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Financial News from Barrons.com

  • Right now, a short-term moving average system called a "bowtie" identifies which sectors are holding up best, making them top candidates to buy if the market decides to build on this week's bullish turnaround. Dave Landry, a full-time trader and proprietor of the analysis site DaveLandry.com, developed the bowtie system …

  • Coal prices have plummeted thanks to a convergence of global forces. In the second-largest market, the U.S., the shale gas revolution has made natural gas a cheaper alternative, even as the growth in demand for electricity moderates. Exports of U.S. metallurgical coal, used to produce steel, are unlikely to improve this …

  • Want some solid evidence that the overall stock market is not in bubble territory? Case in point is a fresh Bloomberg piece by Barry Ritholtz, the investor advisor and popular financial blogger.

  • Shares of Intel (INTC) continue to ride last night's penny-per-share profit beat in its Q1 report, closing up 16 cents, or 0.6%, at $26.93, and the stock today got a bunch of price target increases, though analysts debated the likelihood of a payoff from the company's mobile and communications chip business, which hemorrhaged …

  • Kansas City Climbs 2.5% On Q1 Beat @ Barrons.com - 7 hours ago

    Kansas City Southern (KSU) was up 2.5% in after hours trading after reporting better-than-expected first-quarter earnings. Kansas City has had a difficult run, falling more than 4% in the past year.

  • Capital One Financial  (COF) edged upward 0.1% after the bell on a mixed first-quarter earnings report. The company said it earned $1.96 a share, 26 cents ahead of the Street's expectations of $1.70. However, ...

  • Flash memory chip maker SanDisk (SNDK) this afternoon reported Q1 revenue and profit per share that beat analysts' expectations. Gross margin came in at 49.7%, up from 49.6% in the prior quarter and 39.6% a year earlier, on a GAAP basis. On a non-GAAP basis, gross margin was 51.2%, up from 40.5% a year earlier and 50.9% …

  • American Express (AXP) was slipping 0.5% in after hours trading, following a mixed first quarter. The company said it earned $1.33 a share on revenue of $8.2 billion. Analysts were looking for $1.30 a ...

  • International Business Machines (IBM) this afternoon reported Q1 revenue that missed analysts' expectations, and profit per share that was in line with consensus. CEO Ginni Rometty remarked that the company "continued to take actions to transform parts of the business and to shift aggressively to our strategic growth areas …

  • Google (GOOGL) this afternoon reported Q1 revenue and profit per share that missed analysts' expectations. Revenue in the three months ended in March rose to $12.22 billion, yielding EPS of $6.27, when ...

  • The Street has begun a steady stream of earnings previews in the last week or so for Apple (AAPL), which reports fiscal Q2 a week from today, April 23rd. In addition to Pacific Crest's Andy Hargreaves, who wrote today the company could beat when it reports, Bernstein Research's Toni Sacconaghi opines that there is "more …

  • Gold for June delivery gained 0.3%, to settle at $1,303.50 after declining in earlier trading. The metal benefited, albeit marginally, from remarks by Federal Reserve Chairwoman Janet Yellen, who reiterated ...

  • Internet stocks have sold off an average of 24% from their recent highs, creating some buying opportunities in front of earnings. Our favorite near-term buys are Amazon.com (AMZN), HomeAway (AWAY) and ChannelAdvisor (ECOM). Since early March, the Nasdaq has fallen 7% while Internet stocks have fallen 24% on average.  …

  • Lincoln National (LNC) was rising on Wednesday following an upgrade from Barclays. Analyst Jay Gelb and his team took the stock to Overweight and increased their price target by $4 to $59. They write that the move comes as their confidence has increased in Lincoln's ability to generate strong earnings growth and a 12% …

  • [$$] Goldman: Buy Amazon @ Barrons.com - 10 hours ago

    Goldman Sachs is so bullish on Amazon.com that it is telling clients to buy Amazon's (AMZN) bullish calls in anticipation the stock surges in reaction to the release of first-quarter earnings on April 24. With the stock at $316.80, Goldman is advising clients to buy the May $320 call for $14.70. Goldman's conviction on …

  • Shares of Yahoo! (YHOO) are up $2.14, or 6%, at $36.35, holding onto most of last night's after-hours gains, after the company beat revenue and earnings per share expectations for Q1, and forecast revenue this quarter in line with expectations, and disclosed a revenue increase for Alibaba Group Holding, in which it has …

  • [$$] Twitter Uncaged and Engaged @ Barrons.com - 11 hours ago

    Twitter (TWTR:NYSE) By Sterne, Agee & Leach ($45.52, April 16, 2014) We are upgrading Twitter to Neutral from Underperform as the risk-reward appears more balanced. Our Underperform rating on Twitter (TWTR) was predicated on three key factors: 1) slowing user growth;

  • Pacific Crest's Andy Hargreaves today reiterates an Outperform rating on shares of Apple (AAPL), and a $635 price target, in advance of the company's fiscal Q2 report a week from today, April 23rd.  Hargreaves sees potential upside to consensus of $43.7 billion and $10.19 per share in net income, instead projecting $43.88 …

  • Credit Suisse started their coverage on China's Internet auto websites today, giving Bitauto (BITA) a Buy rating with $46 price target and Autohome (ATHM) a Neutral rating with $36 price target. China's Internet auto websites are in an earlier development stage than say real estate or travel, says Credit Suisse.

  • Stocks were rising just before noon, on track for a third day of gains. The Dow Jones Industrial Average was up 110 points or 0.7% to 16373, while the S&P 500 and Nasdaq, were both rising 0.7% as well. ...

  • Aside from earnings from BofA and beats from both Charles Schwab (SCHW) and Citi, banks and credit card companies reported March credit summaries on Tuesday. Overall, net charge offs increased month-over-month at most institutions, including Capital One Financial (COF), Bank of America (BAC) J.P. Morgan (JPM), and Citigroup …

  • Here are some things going on this morning in your world of tech:  Shares of Yahoo! (YHOO) are up $1.90, or almost 6%, at $36.09, holding onto most of last night's after-hours gains, after the company beat revenue and earnings per share expectations for Q1, and forecast revenue this quarter in line with expectations, and …

  • Brazil has had a rally following an opinion poll on March 27, which showed incumbent President Dilma Rousseff's approval rating fell 7 percentage points to 36%, the first time since last July's street protests. The iShares MSCI Brazil Capped ETF (EWZ) is up 8.6%. So what's the chance of Dilma losing a second term? First …

  • [$$] A Favorite in Electronics Manufacturing @ Barrons.com - 12 hours ago

    Electronics-manufacturing-services (EMS) stocks have shown mixed performance over the last three months with Flextronics International (FLEX) showing the strongest performance. In terms of recent trends, positively: 1) the monthly data points on world-wide semiconductor sales from the World Semiconductor Trade Statistics …

  • PNC Financial Services (PNC) was climbing more than 1% in Wednesday morning trading as the bank's first-quarter earnings topped expectations. PNC reported earnings of $1.06 billion, or $1.82 per share, ...

  • Stocks looked to log three days of gains Wednesday, although indexes pared gains after downbeat housing data. Home starts rose 2.8% to a seasonally adjusted annual rate of 946,000 in March, the Commerce ...

  • A day after Google (GOOG) launched a one-day Google Glass sale and a rival analyst lowered his price target for Taiwan-based display manufacturer Himax Technologies (HIMX), Chardan Capital Markets analyst Jay Srivatsa chimed in too, lowering his price target from $12 to $9, while maintaining a Neutral rating. Himax closed …

  • [$$] A Sterling Stock to Own @ Barrons.com - 17 hours ago

    Slowly but surely, consolidation has been spreading among small banks. As low interest rates and a more costly regulatory environment pressure the industry, many small banks are partnering up. Take Montebello, N.Y.-based Sterling Bancorp (STL), the product of a $344 million merger-of-equals between Provident New York …

  • [$$] Fusion-io Resets for Q3 @ Barrons.com - 18 hours ago

    Fusion-io (FIO: NYSE) By Credit Suisse ($9.22, April 15, 2014) After a strategic reset, Fusion-io is set to return to growth in the fiscal third quarter. While visibility continues to remain low, Fusion-io ...

  • Following a Q1 report Tuesday afternoon from Intel (INTC) that were in-line on the revenue side and a penny better on the bottom line, and a forecast for quarterly revenue slightly higher than expected and full-year revenue lower than consensus, the company's CEO Brian Krzanich and CFO Stacy Smith held a conference call …

  • [$$] Icahn Enterprises Looks Undervalued Once Again @ Barrons.com - Tue, Apr 15, 2014 9:34 PM EDT

    It may be time to invest with Carl Icahn. Units of Icahn Enterprises (IEP), the limited partnership controlled and run by the billionaire, have been hammered lately. The best way to value the company is through what Icahn Enterprises calls its "indicative net asset value," which is based on the value of its investments …

  • Yahoo! Surges 10%: Q1 Rev, EPS Beat; Alibaba Revenue Surged 66% @ Barrons.com - Tue, Apr 15, 2014 4:38 PM EDT

    Yahoo! (YHOO) this afternoon reported Q1 revenue and earnings per share that topped analysts' consensus. In an accompanying deck of slides, Yahoo! said revenue from Alibaba Group Holding, in which Yahoo! holds a 24% stake, saw sales rise 66% in the December quarter, to $1.84 billion, producing a 110% increase in net income …

  • Intel (INTC) this afternoon reported Q1 revenue in line with analysts' estimates and earnings per share that beat by a penny. Gross margin was 59.7%. Intel reported new segment revenue for the first time this quarter, as announced a week ago, consisting of six groups: Operating profit from the groups was as follows: …

  • CSX Chugs Ahead After Q1 Beat @ Barrons.com - Tue, Apr 15, 2014 4:20 PM EDT

    CSX (CSX) was on the rise in after-hours trading, following the railroad's better-than-expected first-quarter earnings. After the bell, CSX reported a profit of $398 million, or 40 cents a share, down ...

  • [$$] J&J's First-Quarter Impresses; No Side Effects @ Barrons.com - Tue, Apr 15, 2014 4:05 PM EDT

    Early Tuesday, J&J (JNJ), which sells everything from prescription drugs and artificial knee joints to Band-Aids and mouthwash, announced first-quarter financial results that bested Wall Street's expectations. Analyst polled by Thomson Reuters expected J&J to earn $1.47 per share on revenue of $18 billion. But the focus …

  • Bizarro P/Es: Is Biotech's Price-to-Earnings Ratio 41, -209 or 25? @ Barrons.com - Tue, Apr 15, 2014 3:59 PM EDT

    The selloff in the biotechnology sector brings an arcane subject out into the open. How do you assign a price-to-earnings ratio to companies which have no earnings?  Besides highly profitable firms like Gilead Sciences (GILD) and Celgene (CELG), a bevy of biotech stocks are priced for a future of high sales and strong …

  • With the Q1 report from Intel (INTC) due this afternoon, after market close, the sell side today was sifting the tea leaves of chips for a sense of how the quarter played out. Despite all drawing from ...

  • As I mentioned earlier, the Street has been ramping up estimates for earnings for the March Q1 for Intel (INTC), which reports this afternoon, and for Advanced Micro Devices (AMD), which reports on Thursday. Bernstein Research's Stacy Rasgon reiterates Underperform ratings on both Intel and AMD, though he expresses a view …

  • Wal-Mart (WMT) was falling Tuesday afternoon, hurt in part by a downgrade at William Blair. Analysts Mark Miller and his team cut their rating on the stock to Underperform from Market Perform (in-line with their bearish rating on rival Target (TGT)). They write that their main concerns are Wal-Mart's size, which hampers …

  • Apple: Baird Forecasts FYQ2 Miss, But iPhone Demand Holding Firm @ Barrons.com - Tue, Apr 15, 2014 3:07 PM EDT

    Apple (AAPL) reports fiscal Q2 results a week from tomorrow, April 23rd, and the Street is tuning up its numbers for the call.  R.W. Baird's William Power today reiterates an Outperform rating on the shares, and a $600 price target, projecting revenue of $43.2 billion and EPS of $10.14, which is below the average estimate …

  • [$$] Three Stocks That Could Top Cisco @ Barrons.com - Tue, Apr 15, 2014 2:54 PM EDT

    Sterne, Agee & Leach Our discussions with national and regional value-added resellers continue to outline a transitional period for many of their customers away from traditional buying patterns and toward ...

  • [$$] Bank of America Stock Should Rally on Earnings @ Barrons.com - Tue, Apr 15, 2014 1:25 PM EDT

    Since he assumed leadership of Bank of America in January 2010, Brian Moynihan has developed a reputation with investors for doing what he says. In the options market, where investors wager today on what will happen tomorrow in the stock market, trading patterns indicate Bank of America (BAC) shares will rally on earnings. …

  • [$$] 6 Fast-Growing Stocks From Around the World @ Barrons.com - Tue, Apr 15, 2014 1:11 PM EDT

    They'll get no argument from portfolio manager Michael Kass, but he recommends a selective approach. Emerging-market indexes tend to be weighted toward banks, energy and materials sectors -- which are usually under state control and can be capital intensive -- while Kass sees opportunity in sectors driven by consumption, …

  • Piper Jaffray Raises Ctrip TP: Multiple Expansion; Bad Timing @ Barrons.com - Tue, Apr 15, 2014 1:04 PM EDT

    Chinese were traveling more than expected in January and February, according to Piper Jaffray analysts Michael J. Olson and Andrew D. Connor, who raised their price target for online travel agency ctrip.com ...

  • [$$] Rite Aid Shares Could Rise 15%-20% a Year @ Barrons.com - Tue, Apr 15, 2014 12:53 PM EDT

    Rite Aid (RAD:NYSE) By Guggenheim Securities ($7.10, April 15, 2014) We remain Buy-rated on Rite Aid and are raising our 2014 (year-end February 2015) and 2015 earnings before interest, taxes, depreciation and amortization estimates, and our price target to $8.50 from $2.25. Rite Aid (RAD) shares have been one of the …

  • [$$] Air Canada Can Soar 40% @ Barrons.com - Tue, Apr 15, 2014 12:36 PM EDT

    America's big air carriers have enjoyed rapidly ascending share prices as years-long efficiency efforts and a gradually improving economy are renewing investor confidence. And stock prices remain reasonable. ...

  • Coke Climbs As Q1 Results Surpassed Low Expectations @ Barrons.com - Tue, Apr 15, 2014 12:28 PM EDT

    Citigroup's Wendy Nicholson reiterated a Buy rating and $44 price target on the stock following the report: "KO faced its toughest YoY volume comp of the year in 1Q (to +4% in 1Q13), which had led most folks to expect 0%-1% overall volume growth in 1Q14. And, while this growth was driven entirely by the stills business, …

  • Shares of chip maker Qualcomm (QCOM) are up a penny at $79.15 after Credit Suisse's Kulbinder Garcha became became the latest individual to trumpet the company's strength in the baseband processor market.  ...

  • Shares of Google (GOOG) are down $7.43, or 1.4%,at $525.09, despite a positive note from Jefferies & Co.'s Brian Pitz, who this morning reiterated a Buy rating, and raised his price target to $700 from $650, after removing losses from the Motorola handset business from his spreadsheet, and writing that his survey of the …

  • China March Credit Growth Beat Consensus; Why Do Equities Slump? @ Barrons.com - Tue, Apr 15, 2014 12:04 PM EDT

    China's March credit growth data came in better than expected. New loans rebounded to 1.05 trillion yuan versus the consensus 1 trillion. Total social financing was 2.07 trillion yuan, higher than the ...

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