CNBC Stock Blog
- Wednesday, 16 May 2012 2:55 PM ETBy: Katie Little
J.C. Penney's stock will likely stay in a range of $25 to $30 in the near term, said one analyst, who warned investors against expecting any "miraculous" recovery in the company’s shares soon.
Charles Grom, a senior retail analyst at Deutsche Bank, told CNBC’s “Squawk on the Street” that he has a “hold” rating on the stock [JCP Loading... ()
] along with a $38 price target. “I think directionally, same-store sales (are) probably likely to stay down double-digits for the rest of the year,” Grom said. “I don’t think you’re going to see any miraculous recovery, mainly because we still have yet to cycle the two big promotional periods in 2012 — back-to-school and Christmas.”
The retailer’s earnings missed expectations on Tuesday, as the company said its gross margin was hit by “lower-than-expected sales” and the impact of taking “deeper seasonal markdowns.” It also announced that it would suspend its dividend.
- Wednesday, 16 May 2012 6:26 AM ETBy:
Tom Mackenzie The recent sell-off in gold is unlikely to continue in the longer term, with the precious metal set to hit $1,900 an ounce towards the end of the year, according to Walter De Wet, head of commodities at Standard Bank.
"If the dollar [DXC1 Loading... ()
] is strong and the euro [EUR=X
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] weak, gold trades lower, but ultimately it de-links especially when we get more money printing
![[cnbc explains]](http://media.cnbc.com/i/CNBC/Sections/News_And_Analysis/_News/_CNBC_EXPLAINS/_IMAGES/CNBC_explains_icon1.gif)
," De Wet told CNBC's "Closing Bell Europe." "Longer term we still think it’s going to go up." De Wet says two things need to happen for gold [XAU= Loading... ()
] to rise. "First of all we need the uncertainty to settle," he said. "Like any other assets, gold sells off when people want liquidity." - Tuesday, 15 May 2012 4:20 PM ET
Shares of the online deals service Groupon soared after reporting strong first-quarter earnings results on Monday, gaining some 33 percent since Friday’s close.
Getty ImagesAnd that's just the beginning, Mark May, analyst with Barclays Capital, told CNBC's "Squawk on the Street."
"Groupon is tackling a massive multi-billion market which is local commerce, and we think that growth in mobile smartphone adoption is going to be a tailwind for the company for several years," said May. » Read More
- Tuesday, 15 May 2012 1:14 PM ETBy:
Antoine Gara
With shares tumbling after Coty, the privately held maker of Beyoncé Knowles perfume, withdrew its hotly contested $10.7 billion takeover offer, Avon Products CEO Sherilyn McCoy needs to prove to investors that a turnaround plan is possible for the beauty products giant.
APAn Avon makeover may be unlikely to net shareholders Coty’s $24.75 offer price anytime soon, but it is possible, even after a 10 percent Tuesday decline that left shares trading near $18.50, weaker-than expected first-quarter earnings, and lingering allegations of bribery at its China-based unit.
In fact, even before Warren Buffett’s Berkshire Hathaway [BRK.A Loading... ()
] emerged as a financier for Coty last week, some analysts and investors were preparing for the possibility that the unsolicited offer would fail. - Tuesday, 15 May 2012 12:51 PM ETBy:
Richard Saintvilus
Corporate enterprises are in the midst of a technological shift, one that removes customer and employee restrictions from within the boundaries of their headquarters and into the cloud
. The advantages presented by this transition cannot be overstated. For investors, the preparation process is now even more critical in assessing which cloud ideas will thrive for a chance at producing solid market-beating performances. If anything was learned from the tech bubble, it was that not every idea was going to work. So it stands to reason that among the numerous successful possibilities with the cloud such as Oracle [ORCL Loading... ()
] or VMware [VMW
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], there will undoubtedly be some misses. The challenge for investors comes with trying to make contact with every swing, but that is not often possible. - Tuesday, 15 May 2012 12:14 PM ETBy: Katie Little
Although Home Depot’s revenue missed estimates as warm winter weather led customers to shift their purchases earlier, one analyst still prefers the company over its competitor Lowe’s Cos.
Stf / AP“Home Depot has made big improvements in merchandising and distribution,” said Laura Champine, managing director at Canaccord Genuity Securities. “I can’t say the same thing for Lowe’s [LOW Loading... ()
]. I think Lowe’s is playing catch-up. We don’t expect Lowe’s to have same-store sales up as much as Home Depot [HD
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].” - Tuesday, 15 May 2012 11:35 AM ET
Getty ImagesiPhone 4 and iPad displayApple’s shares are down about 7 percent over the past month, but analysts don’t see a reversal any time soon.
“I think the stock’s going to range down for the next couple of months because investors really don’t have anything to get excited about this quarter,” Sanford Bernstein analyst Toni Sacconaghi told CNBC’s “Squawk on the Street.” “There’s no new product likely until the September-October time frame, which is the iPhone 5.”
While investors and consumers alike wait for the next Apple [AAPL Loading... ()
] gadget, Sacconaghi thinks iPhone 4 sales will decelerate. - Tuesday, 15 May 2012 6:51 AM ETBy: Pete Najarian
Exelon has been beaten down since the beginning of the year, but traders remain hopeful for a rally.
Getty ImagesElectricity pylon pass the Ffos-Y-Fran opencast coal mine in Merthyr Tydfil, Wales.Traders were selling May 39 calls for $0.15 and buying June 39 calls for $0.60 yesterday, according to OptionMonster’s real-time tracking systems. They were apparently rolling long positions from one strike to the next to get an additional month for the stock to rise.
- Monday, 14 May 2012 2:43 PM ETBy:
Philip van Doorn
Sterne Agee analyst Todd Hagerman on Monday said that he saw “10 to 15 percent further downside risk” to broker/dealer stocks, with “perhaps more for JPM as the review [of the company’s trading losses] unfolds.”
Bloomberg | Getty ImagesAs the intense reaction continued, following JPMorgan Chase CEO James Dimon’s announcement late Thursday of a $2 billion second-quarter trading loss, the company announced on Monday that Chief Investment Officer Ina Drew had resigned.
- Monday, 14 May 2012 12:30 PM ETBy:
Chris Ciaccia
Whoever replaces Scott Thompson in the Yahoo hotseat should take a leaf from Warren Buffett when it comes to reshaping the embattled Internet giant.
blmurchYahoo HeadquartersThe vast majority of Yahoo’s [YHOO Loading... ()
] $18.5 billion in market cap is in its Asian assets: the 40 percent stake it owns in Alibaba and the 34.9 percent stake it owns in Yahoo Japan. The core U.S. operations, which include Yahoo’s various properties around the web, including news, sports, finance, and a host of other assets are worth roughly $1 billion. - Monday, 14 May 2012 6:46 AM ETBy:
David Russell
TiVo has been working its way higher since August, and one investor is looking for a rally this year.
OptionMonster’s tracking systems detected a long-term bullish strategy in the video-recording stock on Friday. About 2,400 January 11 calls were bought for $1.35 and an equal number of January 9 puts were sold for $0.98. Volume was more than twice open interest at both strikes, meaning that a new position was opened.
- Friday, 11 May 2012 1:27 PM ETBy:
Chris Ciaccia
Even though Apple reported record second-quarter revenue and earnings, shares have given back all of their gains and then some. We now may have a reason why: It looks like the carriers are starting to fight back.
Don Emmert | AFP | Getty ImagesApple depends so much on its iPhone for growth, which accounted for $22.7 billion in revenue, nearly 58 percent of quarterly revenue. It’s Apple’s largest product segment by far, and any dent in revenue could dent Apple’s stock [AAPL Loading... ()
]. U.S. carriers Verizon Communications [VZ Loading... ()
], AT&T [T
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], and Sprint Nextel [S
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] could either cut back on carrier subsidies or extend the life-cycle of their contracts, and evidence is mounting that it may happen.
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