Posts by David Fazekas
- Hot Stock Minute2 hrs ago
What do you think about this budget deal? It's a bi-partisan agreement that will avert a government shutdown if passed. Does this give you confidence Congress can work together to get things done and not move from one manufactured fiscal crisis to another? Vote in the daily Hot Stock Minute poll and leave us a post in the comments section below.
- Hot Stock Minute3 hrs ago
Congress works together to reach a budget deal. Can it really be true? MasterCard (MA) says good-bye to any thousand-dollar-stock aspirations. And Costco's (COST), offering a discount on its shares this morning. Key members of congress have reached a bi-partisan budget deal. This would prevent another government shutdown in January, but the deal does still have to pass in the Senate and the House. It's a two year deal setting spending at just over $1 trillion a fiscal year; it replaces $63 billion in sequester cuts with other savings, and it reduces the deficit by another $23 billion. Senate Budget Chairwoman Patty Murray, who led the negotiations with House Budget Chairman Paul Ryan, said this about the impact:
- Hot Stock Minute1 day ago
It was a day of leadership changes. It started with Lululemon (LULU) announcing the departure of its founder, Dennis "Chip" Wilson after he made some unsavory remarks about his customers body types. Lululemon also announced Laurent Potdevin, formerly of Tom's and Burton would become its new CEO replacing Christine Day. After initially trading higher, Lululemon reversed and finished down 2% for the day.
Then came news that General Motors (GM) was appointing Mary Barra as its first female CEO a day after it was revealed the U.S. Treasury was ending its bailout of the auto giant. Barra will replace current chairman and CEO, Dan Akerson, who is leaving the company to take care of his ailing wife, who is battling advanced stage cancer. GM shares finished the day down 1%.
- Hot Stock Minute1 day ago
U.S. taxpayers lost about $10 billion in the government bailout of GM. Now that the government sold its final shares of General Motors stock, do you think the public got a fair deal bailing out the auto giant? Vote your thoughts below in the daily Hot Stock Minute poll and leave us a post in the comments section.
AutoZone and Toll Brothers report earnings; Texas Instruments narrows Q4 forecast; Burlington Stores reports lossHot Stock Minute1 day ago
Here's a look at four hot stocks the Yahoo Finance team will be watching for you today. First up is AutoZone (AZO). The country's largest auto parts chain reported earnings of $6.29 beating estimates by a penny. AutoZone revenues rose 5.2% from last year to $2.05 billion when estimates were for $2.1 billion. AutoZone flourished during the country's economic slump mainly because people are owning their cars much longer than they used to. 11.4 years is the average age of a car in the U.S. right now and some experts believe that number could grow 20% by 2018. AutoZone is up more than 28% year to date. Next, Toll Brothers (TOL). The luxury home building company reported earnings this morning of $0.54 per share beating estimates of $0.43. It's significantly down from last year's $2.35, which the company says was due fewer tax-related adjustments. Revenue jumped 65% to $1.04 billion, beating analysts expectations of $1 billion. Investors will be watching Toll Brothers and its rivals very closely to measure how the housing market is doing amidst rising mortgage rates. Toll Brothers has remained somewhat flat this year, up just 0.3% year to date. Now, Texas Instruments (TXN). The chipmaker has narrowed its fourth quarter earnings forecast. It's because of a lack of demand by companies to build up inventories of chips to be used in cars, computers and smartphones. The company said it now estimates earnings of $0.44 to $0.48 per share when it previously had predicted $0.42 to $0.50. Revenue was also narrowed with current estimates at $2.92 billion to $3.04 billion while previous estimates had the high end at $3.10 billion. Texas Instruments is up almost 35% year-to-date. Finally, Burlington Stores (BURL). The company released its first report since its IPO back in October. Burlington reported a loss of $0.05 a share which was pretty much in line with estimates for a loss of $0.05 or $0.06. They also posted revenues of $1.06 billion when analysts were expecting $1.05 billion. Comp sales rose 3.9%. The stock is up almost 13% since its IPO.
200th Show! Volcker Rule Vote; Lululemon founder steps down; Autozone and Toll Brothers report earningsHot Stock Minute1 day ago
It's our 200th show here at Hot Stock Minute. And today we're talking about the upcoming Volcker Rule vote. Lululemon's founder is out. And GM is up as the bailout ends. It's a big day for the Volcker Rule. Five years after the financial crisis, five regulatory agencies are finally expected to vote on and approve it today. The rule - named for former Fed Chairman Paul Volcker and part of Dodd-Frank - bars banks from trading for their own profit. It's expected to face a fight from banks, even though many say their firms already comply with the rule. Treasury Secretary Jack Lew had instructed the agencies to finish their work on it by the end of the year. The Federal Government bailout of General Motors (GM) has ended. The Treasury Department announced on Monday it sold its final shares in GM. Taxpayers lost about $10 billion on the $49.5 billion investment in the carmaker. They had a 60% stake in the company at one point. GM shares closed up almost 2% on the news yesterday, closing at a record high of $40.90 for post-crisis GM. More news from the car company today: They plan to make Mary Barra their new CEO. She will be the first female CEO at the company and any of the Big Three U.S. automakers. Barra has been in charge of product development and quality at GM. The stock is up 40% year-to-date. The founder of yoga pants maker Lululemon (LULU), Dennis "Chip" Wilson, the man who recently came under fire for saying his pants were only for certain body types, announced he will step down as chairman of the company. Lululemon also announced that Laurent Potdevin, formerly of Tom's and Burton, will replace Christine Day as CEO. Day announced she would resign back in June. Lululemon shares are up close to a percent premarket. Meanwhile, Abercrombie & Fitch (ANF) renewed a contract with its CEO Michael Jeffries. This comes after Abercrombie investor Engaged Capital said the company should replace Jeffries or sell itself. Abercrombie shares were down more than 2% yesterday. Now a look at four hot stocks the Yahoo Finance team will be watching for you today. First up is AutoZone (AZO). The country's largest auto parts chain reported earnings of $6.29 beating estimates by a penny. AutoZone revenues rose 5.2% from last year to $2.05 billion when estimates were for $2.1 billion. AutoZone flourished during the country's economic slump mainly because people are owning their cars much longer than they used to. 11.4 years is the average age of a car in the U.S. right now and some experts believe that number could grow 20% by 2018. AutoZone is up more than 28% year to date. Next, Toll Brothers (TOL). The luxury home building company reported earnings this morning of $0.54 per share beating estimates of $0.43. It's significantly down from last year's $2.35, which the company says was due fewer tax-related adjustments. Revenue jumped 65%
- Hot Stock Minute1 day ago
Food mergers galore. Sysco Corp (SYY) saw a big boost to its stock today finishing up more than 9% after it was announced Monday it would be buying one of its biggest rivals, US Foods, for a reported $8.2 billion. Food packaging company WhiteWave Foods (WWAV) also made news by announcing it would be acquiring organic food's company Earthbound Farm for $600 million, though it didn't see quite the surge in shares as Sysco. WhiteWave Foods finished the day over 5%.
Another merger making waves is Covidien (COV) buying Israeli based camera-pill maker Given Imaging (GIVN) for a reported $860 million. The deal is expected to close by the end of March 2014. Given is having the stronger day by far, with shares jumping up more than 27% today. Covidien finished the day flat and is up over 31% so far this year.
- Hot Stock Minute2 days ago
According to reports, lawmakers and aides are confident Congress will get a budget deal done well before funding runs out January 15th. Do you buy it? How much do you trust the government to prevent another shutdown from happening again? Vote your thoughts below in the daily Hot Stock Minute Poll. Or write something in the comments section.
- Hot Stock Minute2 days ago
Here's a look at four stocks the Yahoo Finance team will be watching for you today. First up, McDonald's (MCD). The fast-food giant just released same store sales numbers for November which show it increased 0.5% globally. In the U.S. McDonald's saw sales decrease 0.8%. Sales results come after the stock saw close to 1.5% rise late last week. McDonald's has lagged the market this year, up about 7.5% in that time. Next, PVH Corp. (PVH), is expected to release earnings today. You might better recognize PVH as the owner of popular clothing companies, Calvin Klein, Izod and Tommy Hilfiger. The company is expected to post earnings of $2.24, a $.10 drop from a year ago. Though revenues are expected to rise 35% from a year ago to $2.22 billion. For the year, PVH shares are up over 16%. Now, Given Imaging (GIVN). The Israeli company known for making swallowable pill cameras will be bought for $30-a-share or roughly about $860 million by medical device maker Covidien PLC (COV). The companies announced the plans Sunday. According to Covidien, the deal is expected to close sometime in March. It has been a good year for both companies so far as each is above 30% for the year. Finally, Gilead Sciences (GILD). The drug maker got some great news over the weekend. The FDA has approved Sovaldi, a drug to help in the treatment of hepatitis C. Shares for Gilead are up over 41% year-to-date.