Zacks Investment Research Zacks is the leading investment research firm focusing on equities earnings estimates and stock analysis for the individual investor, including stock picks, stock screening, portfolio stock tracker and stock screeners. http://so-l.ru/news/source/zacks_investment_research Wed, 16 Aug 2017 22:38:56 +0300 <![CDATA[Earnings Season Isn't Over: 3 Stocks That Could Still Beat Estimates]]> Second-quarter earnings season is wrapping up, and results have—once again—proven to be relatively strong across the board. Sure, certain industries are struggling, but the economy appears to be healthy and our major indexes are continuing to hover near all-time highs.

With that said, there’s obviously been plenty of positive earnings surprises that have led to skyrocketing share prices. But if you’re worried that you missed out on a chance to profit from an earnings beat, have no fear—earnings season isn’t over just yet.

Luckily, we can use the Zacks Earnings ESP to gauge whether a company is poised to beat earnings estimates. Earnings ESP (Expected Surprise Prediction) looks to find earnings surprises by focusing on the most recent analyst revisions.

This is done because, generally speaking, if an analyst reevaluates their earnings estimate right before an earnings release, it means that they have fresh information which could potentially be more accurate than what analysts thought about a company two or three months ago.

When combining a Zacks Rank #3 (Hold) or better and a positive Earnings ESP, stocks have produced a positive earnings about 70% of the time. Want to target stocks that are more likely to beat estimates before Q2 reporting season is over? Check out these three companies that have yet to report:

1.       Walmart Stores, Inc. (WMT)

Walmart has been pumping a ton of cash into revamping its stores and expanding its e-commerce business. Therefore, it will likely face tough year-over-year comparisons this quarter. In fact, the current Zacks Consensus Estimate is calling for earnings of $1.07 per share, which would represent a decline of nearly 0.5% from the year-ago quarter.

However, analyst sentiment has been improving recently, and the Most Accurate Estimate currently sits a penny higher—giving Walmart a positive Earnings ESP of 0.94%. Combined with the stock’s Zacks Rank #2 (Buy), this should give investors additional confidence heading into its earnings announcement on Thursday morning.

 

2.       Deere & Company (DE)

Best known for its line of John Deere agricultural equipment, Deere & Company is scheduled to release its fiscal third-quarter earnings on Friday morning. The Zacks Consensus Estimate is currently calling for earnings of $1.95 per share—a nearly 26% increase from the prior-year result. Deere & Company has also surpassed the Zacks Consensus Estimate by an average of over 70% in each of the trailing four quarters.

Analyst sentiment is strong heading into the report, as we’ve seen three positive estimate revisions in just the past seven days. Additionally, the Most Accurate Estimate sits at $1.98 per share, which gives Deere & Company a positive Earnings ESP of 1.54%. This fact, along with the stock’s Zacks Rank #2 (Buy) and the company’s strong earnings surprise history, should have investors more confident about the chances of a beat.

 

3.       Best Buy Co., Inc. (BBY)

The retail sector has had a tough earnings season, but Best Buy has proven its ability to fend off competition from the likes of Amazon AMZN recently. In fact, the company has surpassed consensus estimates by an average of nearly 34% in each of the last four quarters. This quarter, the Zacks Consensus Estimate is calling for earnings of $0.63 per share, which would represent year-over-year growth of just over 10%.

Best Buy is scheduled to announce its earnings results before the market opens on August 29, and heading into the report, the company is sporting a positive Earnings ESP of 1.59%. The stock also has an “A” grade for Value in our Style Scores system, and its Zacks Rank #2 (Buy) is looking strong as we approach its report date.

 

Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaries," but that should still leave plenty of money for regular investors who make the right trades early.See Zacks' 3 Best Stocks to Play This Trend >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Amazon.com, Inc. (AMZN): Free Stock Analysis Report
 
Deere & Company (DE): Free Stock Analysis Report
 
Best Buy Co., Inc. (BBY): Free Stock Analysis Report
 
Wal-Mart Stores, Inc. (WMT): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/show/earnings_season_isn_t_over_3_stocks_that_could_st Wed, 16 Aug 2017 21:20:00 +0300
<![CDATA[Target (TGT) Stock Jumps after Q2 Earnings & Sales Beat]]> Shares of Target TGT jumped 3% in morning trading on Wednesday after reporting better-than-expected second quarter fiscal 2017 results.

Target reported adjusted earnings of $1.23 per share, beating the Zacks Consensus Estimate of $1.20. The company also reported revenue of $16.429 billion, surpassing our estimate by $147 million.

The company’s growing online sales helped Target increase its revenue, with comparable digital sales jumping 32%. The retailer has been making investments to expand its delivery capabilities this past year. Just this week, Target acquired the delivery tech company Grand Junction to help develop a same-day delivery program.

“This continues to be a challenging, competitive… environment [and] that’s why we’re particularly pleased by the ongoing progress we saw on the second quarter,” said CMO Mark Tritton during Wednesday’s earnings conference call.

Despite worries about the state of the retail industry and changing consumer trends, Target saw a growing number of consumers shop at their brick-and-mortar stores. The company credits their 1.3% rise in same-store sales to its store remodeling program.  Target finished remodeling 42 stores during the quarter and will now work towards upgrading more than 300 stores in 2018.

Target has also revised its guidance for the rest of 2017. The retail giant expects fiscal 2017 earnings between $4.34 and $4.54, up from $3.80 and $4.20 per share previous projected. Target also expects third quarter earnings to be in the range of $0.75 and $0.95 per share.

“We continue to focus on our long-term strategy, as we work to transform every part of our business and build an even better Target,” said CEO Brian Cornell. “While our recent results are encouraging, we will continue to plan prudently as we invest in building our brands, our digital channel, and the value we provide our guests.”

Target remains a Zacks Rank #2 (Buy), with a VGM score of ‘A.’

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaries," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Target Corporation (TGT): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/show/target_tgt_stock_jumps_after_q2_earnings_sales Wed, 16 Aug 2017 20:49:00 +0300
<![CDATA[Play US and Revenues with iShares' New Large-Cap ETF]]>

So far, small-cap stocks and related ETFs like iShares Russell 2000 Index Fund IWM were meant to provide true domestic exposure. Since small-cap stocks are less exposed to foreign markets, these are less scathed by a stronger greenback and economic upheaval abroad (read: Behind the Incredible 5-Year Run of Small Cap ETFs).

However, iShares recently launched a fund, iShares Russell 1000 Pure U.S. Revenue ETF AMCA, which is large-cap in nature but includes stocks that derive 85% or more of their sales from the United States and is a good replication of domestic economic health.

Inside AMCA

The fund tracks the performance of U.S. companies exhibiting higher domestic sales as a proportion of the company’s total sales relative to other large- and mid-capitalization U.S. equities, as per the issuer. All companies on the Russell 1000 Index with a domestic sales ratio of 90% or greater will get a chance to be included in the underlying index.

The ETF comprises 423 stocks with top holdings including AT&T Inc. T, Bank of America Corp. BAC and Wells Fargo WFC, having shares of 3.65%, 3.40% and 3.30%, respectively. The fund is highly concentrated on its top 10 holdings, which account for about 28.49% of the assets (read: Why You Should Bet on Blue Chip ETFs Now).
 
As far as sector allocation is concerned, Financials (24.1%), Consumer Discretionary (15.4%) and Utilities (10.5%) hold the top three spots in the fund. It is light on the technology, energy, industrials and consumer staples sectors. The fund charges 15 bps in fees from investors per year.

How Does it Fit in a Portfolio?

Investors should note that sales are harder to influence in an income statement than earnings. A company can land up on decent earnings numbers by adopting cost-cutting or some other measures that do not speak for its core strength. But it is harder for a company to mold its revenue figure. So, the revenue figure is extremely important in judging a company’s health.

Notably, the Q2 earnings season is in its tail end. Growth appears slightly weaker than the prior period, but beat ratios have emerged stronger, especially on the top line. This makes it important to have a look at the revenue-weighted products (read: 4 Sector ETFs Winning on Revenue Growth).

Moreover, U.S.-focused companies will cushion the fund against macroeconomic upheaval and negative currency translation.

ETF Competition

The newly launched ETF is less likely to face stiff competition thanks to conceptual novelty. The fund will not just revolve around revenues, it will target companies fetching more revenues from the United States.

However, the newbie may find Oppenheimer Large Cap Fund RWL as its peer. The underlying index of RWL is created by “re-weighting the constituent securities of the S&P 500 Index according to the revenue earned by the companies in the S&P 500 Index” (read: Earnings or Revenue-Weighted ETFs: Finding the Q2 Winner).

Want key ETF info delivered straight to your inbox?

Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Wells Fargo & Company (WFC): Free Stock Analysis Report
 
Bank of America Corporation (BAC): Free Stock Analysis Report
 
AT&T Inc. (T): Free Stock Analysis Report
 
ISHARS-R 2000 (IWM): ETF Research Reports
 
OPP-LC REV (RWL): ETF Research Reports
 
ISHRS-R1000 USR (AMCA): ETF Research Reports
 
To read this article on Zacks.com click here.
 
Zacks Investment Research
 
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report]]>
http://so-l.ru/news/show/play_us_and_revenues_with_ishares_new_large_cap_e Wed, 16 Aug 2017 20:30:00 +0300
<![CDATA[Every Time Trump Has Ripped Amazon and Jeff Bezos on Twitter]]> President Donald Trump took to Twitter TWTR early Wednesday morning to voice his disdain for online retail king Amazon AMZN. But this wasn’t the first time the president used the social media platform to attack Amazon. In fact, he has ripped the company on Twitter almost a dozen times.

Less than a day after using Twitter to attack chief executives who left his manufacturing council, President Trump criticized Amazon on the platform Wednesday (also read: A Complete List of CEOs Who've Left Trump's Manufacturing Council, So Far).

Shares of Amazon dipped premarket after President Trump’s 3 a.m. Twitter criticism. Amazon stock fell by around 0.85% in early morning trading, but it has climbed its way back since then and hovers roughly 0.10% lower than yesterday’s close right now.

President Trump’s attacks on Amazon aren’t new, but calling out the online retail company for destroying American jobs is a fresh wrinkle—on Twitter at least.

President Trump has criticized Amazon and its CEO Jeff Bezos in the past. According to the website Trump Twitter Archive, the president has mentioned Amazon by name 20 times on Twitter, but his early posts simply promoted his book which was being sold on Amazon.

However, after Trump announced he would run for president on June 16, 2015, his Twitter mentions of Amazon changed into attacks on the company and its chief executive.

Trump’s first three Tweets were fired off in succession in December 2015, and all attacked Amazon and Bezos about taxes and the Washington Post, which Bezos owns.

Trump attacked the company four times in December 2015, but then he did not mention Amazon by name until June 2017.

President Trump began to continually harass Amazon and the Washington Post as one entity under the Bezos umbrella and often mentioned fake news in the same breath.

Then, finally, before Wednesday’s most recent diatribe, President Trump took to Twitter for the following.

President Trump began his negative Twitter attacks against Amazon in December 2015 when the company’s stock price sat at roughly $675 a share. Today’s attack was followed by a small decline in share price. But even with Wednesday’s dip, shares of Amazon rest at around $980 a share.

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early. See Zacks' 3 Best Stocks to Play This Trend >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Amazon.com, Inc. (AMZN): Free Stock Analysis Report
 
Twitter, Inc. (TWTR): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/show/every_time_trump_has_ripped_amazon_and_jeff_bezos Wed, 16 Aug 2017 20:18:00 +0300
<![CDATA[Fiat Chrysler Joins BMW & Intel in Mega Self-Driving Car Coalition]]> On Wednesday, Fiat Chrysler FCAU said that it is banding together with German car manufacturer BMW BAMXF and tech giant Intel Corp. INTC in a self-driving car alliance. Intel, of course, notably acquired Mobileye earlier this year, which is an Israeli car-camera software provider.

BMW, Intel, and Mobileye originally formed the group over a year ago with the goal of producing fully-functioning self-driving vehicles by 2021. The companies said Fiat Chrysler would bring top engineering skills and other types of expertise to the group, which will help create an autonomous car platform that carmakers across the industry could utilize.

"Joining this cooperation will enable FCA to directly benefit from the synergies and economies of scale that are possible when companies come together with a common vision and objective," CEO Sergio Marchionne said in a statement issued Wednesday.

According to TechCrunch, the partnership expects to use 100 planned Level 4 autonomous test vehicles that Intel and Mobileye already announced they would be developing and deploying once the acquisition was complete. And, the group said it was on track to put 40 self-driving cars on the road by the end of 2017.

Fiat Chrysler follows Delphi Automotive DLPH and German automotive manufacturing company Continental AG, two top suppliers who joined with the alliance this past May and June, respectively. The car company is also part of a separate alliance with Alphabet Inc.’s GOOGL self-driving unit Waymo that is developing self-driving vehicles based Chrysler Pacifica hybrid minivans.

Groups like these are beginning to pop up all across the auto industry. German auto giant Daimler recently teamed up with components supplier Robert Bosch GmbH with plans to bring its own self-driving car standard to cities and metropolitan areas by next decade. And then you have American leaders like Ford F and General Motors GM, who both have notable self-driving car programs of their own.

Other car companies like Audi, which is part of Volkswagen VLKAY, Tesla TSLA, and Toyota Motors TM have all partnered with top Intel rival Nvidia NVDA on autonomous technology ventures.

Shares of FCAU are trading up about 1.1% in late-morning trading.

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>
 


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Alphabet Inc. (GOOGL): Free Stock Analysis Report
 
Ford Motor Company (F): Free Stock Analysis Report
 
General Motors Company (GM): Free Stock Analysis Report
 
Tesla Inc. (TSLA): Free Stock Analysis Report
 
Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report
 
Volkswagen AG (VLKAY): Free Stock Analysis Report
 
Fiat Chrysler Automobiles N.V. (FCAU): Free Stock Analysis Report
 
Bayerische Motoren Werke AG (BAMXF): Free Stock Analysis Report
 
Delphi Automotive PLC (DLPH): Free Stock Analysis Report
 
Intel Corporation (INTC): Free Stock Analysis Report
 
NVIDIA Corporation (NVDA): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/show/fiat_chrysler_joins_bmw_intel_in_mega_self_drivi Wed, 16 Aug 2017 20:16:00 +0300
<![CDATA[3 Bill Gates Quotes Every Investor Needs to Remember Right Now]]> It has been a dramatic and emotional week in the United States, and now that we have reached the halfway point, some investors might be in need of some midweek motivation. Luckily, this week’s edition of Wednesday Wisdom will feature advice from everyone’s favorite software tycoon: Bill Gates.

Best known as the co-founder of Microsoft MSFT, Gates is one of the world’s richest people—and one of its most remarkable philanthropists. After reaping in billions from his company’s technology empire, Gates and his wife Melinda devoted themselves to charity and pledged to donate more than half of their wealth to causes around the world.

Gates’ philanthropy is admirable, and his life as a successful businessman and innovator is a lesson to us all. But what can he teach the average investor? How can those of us who dream of billions study the success of the face of Microsoft?

In this week’s edition of Wednesday Wisdom, we’ll take a look a three quotes from Bill Gates in order to find answers to these questions.

Here we see Gates’ version of some age-old advice: Don’t get cocky. This is important for investors to remember because success can breed complacency and arrogance—two forces that can be incredibly dangerous on Wall Street.

The major indexes have been flirting with new highs nearly every day recently, and that means plenty of investors are making money in today’s market. That’s great, but Gates reminds us that even the smartest and most successful investors can lose too.

For those of us who are betting on the growth of companies like Nvidia NVDA, Tesla TSLA, and many others that are capitalizing on new technologies, Gates’ words about the rate of change are essential. We are constantly reminded that things like self-driving cars and artificial intelligence will revolutionize the world around us, but it’s easy to get lost in the rhetoric.

In today’s rapidly changing world, investors need to stay active. Attempting to predict when these new technologies will hit the market can be a useful task, but we want to make sure that attempting to predict these changes does not lull us into inaction.

Again, we have one of the world’s most financially successful people explaining how to learn from one’s own successes and failures. We already know that success can seduce us into thinking we can’t lose, but these words help us understand how we should actually learn from our experiences.

Many investors attempt to study their winning picks in order to help them spot the next winner. But maybe the more important technique is to study our losses so that we can avoid the next losing stock.

Want more advice from the investing greats? Check out the previous edition of Wednesday Wisdom, 3 Quotes For Investing During Uncertain Times, and remember to check back here next week!

Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaries," but that should still leave plenty of money for regular investors who make the right trades early.See Zacks' 3 Best Stocks to Play This Trend >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Tesla Inc. (TSLA): Free Stock Analysis Report
 
Microsoft Corporation (MSFT): Free Stock Analysis Report
 
NVIDIA Corporation (NVDA): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/show/3_bill_gates_quotes_every_investor_needs_to_rememb Wed, 16 Aug 2017 20:09:00 +0300
<![CDATA[Bartosiak: Trading Deere & Company's (DE) Earnings with Options]]>

On Friday, August 18th, Deere & Company (DE) will release its fourth quarter earnings results after the bell. The company is a Zacks Rank 3 (Buy), and have a Value, Growth, and Momentum score of B.

Dave will look at Deere & Company’s past earnings, take a look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.

Furthermore, Dave will uncover some potential options trades for investors looking to make a play on Deere & Company ahead of earnings.

Deere & Comapany in Focus

Deere & Company is the one world's foremost producers of agricultural equipment as well as a leading manufacturer of construction, forestry, and commercial and consumer equipment. The company, in addition, provides credit, special technology, and managed health-care products and services. 

Deere & Company is expected to report earnings at $1.95 per share according to the Zacks Consensus Estimate. Last quarter they beat earnings expectations by 46.47%. They reported earnings at $2.49per share, beating their estimate of $1.70. They have an average earnings surprise of 70.41%.

Deere & Company Price, Consensus and EPS Surprise

Deere & Company Price, Consensus and EPS Surprise | Deere & Company Quote

Bottom Line

How should investors play Deere & Company ahead of their earnings report? For insights on the best options trades, then tune in at 1:00pm CST today to see David’s thoughts.

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaries," but that should still leave plenty of money for regular investors who make the right trades early.                       

See Zacks' 3 Best Stocks to Play This Trend >>                                    


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Deere & Company (DE): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/show/bartosiak_trading_deere_company_s_de_earnings Wed, 16 Aug 2017 19:44:00 +0300
<![CDATA[Retail Sales Off to a Great Start to Q3: ETFs to Buy]]> After witnessing slight improvement in June, U.S. retail sales registered their largest increase in seven months in July. Retail sales in the U.S. jumped 0.6% sequentially in July 2017, following an upwardly revised 0.3% increase in June. The reading in July was ahead of 0.4% advancement expected by the market. Notably, sales in May were also revised up to flat from the previous reading of a 0.1% decline.

As many as 10 out of 13 major retail categories exhibited stronger sales in July than the previous month, as per tradingeconomics. Sales at Miscellaneous store retailers (up 1.8% from 1.7% decline in June), motor vehicle and parts dealers (up 1.2% from 0.9% rise in June), online retailers (up 1.3% from 1% gain in June) and building material stores (up 1.2% versus 1.1% gain in June) were among the key drivers. 

A solid job data may have helped in boosting retail sales lately. Wage growth was 2.5% year over year in July against expectations of a decline to 2.4%. As a result, the Consumer Confidence Index increased to a 16-year high of 121.1 in July, overruling expectations for a falloff (read: ETFs to Buy or Dump Post Upbeat July Jobs Data).

As per an article published on MarketWatch, online e-commerce behemoth Amazon’s AMZN third annual Prime Day helped boost sales of non-store retailers in July. Investors should note that the 30-hour event was a runaway success, marking the biggest shopping day in the company’s history (read: Amazon Prime Day Hits Record: 5 Best ETF Deals).

Also, a still-dovish Fed is perhaps acting as a tailwind as a few more months of cheap dollar should boost consumers’ purchases and the investing world.

Will the Momentum be Maintained?

With the University of Michigan's consumer sentiment for the U.S. coming in at 90.4 in August 2017 – lower than expectations of 91.5 but higher than the earlier-month reading of 90 – retail spending is likely to be moderate in the coming month.

However, there are some glitches too. Americans are utilizing their savings to finance spending thanks to still-sluggish wage growth, as per an article published on CNBC. Savings nosedived to 3.8% in the second quarter of this year from 6.2% in the year-ago quarter. So, the winning trend in retail sales may not continue.

Against this backdrop, we recommend a few ETFs that can be investors’ favorites. 

iShares Edge MSCI USA Momentum Factor ETF MTUM

The release of upbeat retail sales data helped the broader market shrug off some fears related to Trump-Kim Jong-un tensions. Plus, some other upbeat economic readings including job data and manufacturing numbers probably have led some market watchers start wagering on an earlier-than-expected Fed policy tightening. As a result, benchmark U.S. Treasury yields rose in the last two days (as of August 15, 2017). This makes the case for momentum investing intriguing at this moment.

Notably, MTUM gained about 1.8% on August 15. The fund added 1.7% after hours.

Amplify Online Retail ETF IBUY

Sales at non-store retailers rose 1.3% following a 1% rise in June. This is one area which has been more-or-less steady in recent months. This explains why online retail ETF is our pick (read: 3 ETFs & Stocks to Buy Post June Retail Sales).

iShares Edge MSCI Minimum Volatility USA Small-Cap ETF SMMV

The increase in retail sales point to the shored-up consumer confidence of Americans. This makes sense in investing in small-cap stocks which are known for true domestic exposure. However, with the broader market remaining edgy on geopolitical concerns, it is better to have a look at the minimum volatility ETF.

Want key ETF info delivered straight to your inbox?

Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Amazon.com, Inc. (AMZN): Free Stock Analysis Report
 
ISHRS-MSCI US M (MTUM): ETF Research Reports
 
AMPL-ONLN RETL (IBUY): ETF Research Reports
 
ISHRS-E MS MVUS (SMMV): ETF Research Reports
 
To read this article on Zacks.com click here.
 
Zacks Investment Research
 
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report]]>
http://so-l.ru/news/show/retail_sales_off_to_a_great_start_to_q3_etfs_to_b Wed, 16 Aug 2017 19:30:00 +0300
<![CDATA[Apple Plans to Spend $1 Billion on Original TV Programming]]> Apple AAPL has told content producers that it plans to spend $1 billion on original programming over the next year to possibly kick-start its own video streaming service.

According to The Wall Street Journal, Apple plans to acquire and produce 10 new shows. At the moment, Apple produces two shows, Carpool Karaoke and Planet of the Apps, which are available on the company’s music streaming service. The new shows produced by Apple would also appear on Apple Music, or could be a part of a new, video-only service.

The $1 billion budget will be in the hands of Jamie Erlicht and Zack Van Amburg. The previous co-presidents of Sony Pictures Television were hired this past June to take over all TV programming for Apple.

Erlicht and Van Amburg have begun meeting with Hollywood agents to find shows the company could acquire. They have also hired former WGN America TRCO President Matt Cherniss to oversee programming development.

If Apple launches a video streaming service, it is entering a competitive field. Already, there is Netflix NFLX; Amazon.com’s AMZN Prime Video; Hulu, which is owned by Disney DIS, Twenty-First Century Fox FOXA, and Time Warner TWX; Alphabet’s GOOGL YouTube TV; and Time Warner’s HBO, which produces the popular Game of Thrones, and has its own popular, standalone streaming service, HBONow.

Not to mention, Facebook FB, Verizon VZ, and AT&T T are all looking to debut video streaming services as well.

In comparison to the budgets of these other companies, $1 billion matches the amount spent by Amazon when it joined the video streaming field in 2013. However, Apple will need to expand its budget in the coming years to be competitive. Last year, HBO spent $2 billion on original programming, while Netflix is on track to spend about $7 billion in 2018.

Investors are reacting positively to the news, with shares of Apple rising 0.35% in morning trading on Wednesday.

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaries," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Time Warner Inc. (TWX): Free Stock Analysis Report
 
Walt Disney Company (The) (DIS): Free Stock Analysis Report
 
Amazon.com, Inc. (AMZN): Free Stock Analysis Report
 
Netflix, Inc. (NFLX): Free Stock Analysis Report
 
Facebook, Inc. (FB): Free Stock Analysis Report
 
Alphabet Inc. (GOOGL): Free Stock Analysis Report
 
AT&T Inc. (T): Free Stock Analysis Report
 
Verizon Communications Inc. (VZ): Free Stock Analysis Report
 
Tribune Media Company (TRCO): Free Stock Analysis Report
 
Apple Inc. (AAPL): Free Stock Analysis Report
 
Twenty-First Century Fox, Inc. (FOXA): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/show/apple_plans_to_spend_1_billion_on_original_tv_pro Wed, 16 Aug 2017 19:29:00 +0300
<![CDATA[High-Yield Bond ETF Space Slowly Turning Defensive]]> There has been constant innovation in fixed income ETF launches over the last few months. The tactics of plain-vanilla bond ETFs do not seem to be in fashion anymore and issuers are focusing increasingly on active and smart-beta bond ETFs (read: Behind Rise of Smart Beta Bond ETFs).

Within the smart-beta spectrum, issuers are lately trying to eye low-beta or low volatile or defensive high-yield bond ETFs. Let’s find out why (read: 6 Best Bond ETFs of 2016 -- High Yield Tops).

Inside New Filings and Launches

Deutsche Asset Management lately filed a product – Deutsche X-trackers Low Beta High Yield Bond ETF. The fund will track the Solactive USD High Yield Corporates [Low Beta] Index. The Underlying Index looks to measure the performance of the U.S. dollar-denominated high yield corporate bond market that shows lower overall beta to the broader high yield corporate fixed income market, as per the prospectus.

If a security’s yield is lower than that of its sector’s median yield, it will likely get an entry into the index as lower yielding bonds normally have lower beta.

Then there is IQ S&P High Yield Low Volatility Bond ETF HYLV. The fund looks to track the performance of the S&P U.S. High Yield Low Volatility Corporate Bond Index. The fund hit the market in mid-February this year and has amassed about $95.8 million in assets. It charges 40 bps in fees. The 30-Day SEC Yield for the 30-day period ended 3/31/17 was 3.65% for the fund. Consumer Discretionary was the top sector of the fund.

There is yet another fund —iShares Edge High Yield Defensive Bond ETF HYDB.The productlooks to track an index that offers greater risk adjusted and total returns, relative to the broader high yield corporate bond market. This bond ETF also aims to lower risks of the high-yield space by targeting two factors — quality and value, as per the issuer.

The fund came into the market on July 11, 2017 and has amassed about $10 million in assets. The 30-day SEC Yield as of August 14, 2017 was 5.46%. It charges 35 bps in fees. Consumer Staples, Energy, Communications, Basic Industry, Consumer Cyclical and Technology get a double-digit weight in the fund (see all High-Yield/Junk Bond ETFs here).

Why Issuers Turn to Low Beta High Yield Bond ETFs

In a still-low rate environment especially in the developed economies, high-yield bond ETFs could provide investors with income potential. However, since most of the high-yield bonds are below investment grade, these carry higher default risks. So, a look at the low risk quotient along with a higher income opportunity is a good idea in the current investing landscape.

Since lower beta means that the security is less sensitive to broader market movements, the newly-filed ETF should help investors cut down on risk and volatility associated with high yield bonds.

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IQ-SP HY LV BD (HYLV): ETF Research Reports
 
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report]]>
http://so-l.ru/news/show/high_yield_bond_etf_space_slowly_turning_defensive Wed, 16 Aug 2017 18:28:00 +0300
<![CDATA[Urban Outfitters (URBN) Stock Up on Q2 Earnings & Sales Beat]]> Urban Outfitters Inc. URBN reported better-than-expected for the second-quarter fiscal 2018 after missing the estimates in the preceding three quarters. This lifestyle specialty retail company reported earnings per share of 44 cents that surpassed the Zacks Consensus Estimate of 37 cents. However, the bottom line declined 33.3% year over year.

Following the result, the company’s shares surged nearly 21% in after-hour trading on Aug 15. However, the stock has declined 38.8% in the past six months, wider than the industry’s decline of 27% primarily due to dismal results in the trailing three quarters.

An Insight into Revenues

We observe that although net sales of $872.9 million came in above the Zacks Consensus Estimate of $864 million, it was down 2% year over year. The decline in the top line was primarily due to 5% fall in URBN retail segment comp, which somewhat offset a robust 10% gain in Free People Wholesale sales as well as a $13 million rise in non-comp sales.

Net sales by brands fell 8.5% to $323.8 million at Urban Outfitters and 1.3% to $362.4 million at Anthropologie Group but increased 9.6% to $180.2 million at Free People. For Food and Beverage net sales came in at $6.4 million compared with $5.7 million in the prior-year quarter.

The company’s net sales declined 3.1% to $690.4 million at the Retail Segment but jumped 10% to $82.3 million at the Wholesale Segment.

Comparable retail segment net sales, including the comparable direct-to-consumer channel, were down 4.9% year over year. Comparable retail segment net sales fell 7.9% at Urban Outfitters and 4% at Anthropologie Group but increased 2.9 % at the Free People. Decline in comparable Retail segment sales can primarily be attributed to dismal retail store sales performance which overshadowed growth in the company’s direct-to-consumer channel. Meanwhile, Wholesale segment net sales jumped 10%.

Margin Performance

Gross profit for the quarter came in at $297.3 million, down 13.2% from the year-ago quarter, while gross margin contracted 440 basis points (bps) to approximately 34.1% primarily due to deleverage in customer delivery and logistics expense rates. It was further impacted by higher markdowns due to dismal performance of women’s apparel and accessories product at Anthropologie and Urban Outfitters.

Management anticipates gross margin rate to decline year over year in third-quarter fiscal 2018 on account of rise in delivery as well as de-leverage in store occupancy expenditures.

Operating income declined to $75.2 million from $118.2 million reported in the year-ago quarter, while operating margin shriveled approximately 466 bps to 8.6% in the quarter.

Store Update

In the first six months of 2017, the company opened 12 new outlets – six Free People stores, four Urban Outfitters store and one each Anthropologie Group store and Beverage restaurant. The company shuttered six stores – one Anthropologie Group store, Urban Outfitters store, Food and Beverage restaurant and three Free People stores – in the same time frame.

During fiscal 2018, the company plans to open a total of 18 net new outlets, while shutting down nine stores to lease expiration. The company anticipates opening four net new Urban Outfitters stores, including three in Europe and one in North America; four net new Anthropologie stores and nine net new Free People stores. The food and beverage division has already opened one restaurant.

Urban Outfitters, Inc. Price, Consensus and EPS Surprise

Urban Outfitters, Inc. Price, Consensus and EPS Surprise | Urban Outfitters, Inc. Quote

Other Financial Details

The company ended the quarter with cash and cash equivalents of $276.8 million, marketable securities of $110.2 million and shareholders’ equity of $1,308.8 million. During the quarter, the company incurred capital expenditure of $19 million. For fiscal 2018, management anticipates capital expenditures of $90 million.

During fiscal 2017, the company bought back 1.3 million shares for approximately $46 million under the 20 million share buyback program announced on Feb 23, 2015. Moreover, during the six months ended Jul 31, 2017 the company had repurchased 5 million of shares for $91 million. During fiscal 2016, the company repurchased 12.7 million shares for approximately $382 million under the same buyback program. The company still has 1 million shares remaining under its 20 million share repurchase authorization.

Stocks to Consider

Urban Outfitters currently carries a Zacks Rank #4 (Sell), which is subject to change following the earnings announcement.

Better-ranked stocks in the retail sector include The Children's Place, Inc. PLCE, Burlington Stores, Inc. BURL and Dollar General Corporation DG. All these stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Children's Place delivered an average positive earnings surprise of 16.3% in the trailing four quarters and has a long-term earnings growth rate of 9%.

Burlington Stores delivered an average positive earnings surprise of 22.6% in the trailing four quarters and has a long-term earnings growth rate of 15.9%.

Dollar General delivered an average positive earnings surprise of 1.4% in the trailing four quarters and has a long-term earnings growth rate of 10.6%.

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


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Urban Outfitters, Inc. (URBN): Free Stock Analysis Report
 
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Dollar General Corporation (DG): Free Stock Analysis Report
 
Burlington Stores, Inc. (BURL): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/show/urban_outfitters_urbn_stock_up_on_q2_earnings Wed, 16 Aug 2017 18:01:00 +0300
<![CDATA[eBay, Facebook Team Up for Daily Deals on Mobile Marketplace]]> eBay Inc. EBAY and Facebook FB have reportedly partnered to offer daily deals on Facebook’s Mobile Marketplace.

Per a report from The Verge, the collaboration is in a test phase and aimed at assessing whether people visiting Facebook’s Marketplace are interested in discounted products.

The new feature is currently available to select users who can browse for eBay deals on Facebook's app. However, they can check out only through eBay’s site.

Investors will surely keep an eye on such moves to see whether these can boost eBay’s stock that has underperformed the industry year to date. It has returned 18.7% compared with the industry’s gain of 46.4%.

Deal Benefits

eBay will get another way to boost its Marketplace by offering its platform features to Facebook and getting access to the latter’s huge user base in return.

eBay Inc. Revenue (TTM)

With a similar intention, eBay struck a deal with Shopify SHOP last month. The duo launched a new sales channel, an integrated platform that allows Shopify sellers to synchronize inventory information, sell products ordered on eBay and view eBay buyer messages directly from Shopify accounts.

eBay is currently re-platforming itself by building product catalogs on structured data, enhancing mobile platform, rolling out new browse inspired shopping journeys and strengthening its brand. It appears that with moves like these, eBay is trying to put these efforts to gainful use.

As far as Facebook is concerned, the deal will help it go beyond peer-to-peer sales by leveraging on eBay’s scale, brand awareness and advanced e-commerce capacities.

Our Take

Facebook launched its Marketplace last year. It allows users to buy and sell items within their local communities. It’s been considered as a competitor to eBay’s Classifieds platforms that provides a very important way to capture the local customer-to-customer opportunity and often represents customers who are selling items more suited to a local transaction.

It appears that Facebook is gradually realizing the difficulty in beating eBay’s strong position and unique capabilities in the space and better off partnering with the market leader.

This week, Facebook expanded its Marketplace to 17 European countries - France, Spain, Germany, Italy, Finland, Denmark, Portugal, the Netherlands, Ireland, Sweden, Norway, the Czech Republic, Austria, Hungary, Luxembourg, Switzerland and Belgium.

Zacks Rank and Stock to Consider

Currently, eBay has a Zacks Rank #3 (Hold). A better-ranked stock in the wider technology sector is Advanced Energy Industries AEIS with a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Long-term expected earnings per share growth rate for Advanced Energy Industries isprojected to be 13%.

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


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Shopify Inc. (SHOP): Free Stock Analysis Report
 
Advanced Energy Industries, Inc. (AEIS): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/show/ebay_facebook_team_up_for_daily_deals_on_mobile_m Wed, 16 Aug 2017 17:57:00 +0300
<![CDATA[Stock Futures Rise Amidst Political Drama]]> Ahead of today’s opening bell, stock futures are once again up, even as domestic news cycles deliver drama and tension regarding the recent words and actions of President Trump. An impromptu press conference yesterday saw the President double-down on his initial comments on the weekend tragedy in Charlottesville, which were heavily criticized by people on both the Left and the Right. Nevertheless, the Dow is enjoying a 3-day winning streak, although the S&P 500 and Nasdaq are down 4 of the last 6 sessions.

Trump’s Chief Economic Advisor Gary Cohn said he was “disgusted and upset” by the President’s latest address. Even still, he is quoted as expecting tax reform to be on track for passage before Thanksgiving. As far as healthcare reform, Cohn said he’s “not sure where that will wind up.”

More leaders from Trump’s manufacturing council are leaving in response to this continuing public relations development. Further, PayPal (PYPL) has announced it will no longer process payments to fun “alt-right” groups, and privately-held GoDaddy has already booted alt-right website Daily Stormer from its server. However, work-arounds are already occurring among groups protesting the removal of Confederate statues, among others things (nine more such protests are reportedly scheduled for the upcoming weekend). These groups are finding the Bitcoin trade useful in this regard.

Housing Starts & Permits

Housing Starts posted a disappointing headline number of -4.8% for the month of July; +0.4% had been expected. A total of 1.155 million seasonally adjusted, annualized new starts is below the 1.23 million expected, and June results were revised slightly downward as well. Consider that we’re still in the zone of warmer seasonal months, and a big negative result in new starts does demonstrate a real cooling of the new home market, near-term.

Permits fell 4.1% to 1.223 million, also a disappointment; June results were revised down to 1.227 million, and these numbers represent the weakest permits data since May. These figures overall represent the topsy-turvy world of spending and consumer confidence — for every better-than-expected Retail Sales number, like yesterday, we see a headwind with the next domestic growth metric, like Starts & Permits.

Target, Urban Outfitters Outperform

Big-box retailer Target (TGT posted a 3-cent beat on the bottom line ahead of the opening bell this morning to $1.23 per share. Revenues, however, missed the Zacks consensus of $16.82 billion in the quarter, reporting $16.42 billion. Nevertheless, this represents 1.6% growth in sales year over year, on 1.3% comps. The Zacks Rank #2 (Buy)-rated company was trading as high as +6% in today’s pre-market, but shares are now roughly +3.3%.

Urban Outfitters (URBN), however, is trading way up — more than 21% at this hour — following a fiscal Q2 2018 beat on both top and bottom lines. The company’s 44 cents per share outperformed the 37 cents expected, and revenues of $873 million topped the Zacks consensus estimate of $834 million. Same-store sales were also up in the quarter, and URBN shares — which had been down nearly 41% year-to-date — look to be making a nice bounce off multi-year bottoms.


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http://so-l.ru/news/show/stock_futures_rise_amidst_political_drama Wed, 16 Aug 2017 17:52:00 +0300
<![CDATA[Microsoft (MSFT) Acquires HPC Start-up Cycle Computing]]> Microsoft Corp. MSFT recently announced that it has acquired a computing orchestration and high performance computing (HPC) start-up called Cycle Computing for an undisclosed amount.

Cycle Computing’s flagship product CycleCloud already supports Amazon’s AMZN AWS, Google GOOGL Compute Engine and Microsoft’s Azure with big data and big computing related technologies. Microsoft has plans to integrate the HPC technology into Azure.

With names like Novaris and NASA, Cycle Computing has a diverse customer base. Microsoft will continue to support Cycle Computing clients with AWS or Google Cloud for the time being. The Azure version will be released going forward and customers will be assisted with the migration process.

We note that the integration of the acquired company and the migration of customers to the Azure platform will aid Microsoft’s top line in the long run.

Microsoft stock has gained 19.8% year to date, underperforming the 23.4% rally of the industry it belongs to.

Future of Cloud and Big Data

Per Gartner, the worldwide public cloud services market is anticipated to grow almost 18% in 2017 to $246.8 billion, up from $209.2 billion in 2016. Big Data and business analytics software market is anticipated to reach $187 billion in 2019 from $122 billion in 2015, with an increase of almost 50% over the time frame. Gartner also mentioned that by 2020 the shift to the cloud platforms will result in information technology (IT) spending of more than $1 trillion.

Per Markets&Markets, the HPC market is likely to reach $36.62 billion in 2020 from $28.08 billion in 2015, at a compound annual growth rate (CAGR) of 5.5% during the mentioned time period.

We believe this scenario is perfect to make the most of the growth prospects of cloud services, HPC and big data combined. This is what Microsoft plans to do with this acquisition. The company’s expertise in cloud services through the Azure platform coupled with Cloud Computing’s competency in deploying high performance computing on virtual environments is expected to drive growth in the long run.

Zacks Rank and Stock to Consider

Microsoft currently has a Zacks Rank #3 (Hold).

A better-ranked stock in the industry is Lam Research Corporation LRCX, sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here..    

Long-term earnings growth rate for Lam Research is projected to be 17.2%.

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


                                                                                                                
 


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Alphabet Inc. (GOOGL): Free Stock Analysis Report
 
Microsoft Corporation (MSFT): Free Stock Analysis Report
 
Lam Research Corporation (LRCX): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/show/microsoft_msft_acquires_hpc_start_up_cycle_compu Wed, 16 Aug 2017 17:51:00 +0300
<![CDATA[KBR Wins Project Management Consultancy Deal in Abu Dhabi]]> KBR, Inc. KBR recently announced that it has clinched a Project Management Consultancy (PMC) contract from Occidental of Abu Dhabi Ltd. The company will provide PMC services for Dalma and H&G Islands Projects on behalf of Abu Dhabi National Oil Company (ADNOC). Revenues related with the project will be booked as unfilled orders in Engineering and Construction (E&C) Segment backlog in second-half 2017.

The PMC Contract

Per the contract, KBR will offer project management consultancy services for the development of the Dalma Gas Field in order to increase productivity, performance and delivery of gas supply. KBR is expected to perform the work over two years, with an option to extend the time frame by another one year.

KBR will also provide project management services for the Detailed Design and Surveys phase of ADNOC’s one of the largest  ongoing sour gas fields projects located in Abu Dhabi, United Arab Emirates. These services will be provided at the Hail & Ghasha Project, which is being developed to produce about 1 billion cubic feet of sour gas per day.  

Other Notable Contracts

Notable contracts secured by the Engineering and Construction segment include a contract from Sydney Desalination Plant Pty Limited and services contract by international pager products maker, International Paper (IP).

KBR’s Engineering and Construction business segment utilizes its operational and technical excellence  to provide engineering, procurement, construction (‘EPC’) and commissioning services for oil and gas, refining, petrochemicals and chemicals customers.

Over the past three months, the stock has returned 7.1% against  the industry’s loss of 0.5%.  Analysts have become increasingly bullish on the company over the past couple of two months, as the Zacks Consensus Estimate for full-year 2017 earnings trended up over the same time frame, from $1.33 to $1.42, on the back of four upward estimate revisions.

 

KBR currently carries a Zacks Rank #3 (Hold).

Stocks to Consider

Some better-ranked stocks in the sector include TopBuild Corp. BLD, Owens Corning Inc OC and Toll Brothers Inc. TOL. While TopBuild and Owens Corning sport a Zacks Rank #1 (Strong Buy), Toll Brothers carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank  stocks here.

TopBuild has a positive average earnings surprise of 10.4% for the last four quarters, having beaten estimates all through.

Owens Corning has excellent earnings beat history, having surpassed estimates every time over the trailing four quarters. It has an average positive surprise of 20.2%.

Toll Brothers has a positive average earnings surprise of 1.1% for the last four quarters, having beaten estimates twice over the last four quarters.

The Hottest Tech Mega-Trend of All 

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires ,"" but that should still leave plenty of money for regular investors who make the right trades early. See Zacks' 3 Best Stocks to Play This Trend >>


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Toll Brothers Inc. (TOL): Free Stock Analysis Report
 
KBR, Inc. (KBR): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/show/kbr_wins_project_management_consultancy_deal_in_ab Wed, 16 Aug 2017 17:47:00 +0300
<![CDATA[DICK'S Sporting (DKS) Q2 Earnings Miss, Revenues In Line]]> After reporting in-line earnings in the first quarter of fiscal 2017, DICK'S Sporting Goods, Inc. DKS witnessed negative earnings surprise of 4% in the fiscal second quarter. However, the top line met estimates after a miss in the previous quarter.

Moreover, comparable store sales (comps) fell short of expectations. Also, management lowered its fiscal 2017 guidance.

Consequently, shares of this sporting goods retailer declined nearly 23% yesterday, highlighting investors’ fears associated with the company’s forward prospects.



In fact, this Zacks Rank #4 (Sell) stock has declined 35.6% in the last three months, wider than the industry’s loss of 10.6%. The industry is currently placed at the bottom 4% of the Zacks classified industries (245 out of 256). On the contrary, the broader Retail-Wholesale sector, of which they form part, gained 1.6%.

Q2 Highlights

DICK’S Sporting posted adjusted earnings of 96 cents per share in the second quarter that rose 17.1% from the year-ago quarter but fell short of the Zacks Consensus Estimate of $1.00. Also, the reported figure came below the company’s guidance range of $1.02–$1.07 per share. On a GAAP basis, the bottom line increased 25.6% to $1.03 per share.

Dick's Sporting Goods Inc Price, Consensus and EPS Surprise

Dick's Sporting Goods Inc Price, Consensus and EPS Surprise | Dick's Sporting Goods Inc Quote

Net sales of $2,156.9 million met the Zacks Consensus Estimate and grew 9.6% from the prior-year quarter. Consolidated comps inched up 0.1%, lagging the company’s forecast of 2–3% increase.

Comps improvement was backed by 2.1% rise in ticket, which was somewhat compensated by 2% decline in transactions. This growth amid a tough retail backdrop is attributable to improvement in the golf and footwear categories, along with solid eCommerce performance. However, sales remained soft at the hunting, athletic apparel, licensed and electronics businesses.

Delving Deeper

Backed by growth of its omni-channel network, DICK’S Sporting’s eCommerce sales rose 19% in the quarter. Notably, the eCommerce business constituted 9.2% of total sales, slightly higher than 8.5% in the year-ago period.

Gross margin contracted 82 basis points (bps) to 29.54%. This reduction was due to lower merchandize margins, coupled with occupancy de-leverage as well as increased shipping and fulfillment expenses, as a percentage of sales.

However, the operating income grew 8.2% to $159.2 million, while the operating margin contracted 10 bps to 7.4%.

Financial Aspects

DICK’S Sporting ended the quarter with cash and cash equivalents of $131.6 million and total shareholders’ equity of $1,921.3 million. Further, the company had $186.8 million outstanding borrowings under its revolving credit facility as of Jul 29, 2017.

Management amended the revolving credit facility by increasing its limit to $1.25 billion from $1 billion, and also extended the maturity to August 2022, retaining the same terms.

During the first half of fiscal 2017, DICK’S Sporting generated roughly $244.5 million cash from operating activities. Total inventory at the end of the quarter grew 11.8% on a year-over-year basis, while total capital expenditures during the quarter amounted to nearly $122 million (on a gross basis) and $83 million (on a net basis).

Dividend and Share Repurchases

DICK’S Sporting has always created value for shareholders by returning capital in the form of dividends and share repurchases.

The company paid dividends worth nearly $18.2 million during the quarter. On Aug 10, management declared a quarterly cash dividend of 17 cents per share. This is payable on Sep 29 to shareholders of record as on Sep 8, 2017.

Furthermore, DICK’S Sporting repurchased roughly 3.4 million shares worth $143 million during the quarter, following which it had shares worth nearly $875 million remaining under its standing authorization that extends through 2021.

Store Update

During the quarter, the company inaugurated 13 namesake stores, while it shuttered one specialty concept outlet. These actions took the total store count, as of Jul 29, 2017 to 704 DICK'S Sporting Goods outlets across 47 states, 98 Golf Galaxy stores in 32 states, and 29 Field & Stream stores in 14 states.

Guidance

Management remains hopeful about driving future growth and capturing market share driven by the success of its eCommerce platform and impressive progress on the recent merchandise plan of reducing vendor base, concentrating on areas with greater growth potential and optimizing collection. Also, the company remains focused on cutting down costs and amending its operating structure in an attempt to sponsor long-term growth initiatives.

However, the company lowered its fiscal 2017 outlook. For fiscal 2017, which will have an additional week, management now expects adjusted earnings in the range of $2.80–$3 per share versus $3.65–$3.75, guided earlier. In fact, the guidance includes nearly 5 cents from the 53rd week. Also, the Zacks Consensus Estimate is pegged higher at $3.61, which is likely to witness downward revisions.

Further, consolidated comps for the year are anticipated to be flat to low single-digit negative, compared with 1–3% growth projected earlier. Operating margins are also expected to decrease on a year-over-year basis.

For the third quarter of fiscal 2017, the company envisions earnings per share to lie in the band of 22-30 cents. The Zacks Consensus Estimate for the quarter is pegged higher at 55 cents. For the said quarter, management anticipates comps on low single-digit negative.

Stocks to Consider

Better-ranked stocks in the same industry include Build-A-Bear Workshop, Inc. BBW, Five Below, Inc. FIVE and Sally Beauty Holdings, Inc. SBH carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Build-A-Bear Workshop, with a long-term earnings growth rate of 22.5% pulled off an average positive earnings surprise of 73.7% in the last four quarters.

Five Below, with a long-term earnings growth rate of 28.5% delivered an average positive earnings surprise of 6.3% in the last four quarters.

Sally Beauty, with a long-term earnings growth rate of 5.6% came up with positive earnings surprise of 6.1% in the last reported quarter.

The Hottest Tech Mega-Trend of All
 
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Sally Beauty Holdings, Inc. (SBH): Free Stock Analysis Report
 
Dick's Sporting Goods Inc (DKS): Free Stock Analysis Report
 
Build-A-Bear Workshop, Inc. (BBW): Free Stock Analysis Report
 
Five Below, Inc. (FIVE): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/show/dick_s_sporting_dks_q2_earnings_miss_revenues_i Wed, 16 Aug 2017 17:43:00 +0300
<![CDATA[Top Ranked Momentum Stocks to Buy for August 16th]]> Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, August 16th:

New Age Beverages Corporation (NBEV): This healthy functional beverage company has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising more than 100% over the last 60 days.

New Age Beverages’ shares gained 2.5% over the last one month higher than S&P 500’s gain of 0.2%. The company possesses a Momentum Score of A.

Sally Beauty Holdings, Inc. (SBH): This specialty retailer of beauty supplieshas a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.3% over the last 60 days.

Sally Beauty Holdings’ shares gained 1.3% over the last one month. The company possesses a Momentum Score of A.

PDL BioPharma, Inc. (PDLI): This biopharmaceutical companyhas a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 100% over the last 60 days.

PDL BioPharma’s shares gained 14.3% over the last one month. The company possesses a Momentum Score of A.

BioTelemetry, Inc. (BEAT): This cardiac monitoring provider has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.9% over the last 60 days.

BioTelemetry’s shares gained 6.3% over the last one month. The company possesses a Momentum Score of A.

See the full list of top ranked stocks here

Learn more about the Momentum score and how it is calculated here.

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Sally Beauty Holdings, Inc. (SBH): Free Stock Analysis Report
 
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http://so-l.ru/news/show/top_ranked_momentum_stocks_to_buy_for_august_16th Wed, 16 Aug 2017 17:41:00 +0300
<![CDATA[Top Ranked Income Stocks to Buy for August 16th]]> Here are four stocks with buy rank and strong income characteristics for investors to consider today, August 16th:

First Commonwealth Financial Corporation (FCF): This banking services provider has witnessed the Zacks Consensus Estimate for its current year earnings advancing 1.3% over the last 60 days.

This Zacks Rank #2 (Buy) company has a dividend yield of 2.51%, compared with the industry average of 1.54%. Its five-year average dividend yield is 2.94%.

Crown Crafts, Inc. (CRWS): This operator in the consumer products industryhas witnessed the Zacks Consensus Estimate for its current year earnings increasing 15.4% over the last 60 days.

This Zacks Rank #2 (Buy) company has a dividend yield of 4.96%, compared with the industry average of 1.26%. Its five-year average dividend yield is 4.27%.

CenterPoint Energy, Inc. (CNP): This public utility holding companyhas witnessed the Zacks Consensus Estimate for its current year earnings advancing 1.6% over the last 60 days.

This Zacks Rank #2 (Buy) company has a dividend yield of 3.71%, compared with the industry average of 3.07%. Its five-year average dividend yield is 4.22%.

CB Financial Services, Inc. (CBFV): This bank holding companyhas witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.3% over the last 60 days.

This Zacks Rank #2 (Buy) company has a dividend yield of 3.23%, compared with the industry average of 1.54%. Its five-year average dividend yield is 3.92%.

See the full list of top ranked stocks here.

Find more top income stocks with some of our great premium screens.

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First Commonwealth Financial Corporation (FCF): Free Stock Analysis Report
 
Crown Crafts, Inc. (CRWS): Free Stock Analysis Report
 
CenterPoint Energy, Inc. (CNP): Free Stock Analysis Report
 
CB Financial Services, Inc. (CBFV): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/show/top_ranked_income_stocks_to_buy_for_august_16th Wed, 16 Aug 2017 17:35:00 +0300
<![CDATA[Ophthotech's Fovista Combo Regimen Disappoints in Phase III]]> Ophthotech Corporation OPHT announced disappointing results from a phase III study —OPH1004 — evaluating its pipeline candidate Fovista (an anti-PDGF therapy) in combination with Regeneron Pharmaceuticals, Inc.’s REGN Eylea (aflibercept) or Roche Holding AG’s RHHBY Avastin (bevacizumab) for treatment of wet age-related macular degeneration (AMD).

Ophthotech’s shares have significantly underperformed the industry so far this year. Shares of the company have lost 43.7%, comparing unfavorably with the industry’s increase of 7.1%.

The international, multi-center, randomized, double-masked, controlled phase III study evaluated the safety and efficacy of 1.5 mg of Fovista combined with Eylea or Avastin and compared with Eylea or Avastin monotherapy on patients with wet AMD. A total of 640 patients with AMD were enrolled in this trial.

Data revealed that the study failed to meet the pre-specified primary endpoint of a mean change in visual acuity at 12 months. Combined analysis from the two studies showed that patients who received Fovista combination therapy, gained a mean of 9.42 letters of vision on the Early Treatment of Diabetic Retinopathy Study (ETDRS) standardized chart at 12 months in comparison to a mean gain of 9.04 ETDRS letters for patients, who received Eylea or Avastin alone.

These results were not found to be statistically significant, thus leading to a conclusion that adding Fovista to a monthly Eylea or Avastin regimen did not result in any vision improvement in patients suffering from wet AMD. However, the Fovista combination therapy and Eylea or Avastin monotherapy were found to be well-tolerated after a year’s treatment, based on a preliminary analysis of the safety data.

The company believes, the poor results of the phase III study will not affect its strategy as it is moving ahead with multiple ongoing or planned clinical programs in orphan retinal diseases.

Notably, Ophthotech had signed a license and commercialization agreement with Novartis NVS in May 2014. While Ophthotech holds the rights to Fovista in the U.S., Novartis owns the exclusive rights to the candidate outside the U.S.

We remind investors that in December 2016, the company announced disappointing results from two pivotal phase III studies — OPH1002 and OPH1003 — evaluating Fovista in combination with Novartis/Roche Holding’s Lucentis (an anti-VEGF therapy) for treating AMD.

With no approved product in Ophthotech’s portfolio and Fovista being the most advanced candidate in the company’s pipeline, the latest development will surely prove to be a huge blow to the company. Plus, the deal with Novartis is now shrouded in uncertainty.

Zacks Rank

Ophthotech currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Roche Holding AG (RHHBY): Free Stock Analysis Report
 
Novartis AG (NVS): Free Stock Analysis Report
 
Regeneron Pharmaceuticals, Inc. (REGN): Free Stock Analysis Report
 
Ophthotech Corporation (OPHT): Free Stock Analysis Report
 
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Zacks Investment Research]]>
http://so-l.ru/news/show/ophthotech_s_fovista_combo_regimen_disappoints_in Wed, 16 Aug 2017 17:23:00 +0300
<![CDATA[Top Ranked Growth Stocks to Buy for August 16th]]> Here are four stocks with buy ranks and strong growth characteristics for investors to consider today, August 16th:

Party City Holdco Inc. (PRTY): This distributor of party supplies, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings advancing 0.8% over the last 60 days.

Party City Holdco has a PEG ratio 0.97, compared with 1.47 for the industry. The company possesses a Growth Score of A.

Nu Skin Enterprises, Inc. (NUS): This distributor of anti-aging personal care products, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.9% over the last 60 days.

Nu Skin Enterprises has a PEG ratio 1.91, compared with 2.69 for the industry. The company possesses a Growth Score of A.

LogMeIn, Inc. (LOGM): This cloud-based services provider, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings advancing 9.8% over the last 60 days.

LogMein, Inc. Price and Consensus

LogMein, Inc. Price and Consensus | LogMein, Inc. Quote

LogMeIn has a PEG ratio 2.12, compared with 2.18 for the industry. The company possesses a Growth Score of A.

Applied Optoelectronics, Inc. (AAOI): This fiber-optic networking products seller, which carries a Zacks Rank #1 (Strong Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 15.2% over the last 60 days.

Applied Optoelectronics has a PEG ratio 0.73, compared with 10.17 for the industry. The company possesses a Growth Score of A.

See the full list of top ranked stocks here

Learn more about the Growth score and how it is calculated here.

Looking for Stocks with Skyrocketing Upside?

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Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Party City Holdco Inc. (PRTY): Free Stock Analysis Report
 
Nu Skin Enterprises, Inc. (NUS): Free Stock Analysis Report
 
LogMein, Inc. (LOGM): Free Stock Analysis Report
 
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
 
To read this article on Zacks.com click here.]]>
http://so-l.ru/news/show/top_ranked_growth_stocks_to_buy_for_august_16th Wed, 16 Aug 2017 17:23:00 +0300