FeedPosted Mar 2nd 2011 8:30AM by Jason Raznick (RSS feed)
Filed under: Before the Bell, Earnings Reports, Costco Wholesale (COST), Staples Inc (SPLS), Economic Data

U.S. stock futures are higher Wednesday morning as investors await labor market data. Crude oil traded above $100 a barrel. Futures on the Dow Jones Industrial Average rose 27 points to 12,049.00 and futures on the S&P 500 stock index gained 3.6 points to 1,304.70. Nasdaq 100 futures gained 5.75 points to 2,317.25.
The blue-chip Dow index dropped 1.38% to close at 12,058 on Tuesday.
After the opening bell, Federal Reserve Chairman Ben Bernanke is scheduled to present a monetary policy report to the U.S. House Financial Services Committee. The Fed's Beige Book will be released at 2 p.m. ET.
Costco Wholesale (
COST) reported Q2 EPS of 79 cents, matching analysts expectations. Costco reported Q2 revenue of $20.88 million, versus the consensus of $20.54 billion. The wholesaler reported a 7% rise in its Q2 same-store sales.
Continue reading U.S. Stock Futures Up, Oil Rises Above $100 Per Barrel
Posted Jan 31st 2011 8:15AM by Jason Raznick (RSS feed)
Filed under: Before the Bell, Earnings Reports, Alcoa Inc (AA), Costco Wholesale (COST), Economic Data

U.S. stock futures are higher Monday morning as investors await economic data and
earnings reports. Futures on the Dow Jones Industrial Average gained 3 points to 11,778 and S&P 500 futures rose 2.30 points to 1,274. Nasdaq 100 futures gained 5 points to 2,273.
Negative sentiment ruled the European markets today. While STOXX Europe 600 Index has dropped 0.52%, London's FTSE 100 Index moved down 0.38%.
Asian markets ended mostly lower, with Japan's Nikkei Stock Average dropping 1.18%, Australia's S&P/ASX 200 declining 0.46% and China's Shanghai Composite rising 1.38%.
Continue reading U.S. Stock Futures Higher as Investors Await Economic Data, Earnings
Posted Jan 6th 2011 12:00PM by Mark Fightmaster (RSS feed)
Filed under: Target Corp. (TGT), Costco Wholesale (COST)

December is not shaping up to have been the retail windfall that many experts predicted, which may be setting up a rather scary situation. Don't worry folks, the experts are going to blame the
poor December revenue on different factors, including strong November sales taking away from December and post-Christmas sales suffering from the Northeast blizzard.
First things first, not all retailers have reported their results -- a majority of heavy hitters will report today. Nevertheless, the results are being described as "slow and steady" rather than the expected blowout holiday shopping season. For example, Costco (
COST) reported sales that increased 6%. This is positive data, unfortunately expectations called for an increase of 6.2%. Target (
TGT) saw sales increase 0.9%, well short of the expected 4%. Of course sales were better at Macy's (
M), right? I mean they are adding jobs and all. Wrong, sales did increase (3.9%) but missed expectations (4.5%).
Continue reading Holiday Sales Falling Short of Expectations
Posted Nov 23rd 2010 12:00PM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Wal-Mart (WMT), Netflix, Inc. (NFLX), Target Corp. (TGT), Costco Wholesale (COST), Red Hat Inc (RHT), Analyst Initiations, Honeywell Intl (HON), Northrop Grumman (NOC)
Analyst Upgrades
- Piper Jaffray upgraded Red Hat (RHT) to overweight from neutral.
- Honeywell (HON) was upgraded to outperform from neutral at Cowen.
- Regal-Beloit (RBC) and Actuant (ATU) were upgraded to buy from hold at Jefferies.
- RW Baird upgraded MedAssets (MDAS) to outperform from neutral.
- Savvis (SVVS) was upgraded to outperform from market perform at William Blair.
Continue reading Analyst Calls: COST, HON, NFLX, NOC, PCP, RHT, TGT, TXT, WMT ...
Posted Oct 13th 2010 12:00PM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, General Electric (GE), Costco Wholesale (COST), Fortune Brands (FO), Alcatel-LucentADS (ALU), Smithfield Foods (SFD), Dow Chemical (DOW), Analyst Initiations, Honeywell Intl (HON)
Analyst Upgrades
- Piper Jaffray upgraded Duoyuan Global Water (DGW) to neutral from underweight, citing the potential for positive fundamental news flow through the end of the year, and upped its price target to $16 from $9.
- Jefferies upgraded Alcatel-Lucent (ALU) to buy from underperform, expecting a benefit from a significant ramp in EVDO software sales as mobile data growth accelerates.
- Myriad Genetics (MYGN) was upgraded at RBC Capital to outperform from sector perform with a $23 price target based on valuation and potential to be acquired.
- Goldman upgraded Mohawk (MHK) to neutral from sell with a $53 price target.
- Smithfield Foods (SFD) was upgraded to outperform from market perform at BMO capital with a $21 target.
- Priceline.com (PCLN) was upgraded to outperform from market perform at Morgan Keegan.
Continue reading Analyst Calls: ALU, BIG, COST, DGW, DOW, FO, GE, HON, MGM, MYGN, MON ...
Posted Oct 11th 2010 11:00AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Archer-Daniels-Midland (ADM), Costco Wholesale (COST), Fortune Brands (FO), Abercrombie and Fitch (ANF), Analyst Initiations, EMC Corp (EMC)
Analyst Upgrades
- Deutsche Bank upgraded EMC (EMC) to buy from hold after channel checks indicated storage demand remains solid. The firm sees potential upside in 2011 from the company's new products and upped its target for shares to $25 from $20.
- BB&T upgraded American Commercial (ACLI) to buy with a $50 target based on pricing leverage and cost reductions.
- Argus upgraded Abercrombie (ANF) to buy with a $52 target based on accelerating comps.
- PerkinElmer (PKI) was upgraded to equal weight from underweight at Barclays.
- Valeant (VRX) was upgraded to market perform from underperform at Wells Fargo with a $26 to $28 valuation range.
- Blackrock (BLK) was upgraded to buy from hold at Deutsche Bank.
Continue reading Analyst Calls: ACLI, ADM, ANF, BLK, BP, COST, EMC, FO, NE, PEET, UNFI ...
Posted Oct 7th 2010 11:40AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Citigroup Inc. (C), JPMorgan Chase (JPM), Agilent Technologies (A), Bank of America (BAC), Bank of New York (BK), Costco Wholesale (COST), Goldman Sachs Group (GS), Morgan Stanley (MS), Analyst Initiations, salesforce.com inc (CRM)
Analyst Upgrades
- Piper Jaffray upgraded Salesforce.com (CRM) to overweight from neutral, citing valuation following the recent sell-off and strong business trends. The firm has a $115 price target for shares.
- Keefe Bruyette upgraded M&T Bank (MTB) to market perform from underperform on valuation after AIB sold its stake in the company. The firm has a $72 price target for shares.
- Jefferies upgraded OGE Energy (OGE) to buy from hold following the announcement that ArcLight will purchase 9.9% of OGE's interest in Enogex for $183M and believes this deal highlights the hidden value associated with Enogex. The firm raised its price target to $51.50 from $43.
- Thomas & Betts (TNB) was upgraded to outperform from perform at Oppenheimer.
- Bayer (BAYRY) was upgraded to buy from neutral at UBS.
- Texas Roadhouse (TXRH) was upgraded to outperform from neutral at Baird.
Continue reading Analyst Calls: A, ARST, BAC, C, COST, CRM, DPS, GS, JPM, MS, MTB, VOD ...
Posted Oct 6th 2010 4:20PM by Jon Ogg (RSS feed)
Filed under: Apple Inc (AAPL), Cisco Systems (CSCO), Costco Wholesale (COST), salesforce.com inc (CRM)

Today was a mixed day where traders and investors alike could not decide whether to trade cautiously or whether to take on risk again. More technology concerns were prevalent and the newest jobs data led traders to believe that the non-Farm payrolls data will come in weaker on Friday.
Here were today's unofficial closing bell levels:
Dow Jones 10,967.65 +22.93 (0.21%)
S&P 500 1,159.97 -0.78 (-0.07%)
Nasdaq 2,380.66 -19.17 (-0.80%)
Continue reading Closing Bell: When Confusion Leads (AAPL, VZ, CSCO, COST, EQIX, JASO, MON, CRM)
Posted Sep 22nd 2010 11:30AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Time Warner (TWX), Nokia Corp. (NOK), Adobe Systems (ADBE), American Express (AXP), Novartis AG ADS (NVS), Costco Wholesale (COST), FedEx Corp (FDX), United Parcel'B' (UPS), Starwood Hotels Worldwide (HOT), Analyst Initiations
Analyst Upgrades
- Soleil upgraded Baxter (BAX) to buy from hold on expectations the company will benefit from supply disruptions at privately-held plasma manufacturer Octapharma. The firm raised its price target for shares to $56 from $45.
- Deutsche Bank upgraded Dolby (DLB) to buy from hold, citing valuation following the recent underperformance of shares. The firm upped its price target to $75 from $70.
- Bernstein upgraded Alexion (ALXN) to outperform from market perform based on increased Soliris forecasts for PNH and potential in aHUS. The firm also raised its price target to $75 from $60.
- Agrium (AGU) was upgraded to buy from neutral at BofA/Merrill.
- Roche (RHHBY) was upgraded to conviction buy from neutral at Goldman.
- BMO Capital upgraded Energizer (ENR) to outperform from market perform.
Continue reading Analyst Calls: ADBE, AXP, BAX, COST, DLB, FDX, HOT, NOK, NVS, TWX ...
Posted Sep 8th 2010 11:40AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Dell (DELL), Time Warner (TWX), Intel (INTC), Viacom (VIA), Boeing Co (BA), Costco Wholesale (COST), Lockheed Martin (LMT), Analyst Initiations, Honeywell Intl (HON), General Dynamics Corp (GD), Visa Inc. (V)
Analyst Upgrades
- Goldman upgraded Costco (COST) to buy from neutral based on valuation, improving fundamentals and potential catalysts. The firm raised its price target to $68 from $62.
- Soleil upgraded MGM Resorts (MGM) to buy from hold, citing valuation, easing balance sheet concerns and a multiyear convention recovery. The firm upped its target for shares to $14 from $13. Note, Soleil also downgraded Las Vegas Sands (LVS) to hold from buy.
- Piper Jaffray upgraded Phillips-Van Heusen (PVH) to overweight from neutral with a $59 price target following the company's better-than-expected Q2 results.
- Dell (DELL) was upgraded to buy from outperform at CLSA.
- CommScope (CTV) was upgraded to buy from neutral at UBS.
- EnCana (ECA) was upgraded to sector outperformer from sector performer at CIBC.
Continue reading Analyst Calls: BA, COST, DELL, GD, INTC, LVS, MGM, PCLN, TWX, V, VIA ...
Posted Aug 5th 2010 4:20PM by Jon Ogg (RSS feed)
Filed under: Costco Wholesale (COST), Research in Motion (RIMM), Potash Corp. of Saskatchewan (POT)

Today was one of those down days that was hardly a down day. It is a loss that might as well be a wash or gain because the losses were so small. The weekly jobless claims data did no favors for those hoping for a solid jobs number Friday morning. Retail sales were another source of caution considering that the comparisons from last July should have been very easy.
Here were today's closing bell levels:
Dow Jones 10,674.98 -5.45 (-0.05%)
S&P 500 1,125.81 -1.43 (-0.13%)
Nasdaq 2,293.06 -10.51 (-0.46%)
Continue reading Closing Bell: Loss So Small It Was a Gain (ARO, COST, KLIC, POT, RIMM, SD)
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