Filed under: Netflix, Inc. (NFLX), Technical Analysis

Coinstar (CSTR) is, without a doubt, a very compelling stock to watch. I’ve been both bullish and bearish on the idea over the last several months. The one-year chart shows some fascinating price action. It makes one want to buy the name, but at the same time, I’m sure many investors wonder what the future will be like for the owner of the Redbox DVD-rental kiosk (i.e., how will it specifically adapt to the demand for digital delivery of movies?).

This week, TheFly mentioned that an analyst firm believes the stock will climb even higher, perhaps all the way to . That would represent a pretty impressive return based on where the quote is right now.

Continue reading Coinstar: Time To Buy or Sell?

Coinstar: Time To Buy or Sell? originally appeared on BloggingStocks on Fri, 26 Nov 2010 15:00:00 EST. Please see our terms for use of feeds.

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BloggingStocks

Filed under: Major Movement, Earnings Reports, Forecasts, Good news, Options, Technical Analysis

Coinstar (CSTR – option chain) shares are rising today after the company reported Q3 earnings last night, posting a profit of .5 million, or 60 cents per share. Excluding one-time items, CSTR earned 66 cents per share on revenue of 0.2 million. Analysts had forecast a profit of 50 cents per share on revenue of 1.8 million. The company also forecast Q4 earnings of 79 to 85 cents per share on revenue of 5 to 0 million. Analysts are expecting a profit of 76 cents per share on revenue of 2 million. 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 CSTR.

CSTR opened this morning at .07. So far today the stock has hit a low of .05 and a high of .72. As of 12:00, CSTR is trading at .63 up .37 (24.6%). The chart for CSTR looks neutral.

Continue reading Coinstar Shoots 20% Higher on Strong Earnings Report

Coinstar Shoots 20% Higher on Strong Earnings Report originally appeared on BloggingStocks on Fri, 29 Oct 2010 13:15:00 EST. Please see our terms for use of feeds.

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BloggingStocks

Filed under: Stock Picks

Bearish traders should be using the recent strength in the equity markets to identify short opportunities. The S&P 500 is currently trading above 1,100 and has rallied very sharply off of the 1,040-1,050 level in just a matter of days.

This surge in equities appears to be driven by a combination of short covering and better than expected economic numbers. Rather than getting bullish here, however, it may be time to put out some tactical shorts. Traders that have been buying the highs and selling the lows in anticipation of a breakout of the current trading range have been consistently burned.

Continue reading Coinstar Could Be A Short Candidate

Coinstar Could Be A Short Candidate originally appeared on BloggingStocks on Fri, 03 Sep 2010 16:30:00 EST. Please see our terms for use of feeds.

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Business – BloggingStocks – Investing – Stocks and Bonds – Coinstar
BloggingStocks

Filed under: Major Movement, Earnings Reports, Forecasts, Bad News, Options, Technical Analysis

It seems that 92% year-over-year earnings growth wasn’t quite enough to impress Wall Street. Shares of DVD rental kiosk operator Coinstar Inc. (CSTR) are taking a beating as traders pan the company’s softer-than-forecast second-quarter results and lackluster revenue forecast.

For the recently concluded quarter, Coinstar banked a profit of .4 million, or 41 cents per share, up from last year’s results of million, or 23 cents per share. Revenue for the quarter climbed 35% to 2.4 million. As recently as May, Coinstar predicted its quarterly revenue would arrive between 3 million and 3 million.

Continue reading Coinstar Hammered After Disappointing Earnings

Coinstar Hammered After Disappointing Earnings originally appeared on BloggingStocks on Fri, 30 Jul 2010 11:40:00 EST. Please see our terms for use of feeds.

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Coinstar – Wall Street – Interactive kiosk – BloggingStocks – Business
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