Credit Suisse Raises Price Target On Rite Aid
3:49p ET January 2, 2015 (Benzinga) Print
On Friday, Credit Suisse raised its price target on Rite Aid Corporation (NYSE: RAD) from $8 to $9 and maintained an Outperform rating following the company’s December sales results.
According to analyst Edward J. Kelly, “Rite Aid posted another period of solid sales in December, as the company beat expectations in both the front-end and pharmacy.
"Total comp growth of 5.3 percent exceeded our estimate of 4.1 percent and consensus of 4.5 percent. The front-end comp of 1.7 percent outpaced consensus of 1.2 percent and represents the strongest 2-year trend since last January," he added.
“Flu-related OTC helped and Wellness remodels are likely a tailwind whose impact could ramp over time as a higher proportion of the store base is remodeled. The pharmacy comp beat as well, as sales rose 7.3 percent vs. consensus of 6.3 percent, although generic impact markedly decelerated sequentially due to the lapping of Cymbalta. Script growth remained strong at 5.1 percent, also helped by flu-related scripts as well as Medicaid expansion,” according to Kelly.
The firm expected “better fiscal 2016 results as remodels drive better traffic, MCK benefits ramp, the generic wave picks up (especially with the eventual launch of Nexium), and overall industry script trends remain solid.”
Sentiment: Strong Buy
Tech Today: Intel to Apple’s Rescue? GrubHub Rising, GT Advanced Bonuses
By Tiernan Ray
Here are some things going on today in your world of tech:
Could Intel (INTC) be in a position to be Apple’s (AAPL) savior? That intriguing bit comes from Drexel Hamilton’s chip analyst Rick Whittington, from a note on Micron. In passing, Whittington notes problems had by Taiwan Semiconductor (TSM) and Samsung Electronics (005930KS) trying to produce 3-D transistors.
Intel has mastered 3-D transistors, and so, writes Whittington “btw, very good for Intel if neither Samsung or TSM can do FinFET this next year; puts them in line to supply Apple’s internal foundry needs; more likely TSM/Samsung operate FinFET under very low yield output, keeping capacity tight.”
Published on Tue, 12/30/2014 - 12:20
By Mallory Stone in Fast Lane, CVS, rad, WAG, cvs caremark, highest future earnings growth, nyse:cvs, nyse:rad, nyse:wag, rite aid, walgreen
Below are the three companies in the Drug Retail industry with the highest future earnings growth. The growth of earnings per share (next fiscal year estimated vs. current fiscal year estimated) is important to gauge future profitability and relative value. Higher EPS growth generally justifies higher earnings multiples.
Rite Aid (NYSE:RAD) is highest with future earnings growth of 32.2%. Rite Aid Corporation operates a retail drugstore chain in various states and the District of Columbia. The Company's stores sell prescription drugs, as well as other products such as nonprescription medications, health and beauty aids, and cosmetics.
Rite Aid (NYSE:RAD) is currently priced 10.0% above its average consensus analyst price target of $6.78. The stock should discover initial support at its 200-day moving average (MA) of $6.46 and subsequent support at its 50-day MA of $5.64.
Walgreen (NYSE:WAG) is next with future earnings growth of 26.6%.
Finishing up the top three is CVS Caremark (NYSE:CVS), with future earnings growth of 14.4%.
3. Intel (INTC) – Again a holdover, Intel's decision by management to increase dividends to shareholders is a good move and this trend should continue into the future. The company's world's first ever 14nm process is a definite game changer as the core M (fifth-generation processors) has been able to achieve fan-less operation.
11:53a ET December 19, 2014 (Benzinga) Print
Sales growth in the semiconductor industry will slow down next year by roughly a third but still expand by nearly 7 percent, an analyst said Friday.
The sector's low stock-price correlation to oil volatility, along with buybacks and dividends supported by strong cash flow, will help provide ongoing attraction to investors, Bank of America's Vivek Arya said.
In a wide-ranging sector review, Arya maintained a generally bullish outlook but warned that 2015 returns from the group will be lower than the average of 26 percent seen during the past year.
Moreover, market volatility in the sector will increase, driven by factors like a slowdown at Apple, swings in the energy market and an increasing imbalance between U.S. and foreign growth rates.
Certain stocks will get driven higher by a continued consolidation trend among the roughly 140 companies in the industry, as interest rates remain low and investors demand increasing scale to justify hefty research and development costs.
Related Link: Qualcomm Bucks Short Interest Trend In Semiconductor Stocks
Arya's six continued favorite stocks are heavily exposed to growth in either consumer markets, in cloud data centers or the automotive industry.
Among best bets related to mobile data, Arya cites Avago Technologies Ltd (NASDAQ: AVGO), Skyworks Solutions Inc (NASDAQ: SWKS) and RF Micro Devices, Inc. (NASDAQ: RFMD).
Top pick with data center exposure: Intel Corporation (NASDAQ: INTC), while for mobile transaction, chip-card security and automotives, Arya likes NXP Semiconductors NV (NASDAQ: NXPI).
For strong capital returns and consistent results, Arya cited Texas Instruments Incorporated (NASDAQ: TXN).
On his long list of stocks, Arya downgraded five, citing a lack of catalysts to drive their prices higher.
Downgrades to Underperform, from Neutral, included Maxim Integrated Products Inc. (NASDAQ:
Merrill Lynch has a Buy rating and gave its 2015 outlook for each of the following stocks:
Intel Corp. (NYSE: INTC) fits into this stock mix in the data center segment. Merrill Lynch has a price objective of $43, which implies an upside of 19% from Wednesday’s closing price, against a consensus analyst price target of $35.65. Shares were down less than 1% at $36.93 in the first hour of trading Friday, in a 52-week range of $23.50 to $37.90.
Read more: Merrill Lynch's Top Semiconductor Stock Picks for 2015 Include Intel (NASDAQ: INTC), RF Micro Devices (NASDAQ: RFMD), Texas Instruments (NASDAQ: TXN) - 24/7 Wall St.
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it started with a 12 million likely short. The fall is dramatically out of line with the rest of the markets and the semis etc. No news as yet, but their coukld be a Goldman or some other skeleton waitting to go "Boo"...
Don't underestimate his appeal to wannabe geek, nerds etc...
Sentiment: Strong Buy
Every thread has a jerk like him. For the most part he is amusing. There are stupid posters as well. I am beginning to think people like apology are fabricated by Yahoo to keep the boards getting hits. If they didn't care so much about getting "hits" they wouldn't allow so much spam.
They are busy decapitating children. Odd you would ask such a question in light of the recent horror.
INTEL already invested in Chinese companies. I believe they are on the inside. China = INTEL INSIDE.
Sentiment: Strong Buy
You are correct that there is options pressure to the downside hear. I also remember options pressure to the up side didn't help on the way down. I suppose if we knew we would all be winners. lol
I think the recent fall after the rise when they preannounced they would b numbers leaves some buying anticipation prior to earnings release. I also expect some large brokerages to upgrade or raise estimates soon,
Intel may have missed the boat on mobile, but it's making up for lost ground in this massive new market.
By Louis Navellier, Editor, Blue Chip Growth | Dec 18, 2014, 10:10 am EST
Good Article....look it up.
it didn't help, maybe hye should change that.
coincidence that the server articles and the Morgan Stanley reiteration of underweight came out at the same time. Morgan is allegedly Bullish of INTEL's server cycle....however they price it at 30.
Intel Receives AA Credit Rating (INTC)
December 16th, 2014 - 0 comments - Filed Under - by John Miller
Intel logoIntel (NASDAQ:INTC) has received an “AA” credit rating from Morningstar. The investment research firm’s “AA” rating indicates that the company is a very-low default risk. They also gave their stock a one star rating.
Other equities research analysts have also recently issued reports about the stock. Analysts at S&P Equity Research reiterated a “buy” rating on shares of Intel in a research note on Friday, November 21st. Separately, analysts at MKM Partners raised their price target on shares of Intel from $36.00 to $40.00 in a research note on Friday, November 21st. They now have a “neutral” rating on the stock. Finally, analysts at Topeka Capital Markets raised their price target on shares of Intel from $38.00 to $40.00 in a research note on Friday, November 21st. They now have a “buy” rating on the stock. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $35.66.
Intel (NASDAQ:INTC) opened at 35.92 on Tuesday. Intel has a 1-year low of $23.50 and a 1-year high of $37.90. The stock has a 50-day moving average of $35.23 and a 200-day moving average of $33.31. The company has a market cap of $173.7 billion and a P/E ratio of 17.10. Intel also was the recipient of a significant decline in short interest during the month of November. As of November 28th, there was short interest totalling 164,753,317 shares, a decline of 9.2% from the November 14th total of 181,455,092 shares. Approximately 3.4% of the shares of the company are short sold. Based on an average daily trading volume, of 32,665,956 shares, the days-to-cover ratio is presently 5.0 days.
Intel (NASDAQ:INTC) last announced its earnings results on Tuesday, Oct