Most oil stocks have taken a pounding as WTI crude oil prices slipped from above $50/bbl in late June to under $40/bbl this week. However, Citigroup analyst Scott Gruber reiterated the firm’s bullish thesis on large cap oil services stocks.
Top 10 Valued Stocks To Watch Right Now: Agenus Inc.(AGEN)
Advisors' Opinion:- [By Lisa Levin]
Agenus (NASDAQ: AGEN) rose 22.99% to $3.37 after the company reported positive follow-on Phase 2 results for brain cancer vaccine.
Aeropostale (NYSE: ARO) shares jumped 18.23% to $10.18 after private equity firm Sycamore Partners bought a 7.96% stake in the company.
Top 10 Valued Stocks To Watch Right Now: JinkoSolar Holding Company Limited(JKS)
Advisors' Opinion:- [By Paul Ausick]
It is not often that a secondary stock offering sends a company��s shares higher, but we are seeing that very phenomenon Friday morning. Chinese solar PV maker JinkoSolar Holding Co. Ltd. (NYSE: JKS) and stock image company Shutterstock Inc. (NASDAQ: SSTK) both priced secondary offerings this morning and shares in both companies have risen sharply.
- [By Paul Ausick]
But the real news is the near vertical trajectory in share prices for the two stocks. This could be another manifestation of the market��s hunger for some momentum plays, as we noted earlier this morning the bump to share prices for both JinkoSolar Holding Co. Ltd. (NYSE: JKS) and Shutterstock Inc. (NASDAQ: SSTK), both of which held secondary share sales this morning.
- [By Lisa Levin]
JinkoSolar Holding Co (NYSE: JKS) dropped 9.88% to $16.87 after the company announced the offering of 3,500,000 American Depositary Shares.
Fuwei Films (Holdings) Co (NASDAQ: FFHL) dropped 9.66% to $1.30. Fuwei Films' trailing-twelve-month ROE is -10.85%.
Top 10 Valued Stocks To Watch Right Now: CarMax Inc(KMX)
Advisors' Opinion:- [By Monica Gerson]
Wall Street expects CarMax, Inc (NYSE: KMX) to report its quarterly earnings at $0.71 per share on revenue of $3.68 billion. CarMax shares gained 0.38 percent to $53.50 in after-hours trading.
- [By Rich Bieglmeier]
On Tuesday, September 24, CarMax Inc. (KMX) will release sales and earnings for the second quarter ended August 31, 2013 and will host a conference call for investors at 9:00 a.m. ET.
- [By Monica Gerson]
CarMax, Inc (NYSE: KMX) is projected to report its quarterly earnings at $0.71 per share on revenue of $3.68 billion.
ConAgra Foods Inc (NYSE: CAG) is expected to report its quarterly earnings at $0.59 per share on revenue of $2.86 billion.
- [By Paul R. La Monica]
The two companies he's targeting in this sector are user car dealer CarMax (KMX) and motorcycle king Harley-Davidson (HOG). He said both have been very aggressive.
Top 10 Valued Stocks To Watch Right Now: Finisar Corporation(FNSR)
Advisors' Opinion:- [By Lisa Levin]
Finisar Corporation (NASDAQ: FNSR) shares were also up, gaining 18 percent to $16.70 after the company reported upbeat Q3 earnings.
Equities Trading DOWN
- [By Renu Singh]
Finisar's (FNSR) datacom segment generated $184.4 million in revenue in the last reported quarter. This was a sequential growth of 9.3%. The Ten Gigabit Ethernet or 10GbE modules contributed about 40% to the datacom segment's revenue. As organizations go digital, there are an increasing number of applications that require considerable bandwidth to support the transfer of large data, video, and audio files across networks. Using 10GbE optical links provides sufficient bandwidth to support these bandwidth-intensive applications at a lower cost.
Top 10 Valued Stocks To Watch Right Now: Occidental Petroleum Corporation(OXY)
Advisors' Opinion:- [By Garrett Cook]
Citi notes that presentations from producers (the bank specifically notes Anadarko (NYSE: APC), Occidental Petroleum (NYSE: OXY), and Pioneer Natural Resources (NYSE: PXD)) showed a lack of commitment to enter 2017 hedge programs to lock in the economics for drilling.
- [By Chris Lange]
Occidental Petroleum Corp.��s (NYSE: OXY) short interest increased to 17.60 million shares from the previous reading of 15.53 million. Shares closed most recently at $66.90, in a 52-week range of $58.24 to $78.48.
- [By Michael Flannelly]
Early on Monday, analysts at Deutsche Bank lowered their price target on Occidental Petroleum Corporation (OXY) to reflect a lower-than-expected valuation of an asset that the oil and gas exploration company is trying to sell.
Though the analysts lowered OXY’s price target from $114 to $109, they still maintain a “Buy” rating on the stock. The new price target suggests a 22% upside to the stock’s Friday closing price of $89.49.
Deutsche Bank analyst Paul Sankey said, “Bloomberg Finance LP reports that Oxy is seeking sale of 40% of Mideast operations for around $8bn, which would imply $20bn total value for the unit. However reportedly some suitors are valuing the asset at around $15bn. This is a relatively negative valuation against our previous view that Oxy would be seeking $25+bn for its MENA business. We are cutting our price target to $109/share to reflect this lower implied valuation.”
Occidental Petroleum shares were up 96 cents, or 1.07%, during pre-market trading on Monday. The stock is up 16.81% year-to-date.
- [By Ben Levisohn]
Stocks that made the cut include General Motors (GM), Coca-Cola Company (KO), Occidental Petroleum (OXY), JPMorgan Chase (JPM), and General Electric (GE).
- [By Ben Levisohn]
We have seen several dividend cuts in the recent past, including Anadarko Petroleum cutting its dividend by 81%…and we expect more companies to follow suit. Chesapeake Energy (CHK), ConocoPhillips (COP), Encana,�Marathon Oil and Noble Energy (NBL) are among energy companies that have also cut dividends in the past 12 months, but dividend requirements �� even after several cuts �� will consume ~26% of 2016 estimated cash flow at current dividend rates (15% excluding Occidental Petroleum (OXY)) for the large cap E&Ps we cover. We believe most of the companies with a dividend yield of more than 1.5% should consider cutting the dividend and find the following companies more likely than not to reduce dividends:�Apache (2.5% yield),�Devon Energy (4%),�Encana (1.5%) and�Marathon Oil (2.5%). We believe Canadian Natural Resource (CNQ) (3.0%) is likely to maintain its dividend while Occidental (4.5%) has the financial strength to maintain or even increase the dividend…
Top 10 Valued Stocks To Watch Right Now: ResMed Inc.(RMD)
Advisors' Opinion:- [By STOCKPICKR]
Medical equipment maker ResMed (RMD) is another name that's starting to look "toppy" after a bullish start to the year. RMD has more or less kept pace with the S&P 500 in 2014, climbing just over 11% from January to today -- but shares started forming a long-term triple-top over the summer, and that setup is getting close to completion this fall.
It's worth noting that long-term price setups come with equally long term trading implications when they trigger.
The triple-top that RMD is showing is a fairly rare pattern, but the trigger is pretty perfunctory: if shares break down below support at $48, then sellers are in control, and it's time to unload them. Downside isn't a foregone conclusion in ResMed, but this setup only gets invalidated if shares can close above their prior highs at $54.
Top 10 Valued Stocks To Watch Right Now: Gap, Inc. (The)(GPS)
Advisors' Opinion:- [By Ben Levisohn]
On a day the stock market slipped, shares of Gap (GPS) were on fire following the release of its September same-store sales.
Getty ImagesShares of Gap leaped 15% to $26.25 today, even as the S&P 500 dropped 0.3% to 2,153.74 following today’s U.S. payrolls data.
On the surface Gap’s same-store sales didn’t look like anything to write home about–they dropped 3%. MKM’s Roxanne Meyer explains why they were greeted with such enthusiasm:
Roughly in-line September comps, with a beat at Old Navy and a miss at Gap, but comp metrics encouraging. September comps of -3% were slightly ahead of our -4% and the Street’s -3.5%, as a beat at Old Navy (+4% vs. MKM 1%, Street 0.5%) was offset by a miss at Gap (-10% vs. MKM -8%, Street -5.7%). Banana Republic��s -9% was in-line with MKM/Street estimates…
Adjusting for the DC fire would have resulted in a bigger beat at Old Navy and an in-line result at Gap. The fire at the Fishkill DC was said to impact comps by 3 points overall, including a 5 point impact at Gap, 3 point impact at Banana Republic and 2 point impact at Old Navy; both fashion and basics were impacted. We note that even with the impact of the fire, comp trends improved across divisions; absent the fire, core Gap, while still at a disappointing -5% comp, would have seen an 8 and 9 point improvement on a 2 and 3 stack vs. August, respectively. The DC fire is also expected to haircut 4Q comps, although likely by less, particularly as seasonal fashion won’t be impacted (just basics).
Inflection at Old Navy is driving the better than expected gross margin; if sustainable, it could provide the path to upside. We are encouraged that Old Navy saw sequentially improved comp momentum, even including the impact of the fire, due to strong product acceptance, particularly in women��s where the balance between fashion and basics is now said to be corrected. This is driving a higher AUR as
- [By Shauna O'Brien]
Nomura Securities announced on Monday that it has started coverage on apparel retailer The Gap Inc. (GPS).
The firm has initiated coverage on GPS with a “Neutral” rating and $42 price target. This price target suggests a 4% increase from Friday’s closing price of $40.39.
Analyst Simeon Siegel commented: “With top- and bottom-line resurgence, there is no question this has been the year (and-a-half) to own The Gap (GPS). But interestingly, FY12 total sales were still below FY04 levels, suggesting that through improvedproduct, the new global focus on the top line, and views on an omni-channel perspective on inventory; GPS has room to drive the company to new heights. Valuation keeps us sidelined. We are projecting FY13/FY14 EPS estimates of $2.69/$3.00 versus the Street at $2.77/$3.06. Our $42 target price is based on 14x our FY14 estimate versus the peer group average 14x multiple and the company��s historical average of 14.5x.”
The Gap shares were mostly flat during pre-market trading Monday. The stock is up 30% YTD.
- [By Ben Levisohn]
Shares of Gap (GPS) have jumped nearly 5% today but it’s hard to find anyone who’s excited by its same-store-sales beat (Gap reported that sales at stores existing for at least 13 months had dropped 6%, less bad than the 7.2% drop forecast by analysts). This take from Guggenheim’s Howard Tubin and Paola Duguet is typical:
Christopher Dilts/BloombergOngoing traffic headwinds were likely to blame for the soft results. However, management noted that business improved leading into Memorial Day weekend. We believe the arrival of spring-like weather across several parts of the country likely contributed to the improvement.
We are seeing an improvement in the most recent assortments at Gap and Banana Republic. At Gap, we are seeing a greater use of bright colors and more variety with regard to silhouette. We would call out the double-strap print maxi dress and 戮 sleeve eyelet top as examples. At Banana Republic, we are seeing more key items, commercially friendly prints, and democratic fits. We would highlight the selection of featherweight merino wool knits and capsule of neutral-colored snakeskin printed items as styles that we expect to be popular among shoppers. However, these improvements are not yet broad-based enough to meaningfully improve the comp trend, in our view.
We maintain our ��wait and see�� approach with Gap shares. All three divisions are now posting negative comps despite efforts by management to revamp business. We remain Neutral until we see management��s many initiatives begin to gain traction.
The problem: Waiting for initiatives to “gain traction” is a recipe for missing the move higher in Gap shares. Right now, Gap trades at 9.9 times 12-month earnings forecasts, near its lowest on record. And after gaining 4.6% to $19.17 at 1:41 p.m. today, it’s back at levels last seen in 2012.
None of that means that Gap shares will be a winner. But for investors looking for a s
- [By Lisa Levin]
Analysts at Piper Jaffray upgraded Gap Inc (NYSE: GPS) from Underweight to Neutral.
Gap shares fell 2.33 percent to close at $25.57 on Friday.
- [By WWW.THESTREET.COM]
The sidewalks outside stores like Armani, Dolce & Gabanna, Ralph Lauren (RL) , Gap (GPS) , Prada, Abercrombie & Fitch (AF) , Microsoft (MSFT) and Harry Winston are now lined with metal barricades. The strip commands some of the highest retail rents in the world, with the average annual rent being $3500 per square foot.
- [By Ben Levisohn]
Shares of Gap (GPS) are getting pummeled today after the retailer reported earnings that met analyst forecasts. SunTrust Robinson Humphrey analyst Pamela Quintiliano and team explain what’s not to like:
Getty ImagesGap posted 3Q EPS of $0.60, in line with recent guidance reflecting better than expected gross margin on improved MM (+220bps), slightly offset by operating expense deleverage. Comps at Old Navy improved, but both Gap and Banana Republic remained pressured. While a number of initiatives are underway, we emphasize that these will take time to implement and remain firmly on the sidelines, esp. as Gap has experienced a deceleration of traffic trends QTD. Reiterate Hold and $25 PT (12.3x fwd P/E)…
Shares of Gap have tumbled 14% to $26.46 at 11:45 a.m. today.
Top 10 Valued Stocks To Watch Right Now: Geo Group Inc (The)(GEO)
Advisors' Opinion:- [By Lisa Levin]
Friday afternoon, the industrial shares gained by 0.09 percent. Meanwhile, top gainers in the sector included The GEO Group Inc (NYSE: GEO), and DeVry Education Group Inc (NYSE: DV).
- [By Jon C. Ogg]
Corrections Corporation of America (NYSE: CXW) was trading up 7.8% at $20.97 shortly before Monday’s closing bell. GEO Group Inc. (NYSE: GEO) was up 2.2% at $31.29.
- [By Lisa Levin] Related CXW Trump Or Clinton: Who Would Create More Jobs? The 2016 Economics Nobel Prize Winner's Case Against Private Prisons: Contracts Are The Key Wall Street Breakfast: Trump Takes The White House (Seeking Alpha) Related SAEX 20 Biggest Mid-Day Losers For Friday 22 Stocks Moving In Friday's Pre-Market Session SAExploration wins $35M seismic data deal (Seeking Alpha)
Gainers Corrections Corp Of America (NYSE: CXW) shares rose 16.3 percent to $16.50 in pre-market trading following Donald Trump's victory. SAExploration Holdings, Inc. (NASDAQ: SAEX) shares rose 15.4 percent to $7.26 in pre-market trading after the company reported a new $35 million deep water ocean-bottom marine project award. The GEO Group Inc (NYSE: GEO) shares rose 12.9 percent to $26.95 in pre-market trading following Donald Trump's victory. Cloud Peak Energy Inc. (NYSE: CLD) rose 12.3 percent to $7.40 in pre-market trading after gaining 0.30 percent on Tuesday. Ariad Pharmaceuticals, Inc. (NASDAQ: ARIA) rose 11.7 percent to $10.35 in pre-market trading. Ariad Pharmaceuticals disclosed that its Phase 1/2 trial data on investigational drug brigatinib were published in The Lancet Oncology. AK Steel Holding Corporation (NYSE: AKS) rose 11.2 percent to $6.75 in pre-market trading after gaining 3.23 percent on Tuesday. Pretium Resources Inc (NYSE: PVG) rose 11 percent to $10.50 in pre-market trading after declining 1.66 percent on Tuesday. First Majestic Silver Corp (NYSE: AG) rose 9.3 percent to $8.90 in the pre-market trading session. First Majestic reported Q3 earnings of $0.07 per share on revenue of $79.3 million. Silver futures gained 2.2 percent to $18.77 an ounce. Dicerna Pharmaceuticals Inc (NASDAQ: DRNA) rose 9.2 percent to - [By Jim Robertson]
The same can be said of the for-profit education sector which is being regulated out of existence by Obama while so-called ��private prison�� stocks like Corrections Corp Of America (NYSE: CXW) and The GEO Group Inc (NYSE: GEO) are already down around 7% this week alone just on Hillary��s debate comments about them.
- [By Ben Levisohn]
Yesterday, Corrections Corp of America (CXW) and GEO Group (GEO) lost more than a third of their values after the Department of Justice said it would seek to wind down the use of private prisons. SunTrust Robinson Humphrey’s Tobey Sommer and Kwan Kim call the selloff “overdone.” They explain why:
- [By Ben Levisohn]
Canaccord Genuity’s Ryan Meliker and Michael Kodesch call the selloff in Corrections Corp of America (CXW) and GEO Group (GEO) “overdone.” They explain why:
Top 10 Valued Stocks To Watch Right Now: Coach, Inc.(COH)
Advisors' Opinion:- [By Ben Levisohn]
But in the what-have-you-done-for-me-lately world of the stock market, that was the past, and the present and future, well they don’t look so hot. For the third quarter, the Vera Bradley, which competes against Coach (COH) and Michael Kors (KORS), among others, now expects sales between�$128 million to $130 million, below forecasts for about $147 million, and a profit of 30 cents to 35 cents, below forecasts for a 48-cent profit. In 2014, Vera Bradley expects sales of�$535 million to $540 million, below forecasts for $575, while its earnings should come in between�$1.47 and $1.52, below expectations of $1.72.�And did I mention that its margins are expected to decline too?�
- [By Trey Thoelcke]
In its 75th anniversary year, Coach Inc. (NYSE: COH) has just announced the opening of its newest flagship store, Coach House, on Fifth Avenue in New York City, one of the world��s most prestigious shopping districts.
- [By Ben Levisohn]
Shares of Michael Kors gained 3.7% to $49.62 today, and the funny part is that there was no new news on the apparel & accessories retailer today. Nothing at all. I checked Dow Jones Newswires. I checked Google News. I checked Briefing.com. Nothing. Nada. Zilch. Bloomberg says Jefferies had a positive note, but the analyst tells me he didn’t write one. FactSet says Piper Jaffray wrote a note on Kors, which seems plausible since Piper’s�Erinn Murphy wrote a positive one on�Coach (COH), another maker of handbags and other accessories, today, but I’ve yet to receive confirmation.
Top 10 Valued Stocks To Watch Right Now: ManpowerGroup(MAN)
Advisors' Opinion:- [By James E. Brumley]
It's not a secret that temporary staffing jobs have been the source for most job growth coming out of the 2008 recession. Employers are fearful of making permanent hires, and this has been a real boon for staffing agencies like ManpowerGroup Inc. (NYSE:MAN) and Robert Half International Inc. (NYSE:RHI).
There's a nuance within this growth trend, however, that doesn't exactly play into the hands of Robert Half International and ManpowerGroup. The bulk of the growth in the temporary staffing arena has been driven by, and will continue to be driven by in the foreseeable future, the burgeoning need for IT staffing, and cybersecurity staffing in particular. This nuance actually plays into the hand of a little-known but fast-growing staffing name Staffing 360 Solutions Inc. (NASDAQ:STAF).
The specifics:� In August, TechServe Alliance - an association of IT and engineering staffing companies - reported that the number of IT jobs in the US rose 0.2% in July from June to more than 5.1 million. In hard-numbers terms, that's� growth of only about 10,000 positions.
The rest of the (amazing) story:� Year-over-year basis, IT employment was up 3.5%,� with the addition of 173,900 IT workers between then and now.
It's the kind of growth that has most other industries, and most workers in those industries, salivating.� While those other outfits are swimming on jealousy, Staffing 360 Solutions is working to gain market share.
The definition of a roll-up isn't a hard and fast one, though even the broad brush strokes paint a pretty clear picture. Investopedia defines a� roll-up (also known as a "roll up" or a "rollup") a merger that occurs when investors (often private equity firms) buy up companies in the same market and merge them together. Roll-ups combine multiple small companies into something bigger and better to be able to enjoy economies of scale. Private equity firms use roll-ups to rationalize competition in crowded and/or fragm - [By Matthew Briar]
Look out ManpowerGroup Inc. (NYSE:MAN). And Robert Half International Inc. (NYSE:RHI)... you may want to look over your shoulder as well. There's a new player in town, and this small company is getting real big, real fast, and could be about to take a noticeable bite out of� a certain segment of your business.
That up-and-comer is Staffing 360 Solutions Inc (NASDAQ:STAF). It's only an $11 million company now, whereas Robert Half International is a $4.8 billion outfit and ManpowerGroup sports a market cap of $4.6 billion. Investing is a relative opportunity though, and for current and would-be STAF shareholders, they're holding a much bigger growth opportunity than owners of RHI and MAN are. Today's press release confirms it.
Staffing 360 Solutions is fast-growing staffing firm. Its focal point is IT staffing. This small company is smartly and cost-effectively acquiring its way into a size and scale by converting a fragmented and less-effective (and less profitable) group of similar staffing agencies into a cohesive, more profitable singular unit.
And it's paying off - the proof has been in the rising revenue tally over the course of the past couple of years... a rise that's been outpaced by the broad improvement of EBITDA and income (which is the point of a scale-up).
The acquisitions, however, have made it difficult to determine if Staffing 360 Solutions was only capable of growth via the purchase of other staffing agencies. Though STAF is doing deals cost-effectively and cost-efficiently, at some point it will have to prove it can grow the top line -- and therefore the bottom line -- on its own, or organically. The preliminary first quarter revenue number released this morning verifies that Staffing 360 Solutions can indeed grow on its own. See, on a sequential basis, the top line grew from Q4's $44 million to $47 million in Q1, which ended in August. The last acquisition Staffing 360 Solutions made, however, was completed in N
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