Editors’ pick: Originally published Nov. 18.
For many of us, a vacation on a sun drenched beach during the harshest months of winter is a true slice of paradise. All that’s required is a good book, an unobstructed view of turquoise water and perhaps a cool drink with a tiny umbrella in it.
Are you with me on this?
But for the planet’s wealthiest citizens, that’s the approach of peasants, commoners, the rank and file who don’t truly know how to live.
For the one-percenters, Caribbean getaways are about far more then flip flops and sunshine. Instead, think lavish, sprawling villas with oodles of onsite amenities, enough rooms to accommodate one dozen or more of your closest friends and a bevy of staff to address every desire from sunup until sundown – and you’re getting the picture.
stock forum: Shoe Carnival, Inc.(SCVL)
Advisors’ Opinion:
- [By Lisa Levin]
Shoe Carnival, Inc. (NASDAQ: SCVL) was down, falling around 13 percent to $26.45 after the company reported weak earnings for its third quarter and lowered its annual outlook.
- [By Lisa Levin]
Shares of Shoe Carnival, Inc. (NASDAQ: SCVL) got a boost, shooting up 29 percent to $26.65 after the company reported better-than-expected results for its third quarter.
- [By Lisa Levin]
On Friday, the cyclical consumer goods & services sector proved to be a source of strength for the market. Leading the sector was strength from Abercrombie & Fitch Co. (NYSE: ANF) and Shoe Carnival, Inc. (NASDAQ: SCVL).
stock forum: L Brands, Inc.(LB)
Advisors’ Opinion:
- [By Benzinga News Desk]
In the parched terrain just south of the United States border, the prices of food and other necessities follow the dollar, whose value has been climbing: Link
ECONOMIC DATA
Industrial Production (MoM) for Feb 0.00% vs 0.20% consensus estimate; Manufacturing Outputs (MoM) for Feb 0.50% vs 0.40% consensus estimate.
The University of Michigan's consumer sentiment index for March is schedule for release at 10:00 a.m. ET.
The index of leading economic indicators for February will be released at 10:00 a.m. ET.
The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.
ANALYST RATINGS
Wunderlich upgraded Adobe Systems (NASDAQ: ADBE) from Hold to Buy
FBR Capital upgraded L Brands (NYSE: LB) from Market Perform to Outperform
Morgan Stanley upgraded Dean Foods (NYSE: DF) from Neutral to Overweight
Baird downgraded Patheon (NYSE: PTHN) from Outperform to Neutral
Citigroup downgraded SeaWorld Entertainment Inc (NYSE: SEAS) from Neutral to Sell
Goldman Sachs downgraded Macerich (NYSE: MAC) from Neutral to Sell
This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here or email minutes@benzinga.com.
- [By Chris Lange]
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Thursday was L Brands, Inc. (NYSE: LB) which jumped about 11% to $47.85. The stocks 52-week range is $43.04 to $87.16. Volume was 13.9 million which is above the daily average of around 4.2 million shares.
- [By WWW.THESTREET.COM]
The next market worry is retail, with shares of Macy’s (M) falling over 14%, Kohl’s (KSS) down 19% and L Brands (LB) sinking more than 7%.
Cramer said the good news is that money is not leaving the stock market, it’s simply moving from the new winners back to the old winners, stocks like Facebook (FB) and Apple (AAPL) , two Action Alerts PLUS holdings.
- [By Teresa Rivas]
L Brands (LB) ended at the bottom of the S&P 500 on Thursday, after disappointing guidance overshadowed better-than-expected earnings.
L Brands slid $9.19, or 15.8%, to $48.94, its lowest close since 2013. By contrast, the S&P 500 gained 0.99 points, or 0.04%, today to 2363.81.
Oppenheimers Anna Andreeva and Samantha Lanman reiterated an Outperform rating and $75 price target on the stock, but admit that the magnitude of L Brands downward forecast was disappointing, even with weak industry trends signaled by peers like Wal-Mart (WMT), Macys (M), and TJX Cos. (TJX).
While they still are bullish, they admit that the bottom isnt clear:
In the last 5 years, LB’s multiple averaged in high-teens given quality of brands/management, with 13-14x trough not seen since early ’13valuation could still compress assuming guidance isn’t conservative enough. Sticking with Outperform for now, albeit near-term visibility is worsening.
L Brands is down 25% this year.
- [By Paul Ausick]
L Brands Inc. (NYSE: LB) also dropped about 2.6% on Friday to record a new 52-week low of $56.01. The stock closed at $57.48 on Thursday. Volume was about 33% above the daily average of around 2.5 million shares. Wednesday’s report that ecommerce giant Amazon.com is considering competing with the company’s Victoria’s Secret stores has caused some investors to seek greener pastures.
- [By Ben Levisohn]
L Brands (LB) soared to the top of the S&P 500 today after the parent company of Victoria’s Secret reported a 10% drop in same-store sales.
Agence France-Presse/Getty Images
L Brands surged 11% to $47.85 today, while the S&P 500 rose 0.2% to2,357.49. And while L Brands was the best performer, retailers made up half of the 10 best performing stocks in the benchmark today: Nordstrom (JWN) advanced 2.9% to $44.71, Gap (GPS) jumped 5.1% to $24.06, Kohl’s (KSS) climbed 5.6% to $39.60, andBed Bath & Beyond (BBBY), which reported earnings last night, gained 3.4% to $39.08.
RBC analystsBrian Tunick andKate Fitzsimons attributed L Brand’s big move to a short squeeze. They explain:
Bottom line, with the stock recently hitting a 52 week low yesterday, the 10% squeeze were seeing in the shares is likely reflective of the better-than-feared trade rather than long-only buyers stepping in. The reality is that LBs fundamentals are still challenged (down 10% comps are nothing to throw a party for), with the overhang on LB shares related to how much of the damage is self-inflicted (7% category exit headwind called out this month) vs. a tough mall traffic environment. Net/net, we remain neutral on LB shares given the lack of top line visibility as LB executes these category exits, with April and 2Q17s merch margin commentary ones to watch for signals that weve rounded the bottom.
L Brands’ market capitalization rose to $13.6 billion today from $12.3 billion yesterday. It reported net income of $1.2 billion on sales of $12.6 billion in fiscal 2017.
stock forum: Salesforce.com Inc(CRM)
Advisors’ Opinion:
- [By Chris Lange]
Salesforce.com Inc. (NYSE: CRM) fiscal third-quarter results also are scheduled for Tuesday. The consensus forecast is $0.37 in EPS on $2.65 billion in revenue. Shares were last seen at $107.58. The consensus price target is $115.20. The 52-week range is $66.43 to $107.85.
- [By Douglas A. McIntyre]
By Douglas A. McIntyre
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- [By WWW.THESTREET.COM]
In his “No-Huddle Offense” segment, Cramer said there was no blaming the macro picture during the conference call of Salesforce.com (CRM) , nor Nvidia (NDVA) or Netflix (NFLX) , or even Children’s Place.
- [By Leo Sun]
Twilio (NYSE:TWLO) recently hired George Hu as its new COO. Hu spent 12 years at Salesforce (NYSE:CRM), and served as its COO for his final three years between 2011 and2014. That big hire fills the void left after the departure of Roy Ng, who resigned as Twilio’s COO last December.
stock forum: Palo Alto Networks, Inc.(PANW)
Advisors’ Opinion:
- [By WWW.THESTREET.COM]
On Monday, Cramer said, he’ll be looking out for Tyson Foods (TSN) , Jack in the Box (JACK) and Palo Alto Networks (PANW) . Tyson is good, but out of favor, Cramer said while remaining bullish on Jack and Palo Alto.
- [By Peter Graham]
This can’t be good for a lot of those smaller less proven cyber security firms out there, including high profile names over the last few years like Palo Alto Networks (PANW), who got pummeled back in March on soft numbers.
- [By Leo Sun]
Last November, I compared Palo Alto Networks (NYSE:PANW) with FireEye (NASDAQ:FEYE) to see which one was the better play on the growing cybersecurity market. I concluded that FireEye was a slightly better pick than Palo Alto, due to its cost-cutting measures, lower valuation, and takeover potential.
- [By Harsh Chauhan]
Palo Alto Networks (NYSE:PANW) stock has rallied about 5% in May (as of this writing), thanks to fellow cybersecurity specialist FireEye’s robust first-quarter results. It appears that FireEye’s impressive full-year guidance helped to trigger a rally for Palo Alto before major cybersecurity attacks across the world lifted shares for the entire industry. All of this activity must come as a sigh of relief for Palo Alto investors after the stock sank over 20% in a single day following disappointing second-quarter results and weak guidance.
- [By Peter Graham]
A long term performance chart shows Barracuda Networks peaking in 2015 before drifting into underperformance and then back up againwhile mid cap Fortinet Inc (NASDAQ: FTNT) and large cap Palo Alto Networks Inc (NYSE: PANW) also peaked in 2015 and bounced back a bit last year:
