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Third quarter earnings preview for Tiffany

tiffany TIF third quarter earnings previewBefore tomorrow's open, jewelry retailer Tiffany & Co. (TIF) will be reporting its third quarter results. Analysts are expecting to see the company show earnings of 23 cents per share.

For the same period last year the company had earnings of 35 cents.

Continue reading Third quarter earnings preview for Tiffany

Nuance Communications (NUAN) Q4 earnings beat estimates

NUAN logoNuance Communications (NUAN - option chain) shares are rising today after the company reported earnings last night, posting a fourth-quarter profit of $6.3 million, or 2 cents per share. Excluding one-time items, NUAN earned 32 cents per share on revenue of $275 million, beating analysts' forecasts of 29 cents per share on revenue of $272 million. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on NUAN.

NUAN opened this morning at $14.15. So far today the stock has hit a low of $14.00 and a high of $14.87. As of 11:55, NUAN is trading at $14.75 up 1.00 (7.3%). The chart for NUAN looks bearish.

Continue reading Nuance Communications (NUAN) Q4 earnings beat estimates

Nokia (NOK) lifted by US release of N900

NOK logoNokia (NOK - option chain) shares are rising today after the company announced that its Nokia N900 is now on sale in the United States. The phone retails for $649. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on NOK.

NOK opened this morning at $13.95. So far today the stock has hit a low of $13.85 and a high of $14.04. As of 11:45, NOK is trading at $13.95 up 27 cents(2.0%). The chart for NOK looks neutral and S&P gives NOK a neutral 3 STARS (out of 5) hold ranking.

Continue reading Nokia (NOK) lifted by US release of N900

Under the radar: Bidding wars resume for New York City housing

Under the radar: Some trends are obvious enough and visible to all investors. Others are more-subtle, but are just as potent, and these often slip 'under the radar.'

Case in point:
It's a hopeful sign, albeit one that will need to be confirmed by many more data points: bidding wars for residential real estate in New York City have returned, The New York Times reported.

Continue reading Under the radar: Bidding wars resume for New York City housing

Insider buying lifts Barnes & Noble (BKS)

BKS logoBarnes & Noble (BKS - option chain) shares have been moving sharply higher for the past few days and are continuing that trend today. Company insider and billionaire investor Ronald Burkle reported purchasing more than 4.4 million shares of BKS in the past week alone, valued at $90.2M. When a major holder makes a big purchase like that, it is often a sign of good things to come for that stock, if only because other investors may follow his lead. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on BKS.

BKS opened this morning at $21.00. So far today the stock has hit a low of $20.86 and a high of $21.55. As of 12:30, BKS is trading at $21.43 up 93 cents (4.5%). The chart for BKS looks bearish and S&P gives BKS a negative 2 STARS (out of 5) sell ranking.

Continue reading Insider buying lifts Barnes & Noble (BKS)

Sprint Nextel scores upgrade, pays off $1B loan

Sprint Nextel (S) reported this morning that it paid off an outstanding loan worth $1 billion on its $4.5 billion revolving credit facility. As a result, the wireless company no longer has an outstanding balance on its revolving credit facility. At the end of the third quarter, Sprint had $5.9 billion on hand in cash, cash equivalents, and short-term investments, plus $1.6 billion in borrowing capacity under its revolving bank credit facility.


In other Sprint news this morning, Sprint shares were upped from "neutral" to "outperform" at Credit Suisse. Analyst Jonathan Chaplin set his price target at $6, asserting that the company will benefit from cost cutting, stronger sales of prepaid service, and improved customer retention trends. Sprint's stock settled Friday at $3.10, so Chaplin's price target implies expected upside of nearly 94%.

Continue reading Sprint Nextel scores upgrade, pays off $1B loan

Illinois Tool Works (ITW) hits 52-week high on reaffirmed outlook

ITW logoIllinois Tool Works (ITW - option chain) shares are rising today after the company reaffirmed its fourth-quarter EPS guidance of 54 to 66 cents. ITW also said it expects Q4 revenue growth between -1% and 5%, or roughly $3.64 to $3.86 billion. Analysts are expecting the company to post EPS of 62 cents on $3.68 billion. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on ITW.

ITW opened this morning at $49.70. So far today the stock has hit a low of $49.58 and as of 12:00, the stock is trading right near a new 52-week high at $51.11 up $2.13 (4.3%). The chart for ITW looks neutral and S&P gives ITW a neutral 3 STARS (out of 5) hold ranking.

Continue reading Illinois Tool Works (ITW) hits 52-week high on reaffirmed outlook

Ray of light: Euro-zone GDP increased 0.4% in Q3

Europe, font of western civilization, is growing again. The euro-zone officially entered a recovery with GDP in the 16-nation zone increasing 0.4% in Q3 compared to the previous quarter, Eurostat, the European Union's official statistics agency, announced Friday. Europe's economy had contracted for the five previous quarters.

Meanwhile, growth in the 27-nation E.U. (EU27), which includes nations that aren't members of the euro monetary system, increased 0.2% in Q3.

Continue reading Ray of light: Euro-zone GDP increased 0.4% in Q3

Microsemi (MSCC) Q4 earnings beat estimates before charges

MSCC logoMicrosemi (MSCC - option chain) shares are rising today after the company reported earnings last night, posting a fourth-quarter loss of $31.26 million, or 39 cents per share. Excluding one-time items, MSCC earned 24 cents per share on revenue of $109.68 million, beating analysts' forecasts of 23 cents per share on revenue of $109.44 million. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on MSCC.

MSCC opened this morning at $15.22. So far today the stock has hit a low of $15.21 and a high of $15.94. As of 11:55, MSCC is trading at $15.78 up $1.39 (9.7%). The chart for MSCC looks neutral and S&P gives MSCC a neutral 3 STARS (out of 5) hold ranking.

Continue reading Microsemi (MSCC) Q4 earnings beat estimates before charges

Applied Materials (AMAT) tops analyst estimates

Applied Materials Q4 EarningsSemiconductor maker Applied Materials (AMAT) reported its fiscal fourth quarter numbers this afternoon following the market close, and the company easily outpaced analyst estimates.

Going into this afternoon's earnings report, analysts had been expecting to see the company show earnings of 3 cents per share, but the company surprised to the upside by posting actual Q4 earnings of 13 cents.

Continue reading Applied Materials (AMAT) tops analyst estimates

Chasing Value: Ten stocks for 2010 -- Part 1

There are only seven weeks left in the year, so it is time to start thinking about 2010. If you have been keeping up with my 2009 picks (see: Chasing Value: 2009 blazing picks -- Q3 review ) than you would be aware that the group is up 40% through the third quarter.

This year I bought all of my picks so that I would be riding in the same ship as anyone that might have considered my suggestions.

I will be breaking up my potential picks into three categories; contender, on the fence, and out of the running, until I finalize the list in the last week of the year.

Continue reading Chasing Value: Ten stocks for 2010 -- Part 1

Toll Brothers (TOL) announces positive preliminary Q4 results

TOL logoToll Brothers (TOL - option chain) shares are rising today after the company announced preliminary Q4 results last night. TOL said that its fourth-quarter homebuilding revenue dropped 30 percent but its fourth quarter net signed contracts rose 42 percent, well above analysts' forecasts. TOL is expected to report full Q4 earnings on December 3 before the market opens. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on TOL.

TOL opened this morning at $20.14. So far today the stock has hit a low of $20.00 and a high of $21.47. As of 11:40, TOL is trading at $21.13 up $2.74 (14.9%). The chart for TOL looks bullish and S&P gives TOL a positive 5 STARS (out of 5) strong buy ranking.

Continue reading Toll Brothers (TOL) announces positive preliminary Q4 results

Ray of light: U.S. temp worker hiring increased by 34K in October

To say the current economic climate has been "thin on good news" would be an understatement.

But here are two data points that represent definite uppers: first, monthly job losses have declined to about 190,000 -- still large and unacceptable, using any macroeconomic model, but light years away from the 500,000 and 600,000 monthly job losses that characterized the financial crisis' acute stage earlier this year.

Continue reading Ray of light: U.S. temp worker hiring increased by 34K in October

Starbucks reports better than expected fourth quarter earnings

Starbucks Earnings ReportShares of Starbucks (NASDAQ: SBUX) are trading up in after hours trading today after the company posted strong Q4 earnings numbers after the market close.

As we noted in our earnings preview, the company was expected to show earnings for the quarter of 21 cents per share on $2.39 billion in revenues. The actual numbers came in at 24 cents per share with revenues of $2.4 billion.

Continue reading Starbucks reports better than expected fourth quarter earnings

Jobless claims drop during the last week of October

Last week, the number of people filing initial claims for state unemployment dropped by 20,000. As a result, benefits dropped to a seasonally adjusted 512,000. This drop in filings was the first in the past two weeks, and it is the lowest level of initial claims seen since early January.

That said, initial jobless claims have come in atop 500,000 for the past 51 weeks. In addition, the four-week average of claims dropped 3,000 to 523,700. This total is the lowest since the beginning of the year. Expectations called for initial jobless claims to drop to 520,000 last week, so it may be time to sound the rally bell.

Continue reading Jobless claims drop during the last week of October

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Symbol Lookup
IndexesChangePrice
DJIA+30.6910,464.40
NASDAQ+6.872,176.05
S&P 500+4.981,110.63

Last updated: November 25, 2009: 10:09 PM

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