BMO Capital Markets analysts Kenneth Zaslow and Patrick Chen took a look at the valuations of Tyson Foods (TSN) and Pilgrim’s Pride (PPC) and decided they were afraid of heights. They explain why they cut Tyson Foods to Market Perform from Outperform…
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We are downgradingTyson shares to Market Perform. Our overarching view onTyson....More>>>
Dillards (DDS) fell more than 5% during after-hours trading, joining the list of retailers being done in by disappointing fiscal first quarter financial results.
At $2.17 a share, first quarter earnings fell more than expected, coming in 40 cents below the Capital IQ consensus of $2.57. Net revenue (which includes Dillards construction business) fell 4.5% to $1.5 billion, just missing the....More>>>
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In the lunar calendar that started February 8, this is the Year of the Red Monkey. I found this description of the Red Monkey quite apt:
“According to Chinese Five Elements Horoscopes, Monkey contains Metal and Water. Metal is connected to gold. Water is connected to wisdom and danger. Therefore, we will deal with more financial events in the year of the Monkey. Monkey is a smart,....More>>>
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Getty Images You’ve probably been seeing headlines about yet another financial crash on the horizon. It’s true, the International Monetary Fund has released grim projections for the immediate future of world finance. Why? Well, it’s complicated. Basically, the forces which were put in place to fix the last recession may just have caused another bubble in another sector. The....More>>>
The jobs report whiffed on expectations, coming in at 157,000 versus expectations of 192,500. However, the last two months were revised higher, so perhaps this report will be as well. Either way, investors are shrugging off the miss, as the major indices grind higher. Here are our top stock tra
On Monday, Bank of America Corp (NYSE:BAC) reported fiscal first-quarter results. The banking giant beat on both earnings per share and revenue expectations. Despite the good results, BAC stock was down in early Monday trading before rallying about 1% in the afternoon.
I recommend long Wabash National (NYSE:WNC), with a 12-month price target of $29/share, representing 32% upside from current level. WNC is a leading diversified industrial manufacturer in North America, and also the only publicly traded trailer company. WNC is currently trading at 50% discount to
Last week, Apple Inc. (NASDAQ:AAPL) beat on earnings per share and revenue expectations. Unlike a number of companies, Apple stock actually rallied on the good news, rather than falling. Shares have been moving higher ever since, climbing about $20 apiece through the end of the week.