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Global Stocks Trending in the News for January 23rd, 2019

Jan 23, 2019

 

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Global Consumer Stocks Trending in the News

  • Burberry Group Plc (LSE: BRBY) reported FY3Q2018 financials that missed analyst estimates. Burberry saw net sales of GBP719mm in FY3Q2018, missing analysts’ consensus of GBP719mm by more than 10%. Burberry’s same store sales growth of just 2% in FY3Q2018 missed analyst expectations of 3.25%. Burberry is rated “Neutral” in our United Kingdom All-Cap Global Top Stock Ideas.
  • Carrefour S/A (ENXTPA: CA) reported CY4Q2018 EBIT that may signal a turnaround for the company’s financials, according to Bernstein. Bernstein analyst Bruno Monteyne said in a note to clients that, “The slight beat in French like-for-like and the confirmation of EU1.93bn EBIT will reassure markets that Carrefour is stable and could be at the start of a turn around.” Carrefour is rated “Top Short” in our European Large-Cap Global Top Stock Ideas.
  • Henkel (XTRA: HEN3) shares were downgraded to sell from hold at Independent Research GmbH.  Henkel’s price target was also lowered from 110 euros/share to 84 euros/share at Independent Research GmbH, implying a 3.5% downside from Monday’s closing price. Over the last 3 months, analysts’ consensus price target for Henkel has fallen 12%. Henkel is rated “Attractive” in our European Large-Cap Global Top Stock Ideas.  
  • Hugo Boss AG (DB: BOSS) announced CY4Q2018 financials that largely surpassed analyst estimates. Hugo Boss reported CY4Q2018 sales of 783.0mm euros, beating the highest analyst estimates that ranged between 744.0mm euros and 775.0mm euros. Hugo Boss is rated “Attractive” in our European SMID-Cap Global Top Stock Ideas.
  • Kimberly-Clark (KMB) announced a full-year adjusted EPS forecast that missed analysts’ consensus while reporting CY4Q2018 adjusted EPS that also missed analyst estimates. Kimberly-Clark expects full-year adjusted EPS between USD$6.50/share and USD$6.70/share while analysts’ consensus called for USD$6.79/share. Kimberly-Clark's CY4Q2018 adjusted EPS of USD$1.60/share also missed analyst expectations of USD$1.65/share. Kimberly-Clark is rated “Neutral” in our US Large-Cap and “Neutral” in our US Consumer Staples Global Top Stock Ideas.
  • Proctor & Gamble (PG) reported fiscal second quarter 2019 EPS of USD$1.25 while consensus was for USD$1.21.  Proctor & Gamble fiscal second quarter revenue came at USD$17.44 versus USD$17.16 billion expected.  Proctor & Gamble guidance for all of fiscal 2019 is EPS growth of 3-8%.  Proctor & Gamble is rated “Attractive” in our US Large-Cap and “Attractive” in our US Consumer Discretionary Global Top Stock Ideas “Attractive” in our US Consumer Staples Global Top Stock Ideas.
  • Tesla (TSLA)  plans to acquire batteries for its new China factory from Panasonic (TSE: 6752), according to Nikkan Kogyo.  The new arrangement will be an expansion of their existing relationship.  Presently, Panasonic is the main supplier of batteries to Telsa.  Tesla is rated “Unattractive” in our US Large-Cap and “Attractive” in our US Information Technology Global Top Stock Ideas.  Panasonic Tesla is rated “Top Buy” in our Japan Large-Cap Global Top Stock Ideas 

Global Information Technology and Communication Services Stocks Trending in the News

  • ASML Holding N.V. (ENXTAM: ASML) reported CY4Q2018 financials that surpassed analyst estimates and CY1Q2019 guidance that missed analyst estimates. ASML generated 788mm euros of net income in CY4Q2018 while analysts expected 758.7mm euros. ASML sees net sales of about 2.1bn euros in CY1Q2019, missing the lowest analyst estimates that range between 2.58bn euros and 2.92bn euros. ASML is rated “Attractive” in our European Large-Cap Global Top Stock Ideas.
  • Comcast (CMCSA) reported fourth quarter EPS of 64 cents while consensus was for 62 cents.  Comcast fourth operating cash flow came at USD$5.8 billion.  NBCUniversal has 4Q revenue of USD$9.4 billion.  Comcast is rated “Attractive” in our US Large-Cap and “Top Buy” in our US Consumer Discretionary Global Top Stock Ideas.
  • eBay Inc. (EBAY) activist investor Starboard sent a letter to management urging the company to part ways with StubHub (TCK). Additionally, activist investor Elliott Management Corp sent a letter to management that outlines a five-step plan to review eBay’s portfolio of companies (including StubHub), revitalize its marketplace, and buyback shares. eBay is rated “Attractive” in our US Large-Cap and “Attractive” in our US Information Technology Global Top Stock Ideas.
  • International Business Machines Corporation (IBM) reported CY4Q2018 earnings that was the, “cleanest quarter in years,” according to Morgan Stanley. IBM reported revenue of USD$21.8bn for CY4Q2018, beating analyst consensus of USD$21.7bn. IBM’s EPS of USD$4.87/share in CY4Q2018 also surpassed analyst expectations, which called for USD$4.82/share. IBM is rated “Top Buy” in our US Large-Cap and “Top Buy” in our US Information Technology Global Top Stock Ideas.
  • SGS SA (SWX: SGSN) reported full-year adjusted operating income that came in-line with the average analyst estimate. SGS generated adjusted operating income of 1.05bn Swiss francs in its fiscal year while analyst estimates called for 1.06bn Swiss francs. SGS’ full-year revenue of 6.71bn Swiss francs fell slightly short of analysts’ consensus, which called for 6.75bn Swiss francs. SGS is rated “Neutral” in our European Large-Cap Global Top Stock Ideas.
  • Soitec SA (ENXTPA: SOI) reported revenue growth guidance that surprised investors amid a weaker broad semiconductor industry. Soitec raised its revenue growth outlook to 40%, guidance that Jefferies analysts believe is, “reasonable.” Jefferies cited overwhelming content per device/use cases as the driver for Soitec’s projected revenue growth. Soitec is rated “Neutral” in our European SMID-Cap Global Top Stock Ideas.

Global Industrials Stocks Trending in the News

  •   Allegheny Technologies Inc. (ATI) reported CY4Q2018 earnings that fell short of analyst estimates despite reporting sales that beat the highest analyst estimate. Allegheny generated USD$1.04bn of sales in CY4Q2018 while analyst estimates ranged between USD$956.0mm and USD$1.03bn. Allegheny’s CY4Q2018 EPS of USD$0.30/share missed analysts’ consensus of USD$0.34/share. Allegheny is rated “Neutral” in our US Large-Cap Global Top Stock Ideas. 
  • Arconic Inc. (ARNC) surprised investors and analysts after the board of directors decided not to sell the company. Arconic fell the most intraday in eight months on the news after the manufacturer said that it, “did not receive a proposal for a full-company transaction that we believe would be in the best interest of Arconic’s shareholders and other stakeholders.” Arconic is rated “Top Short” in our US Large-Cap and “Neutral” in our US Industrials Global Top Stock Ideas. 
  • Stanley Black & Decker (SWK) reported fourth quarter EPS of USD$2.11 while consensus was for USD$2.10.  Stanley Black & Decker fourth quarter revenue came at USD$3.63 billion versus USD$3.62 billion expected.  Stanley Black & Decker sees 2019 EPS coming at USD$8.45-8.65.  Stanley Black & Decker is rated “Attractive” in our US Large-Cap Global Top Stock Ideas. 
  • Steel Dynamics (STLD) reported fourth quarter EPS of USD$1.31 while consensus was for USD$1.21.  Steel Dynamics fourth quarter revenue came at USD$2.9 billion while USD$2.93 billion was consensus.  Steel Dynamics is rated “Neutral” in our US Large-Cap Global Top Stock Ideas.

Global Financials Stocks Trending in the News

  • Capital One (COF) reported fourth quarter adjusted EPS of USD$1.87 well below consensus of USD$2.38.   Capital One reported 4Q18 revenue of USD$7 billion while consensus was for USD$7.07 billion.  Capital One is rated “Neutral” in our US Large-Cap Global Top Stock Ideas.
  • Deutsche Bank AG (DB: DBK) is reportedly the subject of a probe by the US Federal Reserve that will examine how the German bank handled billions of dollars in suspicious transactions from Danske Bank A/S (CPSE: DANSKE). The fed probe is in its early stages but is reportedly critical of how Deutsche Bank’s US operations monitored funds from an Estonian branch of Danske. Deutsche Bank is rated “Neutral” in our European Large-Cap Global Top Stock Ideas. Danske Bank is rated “Top Short” in our European Large-Cap Global Top Stock Ideas.
  • Fifth Third Bancorp (FITB) reported fourth quarter adjusted EPS of 69 cents while consensus was for 66 cents.   Fifth Third Bancorp fourth quarter loan loss provisions came at USD$95 million, up from USD$84 million a year earlier.  Fifth Third Bancorp is rated “Unattractive” in our US Large-Cap Global Top Stock Ideas.
  • IG Group (LSE: IGG) reports 1FH2019 financials that are mostly in-line with analyst expectations. IG Group reported 1FH2019 EPS of GBP0.25/share while analysts expected GBP0.25/share. IG Group’s top line revenue in 1FH2019 of GBP251.0mm slightly missed analysts’ consensus of GBP252.4mm. IG Group is rated “Unattractive” in our United Kingdom All-Cap Global Top Stock Ideas.  
  • Interactive Brokers (IBKR) reported fourth quarter adjusted EPS of 56 cents while consensus was for 61 cents.   Interactive Brokers reported 4Q18 revenue of USD$492 million while consensus was for USD$511 million.  Revenue of USD$492 million was below the lowest analyst estimate.  Interactive Brokers is rated “Neutral” in our US SMID-Cap Global Top Stock Ideas.
  • Northern Trust (NTRS) reported disappointing CY4Q2018 financials. Northern Trust reported assets under management of USD$1.07tn, missing the lowest analyst estimates that ranged between USD$1.08tn and USD$2.80tn. Northern Trust is rated “Neutral” in our US Large-Cap Global Top Stock Ideas.
  • Pekao (WSE: PEO) shares fell after stricter stress-test capital buffers will require Poland’s second-largest lender to cut its maximum possible payout ratio for CY2018 from an expected 90% to 75%. MBank analysts wrote in a note to clients that, “The reduction in dividends is a disappointing development given Pekao’s excellent stress test results during the recent EBA exercise, where the bank placed in the top three.” Pekao is rated “Neutral” in our European SMID-Cap Global Top Stock Ideas. 
  • Synchrony Financial (SYF) reported fourth quarter EPS of USD$1.09 while consensus was for 91 cents.  Synchrony Financial fourth quarter net earnings came at USD$783 million.  Loan-loss provisions were USD$1.45billion, just below USD$1.49 billion expected.  Synchrony Financial is rated “Unattractive” in our US Large-Cap Global Top Stock Ideas.
  • The Progressive Corporation (PGR) reported fourth quarter EPS of USD$0.44/share, widely missing the lowest analyst estimates that ranged between USD$0.90/share and USD$1.12/share.  Progressive also reported net premiums earned of USD$8.19bn and net premiums written of USD$7.94bn.  Progressive is rated “Attractive” in our US Large-Cap Global Top Stock Ideas.
  • Travelers (TRV) reported fourth quarter EPS of USD$2.13 while consensus was for USD$2.08.  Travelers fourth quarter revenue came at USD$7.8 billion while USD$7.7 billion consensus.  Travelers return on equity in the fourth quarter was 10.9%.  Travelers is rated “Neutral” in our US Large-Cap Global Top Stock Ideas.
  • Tryg A/S (CPSE: TRYG) reported a CY4Q2018 combined ratio of 88.2% that missed analysts’ consensus of 87.6%. Tryg CEO Morten Hubbe informed that the company’s CY2018 results were hindered by, “tough weather and large claims.” Goldman Sachs and Citi analysts are warning investors of limited potential for dividend growth. Tryg is rated “Attractive” in our European SMID-Cap Global Top Stock Ideas.  
  • UBS (SWX: UBS) reported USD$13 billion withdrawals by its customers.  UBS said it saw USD$8 billion withdrawn from its wealth management unit while USD$5 billion was withdrawn from its asset management unit.  UBS comments that it does not believe the weakness of the fourth quarter has completely passed.  UBS Travelers is rated “Neutral” in our European Large-Cap Global Top Stock Ideas.
  • United Technologies (UTX) reported fourth quarter EPS of USD$1.95, well above consensus of USD$1.53.  United Technologies' fourth quarter revenue came at USD$18.04 billion, well above USD$16.87 billion.  United Technologies is rated “Attractive” in our US Large-Cap and “top buy” in our US Industrials Global Top Stock Ideas.

Global Commodities Stocks Trending in the News

  • Halliburton (HAL) reported fourth quarter EPS from continuing operations of 41 cents while consensus was for 37 cents.  Halliburton fourth quarter revenue came at USD$5.9 billion while USD$5.87 billion was consensus .  Halliburton is rated “Attractive” in our US Large-Cap Global Top Stock Ideas.

Global Healthcare Stocks Trending in the News

  • Abbott Laboratories (ABT) reported CY1Q2019 adjusted EPS from continuing operations guidance that missed analyst expectations. Abbott sees adjusted EPS from continuing operations between USD$0.60/share and USD$0.62/share in FY1Q2019 while analysts expected USD$0.64/share. Abbott’s CY4Q2018 adjusted EPS from continuing operations came in-line with analyst expectations of USD$0.81/share. Abbott is rated “Neutral” in our US Large-Cap Global Top Stock Ideas.
  • Johnson & Johnson (JNJ) reported adjusted fourth quarter EPS of USD$1.97 while consensus was for USD$1.95.  Johnson & Johnson fourth quarter revenue came at USD$20.4 billion while USD$20.2 was consensus .  Johnson & Johnson is rated “Attractive” in our US Large-Cap Global Top Stock Ideas.
  • Walgreens Boot Alliance (WBA) has agreed to pay USD$269.2mm in order to settle claims that the drugstore chain defrauded federally-funded health care programs and a consumer-discount initiative. The USD$269.2mm payment spans across two settlements; one for USD$209.2mm that relates to billed Medicare, Medicaid, and other programs, and one for USD$60mm that concerns not disclosing lower drug prices offered in a discount program. Walgreens is rated “Neutral” in our US Large-Cap and “Attractive” in our US Consumer Staples Global Top Stock Ideas.

Global REITs Trending in the News

  • Prologis (PLD) reported CY4Q2018 financials that mostly surpassed analyst expectations. Prologis generated funds from operations of USD$0.80/share in CY4Q2018 while analyst expectations called for USD$0.79/share. Prologis is rated “Unattractive” in our US Large-Cap Global Top Stock Ideas.

 


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