The market has basically shrugged off Tesla Motors’ (TSLA) most recent delivery miss. Barclays’ Brian Johnson and team don’t think they should but note that Tesla’s always been more about “cult psychology” than your run of the mill financial metrics. They explain:
Mark Schiefelbein/Associated Press
Tesla delivered 14,370 vehicles in 2Q16 (9,745 S, 4,625 X), blaming in-transit vehicles for the shortfall from the in-going guidance of 17k deliveries…
While in-transit vehicles played some role in the miss, we think lower-than-guided production also played a role, further reinforcing our skepticism around whether Tesla can meet its lofty volume targets for Model 3…
Perhaps more concerning is the fall-off in Model S demand, which is hard to explain away by production problems. 2Q deliveries were down 21% sequentially and 18% y/y. This represents, in our view, lagging demand for an aging vehicle, and puts into context Teslas decision to launch the lower-priced 60kWh version of the Model S (albeit one that has the full battery content of the 75 kWh version, yielding a drag to margins).
Best Internet Stocks To Watch For 2017: TCF Financial Corporation(TCB)
TCF Financial Corporation (TCF), incorporated on April 28, 1987, is a bank holding company. The Company’s principal subsidiary is TCF National Bank (TCF Bank). The Company operates in three segments: Lending, Funding and Support Services. Its Lending segment includes consumer real estate, commercial real estate and business lending, leasing and equipment finance, inventory finance and auto finance. Its Funding segment includes branch banking and treasury services, which includes the Company’s investment and borrowing portfolios and management of capital, debt and market risks, including interest rate and liquidity risks. Its Support Services segment includes Holding Company and corporate functions that provide data processing, bank operations and other professional services to the operating segments. TCF Bank operates bank branches in Illinois, Minnesota, Michigan, Colorado, Wisconsin, Arizona, South Dakota and Indiana.
TCF delivers retail banking products in over 40 states and a commercial banking product TCF’s primary banking markets. TCF also conducts commercial leasing and equipment finance business in all 50 states; commercial inventory finance business in approximately 50 states and Canada and indirect auto finance business in all 50 states. TCF provides financial services through various channels in its primary banking markets.
The Bank’s total loans amount to approximately $17.43 billion. The Bank’s total securities available for sale amount to approximately $889.74 million. The Bank’s total securities held to maturity amount to approximately $201.92 million. The Bank’s total deposits amount to approximately $16.71 million.
The Company makes consumer loans for personal, family or household purposes, such as home purchases, debt consolidation and financing of home improvements. TCF’s retail lending origination activity consists of consumer real estate secured lending. It also includes originating loans secured by personal property and ! unsecured personal loans. Consumer loans are made on a fixed-term basis or as a revolving line of credit. TCF has over two consumer real estate loan sale programs: one that sells nationally originated junior lien loans and the other that originates first mortgage lien loans in its primary banking markets and sells the loans through a correspondent relationship.
The Company’s commercial real estate loans are loans originated by TCF that are secured by commercial real estate, including multi-family housing, retail services, office buildings, warehouse and industrial buildings, healthcare facilities and commercial real estate construction loans to borrowers. The commercial business loans are loans originated by TCF that are secured by various types of business assets, including inventory, receivables, equipment or financial instruments. Commercial business loans are used for a range of purposes, including working capital and financing the purchase of equipment.
TCF provides a range of lease and equipment finance products for small to large companies in various select market segments, including specialty vehicles, manufacturing, construction, medical, golf cart and turf, and technology and data processing. TCF’s leasing and equipment finance businesses, TCF Equipment Finance, a division of TCF Bank, and Winthrop Resources Corporation (Winthrop), finance equipment in over 50 states. TCF Equipment Finance delivers equipment finance solutions to small and mid-size companies in various industries. Winthrop focuses on providing lease financing to mid-size and large companies and healthcare facilities that procure essential business equipment, such as computers, servers, telecommunication equipment, medical equipment and other technology equipment.
TCF Inventory Finance, Inc. (TCF Inventory Finance) originates commercial variable-rate loans, which are secured by the underlying floorplan equipment and supported by re purchase agreements from original equipment manufacturers. T! he operat! ion focuses on establishing relationships with distributors, dealer buying groups and manufacturers, giving TCF access to independent retailers in the areas of powersports, and lawn and garden.
The Company originates and services loans on new and used autos to customers through relationships established with over 11,800 franchised and independent dealers in over 50 states. Loans are originated for investment and for sale, including securitizations.
The deposits from consumers and small businesses are a primary source of TCF’s funds for use in lending and for other general business purposes. Consumer, small business and commercial deposits are attracted from within TCF’s primary banking markets through the offering of a selection of deposit products, including free checking accounts, money market accounts, regular savings accounts, certificates of deposit and retirement savings plan accounts. TCF has approximately 370 branches, c onsist of over 190 traditional branches, approximately 180 supermarket branches and over six campus branches. TCF operates approximately 150 branches in Illinois, over 100 in Minnesota, over 50 in Michigan, approximately 30 in Colorado, over 20 in Wisconsin, over seven in Arizona, approximately two in South Dakota and over one in Indiana.
TCF offers retail checking account customers’ low-cost, convenient access to funds at local merchants and automated teller machines (ATMs) through its debit card programs. Treasury Services’ engages in management of liquidity, capital, interest rate risk, and portfolio investments and borrowings. Treasury Services invest in various types of liquid assets, including the United States Department of the Treasury obligations and securities of various federal agencies and the United States Government sponsored enterprises, obligations of states and political subdivisions, deposits of insured banks, bankers’ acceptances and federal f unds. Treasury Services also engages in wholesale borrowing ! transacti! ons, which may be used to compensate for reductions in deposit inflows or net deposit outflows, or to support lending, leasing and other expansion activities. These borrowings may include Federal Home Loan Bank (FHLB) advances, brokered deposits, repurchase agreements, federal funds and other permitted borrowings from creditworthy counterparties.
The Company’s Support Services segment consists of the Holding Company and corporate functions. It provides data processing, bank operations and other professional services to the Lending and Funding segments.
- [By Ben Levisohn]
The twenty stocks in Worth’s basket are: Ameriprise Financial (AMP) Bank of America, Banner (BANR), Citigroup, Citizens Financial Group (CFG), East West Bancorp (EWBC), First NBC Bank Holding (FNBC), HFF (HF), KeyCorp(KEY), Legacy Texas Financial Group (LTXB), Lincoln National (LNC), Morgan Stanley, Old National Bancorp (ONB), PacWest Bancorp (PACW), PNC Financial Services Group (PNC), Principal Financial Group (PFG), Stifel Financial (SF), SVB Financial Group (SIVB), TCF Financial (TCB), and Wells Fargo.
Best Internet Stocks To Watch For 2017: 1-800 FLOWERS.COM Inc.(FLWS)
1-800-Flowers.com, Inc. together with its subsidiaries, operates as a florist and gift retailer in the United States. The company offers a range of products, including fresh-cut flowers, floral arrangements and plants, gifts, popcorn, gourmet foods and gift baskets, cookies, chocolates, candy, and wine through its telephonic and online sales channels, company-owned and operated retail floral stores, and franchised stores. It provides gourmet gifts, such as popcorn and specialty treats through thepopcornfactory.com; cookies and baked gifts through cheryls.com; chocolates and confections through fanniemay.com and harrylondon.com; gift baskets and towers through 1800baskets.com; Celebrations brand party ideas and planning tips through celebrations.com; and customizable invitations, announcements, and greeting cards through finestationery.com. As of July 3, 2011, the company operated 2 floral retail stores, 1 fulfillment center, and approximately 100 franchised stores located within the United States. It has strategic online relationships with Facebook, Google, AOL, Yahoo!, and Microsoft. The company was founded in 1976 and is headquartered in Carle Place, New York.
- [By Wayne Duggan]
U.S. retailers performed poorly during the Christmas holiday season, but companies in the Valentine’s Day business are hoping that Americans will spend generously in the name of love this year. These names include flower delivery company 1-800-Flowers.Com Inc (NASDAQ: FLWS), L Brands Inc (NYSE: LB) (owner of both Victoria’s Secret and Bath & Body Works), Church & Dwight Co., Inc. (NYSE: CHD) (owner of Trojan brand condoms), candy giant Hershey Co (NYSE: HSY) and luxury jeweler Tiffany & Co. (NYSE: TIF).
Best US Companies To Buy For 2017: Freshpet, Inc.(FRPT)
Freshpet, Inc., incorporated on November 12, 2004, is a manufacturer of fresh, refrigerated pet food distributed across North America. The Company operates in the segment of manufacturing, marketing and distribution of pet food and pet treats for dogs and cats. The Company offers products consisting of dog food, cat food, and dog and cat treats. Its recipes include real, fresh meat and varying combinations of vegetables, leafy greens and anti-oxidant rich fruits, without the use of preservatives, additives or artificial ingredients. All of its products are sold under the Freshpet brand name, with ingredients, packaging and labeling customized by class of retail. It also offers fresh treats across all classes of retail under the Dognation and Dog Joy labels. The Company’s products are available in various forms, including slice and serve rolls, bagged meals and tubs.
All of the Company’s products are manufactured in the United States. The Company owns and opera tes refrigerated pet food manufacturing facility in North America, the Freshpet Kitchens at Bethlehem, Pennsylvania. The Company’s products are distributed throughout the United States and Canada into retail classes, including Grocery and Mass (which includes club), as well as Pet specialty and Natural retail. It sells its products through a network of company-owned branded refrigerators, the Freshpet Fridges. The Company designs, produces, installs and maintains the Freshpet Fridge through a combination of in-house resources and partners.
The Company competes with Mars, Nestle, The J.M. Smucker Company, Colgate-Palmolive and Blue Buffalo.
- [By Lisa Levin]
Freshpet Inc (NASDAQ: FRPT) shares shot up 25 percent to $10.36. Freshpet reported a Q2 loss of $0.10 per share on revenue of $33 million.
Shares of Lantheus Holdings Inc (NASDAQ: LNTH) got a boost, shooting up 50 percent to $5.84 as the company reported strong Q2 results.
Best Internet Stocks To Watch For 2017: Intuit Inc.(INTU)
Intuit Inc. provides business and financial management solutions for small businesses, consumers, and accounting professionals primarily in the United States, Canada, the United Kingdom, Australia, India, and Singapore. The companys Small Business segment provides QuickBooks financial and business management online services and desktop software; QuickBooks technical support services; financial supplies; and QuickBooks Accountant, QuickBooks Accountant Plus, and QuickBooks Online Accountant, as well as the QuickBooks ProAdvisor Program for the accounting professionals. This segment also offers small business payroll products and services, including online payroll offerings, such as Quickbooks Online Payroll and Intuit Online Payroll; desktop payroll offerings comprising QuickBooks Basic Payroll and QuickBooks Enhanced Payroll; and full service payroll offerings, such as Intuit Full Service Payroll and QuickBooks Assisted Payr oll. In addition, it provides merchant services, including credit and debit card processing; Web-based transaction processing services for online merchants; online payment services; GoPayment mobile payment processing services; and QuickBooks point of sale solutions. Its Consumer segment provides TurboTax income tax preparation products and services; and electronic tax filing services. The companys Professional Tax segment offers Lacerte, ProSeries, ProFile, and Intuit Tax Online professional tax products and services; and electronic tax filing services, bank product transmission services, and training services. The company sells its products and services through various sales and distribution channels, including Websites, promotions, call centers, retail locations, and online mobile application stores, as well as through alliance partners, such as banks, credit unions, and other financial institutions. Intuit Inc. was founded in 1983 and is headquartered in Mountain View, California.
- [By Monica Gerson]
Intuit Inc. (NASDAQ: INTU) reported upbeat results for its third quarter and raised its FY16 guidance. Intuit shares dropped 2.15 percent to $105.00 in the after-hours trading session.
- [By Alex Jordon]
A variety of acquisitions ramps up Oracle’s presence in cloud computing, like deals with RightNow, Taleo, and Eloqua. The annual run-rate of their cloud business is already over $1 billion, larger than Workday (WDAY) and SAP (SAP) combined. New customers include British Telecom (BT), BMC Software (BMC), Siemens (SI), Yahoo (YHOO), and Intuit (INTU).
Best Internet Stocks To Watch For 2017: L Brands, Inc.(LB)
L Brands, Inc. operates as a specialty retailer of womens intimate and other apparel, beauty and personal care products, and accessories. The company operates in three segments: Victorias Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. Its products include loungewear, bras, panties, swimwear, athletic attire, fragrances, shower gels and lotions, aromatherapy, soaps and sanitizers, home fragrances, handbags, jewelry, and personal care accessories. The company offers its products under the Victorias Secret, Pink, Bath & Body Works, La Senza, Henri Bendel, C.O. Bigelow, White Barn Candle Company, and other brand names. L Brands, Inc. sells its merchandise through company-owned specialty retail stores in the United States, Canada, and the United Kingdom, which are primarily mall-based; through its Websites; and through franchises, licenses, and wholesale partners. As of January 31, 2016, the company operated 2,721 retail stores in the United States; 270 retail stores in Canada; and 14 retail stores in the United Kingdom. It also operated 221 La Senza stores in 29 countries; 125 Bath & Body Works stores in 30 countries; 19 Victoria’s Secret stores in 7 Middle Eastern countries; and 373 Victorias Secret Beauty and Accessories stores, and various small-format locations in approximately 75 countries. The company was formerly known as Limited Brands, Inc. and changed its name to L Brands, Inc. in March 2013. L Brands, Inc. was founded in 1963 and is headquartered in Columbus, Ohio.
- [By Monica Gerson]
L Brands Inc (NYSE: LB) shares fell 5.02 percent to $60.53 in pre-market trading. L Brands reported upbeat quarterly earnings, but missed analysts' sales estimates. The company also lowered its full-year earnings guidance.
Best Internet Stocks To Watch For 2017: 8×8 Inc(EGHT)
8×8, Inc. develops and markets telecommunications services for Internet protocol (IP), telephony, and video applications. The company offers 8×8 Virtual Office Business Telephone Service, an alternative to traditional private branch exchange systems that offers automated attendants to assist callers; extension-to-extension dialing services; direct inward dial; conference bridge, 3-way calling, music on hold, call park/pick-up, call transfer, hunt groups, and do not disturb services; voice mail, including email alerts and direct transfer to mailbox; call waiting/caller-ID; distinctive tone ringing; and optional receptionist console applications. Its products also include 8×8 Complete Contact Center, an integrated hosted call center solution that consists of skill-based routing, multi-media management, real time monitoring and reporting, voice recording and logging, historical reporting, interactive voice response, CRM integration, and contact and case management tools; 8×8 IP Telephones; 8×8 Virtual Meeting, a video Web conferencing service; and 8×8 Managed Hosting and Cloud-Based Computing Solutions. In addition, the company offers 8×8 Virtual Office Pro Unified Communications that allows subscribers to manage business communications functions online and delivers various tools, such as Microsoft Outlook contacts and corporate directory integration; virtual meeting; Virtual Office Mobile extension; fax; call recording; presence management; and a view of voicemails, recordings, FAX messages, calls, and chat history. The company markets its services under 8×8 brand to end users through direct sales force, Web site, and third party resellers primarily in the United States. As of June 30, 2011, it had approximately 25,000 business customers. 8×8, Inc. was founded in 1987 and is headquartered in Sunnyvale, California.
- [By Lisa Levin]
On Thursday, telecommunications services shares gained by 0.42 percent. Meanwhile, top gainers in the sector included 8×8, Inc. (NASDAQ: EGHT), up 4 percent, and NQ Mobile Inc (ADR) (NYSE: NQ), up 2 percent.