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June 15, 2014
18:56 EDTLUV, ALTR, TROW, EAElectronic Arts, Altera, two others should grow into their prices, Barron's says
Electronic Arts (EA), Altera (ALTR), Southwest Airlines (LUV), and T. Rowe Price (TROW) are growth stocks that should lift earnings in a year or two, Barron's contends in a feature article. Reference Link
News For EA;ALTR;LUV;TROW From The Last 14 Days
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July 23, 2015
12:58 EDTLUVSouthwest says July, Q3 revenue trending up sequentially
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12:42 EDTLUVSouthwest says plans to end 2015 with about 700 aircraft
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12:37 EDTLUVSouthwest says looking for 'strong' revenue performance in Q3
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12:32 EDTLUVOn The Fly: Top stock stories at midday
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09:13 EDTLUVOn The Fly: Pre-market Movers
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07:43 EDTTROWT. Rowe Price says global market volatility likely to remain higher for near ter
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07:42 EDTTROWT. Rowe Price reports Q2 EPS $1.24, consensus $1.20
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07:16 EDTLUVChase Card Services, Southwest announce extension to co-branded card agreement
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07:15 EDTLUVSouthwest sees FY15 ASMs up 7%
Southwest said: "Overall, our network performance is exceptional. For this year, we are growing our ASMs approximately 7%, year-over-year. The annualized impact of our 2015 expansion is expected to contribute the majority of 2016's year-over-year capacity growth. As we continue to optimize our network, we are currently planning to grow our total 2016 ASMs in the 5%-6% range, year-over-year, with the goal to sustain strong margins and ROIC levels in line with 2015."
07:14 EDTLUVSouthwest sees Q3 unit revenues down 1%
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07:13 EDTLUVSouthwest reports Q2 EPS ex-items $1.03, consensus $1.02
Reports Q2 revenue $5.11B, consensus $5.14B. Reports year-over-year increase in available seat miles, or ASMs, of 7% and 84.6% load factor.
July 22, 2015
15:26 EDTLUV, TROWNotable companies reporting before tomorrow's open
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15:09 EDTLUVSouthwest technical preview ahead of earnings
The shares have been in a downtrend since March of this year, defined by the 50-day moving average as the downtrend resistance line. If the news is bearish, the downtrend could extend. Next supports to watch below the current price of $35 are at $32.62, $30.63, and $28.18. If the news is bullish, the 50-day is the first significant resistance level to watch on the upside, last at $35.71. A breakout above the 50-day would turn the short-term trend bullish with next resistance at $37.47. Additional resistance levels to watch as potential upside objectives would be at $38.75 and $39.51.
14:51 EDTALTREarnings Watch: Qualcomm reports after speculations of potential breakup
Qualcomm (QCOM) is expected to report third quarter earnings after the close on July 22, with a conference call scheduled for 4:45 pm ET. Qualcomm is a maker of semiconductors and telecommunications equipment. EXPECTATIONS: Analysts are looking for earnings per share of 95c on revenue of $5.85B. EPS consensus ranges 90c-$1.05 on a revenue range of $5.59B-$6.08B, according to First Call. LAST QUARTER: On April 22, Qualcomm reported Q2 EPS of $1.40 against expectations for $1.33, and revenue of $6.89B versus estimates of $6.83B. The company also cut its FY15 EPS guidance to $4.60-$5.00 from $4.85-$5.05 and lowered projected revenue to $25B-$27B from $26.3B-$28B, saying it expects pressure in its semiconductor business due to customer shifts in the premium segment and a decline in Qualcomm's share at an unnamed large customer. NEWS: On May 8, Reuters reported that EU antitrust regulators asked Qualcomm's competitors how the company's licensing and business practices affect them, and on July 16, the European Commission confirmed two formal antitrust investigations of the company. On May 25, Qualcomm and Daimler (DDAIF) announced a strategic collaboration to develop connected car technology. Coming on the heels of Avago's (AVGO) May 28 agreement to acquire Broadcom (BRCM), Bloomberg quoted a source later that day as saying Qualcomm, Intel (INTC), Altera (ALTR), Analog Devices (ADI), Maxim Integrated (MXIM), Texas Instruments (TXN), and Microchip Technology (MCHP) are all considering their own M&A opportunities. Note that on June 1, Intel announced an agreement to acquire Altera. On June 23, Semiconductor Manufacturing International (SMI), Qualcomm, Huawei, and Imec announced the formation of a joint venture to focus on a type of 14 nanometer technology. More recently, the Wall Street Journal reported on July 20 that Qualcomm is "expected" to begin a comprehensive strategic review which may include the possibility of a breakup following pressure from "activist" shareholder Jana Partners, according to sources, adding that the move could be announced concurrent with Wednesday's earnings release. STREET RESEARCH: Following last quarter's earnings report, Exane BNP Paribas downgraded Qualcomm to Neutral from Outperform, while both Canaccord and Brean Capital lowered price targets for the stock after "disappointing" guidance. Meanwhile, Citi said it expects the company's chip business to recover in 2016 despite this "very bad year." On May 28, CLSA said it sees continued pressure on Qualcomm chipsets, potentially spurring the company to consider making an acquisition, and on June 2, Craig-Hallum noted that Skyworks (SWKS) would be a great fit for Qualcomm. On June 24, Summit Research called Applied Micro Circuits (AMCC) an "affordable" target for Qualcomm, with AMD (AMD) and Cavium (CAVM) also looking like potential takeover candidates. On June 29, Drexel Hamilton downgraded Qualcomm to Sell from Hold, citing expected price cuts. Lastly, following media reports on July 20 that Qualcomm could be weighing a breakup, Bernstein said that such a "dis-synergistic" split would likely destroy value rather than create it. PRICE ACTION: Shares of Qualcomm are down more than 1% to $64.37 in afternoon trading ahead of Wednesday's earnings report.
10:58 EDTLUVSouthwest July weekly volatility elevated into Q2 and outlook
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July 21, 2015
05:12 EDTEAEA SPORTS partners with Real Madrid C.F. as official videogame partner
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July 20, 2015
10:43 EDTEAZillow slides to 52-week low after Barclays cuts to sell
The shares of Zillow (Z) are falling after Barclays downgraded the stock to Underweight, the firm's equivalent of a "Sell" rating, citing increased competition in the "local" segment of the Internet market. Zillow's websites advertise homes that are up for sale. WHAT'S NEW: In a note to investors earlier today, Barclays analyst Christopher Merwin wrote that, heading into second quarter results, he does not recommend Internet stocks that have been "challenged" and have relatively "cheap" valuations. These valuations are only "cheap" based on consensus estimates that are probably too high, the analyst believes. Based on that criteria, he downgraded Zillow to Underweight from Equal Weight. He also used the same criteria to downgrade Yelp (YELP), whose website features user reviews of local businesses, to Equal Weight from Overweight. Both companies are facing an "atypical level" of competition, driven by a favorable venture capital funding environment, Merwin indicated. The competition has driven down the companies' multiples, he believes. WHAT'S NOTABLE: Merwin recommended that investors buy the shares of small and mid cap Internet companies whose estimates are just beginning to be revised upwards by analysts. He identified IAC (IACI), which owns several dating websites, as one stock in this category. IAC should benefit from increased monetization of its popular Tinder dating app and the stabilization of its core dating websites, the analyst contended. Also poised for further positive estimate revisions are video game makers Electronic Arts (EA) and Activision Blizzard (ATVI), Merwin believes. The companies' increased revenue from digital games should mitigate the risk they face from slowing software growth as sales of new consoles slow, the analyst believes. He noted that 50% of both companies' revenue are now generated from digital games and identified Electronic Arts and Activision Blizzard as two of his top ideas. PRICE ACTION: In morning trading, Zillow fell 5% to $79 after hitting a 52-week low of $76.82 earlier in the session. Meanwhile, Yelp slid 1.6% to $34.40, IAC fell fractionally to $83.83, Electronic Arts added about 1% to $74.15 and activision Blizzard rose 0.5% to $25.93.
05:44 EDTEAZillow Group downgraded to Underweight from Equal Weight at Barclays
Barclays analyst Christopher Merwin downgraded Zillow Group (Z) to Underweight saying competition is increasing in local. Underweight is Barclays' equivalent to a sell rating. The real estate and rental marketplace owner closed Friday at $83.27. Merwin believes consensus growth estimates are likely too high heading into Zillow's Q2 results and cut his price target for the stock to $70 from $90. The analyst this morning also downgraded Yelp (YELP) to Equal Weight for similar reasons. His top U.S. Internet picks heading into Q2 earnings season are IAC (IACI), Activision Blizzard (ATVI) and Electronic Arts (EA). Merwin thinks Activision and Electronic Arts will receive more than half of their 2015 revenue from digital.
July 17, 2015
05:51 EDTEAJune NPD video game software sales rose 21%, says Piper Jaffray
Piper Jaffray notes June NPD video game software sales were up 21% year-over-year, driven by Batman: Arkham Knight from Warner Bros. Piper remains positive on the group and keeps Overweight ratings on Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO).
July 15, 2015
06:09 EDTEAElectronic Arts price target raised to $79 from $72 at Piper Jaffray
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