Key Stocks To Watch The Week Ahead, The Unusual Suspects (AMD, BKU, BAMM, BPI, CA, CLH, DWA, ERTS, ETFC, F, GLD, SLV, LNKD, Z, P, LULU, NWS, WFT)
24/7 Wall St. usually looks for the companies with upcoming events in the week ahead. During earnings season, we generally feature companies only with non-earnings events. This is our list of “The Unusual Suspects” for the week ahead and we have outlined the events for the following companies: Advanced Micro Devices, Inc. (NYSE: AMD); BankUnited, Inc. (NYSE: BKU); Books-A-Million Inc. (NASDAQ: BAMM); Bridgepoint Education, Inc. (NYSE: BPI); CA Inc. (NASDAQ: CA); Clean Harbors, Inc. (NYSE: CLH); DreamWorks Animation SKG Inc. (NASDAQ: DWA); Electronic Arts Inc. (NASDAQ: ERTS); E*TRADE Financial Corporation (NASDAQ: ETFC); Ford Motor Co. (NYSE: F); SPDR Gold Shares (NYSE: GLD); iShares Silver Trust (NYSE: SLV); LinkedIn Corporation (NYSE: LNKD); Zillow, Inc. (NASDAQ: Z); Pandora Media, Inc. (NYSE: P); Lululemon Athletica Inc. (NASDAQ: LULU); News Corp. (NYSE: NWS); and Weatherford International Ltd. (NYSE: WFT).
Many events are ongoing and some are carryover events to consider, and we have added color on each if applicable. On a separate note, we did compile what is a detailed preview of the top earnings this coming week as well as the top ten analyst calls of this last week.
Advanced Micro Devices, Inc. (NYSE: AMD) was one of the top gainers on Friday after it reported positive earnings. The 19%+ gain to $7.75 puts it back in the middle of its 52-week trading range of $5.53 to $9.58. The 85+ million shares traded appears to be the biggest one-day share volume back to November of 2009. Forbes is calling for a run to $10 even with its CEO overhang issues.
BankUnited, Inc. (NYSE: BKU) has been public for just about six-months and its IPO lock-up period from insiders and 10% owners is set to end this week. At $25.61, its post-IPO range is $24.88 to $29.90.
Books-A-Million Inc. (NASDAQ: BAMM) may have thin trading volume and may only be worth $53 million in market capitalization, but we believe that this small cap offers a stealthy road to winning from the Borders bankruptcy liquidation. We featured this as the stealth winner, and for some reason the shares were up 10% on Friday ahead of a Bizjournals.com report that the company submitted bids for 30 of the Borders locations.
Bridgepoint Education, Inc. (NYSE: BPI) took it on the chin after the close on Friday with a drop of about 6%. The company filed with the SEC to register the resale of 34,589,220 shares of common stock held by Warburg Pincus Private Equity VIII, L.P. The company has about $1.6 billion in market cap, but at the $30.50 price that comes to a combined share sale of $1.037 billion before the effects of the sell-off. Can you say dilution to the free float?
CA Inc. (NASDAQ: CA) is slated to have an investor meeting this coming Friday. With shares trading around $22.60, let’s just go even deeper on record noting that this one has been dead money for about 7 years or so whether it has a $11.5 billion market cap or not.
Clean Harbors, Inc. (NYSE: CLH) is set to trade ex-split on July 27 to reflect its 2-for-1 split. The stock trades north of $112 and shares hit a high of $114.09 on this last Thursday. This stock is up about 50-fold in the last ten years and it looks like it is the first split for the $3 billion environmental remediation outfit.
DreamWorks Animation SKG Inc. (NASDAQ: DWA) is in discussions over a streaming movie video rights deal with Netflix. The move could open up its distribution even more and at $21.05 it is at the bottom of a 52-week range of $19.76 to $37.74.