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Earnings Scheduled For September 18, 2014

Courtesy of Benzinga.

Related CAG
Stocks To Watch For September 18, 2014
Earnings Expectations For The Week Of September 15
ConAgra Swings to 4Q Loss on Private Label Weakness (Fox Business)

Related IHS
Apple Inc. Watch Shows 'Innovation Is Back'
Job Index Shows Michigan Leader In Small Business Hiring
Big Money Coming to Driverless Cars (Fox Business)

ConAgra Foods (NYSE: CAG) is expected to report its Q1 earnings at $0.35 per share on revenue of $3.73 billion.

IHS (NYSE: IHS) is estimated to report its Q3 earnings at $1.44 per share on revenue of $556.66 million.

Oracle (NYSE: ORCL) is projected to post its Q1 earnings at $0.64 per share on revenue of $8.78 billion.

Rite Aid (NYSE: RAD) is expected to report its Q2 earnings at $0.06 per share on revenue of $6.48 billion.

Red Hat (NYSE: RHT) is estimated to post its Q2 earnings at $0.38 per share on revenue of $437.13 million.

The Marcus (NYSE: MCS) is projected to report its Q1 earnings at $0.50 per share on revenue of $129.27 million.

TIBCO Software (NASDAQ: TIBX) is expected to post its Q3 earnings at $0.18 per share on revenue of $272.48 million.

Posted-In: Earnings scheduleEarnings News Pre-Market Outlook Markets





Morgan Stanley Remains Positive On Stryker Corporation

Courtesy of Benzinga.

Related SYK
Morgan Stanley Has Critical Questions For Stryker Corporation Going Into Investor Day
Top 4 NYSE Stocks In The Medical Appliances & Equipment Industry With The Highest Revenue

In a report published Thursday, Morgan Stanley analyst David R. Lewis reiterated an Overweight rating and $91.00 price target on Stryker Corporation (NYSE: SYK).

In the report, Morgan Stanley noted, “We approached the analyst day looking for a commitment to leverage and improving M&A returns and left mostly satisfied. There was no commentary on SNN given UK takeover rules, but we remain unconvinced SNN can drive appropriate returns for shareholders at this time.”

Stryker Corporation closed on Wednesday at $83.94.

Latest Ratings for SYK

Date Firm Action From To
Aug 2014 Needham Upgrades Buy
Jul 2014 Citigroup Maintains Neutral
Jul 2014 Barclays Maintains Equal-weight

View More Analyst Ratings for SYK
View the Latest Analyst Ratings

Posted-In: David R. Lewis Morgan StanleyAnalyst Color Reiteration Analyst Ratings





Benzinga's Top Downgrades

Courtesy of Benzinga.

Related BTU
Benzinga's Top #PreMarket Losers
#PreMarket Primer: Thursday, September 18: Scotland Heads To The Polls
Energy Stocks Move Higher as Oil Spikes (Fox Business)

Related SWN
RBC Capital Downgrades Southwestern Energy To Sector Perform
Southwestern Energy Appoints Michael Hancock To Director Of Investor Relations
Energy Stocks Move Higher as Oil Spikes (Fox Business)

Analysts at Goldman Sachs downgraded Peabody Energy (NYSE: BTU) from Neutral to Sell. The target price for Peabody Energy has been lowered from $15 to $13. Peabody Energy’s shares closed at $14.19 yesterday.

RBC Capital downgraded Southwestern Energy Company (NYSE: SWN) from Outperform to Sector Perform. The target price for Southwestern Energy has been lowered from $50 to $45. Southwestern Energy’s shares closed at $37.51 yesterday.

Analysts at Wells Fargo downgraded Pier 1 Imports (NYSE: PIR) from Outperform to Market Perform. Pier 1 Imports’ shares closed at $15.54 yesterday.

Analysts at RBC Capital downgraded Denbury Resources (NYSE: DNR) from Outperform to Sector Perform. The target price for Denbury Resources has been lowered from $20 to $19. Denbury Resources’ shares closed at $16.00 yesterday.

Latest Ratings for BTU

Date Firm Action From To
Sep 2014 Goldman Sachs Downgrades Neutral Sell
Sep 2014 Nomura Downgrades Neutral Reduce
Sep 2014 Citigroup Maintains Buy

View More Analyst Ratings for BTU
View the Latest Analyst Ratings

Posted-In: Top DowngradesDowngrades Analyst Ratings





Wunderlich Securities Sees Innovation Through Penetration For Superior Drilling Products, Inc.

Courtesy of Benzinga.

Related SDPI
Wunderlich Securities Sees Good Things Ahead For Superior Drilling Products
UPDATE: Wunderlich Securities Initiates Coverage On Superior Drilling Products On Stability & Growth Through Innovation

In a report published Thursday, Wunderlich Securities analyst Jason A. Wangler reiterated a Buy rating and $8.00 price target on Superior Drilling Products, Inc. (NYSE: SDPI).

In the report, Wunderlich Securities noted, “Superior Drilling Products (SDPI) is working toward the change of a game that shows the horizontal drilling play hasn’t yet been made efficient. While a disruptive technology, it is also seemingly progress, which, in our view, shows just how early-stage we are in the efficiency of the very efficiencies that many seek. SDPI continues to work toward improving the efficiencies of drilling vertical and horizontal wells, and we believe it’s an investment and idea that can be a driver in the continued efficiencies. As such, we remain bullish on SDPI and its prospects to grow revenues, EBITDA, and EPS nicely.”

Superior Drilling Products, Inc. closed on Wednesday at $7.18.

Latest Ratings for SDPI

Date Firm Action From To
Jun 2014 Roth Capital Initiates Coverage on Buy
Jun 2014 Wunderlich Initiates Coverage on Buy

View More Analyst Ratings for SDPI
View the Latest Analyst Ratings

Posted-In: Jason A. Wangler Wunderlich SecuritiesAnalyst Color Reiteration Analyst Ratings





GMP Securities Initiates Helmerich & Payne With Hold

Courtesy of Benzinga.

Related HP
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Benzinga's Top Upgrades
Energy Stocks Move Higher as Oil Spikes (Fox Business)

Analysts at GMP Securities initiated coverage on Helmerich & Payne (NYSE: HP) with a Hold rating.

The target price for Helmerich & Payne is set to $113.

Helmerich & Payne shares have jumped 49.40% over the past 52 weeks, while the S&P 500 index has surged 15.85% in the same period.

Helmerich & Payne’s shares rose 0.22% to $36.75 in pre-market trading.

Latest Ratings for HP

Date Firm Action From To
Sep 2014 GMP Securities Initiates Coverage on Hold
Sep 2014 KeyBanc Initiates Coverage on Buy
Sep 2014 Argus Research Upgrades

View More Analyst Ratings for HP
View the Latest Analyst Ratings

Posted-In: GMP SecuritiesInitiation Analyst Ratings





JP Morgan Upgrades DuPont To Overweight

Courtesy of Benzinga.

Related DD
Morning Market Movers
UPDATE: DuPont Issues Statement Related to Trian Letter
Making Money With Charles Payne: 08/29/14 (Fox Business)

Analysts at JP Morgan upgraded E.I. du Pont de Nemours and Company (NYSE: DD) from Neutral to Overweight.

The target price for DuPont has been raised from $67 to $75.

DuPont shares have gained 8.92% over the past 52 weeks, while the S&P 500 index has surged 15.85% in the same period.

DuPont’s shares rose 0.42% to $69.54 in after-hours trading.

Latest Ratings for DD

Date Firm Action From To
Sep 2014 JP Morgan Upgrades Neutral Overweight
Jul 2014 JP Morgan Downgrades Overweight Neutral
Jul 2014 Barclays Maintains Equal-weight

View More Analyst Ratings for DD
View the Latest Analyst Ratings

Posted-In: JP MorganUpgrades Analyst Ratings





UPDATE: Darden Issues Release Urging Holders to Vote for Its Board Nominees

Courtesy of Benzinga.

Related DRI
Fast Money Picks For September 17 – Apple Inc., EOG Resources Inc And More
Wunderlich Securities Sees Proxy Contest Heating Up For Darden Restaurants, Inc.
Will Diners Fall for Olive Garden's All-You-Can-Eat Pasta Pass? (Fox Business)

Darden Restaurants, Inc. (NYSE: DRI) today issued the following statement in connection with the Company’s
2014 Annual Meeting of Shareholders:

The experience, insights and objectivity of Darden’s directors have been – and
will continue to be – important drivers to the Company’s ability to enhance
shareholder value, advance its operating priorities and execute the Olive
Garden^® Brand Renaissance.  The composition of our Board, including both its
independence and diversity of talent and experience, is critical to Darden’s
future success.  Given the people facing nature of Darden’s business, we also
believe continuity of knowledge and relationships is important to the
engagement, retention and motivation of Darden’s management team and to the
success of the operating strategies that we are implementing.

Accordingly, we have carefully assembled a new slate of director nominees to
ensure that Darden has the right experience, insights, continuity and
perspectives that are necessary to successfully execute the Company’s
strategies, including the Olive Garden Brand Renaissance, and enhance value
for ALL Darden shareholders. We believe Darden’s new slate provides the
optimal balance of fresh perspectives from four new, highly qualified
independent nominees, continuity of experience and insight from four highly
qualified continuing independent nominees, and four seats to be filled by
Starboard Value L.P. and its affiliates (“Starboard”). The slate includes:

o Four new independent nominees unaffiliated with the Company or Starboard:
Gregory L. Burns, Jeffrey H. Fox, Steve Odland, and Enrique Silva.  These
new independent nominees, all of whom are current or former Chief
Executive Officers with experience driving turnarounds, provide additional
international restaurant, franchise, consumer, real estate and operations
expertise to support the development, oversight and execution of Darden’s
operating and brand initiatives, including the turnaround of Olive Garden
and the Brand Renaissance plan. Unlike Starboard’s nominees,…
continue reading





Under Armor Inc, L Brands Inc Moving In Opposite Directions Following Piper Jaffray Rating Changes

Courtesy of Benzinga.

Related UA
Who Did Morgan Stanley Name 2014 Back-To-School Champion?
What The Ray Rice Video Means For Under Armour Inc.
Can Under Armour's Ads Help It Beat Lululemon? (Fox Business)

Earlier Wednesday morning, Piper Jaffray upgrades shares of Under Armor Inc (NYSE: UA) from Neutral to Overweight and downgraded shares of L Brands Inc (NYSE: LB) from Overweight to Neutral.

Following the rating changes, Under Armor's shares have risen ~0.66 percent, while shares of L Brands have fallen ~0.44 percent.

Looking at Under Armor, analyst Erinn Murphy said the company has potential for "significant market shares gains" and could more than double its market cap.

Latest Ratings for UA

Date Firm Action From To
Sep 2014 Piper Jaffray Upgrades Neutral Overweight
Aug 2014 CRT Capital Initiates Coverage on Fairly Valued
Aug 2014 CRT Capital Initiates Coverage on Fairly Valued

View More Analyst Ratings for UA
View the Latest Analyst Ratings

Posted-In: Erinn Murphy Piper JaffrayAnalyst Color Upgrades Downgrades Price Target Analyst Ratings





Wunderlich Securities Bullish On Vera Bradley, Inc.

Courtesy of Benzinga.

Related VRA
Benzinga's Top Upgrades
#PreMarket Primer: Thursday, September 11: Obama Pledges To Combat ISIS Until Threat Is Eliminated

Analysts at Wunderlich Securities Initiated coverage on Vera Bradley, Inc. (NASDAQ: VRA) with a Buy rating and price target of $27 on Wednesday.

Analysts stated, “we believe that Vera Bradley, with a new management team, aggressive growth strategy, and rapidly evolving shift in product and placement, is on track to once again regain its mantle as a lifestyle-driven growth story centered on distinctive handbag looks.”

Eric Beder outlined the logic behind the Buy rating:

Vera Bradley is a leading distributor of handbags and accessories, operating 89 full price and 20 outlet stores in the United States.

New management team brings innovative ideas and different business strategy to the company. CEO Robert Wallstrom delivers extensive retail experience and has assembled a team of consumer leaders.

Analysts expect fiscal year 2016 to bring major change. Management plans to shift product mix and the way employees interact with customers. Beder stated, “the recent expansion into leather handbag offerings and more fashion-driven items should drive even higher sales and returns for the company.”

Shares of Vera Bradley closed Tuesday at $23.27.

Latest Ratings for VRA

Date Firm Action From To
Sep 2014 Wunderlich Initiates Coverage on Buy
Sep 2014 Baird Upgrades Neutral Outperform
Sep 2014 Standpoint Research Reiterates

View More Analyst Ratings for VRA
View the Latest Analyst Ratings

Posted-In: Eric Beder Wunderlich SecuritiesAnalyst Color Price Target Initiation Analyst Ratings





UPDATE: Morgan Stanley Reiterates On Sonic Corporation As FY15 Guidance Is Muted

Courtesy of Benzinga.

Related SONC
Wunderlich Securities Sets Upbeat FY15 Outlook For Sonic Corporation
Morgan Stanley Believes Solid 3Q EPS Bodes Well For Sonic
Some Firms Will Benefit from Falling Corn Prices (Fox Business)

In a report published Wednesday, Morgan Stanley analyst John Glass reiterated an Equal-Weight rating on Sonic Corporation (NASDAQ: SONC), and named a $22.00 price target.

In the report, Morgan Stanley noted, “Sales have stabilized in recent quarters, though still not robust given roughly flat traffic on increase advertising and product innovation. New menu board (POPS) and digital platform should support LSD comps New POS system and supply chain revamp in FY14 should yield 100-200 bps opportunity for store margins over time or 5-10c to LT EPS model. Reversion back to ascending royalty model in FY15 and beyond adds ~8-9c to EPS. Share buybacks add 7-9% to EPS.”

Sonic Corporation closed on Tuesday at $21.55.

Latest Ratings for SONC

Date Firm Action From To
Sep 2014 Morgan Stanley Initiates Coverage on Equal-weight
Jun 2014 UBS Maintains Sell
May 2014 Oppenheimer Upgrades Perform Outperform

View More Analyst Ratings for SONC
View the Latest Analyst Ratings

Posted-In: John Glass Morgan StanleyAnalyst Color Price Target Analyst Ratings





 

Help One Of Our Own PSW Members

"Hello PSW Members –

This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible.  Feel free to contact me directly at jennifersurovy@yahoo.com with any questions.

Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts.  After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.)  Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.

http://www.youcaring.com/medical-fundraiser/help-get-shadowfax-out-from-the-darkness-of-medical-bills-/126743

Thank you for you time!

 
 

Phil's Favorites

Dot Com Bubble 2.0--Lunacy By The Numbers

Dot Com Bubble 2.0—–Lunacy By The Numbers

Courtesy of  

Thanks to the money printing mania of the world’s central bankers, the Wall Street casino has gone global. Accordingly, mindless speculation and momentum chasing have reached new absurdities, as exemplified by the red hot roster of international high flyers below.

The financial data for the top name on the list, Twitter, is all that is required to remind us that once again markets are trading in the nosebleed section of history, rivaling even the madness of March 2000. Currently, Twitter (TWTR) is valued at $31 billion.That’s 18X revenue, but the catch is that the revenue in question is it’s lifetime...



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Market Shadows

Selling PVD

Selling PVD

Administradora de Fondos de Pensiones Provida S.A. (PVD) shares will not be trading on the NY Stock Exchange after today. Tomorrow, shares will be harder to sell. Strangely, I wasn't able to find information on the internet, but Paul just sent me a copy of the email he received from Interactive Brokers.

We're selling PVD out of the Virtual Portfolio today at $87.18. 

More details:

From: Interactive Brokers   dated July 18, 2014

Holders of AFP Provida S.A. American Depository Receipts (ADR) are advised that the Company has elected to terminate the Deposit Agreement effective 2014-09-18.

As of the te...



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Zero Hedge

When It Comes To Net Worth, This Is The Main Difference Between China And The US

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Ever wonder why for the US, it is all about reflating the stock market bubble in order to boost the "wealth effect", if only for a small portion of the population?

Or, for that matter, why in China where the Shanghai Composite has gone absolutely nowhere since the Lehman crash (and certainly isn't up some 200% unlike the liquidity-supercharged S&P 500), it is all about preserving the sanctity of the housing bubble?

Then the following chart should make it all clear.

As we reported earlier today, in the US it is all ab...



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Chart School

3 Things Worth Thinking About (Volume 9)

Courtesy of Doug Short.

Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.

One of Fiedler's Forecasting Rules states:

"Always be precise in your forecasts: Economists state their GDP growth projections to the nearest tenth of a percentage point to prove they have a sense of humor."

The Federal Reserve has certainly proved both points; they have been very precise in their forecasts and have consistently overstated economic strength as shown. For example, in January of 2011, the Fed was predicting GDP growth for 2013 at 4.0%. Actual real GDP (inflation adjusted) was just 2.19% for the year only missing estimates by roughly 50%. The estimate, in 2011, for long run economic growth, was 2.7%, which has now fallen to just 2.2%.

Unfortunately, 2014 is not shaping up very well ...



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All About Trends

Mid-Day Update

Reminder: David is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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Promotions

Last Chance! See The 'Google-Like' Trading Algorithm 'Live' TODAY

Traders and Investors,

RSVP NOW to attend a special presentation TODAY at Noon or 9:00 pm ET, where you’ll see a powerful trading algorithm that’s been tested and proven to return phenomenal results on a consistent basis. 

In fact, it has an 82% win rate…

And had you only traded the conservative alerts recommended by the algorithm since inception, you would have experienced portfolio gains of more than 200%!

Register NOW and secure your virtual seat for one of Today’s LIVE presentations.

When you register for the webinar, you’ll also get instant access to following trading videos:

  • Instant access to FOUR Quick-Start Expectancy...


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Insider Scoop

Morgan Stanley Remains Positive On Stryker Corporation

Courtesy of Benzinga.

Related SYK Morgan Stanley Has Critical Questions For Stryker Corporation Going Into Investor Day Top 4 NYSE Stocks In The Medical Appliances & Equipment Industry With The Highest Revenue

In a report published Thursday, Morgan Stanley analyst David R. Lewis reiterated an Overweight rating and $91.00 price target on Stryker Corporation (NYSE: SYK).

In the report, Morgan Stanley noted,...



http://www.insidercow.com/ more from Insider

Sabrient

Sector Detector: Bulls go down swinging, refusing to give up much ground

Courtesy of Sabrient Systems and Gradient Analytics

Although the stock market displayed weakness last week as I suggested it would, bulls aren’t going down easily. In fact, they’re going down swinging, absorbing most of the blows delivered by hesitant bears. Despite holding up admirably when weakness was both expected and warranted, and although I still see higher highs ahead, I am still not convinced that we have seen the ultimate lows for this pullback. A number of signs point to more weakness ahead.

In this weekly update, I give my view of the current market environment, offer a technical analysis of the S&P 500 chart, review our weekly fundamentals-based SectorCast rankings of the ten U.S. business sectors, and then offer up some actionable trading ideas, including a sector rotation strategy using ETFs and an enhanced version using top-r...



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OpTrader

Swing trading portfolio - week of September 15th, 2014

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Stock World Weekly

Stock World Weekly

Newsletter writers are available to chat with Members regarding topics presented in SWW, comments are found below each post.

Here's the latest Stock World Weekly. Enjoy!

[Sign in with your PSW user name and password, or take a free trial here.]

Image courtesy of Business Insider, Jay Yarow's This Is The Best Description Of How Apple's Business Works Right Now.

 

...

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Option Review

Big Prints In VIX Calls

The CBOE Vix Index is in positive territory on Friday morning as shares in the S&P 500 Index move slightly lower. Currently the VIX is up roughly 2.75% on the session at 13.16 as of 11:35 am ET. Earlier in the session big prints in October expiry call options caught our attention as one large options market participants appears to have purchased roughly 106,000 of the Oct 22.0 strike calls for a premium of around $0.45 each. The VIX has not topped 22.0 since the end of 2012, but it would not take such a dramatic move in the spot index in order to lift premium on the contracts. The far out-of-the-money calls would likely increase in value in the event that S&P500 Index stocks slip in the near term. The VIX traded up to a 52-week high of 21.48 back in February. Next week’s release of the FOMC meeting minutes f...



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Digital Currencies

Making Sense of Bitcoin

Making Sense of Bitcoin

By James Black at International Man

Despite the various opinions on Bitcoin, there is no question as to its ultimate value: its ability to bypass government restrictions, including economic embargoes and capital controls, to transmit quasi-anonymous money to anyone anywhere.

Opinions differ as to what constitutes "money."

The English word "money" derives from the Latin word "moneta," which means to "mint." Historically, "money" was minted in the form of precious metals, most notably gold and silver. Minted metal was considered "money" because it possessed luster, was scarce, and had perceive...



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Pharmboy

Biotechs & Bubbles

Reminder: Pharmboy is available to chat with Members, comments are found below each post.

Well PSW Subscribers....I am still here, barely.  From my last post a few months ago to now, nothing has changed much, but there are a few bargins out there that as investors, should be put on the watch list (again) and if so desired....buy a small amount.

First, the media is on a tear against biotechs/pharma, ripping companies for their drug prices.  Gilead's HepC drug, Sovaldi, is priced at $84K for the 12-week treatment.  Pundits were screaming bloody murder that it was a total rip off, but when one investigates the other drugs out there, and the consequences of not taking Sovaldi vs. another drug combinations, then things become clearer.  For instance, Olysio (JNJ) is about $66,000 for a 12-week treatment, but is approved for fewer types of patients AND...



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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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