Shares of Under Armour (UAA) have tumbled nearly 60% during the past 12 months as the once high-flying company slashed its expected growth rate. Under Armour is scheduled to report earnings tomorrow, however, and some investors are betting that the release will help turn things around for the company’s stock.
Jeff Schear/Getty Images for Under Armour
Don’t get your hopes up, write Canaccord Genuity analysts Camilo Lyon and Pallav Saini, who contend this won’t be the quarter Under Armour turns things around. They explain why:
The trifecta of headwinds that plagued UA last year (overexposure to sporting goods, overexposure to NA, and overexposure to performance apparel) has not abated, in our opinion. While UA is working to diversify its channel mix as evidenced by its recent entry into Kohl’s (KSS) (and forthcoming entry into DSW (DSW) and Famous Footwear later this year), our checks suggest the apparel segmentation efforts have fallen short of expectations. In addition, we are concerned about the lackluster trends in footwear (and Curry) as it is a key element to the growth story. Specifically, we believe the combination of a lack of newness/differentiation in the Curry 3 coupled with too many releases too soon at a higher price point ($140) resulted in tepid Q1 sales. The latest Curry 3Zero release at $120 appears to be doing modestly better. We highly regard the brand and its long-term growth prospects; however, the product and geographic diversification occurring now will take time to yield results. As such, we remain cautious on UA heading into its 1Q17 report on Thursday, April 27 BMO.
technical analysis stocks: Diana Shipping inc.(DSX)
Advisors’ Opinion:
- [By Lisa Levin]
Diana Shipping Inc. (NYSE: DSX) shares were also up, gaining 12 percent to $5.91. JP Morgan upgraded Diana Shipping from Neutral to Overweight.
Equities Trading DOWN
- [By Jim Robertson]
On Thursday, our Under the Radar Moversnewsletter suggested small cap dry bulk shippingDiana Shipping Inc (NYSE: DSX) as a short/bearish position:
- [By Lisa Levin]
Diana Shipping Inc. (NYSE: DSX) was down, falling around 11 percent to $4.56. Diana Shipping reported an offering of $70 million in common shares.
Commodities
- [By Rich Smith]
Shares of dry bulk ocean shipper Diana Shipping (NYSE:DSX) surged 37% in the first month of the new year, rising from $3.02 at the start of January to end at $4.14 at its close. As the calendar moves into February, however, Diana’s shares are moving into reverse — down more than 2% since the month began.
- [By Dan Caplinger]
The stock market had a negative tone on Wednesday, although major benchmarks moved in different directions. The Dow Jones Industrials took the biggest hit, falling triple digits as one of its most influential components suffered an earnings-related drop. Relative strength in the Nasdaq Composite showed cross-currents in the overall market, but several individual stocks had substantial declines for the day, andRite Aid (NYSE:RAD), Diana Shipping (NYSE:DSX), and Finisar (NASDAQ:FNSR) were among the worst performers. Below, we’ll look more closely at these stocks to tell you why they did so poorly.
- [By Dan Caplinger]
Despite a lack of conviction in the market at large, some stocks posted sharp gains on Friday, and Diana Shipping (NYSE:DSX), Akorn (NASDAQ:AKRX), and Granite Construction (NYSE:GVA) were among the best performers on the day. Below, we’ll look more closely at these stocks to tell you why they did so well.
technical analysis stocks: Ebix, Inc.(EBIX)
Advisors’ Opinion:
- [By Peter Graham]
Small cap insurance software stock Ebix Inc (NASDAQ: EBIX) reported Q1 2017 earnings before the market opened this morning. Q1 revenue rose 11% to $79.1 million and decreased 1% over Q4 2016 revenue of $80.0 million. The year over year revenue improvement reflected growth in the Companys Exchange, Risk Compliance, and Broker Solution channels. On a constant currency basis, Q1 revenue increased 10% to $78.5 millionwith theExchange channel continued to bethe Companyslargest -accounting for 67% of Q1 2017 revenues. Q1 2017 net income rose 19% to $26.4 million with the improvement principally reflected the benefit of higher revenues and operating income as compared to the same period last year.
technical analysis stocks: Home Depot, Inc. (The)(HD)
Advisors’ Opinion:
- [By Demitrios Kalogeropoulos]
No matter what it does, Lowe’s can’t seem to break out ofHome Depot’s(NYSE:HD)long shadow. Despite a fast-growing store footprint, ittrails its larger home-improvement rivalin the key metrics of sales growth, profitability, and return on invested capital. It’s no surprise, then, that shares fell by 6% in 2016, compared to a 2% gain for Home Depot and a 10% jump for the broader market.
- [By Lisa Levin]
Home Depot Inc (NYSE: HD) reported better-than-expected earnings for its first quarter and raised its guidance for the year.
Home Depot posted quarterly earnings of $1.67 per share on revenue of $23.88 billion. However, analysts were expecting earnings of $1.61 per share on revenue of $23.72 billion.
- [By Paul Ausick]
The Home Depot Inc. (NYSE: HD) traded down 1.08% at $146.60. The stock’s 52-week range is $119.20 to $150.15. Volume was about equal to the daily average of around 3.9 million shares. The drugmaker had no specific news.
- [By Paul Ausick]
The DJIA stock posting the largest daily percentage loss ahead of the close Friday was The Home Depot Inc. (NYSE: HD) which traded down 2.73% at $151.24. The stock’s 52-week range is $119.20 to $160.86. Volume was about 75% above the daily average of around 4.1 million shares. The company had no specific news, but we noted a lawsuit against Home Depot that is exceedingly strange. 247wallst.com/retail/2017/06/23/are-you-being-cheated-when-you-buy-lumber-at-home-depot/
- [By Paul Ausick]
The Home Depot Inc. (NYSE: HD) traded up 1.23% at $149.90. The stock’s 52-week range is $119.20 to $160.86. Volume was about a third lower than the daily average of around 4.6 million shares. The company had no specific news.
technical analysis stocks: Allot Communications Ltd.(ALLT)
Advisors’ Opinion:
- [By Lisa Levin]
Telecommunications services shares gained around 0.98 percent in trading on Thursday. Meanwhile, top gainers in the sector included Telefonica S.A. (ADR) (NYSE: TEF), and Allot Communications Ltd (NASDAQ: ALLT).
technical analysis stocks: Synchronoss Technologies Inc.(SNCR)
Advisors’ Opinion:
- [By Lisa Levin]
In trading on Wednesday, financial shares fell 1.72 percent. Meanwhile, top losers in the sector included Whitestone REIT (NYSE: WSR), down 8 percent, and Synchronoss Technologies, Inc. (NASDAQ: SNCR), down 7 percent.
- [By Paul Ausick]
Synchronoss Technologies Inc. (NASDAQ: SNCR) posted a new 52-week low of $9.95 on Tuesday, down about 41% from Monday’s closing price of $16.75. The stock’s 52-week high is $49.94. Volume totaled around 19 million shares, about 20 times the daily average. The company said this morning that takeover talks by private equity firm Siris Capital Group had ended without an agreement.
- [By Jim Robertson]
On Tuesday, our Elite Opportunity Pronewsletter suggested going long on small cap cloud software and services stock Synchronoss Technologies (NASDAQ: SNCR):
- [By Lisa Levin]
Synchronoss Technologies, Inc. (NASDAQ: SNCR) shares dropped 39 percent to $10.27 after Siris Capital disclosed that it is no longer interested in an all cash takeover of the company. Synchronoss Technologies said that it continues to explore full range of alternatives, including sale.
- [By Lisa Levin]
Shares of Synchronoss Technologies, Inc. (NASDAQ: SNCR) got a boost, shooting up 34 percent to $16.35. Synchronoss Technologies confirmed the receipt of indication of interest from Siris Capital Group to acquire all outstanding shares for $18 per share in cash.
