Market Awaits Bernanke’s Speech
August 31, 2012
The market remains focused on Bernanke’s Jackson Hole speech.
Ciena Stumbles Toward Our Fair Value Estimate
August 30, 2012
Networking equipment maker Ciena provided investors with a weak fiscal fourth quarter outlook Thursday. After the steep sell off, shares are now fairly valued. We think Cisco is one of the better long ideas in the networking space.
Costco and Target Join in on the Back to School Fun
August 30, 2012
Both larger retailers reported strong August sales during the back-to-school season. We don’t think either firm is very compelling at this time, however.
Weaker Consumer Confidence Doesn’t Impact August Retail Sales
August 30, 2012
Though consumer confidence fell in August, it didn’t impact retailers. We dig into the numbers.
Pandora Reports Strong Revenue Growth
August 30, 2012
Pandora continues to add listeners and grow revenue at a rapid clip, but the company has yet to become profitable. We’re staying away from the shares for now.
Joy Global Deals with Sluggish Global Growth
August 29, 2012
Mining equipment firm Joy Global cut its earnings outlook due to slowing growth in China. We’re becoming more constructive on the firm’s valuation at these levels but still remain on the sidelines.
Heinz Not Playing Catch-Up
August 29, 2012
The global food company, best known for ketchup, reported decent second quarter results. We think shares are fairly valued.
WellPoint Rallies after Ousting CEO
August 29, 2012
WellPoint CEO Angela Braley resigned as a result of pressure from shareholders. We still prefer the Health Care SPDR ETF.
PVH Grows…In Europe
August 29, 2012
Diversified apparel company PVH reported strong results driven by surprising strength in Europe. We think shares are fairly valued.
Nordic American Tankers Warns About Third Quarter
August 28, 2012
Nordic American Tankers warned that its third quarter will be down sequentially. We don’t like the structural characteristics of the shipping industry, and the timing of when or if fundamentals will turn for the better remains uncertain.
