Stock Analysis Recap: Here’s Why These Stocks Were Heavily Traded This Week
Here are the hottest stocks of the week from Tuesday, Wednesday, and Thursday. We skipped Monday this week because markets were closed for President’s Day and Friday we had a special Dow 30 Quarterly Earnings Recap.
1) The Home Deport, Inc. (NYSE:HD): The Home Depot, Inc. is a home improvement retailer that sells building materials and home improvement products. The stock is down 1% to $38.11 per share today. Fourth-quarter net income rose to $587 million, or $.36 cents per share, from $342 million, or $.20 cents per share, last year. Revenue rose 4% to $15.13 billion. Analysts expected $14.81 billion. Home Depot expects revenue to rise 2.5%, from a prior forecast of 2% to 2.5%. That implies revenue of $69.7 billion.
2) Mentor Graphics Corp. (NASDAQ:MENT): Mentor Graphics Corporation manufactures, markets, and supports software and hardware electronic design automation products. Shares are up over 8% to $15.69 per share. Investor Carl Icahn has offered to buy the company for $17 per share in cash, or roughly $1.9 billion, according to a company filing. There is a possible arbitrage opportunity here, however investors appear not too confident with Icahn’s track record at the moment.
3) V.F. Corporation (NYSE:VFC): The Company owns a broad portfolio of brands in the jeanswear, outerwear, packs, footwear, sportswear and occupational apparel categories. Shares are up over 9.6% to $98.41 per share today. VF earned $54.2 million, or $.49 cents per share, compared with $66.9 million, or $.60 cents per share, a year ago. Revenue rose 11% to $2.13 billion from $1.92 billion, helped by brands including North Face, Vans, Lee and Kipling. Wall Street predicted revenue of $2.03 billion.
4) Wal-Mart Stores, Inc. (NYSE:WMT): Wal-Mart Stores, Inc. operates discount stores, supercenters, and neighborhood markets. The Company’s discount stores and supercenters offer merchandise such as apparel, housewares, small appliances, electronics, and hardware. Shares are down 3.85% to $53.25 per share today. Wal-Mart posted net income of $6.06 billion, or $1.70 per share, in the quarter ended Jan. 31. That compares with $4.76 billion, or $1.25 per share, a year earlier. Total revenue rose 2.4% to $116.3 billion.
5) Hewlett-Packard (NYSE:HPQ): Hewlett-Packard Company provides imaging and printing systems, computing systems, and information technology services for business and home. Shares are down 1.6% to $47.90 per share today ahead of the company’s big earnings announcement after-the-bell. Analysts are estimating $1.29 per share for the quarter on $32.95 billion in revenue.
6) USG Corp. (NYSE:USG): USG Corporation, through its subsidiaries, manufactures and distributes building materials. Shares are down 9.24% to $17 per share today on a major pullback toward the 50-day price moving average. Today’s macroeconomic data and housing numbers disappointed shareholders of this homebuilding material company.
7) United States Oil Fund (NYSEArca:USO): United States Oil Fund LP is an exchange-traded fund incorporated in the USA. The Fund’s objective is for the units’ net asset value to reflect the performance of the spot price of West Texas Intermediate light. Over 31 million shares have traded hands today. Shares of USO are up 5.58%. Major unrest in Libya and the Middles East is causing oil to soar. General Motors (NYSE:GM), Ford Motor (NYSE:F) and Toyota Motors(NYSE:TM) stand to benefit from hybrid sales this quarter.
8) Forest Oil Corp (NYSE:FST): Forest Oil Corporation is involved in the acquisition, exploration, development, production, and marketing of natural gas and crude oil in North American and international locations. Over 4 million shares have traded hands today. Shares are down over 9.5% to $35.34 per share. The company missed earnings expectations today by $.03 per share. For the fourth quarter, the company reported net income of $16.2 million, or $.14 cents a share, compared with $45.2 million, or $.40 cents a share, a year ago. Revenue was $214.4 million, compared with analysts expectations of $237 million.
9) Delcath Systems, Inc. (NASDAQ CM:DCTH): Delcath Systems Inc. has developed a system to isolate the liver from the circulatory system and to administer chemotherapy and other therapeutic agents directly to the liver. Shares are down over 36% to $7.10 per share. Over 9 million shares have traded hands today. Delcath said the FDA refused to file the application for its chemotherapy system, which delivers heavy doses of a chemotherapy drug directly to the liver.
10) Macy’s (NYSE:M): Macy’s, Inc. operates department stores in the United States. Shares are down 2.36% to 23.19 per share today. For the fourth quarter, Macy’s earned $667 million, or $1.55 per share compared to a net income of $445 million, or $1.05 per share, a year earlier. Quarterly revenue rose 5 percent to $8.269 billion, narrowly missing Wall Street’s average forecast for $8.277 billion. Macy’s forecasts fiscal 2011 earnings between $2.25 and $2.30 per share. The company also expects its annual revenue to rise about 3%, which would yield total revenue of approximately $25.8 billion.
1) Frontier Communications Corp (NYSE:FTR): Frontier Communications Corporation provides communications services to rural areas and small and medium-sized towns and cities. The Company offers a variety of voice, data, and Internet, and television services. Shares are almost 8% to $8.47 per share today after a very disappointing earnings release. The company earned $46 million, or $.05 cents per share, in the October-to-December period. That was up from $4.4 million, or $.01 cent per share, a year ago. Revenue more than doubled to $1.36 billion from $521 million a year ago. Analysts polled by FactSet were expecting higher earnings of $.10 cents per share on total revenue of nearly $1.39 billion. Investors are selling shares today.
2) DIRECTV (NASDAQ:DTV): DIRECTV provides digital television entertainment in the United States and Latin America. The Company acquires, promotes, sells and distributes digital entertainment programming via satellite to residential and commercial subscribers. Shares are up almost 3% to $45.54 per share today. The company reported net income was $618 million, or $.74 cents per share. That compares with a loss of $32 million, or $.03 cents per share, in the same period a year ago. Revenue grew 11% to $6.62 billion from $5.98 billion, beating the average analyst estimate of $6.52 billion. In the U.S., it added 289,000 subscribers, more than double the 119,000 subscribers it added a year ago. It also exceeded analyst expectations around 250,000.
3) Saks Inc. (NYSE:SKS): Saks, Inc. operates department stores in the United States. The stores offer a wide variety of branded and private label merchandise including luxury apparel, shoes, accessories, cosmetics, and decorative home furnishings. Shares are down over 3% to $11.76 per share today after the company reported net income of $25 million, or $.14 cents per share. A year ago the company lost $4.6 million, or $.03 cents per share. Revenue rose 7% to $866.3 million from $811.3 million, beating Wall Street’s estimate of $854.4 million. Looking ahead, the company anticipates revenue at stores open at least a year will rise in the mid-single digits for the full year.
4) Lowe’s Companies (NYSE:LOW): Lowe’s Companies, Inc. is a home improvement retailer that distributes building materials and supplies through stores in the United States. The Company offers a complete line of products and services for home decorating, maintenance, repair, remodeling, and property maintenance. Shares are down 1.62% to $25.57 per share today following their latest quarterly earnings report. The company said its quarterly profit rose to $285 million, or $.21 cents a share, from $205 million, or $.14 cents a share, in the year-earlier period. Revenues increased 3.1% to $10.5 billion.
5) Vertex Pharmaceuticals (NASDAQ:VRTX): Vertex Pharmaceuticals Incorporated discovers, develops, and commercializes novel, small molecule pharmaceuticals for the treatment of diseases for which there are currently limited or no effective treatments. The Company is developing drugs for the treatment of viral diseases, multidrug resistance in cancer, inflammatory and autoimmune diseases, and neurodegenerative diseases. Shares are up over 14% to $43.66 per share today. The company said its potential cystic fibrosis drug improved lung function in a key late-stage study.
6) Denbury Resouces (NYSE:DNR): Denbury Resources Inc. acquires, develops, operates and explores oil, and gas properties, primarily in the Gulf Coast region of the United States. Shares are up 4.5% to $23.85 per share today. In the fourth-quarter, the company earned $.22 cents a share on an adjusted basis, on revenue of $485.3 million. Polled analysts were expecting $.19 cents a share on revenue of $491.78 million.
7) Oclaro Inc. (NASDAQ:OCLR): Oclaro Inc. develops, manufactures, and provides optical solutions designs. The Company manufactures and markets optical components, modules, and subsystems used in a range of diversified markets, including telecommunications, data communications, aerospace, consumer optics, and semiconductors. Shares are up over 7% to $16.32 per share. This stock was Jim Cramer’s old fav at a Harvard Mad Money show when it was under the name Bookham. Apparently, optical networking stocks are back in play.
8) Fluor Corporation (NYSE:FLR): Fluor Corporation is a professional services company. The Company provides engineering, procurement, construction and maintenance as well as project management services on a global basis. Fluor also provides outsourcing of maintenance services and asset operations, equipment rental and sales, business support services, and other services. Shares are down over 2% to $68.66 per share today after quarterly net profit declined to $117 million, or $.65 cents per share, from $149 million, or $.82 cents per share, in the same quarter a year before, Fluor said on Wednesday. Revenue dropped 4%to $5.27 billion.
9) Polypore International (NYSE:PPO): Polypore International, Inc. develops, manufactures, and markets specialized polymer-based membranes used in separation and filtration processes. The Company serves customers globally with manufacturing facilities in North America, Europe, and Asia. Shares are down over 3.5% to $48.72 per share today, ahead of this afternoon’s highly anticipated earnings announcement. The company is expected to deliver $.34 cents earnings per share on $160.31 million in revenues.
10) Eaton Vance (NYSE:EV): Eaton Vance Corp. creates, markets, and manages mutual funds. The Company also provides management and counseling services to individual and institutional clients. Shares are down 3.86% to $31.65 per share today after the company delivered net income of $37.5 million, or $.30 cents per share, compared with $46.2 million, or $.37 cents per share, a year ago. Revenue climbed nearly 15% to $312.3 million from $272 million. Shareholders are taking profits today.
1) Safeway, Inc (NYSE:SWY): Safeway Inc. operates a retail food and drug chain in the U.S. and Canada. The Company also has a network of distribution, manufacturing, and food processing facilities. Safeway’s retail operations are located in California, Oregon, Washington, Alaska, Colorado, Arizona, Texas, the Chicago metropolitan area and the Mid-Atlantic region, British Columbia, Alberta and Manitoba/Saskatchewan. Almost 10 million shares have traded hands today. The stock is trading down over 1% to $21.77 per share. Safeway reported net income of $229.6 million, or $.62 cents per share, compared to a loss $1.61 billion, or $4.06 per share. Revenue increased 1% to $12.8 billion from $12.69 billion. That tops Wall Street’s estimate of $12.45 billion. The company said it will provide its 2011 earnings outlook on March 8th at its annual investor conference.
2) Newmont Mining (NYSE:NEM): Newmont Mining Corporation acquires, explores, and develops mineral properties. The Company produces gold from operations in the United States, Australia, Peru, Indonesia, Ghana, Canada, New Zealand and Mexico. Newmont also mines and processes copper in Indonesia. Over 12 million shares have traded hands today. The stock is down over 7% to $54.87 per share after the company said it earned earned $812 million, or $1.61 per share, compared with $558 million, or $1.13 per share, in the fourth quarter of 2009. Revenue rose to $2.55 billion from $2.52 billion a year ago. The results beat estimates as investors appear to be profit taking heavily today.
3) Target Corporation (NYSE:TGT): Target Corporation operates general merchandise discount stores in the United States. The Company’s merchandising operations include general merchandise and food discount stores and a fully integrated online business. Target also offers credit to qualified applicants through its branded proprietary credit cards. Over 13.5 million shares have traded hands today. The stock is up 3.5% to $52.02 per share following a very strong earnings report. Target reported net income of $1.03 billion, or $1.45 per share, compared with $936 million, or $1.24 per share, in the same period last year. Total revenue rose 2.4% to $20.66 billion, beating analyst estimates.
4) Frontier Oil Corporation (NYSE:FTO): Frontier Oil Corporation conducts crude oil refining in the Rocky Mountain region of the United States. The Company sells refined products to a variety of independent retailers, jobbers, and major oil companies. Shares are down over 4% to $25.51 per share today following a bumpy earnings report. The company missed on their earnings announcement by $.06, yet beat on revenues.
5) Salix Pharmaceuticals (NASDAQ:SLXP): Salix Pharmaceuticals, Ltd. develops and markets prescription pharmaceutical products for the treatment of gastrointestinal diseases. The Company markets its products to gastroenterologists in the U.S. through its own specialty sales force. Over 11.5 million shares are trading hands today as the stock is down a whopping 23% to $31.89 per share. The company said it will likely have to provide more information to the FDA before gaining expanded approval for Xifaxan as a treatment for non-constipation irritable bowel syndrome.
6) Yoku.com Inc (NYSE:YOKU): Youku.com Inc. is an Internet television company. The Company’s Internet television platform enables consumers to search, view and share video content quickly and easily across multiple devices in the People’s Republic of China. Shares are up 11% to $36.48 per share today as the recent IPO is back in play on news of higher wage levels for Chinese employees.
7) The Gap Inc. (NYSE:GPS): The Gap, Inc., is an international specialty retailer operating retail and outlet stores. The Company sells casual apparel, accessories and personal care products for men, women, and children. The Gap operates stores in the United States, Canada, the United Kingdom, France, Ireland, and Japan. The stock was up in the morning before settling back down at $22.35 per share. The company is on deck for a big earnings release after-the-bell today. Analysts are expecting $.57 earnings per share on $4.26 billion in revenue.
8) El Paso Corporation (NYSE:EP): El Paso Corporation operates natural gas pipeline and storage facilities, transports natural gas, and imports liquefied natural gas. El Paso also explores for and produces natural gas. The Company has operations in the United States, Brazil, and Egypt. Almost 13 million shares have traded hands today. The stock is up to $17.71 per share following a strong earnings report release today.
9) MetroPCS Communications (NYSE:PCS): MetroPCS Communications, Inc. is a wireless communications provider in the United States. The Company offers unlimited wireless voice and data services to the mass market. Shares are up over 4% to $13.38 per share today. The company earned $13.6 million, or $.04 cents per share, down from $33.1 million, or $.09 cents per share, in the same period a year earlier.Revenue jumped 15% to $1.07 billion from $930 million.
10) Sears Holdings (NASDAQ:SHLD): Sears Holdings Corporation is a broadline retailer with full-line and specialty retail stores in the United States and Canada. The Company retails home appliances, as well as tools, lawn and garden products, home electronics, and other products. Sears Holdings also provides automotive repair and maintenance. Shares are down over 5% to $82.42 per share today. Profits declined to $374 million, or $3.43 a share, from $430 million, or $3.74 a share, in the year-earlier period. Revenue slipped less than 1% to $13.14 billion from $13.25 billion. Sears announced the hiring of a new CEO to pursue turnaround leadership for the iconic American retail brand.