Positivo e Negativo a NY - Giorgia

Positivo e Negativo a NY - Giorgia  

  By: Moderatore on Giovedì 16 Gennaio 2003 15:59

Aggiorniamo il commeno finanziario americano migliore che abbiamo: Thursday January 16th 7:45--KB Home Q4 EPS was $2.92/sh vs. $2.53/sh consensus. Revenues were $1.68B vs. $1.52B consensus. 7:39--Sears Q4 EPS was $2.11/sh vs. $1.91/sh consensus. 7:32--The CPI number will have less effect on the market than will the jobless claims. The claims show a move back down toward the levels seen four weeks ago and indicate that the labor market is firming. 7:30--Dec CPI was +0.1% vs. +0.2% expected. Core CPI was +0.1% vs. +0.2% expected. 7:30--Jobless claims were -32K to 360K vs. 395K consensus. Last week was revised to 392K vs. 389K previously. 7:27--GM Q4 EPS was $1.67/sh vs. $1.53/sh consensus. 7:26--OSI Systems guided Q4 up to 24c-25c/sh vs. 22c/sh consensus. 7:25--International Paper guided Q4 EPS slightly higher, but said it will take a $450M legal reserve charge. 7:22--Forest Labs Q3 EPS was 47c/sh vs. 45c/sh consensus. Guided Q4 EPS toward 47c/sh vs. 45c/sh consensus. 7:19--Comerica Q4 EPS was $1.18/sh vs. $1.16/sh consensus. However, company guided FY03 down to $4.20-$4.40/sh vs. $4.72/sh consensus. 7:15--Stocks are: S&P -1.00, Nasdaq -1.00. -German GDP was +0.2% which was the slowest growth since 1993. Stats office said they wouldn’t rule out a dip in Q4. There are worries over general European growth this morning. -Japanese officials made comments which threatened intervention to weaken the yen. -Iraq - Hans Blix is looking for more evidence of Tuesday’s WMD smuggling and is pressing Iraq for more evidence. The US is resisting UN calls for a second vote before taking military action in Iraq. The US is also reserving the right to attack even if there is no WMD evidence found by inspectors. -North Korea - US diplomat said he sees very slow progress on North Korea. Positive: -IDEC Pharma guided Q4 EPS up to 26c/sh from 22c/sh consensus. -Symantec reported Q3 EPS of 47c/sh vs. 39c/sh consensus. Revenues also beat consensus. Company guided Q4 EPS and revenue above expectations. -Kinder Morgan Q4 EPS was 82c/sh vs. 73c consensus. -Yahoo Q4 EPS was 8c/sh vs. 6c/sh consensus. Revenues were $285.8M vs. $278.0M consensus. Company affirmed Q1 & FY03 revenue guidance. -QLogic Q3 EPS was 30c/sh vs. 28c/sh consensus. -Watson Pharma guided Q4 EPS up to 44c-45c/sh vs. 43cv/sh consensus. Said revenues would also beat expectations. -Sierra Health guided ’02 & ’03 EPS higher. -Mercury Computer Q2 EPS was 29c/sh vs. 27c/sh consensus. Guided Q3 up to 28c-32c/sh vs. 25c/sh consensus. -Samsung raised its capex spending numbers. -Johnson Controls Q1 EPS was $1.48/sh vs. $1.46/sh consensus. -Ethan Allen Q2 EPS was 60c/sh vs. 57c/sh consensus. -United Tech Q4 EPS was $1.06/sh vs. $1.04/sh consensus. -Boeing won a $3.1B order from Virgin Blue. Upgrades: -ASML Holdings received positive comments from Bank of America due to Samsung’s upward revision to capex. Negative: -Americredit Q2 loss was -18c/sh vs. -6c/sh consensus. -Abbott Labs Q4 EPS was 55c/sh vs. 56c/sh consensus. Guided FY03 to $2.20-$2.25/sh vs. $2.26/sh consensus. -Bearing Point will cut 450-550 jobs. Downgrades: -Yahoo was downgraded to underperform from neutral at CSFB. Neutral: -DR Horton Q1 EPS was 75c/sh vs. 66c/sh consensus. Guidance, however, was slightly lower at 73c-76c/sh vs. 76c/sh consensus.

Positivo e Negativo a NY - Giorgia  

  By: Moderatore on Venerdì 10 Gennaio 2003 16:02

Aggiorniamo il commeno finanziario americano migliore che abbiamo: Friday January 10th 7:52--Royal Dutch Shell and ChevronTexaco were upgraded to sector outperform from sector perform at CIBC. 7:44--Great Atlantic & Pacific Tea posted Q3 loss of -77c/sh vs. -42c/sh consensus. 7:40--Oakley was downgraded to hold at Wells Fargo. 7:39--PPL was upgraded to buy from market perform at Bank of America. 7:37--State Street will offer $500 in securities next week. 7:36--Tenet Healthcare plans a $500M bank credit facility. 7:32--The number is clearly bearish for stocks and bullish for bonds--especially with this morning’s rumors of a sharper-than-expected gain. These markets reactions clearly shows that this is a difficult market to trade and RGR Technical will refrain from trade recommendations for a couple days. 7:30--Dec non-farm payrolls were -101K vs. +20K expected. Nov was revised to -88K from -40K previously. Manufacturing payrolls were -65K vs. -35K expected. Unemployment rate was 6.0% vs. 6.0% expected. Average Hourly Earnings were +0.3% vs. +0.3% expected. Retail jobs were -104K. Construction +3K. Government +14K. 7:24--Infosys Q3 EPS was 40c/sh vs. 39c/sh consensus. 7:23--Homestore.com was upgraded to market perform at Piper Jaffray. 7:22--US Steel was upgraded to buy from hold at Prudential. 7:20--Stocks are: S&P +4.00, Nasdaq +8.00. -North Korea said it is pulling out of the nuclear non-proliferation treaty. That is helping the euro rally to a 3 1/2 year high against the yen. It is also giving the euro some strength against the US. -Euro also higher against the dollar based on a Financial Times article speculating that the US may ‘go it alone’ in Iraq. -Yen down slightly against the dollar based on the Korean news. Also due to ongoing speculation that the Japanese will intervene to weaken the yen. -There are rumors that today’s payroll number will be stronger than expected. That likely explains part of the stock rally. -German Economic Minister said he is considering cutting 2003 GDP forecast to 1.0% from 1.5%. -Japanese Personal Consumption -2.0% y/y. -UK trade balance rose to a record deficit of 3.982B from 3.6B last month. Positive: -Rockwell raised Q1 EPS guidance to 21c-22c/sh vs. 16c-18c/sh given in previous guidance. -RPM Q2 EPS was 26c/sh vs. 25c/sh consensus. -Alpharma guided FY03 up to $1.15-$1.25 vs. $1.06/sh consensus. -Nautica Q3 EPS was 40c/sh vs. 39c/sh consensus. Company affirmed Q4 EPS guidance of 21c/sh. -Harley-Davidson received positive comments in Business Week. Upgrades: -AMD was upgraded to hold at UBS. -Abercrombie was upgraded to outperform from neutral at CSFB. -Comverse Technology’s price target was raised at Lehman. -Symantec was upgraded to buy from market perform at Bank of America. -CR Bard was upgraded to sector perform from underperform at CIBC. -Allegheny was upgraded to outperform from inline at Goldman Sachs. Negative: -Schering-Plough warned that Q4 EPS would be 27c-29c/sh vs. 44c/sh consensus. Warned FY02 EPS would be $1.40-$1.42 vs. $1.57/sh consensus. -Ashland Oil said it will miss Q1 EPS estimates due to higher oil prices. -Cheesecake Factor guided Q4 revenues down to $174.4M vs. $179.3M consensus. Downgrades: -Pacific Sunwear was downgraded to neutral from outperform at CSFB. -Celestica was downgraded to reduce from hold at UBS. -Healthcare management stocks were downgraded at UBS. Neutral: -Lexmark raised Q4 EPS guidance to 85c-87c/sh vs. 70c-80c/sh previously forecast. However, company cut Q1 EPS guidance to 62c-72c/sh vs. 73c/sh consensus. -Wachovia is in talks to buy Prudential’s securities unit.

Positivo e Negativo a NY - Giorgia  

  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.

Positivo e Negativo a NY - Giorgia  

  By: Moderatore on Mercoledì 08 Gennaio 2003 16:10

Aggiorniamo il commento finanziario americano migliore che abbiamo: Wednesday January 7th 8:05--H&R Block expects to meet estimates in the current fiscal year. 8:00--Two Palestinians were killed in clashes with Israeli troops. 7:55--Disney estimates were cut at Merrill Lynch. 7:49--EDS was upgraded to outperform from market perform at SG Cowen. 7:37--MGM Mirage is cutting its forecast to 24c-27c/sh vs. 44c/sh consensus. 7:35--PC and PDA industry demand was lowered at UBS. 7:28--Airborne Freight was downgraded to hold at Prudential. 7:25--PacifiCare sees guided FY03 EPS up to $4.25-$4.35 vs. $4.25 expected. 7:23--Electronics Boutique reported a 6.0% increase in holiday sales and affirmed Q1 guidance of $1.05-$1.13/sh vs. $1.09/sh consensus. 7:15--Stocks are: S&P -3.00, Nasdaq -6.00. -Yen up slightly even though Nikkei -1.6%. -EU commissioner warned that strength in euro is adding to uncertainty in eurozone. -Eurozone retail sales were +0.7 which was as expected. Previous month was revised up to -0.9% from -2.1%. -EU criticized France and Germany’s GDP projections as overly optimistic. Positive: -Coach raised its Q2 EPS guidance to 65c/sh vs. 62c/sh consensus. -SunTrust Banks Q4 EPS was $1.20/sh vs. $1.18/sh consensus. -Guidant pre-announced Q4 revenues of $895 vs. $836M expected. Company affirmed 2003 EPS expectations. -Lennar Q4 EPS was $3.16/sh vs. $3.12/sh consensus. Company affirmed FY03 EPS guidance of $8.50/sh. -InVision guided Q4 revenue up to $210M vs. $160M previously guided. -Agere Systems entered a $150M supply agreement with Samsung. -Marvel Enterprises raised its 2002 & 2003 guidance. -Emmis Communications Q3 EPS 16c/sh vs. 7c/sh consensus. Revenues were $155M vs. $147M consensus. -Dean Foods is boosting its buyback program by $150M. Upgrades: -SAP AG was upgraded to overweight from neutral at JP Morgan. -GlaxoSmithKline was upgraded to outperform from inline at Goldman Sachs. -Verisign was upgraded to outperform at Piper Jaffray. Negative: -Gateway warned that Q4 loss would be 18c-19c/sh vs. -13c/sh consensus. Warned revenues would be $1.06B vs. $1.21B consensus. -Intel VP of sales said he sees little change in sales going forward. -GE received notification of a 2-day strike by employees over health care issues. The strike will affect 13,900 employees and will take place next week. -Cigna will cut 2150 jobs and will take a $150M charge. Also, will cut more jobs later in the year. -Mandalay Bay resorts guided Q1 EPS down to 10c/sh vs. 22c/sh consensus. -ConMed lowered Q4 EPS guidance to 31c-33c/sh vs. 38c/sh consensus. -Men’s Wearhouse warned Q4 EPS would be 46c-48c/sh vs. prior guidance of 48c-56c/sh. Company also warned for FY02. Downgrades: -JP Morgan was downgraded to hold from buy at UBS. -Solectron was downgraded to under-perform from neutral at CSFB. -Regional Bells were downgraded to reduce from hold at UBS. Names include AT, BLS, SBC, and VZ. -AstraZeneca was downgraded to inline from outperform at Goldman Sachs. Neutral: -Mentor Graphics affirmed Q4 and 2003 expectations. -Johnson Controls affirmed its 2003 EPS outlook of 5%-10% growth.