Filed under: Earnings Reports, Staples Inc (SPLS)

Staples, Inc. (SPLS) has traded in a narrow range over the last year. The 52-week low is .45 while the 52-week high is . The stock closed today at .90, up a mere 0.2%. Volume was very heavy.

The market had an earnings report from the office-supply retailer to evaluate this session. According to the Associated Press, fourth-quarter net profit came in at an adjusted 39 cents per share. Unfortunately, analysts wanted two more pennies for the bottom line. The top line also failed to deliver a beat.

Continue reading Staples: Buy or Sell After Q4 Release?

Staples: Buy or Sell After Q4 Release? originally appeared on BloggingStocks on Wed, 02 Mar 2011 17:45:00 EST. Please see our terms for use of feeds.

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The United States Department of the Interior on Monday announced its approval of a deepwater drilling project on Monday, the first one since the worst case of oil spillage in the Gulf of Mexico in 2010. The Bureau of Ocean Energy Management, Regulation and Enforcement, an agency under the Interior, issued a permit to Houston-based company Noble Energy to drill a bypass well in 6,500 feet of water in an area 70 miles southeast of Venice, Louisiana.

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Intro Text:

Germany’s solar company Q-Cells S.E. said it will continue to expand its business abroad in 2011 after achieving a 70-percent sale increase year on year and a solid fourth quarter result. Q-Cells, the world’s fifth largest solar manufacturer, said its earnings from 790.4 million euros in 2009 to 1.3 billion euros (.77 billion) in 2010 came in mostly during the fourth quarter. Q-Cells’ fourth quarter income of 387 million was 54 percent higher than in the same period of 2009.

Ecoseed Information Network

Filed under: Earnings Reports, DreamWorks Animation (DWA)

DreamWorks Animation (DWA) was trading lower this afternoon in response to the company’s latest earnings report which was released yesterday after the bell. At the time of this writing, the stock was down 2.4% to .43. That might sound bad, but it’s actually a higher price than the intraday low of .71 (for further perspective, consider that the 52-week low for the shares is .61).

According to the Associated Press, the cartoon studio made an adjusted 47 cents per share. Oh man, know what the overall estimate was? Try 75 cents per share. Huge disparity. Honestly, I’m shocked the stock didn’t drop beyond the 52-week low today based on such performance.

Continue reading DreamWorks Animation Drops After Earnings: Buying Opportunity?

DreamWorks Animation Drops After Earnings: Buying Opportunity? originally appeared on BloggingStocks on Fri, 25 Feb 2011 18:00:00 EST. Please see our terms for use of feeds.

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Filed under: Earnings Reports, Safeway Inc (SWY)

Safeway (SWY) finished Thursday’s session down almost 2% to .62 after reporting fourth-quarter financial results. Trading volume was just under triple the 30-day average.

Safeway’s bottom line came in at 62 cents per share, a number that was five pennies better than the overall projection, according to Reuters. We’ll applaud that performance, but here’s something that won’t garner any accolades: same-store sales, without the effect of fuel transactions, went down 0.8%.

Continue reading Safeway After Q4 Earnings: Not on My List of Ideas

Safeway After Q4 Earnings: Not on My List of Ideas originally appeared on BloggingStocks on Fri, 25 Feb 2011 11:00:00 EST. Please see our terms for use of feeds.

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Filed under: Earnings Reports, Sears Holdings (SHLD)

Sears Holdings Corporation (SHLD) is having a sale today. On its stock. Question is, do you think it’s cheap enough to be a value?

I have reservations about buying the current dip. At the time of this writing, shares of the retailer were off by 5.8% to .19. Active volume backed the move. Granted, it’s not like the stock is at the 52-week low of .21. Things aren’t that dire. But the company isn’t close to the 52-week high of of 5.42, either. And as for the one-year chart, well, I’m not sure the image is one to praise.

Continue reading Sears Holdings Drops After Earnings Report

Sears Holdings Drops After Earnings Report originally appeared on BloggingStocks on Thu, 24 Feb 2011 17:00:00 EST. Please see our terms for use of feeds.

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Filed under: Earnings Reports, Hewlett-Packard (HPQ), Technology

Oh dear. Did you catch the price action in Hewlett-Packard Company (HPQ)? Somewhat hard to miss, I would imagine. Unless you purposely avoid stocks that are down 10%.

At the time of this writing, shares of the PC maker were actually down well over 10% to .09. And talk about volume! It’s multiple times the 30-day average. I have a feeling the market is trying to say something to management. Even with all the other macro concerns that Wall Street is dealing with, shareholders of Hewlett-Packard have to pay attention to this move.

Continue reading Hewlett-Packard Down Big After Latest Report

Hewlett-Packard Down Big After Latest Report originally appeared on BloggingStocks on Wed, 23 Feb 2011 18:00:00 EST. Please see our terms for use of feeds.

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Filed under: Major Movement, Earnings Reports, Good news, Options, Technical Analysis, EOG Resources (EOG)

EOG Resources (EOG – option chain) shares are rising today after the company announced Q4 2010 earnings last night, posting a profit of .67 million, or 21 cents per share. Excluding one-time items, EOG earned 36 cents per share on revenue of .79 billion. Analysts had forecast a profit of 26 cents per share on revenue of .51 billion. EOG also announced it will lift its quarterly dividend by half a penny to 16 cents per share. If you think that the stock won’t fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on EOG.

EOG opened this morning at 6.84. So far today the stock has hit a low of 6.81 and a high of 9.80. As of 12:00, EOG is trading at 8.63 up .41 (4.2%). The chart for EOG looks neutral and S&P gives EOG a neutral 3 STARS (out of 5) hold ranking.

Continue reading EOG Resources Jumps After Q4 Earnings Release

EOG Resources Jumps After Q4 Earnings Release originally appeared on BloggingStocks on Fri, 18 Feb 2011 13:30:00 EST. Please see our terms for use of feeds.

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Intro Text:

Political parties challenged to make at least a tenth of Scotland’s cars electric

Business

Filed under: Earnings Reports, Abercrombie and Fitch (ANF)

Did you catch the action in Abercrombie & Fitch (ANF) today? The market apparently loved the data in the fourth-quarter report. With a little more than an hour to go before the end of the regular session, I’m seeing a quote of .37. That puts the gain in the shares at 7.4%. Volume is quite strong.

The 52-week low for this retailer is .94 and the 52-week high is .50. The chart shows the upward movement in the stock over the last twelve months. Not the smoothest rise ever plotted on a graph, but a rise nonetheless.

Continue reading Abercrombie & Fitch Near 52-Week High After Q4 Report

Abercrombie & Fitch Near 52-Week High After Q4 Report originally appeared on BloggingStocks on Wed, 16 Feb 2011 17:30:00 EST. Please see our terms for use of feeds.

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