Apptio (Pending:APTI) – Recommendation – $21.75 PT
The quiet period for the Apptio IPO will expire on October 18, 2016. On October 19, 2016, the company’s underwriters will be able to make recommendations and release their detailed reports. It is likely that the share price of the company’s stock will get a healthy gain upon the release of the reports.
The lead underwriters for the IPO are Bank of America Merrill Lynch, J.P. Morgan Securities and powerhouse Goldman Sachs (NYSE:GS). The underwriters are Barclays Capital, Pacific Crest Securities, Jefferies LLC and RBC Capital Markets.
Business summary: Cloud-based technology business management provider
Apptio is a cloud-based technology business management provider that developed its own management system for CIOs so that IT leaders could have a system comparable to those available to the finance, human resources and sales functions of enterprises. This allows chief information officers to create efficiencies and to run their IT departments like businesses, helping the enterprises to remain competitive.
stock funds: VALE S.A.(VALE)
Advisors’ Opinion:
- [By Craig Jones]
On CNBC's Fast Money Halftime Report, Jon Najarian spoke about unusually high put options activity in Arconic Inc (NYSE: ARNC) and Vale SA (ADR) (NYSE: VALE).
- [By Ben Levisohn]
Mosaic (MOS) tumbled to the bottom of the S&P 500 today after announcing that it would buy Vale’s (VALE) fertilizer unit.
Getty Images
Mosaicdropped 1.1% to $27.77 today, while the S&P 500 advanced 0.2% to 2,262.53.
stock funds: lululemon athletica inc.(LULU)
Advisors’ Opinion:
- [By Diane Alter]
The Lululemon Athletica Inc. (LULU) stock price is surging today (Thursday) after upbeat earnings and news of a new stock buyback.
Shares of Lululemon Athletica Inc. (Nasdaq: LULU) soared 20% to $72.70 on heavy volume shortly after today’s opening bell.
- [By Peter Graham]
Athletic apparel stock Lululemon Athletica inc (NASDAQ: LULU) reported Q2 2017 earnings after the Thursday market close with results toppingexpectations as online sales surged 30% after an effort to beef up the eCommerce strategy plus the Company raised its outlook. Net revenuegrew 13% to$581.1 millionas total comparable sales increased 7% and comparable store sales increased 2%, or increased by 2% on a constant dollar basis. Direct to consumer net revenue increased 29%, or increased 30% on a constant dollar basis. During the quarter the Company held an online warehouse sale. Excluding the impact of this sale, direct to consumer net revenue increased 15%, or increased 16% on a constant dollar basis. Net income was $48.711 million versus net income of $53.625 million. The Company ended the second quarter of fiscal 2017 with $721.2 million in cash and cash equivalents compared to $535.3 million at the end of the second quarter of fiscal 2016. The CEO commented:
- [By Peter Graham]
The Q3 2016 earnings report forlarge cap technical athletic apparel stock Lululemon Athletica inc (NASDAQ: LULU) isscheduled forafter the marketcloses onWednesday (December 7th) as the company gets hit by analyst downgrades:
- [By Ben Levisohn]
Whatever you do, don’t blame the drop on weakness in sports apparel: Nike (NKE) dipped just 0.1% to $55.11, while Lululemon Athletica (LULU) declined 0.1% to $50.60.
- [By Chris Lange]
Lululemon Athletica Inc. (NASDAQ: LULU) reported fiscal third-quarter financial results after markets closed on Wednesday. Overall these results demonstrated continued momentum for this yoga apparel producer in 2016 and beyond. With the stock up already over 10% year to date, this number is practically doubling after this report. Also it helped that guidance was not only in-line with estimates but these numbers are now expecting new highs.
- [By Ben Levisohn]
Shares of Lululemon Athletica (LULU) are tumbling in after-hours trading today after the yoga-wear company missed fourth-quarter earnings estimates and offering disappointing guidance.
Joe Raedle/Getty Images
Lululemon reported a profit of $1.00 a share, missing forecasts for $1.01 a share, on sales of $789.9 million, which topped the Street consensus for $783.4 million. Lululemon said it would earning between 25 cents and 27 cents during the first quarter, below forecasts for 39 cents, and between $2.26 and $2.36 in 2017, below expectations for $2.56.
According to Avi Salzman of Barron’s Next, Lululemon blamed “an assortment lacking color” for the disappointing guidance.
Shares of Lululemon have tumbled 18% to $54.21 at 5:06 p.m. in after-hours trading today, after gaining 4.1% during regular market hours. Kudos to Macquaries Laurent Vasilescu, who offered 10 reasons to worry about Lululemon on Monday.
stock funds: United Natural Foods, Inc.(UNFI)
Advisors’ Opinion:
- [By Peter Graham]
Small cap natural andorganic foods stock United Natural Foods, Inc (NASDAQ: UNFI) reported fiscal Q4 2017 earnings after the Wednesday market close with shares closing up 5.29% after better-than-expected earnings results in a space thats facing deflation especially after the Amazon-Wholefoods deal was announced. Q4 net sales increased 5.7% to $2.34 billion as sales were positively impacted by the acquisitions of Haddon House Food Products, Inc. and Gourmet Guru, Inc (Due to the integration of these acquisitions, the financial impact of acquired businesses is no longer fully separable). Net income increased 12.1% to $38.9 million.
- [By Peter Graham]
The Q1 2017 earnings report for small cap natural andorganic foods stock United Natural Foods, Inc (NASDAQ: UNFI) is scheduled for after the market closes onWednesday (December 7th). Shares tend to move in tandeem with Whole Foods Market, Inc (NASDAQ: WFM) who accounts for more than 30% of sales and were falling in September on concerns about WFM’s weakness with Wolfe Research’s Scott Mushkin commenting:
- [By Peter Graham]
The Q2 2017 earnings report for small cap natural andorganic foods stock United Natural Foods, Inc (NASDAQ: UNFI) is scheduled for after the market closes onWednesday (March 8th). United Natural Foods shares will tend to move in tandem with Whole Foods Market, Inc (NASDAQ: WFM) who accounts for more than 30% of sales.
stock funds: Star Bulk Carriers Corp.(SBLK)
Advisors’ Opinion:
- [By Ben Levisohn]
StarBulk Carriers (SBLK) and Safe Bulkers (SB) have more than tripled during the past 12 months, while Golden Ocean Group (GOGL) has more than doubled. So it must be time for an upgrade right?
That’s exactly what Morgan Stanley did last night, when they upgraded StarBulk Carriers, Safe Bulkers, and Golden Ocean Group to Overweight from Equal Weight, while lifting arguing that the “recovery is still not priced in.” They explain:
These companies have young fleets, mostly larger vessels, low cost structures, high operational and financial leverage to repricing in the dry bulk segment, and ability to start paying dividends in YE2018. Dry bulk stocks have nearly doubled YoY, but are still cheap in historical terms, in our view. The group trades at the historical 100-110% EV/Fleet Value, discounting no further increases in vessel values that are still ~50% below the long-term historical averages, significantly lagging the recent move in charter rates. We still see significant upside as charter rates increase, vessel values normalize, and capital returns to the industry as the group’s overall market cap increases.
Shares of StarBulk Carriers have climbed 16% to $11.72 at 3:50 p.m. today, while Safe Bulkers has jumped 13% to $2.13, and Golden Ocean Group has gained 9.6% to $8.13.
Too bad I recommended buying Golar LNG (GLNG) and avoiding the dry-bulk shippers back in November.
- [By Roberto Pedone]
Star Bulk Carriers (SBLK) provides worldwide transportation of drybulk commodities through its vessel-owning subsidiaries for a range of customers and minor bulk cargoes including iron ore, coal, grain, cement and fertilizer. This stock closed up 7.9% at $10.58 in Monday’s trading session.
Monday’s Volume: 243,000
Three-Month Average Volume: 64,367
Volume % Change: 228%
From a technical perspective, SBLK jumped sharply higher here right above some near-term support at $9.47 with above-average volume. This stock has been uptrending strong for the last two months and change, with shares moving higher from its low of $5.37 to its recent high of $11.53. During that move, shares of SBLK have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of SBLK within range of triggering a near-term breakout trade. That trade will hit if SBLK manages to take out its 52-week high at $11.53 and then once it clears some past resistance at $11.98 with high volume.
Traders should now look for long-biased trades in SBLK as long as it’s trending above near-term support at $9.47 and then once it sustains a move or close above those breakout levels with volume that hits near or above 64,367 shares. If that breakout triggers soon, then SBLK will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are its next major overhead resistance levels at $14 to $15.
- [By James E. Brumley]
When most investors think of potential competitive threats to drybulk shippers like Star Bulk Carriers Corp. (NASDAQ:SBLK) or Euroseas Ltd. (NASDAQ:ESEA), Double Crown Resources Inc (OTCMKTS:DDCC) doesn’t come to mind. Indeed, DDCC doesn’t come to mind for many investors at all, as for all intents and purposes the company it is today didn’t exist until a few months ago. Age, however, has nothing to do with how disruptive it could prove to be for the likes of Euroseas or Star Bulk Carriers. Its underlying idea is brilliant, and it’s only a matter of time before it catches on within the commodity-transportation community.
What if there was a way to remove all the risks and hassle of shipping things like pellets or beans or salt – normally delivered in drybulk vessels – but still utilize all the flexibility of intermodal containers (the big 20-foot boxes that fit on a truck and a train and on top of the deck of a boat)? There is. It’s called Translock2 (Translock Squared). It was designed by Double Crown Resources, and it’s going to revolutionize the way many material companies deliver their goods.
The nearby image is a Translock2 container. It should look familiar – it’s essentially an intermodal container in terms of size and shape, but mechanically is a delivery and dispensing platform for drybulk goods. The design allows commodities like sand or livestock feed to be moved with all the flexibility of intermodal transportation, but without any of the headache of aggregating and splitting up those goods to get them properly shipped to their final destination. With Translock2, drybulk purchases are packaged up by the seller at the supply source, and then delivered — just as ordered — all the way to the buyer’s site in the container. No material is lost en route, and no distributor or middleman needs to bother splitting up one large order into smaller ones.
Its development is worth noting, as it explicitly circumvents the need for drybulk ves
stock funds: Core-Mark Holding Company Inc.(CORE)
Advisors’ Opinion:
- [By Monica Gerson]
Core-Mark Holding Company, Inc. (NASDAQ: CORE) is projected to report its quarterly earnings at $0.27 per share on revenue of $2.92 billion.
Albemarle Corporation (NYSE: ALB) is estimated to post its quarterly earnings at $0.86 per share on revenue of $814.80 million.
- [By Lisa Levin]
Tuesday afternoon, the non-cyclical consumer goods & services sector proved to be a source of strength for the market. Leading the sector was strength from GNC Holdings Inc (NYSE: GNC) and Core-Mark Holding Company, Inc. (NASDAQ: CORE).
stock funds: Mitcham Industries Inc.(MIND)
Advisors’ Opinion:
- [By Monica Gerson]
Mitcham Industries, Inc. (NASDAQ: MIND) is projected to post a quarterly loss at $0.36 per share on revenue of $10.99 million.
Sinovac Biotech Ltd. (NASDAQ: SVA) is expected to post its quarterly earnings.
