A woman tests a Samsung Galaxy S8 smartphone during a showcase to mark the domestic launch of Samsung Electronics’ latest flagship smartphone Galaxy S8 in Seoul on April 13, 2017. The S8 and S8+ will be available starting April 21, with a price of 935,000 won (828 USD) and 990,000 won (877 USD) in South Korea. (JUNG YEON-JE/AFP/Getty Images)
In the November 2016 edition of The Forbes Real Estate Investor I predicted that Donald Trump would win the Presidential election. I called it a “hail Mary” scenario, and I explained that “it must be a tactical Hail Mary pass targeted at the swing states.”
We all know now that the “Hail Mary” pass was perfectly orchestrated and the final score is now in the playbooks. (In full disclosure, I wrote a book on President Elect Trump called The Trump Factor: Unlocking the Secrets Behind the Trump Empire).
stock trends: 8point3 Energy Partners LP(CAFD)
- [By Shanthi Rexaline]
Wells Fargo Securities downgraded shares of 8Point3 Energy Partners LP (NASDAQ: CAFD) and lowered its price target on Thursday, citing growth/strategic concerns given future sponsorship uncertainties.
- [By Travis Hoium]
8point3 Energy Partners LP (NASDAQ:CAFD) and TerraForm Global Inc (NASDAQ:GLBL) were supposed to be two of the renewable energy industry’s leading yieldcos. 8point3 Energy Partners was supposed to be a way for First Solar and SunPower to fund solar projects in the U.S. and TerraForm Global was central to SunEdison’s growth plans abroad.
- [By Jim Swanson]
8Point3 Energy Partners LP (NASDAQ: CAFD), a joint venture formed by First Solar, Inc. (NASDAQ: FSLR) and SunPower Corporation (NASDAQ: SPWR), has significant “veiled risks” due to its high payout ratio, lack of debt controls and lack of growth, Axiom’s Gordon L. Johnson said in a report.
- [By Travis Hoium]
Don’t look now, but the demise of the solar yieldco industry may have been overstated. In the past six months, NextEra Energy Partners (NYSE:NEP), NRG Yield (NYSE:NYLD), and Pattern Energy Group (NASDAQ:PEGI) have all outperformed the market, and even the maligned 8point3 Energy Partners (NASDAQ:CAFD) has come close.
- [By Laurie Kulikowski]
We highlight CAFD as our top income oriented pick, a relatively safer, more conservatively-run company within our YieldCo coverage. The stock is yielding 7.5% on a FY16E DPS basis, and provides predictable income over the next several years, regardless of new projects beyond the initial portfolio. With two of the strongest companies in the solar industry serving as sponsors, enough liquidity on the balance sheet to fund growth-projects through mid-2016, and additional levers to pull in order to grow DPS if needed (e.g. payout ratio), we believe CAFD is undervalued.
- [By J.B. Maverick]
Recently added in January 2016 to the "strong buy" list at Zacks Investment Research, 8point3 Energy Partners LP (NASDAQ: CAFD) is a subsidiary firm with the support of major solar power companies SunPower and First Solar, and plenty of cash to fund 2016 growth projects. It should be well positioned to move forward in its business of acquiring and operating solar energy generation projects. In late January 2016, the stock is trading at $16.45, in the middle of its 52-week range of $10.26 to $21.15. The stock offers a dividend yield of 2.39%. It has been in a general uptrend since October 2015. Year to date in 2016, the stock is down 2.97%, which means it is weathering the market storm better than many other firms. With the backing of First Solar and SunPower, and a partnership agreement with Wells Fargo, 8point3 is in a stronger industry position than the majority of alternative energy companies.
stock trends: Travelzoo Inc.(TZOO)
- [By Casey Wilson]
Year to date, the company’s stock price has fallen over 42%. Meanwhile, its competitors’ share prices have increased during the same period. The Travelzoo Inc. (Nasdaq: TZOO) share price has gained 41% YTD, and Priceline Group Inc. (Nasdaq: PCLN) has gained over 19%.
stock trends: Adaptimmune Therapeutics plc(ADAP)
- [By Jon C. Ogg]
Adaptimmune Therapeutics PLC (NASDAQ: ADAP) was started with a Market Perform at Wells Fargo.
Aqua America Inc. (NYSE: WTR) was raised to Overweight from Equal Weight and the price target was raised to $36 from $33 (versus a $31.19 close) at Barclays.
stock trends: PNC Financial Services Group, Inc. (The)(PNC)
- [By Lisa Levin] Related WFC Why Bank ETFs Fell On Friday Despite Decent Earnings Phil's Stock World: Funtime Friday Earnings Season Starts Today Rising Book Values and Margins of Safety (GuruFocus)
Related C Earnings Preview: Financial Giants BAC, GS, And MS Report Q2 Results This Week Why Bank ETFs Fell On Friday Despite Decent Earnings Palo Capital, Inc. Buys Citigroup Inc, Schlumberger, NetApp Inc, Sells Citrix Systems Inc, … (GuruFocus) Companies Reporting Before The Bell
Wells Fargo & Co (NYSE: WFC) is estimated to report quarterly earnings at $1.02 per share on revenue of $22.51 billion.
Citigroup Inc (NYSE: C) is projected to report quarterly earnings at $1.26 per share on revenue of $17.71 billion.
JPMorgan Chase & Co. (NYSE: JPM) is expected to report quarterly earnings at $1.65 per share on revenue of $25.61 billion.
PNC Financial Services Group Inc (NYSE: PNC) is projected to report quarterly earnings at $2.02 per share on revenue of $4.00 billion.
First Republic Bank (NYSE: FRC) is estimated to report quarterly earnings at $1.1 per share on revenue of $675.70 million.
First Horizon National Corp (NYSE: FHN) is projected to report quarterly earnings at $0.28 per share on revenue of $337.89 million.
- [By Ben Levisohn]
We believe investors should continue to own three types of bank stocks: “Return of Capital (RC) Stocks”, “Risk On (RO) Stocks”, and “Multiple Revaluation (MR) Stocks.” RC stocks include M&T Bank (MTB), PNC Financial Services Group (PNC), and SunTrust Banks (STI); RO stocks include Bank of America, Popular (BPOP), Citigroup, JPMorgan, and KeyCorp (KEY); and MR stocks include BB&T (BBT) and PNC Financial Services Group (PNC).
- [By Teresa Rivas]
PNC Financial Services (PNC) ended the week on a down note, despite better-than-expected first-quarter earnings.
PNC said it earned $1.96 per share on revenue that climbed6% to $3.88 billion. Analysts were looking for earnings per share of $1.83 on $3.8 billion of revenue.
A couple of analysts notes about the quarter are trickling in.
Evercore ISI’s John Pancari reitearted an Outperform rating and $139 price target:
We came away from 1Q17 results with greater confidence in our constructive view on the shares, particularly as balance sheet growth strengthens, NIM upside materializes, operative leverage improves, and credit remains contained.
Raymond James’s Michael Rose reiterated a Market Perform rating on the stock:
Excluding a positive valuation adjustment, recognition of deferred issuance costs related to the redemption of all REIT preferred securities on March 15, and fair value adjustments related to Visa Class B shares, operating EPS was also $1.96. Stronger than forecast revenue (both net interest income and fee revenue), a lower than forecast loan loss provision, and a lower than modeled tax rate more than offset higher noninterest expenses versus our model. Excluding losses on the sales of securities and the impact of mortgage servicing rights (MSR) hedging activity, we peg core EPS at $1.95.
PNC closed down 0.2% to $115.80 on Thursday.
- [By WWW.THESTREET.COM]
Who is “the market” and how does it “want” to go down? Where’s the commandment that says stocks have to go lower? Who decides that today people who own stocks are by and large going to lose money? And why, of all things, does the market not want to go higher? Didn’t the CEO of the biggest bank, JPMorgan (JPM) , say things are great? Didn’t Wells Fargo (WFC) , after all of that scandal, still show some growth, a sign that it is putting the rough patch behind it? Didn’t Citigroup (C) have its best quarter in years? Wasn’t PNC Financial (PNC) even better, clear triumphs on every single line item? The word “perfect” comes to mind, as in Perfect National Corp. (Wells Fargo and Citigroup are part of TheStreet’s Action Alerts PLUS portfolio.)
stock trends: Grupo Aeroportuario Del Pacifico, S.A. de C.V.(PAC)
- [By Asit Sharma]
In its fourth-quarter 2016 earnings filed on Feb. 23, Grupo Aeroportuario del PacificoSAB de CV(NYSE:PAC)capped a year of growth across several important metrics. The Mexican airport operator, which abbreviates its name to GAP, reported increases in revenue, profits, and domestic and international passenger traffic.
stock trends: Winnebago Industries Inc.(WGO)
- [By Peter Graham]
Small cap motor home or RV stock Winnebago Industries (NYSE: WGO) reported fiscal Q4 2017 earnings before the market opened in Thursday with shares up in premarket trading on better than expected results and on a stock buyback program. Revenues for the fiscal Q4 ended August 26, 2017 increased72.8% to $454.9 million asrevenues for the Motorized segmentfell 4.4% to$226.2 million while revenues for the Towable segment rose $202.1 million to$228.7 million (driven by the addition of $193.4 million in revenue from the Grand Design acquisition and continued strong organic growth in Winnebago-branded Towable products, which increased 33% compared to last year).Q4 net incomeincreased 89.6% to$24.9 million.
- [By Peter Graham]
The Q1 2017 earnings report for small cap motor home or RV stock Winnebago Industries, Inc (NYSE: WGO) is scheduled for before the market opens onWednesday (October 21th). In 2014, Winnebago Industries was in our SmallCap Network Elite Opportunity (SCN EO) portfolioas we believed the company would benefit from lower gas pricesalong with aBaby Boomer generation whos recreational retirement spending will increase. OurSCN EO newsletter noting at the time:
- [By Peter Graham]
Small cap motor home or RV stock Winnebago Industries (NYSE: WGO) reported fiscal Q3 2017 earnings before the market opened this morning. Revenues increased 75.1% to $476.4 million as revenues for the Motorized segment fell 2% to$241.7 million and revenues for the Towable segment rose $209.3 million to $234.7 million driven by the addition of $196.9 million in revenue from the Grand Design acquisition (organic growth in Winnebago-branded Towable productswas up 49% compared to last year).Net income increased 34.3% to$19.4 million. The CEO commented:
- [By Dan Caplinger]
Friday was a good day on Wall Street, as the stock market responded favorably to encouraging news on the employment front. The U.S. unemployment rate dropped on fairly strong job creation during the month of February, and that helped push the Dow, S&P 500, and Nasdaq Composite to modest gains of roughly between a quarter percent and a half percent. Yet even with a positive mood among market participants, some stocks weren’t able to participate in the end-of-week rally. Finisar (NASDAQ:FNSR), Zumiez (NASDAQ:ZUMZ), and Winnebago Industries (NYSE:WGO) were among the worst performers on the day. Below, we’ll look more closely at these stocks to tell you why they did so poorly.