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Hurricanes Provide An Underappreciated Tailwind For Generac
Monday, October 2, 2017 - 12:00pm | 367Analysts at KeyBanc Capital Markets turned bullish on Generac Holdings Inc. (NASDAQ: GNRC) after chatting with the company's CEO Aaron Jagdfeld. The firm's Jeffrey Hammond upgraded Generac's stock rating from Sector Weight to Overweight with a newly assigned $55 price target. Generac's earnings...
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The Deadliest Hurricanes In US History: Amid The Carnage, A Human Cost
Friday, September 8, 2017 - 2:23pm | 731Natural disasters leave people homeless, penniless, without photos or mementos that enshrined a special time. Such calamities physically tear families apart and leave them traumatized, with wounds both physical and psychological that often never heal. They’re the lucky ones. Hurricane Harvey...
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Will Hurricane Harvey Be The Costliest Storm The Insurance Industry's Ever Faced?
Monday, August 28, 2017 - 12:19pm | 693When Hurricane Sandy blew through the Northeast, trailing $68.4 billion in damages, insurers felt a $30 billion punch, according to Statista. The Gulf’s legendary Katrina drained some $80 billion from the pot. But insurance companies could escape relatively unscathed from the weekend’s...
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Trading A Weakened El Nino
Monday, June 19, 2017 - 3:07pm | 1344When Hurricane Sandy tore through the northeast in 2012, it left behind an estimated $72 billion in damages. New York, alone, took a $33 billion economic hit forged by a two-day Wall Street shutdown, loss of 265,000 business properties and 2.2 million power outages. This year, forecasters predict...
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Morgan Stanley: Lumber Liquidators 'On Sturdier Ground'
Monday, November 24, 2014 - 1:32pm | 264Simeon Gutman of Morgan Stanley upgraded shares of Lumber Liquidators Holdings Inc (NYSE: LL) on Monday to Overweight from Equal-weight with a price target raised to $85 from a previous $60. Gutman notes that Lumber Liquidators sales slowdown in 2014 is "temporary," partially due to...
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J.C. Penney Share Price Falls Wednesday, Rises Thursday
Thursday, January 9, 2014 - 12:45pm | 621In a mere two paragraph-long statement entitled, “Comments on Holiday Performance,” J.C. Penney (NYSE: JCP) didn’t have much to say. The market did, with JCP shares closing down more than 10 percent on the day Wednesday, closing at $7.37, off by $0.82. In the statement, the company said it...
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ADP Employment Report Shows 158,000 New Jobs in March
Wednesday, April 3, 2013 - 9:00am | 643The ADP Employment report may come as a bit of disappointment, with 158,000 new jobs created. While still a decent figure for “normal” economic times, this is the fewest number of new jobs created in this survey in the past five months. It may also cause analysts to lower their expectations for...
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Life Time Fitness Tanks on Out-of-Shape Earnings Report
Friday, February 1, 2013 - 11:42am | 413Life Time Fitness (NYSE: LTM) is taking a beating in the market after releasing lackluster preliminary earnings results. EPS is expected to be in the $0.53 to $0.56 range for the fourth quarter. Analysts expected it to be $0.65. The company anticipates fourth quarter revenues will come in below...
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Did Jos. A. Bank Really Try this Classic Earnings Announcement Ruse?
Tuesday, January 29, 2013 - 10:20am | 484Even the best business suit eventually loses its luster and has to be replaced. Such may be the case with Jos. A. Bank Clothiers’ (NASDAQ: JOSB) venerable business model. Shares of the company’s stock, like their famous suit promotions, aren’t “buy one, get one” yet, but the stock did fall 18...
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Jos. A. Bank Tanks on Earnings Guidance
Monday, January 28, 2013 - 2:07pm | 384Jos. A. Bank (NASDAQ: JOSB) has updated its earnings guidance and the outlook is not good. Net income for the 2012 fiscal year is expected to be 20 percent lower than 2011. Commenting in this regard, President and CEO R. Neal Black stated, “Total company sales for the year will be up, but not...
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Travelers Flies High on Earnings Beat
Tuesday, January 22, 2013 - 1:20pm | 388The Travelers Companies (NYSE: TRV) is flying high on Tuesday after reporting a very successful fourth quarter. On first glance, it may appear the New York company had a lackluster quarter. Overall results were down substantially from a year ago. Net income was $304 million in the fourth quarter...
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Verizon Misses Earnings Estimate by Wide Margin, Still Stays Above Water
Tuesday, January 22, 2013 - 11:30am | 438Verizon Communications (NYSE: VZ) released its earnings Tuesday that came in well below expectations. Analysts expected the New York telecommunications giant to round out the fourth quarter at $0.50 per share. However, the company finished with an EPS of just $0.38 - one cent below even the...
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Brent Slips as Domestic Uncertainty Outweighs Middle Eastern Conflict
Tuesday, December 4, 2012 - 7:15am | 290The market's focus shifted from supply to demand on Tuesday, and Brent crude oil prices slipped toward $110 as a result. The commodity traded at $110.66 on Tuesday morning, in response to uncertainty about the U.S. economy in 2013. Weak manufacturing data from the U.S. showed that factory activity...
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Scholastic Tanks on Lowered Guidance
Wednesday, November 21, 2012 - 10:54am | 272Scholastic Corporation (Nasdaq: SCHL) announced Tuesday that it has revised its earnings guidance for the fiscal year ending on May 31, 2013. Originally, the company projected a range of $2.20 to $2.40 per diluted share on revenues between approximately $1.9 to $2.0 billion. The revised...
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Brent and the U.S. Begin to Recover From Hurricane Sandy
Tuesday, November 6, 2012 - 8:11am | 366Brent crude oil is slowly climbing back from a steep drop last week as hurricane repairs push forward and oil refineries resume normal output. The damage from Hurricane Sandy is still quite severe, but major cities are slowly restoring power and oil refineries are repairing damage and returning to...