Larry Schutts
- http://www.stockwinners.com
Larry Schutts, a former university professor, is vice president of Stockwinners.com and a contributing editor for Theflyonthewall.com. Larry looks for stocks with technical and fundamental characteristics indicating gains in the next 30 days. However, price movements may be volatile. He includes a stop-loss price in each post. Consider selling a position should the stop-loss be violated.
Posted Sep 5th 2008 11:40AM by Larry Schutts
Filed under: Earnings reports, Analyst upgrades and downgrades, Technical Analysis, Stocks to Buy
Dollar Financial Corporation (NASDAQ: DLLR) operates
over 1,450 financially-oriented service stores in the U.S., Canada, Ireland and the U.K. Its customers are typically low to moderate income service sector earners, who don't use, or have access to banks. Services include check cashing, short-term consumer loans, money order/transfer products, reloadable debit cards, electronic tax filing, bill payment services and legal document processing. The company does business under the names Money Mart, Loan Mart, Insta-Cheques and Money Shop.
Dollar Financial pleased investors last week, when it reported fiscal Q4 EPS of 59 cents and revenues of $150.3 million. Analysts had been looking for 58 cents and $136.3 million. The CEO noted that fiscal 2008 brought record annual revenues and a record net income. Management also guided FY09 revenues to $595-$625 million, versus Street consensus of $586.28 million. JMP Securities subsequently reiterated its "market outperform" rating on the stock. Jefferies and Roth Capital reiterated their "buys".
Continue reading Dollar Financial (DLLR): Price cycling in bullish 'flag' consolidation
Posted Sep 4th 2008 10:48AM by Larry Schutts
Filed under: Earnings reports, Boeing Co (BA), Technical Analysis, Eaton Corp (ETN), Stocks to Buy
Esterline Technologies (NYSE: ESL) is
engaged in the design, manufacture, and marketing of engineered products and systems for applications in the aerospace and defense industries. The Avionics & Controls unit makes communications systems, medical equipment, and interface systems for aircraft and military vehicles. The Sensors & Systems operation manufactures temperature and pressure sensors, as well as fluid and motion control products. The Advanced Materials segment makes elastomer products, combustible ammunition components and electronic warfare countermeasures. Boeing (NYSE: BA) is a major customer. Eaton Corporation (NYSE: ETN) is a competitor.
The company surprised investors last week, when it reported Q3 EPS of 68 cents and revenues of $382.1 million. The Street had been expecting 64 cents and $374.6 million. Backlog at the end of the quarter was up 11.1% (yr/yr) to $1.06 billion. The CEO attributed success to robust aftermarket activity in both the commercial aerospace and defense markets. Management also guided FY08 EPS to $3.50-$3.60, versus consensus of $3.58.
Continue reading Esterline Technologies (ESL): Shares cycle in bullish 'flag'
Posted Sep 3rd 2008 11:15AM by Larry Schutts
Filed under: Earnings reports, Analyst upgrades and downgrades, Tiffany and Co (TIF), Technical Analysis, Stocks to Buy
Tiffany & Co. (NYSE: TIF) is
engaged in the design, manufacture, and retailing of fine jewelry, timepieces, sterling silverware, china, crystal, stationery, fragrances and personal accessories. The firm sells its goods exclusively through some 150 stores worldwide, a Web site and catalogs.
The company pleased investors last week, when it reported Q2 EPS of 63 cents and revenues of $732.4 million. Analysts had been expecting 55 cents and $720.6 million. Management also guided FY09 EPS to $2.82-$2.92 ($2.83 consensus). The CEO noted, "Our continued expansion throughout Asia and Europe should contribute to increasingly consistent and resilient long-term earnings growth." Lehman Brothers subsequently reiterated its "overweight" rating on the issue.
Continue reading Tiffany (TIF): Shares form bullish 'flag'
Posted Sep 2nd 2008 10:30AM by Larry Schutts
Filed under: Earnings reports, Technical Analysis, Stocks to Buy, Xcel Energy (XEL)
Alliant Energy Corporation (NYSE: LNT) is a
Midwestern U.S. energy utility, serving approximately one million electric and 400,000 natural gas customers through regulated subsidiaries Interstate Power and Light and Wisconsin Power and Light. Nonregulated operations include rail and marine transportation services, independent power production and real estate. Alliant also provides engineering, consulting, and management services. Xcel Energy (NYSE: XEL) is a major competitor.
The company pleased investors last month, when it reported Q2 EPS of 47 cents and revenues of $827.4 million. Analysts had been looking for 39 cents and $770 million. The CEO noted that Alliant had secured 500 megawatts of wind turbine generators during the quarter, expecting wind to play an integral part in meeting future customer needs. Management also guided FY08 EPS to $2.60-$2.80, versus Street consensus of $2.57.
Continue reading Alliant Energy (LNT): Price defines bullish 'pennant'
Posted Aug 29th 2008 12:02PM by Larry Schutts
Filed under: Earnings reports, ConAgra Foods (CAG), Procter and Gamble (PG), Technical Analysis, Stocks to Buy
The J. M. Smucker Company (NYSE: SJM) is
a leading North American maker of fruit spreads, peanut butter, shortening and oils, ice cream toppings, sweetened condensed milk, and health and natural foods beverages. Company brand names include Smucker's, Jif, Crisco, Eagle Brand, Hungry Jack, Laura Scudder and Robin Hood. The firm also markets Pillsbury, Pillsbury Doughboy, Carnation, Borden, and Elsie brand products under license. ConAgra Foods (NYSE: CAG) is a major competitor.
Smucker pleased investors earlier in the month, when it reported fiscal Q1 EPS of 82 cents and revenues of $663.7 million. Analysts had been looking for 77 cents and $647.2 million. Management also guided FY09 EPS to $3.45-$3.50 ($3.44 consensus) and FY09 revenues to $3.8-$4.0 billion ($3.86B consensus). The outlook figures take into account the previously announced purchase of Procter & Gamble's (NYSE: PG) Folgers coffee business.
Continue reading J. M. Smucker Company (SJM): Price defines bullish 'flag' consolidation
Posted Aug 28th 2008 10:10AM by Larry Schutts
Filed under: Good news, Technical Analysis, VeriFone Holdings (PAY), Stocks to Buy
VeriFone Holdings (NYSE: PAY) makes
and services transaction automation systems that enable electronic payments between consumers, merchants and financial institutions. Products include point-of-sale software and terminals, smart card/check readers, receipt printers and Internet commerce software. The firm also makes gas station electronic payment systems that combine card processing and fuel dispensing. Further, it offers a range of client services and customized application development. About 60% of the firm's revenues are generated from customers outside the U.S.
The company pleased the Street last week, when it appointed an interim CFO to replace an officer who resigned following a probe into company accounting errors. VeriFone corrected its books the same day, by deleting $70 million in previously reported fiscal 2007 profits. Management also issued a favorable forecast, guiding Q308 EPS to 34-35 cents (28 cent consensus), Q3 revenues to $256-$258 million ($248.3M consensus), Q408 EPS to 36-39 cents (30 cent consensus), Q4 revenues to $260-$268 million ($255.2M consensus) and FY09 EPS to $1.35-$1.55 ($1.14 consensus). The CEO pointed out that the firm was seeing excellent growth internationally, particularly in emerging markets.
Continue reading VeriFone Holdings (PAY): Shares form bullish 'pennant'
Posted Aug 27th 2008 9:55AM by Larry Schutts
Filed under: Earnings reports, Yahoo! (YHOO), International Business Machines (IBM), Merck and Co (MRK), Technical Analysis, Stocks to Buy
SkillSoft PLC (NASDAQ: SKIL) provides
on-demand Internet-based training courses for professionals in business and information technology (IT). The company catalog includes more than 6,600 courses addressing such issues as project management, sales, business strategy, finance, regulatory compliance, operating systems, network technologies and Web design. SkillSoft also offers online coaching for more than 100 IT certification exams and provides access to some 19,000 engineering, IT, and business books online. Clients include IBM (NYSE: IBM), Merck (NYSE: MRK) and Yahoo! (NASDAQ: YHOO).
The firm pleased investors last week, when it reported Q2 EPS of ten cents and revenues of $83.3 million. Analysts had been expecting seven cents and $82.4 million. Management also guided Q3 EPS to 9-10 cents (nine cent consensus), Q3 revenues to $84.0-$85.5 million ($84.83M consensus), FY09 EPS to 35-38 cents (34 cent consensus) and FY09 revenues to $335-$338 million ($336.43M consensus).
Continue reading SkillSoft (SKIL): Shares cycle in bullish 'flag' consolidation pattern
Posted Aug 26th 2008 1:35PM by Larry Schutts
Filed under: Earnings reports, Analyst upgrades and downgrades, Technical Analysis, Stocks to Buy
URS Corporation (NYSE: URS) provides
engineering, construction and technical services to public agencies and private sector companies around the world. The firm offers a full range of program management; planning, design and engineering; systems engineering and technical assistance; construction and construction management; operations and maintenance; and decommissioning and closure services. Most clients are involved with infrastructure, power, heavy industry and federal programs. URS employs about 50,000, in over 30 countries. Fluor Corporation (NYSE: FLR) and KBR (NYSE: KBR) are major competitors.
The company pleased investors earlier in the month, when it reported Q2 EPS of 72 cents and revenues of $2.53 billion. Analysts had been looking for 60 cents and $2.45 billion. In discussing the solid quarter, the CEO pointed to the firm's success in building capabilities across such growth areas as power and government work. Management also guided FY08 EPS to $2.36-$2.48 ($2.42) and FY08 revenues to $9.8 billion ($9.75B consensus). Morgan Joseph subsequently reiterated its "buy" rating on the shares and boosted its price target to $54.
Continue reading URS Corporation (URS): Share price defines bullish 'pennant'
Posted Aug 25th 2008 9:31AM by Larry Schutts
Filed under: Earnings reports, Estee Lauder (EL), Revlon (REV), Procter and Gamble (PG), Technical Analysis, Stocks to Buy
Estée Lauder Companies (NYSE: EL) is
a leading manufacturer and marketer of skin care, makeup, fragrance and hair care products. These are sold in over 140 countries under a variety of established brands, including Estée Lauder, Aramis, Clinique, Bobbi Brown, American Beauty and Grassroots. The firm also operates as a licensee for such fragrance and cosmetic names as Tommy Hilfiger, Kiton, Donna Karan, Daisy Fuentes and Mustang. Estée Lauder sells its products through department stores, specialty retailers, pharmacies and salons, as well as company-owned stores, spas and Web sites. Elizabeth Arden (NASDAQ: RDEN), Procter & Gamble (NYSE: PG) and Revlon (NYSE: REV) are major competitors.
The firm pleased investors earlier in the month, when it reported fiscal Q4 EPS of 61 cents and revenues of $2.01 billion. Analysts had been looking for 56 cents and $1.93 billion. The CEO noted that strategic investments have enabled the company to continue building worldwide share, as it leverages opportunities in emerging markets. Management also guided Q1 EPS to 18-25 cents (24 cent consensus), FY09 EPS to $2.57-$2.72 ($2.66 consensus) and FY09 revenues to about $8.38-$8.54 billion ($8.38B consensus).
Continue reading Estée Lauder Companies (EL): Price cycles in bullish 'flag'
Posted Aug 22nd 2008 12:32PM by Larry Schutts
Filed under: Good news, Wal-Mart (WMT), Target Corp. (TGT), Costco Wholesale (COST), Technical Analysis, Stocks to Buy
Wal-Mart Stores (NYSE: WMT) is
the world's largest retailer, offering a vast array of general merchandise through some 7,350 stores. That total includes nearly 1,000 discount stores, over 2,800 combination discount and grocery stores and about 600 warehouse outlets. More than half of Wal-Mart's stores are in the United States, but the firm has a widespread and growing international presence. It is the biggest retailer in Canada and Mexico, has a 95% stake in Japan's Seiyu and has developing operations in Europe, South America and Asia. The company employs more than two million associates and serves more than 200 million customers per year. Target (NYSE: TGT) and Costco Wholesale (NASDAQ: COST) are major competitors.
The stock has been a steady gainer of late, advancing on word of better than expected Q2 results, solid expectations for Q3/FY09, decent same-store sales figures, international development, and generally favorable analyst commentary.
Continue reading Wal-Mart Stores (WMT): Share price advances through positive trading channel
Posted Aug 21st 2008 11:50AM by Larry Schutts
Filed under: Earnings reports, Technical Analysis, Stocks to Buy
Portland General Electric (NYSE: POR) is
engaged in the generation, purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. The company's generating portfolio consists of thermal, hydro and wind resources. It serves approximately 813,000 residential, commercial and industrial customers. The firm also sells electricity and natural gas in the wholesale market to western U.S. utilities and energy marketers.
The company pleased investors earlier in the month, when it reported Q2 EPS of 63 cents and revenues of $425 million. Analysts had been looking for 58 cents and $419 million. Management also guided FY08 EPS to $1.85-$1.95, versus Street consensus of $1.80. In discussing significant capital projects, the CEO noted that the firm is moving forward with the next phase of a wind farm and with the implementation of a new smart-metering technology.
Continue reading Portland General Electric (POR): Shares cycle in bullish 'pennant' formation
Posted Aug 20th 2008 11:34AM by Larry Schutts
Filed under: Earnings reports, Analyst upgrades and downgrades, Technical Analysis, Stocks to Buy
Kendle International (NASDAQ: KNDL) provides
a range of clinical development services to the biopharmaceutical industry. Offerings include clinical trial management, clinical data management, statistical analysis, medical writing, regulatory consulting and publication services. The company has expertise in a range of therapeutic areas, including oncology, cardiovascular disease, inflammation and central nervous system disorders. Kendle's Early Stage segment focuses on Phase I operations. The Late Stage unit handles Phase II through IV clinical trials, regulatory affairs, and biometrics offerings. Covance (NYSE: CVD) and Parexel International (NASDAQ: PRXL) are major competitors.
The firm surprised the Street earlier in the month, when it reported Q2 EPS of 52 cents and revenues of $127 million. Analysts had been looking for 46 cents and $115.3 million. The EPS figure was a company record. Management also guided FY08 EPS to $2.00-$2.15 ($1.90 consensus) and FY08 revenues to $490-$500 million ($468.76M consensus). Ladenburg Thalmann subsequently reiterated its "buy" recommendation and boosted its price target to $51.
Continue reading Kendle International (KNDL): Price cycles in bullish 'flag' formation
Posted Aug 19th 2008 12:12PM by Larry Schutts
Filed under: Earnings reports, Technical Analysis, Stocks to Buy
Fuqi International (NASDAQ: FUQI) designs,
develops and sells precious metal jewelry in the People's Republic of China. It offers rings, bracelets, necklaces, earrings and pendants made from such precious metals as platinum, gold, palladium and karat gold. The company also manufactures jewelry with diamonds and other precious stone inlays, as well as gold coins and gold bars. Fuqi International was founded in 2001 and is headquartered in Shenzhen.
The firm surprised the Street last week, when it reported Q2 EPS of 25 cents and revenues of $66.9 million. The Street had been looking for 20 cents and $62.8 million. Management also guided Q3 EPS to 26-27 cents (21 cent Street), Q3 revenues to $75-$77 million ($70.6M Street), FY08 EPS to $1.07-$1.09 ($1.08 Street) and FY08 revenues to $325-$333 million ($314.2M Street).
Continue reading Fuqi International (FUQI): Shares define bullish 'pennant' formation
Posted Aug 18th 2008 11:26AM by Larry Schutts
Filed under: Earnings reports, Technical Analysis, Stocks to Buy
BWAY Holding Company (NYSE: BWY), headquartered
in Atlanta, is a leading North American manufacturer and distributor of metal and rigid plastic containers for the industrial and consumer products markets. The Metal Packaging segment specializes in steel paint cans, aerosol cans, pails and ammunition boxes. The Plastics Packaging unit provides injection-molded and blow-molded bottles and drums for petroleum products, agricultural chemicals, paints, inks, edible oils, adhesives and sealants. The ICL Industrial Containers division is Canada's leading supplier of plastic and steel pails. Ball Corporation (NYSE: BLL) and Crown Holdings (NYSE: CCK) are major competitors.
The firm surprised the Street last week, when it reported fiscal Q3 EPS of 41 cents and revenues of $274 million. Analysts had been looking for 28 cents and $271.6 million. In discussing the successful quarter, the CEO noted increased productivity, better cost containment and the effects of new products. Management also guided FY08 EPS to 70-75 cents, versus Street consensus of 53 cents.
Continue reading BWAY Holding Company (BWY): Shares define bullish 'pennant' consolidation pattern
Posted Aug 15th 2008 11:20AM by Larry Schutts
Filed under: Earnings reports, Good news, Technical Analysis, Stocks to Buy
LDK Solar Company (NYSE: LDK) is
a leading manufacturer of the multicrystalline solar wafers used to produce solar cells and modules. The firm provides its wafers, as well as wafer processing services, to major manufacturers of photovoltaic products. More than two-thirds of its revenues derive from sales to companies in the Asia/Pacific region, primarily China and Taiwan.
The company pleased investors on Monday, when it reported Q2 EPS of $1.29 and revenues of $441.7 million. Analysts had been expecting 42 cents and $282 million. Management also guided Q3 revenues to $486-$496 million ($307.05M consensus) and FY08 revenues to $1.65-$1.75 billion ($1.16B consensus). The CEO noted that the firm had signed nine long-term wafer supply agreements year-to-date, further diversifying its customer base. On Wednesday, he announced yet another such agreement, with India-based XL Telecom & Energy.
Continue reading LDK Solar Company (LDK): Shares form bullish 'pennant'
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