Posts by Kathy Cherpelis

  • BlackBerry bruised; CarMax in the fast lane; Nike stumbles

    Kathy Cherpelis at Hot Stock Minute 1 day ago

    Corporate results topping our list of stocks to watch this morning. 

    BlackBerry (BBRY) shares were sharply lower in early trading. The struggling smartphone maker reported a surprise profit in the third quarter, but a big miss on revenue. Sales were down more than 33% from a year earlier. BlackBerry has been trying to regain market share by rolling out new devices over the past year. In September, it debuted its Passport smartphone and just this week, the Classic. 

    CarMax (KMX) shares were firing on all cylinders. The used car dealership chain posted third quarter earnings and revenue that raced past Wall Street expectations. Sales were up 16% from a year earlier as it benefited from strong same-store sales growth.

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  • Sony pulls plug on 'The Interview'; Oracle finally gets a lift from the cloud; Rite Aid soars

    Kathy Cherpelis at Hot Stock Minute 2 days ago

    Sony (SNE) tops our list of stocks to watch this morning. 

    The company's movie studio is pulling the plug on the planned Christmas release of "The Interview" after major theater chains abandoned plans to show the film amid terror threats. Meanwhile, U.S. officials reportedly concluded that North Korean government was involved in the hacking of Sony's corporate computer systems. Shares of Sony were higher on the news in early trading

    Hertz (HTZ) shares jumped after billionaire investor Carl Icahn disclosed he raised his stake in the rental car company once again. Icahn's stake now stands at 11.3%

    Oracle (ORCL) rose ahead of the bell. The business software maker's earnings and revenue topped estimates for the first time this year thanks to growth in its cloud service business.

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  • FedEx fails to deliver; General Mills' mixed results; American Apparel back in vogue

    Kathy Cherpelis at Hot Stock Minute 3 days ago

    Earnings back in focus on Wall Street this morning.

    FedEx (FDX) shares fell in early trading. The giant shipping company reporting second quarter profit and revenue that fell short of analysts' estimates.  FedEx says while package volume in the U.S. increased, revenue per package dropped because of a lower fuel surcharge and lighter-weight deliveries.  The company is also reiterating its estimate of moderate growth over the next six months.

    Some mixed results from General Mills (GIS). The maker of Cheerios cereal and Betty Crocker cake mixes reporting earnings that beat Wall Street views, but revenue was slightly below forecasts. Sales fell 3.5% from a year earlier as it continues to struggle with weak demand in the U.S. and slowing growth in Europe and Canada.  Shares of General Mills were slightly higher on the news ahead of the bell.

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  • Boeing gains altitude; Coke fizzles; Talisman Energy soars on Repsol takeover

    Kathy Cherpelis at Hot Stock Minute 4 days ago

    Topping our list of stocks to watch this morning. 

    Boeing (BA) shares gained some altitude in early trading. The plane manufacturer is increasing its quarterly dividend by 25% and boosting its share buyback to $12 billion.

    Coca-Cola (KO) shares fell ahead of the bell. The world's biggest soft-drink maker said its profit growth for 2015 will be about the same as this year when adjusted for currency fluctuations.  The 4 to 5 percent increase is below the company's long term target.  In addition, a minority stakeholder is calling for CEO Muhtar Kent to be ousted.

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  • PetSmart jumps on buyout; Bob Evans CEO steps down; Apple e-book appeal

    Kathy Cherpelis at Hot Stock Minute 5 days ago

    The biggest private-equity deal so far this year tops our list of stocks to watch this morning. 

    PetSmart (PETM) shares jumped in early trading after the pet supplies retailer said it's being bought by an investor group led by BC Partners for more than $8 billion, or $83 dollars a share in cash.

    News of a potential deal in the energy sector.  Shares of Talisman Energy (TLM) were higher ahead of the bell after soaring 16% on Friday following a report in the Financial Times that Spanish-based Repsol is in talks to buy the company for up to $8 billion.

    Honeywell (HON) also in the spotlight this morning.  The industrial conglomerate slightly scaled back its sales outlook for this year and gave a cautious outlook for 2015 due to modest economic growth in most regions around the globe.

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  • SeaWorld CEO departure; GoPro jumps on upgrade; Adobe shares in the 'clouds'

    Kathy Cherpelis at Hot Stock Minute 8 days ago

    Some stocks on the move this morning. 

    Adobe Systems (ADBE) shares soared after the software maker known for Photoshop and Illustrator reported earnings and revenue that glided past analysts’ estimates thanks to strength in its internet cloud business. The company also said it will buy privately-held stock image and video company Fotolia for $800 million.

    It is smooth sailing for shares of SeaWorld (SEAS) after some rough times.The struggling theme park operator's chief executive is leaving early next year. The company also plans to cut jobs as part of its restructuring, but didn't say how many. SeaWorld has been battling weak attendance at its theme parks since the recession and controversy surrounding its treatment of killer whales.

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  • Staples and Office Depot soar; Lululemon expects weak holiday quarter; RadioShack still struggling to stay afloat

    Kathy Cherpelis at Hot Stock Minute 9 days ago

    The office retail space is on investors’ radar this morning.

    Staples (SPLS) and Office Depot (ODP) shares soared in early trading after the  Wall Street Journal reported that activist investor Starboard Value bought about a  6% stake in Staples and it also raised its holdings of rival Office Depot to 10%. The Journal says the move could put pressure on the office-supply retailers to merge.

    Lululemon (LULU) in the spotlight. The yoga gear chain said it expects sales in its holiday quarter to be weaker-than-expected due to West Coast port delays, a weak Canadian dollar and delayed store openings. This after the company reported earnings for the third quarter that topped analysts' estimates thanks to a big jump in sales online.  Revenue missed forecasts, but was up 10% from a year earlier.

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  • AutoZone races ahead; Tesla stalls; Verizon gets dropped

    Kathy Cherpelis at Hot Stock Minute 11 days ago

    Investors revved up shares of AutoZone (AZO) in early trading. The auto parts retailer reported earnings and revenue that raced past analysts' estimates.  Revenue rose 8% from a year earlier thanks in part to lower prices at the pump and as customers prepared their cars for the winter weather. 

    Tesla (TSLA) shares headed in reverse in the pre-market following yesterday's more than 4% slide.  The sinking price of oil-- and subsequent drop in prices at the pump-- apparently causing investors to become concerned about demand for fuel-efficient vehicles.  Shares of Tesla have lost a quarter of their value since they hit all-time highs in September.  During that same period, oil prices have dipped some 30% and gas prices are lower by more than 20%.

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  • Gap gets some holiday cheer; American Eagle and Five Below teen angst?

    Kathy Cherpelis at Hot Stock Minute 15 days ago

    Retailers continue to grab investors' attention this morning. 

    Gap (GPS) shares rose in early trading.  The clothing retailer starting off the holiday shopping season on a strong note.  Gap reported a surprise increase in monthly sales figures in November. Same-store sales rose a better-than-expected 6% thanks to a big jump in sales at its Old Navy stores.

    It's been a tough week for teen retailers, shares of American Eagle Outfitters (AEO) fell ahead of the bell. American Eagle is also not upbeat about its holiday quarter, just like its teen peers Abercrombie & Fitch (ANF) and Aeropostale (ARO); it’s struggling with intense competition from the so-called fast-fashion brands, such as H&M and weak demand for its clothing.  However, the teen retailer's third quarter earnings did manage to match estimates and revenue came in slightly ahead of forecasts.

  • Abercrombie results not so cool; Apple's new patent; Bob Evans lowers outlook

    Kathy Cherpelis at Hot Stock Minute 17 days ago

    < p>Earnings are back in focus this morning.

    Abercrombie & Fitch (ANF) shares turned higher in early trading after falling to their lowest level since 2009. The teen retailer slashed its earnings outlook for the year after posting disappointing third quarter results. Even though earnings per share beat by a penny, revenue missed expectations.  Sales fell nearly 12% from a year earlier as it continues to struggle with weak mall traffic, tepid demand and bigger discounts.

    Bob Evans Farms (BOBE) shares fell ahead the bell after the restaurant chain reported mixed quarterly results and lowered its full-year profit outlook. Earnings topped analysts' estimates but revenue came up short of expectations. The company also said it was working with advisory firms to improve its productivity and cost controls.

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