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Wolverine Worldwide Announces New Member of Its Board of Directors
Thursday, July 14, 2011 - 3:15pm | 192Wolverine Worldwide (NYSE: WWW) is pleased to announce the appointment of Nicholas T. Long to the Company's Board of Directors. Long, age 52, is the Chief Executive Officer of MillerCoors, a leading beverage company that is a joint venture between SABMiller and Molson Coors. MillerCoors is the...
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Kenny Powers Makes A Comeback
Wednesday, July 13, 2011 - 2:03pm | 358K-Swiss Inc. (NASDAQ: KSWS) shares are up more than 4% today, as the company has brought back its most famous spokesman, someone who isn't even real. Kenny Powers is a fictional character on HBO's show "Eastbound & Down" and has been one of the more popular characters in TV history because of...
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Sterne Agee Has Sell On Skechers USA
Wednesday, July 13, 2011 - 6:43am | 167Sterne Agee has a Sell rating and a $10 price target on shares of Skechers USA Ltd. (NYSE: SKX). In a note to clients, Sterne Agee writes, "We are forecasting 2Q11 EPS of ($0.36) as compared to $0.82 in 2Q10. Fiscal Year Ends Dec We expect revenues to be down 14% as the 2Q10 revenue represented...
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Mad Money Lightning Round: Cramer Likes Atlas Energy
Wednesday, July 13, 2011 - 1:50am | 187On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Atlas Energy (NYSE: ATLS) is a “terrific stock that's undervalued. That company is very attractive." Cramer likes Magna International (NYSE: MGA) and the auto parts business. He added, “I also like Johnson Controls (NYSE: JCI)...
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Brian Sozzi Discusses The "13 Week All Stars"
Tuesday, July 12, 2011 - 9:42am | 267Brian Sozzi of Wall Street Strategies is out with a research report on the "13 Week All Stars," a list which has significantly outperformed the indexes. The list includes Quiksilver (NYSE: ZQK), Bebe (NASDAQ: BEBE), Hot Topic (NASDAQ: HOTT), Steve Madden (NASDAQ: SHOO), Lululemon (...
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Morning Market Losers
Tuesday, July 12, 2011 - 8:54am | 116SunLink Health Systems Inc (AMEX: SSY) dipped 17.28% to $1.58 at 9:52 am. SSY promoted Jesus F. Ruiz to the position of Assistant Vice President and Chief Compliance Officer. Trex Company Inc (NYSE: TREX) fell 16.19% to $20.08. TREX lowered Q2 revenue projections. Wolverine World Wide Inc (NYSE:...
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Major Pre-Market Losers
Tuesday, July 12, 2011 - 8:26am | 107Commerce Bancshares (NASDAQ: CBSH) is trading down nearly 59% after being cut to Underperform by Bank of America-Merrill Lynch. Sourcefire (NASDAQ: FIRE) is trading down over 58% after being cut to Neutral from Buy at UBS. Wolverine World (NYSE: WWW) is trading down over 7.50% despite beating...
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Jefferies Comments On Wolverine World Wide Sales Results
Tuesday, July 12, 2011 - 8:08am | 100According to Jefferies, Wolverine World Wide (NYSE: WWW) posted 48c vs. 46c cons, a 2c beat (+1c tax related). Jefferies said that sales came in slightly above while GM% slightly below. No major surprises, but the absence of a stronger beat and raise (mgmt reaffirming FY guidance) is, in our...
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UPDATE: Wolverine Reports Upbeat Q2 Results
Tuesday, July 12, 2011 - 7:36am | 64Wolverine World Wide Inc (NYSE: WWW) reported a 39% rise in its second-quarter profit. Wolverine reported its quarterly profit at $24 million, or $0.48 per share, up from $17.2 million, or $0.35 per share, in the year-ago period. Its revenue came in at $310.1 million. Analysts were expecting a...
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Earnings Scheduled For July 12
Tuesday, July 12, 2011 - 1:50am | 50Wolverine World Wide Inc (NYSE: WWW) is expected to report its Q2 EPS at $0.46 on revenue of $294.31 million. Fastenal Company (NASDAQ: FAST) is projected to report its Q2 EPS at $0.30 on revenue of $688.58 million.
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Is It Time To Short The Consumer Discretionary Sector?
Friday, July 8, 2011 - 2:35pm | 456Friday's jobs report was terrible, and does not show signs of improving in the short term. We are, by all accounts, forming a permanent underclass of unemployed workers whose jobs have vanished and may never come back. With a more liberal government, the country might be able to stand up and...
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Stocks to Watch for 07/8/11: Fresh 52 Week Highs and Lows
Thursday, July 7, 2011 - 11:59pm | 2553Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Thursday's trading session (listed from highest total volume to lowest): 1) Shares of Level 3 Communications hit...
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Top 4 Small-Cap Stocks In The Textile-Apparel Footwear & Accessories Industry With The Lowest PEG Ratio
Wednesday, July 6, 2011 - 2:32am | 122Below are the top small-cap textile-apparel footwear & accessories stocks on the NYSE and the NASDAQ in terms of PEG ratio Exceed Company Ltd (NASDAQ: EDS) has a PEG ratio of 0.55. EDS' trailing-twelve-month ROE is 26.51%. Rocky Brands Inc (NASDAQ: RCKY) has a PEG ratio of 0.77. RCKY's...
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4 Signs that the U.S. Economy Is Set for a Strong Second Half of 2011
Friday, July 1, 2011 - 11:39am | 815Moving into the latter half of 2011, you might be surprised to learn that the Dow Jones is still performing well, and many analysts anticipate continued U.S. economic growth. Fears of a double dip recession are waning, and some economists have forecasted that the last six months of 2011 will be...
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Goldman Sachs Discusses Retail Sector
Friday, July 1, 2011 - 6:37am | 97Goldman Sachs is out with a research report on the retail sector, including Under Armour (NYSE: UA) and Nike (NYSE: NKE). In a note to clients, Goldman Sachs writes, "- Buying company-specific, significant earnings driver in the form of: (a) major store/global expansion, a group that includes...