Larry Schutts
- http://www.stockwinners.com
Larry Schutts, a former university professor, is vice president of Stockwinners.com and a contributing editor for Theflyonthewall.com. Larry looks for stocks with technical and fundamental characteristics indicating gains in the next 30 days. However, price movements may be volatile. He includes a stop-loss price in each post. Consider selling a position should the stop-loss be violated.
Posted Jul 8th 2008 12:50PM by Larry Schutts
Filed under: Earnings reports, Analyst upgrades and downgrades, Technical Analysis, Stocks to Buy
Apollo Group (NASDAQ: APOL) is
a for-profit educational institution, offering programs for working adults. The firm operates more than 160 learning centers and 100 campuses, granting degrees through its University of Phoenix, Western International University, Meritus University and College for Financial Planning subsidiaries. High school credits are provided through the firm's Insight Schools unit. Facilities are located in 40 states, the District of Columbia, Puerto Rico, Canada, Mexico, Chile and the Netherlands. A variety of programs are available on-line, as well. Apollo's Institute for Professional Development generates working student curricula for other colleges. Apollo Global is a joint venture with The Carlyle Group for investing in the international education services sector. On Monday evening, the company announced that it had selected Credit Suisse managing director Charles Edelstein to be its new CEO.
Apollo pleased investors last week, when it reported better-than-expected profit and revenue on higher enrollment. Fiscal Q3 EPS and revenues came in at 85 cents and $835.2 million, respectively. Analysts had been looking for 78 cents and $806.9 million. Management also said the board had authorized an increase in the share repurchase program to an aggregate of $500 million. Lehman Brothers subsequently reiterated its "overweight" rating on the issue (target = $64) and Stifel Nicolaus reiterated its "buy" (target = $70).
Continue reading Apollo Group (APOL): Share price forms bullish 'flag' formation
Posted Jul 8th 2008 11:57AM by Larry Schutts
Filed under: Earnings reports, General Electric (GE), Technical Analysis, Eaton Corp (ETN), Stocks to Buy
AZZ incorporated (NYSE: AZZ) makes
electrical products that distribute power to and from generators, transformers, switching devices, and other electrical configurations. It also offers lighting products for the petroleum, food processing, and power generation industries. Its Galvanizing Services segment provides hot dip galvanizing to the steel fabrication industry. Competitors include General Electric (NYSE: GE) and Eaton Corporation (NYSE: ETN).
The company pleased investors late last month, when it reported fiscal Q1 EPS of 82 cents and revenues of $100.0 million. Analysts had been expecting 54 cents and $90.1 million. Incoming first quarter orders set a company record of $106.9 million. The book to ship ratio came in at 107%. Management also guided FY09 EPS to $2.95-$3.05 ($2.43 consensus) and FY09 revenues to $410-$425 million ($400.04M consensus).
Continue reading AZZ incorporated (AZZ): Price defines bullish 'pennant' pattern
Posted Jul 7th 2008 2:35PM by Larry Schutts
Filed under: Earnings reports, Wal-Mart (WMT), Family Dollar Stores (FDO), Technical Analysis, Stocks to Buy
Family Dollar Stores (NYSE: FDO) operates
a chain of more the 6,500 U.S. retail discount stores, offering consumables, home products, apparel, electronic items and seasonal goods. The firm specializes in neighborhood outlets, located near its low- and middle-income customers in rural and urban areas. Most items are priced under $10. Wal-Mart Stores (NYSE: WMT) and Dollar Tree (NASDAQ: DLTR) are major competitors.
The company pleased investors last week, when it reported fiscal Q3 EPS of 46 cents and revenues of $1.7 billion. Analysts had been looking for 40 cents and $1.7 billion. The CEO attributed success to the company's "intense focus on controlling expenses and mitigating inventory risk." Management also guided Q4 EPS to 30-35 cents (29 cent consensus).
Continue reading Family Dollar Stores (FDO): Price defines bullish 'pennant'
Posted Jul 7th 2008 1:14PM by Larry Schutts
Filed under: Analyst upgrades and downgrades, Good news, AT and T (T), Technical Analysis, Stocks to Buy
CenturyTel (NYSE: CTL) is
an integrated communications company, providing carrier and enterprise level network access, local and long distance voice service, Internet access and broadband services. Its rural local-exchange carrier subsidiaries operate in the smaller communities of 25 states. Its core service areas are in Alabama, Arkansas, Missouri, Washington, and Wisconsin. AT&T (NYSE: T) is a major competitor.
The company pleased investors late last month, when it increased its annual cash dividend from 27 cents to $2.80, declared a one-time dividend of 63.25 cents per share, and accelerated the current share repurchase program to complete the remaining balance of about $385 million by early 2009. Management also said it expected to meet, or exceed, previously announced Q2 guidance for EPS of 78-82 cents (80 cent consensus) and revenues of $647-$657 million ($652.7M consensus). Soleil and Stanford Research subsequently upgraded CTL shares to "buy" status.
Continue reading CenturyTel (CTL): Share price cycles in bullish 'flag'
Posted Jul 3rd 2008 10:34AM by Larry Schutts
Filed under: Earnings reports, Diageo plc (DEO), Fortune Brands (FO), Technical Analysis, Stocks to Buy
Constellation Brands (NYSE: STZ) produces
and markets more than 250 brands of wine, spirits and beer, in about 150 countries. The Wines division, the largest maker of wine by volume in the world, is responsible for such brands as Robert Mondavi, Inniskillin, Simi, Arbor Mist and Blackthorn (cider). The Spirits division distills such brands as Black Velvet, Chi-Chi's, Fleischmann's, Canadian LTD and Mr. Boston. The Imports division has the right to import, market, and sell Corona Extra, Corona Light, Tsingtao, Modelo Especial, Pacifico and St. Pauli Girl. The firm distributes its products through wholesalers, government beverage control agencies and various retailers. Diageo (NYSE: DEO) and Fortune Brands (NYSE: FO) are major competitors.
The company pleased investors earlier in the week, when it reported fiscal Q1 EPS of 34 cents and revenues of $931.8 million. Analysts had been looking for 31 cents and $906.1 million. The highlight of the quarter was a 24% year over year rise in branded wine net sales. Management also guided FY09 EPS to $1.68-$1.76, versus consensus of $1.70.
Continue reading Constellation Brands (STZ): Share price defining bullish 'pennant'
Posted Jul 3rd 2008 9:55AM by Larry Schutts
Filed under: Earnings reports, Technical Analysis, Stocks to Buy
Robbins & Myers (NYSE: RBN) provides
equipment used for the industrial processing and management of fluids. Its Fluid Management segment offers hydraulic drilling equipment, slurry grinders and wellhead systems used by oil and gas, specialty chemical and wastewater treatment firms. The Process Solutions unit makes glass-lined reactors, storage vessels and mixing/agitation devices for the pharmaceutical and fine chemical markets. The Romaco segment provides equipment for the dosing, filling and sealing of vials, capsules, tubes and bottles.
Investors were pleased earlier in the week, when the firm reported fiscal Q3 EPS of 62 cents and revenues of $200.9 million. The Street had been looking for 58 cents and $190.2 million. Management also guided Q4 EPS to 62-67 cents (60 cent consensus) and FY08 EPS to $2.10-$2.15 ($2.05 consensus).
Continue reading Robbins & Myers (RBN): Shares defining bullish 'pennant'
Posted Jul 2nd 2008 1:55PM by Larry Schutts
Filed under: Earnings reports, Ford Motor (F), Lockheed Martin (LMT), Technical Analysis, Delta Air Lines (DAL), Stocks to Buy
AeroVironment (NASDAQ: AVAV) is
engaged in the design, development and production of unmanned aircraft systems and electric energy technologies for various industries and governmental agencies. The company's small aircraft are used by U.S. Department of Defense customers to deliver real-time reconnaissance, surveillance, and target acquisition to tactical operating units. Its electrical products include recharge systems for industrial vehicle batteries and power processing test equipment. Ford Motor (NYSE: F) and Delta Air Lines (NYSE: DAL) are on the company's commercial customer list. Lockheed Martin (NYSE: LMT) is a major competitor.
The firm pleased investors last week, when it reported fiscal Q4 EPS of 30 cents and revenues of $64.3 million. Analysts had been expecting 27 cents and $59.3 billion. In discussing the successful quarter, the CEO pointed to strength in demand for unmanned aircraft and related support services. Management also guided FY09 revenues to about $258.9-$269.7 million, versus Street consensus of $259.44 million. Funded backlog at the end of Q4 was up 35% from the same point last year.
Continue reading AeroVironment (AVAV): Share price cycles in bullish 'flag' formation
Posted Jul 2nd 2008 10:35AM by Larry Schutts
Filed under: Good news, Hewlett-Packard (HPQ), Dow Chemical (DOW), Technical Analysis, Freep't McMoRan Copper (FCX), Stocks to Buy
Taleo Corporation (NASDAQ: TLEO) offers
software that allows businesses to efficiently manage their staffing processes. Products help to automate recruitment, background screening, regulatory compliance, skills assessment and tracking of professional, hourly, and temporary employees. The firm's professional services division provides implementation and technical support. Customers range from small businesses to global enterprises. Hewlett-Packard (NYSE: HPQ), Dow Chemical (NYSE: DOW) and Freeport-McMoRan (NYSE: FCX) are among Taleo's large-cap clients.
Investors were pleased last month, when the company affirmed its Q2 EPS and revenue guidance figures. Management also said it expected this week's acquisition of talent management software maker Vurv Technology to add to its 2008 results, projecting EPS of 62 cents (60 cent consensus) and revenues of $175-$177 million ($162.8M consensus).
Continue reading Taleo Corporation (TLEO): Shares cycle through positive trading channel
Posted Jul 1st 2008 12:15PM by Larry Schutts
Filed under: Good news, Technical Analysis, Andersons Inc (ANDE), Stocks to Buy
The Andersons (NASDAQ: ANDE) is
a diversified firm, with interests in the U.S. agriculture, transportation and retail markets. Its Grain & Ethanol Group purchases and merchandises grain; operates grain elevator facilities; manages ethanol production facilities; and engages in grain and ethanol trading. The Rail Group buys, sells, leases, rebuilds, and repairs various types of used railcars and rail equipment. The Retail Group offers hardware, plumbing, electrical, and building supplies, as well as specialty foods and wines. The Plant Nutrient and Turf & Specialty Groups formulate fertilizers. The company has operations in ten states and Puerto Rico, plus rail leasing interests in Canada and Mexico.
The firm pleased investors last week, when it boosted its FY08 EPS guidance from $3.65-$4.00 to $4.40-$4.80. Analysts had been looking for $3.79. Management attributed the favorable outlook to the improved performance of the Plant Nutrient Group.
Continue reading The Andersons (ANDE): Price defines bullish 'flag' consolidation pattern
Posted Jul 1st 2008 10:12AM by Larry Schutts
Filed under: Good news, Bristol-Myers Squibb (BMY), Wachovia Corp (WB), Technical Analysis, Johnson Controls (JCI), Stocks to Buy
EMCOR Group (NYSE: EME) plans,
installs, operates and maintains the systems that create facility environments. These include installations for power generation, power distribution, lighting, security, communications, plumbing, waste treatment, heating, ventilation, refrigeration and air-conditioning. The firm also provides facilities management and maintenance support. It serves commercial, industrial and institutional clients such as Bristol-Myers Squibb (NYSE: BMY) and Wachovia Corporation (NYSE: WB). Johnson Controls (NYSE: JCI) is a major competitor.
The Street was surprised last week, when EMCOR guided FY08 EPS from $2.08-$2.28 to $2.22-$2.42 and FY08 revenues from $6.3-$6.5 billion to $6.8-$7.0 billion. Analysts had been looking for $2.31 and $6.76 billion. The CEO cited "solid order activity" and a "strong contract backlog" for the favorable view.
Continue reading EMCOR Group (EME): Shares advance through trading channel
Posted Jun 30th 2008 12:15PM by Larry Schutts
Filed under: Analyst upgrades and downgrades, Good news, Technical Analysis, Stocks to Buy
PAREXEL International Corporation (NASDAQ: PRXL) provides
contract research, medical marketing and consulting services to the pharmaceutical, biotechnology and medical device industries. Its Clinical Research Services segment offers clinical trial and data management, clinical pharmacology and related medical advisory services. The Consulting and Medical Communications Services unit offers technical advice on new product development, marketing and regulatory affairs. Subsidiary Perceptive Informatics sells IT system, medical imaging, and related services that help manage clinical trials.
The company pleased investors last week, when it guided fiscal Q4 EPS to 25-26 cents and revenues to $258-$265 million. Analysts had been looking for 26 cents and $259.31 million. Management also guided FY09 EPS to $1.10-$1.20 ($1.08 consensus) and FY09 revenues to $1.11-$1.14 billion ($1.14B consensus). Raymond James subsequently upgraded the stock to "outperform", noting that the firm "will exhibit a strong growth profile due to a strong biopharmaceutical outsourcing market, a large geographic footprint and a diversified service offering."
Continue reading PAREXEL International (PRXL): Price consolidating in bullish 'pennant' pattern
Posted Jun 30th 2008 10:34AM by Larry Schutts
Filed under: Earnings reports, Wal-Mart (WMT), Kroger Co (KR), Safeway Inc (SWY), Technical Analysis, Stocks to Buy
Kroger (NYSE: KR) is
one of the nation's largest retail grocery chains. It operates nearly 2,500 supermarkets and multi-department stores in 31 states, under such local banners as Kroger, Ralphs, Fred Meyer, Fry's, Dillons, QFC and City Market. The firm also operates about 778 convenience stores, 392 fine jewelry stores, 723 supermarket fuel centers and 41 food processing plants. Despite diversification moves, Kroger food stores still account for about 85 percent of sales. Wal-Mart (NYSE: WMT) and Safeway (NYSE: SWY) are major competitors.
The firm pleased investors last week, when it reported fiscal Q1 EPS of 58 cents and revenues of $23.11 billion. Analysts had been expecting 55 cents and $22.32 billion. The EPS figure was a company record. Management also offered in-line guidance for FY09 earnings and said that about $643.6 million remained under the $1 billion stock repurchase program announced in January.
Continue reading Kroger (KR): Shares define bullish 'flag' formation
Posted Jun 27th 2008 12:51PM by Larry Schutts
Filed under: Earnings reports, Analyst upgrades and downgrades, Cisco Systems (CSCO), Hewlett-Packard (HPQ), Nokia Corp. (NOK), Technical Analysis, Stocks to Buy
Jabil Circuit (NYSE: JBL) is
a leading electronics manufacturing services firm, providing comprehensive design, manufacturing and product management services to global electronics and technology companies. The firm works for original equipment makers in the automotive, storage, medical, networking, telecommunications, computer and consumer products industries. Top customers include Cisco Systems (NASDAQ: CSCO), Hewlett-Packard (NYSE: HPQ) and Nokia (NYSE: NOK).
The company had good news for investors earlier in the week, when it reported fiscal Q3 EPS of 26 cents and revenues of $3.09 billion. Analysts had been looking for 20 cents and $3.08 billion. Management also guided Q4 EPS to 29-33 cents (29 cent consensus) and Q4 revenues to $3.2-$3.3 billion ($3.19B consensus). Credit Suisse subsequently reiterated its "neutral" rating on the stock, but RBC Capital Markets repeated an "outperform" recommendation and Needham said "buy" again.
Continue reading Jabil Circuit (JBL): Price defines bullish 'flag' pattern
Posted Jun 27th 2008 10:48AM by Larry Schutts
Filed under: Earnings reports, Technical Analysis, Stocks to Buy
Symmetry Medical (NYSE: SMA) makes
implants and related instruments for orthopedic device manufacturers, primarily in the United States and the United Kingdom. Its devices are used in reconstructive surgeries to replace or repair hips, knees, shoulders, ankles and elbows. The company also designs, develops and produces products for companies in other segments of the medical device market, including arthroscopy, dentistry, laparoscopy and endoscopy. As a sideline, the firm manufactures aerofoils and aircraft engine parts for a few aerospace customers.
Symmetry pleased the Street earlier in the week, when it announced Q1 EPS of 20 cents and revenues of $101.9 million. Analysts had been expecting 14 cents and $88.4 million. The CEO attributed success to increased demand across the orthopedic market and the effects of recent acquisitions. Management also guided FY08 EPS to 75-77 cents (72 cent consensus) and FY08 revenues to $395-$405 million ($359.21M consensus).
Continue reading Symmetry Medical (SMA): Share price defines bullish 'flag'
Posted Jun 26th 2008 1:24PM by Larry Schutts
Filed under: Earnings reports, Technical Analysis, Stocks to Buy
Casey's General Stores (NASDAQ: CASY) operates,
or franchises, more than 1,450 mid-western convenience stores, mostly in Illinois, Iowa, and Missouri. The outlets sell beverages, gasoline, groceries and prepared foods. Casey's also carries tobacco, health and beauty aids, automotive products, ammunition, housewares and photo supplies.
The firm had good news for investors earlier in the month, when it announced fiscal Q4 EPS of 28 cents and revenues of $1.2 billion. Analysts were expecting 25 cents and $1.19 billion. Management also presented an aggressive series of operating and financial goals for the new fiscal year and the board approved a 15% increase in the quarterly dividend.
Continue reading Casey's General Stores (CASY): Price defines bullish 'flag' consolidation
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