Footlocker Rides Nike to Strong Second Quarter Results
Footlocker continues to capitalize on Nike’s strong product offerings, but we think shares are fairly valued.
Brian Nelson
Lowe’s Second Quarter Disappoints; Outlook Slashed
Home improvement heavyweight Lowe’s reported a poor second quarter, substantially lagging Home Depot. We continue to stay away from the shares.
Aetna Nabs Coventry
Consolidation continues in the health insurer space, as Aetna acquires Coventry, a company leveraged to Medicaid.
Alert: Best Idea Apple Hits All-Time High
Best idea Apple is setting another all-time price high today. We continue to expect upside to over $800 per share.
The Gap is Back…But We’re Not Chasing It Here
Retailer Gap (click ticker for report: ) shrugged off sluggish international demand to post another strong quarter Thursday. For its second quarter, the retailer grew sales 6% from the same period a year ago, to $3.6 billion, north of consensus expectations. Earnings per share increased 40% to $0.49, which was also better than consensus estimates. The firm hiked its 2012 bottom-line earnings per share guidance range to $1.95-$2.00, a meaningful increase from its previous range of $1.78-$1.83. Other than its international segment, Gap is firing on all cylinders. Systemwide same-store sales grew 4% year-over-year, despite a 5% decline in the international division. Though Gap North America and Banana Republic lapped negative comparisons, both segments grew 7%. Management noted trends regarding … Read more
Is Sears the Ultimate Value Stock?
We don’t think so, but we assess the retailer after its weak second quarter results and bullish commentary from Bruce Berkowitz.
Wal-Mart Keeps Rolling
After struggling in 2010, Wal-Mart is back on track. Still, we think shares are fairly valued.
Ross Stores Posts A Strong Second Quarter
Discounter Ross Stores posted strong second-quarter results, but shares are too rich for our liking.
Cisco Makes Itself a True Income Investment
In addition to reporting strong earnings, Cisco boosted its dividend 75% to give it a meaningful yield.
Hedge Fund Manager Bets Big on Health Insurers
Hedge fund manager David Einhorn established positions in several large health insurers. We like the move, but prefer the Healthcare Select Sector SPDR (XLV).