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LSI Reveals Fourth Quarter and Full Year Financials

LSI Corporation (LSI) has disclosed its fourth quarter and full year performance for the period ending December 31, 2011, starting off with revenues from continuing operations in the amount of $523 million. It also presented a fourth quarter GAAP income from continuing operations at 2 cents per diluted share and a non-GAAP income for the same period from the same operations at 13 cents per diluted share.

Cash flow from fourth quarter operations amounted to $55 million and full-year 2011 earnings amounted to $2 billion, which represent a 9 percent increase to the last year figure. On May, 6, 2011, LSI finalized the sale of its external storage systems business.

It seems that LSI, priced at $7.74 can finally breach the resistance line that lies at $7.7. Of course, it should stay above the line for at least several weeks to support this assumption of a uptrend formation.

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EBay Shows Brisk Sales On Paypal And Holiday Shopping

EBay Incorporated (EBAY) presented its sales and profit profile which breached the estimates of analysts. According to the biggest Internet marketplace, the earnings were pushed up by its campaign to promote its expanded retail offerings and wider reach of Paypal online payments service. There was a 35 percent increase in revenue during the fourth quarter, reaching at $3.4 billion, which is above the mean estimate of analysts at $3.3 billion, culled from Bloomberg.

John Donahoe, EBay CEO, who aspired to lift the stock price since he assumed office in 2008, revealed the company increased spending by 25 percent last year to refine its technology to win back its patrons which were lured previously by its leading competitor.

Priced slightly above $31, Ebay will be looking to challenge the $35 level once again soon, after several unsuccessful attempts to breach the said price in 2011.

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Copart Bares First Quarter 2012 Financials

Copart Incorporated (CPRT) has bared its performance for the first quarter of fiscal 2012 ending October 31, 2011. The last three months from the date of reckoning showed revenue to be over $225 million, operating income at $65 million, and net income posting at $41 million. These translate to over 6 percent growth in revenue, nearly 10 percent increase in operating income, and an about 9 percent rise in net income compared to the same period last year.

The company adopted several measures in the first quarter of 2011, such as the Accounting Standards Update and Revenue Arrangements with Multiple Deliverables, and consequently recognized certain revenues, like towing fees, titling fees and vehicle preparation fees with its services.

Copart stock has recently unsuccessfully challenged its all-time of $47.75, reaching $47.19 in July. With support at $38, Copart, currently priced a fraction below $45 seems to be making another try soon.

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Costs Drive Down TiVo Income

TiVo Incorporated (TIVO), a leading provider of digital video recording technology, reported losses for its third quarter, and attributed the losses to increased costs, but these were still better than analysts’ projections. The company lost over $24 million, translating to 21 cents per share, in the latest quarter, compared to $20.5 million in losses, or 18 cents per share, during the same period last year.

TiVo was formed in 1997 as a pioneer home entertainment source, and developed a brand new product and service category with the introduction of the world’s first digital video recorder (DVR). At present, the company continues to develop new ways and means for consumers to access and watch home entertainment.

Technical analysis reveals that TiVo stock once again failed to breach the $11 resistance mark recently, reaching the mark before dropping below $10 once again. This was the fifth unsuccessful attempt to achieve this task in the recent two years. The support level for the stock, currently trading slightly above the $9 price is at $7.

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Agilent Technologies Makes Good Fourth Quarter Showing

Agilent Technologies Incorporated (A) divulged revenues of $1.73 billion for the fourth quarter, with earnings per share of $0.84, which is 3 cents better than analysts’ estimates. The company forecasts EPS ranging from $0.67 to $0.69 for the first quarter of 2012, against the consensus of $0.70, and sees its revenues for the same period to be from $1.65 to $1.7 billion – slightly higher that a consensus of $1.6 billion.

Agilent Technologies is in the business of designing and manufacturing electronic and bio-analytical measuring instruments and equipment for measurement and evaluation. The company is capitalized at more than $10 billion and is headquartered in the Silicon Valley in Santa Clara, California.

The stock is trading close to the $40 level, a historical resistance that failed to become a support when it was finally breached in 2011. The short-term support for the stock tha is currently priced $38.98 per share lies at $30.

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Activision Blizzard Loses Players but Triples Profits

There seems to be a rollercoaster of events for Activision Blizzard (ATVI), as it shares both bad news and good news for its MMO fans. The bad news is that the company has experienced a lowering of some 1 million subscribers of World of Warcraft around the world. Blizzard CEO Mike Morhaime attributes most of the subscriber loss to the decrease of platform popularity in the Eastern market.

The good news however, is that the company has surpassed its expectations by increasing its profits to almost three times over the past year. Activision Blizzard has accrued more than $620 million in sales, which translates to profits worth about $150 million.

Activision stock has recently broken the $13 resistance level and seems to be moving up. Yet, in order to establish an uptrend, the stock, currently trading just below $14 per share, needs to remain above the $13 line for at least two weeks.

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Quarterly Financials Presented By NutriSystem

NutriSystem Incorporated (NTRI) reported on its quarterly performance on Wednesday with a $0.21 earnings per share, slightly off the Thomson Reuters estimate of $0.24, and with the quarter’s earnings decreasing by nearly 30 percent compared with the same period of the previous year. Relative to this, Wedbush analysts restated the “outperform” rating given to NutriSystem shares on October 18 as additional information to its investors. Analysts from Auriga, meanwhile set a “buy” rating for NutriSystem shares with an indicative price of $19 per share.

NutriSystem is in the business of providing weight management systems that are based on low-calorie, apportioned, and set meals program. Customers are given monthly food menus translated to 28 days of breakfasts, lunches, dinners and desserts complemented by high value food items.

The stock is currently trading slightly above $11 mark, which is only a fraction above the all-time low of $10.63, recorded in September 2011.

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Macquarie to Reveal Third Quarter Financials

The third quarter 2011 performance and results are scheduled to be reported by Macquarie Infrastructure Company (MIC) after the close of trading on Wednesday, November 2, 2011. The conference call and webcast for analysts and investors is scheduled at 8:00 in the morning of Thursday, November 3, 2011, where management is geared to report on the company’s performance, to be followed by an open forum.

Interested parties listen to the conference by dialing +1(650)521-5252 around 10 minutes before the scheduled conference, and may view the webcast by logging in at www.macquarie.com/mic. Macquarie will be providing its viewers and investors with the necessary information materials relative to the conference call.

Macquarie stock has made a notable progress in the last two years, rising from the all-time low $1.15 in March 2009 to $27.76 in July 2011. The current price of $26.37 per share indicates that a good quarterly report can launch a major uptrend.

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Third Quarter Performance Bared By Intel CEO

Paul Otellini, President, CEO, Director and Member of the Executive Committee of Intel Corporation (INTC), shared the third quarter performance to its stock investors. He said that he is proud to be announcing another strong quarter for the company with the highest quarterly revenues, earnings per share, and the biggest shipments of microprocessor units in the company’s history.

He made special mention of the notebook PC business and the consumer demand for the industry’s second generation processor family as contributory to its quarterly achievements. Business trends were at par with the company’s expectations, and while consumer demands in established markets such as Western Europe and North America remained the same, emerging markets continued to rise in key areas such as China, Turkey, and Indonesia.

Intel is currently trading slightly above $24, which is not far from the historical resistance line of $28. The support level is about $19.

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Report Made by Altera CEO on Third Quarter Results

Altera Corporation (ALTR), through its CEO, John Daane, reported on the achievements made in the third quarter of 2011. Daane said that the company expected a broader end market growth for the third quarter, but instead had to contend with customers strongly reducing inventories because of concerns on the world economy and the dipping of several end businesses.

During the third quarter, the telecom wireless earnings dipped by 13 percent together with widespread declines in the markets. Industrial military automotive also went down by 7 percent, with computer, storage and networking posting a 30 percent increase in earnings. Daane believes that most of the decreases were caused by customers reducing inventory below normal levels due to forecast business slowdowns.

Altera stock recent downward move seems like a technical correction to the $14.81-$48.70 progress that occurred in the years 2009, 2010 and first half of 2011. The current support $31.50 nearly coincides with the 50%-Fibonacci line.

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