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Chasing Value: Ten stocks for 2010 -- Part 4

Fourteen stocks have been reviewed so far with eight of them potential contenders for 2010. These include some picks from 2009, some old dependables and a few more on the speculative side.

During the year I have written on occasion about selling put options (naked puts) because the premiums offered were very generous and from my perspective assumed market collapse. This was reflected in my July post Serious Money: The world's dumbest market

Today I am considering four naked puts and two more stocks. The options are all based on stocks now in review.

Continue reading Chasing Value: Ten stocks for 2010 -- Part 4

Options Update: Barnes & Noble volatility up into EPS and Nook outlook

Barnes & Noble (BKS) closed at $22.50. BKS is expected to report Q2 EPS on November 24. Ron Burkle, the private equity investor, doubled his stake in Barnes & Noble to 17% from 8%. BKS is expected to give its outlook of its digital book reader, Nook, during EPS conference call. December option implied volatility is at 54, January is at 51; versus its 26-week average of 48, according to Track Data, suggesting larger near term price movement.

Ford (F) closed at $8.98. Ford December option implied volatility is at 42, January is at 43; below its 26-week average of 63, according to Track Data, suggesting decreasing price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

Earnings highlights: Cisco, Ford, Humana, MasterCard, Starbucks, Toyota ...

Here are some highlights from last week's earnings coverage from BloggingStocks:

Continue reading Earnings highlights: Cisco, Ford, Humana, MasterCard, Starbucks, Toyota ...

Serious Money: Jumpy stock market but Special 'K' doing fine

What a week it was and it is starting off with more of the same! The day before Halloween the market gets spooked. The Dow drops 200 one day, rises 200 the next, and falls 250 to close the week. Yes, financial pundits could point to meaningful stories about the dollars rise, consumer spending sagging, the recession ending and so forth to explain market reactions but there is more to it than that.

Even among the 15 positions discussed in Where should granny put $50,000? only the Vanguard Total Bond Market exchange-traded fund (NYSE: BND) and the Kellogg Co (NYSE: K) were up last Friday. Good thing I advised "granny" to put half her funds in the ETF.

Continue reading Serious Money: Jumpy stock market but Special 'K' doing fine

Ford (F) posts surprising profit for its third quarter

American auto maker Ford Motor (NYSE: F) gave investors a reason to smile this morning when it posted a surprising $1 billion profit for its third quarter.

Going into this morning's earnings release, analysts had expected to see the Dearborn, Michigan-based auto manufacturer to lose 12 cents per share. But Ford had other ideas, posting a profit of 29 cents per share, or $997 million.

Continue reading Ford (F) posts surprising profit for its third quarter

Before the bell: Stocks futures point to a solid start after CIT's failure, Ford's earnings

U.S. stock futures were significantly higher Monday morning, with Wall Street ready to start November on a solid note following Friday's sharp selloff. This morning is indicative of the week ahead full of earnings and economic data. In addition, this week also features the Federal Reserve policy meeting.

On Friday, markets skidded some 2.5 percent as the fate of CIT Group (NYSE: CIT) hung in balance and the strength of the economic recovery, and with it the markets' rally, questioned. And after seven months winning streak, which took Wall Street over 50 percent higher from March lows, October finished in a down note.

Continue reading Before the bell: Stocks futures point to a solid start after CIT's failure, Ford's earnings

Ford earnings preview: Inching toward the black

Ford Motor Co. (NYSE: F), whose cost-cutting efforts encountered a setback this weekend, is scheduled to discuss its third quarter 2009 financial results in a conference call Monday at 9:00 AM ET, hosted by CEO Alan Mulally and CFO Lewis W. K. Booth. You can catch the live webcast of the call on the company's website.

During the three months that ended in September, Ford's Fusion saw record sales, it announced a boost in production, and it opened a plant in Thailand. Analysts surveyed by Thomson Reuters expect this leading auto maker to report that it further narrowed its net loss to $0.12 per share. That compares to $0.21 per share in the previous quarter and $1.31 per share a year ago. Ford has offered up smaller-than-expected losses in the past two quarters, by as much as 48 cents per share.

Continue reading Ford earnings preview: Inching toward the black

Analyst upgrades, downgrades and initiations: AMZN, BA, BAC, F, LUV, LYG T, WEN ...

Analyst upgrades:

  • RBC Capital upgraded Bank of America (NYSE: BAC) to Outperform from Sector Perform and said the company has attractive franchise value and earnings power, and is nearing the start of a credit driven earnings recovery. The firm raised its target to $22 from $19.
  • Oppenheimer assumed coverage of Amazon.com (NASDAQ: AMZN) and upgraded shares to Outperform from Perform. The firm expects Amazon's revenue growth to re-accelerate over the next several quarters, making consensus estimates too conservative. Opco set a $130 price target on the stock.
  • Barclays upgraded Ford (NYSE: F) to Equal Weight from Underweight and believes the company will report Q3 results above the Street. The firm raised its Q3 EPS estimate to 7 cents from 16 cents, vs. consensus of 21 cents, and its price target to $8 from $7.
  • Charles River Labs (NYSE: CRL) was upgraded to Neutral from Sell at Goldman.
  • Briggs & Stratton (NYSE: BGG) was upgraded to Outperform from Neutral at Baird.
  • Sealed Air (NYSE: SEE) was upgraded to Equal Weight from Underweight at Barclays.

Continue reading Analyst upgrades, downgrades and initiations: AMZN, BA, BAC, F, LUV, LYG T, WEN ...

Closing Bell: The Yo-Yo market (ENER, ITT, F, GS, UNH, RA, FIG)

Today was another trading day bare of major economic data. Shares were all over the place today with the indexes not giving any clear direction at any point of the day. It was not until right before the close that you had a real feel for whether we would close up or down today.

Here are the unofficial closing bell levels:

Dow 9,874.31 -11.49 (-0.12%)
S&P 500 1,073.56 -2.63 (-0.24%)
Nasdaq 2,140.22 +1.08 (0.05%)

Top Analyst Upgrades
Top Analyst Downgrades
Top Stock Rumors
Day Trader Alerts

Continue reading Closing Bell: The Yo-Yo market (ENER, ITT, F, GS, UNH, RA, FIG)

Former Ford execs bid for Volvo

Ford Motor Co. (NYSE: F) has been looking to sell its beleaguered Volvo unit since last December and reportedly hopes to narrow the field of bidders this month.

One of the leading contenders is the Crown group, which is led by former Ford director Michael Dingman and former Ford labor executive Shamel Rushwin. Crown entered the talks about two months ago, and it hopes to attract former Volvo executives such as one-time CEO Roger Holtback as equity partners.

Continue reading Former Ford execs bid for Volvo

Ford sales fall in September

It should not come as too big of a surprise, but American auto maker Ford Motor (NYSE: F) announced today that its sales fell by 5.1% in September.

Following this summer's widely popular "cash for clunkers" program, it was some what expected that demand would weaken during September as so many people had just recently purchased new cars to take advantage of the government program.

Continue reading Ford sales fall in September

Just about everything weighs on markets today (F, PAG, ETP, ASTI, CHTP)

The markets opened lower this morning and have continued to slide all day, mostly due to poor reports on manufacturing and unemployment. Still, for the third quarter both the DJIA and the S&P 500 indexes gained about 15%. Now, it appears that faith in an economic recovery is wobbling, primarily as a result of expected growth in unemployment and continuing low consumer spending. The federal stimulus program has pumped about $86 billion into the economy so far, but that hasn't been enough to shake loose tight-fisted lenders or cash-conserving consumers.

Here are the numbers::

Dow 9,509.28 -203.00 (-2.09%)
S&P 500 1,029.84 -27.24 (-2.58%)
Nasdaq 2,057.48 -64.94 (-3.06%)

Continue reading Just about everything weighs on markets today (F, PAG, ETP, ASTI, CHTP)

Comfort Zone Investing: Earnings will look great but ...

We're wrapping up the third quarter soon. Earnings will be out in October for most companies, certainly the largest names. They should look very good ... when compared to the third quarter of last year. And the fourth quarter will most likely look even better when comparisons are made.

There's the rub. The percentage increase in earnings will be strong for most companies as many of them wrote down assets, especially in the financials, last year at this time. Mortgages that weren't paying, loans that were way past due, they were losses. Every kind of asset a bank or thrift owned was under scrutiny. Many financials bit the bullet and wrote off large numbers, to get the bad news out of the way. Others nibbled at it, stretching out the pain over several quarters. By now many of those write offs have been taken, and those kinds of losses will be lighter, making earnings much better.

Continue reading Comfort Zone Investing: Earnings will look great but ...

Closing bell: no one cares about the Fed

The market was remarkably bored about most of what the Fed had to say about the results of the FOMC. A close reading of the minutes shows nothing new. The economy is very modestly better. The turn for the better will be slow and painful. Housing may be getting a tiny bit better. Rates will stay near zero. The only statement which may not have been expected by almost everyone is that the agency will continue buying mortgage-backed and federal debt into the first quarter of next year.

The lack of enthusiasm showed as the major indices traded fairly flat. Today's unofficial numbers:

Dow 9,749.31 -80.56 (-0.82%)
S&P 500 1,060.90 -10.76 (-1.00%)
Nasdaq 2,131.42 -14.88 (-0.69%)

Continue reading Closing bell: no one cares about the Fed

Ford Motor forecasts rebound in U.S. auto sales

Alan Mulally, president and CEO of Ford Motor Co. (NYSE: F), said Wednesday that he expects U.S. auto sales to rise during the next two years. Vehicle sales in 2009 are expected to range between 10.5 million and 11 million units, and Mulally predicts that number will increase to 12.5 million in 2010 and 14.5 million in 2011.

"It has started to pick up right now because we have had the stimulus packages," said Mulally, speaking before reporters in India. "So, it will be up a little now, then will go down. But overall in the long term, the sales will grow with the GDP number." The CEO added that Ford expects to be profitable by 2011.

Continue reading Ford Motor forecasts rebound in U.S. auto sales

Next Page »

Symbol Lookup
IndexesChangePrice
DJIA+30.6910,464.40
NASDAQ+6.872,176.05
S&P 500+4.981,110.63

Last updated: November 27, 2009: 03:09 AM

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