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Sunday, December 02, 2007

Hot Stocks to Watch Monday

Here are 7 stocks for traders for Monday from TradingMarkets.com:
When Isle of Capri (NasdaqGS:ISLE - News) reports earnings on Monday before the market opens, watch for $-$0.04 EPS. ISLE's PowerRating (for Traders) is 5.
Phillips-Van Heusen (NYSE:PVH - News) should report $1.03 EPS on Monday morning. PVH's PowerRating (for Traders) is 3.
Analysts are expecting Sharper Image (NasdaqGM:SHRP - News) to announce -$1.44 EPS in quarterly results on Monday morning. SHRP's PowerRating (for Traders) is 3.
Cost Plus (NasdaqGS:CPWM - News) reports earnings on Monday before the bell, with analysts looking for $0.77 EPS. CPWM does not have a PowerRating (for Traders) due to volume constraints.
Big Lots (NYSE:BIG - News) fell 7% Friday after missing expectations, and cutting Q4 revenue forecasts. BIG's PowerRating (for Traders) is 5.
Dell (NasdaqGS:DELL - News) fell 14% today after missing estimates and a downgrade at Goldman Sachs. DELL's PowerRating (for Traders) is 4.
J. Crew Group (NYSE:JCG - News) rallied 15% after beating earnings expectations. JCG's PowerRating (for Traders) is 3.

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Monday, January 08, 2007

Morning Watch

Stocks might open higher Monday. One hour before the opening bell on Wall Street, stock index futures indicated that the Dow Jones Industrial Average ($INDU) might gain 15 or 20 points in early trading. The NASDAQ ($COMPQ) is expected to open modestly higher as well.
The day’s corporate news is mostly positive. IBM (IBM) will help the Dow in early trading after UBS upgraded the stock to “buy” and said it sees signs that the computer maker’s fundamentals are improving. Apple Computer (AAPL) might be active ahead of this week’s MacWorld Expo, which runs through the 12th. There is talk that the company could unveil a new cell phone or a video download device called iTV.
Wal-mart (WMT) is trading lower after Goldman Sachs cut the rating on the world’s largest retailer to “neutral.” The firm also lowered the price target from $53.00 to $51.00 a share and cut its EPS forecast for 2007 and 2008. Earnings will also come into focus this week as Alcoa (AA) officially kicks off the fourth quarter reporting season. The aluminum company and Dow component is due to report profits after the close of trading Tuesday.
A few deals were announced. General Electric (GE) is paying $1.9 billion for Vetco Gray, a supplier of drilling and production equipment. Forest Oil (FST) announced plans to acquire Houston Exploration (THX) for $1.5 billion in cash and stock. Advanced Medical Optics (EYE) is taking out IntraLase (ISLE) for $25.00 in an all-cash deal.The economic calendar is light today and tomorrow, with a lone report on consumer credit due out later this afternoon. Fed Vice Chairman Donald Kohn discusses the economic outlook in a speech scheduled for 12:45 Eastern time.
Meanwhile, some of the commodities are bouncing back following last week’s rout. After falling $4.75 a barrel last week, crude oil is up 87 to $57.18 amid talk of OPEC production cuts. Gold, which was hammered for a $30.00 lost last week, is trading up $2.80 to $610.00 an ounce. Overall, the day’s stock news is mostly positive and enough to help the Dow recover some of the 82.68-point loss suffered on Friday. However, expectations for fourth quarter earnings have come down significantly lately and analysts now expect S&P 500 companies to report year over year earnings growth of 9% for the fourth quarter, which is well below the 22% seen in the third quarter. As a result, trading might be somewhat cautious heading into the earnings-reporting season, which officially kicks off tomorrow.
Frederic Ruffy

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Thursday, December 21, 2006

Donald Trump's Unhappy Philadelphia Story

Donald Trump
Donald Trump had a rough day on Dec. 20. First news hit that the flamboyant chairman of Trump Entertainment Resorts (TRMP) lost out on a bid to build a casino in Pennsylvania. Then investors punished the casino hotel operator's stock. The Pennsylvania Gaming Control Board on Dec. 20 awarded five licenses for operating slot-machine facilities. HSP Gaming, LP can build its SugarHouse Casino along the Delaware River. Philadelphia Entertainment's Foxwoods Casino Philadelphia will be located in South Philadelphia. Majestic Star can operate The PITG Gaming Casino in Pittsburgh. The Mount Airy Casino can be at Paradise Township in the Poconos. And Las Vegas Sands (LVS) now has the right to liven up the former Bethlehem Steel plant in the City of Bethlehem with its The Sands Bethworks Casino. Tad Decker, Chairman of the Gaming Control Board, describes it all as for the greater good of Pennsylvania. "Creating a new industry is a complex and arduous journey, but I can now stand with my fellow Board members and announce to the citizens of Pennsylvania that they are a step closer to significant property tax relief, additional jobs, and a reinvigorated horse-racing industry," he said in a press release Dec. 20. But the Keystone State will have to transform itself into a gambling haven without The Donald. His Atlantic City company's shares sank 13.2% in value to $19.80 per share in late trading on the Nasdaq. Trump Entertainment Resorts' stock price fell faster than other casino companies locked out of the Pennsylvania contest on Dec. 20, such as the Isle of Capri Casinos (ISLE), which shed 6.5% of its value to trade at $26.82 per share on the Nasdaq. Pinnacle Entertainment Inc. (PNK) gave up 2.5% to $34.64 per share on the New York Stock Exchange. Meanwhile Las Vegas Sands' stock held its value at $91.24 per share. Trump Entertainment Resorts' CEO James B. Perry said he was "disappointed" in a press release Dec. 20. But Perry didn't give up hope for his company's business elsewhere. "We continue to pursue opportunities to introduce the Trump brand to other gaming markets both nationally and internationally, and we are very pleased with the ongoing expansion and renovation of our Atlantic City resorts," Perry added. For example, the company is building things like a new hotel tower and pit for the table game Baccarat at the casino the Taj Mahal. It's also renovating the transportation center at Trump Plaza and putting in new restaurants at Trump Marina, among other things.
Published by BusinessWeek.com

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