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Stocks to Watch: Amazon, Electronic Arts, Starbucks, Sunoco, Whole Foods


The MV daily call!


Stocks to watch for Thursday, May 4:

  • Aeropostale (ARO) said Easter shopping helped boost sales at stores open longer than a year 8.4% last month. Though its total sales for the fiscal first quarter climbed 16.4% to $246.3 million, it was not enough. The company tempered its first-quarter profit projection to the mid- to low-end of its per-share range of 14 cents to 16 cents.
  • Amazon.Com (AMZN) upgraded to Hold from Sell on valuation at Citi.
  • Amerada Hess (AHC) declared a 3-for-1 stock split and said shareholders have approved the change of its corporate name to "Hess Corp." The company's stock symbol will be changed to "HES," and shares will begin trading under the new symbol on May 9.
  • BHP Billiton (BHP) said copper markets remain very positive, stockpiles very low; copper surplus in 2007 looks increasingly doubtful; can't predict when funds investment in copper will end; metals stocks low and demand healthy; sees prices remaining above historic levels; current copper prices especially challenging.
  • Consolidated Edison (ED) reported a net profit for the first quarter that was unchanged from a year ago, with rising fuel and other operating costs erasing gains from higher sales.
  • Costco (COTS) reported April Same Store Sales up 7%/ FC 5.4% on revenues of $4.39bln.
  • Eastman Kodak (EK) reported 1Q EPS ($1.04) including charges/ FC ($0.05) ex charges on revenues of $2.89bln/ FC $3.06bln; sees 2Q depreciation charges $77m.
  • Electronic Arts (ERTS) swung to a fiscal fourth-quarter loss on a soaring tax bill and issued a forecast for the coming fiscal year that was well below Wall Street expectations.
  • Global Santa Fe (GSF) reported 1Q EPS 5/ FC $0.63 on revenues of $679.4m/ FC $657.5m.
  • Hot Topic (HOTT) said its April sales at stores open at least one year fell 6.5%. Net sales for the four weeks ended April 29 rose 6% to $46.4 million. The company also reiterated its previous first quarter forecast of a loss in the range of 1 cent to 4 cents a share. Analysts, on average, expect it to post a loss of 2 cents a share, according to Thomson First Call.
  • JDSU (JDSU) said it swung to a profit for its fiscal third quarter, helped by a one-time investment gain, while revenue nearly doubled thanks to an acquisition.
  • Pier One Imports (PIR) reported April Same Store Sales down (8.7%)/ FC (0.9%); sees 1Q EPS ($0.24)-($0.28)/ FC ($0.11); to review possible sale of credit card business, to review store portfolio and other assets.
  • PMI Group (PMI) reported 1Q EPS $1.09/ FC $1.11 on revenues of $287.9m/ FC $286.94m.
  • (PCLN) reported1Q net loss of $0.02/share. Revenue rose to $241.9 million. Analysts had forecast revenue of $245.9 million.
  • Prudential Financial (PRU) reported an 11% drop in first-quarter net income late Wednesday as the life-insurance and annuity company recorded $176 million of expenses for a potential regulatory settlement.
  • Starbucks (SBUX) said it pushed its fiscal second quarter profit up 27%, while revenue jumped by 24%.
  • Sunoco (SUN) said its first-quarter profit fell 32% from a year ago, clobbered by the soaring price of crude oil and the rising cost of operating and maintaining its plants.
  • Swift Energy (SFY) reported 1Q EPS $1.24/ FC $1.05 on revenues of $136.2m/ FC $125.65m,. production 7% to 16.6bcf.
  • Titanium Metals (TIE) reported 1Q EPS $0.64/ FC $0.45 on revenues of $286.9m/ FC $240m, backlog $925m; sees FY operational income $297m-$322m on revenues of $1.1bln-$1.2bln/ FC $1.1bln.
  • Tyco (TYC)reported 2Q EPS $0.45/ FC $0.42 on revenues of $10.2bln/ FC $10.2bln, healthcare revenues $2.41bln, fire and security revenues $2.87bln, electronic revenues $3.24bln, engineered products and services revenues $1.69bln; sees 3Q EPS $0.46-$0.48/ FC $0.50, FY EPS $1.80-$1.85/ FC $1.83; company to buyback $2bln in stock this year.
  • UnumProvident (UNM) reported first-quarter results that were dented by new costs related to a regulatory settlement first arranged in late 2004.
  • Whole Foods Market (WFMI) said 2Q profit rose 27%, as strong sales and increasingly profitable new stores offset this year's shift of Easter into April as well as rising opening costs.
  • Wynn Resorts Ltd. (WYNN) reported a1Q net loss of $0.12/share, compared with a restated net loss of $29.9 million, or $0.30/share, in the year-ago period. Excluding certain items, the company reported a per-share profit of a penny compared with a penny last year. Revenue came in at $277.2 million.


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