When Costco Wholesale (COST) announced its fiscal first-quarter earnings in December, its shares rose 1.3%, despite initial disappointment. And next month, Costco will release its December sales, which should show whether that reaction was justified. Baird’s Peter Benedict and team offer a preview:
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Modeling December “core” comps (ex-gas/FX) of 2%-3% (reported comps also 2%-3% vs. Street’s initial 1.8%E), with the slight uptick from November’s 2% core supported by easier compares, stronger trends exiting/entering November/December, and more seasonable weather. Looking ahead to CY17, prospects for further improvement in underlying comp trends appear good as compares continue to ease and tobacco-related headwinds are cycled (in the spring). When combined with a potential U.S./Canadian fee increase (and perhaps even another special dividend), we reiterate our Outperform rating/$175 price target.
Top 5 Canadian Stocks To Buy Right Now: Thor Industries Inc.(THO)
Advisors’ Opinion:
- [By WWW.THESTREET.COM]
In his second “Executive Decision” segment, Cramer spoke with Bob Martin, president and CEO of Thor Industries (THO) , a stock that was crushed today, down 9.8%, on a penny-a-share earnings beat with tempered guidance.
- [By Lisa Levin]
Thor Industries, Inc. (NYSE: THO) shares were also up, gaining 11 percent to $151.76 after the company reported stronger-than-expected results for its first quarter on Monday.
- [By Peter Graham]
A long term performance chart shows shares of Winnebago Industries recently moving past 2013 highs whilepeersDrew Industries, Inc (NYSE: DW) and Thor Industries, Inc (NYSE: THO) havealso taken off to new highs this year:
Top 5 Canadian Stocks To Buy Right Now: NRG Energy Inc.(NRG)
Advisors’ Opinion:
- [By Chris Lange]
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Thursday was NRG Energy, Inc. (NYSE: NRG) which rose over 5% to $22.20. The stocks 52-week range is $9.84 to $23.36. Volume was over 35 million compared to its average volume of 5.8 million.
- [By Lisa Levin]
Non-cyclical consumer goods & services sector was the top gainer in the US market on Wednesday. Top gainers in the sector included Cia Energetica de Minas Gerais CEMIG-ADR (NYSE: CIG), Companhia Paranaense de Energia (ADR) (NYSE: ELP), and NRG Energy Inc (NYSE: NRG).
- [By Lisa Levin]
In trading on Wednesday, utilities shares fell 0.25 percent. Meanwhile, top losers in the sector included NRG Energy Inc (NYSE: NRG), down 3 percent, and Entergy Corporation (NYSE: ETR) down 1 percent.
- [By Ben Levisohn]
NRG Energy (NRG) soared to the top of the S&P 500 today.
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NRG Energygained 4.5% to $12.85 today, while the S&P 500 advanced 0.2% to 2,262.53.
In a note released on Dec. 15, Morgan Stanley’sStephen Byrd and team summarized the reasoning behind their overweight rating on NRG:
NRG Energy (NRG, Overweight, $21 PT) FCF/Equity yield of ~35% and balanced upside from diversified market exposure, higher PJM capacity prices, fleet optimization, and debt reduction. NRG’s generation plus retail matching strategy is an underappreciated source of value, and provides stable cash flow despite current depressed power prices in Texas.
NRG Energy’s market capitalization rose to $4.1 billion today from $3.8 billion yesterday. It reported a net loss of $6.4 billion on sales of $15 billion in 2015.
NRG Energy was the Biggest Loser on Nov. 10, and the Hot Stock on Nov. 4.
- [By Ben Levisohn]
NRG Energy (NRG) has gained 2.1% to $18.49 after getting raise to Buy from Neutral at Goldman Sachs.
Skechers USA (SKX) has tumbled 5.4% to$28.35 after getting cut to Negative from Positive at Susquehanna.
- [By Elizabeth Balboa]
Clarity on the GenOn Energy Inc settlement and PJM Interconnection auction led UBS analyst Julien Dumoulin-Smith to upgrade NRG Energy Inc (NYSE: NRG) Thursday to Buy with a $20 price target.
Top 5 Canadian Stocks To Buy Right Now: Plains All American Pipeline L.P.(PAA)
Advisors’ Opinion:
- [By Matthew DiLallo]
One of the largest projects is the Saddlehorn Pipeline, which Magellan is building with Plains All American Pipeline (NYSE:PAA) and Anadarko Petroleum (NYSE:APC). Both Plains All American Pipeline and Magellan own 40% of the project, which puts their total investment at $230 million apiece. They expect the project to be fully operational early next year, which is noteworthy given its robust first-year economics. Magellan estimates that it will earn eight times EBITDA on the capital deployed, or roughly $28.8 million in annual EBITDA apiece for Magellan and Plains All American Pipeline on their investment.
- [By Dustin Parrett]
Plains All American Pipeline (NYSE: PAA) controls 4 million barrels of crude oil and natural gas a day.
And with higher oil prices and fewer restrictions leading to more drilling, PAA’s pipelines will be in demand in 2017.
- [By Dustin Parrett]
We think Plains All American Pipeline L.P. (NYSE: PAA) is one of the best oil stocks to buy this year. In fact, we see a scenario where PAA stock could jump 20% in 2017.
Top 5 Canadian Stocks To Buy Right Now: Encana Corporation(ECA)
Advisors’ Opinion:
- [By WWW.THESTREET.COM]
In the Lightning Round, Cramer was bullish on Vodafone Group (VOD) , Schlumberger (SLB) , Encana (ECA) , Arconic (ARNC) and AdvanSix (ASIX) .
Cramer was bearish on U.S. Silica Holdings (SLCA) .
- [By Paul Ausick]
Encana Corp. (NYSE: ECA) is rated Buy with an unchanged price target of $16. The EPS estimate for 2017 was lowered from $0.42 to $0.34, and the 2018 estimate was also lowered, from $1.47 to $1.28. The shares ended the weekat $11.44, in a 52-week range of $4.90 to $13.85. The consensus 12-month price target is $14.95.
- [By Money Morning News Team]
Canada-based Encana Corp. (NYSE: ECA) was the eighth top oil company stock in 2016, with a 131% gain over the year. ECA and its subsidiaries focus on developing, exploring, producing, and marketing natural gas, liquefied natural gas, and oil in North America.
Top 5 Canadian Stocks To Buy Right Now: Canadian National Railway Company(CNI)
Advisors’ Opinion:
- [By Brett Hershman]
The Swiss bank said it was raising first-quarter estimates on four of the six rails it covers, with updated estimates above consensus on Canadian National Railway (USA) (NYSE: CNI), CSX Corporation (NASDAQ: CSX) and Kansas City Southern (NYSE: KSU), which is seen to show upside against low expectations.
- [By Paul Ausick]
GE got some good news this past week with an order for 200 locomotives from Canadian National Railway Co. (NYSE: CNI). The locomotives will be built at GE’s plant in Fort Worth, Texas, and deliveries to the rail operator will begin next year. The balance of the locomotives will be delivered in 2019 and 2020.
- [By Monica Gerson]
Canadian National Railway (USA) (NYSE: CNI) is estimated to post its quarterly earnings at $0.92 per share on revenue of $3.08 billion.
Container Store Group Inc (NYSE: TCS) is expected to post its quarterly earnings at $0.21 per share on revenue of $230.53 million.
