Filed under: Major Movement, Earnings Reports, Options, Technical Analysis

Accenture (ACN – option chain) shares are rising after the company reported Q2 2011 earnings Thursday night, posting a profit of 3.1 million, or 75 cents per share, on revenue of .49 billion. Analysts had forecast a profit of 71 cents per share on revenue of .73 billion. 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 ACN.

ACN opened Friday morning at .47. In morning trading, the stock hit a low of .40 and a new 52-week high of .78. As of 12:25, ACN was trading at .91 up 2.95 (5.7%). The chart for ACN looks bullish and S&P gives ACN a positive 4 STARS (out of 5) buy ranking.

Continue reading Accenture’s Q2 Earnings Beat Estimates

Accenture’s Q2 Earnings Beat Estimates originally appeared on BloggingStocks on Fri, 25 Mar 2011 13:30:00 EST. Please see our terms for use of feeds.

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Filed under: Earnings Reports, Competitive Strategy, Wal-Mart (WMT), Amazon.com (AMZN), Target Corp. (TGT), Best Buy (BBY), Recession

Shares of retail giant Best Buy (BBY) traded higher Thursday morning after the company posted better-than-expected earnings for its fourth quarter.

Going into the earnings report, analysts had been expecting to see Best Buy report earnings of .84 per share for the quarter. Best Buy topped estimates by posting earnings of .98 per share.

Continue reading Best Buy Tops Earnings Estimates but Revenues Disappoint

Best Buy Tops Earnings Estimates but Revenues Disappoint originally appeared on BloggingStocks on Thu, 24 Mar 2011 10:50:00 EST. Please see our terms for use of feeds.

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BloggingStocks

Filed under: Earnings Reports, Competitive Strategy, Wal-Mart (WMT), Amazon.com (AMZN), Target Corp. (TGT), Best Buy (BBY), Recession

Shares of retail giant Best Buy (BBY) traded higher Thursday morning after the company posted better-than-expected earnings for its fourth quarter.

Going into the earnings report, analysts had been expecting to see Best Buy report earnings of .84 per share for the quarter. Best Buy topped estimates by posting earnings of .98 per share.

Continue reading Best Buy Tops Earnings Estimates but Revenues Disappoint

Best Buy Tops Earnings Estimates but Revenues Disappoint originally appeared on BloggingStocks on Thu, 24 Mar 2011 10:50:00 EST. Please see our terms for use of feeds.

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Filed under: Newsletters, Stocks to Buy

“We screened the Investors Business Daily (IBD) and Zacks databases to find companies whose earnings are accelerating and whose earnings estimates are being increased by analysts,” says J. Royden Ward.

The editor of the Cabot Benjamin Graham Value Letter continues, “All of the stocks in our list have IBD Composite Ratings of 95 (99 is best) and Zacks Ratings of 1 or 2 (1 is best). These recommendations offer excellent appreciation potential with moderate risk.

Continue reading Ben Graham-Style Techs with Rising Estimates

Ben Graham-Style Techs with Rising Estimates originally appeared on BloggingStocks on Tue, 08 Mar 2011 11:00:00 EST. Please see our terms for use of feeds.

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Filed under: Earnings Reports, Competitive Strategy, Bargain Stocks, Chasing Value[TM], Stocks to Buy, Newcastle Investment (NCT)

This morning before the market opened, Newcastle Investments (NCT), one of my 2011 stock picks (see Chasing Value: 2011 Picks Dust the S&P) reported earnings that stomped all over analysts estimates. The company reported that in the fourth quarter of 2010, income applicable to common stockholders (“GAAP income”) was 7 million, or .18 per diluted share, compared to million, or .31 per diluted share, in the fourth quarter of 2009.

For the full year 2010, GAAP income was 7 million, or .96 per diluted share, compared to a loss applicable to common stockholders (“GAAP loss”) of 3 million, or .23 per diluted share, in 2009.

Continue reading Chasing Value: Newcastle Earnings Shatter Estimates

Chasing Value: Newcastle Earnings Shatter Estimates originally appeared on BloggingStocks on Tue, 01 Mar 2011 12:00:00 EST. Please see our terms for use of feeds.

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Filed under: Earnings Reports, Walt Disney (DIS), Media World

The Walt Disney Company (DIS) released results for its fiscal first quarter after the bell today. As a shareholder, I was very eager to see the data since the stock recently broke through the tough resistance level of . Would the recent rise in the stock be justified by the profit growth?

You know, that just may be the case. According to the corporate press release, on an adjusted basis, net income jumped 45% to 68 cents per share. Even better, the call was for 56 cents per share. That’s a significant beat. As for the top line, it expanded by a healthy 10%.

Continue reading Disney Beats Q1 Estimates, Stock Rises — Is It Overvalued?

Disney Beats Q1 Estimates, Stock Rises — Is It Overvalued? originally appeared on BloggingStocks on Tue, 08 Feb 2011 18:00:00 EST. Please see our terms for use of feeds.

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After Friday’s beating, where SanDisk Corporation (SNDK) fell around 9%, the stock looks compelling. SNDK shares fell after the company reported better than expected earnings because investors were concerned about a miss on margins. The company reported net income of 7 million or .27 per share compared to analysts’ consensus estimates of .09.

Continue reading SanDisk Beats Estimates: Stock Still Takes a Beating

SanDisk Beats Estimates: Stock Still Takes a Beating originally appeared on BloggingStocks on Fri, 28 Jan 2011 17:00:00 EST. Please see our terms for use of feeds.

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Filed under: Earnings Reports, Analyst Reports, Industry, Intel (INTC), Headline News, Technology

Intel posted another record quarter. The company reported a profit of .39 billion or 59 cents a share, up from .28 billion or 40 cents a share a year ago. Analysts polled by Thomson Reuters had forecast 53 cents a share. Revenue jumped 8.4% to .46 billion. Revenue was flat in its PS division and up 15% in its data center group, which sells server computers. Gross margin, or profit after manufacturing cost, rose 67.5% from 64.7%. Thomson Reuters had forecast 66.7%.

Here are some other highlights from the report:

• Chief Financial Officer, Stacy Smith said that Intel increased its capital expenditures for 2011 to billion, up .8 billion from 2010.
• Intel pledged billion and billion over several years to upgrade its manufacturing plants in the US and build a new research facility in Oregon.
• The company bought back .5 billion in stock during the quarter.

Continue reading Intel Earnings: Profit Beats Street Estimates

Intel Earnings: Profit Beats Street Estimates originally appeared on BloggingStocks on Fri, 14 Jan 2011 09:30:00 EST. Please see our terms for use of feeds.

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Filed under: Major Movement, International Markets, Industry, Economic Data, Commodities, Headline News, Agriculture

The US Department of Agriculture (USDA) cut its estimates of last fall’s corn and soybean crops.The soybean harvest was revised sharply downward to 3.33 billion bushels from 3.38 billion. Corn inventories are already at a 15 year low, were cut by more than 10% to 745 million bushels, as reported in the Wall Street Journal.

Let’s look at what happened around the world to the grain harvests:

Continue reading US Department of Agriculture Cuts Crop Estimates for Corn and Soybeans. Prices Soar

US Department of Agriculture Cuts Crop Estimates for Corn and Soybeans. Prices Soar originally appeared on BloggingStocks on Wed, 12 Jan 2011 17:00:00 EST. Please see our terms for use of feeds.

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Filed under: Earnings Reports, McDonald’s (MCD)

Fast-food entity Sonic (SONC) closed Tuesday’s regular session at a quote of .10. That represented a gain of a mere two pennies going into the after-the-bell earnings release. I guess investors weren’t too excited by the prospects of the data.

Shares didn’t do much in the extended session either, but popped about 4% at the opening bell Wednesday. For a longer-term perspective, take a look at the one-year chart. The stock seems to be doing its best to climb back to higher levels. Returning to the 52-week high of .11 would be nice.

Continue reading Sonic Beats Earnings Estimates Despite Weak Sales

Sonic Beats Earnings Estimates Despite Weak Sales originally appeared on BloggingStocks on Wed, 05 Jan 2011 11:00:00 EST. Please see our terms for use of feeds.

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