Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

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.


Minyanville contributors may trade securities that are discussed on the site, both before and after the articles are published and/or may have a position in such securities for either personal or firm account(s). Minyanville contributors will indicate whether he or the firm has a position in stocks or other securities in any of the companies he discusses in an article. He will not disclose his or the firm's ownership of any securities issued by companies that are not discussed in an article. The disclosures will be accurate as of the time of publication of an article and may change at any time thereafter without notice to the reader.

The information on this website reflects an analysis of market conditions by Minyanville contributors and should not be interpreted as or deemed to be a recommendation to any investor or category of investors to purchase, sell or hold any security. Any investment decisions must in all cases be made by the reader or by his or her investment adviser. Minyanville contributors will not respond to requests for individual and specific investment advice.

The views expressed on this website are solely those of the writers whose articles appear on this site and do not necessarily reflect the views of the Fund or of any other person except where expressly indicated.

Copyright 2006 Minyanville Publishing and Multimedia, LLC. All Rights Reserved.

No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos