You don’t absolutely have to get into Dollar General at its IPO price
Posted on November 6, 2009 at 12:57 pmBut it sure will help your portfolio if you do… Jutia contributor Brandon Clay says the Goodlettsville-based retailer likely won’t trade at a discount to Wal-Mart long after it goes public.
It’s a cash cow so long as the debt load can be managed and eliminated.
permalink | Comment on this post
Go, Genesco, go
Posted on at 11:56 am
Robert W. Baird analyst Mitch Kummetz has raised his rating on the Nashville retailer to ‘outperform.’ Kummetz, who two months ago was quite sober about the company’s prospects, also has lifted his price target to $34 from $25. On a lackluster day for the market, Genesco shares (Ticker: GCO) are up more than 3 percent.
permalink | Comment on this post
Double-digit days for LP, O’Charley’s
Posted on November 5, 2009 at 2:57 pm
Shares of Louisiana-Pacific (Ticker: LPX) are basking in the afterglow of analyst praise and have extended the strong run that was cut short yesterday. Heading into the close, they’re up more than 17 percent.
Why O’Charley’s is up about the same amount is more of a puzzle. Yes, many industry players are having good days, but this Dow Jones chart shows Nashville-based O’Charley’s (Ticker: CHUX) is outpacting them by a factor of two to one.
permalink | Comment on this post
AmSurg’s affordable growth
Posted on at 12:47 pmSmartMoney’s Jack Hough has culled through the numbers to unearth some stocks that provide solid growth at a nice price. Among his finds is Nashville-based AmSurg, which from 2005 to 2008 grew its top line by 64 percent and its operating earnings by 57 percent. Today, its shares (Ticker: AMSG) are up about 2 percent, in line with the broader market.
permalink | Comment on this post
Analysts impressed with LP
Posted on at 7:43 am
Although they rolled over late in the day like the broader market, shares of Louisiana-Pacific (Ticker: LPX) had a nice Wednesday after several analysts praised Rick Frost’s crew for their steady hand during a “sloppy” economy. D.A. Davidson analyst Steven Chercover raised his rating on the company to ‘buy’ from ‘neutral.’
permalink | Comment on this post
Upgrades lift Gaylord
Posted on November 4, 2009 at 10:34 am
Shares of Gaylord Entertainment (Ticker: GET) are up more than 7 percent this morning on the back of upgrades from FBR Capital Markets and Wells Fargo. The move comes after a similarly strong day yesterday, when Gaylord reported better-than-expected Q3 numbers.
FBR researcher Patrick Scholes has lifted his rating on Gaylord to ‘market perform’ from ‘underperform’ and put a price target of $17 on the stock. At Wells, analyst Jeff Donnelly said the main pricing risks to Gaylord’s business are baked into the stock, which should trade between $16 and $18 going forward.
permalink | Comment on this post
Check the charts, yo
Posted on November 2, 2009 at 8:57 am
Mutual fund manager Michael Kahn says stocks are due “for a real correction” now that the momentum from positive earnings reports has petered out.
Breakdowns are also evident in managed-care stocks, steel, clothing, retail, semiconductors, homebuilders, gaming and many others. The selling is affecting all major areas of the market and not just a select few.
permalink | Comment on this post
The sidelines thin out
Posted on October 29, 2009 at 8:51 amGoldman Sachs researchers say investors don’t have as much cash available to pour into the market as many observers assume. That doesn’t bode well for the rally’s endurance.
permalink | Comment on this post
The case for a scorching 2010
Posted on October 28, 2009 at 7:28 am
Formula Capital’s James Altucher says a double dip isn’t his main concern for the coming year. The hedge fund manager is more anxious about rip-roaring economic growth — powered by companies replenishing inventories and the stimulus doing its thang — and a huge run up in the stock market.
“It’s gonna be enormous… We’re barely going to look back.”
permalink | Comment on this post
Tractor Supply’s short-sighted sellers
Posted on October 27, 2009 at 11:20 amMotley Fool’s Rob Plaza says those dumping Tractor Supply following its Q3 report last week are jumping off “one of the only growth stories in retail.” Tractor Supply shares (Ticker: TSCO) have gained 28 percent this year.
permalink | Comment on this post
It’s not good to be called out by Dick Bove these days
Posted on at 7:31 am
That’s something investors in SunTrust and Fifth Third, Greater Nashville’s third- and fifth-largest banks, came to find out firsthand Monday, when Bove said their banks aren’t valued appropriately given the loan losses they still need to absorb. Other large regional banks active here shared in the misery, though their trading volumes were more in line with normal days.
permalink | Comment on this post
Analyst action: Healthways, Pinnacle, Synovus
Posted on October 26, 2009 at 12:46 pm
After Healthways’ big gain following its Q3 report, Stifel Nicolaus analyst Tom Carroll has lowered his rating on the disease manager (Ticker: HWAY) to ‘hold’ from ‘buy.’ The valuation-based call is diametrically opposed to that of Art Henderson at Jefferies, who on Friday upgraded Healthways and raised his target to $20. So far, Carroll is winning: Healthways is down 7 percent today.
At Zacks Investment Research, shares of Pinnacle Financial are now on the ‘exclusive’ list of stocks investors should sell or avoid in the coming months. Pinnacle (Ticker: PNFP) last week reported a larger-than-expected loss.
And in related regional banking news, Wunderlich analyst Kevin Reynolds has some strong words on Synovus Financial Group, the parent of The Bank of Nashville. Reynolds has dropped Synovus to a ’sell’ and slapped a price target of $1.50 on the shares — half the price at the open today. The company last week posted a loss of more than $400 million and its stock (Ticker: SNV) has fallen more than 60 percent this year.
permalink | Comment on this post
A tell on O’Charley’s earnings?
Posted on at 7:29 amThat would be one way to interpret the sudden, negative and high-volume price action in shares of the Nashville-based restaurant company (Ticker: CHUX) in the last half hour of trading Friday. O’Charley’s will report its Q3 results on Wednesday morning. Analysts are looking for a loss of 10 cents per share.
permalink | Comment on this post
A nice way to end the week
Posted on October 23, 2009 at 3:53 pmFollowing an upbeat earnings report, Healthways shares (Ticker: HWAY) rose 14 percent on Friday to their highest level in 13 months.
permalink | Comment on this post
Tractor Supply catches its breath
Posted on at 7:33 am
A notable loser in Thursday’s stock exchange action was Tractor Supply, which lost more than 6 percent after Piper Jaffray analyst Mitch Kaiser downgraded the company to ‘underweight.’ Kaiser said the expected deflation is daunting enough to lower his 2010 EPS forecast by 6 percent.
Recent Comments
We don’t know the final...
This report shows that the downfall started when the...
What an ego, the next thing you know the unio will want to consult prior...
Wow HCA pays its Employee’s to...
Another SEIU power play to show how important they are. Their...
Taxation caused the moves to Mexico. In an upcoming...
This reports shows that the downfall started under Bush....
In this era, the government jobs are created at...
Added government jobs are also the hardest to...
Interesting question, oatka, and here is a...