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Earnings Highlights: American Express, Coach, GE, Google, IBM, McDonald's ...

Here are some highlights from this past week's earnings coverage on BloggingStocks:

  • American Express Co. (AXP) doubled its bottom line in Q4 while its provisions for losses fell.
  • Blockbuster Inc. (BBI) warned of weakness in Q4 and lowered its guidance, sending shares lower.
  • Coach Inc. (COH) better-than-expected Q2 earnings were accompanied by sales growth, but shares fell.
  • Comerica Inc. (CMA) posted a smaller-than-expected Q4 loss, sending shares to a 52-week high.
  • CSX Corp. (CSX) posted Q4 earnings that topped estimates but its revenue fell short of expectations.

Continue reading Earnings Highlights: American Express, Coach, GE, Google, IBM, McDonald's ...

Coach: Back Up the Truck

Coach Inc. (COH) is one of those plays that makes you smile, due to its sweet-spot market position, and it goes without saying that I'm reiterating my buy rating for the company's shares, first recommended on April 13, 2009, at a price of $18.22.

If you bought COH in April 2009, you're up an impressive 90%. If you didn't, don't fret: there's more upside ahead with Coach.

Continue reading Coach: Back Up the Truck

Closing Bell: Earnings, Dollar and China Make Bearish Trifecta (WFC, BAC, SIRI, FSLR, CREE, COH)

PPI came in at +0.2% and the core PPI was unchanged. This sounded good, but China put the hex on the market by curbing its overextended businesses by asking lenders to stop making loans for the rest of the month. The dollar went higher on Greek woes again, and both the Greek impact on the US dollar strength and the China news took a bite out of commodity prices.

Here were today's unofficial closing bell levels:

Dow 10,583.73 -141.70 (-1.32%)
S&P 500 1,138.04 -12.19 (-1.06%)
Nasdaq 2,291.25 -29.15 (-1.26%)

Top Analyst Calls
Top Day Trader Alerts

Continue reading Closing Bell: Earnings, Dollar and China Make Bearish Trifecta (WFC, BAC, SIRI, FSLR, CREE, COH)

Coach Sells Off on a Decent Quarter

Coach (COH) is a mystery to me today. I thought the numbers from its latest quarter were pretty good. And yet, the stock sells off. That alone is not so mysterious; heck, it happens all the time. What makes it so strange for me is I've covered so many other retailers that post awful numbers and then go on to see a big bid. Hey, that's the market, right?

Anyway, Coach said total sales increased 11% in the second quarter. North American same-store sales advanced over 3%. Earnings came in at 75 cents per share, 8 cents better than last year's income stat. Earnings.com says Wall Street was looking for 72 cents per share.

Continue reading Coach Sells Off on a Decent Quarter

Cramer on BloggingStocks: This frustrating new market

TheStreet.com's Jim Cramer says there is as extreme an aversion to discipline as he can recall.

If you want to know why it is so frustrating to be buying stocks up here think no further than the Goldman Sachs (GS) (Cramer's Take) push into the high-end retail stocks, a push that, even as flexible and chameleon-like that I am, I find flabbergasting.

All year the trade has been to be buying the recovery stocks, the companies that sell the most expensive goods, and abandon the dollar stocks which peaked last year in the midst of the worst recession since the 1930s. It was plain as day.

Continue reading Cramer on BloggingStocks: This frustrating new market

Coach's shares are headed north

Coach Inc. (NYSE: COH) has a winning 'accessible luxury' formula, which is why I'm Reiterating my Buy rating for company, first recommended on April 13, 2009 at a price of $18.22. If you bought COH in April, you're up an impressive 71%.

Most investors are aware that in the era of the 'frugal consumer' that's driven by stagnant incomes, difficult labor market conditions, and an uncertain economic recovery timetable, the retail sector is best avoided.

Continue reading Coach's shares are headed north

Coach: Accessible luxury, accessible profits

Coach is a retail survivor. If you purchased Coach in April, you're up an enormous 64%. Not bad, for the worst U.S. recession in more than a generation.

I'm Reiterating my Buy rating for Coach (NYSE: COH), first recommended on April 13, 2009 at a price of $18.22.

Continue reading Coach: Accessible luxury, accessible profits

Earnings highlights: Coach, Corning, Goodyear, Visa, Waste Management ...

Here are some highlights from last week's earnings coverage from BloggingStocks:

Continue reading Earnings highlights: Coach, Corning, Goodyear, Visa, Waste Management ...

Analyst upgrades, downgrades and initiations: AFL, COH, CPB, DOW, MS, TTM ...

Analyst upgrades:

  • Baird upgraded WinTrust (NASDAQ: WTFC) to Neutral from Underperform and raised its target to $20 from $13 citing the accretive purchase of AIG (NYSE: AIG) loans and reduced risk of a capital raise.
  • Piper Jaffray upgraded Coach (NYSE: COH) to Overweight from Neutral on expectations product sell-throughs and margin trends will improve in the coming quarters. The firm has a $32 target on the stock.
  • RBC Capital upgraded Campbell Soup (NYSE: CPB) to Sector Perform from Underperform and raised its target to $33 from $29. The firm cites Campbell's recent innovation, easy volume comps, and "reasonable" consensus estimates for its upgrade.
  • Tata Motors (NYSE: TTM) was upgraded to Equal Weight from Underweight at Morgan Stanley.
  • Rockwell Automation (NYSE: ROK) was upgraded to Buy from Neutral at BofA/Merrill.
  • Fifth Third Bancorp (NASDAQ: FITB) was upgraded to Conviction Buy from Buy at Goldman.

Continue reading Analyst upgrades, downgrades and initiations: AFL, COH, CPB, DOW, MS, TTM ...

Closing Bell: Profit-taking leaves the markets directionless (BAC, COH, GOOG, USU, VLO, V)

Today was a dud from the start as profit takers were in there unloading gains as the impatient buyers try to gradually build positions in stocks they feel they have missed. For an earnings season trading day, this was a low-impact day. There was some negative consumer confidence data, but the Case-Shiller data showed signs that home prices are stabilizing.

Here are today's unofficial closing bell levels:

Dow 9,096.42 -12.09 (-0.13%)
S&P 500 979.60 -2.58 (-0.26%)
Nasdaq 1,975.51 +7.62 (0.39%)

Top Upgrades and Downgrades

Continue reading Closing Bell: Profit-taking leaves the markets directionless (BAC, COH, GOOG, USU, VLO, V)

Movado beats estimates -- is now the moment to buy?

Movado (NYSE: MOV) is a watchmaker. It distributes timepieces based on various brands such as Lacoste and Coach (NYSE: COH). And its stock is on the rise today. During early afternoon trading, Movado is up by over 8% on very good volume. As can be expected, an earnings report is behind the excitement.

Now, to be certain, the stats weren't great. Movado is still reeling from the harsh economic times. Sales declined 33% in Q1, and there was a loss per share of $0.37. That compared very unfavorably to a profit of $0.05 per share in the year-ago period. Also, the gross margin slipped significantly.

Continue reading Movado beats estimates -- is now the moment to buy?

Coach (COH) rises on Q3 earnings, starts dividend

COH logoCoach (NYSE: COH - option chain) shares are headed higher today after the company reported a third-quarter adjusted profit of 38 cents per share this morning, above analysts' estimates of 36 cents per share. However, the even bigger news is that the company announced it will begin paying a quarterly dividend of 7.5 cents per share on June 29. That is a pretty bold statement in this environment. 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 COH.

COH opened this morning at $20.18. So far today the stock has hit a low of $20.76 and a high of $21.62. As of 11:20, COH is trading at $20.76, up 2.53 (13.9%). The chart for COH looks bullish and S&P gives COH a positive 5 STARS (out of 5) strong buy ranking.

Continue reading Coach (COH) rises on Q3 earnings, starts dividend

Look for Coach's 'accessible luxury' lines to survive the downturn

In this era of the 'frugal consumer' -- characterized by stagnant median incomes, difficult labor market conditions, and an uncertain economic recovery timetable -- most investors agree the retail sector is best avoid.

But there are exceptions to the rule for investors who can tolerate moderate risk, and Coach (NYSE: COH) is one.

Continue reading Look for Coach's 'accessible luxury' lines to survive the downturn

Movado posts big loss -- don't waste your time on this stock

Movado Group (NYSE: MOV), maker of watches, reported numbers for the fourth quarter. Really bad numbers. Net sales dropped over 32%. For the bottom line, there was a net loss of $0.42 per share on an adjusted basis. In last year's Q4, Movado generated adjusted income of $0.40 per share. That is one hell of a drop. Furthermore, the market wasn't even close to anticipating this ugly performance. According to this source, analysts thought that the company would only bleed about $0.02 per share.

You know, I haven't worn a watch in a long time. Maybe a lot of people are thinking like me, that they don't really need watches since we have so much access to clocks via cell phones and other devices (I don't own a cell phone, but I'm content to simply seek out a clock if I'm out and about). Of course, I'm being a little facetious here. Movado is merely suffering through a bad economy. And it's perhaps in need of some better management. The company sells timepieces based on licensed brands such as Coach (NYSE: COH) and Tommy Hilfiger. Consumers are apparently satisfied with purchasing cheap, non-branded watches. Can't blame them.

Continue reading Movado posts big loss -- don't waste your time on this stock

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DJIA+124.5510,032.94
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S&P 500+10.771,067.51

Last updated: February 09, 2010: 10:51 AM

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