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Continue reading Cramer on BloggingStocks: This frustrating new market

Cramer on BloggingStocks: This frustrating new market originally appeared on BloggingStocks on Tue, 17 Nov 2009 09:00:00 EST. Please see our terms for use of feeds.

Continue reading Coach's shares are headed north

Coach's shares are headed north originally appeared on BloggingStocks on Fri, 30 Oct 2009 16:20:00 EST. Please see our terms for use of feeds.

Continue reading Coach: Accessible luxury, accessible profits

Coach: Accessible luxury, accessible profits originally appeared on BloggingStocks on Wed, 12 Aug 2009 15:20:00 EST. Please see our terms for use of feeds.

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

• Alcatel-Lucent (NYSE: ALU) reported a surprise profit but is expected to return to losses next quarter.
• Coach Inc. (NYSE: COH) profit and revenue were in line with expectations, sending shares lower.
• Corning Inc. (NYSE: GLW) posted better-than-expected earnings but other concerns drove down shares.
• eHealth Inc. (NASDAQ: EHTH) reported solid Q2 numbers but Wall Street was not impressed.
• Goodyear Tire & Rubber Co. (NYSE: GT) posted a smaller-than-expected Q2 loss, sending shares higher.
• JAKKS Pacific Inc. (NASDAQ: JAKK) reported swinging to a Q2 net loss and revenues were flat.

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

Earnings highlights: Coach, Corning, Goodyear, Visa, Waste Management ... originally appeared on BloggingStocks on Sat, 01 Aug 2009 15:40:00 EST. Please see our terms for use of feeds.

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 ...

Analyst upgrades, downgrades and initiations: AFL, COH, CPB, DOW, MS, TTM ... originally appeared on BloggingStocks on Wed, 29 Jul 2009 11:00:00 EST. Please see our terms for use of feeds.

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

Closing Bell: Profit-taking leaves the markets directionless (BAC, COH, GOOG, USU, VLO, V) originally appeared on BloggingStocks on Tue, 28 Jul 2009 16:10:00 EST. Please see our terms for use of feeds.

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?

Movado beats estimates -- is now the moment to buy? originally appeared on BloggingStocks on Wed, 10 Jun 2009 15:00:00 EST. Please see our terms for use of feeds.

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

• American Express Co. (NYSE: AXP) Q1 profit blew away estimates, sending shares soaring.
• Apple Inc. (NASDAQ: AAPL) topped analysts expectations and offered conservative guidance.
• Boeing Co. (NYSE: BA) reported better-than-expected results but warned that if faced challenges.
• Coach Inc. (NYSE: COH) topped Q3 profit estimates and announced the start of quarterly dividends.
• Continental Airlines Inc. (NYSE: CAL) widened is net loss in Q1 but still beat low Wall Street estimates.

Continue reading Earnings highlights: Apple, Ford, Microsoft, Wells Fargo, Boeing, American Express and more

Earnings highlights: Apple, Ford, Microsoft, Wells Fargo, Boeing, American Express and more originally appeared on BloggingStocks on Sat, 25 Apr 2009 08:40:00 EST. Please see our terms for use of feeds.

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

Coach (COH) rises on Q3 earnings, starts dividend originally appeared on BloggingStocks on Tue, 21 Apr 2009 11:40:00 EST. Please see our terms for use of feeds.

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

Look for Coach's 'accessible luxury' lines to survive the downturn originally appeared on BloggingStocks on Wed, 15 Apr 2009 12:00:00 EST. Please see our terms for use of feeds.

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

Movado posts big loss -- don't waste your time on this stock originally appeared on BloggingStocks on Thu, 09 Apr 2009 15:00:00 EST. Please see our terms for use of feeds.

• HSBC upgraded Royal Bank of Scotland (NYSE: RBS) to Overweight from Neutral as it believes the risk of immediate nationalization has been removed.
  
• JP Morgan upgraded DTS Inc (NASDAQ: DTSI) to Overweight from Neutral to reflect accretion from the Neural acquisition and its expectation the company can generate strong cash flow during the downturn. The firm raised its target to $18.
  
• Cowen upgraded Coach (NYSE: COH) to Outperform from Neutral citing the recent sell-off in shares.
  
• BJ's Wholesale (NYSE: BJ) was upgraded to Buy from Neutral at UBS.
  
• First Horizon (NYSE: FHN) was upgraded to Overweight from Equal Weight at Morgan Stanley.
  
• Spartech (NYSE: SEH) was raised to Hold from Underweight at KeyBanc.

Continue reading Analyst upgrades, downgrades and initiations: RBS, COH, BJ, QCOM, SNDK, MAT, MGM ...

Analyst upgrades, downgrades and initiations: RBS, COH, BJ, QCOM, SNDK, MAT, MGM ... originally appeared on BloggingStocks on Tue, 03 Feb 2009 10:55:00 EST. Please see our terms for use of feeds.

Investors in luxury leather goods maker Coach Inc. (NYSE: COH) saw their shares tumble earlier this week when the company announced that profit fell 14% in its second fiscal quarter.

Coach earned 67 cents per share for the quarter compared to earnings of 69 cents per share in the year-ago quarter, and sales fell 1.8% to $960.3 million. Gross margin narrowed to 72.1% from 75.4% last year.

Like many other companies, Coach did not provide guidance for the balance of the fiscal year, signifying its lack of visibility going forward. But the company did try to assure investors by pointing to its nearly debt-free balance sheet and large cash position. Shares fell by as much as 15% during trading on Wednesday, but rallied to halve that loss later in the day.

In order to "protect our brand identity," CEO Lew Frankfort said the company resisted discounting during the holiday season. It paid a steep price to do so, because other retailers' heavy discounts hurt traffic at Coach's stores and in department stores.

Continue reading Coach no longer first class

Coach no longer first class originally appeared on BloggingStocks on Sat, 24 Jan 2009 13:40:00 EST. Please see our terms for use of feeds.

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

• Air Products and Chemicals Inc. (NYSE: APD) met Q1 profit estimates and lowered its guidance.
• Apple Inc. (NASDAQ: AAPL) stellar Q1 results easily topped analysts' expectations, sending shares higher.
• Coach Inc. (NYSE: COH) unimpressive Q2 results due to holiday sales were in line with expectations.
• General Electric Co. (NYSE: GE) Q4 profits were dragged down finance, consumer divisions.
• Harley-Davidson Inc. (NYSE: HOG) Q4 earnings tumbled on lower demand globally and domestically.
• Johnson & Johnson (NYSE: JNJ) reported better-than-expected Q4 earnings but lower revenue.
• Microsoft Corp. (NASDAQ: MSFT) released its dismal Q2 results early and announced job cuts.
• Potash Corp. of Saskatchewan Inc. (NYSE: POT) Q4 earnings more than doubled on higher prices.
• Seagate Technology (NYSE: STX) fell after posting losses and guidance for more weakness ahead.
• Sony Corp. (NYSE: SNE) warned that it would post its biggest loss ever in full-year 2008.
• State Street Corp. (NYSE: STT) earnings tumbled on charges but still topped analysts' estimates.
• UnitedHealth Group Inc. (NYSE: UNH) Q4 earnings were in line with estimates and it reaffirmed its outlook.
• United Technologies Corp. (NYSE: UTX) modest Q4 earnings growth was in line with expectations.

For more highlights from this week, see eBay, Google, IBM, Southwest, UAL, AMR, Northern Trust and others

Continue reading Earnings highlights: Apple, Microsoft, GE, Johnson & Johnson, Harley Davidson and others

Earnings highlights: Apple, Microsoft, GE, Johnson & Johnson, Harley Davidson and others originally appeared on BloggingStocks on Sat, 24 Jan 2009 09:40:00 EST. Please see our terms for use of feeds.

I'll give ample credit to Coach for meeting expectations. That's not easy to do given its business model, especially since Christmas was not kind to any of the malls across the country. There's not much Coach can do to thrive. The press release talks about keeping innovation strong, and about offering new collections, and about strong growth opportunities over in China. It's all meaningless. That previously cited source speaks of Coach's plans to cut prices and reduce expansion strategies. Coach is simply in defensive mode, it can do precious little to get traffic in its stores because consumers are reticent to spend. Actually, that last point will probably go down as one of the biggest understatements ever offered up in the history of financial commentary.

Continue reading Coach's Q2 earnings prove that retail investing isn't fashionable

Coach's Q2 earnings prove that retail investing isn't fashionable originally appeared on BloggingStocks on Thu, 22 Jan 2009 15:00:00 EST. Please see our terms for use of feeds.

Continue reading Stocks in the news: IBM, BHP, ERIC, AAPL, UTX, F, BCS, C, UL, WMT ...

Stocks in the news: IBM, BHP, ERIC, AAPL, UTX, F, BCS, C, UL, WMT ... originally appeared on BloggingStocks on Wed, 21 Jan 2009 08:21:00 EST. Please see our terms for use of feeds.

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

• Apollo Group Inc. (NYSE: APOL) posted its third straight quarter of growth as enrollment soared.
• Caterpillar Inc. (NYSE: CAT) earnings prospects will pick up after the first quarter, predicts Jim Cramer.
• Coach Inc. (NYSE: COH) lowered its guidance due to slower traffic and sales during the holiday season.
• EMC Corp. (NYSE: EMC) reaffirmed its revenue and earnings guidance and announced job cuts.
• Google Inc. (NASDAQ: GOOG) was upgraded as Wall Street's Q4 and full-year estimates came down.
• KB Home (NYSE: KBH) failed to narrow its loss as much as expected but beat revenue estimates.
• Logitech International (NASDAQ: LOGI) withdrew its guidance and said it was cutting its global workforce.
• Mosaic Co. (NYSE: MOS) posted strong Q2 results that easily beat earnings expectations (is it a buy?).
• Navistar International Corp. (NYSE: NAV) 2009 outlook fell short of estimates but it predicted 2010 growth.
• Premier Exhibitions Inc. (NASDAQ: PRXI) worse-than-expected Q3 numbers resulted in an downgrade.
• Satyam Computer Sciences Ltd. (NYSE: SAY) admited that it had been inflating earnings for years.
• Super Micro Computer Inc. (NASDAQ: SMCI) was downgraded after preliminary results missed estimates.
• Time Warner Inc. (NYSE: TWX) now expects a loss in 2008 rather than the profit in its previous guidance.
• WD-40 Co. (NASDAQ: WDFC) topped Q1 expectations but also lowered its guidance, sending shares lower.

For more earnings highlights, see Intel, Walmart, Chevron, Family Dollar, Monsanto and others

Upcoming earnings releases include Alcoa Inc. (NYSE: AA), Infosys (NASDAQ: INFY), Linear Technologies (NASDAQ: LLTC) , Xilinx (NASDAQ: XLNX), Genentech (NYSE: DNA), Intel (NASDAQ: INTC), Marshall & Ilsley (NYSE: MI), Sealy (NYSE: ZZ), Johnson Controls (NYSE: JCI).

Visit AOL Money & Finance for more earnings coverage.

Earnings highlights: Time Warner, Satyam, Google, KB Home, Mosaic and others originally appeared on BloggingStocks on Sat, 10 Jan 2009 09:40:00 EST. Please see our terms for use of feeds.

Closing Bell: Unemployment figures come in worse than expected originally appeared on BloggingStocks on Fri, 09 Jan 2009 16:05:00 EST. Please see our terms for use of feeds.

Continue reading Stocks in the news: CVX, YHOO, KBH, BBY, COH, SBL, HAL, PALM ...

Stocks in the news: CVX, YHOO, KBH, BBY, COH, SBL, HAL, PALM ... originally appeared on BloggingStocks on Fri, 09 Jan 2009 08:25:00 EST. Please see our terms for use of feeds.

If you made a bet on the specialty retailers leading up to the first $600 taxpayer rebate stimulus package, you got hammered.

Talk about a government plan backfiring big time.

That $300 billion in checks that fell out of the sky from government helicopters back in the March to May timeframe didn't find its way to the malls at all.

Instead, people paid down credit card debt, and tuition, medical and other bills, leaving little for spending on non-essentials.

The result was a litany of store closings nationwide, with several old-line, brand-name retailers going out of business.

It's game over for names like Circuit City (OTC: CCTYQ), Cache (NASDAQ: CACH), Talbots (NYSE: TLB), J. Jill, Wickes Furniture, Levitz, Bombay, Linens 'n Things, Movie Gallery, Wilson Leather, KB Toys and The Sharper Image.

Traders that leveraged into darling names, like hedge fund idol Eddie Lampert's Sears Holdings Corp. (NASDAQ: SHLD), got smoked. Shares of SHLD were trading at $105 when the checks when out. Today the stock is around $40.

Even Costco (NASDAQ: COST) -- the obvious slam dunk, aside from Wal-Mart (NYSE: WMT) -- got slammed, falling from $75 to $45 following the so-called stimulus package.

Continue reading 2008 Trades Gone Bad #1: Going long the specialty retailers

2008 Trades Gone Bad #1: Going long the specialty retailers originally appeared on BloggingStocks on Mon, 22 Dec 2008 14:00:00 EST. Please see our terms for use of feeds.