Positivo e Negativo a NY - Giorgia
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By: Moderatore on Giovedì 09 Gennaio 2003 16:22
Aggiorniamo il commento finanziario americano migliore che abbiamo:
Thursday January 9th
8:10--Cato Corp cut its Q4 EPS guidance.
8:02--King Pharmaceuticals said it is attempting to get approval for one of its drugs.
7:53--Ross Stores raised its Q4 guidance to 74c/sh vs. 72c/sh consensus.
7:52--GM said it will earn $5.00/sh in 2003 vs. $4.82/sh consensus.
7:50--GM said its pension was under-funded by $19.3B at the end of ’02. Said it will raise its charge to $3B from $1B in 2002. Company lowered its pension return rate to 9% from 10%.
7:49--Brown Shoe raised its full-year guidance to $2.35-$2.40 from $2.30-$2.35 previously guided. Consensus is $2.32/sh.
7:48--BJ’s Wholesale cut its Q4 guidance to 69c-71c/sh from 80c-82c/sh previously guided.
7:47--Dollar General warned that Q4 EPS would be below expectations.
7:46--Radware was upgraded to sector outperform from perform at CIBC.
7:45--Compuware warned Q3 EPS would be 6c-7c/sh vs. 9c/sh consensus. Warned that revenues would be $318M-$327M vs. $355M consensus.
7:44--Michael’s Stores was upgraded to buy from neutral at Merrill Lynch.
7:43--Toys R Us is cutting its 2002 forecast to $1.05-$1.10 vs. $1.13/sh consensus. Said holiday same-store sales were -1.0%.
7:42--Eastman Chemical warned that Q4 loss would be 10c-20c/sh vs. +37c/sh consensus.
7:41--AstraZeneca was upgraded to overweight at Morgan Stanley.
7:40--Bank of New York was upgraded to overweight from equal-weight at Lehman.
7:38--Limited Too warned that Q4 EPS would be 72c-74c/sh vs. 87c/sh consensus. Same-store sales fell 10%-11% in Q4.
7:37--Jo-Ann Stores boosted its FY03 profit outlook to $2.15-$2.25 vs. $2.09/sh consensus.
7:36--Payless Shoes warned Q4 EPS would be 10c-20c/sh vs. previous guidance of 28c-48c/sh. Consensus is 43c/sh.
7:35--Tenet Healthcare said the DOJ would file suit against it regarding records dispute.
7:34--Wet Seal warned Q4 EPS would be near break-even vs. 32c/sh consensus.
7:32--Kohl’s warned that Q4 EPS would be below 79c-84c/sh consensus range.
7:32--Best Buy guided Q4 EPS up to $1.05-$1.10 vs. $1.04/sh consensus.
7:31--Target said its Dec same-store sales were below plan.
7:30--Initial jobless claims were -19K to 389K vs. 394K expected. Last week was revised up to 408K from 403K last week.
The data are moving back to the lower levels seen last month. Net change was -14K, which indicates a stronger jobs market. That should be slightly bearish for bonds and slightly bullish for stocks.
7:24--Hans Blix will report to the UN Security council today that the UN has not found much or any WMD in Iraq, but that questions still remain.
7:21--Jo-Ann boosted its FY03 profit outlook.
7:19--Borders Group warned Q4 EPS would be $1.36-$1.41/sh vs. $1.41-$1.45/sh previously guided. Consensus, however, is $1.38/sh.
7:19--Federated Dept. Store affirmed that earnings would be in the lower end of its $1.95-$2.05 guidance range. Said Dec same-store sales were -2.6% vs. -2.8% guided.
7:18--Alcoa was downgraded to sector perform at CIBC.
7:15--Helen of Troy Q3 EPS was 57c/sh vs. 47c/sh consensus. Company boosted full year guidance to $1.40-$1.45 vs. $1.29/sh consensus.
7:14--Abercrombie boosted its Q4 guidance to 86c-88c/sh vs. 80c/sh consensus.
7:05--Best Buy is boosting its outlook. more…
7:05--Stocks are: S&P +1.00, Nasdaq +6.00.
-Euro slightly higher on speculation that China will move reserves into the eurozone. Economic data was weaker - German unemployment was at a 4 1/2 yr high. Large German retailers announced poor sales. Additionally, government said it is reviewing GDP forecasts because high oil prices are a problem.
-SAP AG earnings were better-than-expected and is lending support to US names in overseas trading.
-ECB left overnight rates unchanged at 2.75% but pressure is building to cut rates.
-BOE left overnight rates unchanged at 4.00%.
-Yen down slightly after MOF’s Koruda said the Japanese government is prepared to intervene to support the dollar against the yen.
-Pakistani police arrested 3 al-Qaida operatives.
Positive:
-Foundry Networks guided Q4 revenue up to $84M-$87M vs. $78M consensus. Expects Q4 EPS of at least 6c/sh vs. 5c/sh consensus.
-SAP AG earnings were better-than-expected and is lending support to US names in overseas trading.
-Hot Topic said Dec same-store sales grew 10.6% and raised guidance slightly to 47c-48c/sh vs. 47c/sh consensus.
-Pacific Sunwear Q4 EPS was guided up to 43c/sh vs. 37c/sh consensus.
-Claire’s Stores raised its Q4 forecast to 80c/sh vs. 77c/sh consensus.
-JC Penny said free cash flow will be higher than its previous forecast. Company affirmed its Q4 EPS guidance.
-Renal Care raised Q4 guidance to 49c-50c/sh vs. 48c/sh consensus.
-Advanced Neuro raised its Q4 EPS guidance to 18c-19c/sh vs. 16c/sh consensus.
Upgrades:
-Foundry Networks was upgraded to buy from hold at Deutsche Bank. Price target was also raised.
-ST Microelectronics was upgraded to outperform from inline at Salomon.
Negative:
-AOL Time Warner may take a $10B charge later this month due to the deteriorating AOL unit according to the Washington Post.
-Anheuser-Busch said Q4 EPS should be around 31c/sh vs. 32c/sh consensus. Full-year EPS should be $2.45 vs. $2.47/sh consensus.
-Aeropostale slightly lowered guidance to 38c-40c/sh vs. 40c/sh consensus. Dec comp-store sales grew only 0.3%.
-Wal-Mart Dec same-store sales were -2.3% which was in the middle of the 2%-3% lowered guidance range. Dec guidance range was initially up 3%-5%.
-Talbots warned Q3 EPS would be 42c-47c/sh vs. 48c-53c/sh and vs. 51c/sh consensus.
-Guess? cut its sales outlook to 1c-3c/sh vs. 10c-13c/sh given in previous guidance.
-Ann Taylor same-store sales fell 14.6%.
-United Stationers cut its Q4 EPS guidance to 2c-5c/sh vs. 57c/sh consensus.
Downgrades:
-Electronics components manufacturers were downgraded to underweight from market weight at CSFB. Stocks in sector include KEM, MOLX, and VSH.
-Shire Pharmaceutical was downgraded to neutral from buy at Merrill Lynch.
-Royal Caribbean was downgraded to neutral from buy at Merrill Lynch.
Neutral:
-Gamestop reaffirmed the reduced guidance it issued in Dec.
-American Eagle reaffirmed Q4 EPS guidance of 53c/sh.