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Stocks To Watch For May 21
Monday, May 21, 2012 - 1:02am | 198Some of the stocks that may grab investor focus today are: Wall Street expects Campbell Soup Co (NYSE: CPB) to post its FQ3 earnings at $0.52 per share on sales of $1.82 billion. CPB shares gained 0.77% to $33.66 in after-hours trading. Shares of Brown Shoe Co Inc (NYSE: BWS) jumped 25.46% on...
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Earnings Expectations for the Week of May 21 (BBY, LOW, DELL, HPQ)
Sunday, May 20, 2012 - 8:34am | 990This earnings season may be starting to wind down, but there are still plenty of quarterly reports on the schedule. This week we will hear from more retailers, including Best Buy (NYSE: BBY), Lowe's (NYSE: LOW) and Tiffany (NYSE: TIF). Tech companies Dell (NASDAQ: DELL) and Hewlett-Packard (NYSE:...
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MBA Mortgage Applications Increase 9.2% from Last Week
Wednesday, May 16, 2012 - 7:38am | 446The MBA Mortgage Applications Survey tracks new home mortgage applications and resembles a current indicator for the U.S. housing market. The Survey increased 1.7% versus the prior week. This is essentially bullish for the U.S. housing market. MBA Mortgage Applications measures the change in the...
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UPDATE: Canaccord Genuity Raises Lumber Liquidators Holdings' PT
Wednesday, May 16, 2012 - 6:33am | 158According to a research report published this morning, Canaccord Genuity has increased Lumber Liquidators' (NYSE: LL) PT from $28 to $35. Canaccord Genuity commented in the report, "We believe LL's new sourcing initiatives will drive gross margin expansion of 370bps from FY11 to FY16. The company...
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Benzinga's Top Pre-Market Losers
Tuesday, May 15, 2012 - 7:19am | 117Avon Products Inc (NYSE: AVP) dipped 14.65% to $17.89 in the pre-market session. Coty Inc withdrew its takeover bid for Avon Products. The Home Depot Inc (NYSE: HD) fell 4.27% to $47.75 in the pre-market trading. HD reported a 27% rise in its fiscal first-quarter earnings. Lowe's Companies Inc (...
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MBA Mortgage Applications Increase1.7% from Last Week
Wednesday, May 9, 2012 - 9:34am | 446The MBA Mortgage Applications Survey tracks new home mortgage applications and resembles a current indicator for the U.S. housing market. The Survey increased 1.7% versus the prior week. This is essentially bullish for the U.S. housing market. MBA Mortgage Applications measures the change in the...
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MBA Mortgage Applications Increase 0.1% from Last Week
Wednesday, May 2, 2012 - 7:50am | 459The MBA Mortgage Applications Survey tracks new home mortgage applications and resembles a current indicator for the U.S. housing market. The Survey increased 0.1% versus the prior week. This is essentially bullish for the U.S. housing market. MBA Mortgage Applications measures the change in the...
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Pending Home Sales Rise More than Expected
Thursday, April 26, 2012 - 9:29am | 457The Pending Home Sales index measures housing contract activity. It is based on signed real estate contracts for existing single-family homes, condos and co-ops. The Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 4.1 percent to 101.4 in March from an...
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UPDATE: Goldman Sachs Raises Lumber Liquidators' PT
Thursday, April 26, 2012 - 7:59am | 117According to a research report published this morning, Goldman Sachs has increased Lumber Liquidators' (NYSE: LL) PT from $25 to $28. In the report, Goldman Sachs said, "We raise estimates sharply to reflect the beat. As we move past disruption from SAP and return to a typical seasonal cadence,...
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New Home Sales Rise More than Expected
Tuesday, April 24, 2012 - 9:12am | 471New Home Sales measures the number of new single-family homes that were sold during the prior month; this report is somewhat strongly correlated to Existing Home Sales. The Survey states that 328 thousand new single-family homes were sold in March. This is better than the 318 thousand expected by...
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UPDATE: Citigroup Maintains Buy Rating, Lowers PT for Swift Transportation
Friday, April 20, 2012 - 10:09am | 91In a company update published earlier today, Citigroup Inc. maintained its Buy rating for Swift Transportation Co. (NYSE: LL), but slightly lowered its price target from $14.50 to $14.00. Citigroup went on to say “Looking forward, expectations regarding Swift, and Truckload in general, have become...
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UPDATE: Goldman Sachs Downgrades Lumber Liquidators to Neutral, Maintains PT
Friday, April 20, 2012 - 9:48am | 133In an action report published earlier today, the Goldman Sachs Group Inc. downgraded the rating for Lumber Liquidators Holdings, Inc. (NYSE: LL) from Buy to Neutral, but maintained its price target of $25. Goldman Sachs explained their reason for the downgrade by saying “The biggest factor is...
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Financial Breakfast: Morning News Summary for April 20, 2012
Friday, April 20, 2012 - 6:28am | 999Friday, April 20, 2012 This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session. Benzinga's Top News German Ifo Business Climate Index and UK Retail Sales Reported better than Estimates General Electric (NYSE: GE) Reports Q1 EPS...
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Benzinga's Top Downgrades
Friday, April 20, 2012 - 6:20am | 121Wunderlich downgraded IberiaBank Corp (NASDAQ: IBKC) from “buy” to “hold.” IBKC's shares closed at $51.43 yesterday. IberiaBank's trailing-twelve-month ROE is 3.84%. Analysts at Deutsche Bank downgraded SanDisk Corp (NASDAQ: SNDK) from “buy” to “hold.” SNDK's shares closed at $40.47 yesterday....
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Lowe's Creates COO Role; Names Damron COO
Thursday, April 19, 2012 - 12:10pm | 64Lowes Companies, Inc. (NYSE: LOW) announced today that Gregory M. Bridgeford, executive vice president of business development, and Rick D. Damron, EVP of store operations, have been promoted to the newly created positions of chief customer officer and chief operating officer, respectively,...