Inc. (NASDAQ: AMZN), Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR), Fidelity National Financial Inc. (NYSE: FNF), First American Financial Corp. (NYSE: FAF), Geron Corporation (NASDAQ: GERN), Gymboree Corp. (NASDAQ: GYMB), JPMorgan Chase & Co. (NYSE: JPM), Monsanto Co. (NYSE: MON), National Bank of Greece SA (NYSE: NBG), Netflix Inc. (NASDAQ: NFLX), Shengdatech, Inc. (NASDAQ: SDTH), SIRIUS XM Radio Inc. (NASDAQ: SIRI), Tesla Motors, Inc. (NASDAQ: TSLA), United Continental Holdings, Inc. (NYSE: UAL), United Technologies Corporation (NYSE: UTX), and Waddell & Reed Financial Inc. (NYSE: WDR).
We have compiled the news or events on each company here and we have offered color and handicapping figures on each if applicable for the week ahead or for longer-term developments in each.
Activision Blizzard, Inc. (NASDAQ: ATVI) has been stuck in a dead video game sector but it may have a new catalyst. Rumors abound that its new World of Warcraft “Cataclysm” edition will be out in early December in time for the holidays. Whether this will happen is unknown, but that might add a nice boost to end of year sales if it occurs. For its part, the company is keeping quiet. Speaking of video games, Barron’s called Take-Two Interactive Software Inc. (NASDAQ: TTWO) a ‘bargain in the sagging video game sector’ and at $10.25 its 52-week range is $7.00 to $12.57.
Amazon.com Inc. (NASDAQ: AMZN) could see additional pressure as earnings season gets closer because even after a 2.1% drop to $153.71 Friday, shares are almost 30% since before its last earnings. A pair of analysts voiced concerns on high valuations and a 25% run in the last month. As a reminder, Amazon.com has signaled in its prior quarter that margin issues are present and the competition for the eReader space is tight. The 52-week trading range is $88.27 to $161.78.
Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) is about to enter its second week after disclosing its accounting issues and SEC inquiry, and the damage could have more room to come as the class action suits are starting to come up. Shares closed down again on Friday with a 5.2% drop to $29.57. The stock was just under $30.00 as recently as late-July and the stock was at an adjusted $23+ handle when its 3 for 1 split went into effect in May. With a $19.87 to $37.97 range over the last year, there could still be more weakness as a bear raid continues to gain strength. Jim Cramer also added it to the SELL BLOCK this last week.
Fidelity National Financial Inc. (NYSE: FNF) and First American Financial Corp. (NYSE: FAF) could face continued pressure as reports of bank foreclosure document errors could throw millions of property titles into question. It will increase these firms’ operating costs to review each mortgage title and will bring down more scrutiny on their operations ahead. FNF closed down over 4% Friday at $15.04 versus a 52-week range of $12.60 to $17.00 and FAF closed down 3.1% at $14.48 versus a 52-week range of $11.90 to $19.57. Stewart Information Services Corp. (NYSE: STC), owner of Stewart Title, was only down 1.24% at $11.18.
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