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Global Stocks Trending in the News for February 22nd, 2019

Feb 22, 2019

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Global Consumer Stocks Trending in the News

  • Alibaba (BABA) CEO Daniel Zhang said the company has no plans for any layoffs.  Alibaba intends to keep up its recruitment efforts.  There has been a wave of layoffs at Chinese fintech companies and Alibaba, with over 100,000 employees, wants to keep growing.  Alibaba is rated “Top Buy” in our China All-Cap Global Top Stock Ideas.
  • Bunge (BG) reported fourth quarter EPS of USD$0.08 well below consensus of USD$0.20.  Bunge reported fourth quarter adjusted revenue of USD$11.54 billion is in line with consensus of USD$11.66 billion.  Bunge said its strategic review and CEO search are progressing well.  Bunge is rated “Neutral” in our Large-Cap Global Top Stock Ideas and “Attractive” in our US Consumer Staples Global Top Stock Ideas.
  • Caesars Entertainment (CZR) reported fourth quarter EPS of USD$0.25 well above consensus of 9 cents per share loss.  Caesars Entertainment reported fourth quarter adjusted revenue of USD$2.12 billion in line with consensus of USD$2.11 billion.  Caesars Entertainment is rated “Unattractive” in our Large-Cap Global Top Stock Ideas and “Neutral” in our US Consumer Discretionary Global Top Stock Ideas.
  • Domino's Pizza Inc. (DPZ) shares plunged after reporting CY4Q2018 adjusted EPS of USD$2.62 while analysts expected USD$2.69. Domino's Pizza observed total system-wide domestic comparable sales growth of 5.6% in CY4Q2018, missing consensus of 7.2%. Domino’s Pizza generated domestic company-owned sales growth of 3.6% in CY4Q2018, missing consensus of 6.6%. Domino's Pizza is rated "Attractive” in our US Large-Cap Global Top Stock Ideas and “Top Buy” in our US Consumer Discretionary Global Top Stock Ideas.
  • Hormel Foods Corp. (HRL) announced FY1Q2019 adjusted EPS of USD$0.44, matching consensus of USD$0.44. Hormel Foods Corp. reported net sales of USD$2.36bn in FY1Q2019 while analysts expected USD$2.39bn. Hormel Foods Corp. also reaffirmed its FY2019 guidance. Hormel Foods Corp. is rated "Neutral” in our US Large-Cap Global Top Stock Ideas and “Attractive” in our US Consumer Staples Global Top Stock Ideas.
  • Jack in the Box (JACK) reported fourth quarter adjusted operating EPS of USD$1.35 beating consensus of USD$1.28.  Jack in the Box reported fourth quarter sales of USD$290.8 million matching consensus of USD$286 million.  Same store sales fell 0.1% in the quarter.  Jack in the Box is rated “Neutral” in our Global Top Stock Ideas and “Neutral” in our US Consumer Discretionary Global Top Stock Ideas.
  • Kraft-Heinz (KHC) wrote down the value of its existing brands by USD$15.4 billion when it reported results yesterday, leading to a quarterly loss of USD$12.6 billion or USD$10.34 per share.  Kraft-Heinz also disclosed a probe from the Securities and Exchange Commission relating to its procurement practices.  Fourth quarter earnings also came below expectations, but it is the write-down that is the focus of investors’ attention.  Kraft-Heinz is rated “Unattractive” in our US Large-Cap Global Top Stock Ideas and “Attractive” in our US Consumer Discretionary Global Top Stock Ideas. 
  • Nike (NKE) has been the subject of ridicule in the social media realm after a basketball player sprained his knee after his Nike sneakers split open in the middle of a game.  The player from Duke University limped off the court and immediately Nike became the butt of endless jokes about the poor quality of its products.  Nike is rated “Unattractive” in our Large-Cap Global Top Stock Ideas and “Top Buy” in our US Consumer Staples Global Top Stock Ideas.
  • Norwegian Cruise Line Holdings (NCLH) reported CY4Q2018 adjusted EPS of USD$0.85, surpassing consensus of USD$0.79. Norwegian Cruise Line Holdings generated net sales of USD$1.38bn in CY4Q2018, slightly missing consensus of USD$1.40bn. Norwegian Cruise Line Holdings expects FY2019 adjusted EPS between USD$5.20 and USD$5.30, the midpoint of which beats consensus of USD$5.15. Norwegian Cruise Line Holdings is rated "Attractive” in our US Large-Cap Global Top Stock Ideas and “Attractive” in our US Consumer Staples Global Top Stock Ideas.
  • Roku (ROKU) reported fourth quarter pro-forma EPS of USD$0.05 above consensus of USD$0.03.  Roku reported fourth quarter adjusted revenue of USD$275.7 million beating consensus of USD$262.4 million.  Roku gave first quarter 2019 revenue guidance of USD$185-190 million.  Roku is rated “Top Short” in our Large-Cap Global Top Stock Ideas.
  • Scientific Games Corp. (SGMS) reported CY4Q2018 adjusted EPS of USD$0.30 blowing past consensus of USD$0.08. Scientific Games Corp. generated net sales of USD$885.70mm in CY4Q2018, beating consensus of USD$871.95mm. Scientific Games Corp. is rated "Unattractive” in our US Large-Cap Global Top Stock Ideas and “Neutral” in our US Consumer Discretionary Global Top Stock Ideas.
  • Visteon (VC) shares popped after the company announced CY4Q2018 adjusted EPS of USD$1.52 while analysts expected just USD$1.03. Visteon reported CY4Q2018 sales of USD$718.5mm. Visteon is rated “Top Short” in our US Large-Cap Global Top Stock Ideas and “Unattractive” in our US Consumer Discretionary Global Top Stock Ideas.  

Global Information Technology and Communication Services Stocks Trending in the News

  • Altice USA (ATUS) reported fourth quarter EPS of USD$0.30.  Altice USA reported fourth quarter adjusted revenue of USD$2.45 billion in line with consensus of USD$2.46 billion.  Altice USA gave 2019 revenue growth guidance of 2.5-3%.  Altice USA is rated “Top Short” in our Large-Cap Global Top Stock Ideas.
  • Arris International PLC (ARRS) announced CY4Q2018 adjusted EPS of USD$0.76 while consensus was for USD$0.74. Arris International PLC reported net sales of USD$1.79bn in CY4Q2018 while analysts expected USD$1.78bn. Arris International PLC told investors, “We anticipate 2019 to be a stronger year than 2018, with the first quarter expected to be the lowest quarter of the year.” Arris International PLC is rated "Neutral” in our US Large-Cap Global Top Stock Ideas and “Attractive” in our US Information Technology Global Top Stock Ideas.
  • Attunity (ATTU) shares soared following reports that Qlik (QLIK) agreed to purchase the Big Data software solutions company for USD$560mm in cash. Attunity shareholders will received USD$23.50/share owned, indicating an 18% premium paid by Qlik compared to Attunity’s closing price on Wednesday. Attunity is not rated in our Global Top Stock Ideas. Qlik is not rated in our Global Top Stock Ideas.  
  • Baidu Inc. (BIDU) expects to report 18% y/y revenue growth for the current quarter, the company told analysts. CEO Robin Li also double downed on the company's plan to increase spending to drive new user growth and ramp up its advertising business. Baidu issued revenue guidance of 23.5bn yuan for the 3-month period ending March. Baidu is rated “Neutral” in our China All-Cap Global Top Stock Ideas.
  • CommScope (COMM) reported fourth quarter EPS of USD$0.51 above consensus of USD$0.43.  CommScope reported fourth quarter adjusted revenue of USD$1.06 billion in line with consensus of USD$1.06 billion.  CommScopegave first quarter 2019 EPS guidance of 41-46 cents.  CommScope is rated “Neutral” in our Large-Cap Global Top Stock Ideas and “Neutral” in our US Information Technology Global Top Stock Ideas.
  • Hewlett Packard Enterprise (HPE) reported first quarter 2019 adjusted EPS of USD$0.42 beating consensus of USD$0.35.  Hewlett Packard Enterprise reported first quarter sales of USD$7.55 billion matching consensus of USD$7.6 billion.  Hewlett Packard Enterprise gave full year EPS guidance of USD$1.56-1.66.  Hewlett Packard Enterprise is rated “Unattractive” in our US Large-Cap Global Top Stock Ideas and “Attractive” in our US Information Technology Global Top Stock Ideas.
  • Infrastrutture Wireless Italiane S.p.A. (BIT: INW) shares soared to record highs after Telecom Italia (BIT: TIT) and Vodafone (LSE: VOD) announced they will undertake building 5G wireless networks through a joint venture.  Morgan Stanley said that, as a result of the deal, “Inwit would become a more independent TowerCo.” Infrastrutture Wireless Italiane is rated “Top Buy” in our European SMID-Cap Global Top Stock Ideas. Telecom Italia is rated “Unattractive” in our European Large-Cap Global Top Stock Ideas. Vodafone is rated “Unattractive” in our United Kingdom All-Cap Global Top Stock Ideas.
  • Nintendo Co. (TSE: 7974) announced that it will buyback 33bn yen (USD$298mm) worth of stock to offset the effect of 84bn yen worth of stock sales by shareholders, most of which are financial institutions. The Bank of Yuoto Ltd., Nomura Trust & Banking Co., Mitsubishi UFJ Financial Group, and some other financial institutions will sell up to 2.79mm Nintendo shares. Nintendo is not rated in our Global Top Stock Ideas.
  • Roku (ROKU) reported fourth quarter pro-forma EPS of USD$0.05 above consensus of USD$0.03.  Roku reported fourth quarter adjusted revenue of USD$275.7 million beating consensus of USD$262.4 million.  Roku gave first quarter 2019 revenue guidance of USD$185-190 million.  Roku is rated “Top Short” in our Large-Cap Global Top Stock Ideas.

Global Industrials Stocks Trending in the News

  • Avis Budget Group (CAR) reported fourth quarter adjusted EPS of USD$0.53 beating consensus of USD$0.37.  Avis Budget Group reported fourth quarter sales of USD$2.1 billion matching consensus of USD$2.05 billion.   Avis Budget Group is rated “Neutral” in our Global Top Stock Ideas and “Unattractive” in our US Industrials Global Top Stock Ideas.
  • BAE Systems Plc (LSE: BA.) shares dropped after saying that German limits on arms exports to Saudi Arabia will impact its business with the country. BAE Systems told investors that Germany’s current position on export licensing, “may affect the group’s ability to provide the required capability.” BAE Systems is rated “Neutral” in our United Kingdom All-Cap Global Top Stock Ideas.
  • Prysmian (BIT: PRY) shares fell the most intraday in more than 6 months after the company announced a system failure detected in WesternLink Interconnection, leading to its UK undersea power line to temporarily shutdown. Mediobanca cut its recommendation for Prysmian shares from outperform to neutral on the news. Prysmian is rated “Neutral” in our European Large-Cap Global Top Stock Ideas.  

 

 

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Global Financials Stocks Trending in the News

  • Provident Financial Plc (LSE: PFG) shares soared after Non-Standard Finance (LSE: NSF) offered to buy the company via an all-stock reverse takeover. The all-stock reverse takeover is priced at 511p/share equivalent as of Thursday’s close. Providential Financials shareholders will receive 8.88 shares of Non-Standard Finance shares for each share owned. Provident Financial is rated “Top Short” in our United Kingdom All-Cap Global Top Stock Ideas. Non-Standard Finance is not rated in our Global Top Stock Ideas.
  • Societe Generale SA (ENXTPA: GLE) is planning to cut thousands of jobs at its investment bank, according to a Bloomberg report citing people familiar with the matter. Societe Generale is seeking to cut 500mm euros (USD$567mm) in costs and review its less profitable investment banking activities following its abysmal CY4Q2018. Societe Generale is rated “Unattractive” in our European Large-Cap Global Top Stock Ideas.
  • Swiss RE (SWX: SREN) shares edged higher after a proposed CHF2bn buyback program offset a FY2018 net income miss. Swiss RE proposed a buyback program spanning two separate tranches, each worth up to CHF1bn, to be executed prior to the 2020 AGM. Swiss RE also announced FY net income of USD$421mm, largely missing consensus of USD$788.7mm. Swiss RE is rated “Unattractive” in our European Large-Cap Global Top Stock Ideas.

Global Commodities & Power Stocks Trending in the News

  • Albemarle Corp. (ALB) shares traded at their highest level in 2019 after the company announced better-than-expected earnings guidance for FY2019. Albemarle told investors that it expects FY2019 adjusted EPS between USD$6.10 and USD$6.50, the midpoint of which surpasses consensus of USD$6.14. Albemarle is rated “Neutral” in our US Large-Cap Global Top Stock Ideas.  
  • Ardagh Group SA (ARD) shares edged slightly lower after the company announced FY2019 guidance that missed the average analyst estimate. Ardagh said on a conference call that it expects FY2019 adjusted EPS between USD$1.60 and USD$1.75, the midpoint of which is slightly lower than consensus of USD$1.81. Ardagh also announced CY4Q2018 adjusted EPS of USD$0.33 that surpassed consensus of USD$0.28. Ardagh is not rated in our Global Top Stock Ideas.  
  • Centrica Plc (LSE: CNA) shares plunged to their lowest levels in nearly two decades after the company announced a bleak outlook for FY2019. Centrica attributed tougher trading conditions in the UK energy market as reasoning for the outlook. Centrica also explained that its average adjusted operating cash low, “is under some pressure.” Centrica is rated “Unattractive” in our United Kingdom All-Cap Global Top Stock Ideas.
  • Fuchs Petrolub (DB: FPE3) shares fell notably lower after the company announced a FY2019 Ebit forecast of 371mm euros that missed consensus for 397mme euros. Lambe analyst Heiko Feber wrote in a note to clients that Fuchs Petrolub intends to increase investments into plants, IT, R&D, and employees in the next fiscal year. Fuchs Petrolub is rated “Top Buy” in our European SMID-Cap Global Top Stock Ideas.  
  • Newmont Mining (NEM) reported fourth quarter adjusted operating EPS of USD$1.35 beating consensus of USD$1.28.  Newmont Mining reported fourth quarter sales of USD$290.8 million matching consensus of USD$286 million.  Same store sales fell 0.1% in the quarter.  Newmont Mining is rated “Unattractive” in our US Large-Cap Global Top Stock Ideas.

Global Healthcare Stocks Trending in the News

  • Agilent Technology (A) reported first quarter 2019 core EPS of USD$0.76 beating consensus of USD$0.73. Agilent Technology reported first quarter 2019 sales of USD$1.28 billion matching consensus of USD$1.27 billion.  Agilent Technology gave 2Q 2019 EPS guidance of USD$0.70-0.72.  Agilent Technology is rated “Neutral” in our Large-Cap Global Top Stock Ideas.
  • Johnson & Johnson (JNJ) said it has received subpoenas and inquiries from the US Justice Department and Securities and Exchange Commission relating to its talc baby-powder products.  Some allege there is asbestos in the talc powder that can cause cancer.  Johnson & Johnson faces 13,000 claims alleging the baby powder causes cancer.  Johnson & Johnson is rated “Neutral” in our US Large-Cap Global Top Stock Ideas.

Global REITs Trending in the New

  • Realty Income Corp. (O) reported fourth quarter FFO of USD$0.73 per share in line with consensus of USD$0.74.  Realty Income Corp reported fourth quarter adjusted revenue of USD$344.4 million in line with consensus of USD$342 million.  Realty Income Corp sees 2019 FFO of USD$3.23-3.29 per share.  Realty Income Corp is rated “Attractive” in our Large-Cap Global Top Stock Ideas.
  • Vereit Inc. (VER) reported CY4Q2018 adjusted funds from operations per share of USD$0.156 while analysts expected USD$0.171. Vereit Inc. expects FY2019 adjusted funds from operations per share between USD$0.68 and USD$0.70, the midpoint of which edges past consensus of USD$0.68. Vereit Inc. is rated "Neutral” in our US Large-Cap Global Top Stock Ideas.

 

 

Global Top Stock IdeasTOP LONG & TOP SHORT STOCK IDEAS FOR GLOBAL MARKETSMONTHLY TOP IDEAS FROM OUR MULTI-FACTOR QUANTITATIVE MODELS
Global Top Stock IdeasTOP LONG & TOP SHORT STOCK IDEAS FOR GLOBAL MARKETSMONTHLY TOP IDEAS FROM OUR MULTI-FACTOR QUANTITATIVE MODELS