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Global Stocks Trending in the News for April 24th, 2019

Apr 24, 2019

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Global Consumer Stocks Trending in the News

  • Asos Plc (AIM:ASC) owner and CEO Anders Holch Polsen, Denmark’s richest man, lost 3 of his 4 children in the terrorist attacks in Sri Lanka.   A statement confirmed 3 of is children were killed but not which 3.  It was also not clear in which blast they were killed as there were multiple blasts in multiple locations as part of the attacks.  Asos Plc is rated “Unattractive” in our United Kingdom All-Cap Global Top Stock Ideas 
  • Coca-Cola (KO) reported first quarter earnings that beat expectations.  Coca-Cola reported first quarter EPS of 48 cents ahead of 46 cents consensus.  Coca-Cola saw unit case volume growth of 2%.  Coca-Cola sees full year organic revenue growth of about 4% in 2019.  Water and sports drinks were the stars of the quarter growing 6%.  Coca-Cola is rated “Unattractive” in our US Large-Cap and “Top Buy” in our US Consumer Staples Global Top Stock Ideas
  • Domino’s Pizza (DPZ) reported sales growth that trailed consensus.  Domino’s Pizza total system-wide sales grew 3.9%, trailing 4.2% consensus.  Domino’s Pizza first quarter EPS of $2.20 came ahead of $2.09 consensus.  Domino’s Pizza is rated “Attractive” in our US Large-Cap and “Attractive” in our US Consumer Discretionary Global Top Stock Ideas
  • Harley Davidson Inc. (HOG) shares traded flat after the company announced better-than-expected profits in the first-quarter as it weathered the effects of tariffs and President Trump tweets. Despite the better-than-expected profit, adjusted net income still slumped 26% in the quarter. An adjusted EPS of $0.98 in the first quarter for Harley Davidson was much better than the average analyst estimate for $0.85. Harley Davidson is rated “Neutral” in our US Large-Cap Global Top Stock Ideas.
  • Hasbro (HAS) reported a profit in the first quarter, a surprise as consensus was for a loss.  First quarter EPS of 21 cents came well above the 11 cents per share loss that was expected.  Hasbro first quarter revenue of $732.5 million was well above $662.7 million expected.  Hasbro saw a 9% rise in franchise brands revenue in the first quarter.  Hasbro continues to expect $50 to $55 million in cost savings in 2019.  Hasbro is rated “Top Short” in our US Large-Cap and “Attractive” in our US Consumer Discretionary Global Top Stock Ideas
  • Kohl’s Corporation (KSS) shares traded higher by the most in 4 months after the company announced it would begin to accept returns for Amazon.com Inc. (AMZN) customers at all of its locations, beginning this July. The initiative is an expansion of the initial partnership between Kohl’s and Amazon that began n 2017 as a pilot program featured in 100 Kohl’s stores in Los Angeles, Chicago, and Milwaukee. Kohl’s is rated “Attractive” in our US Large-Cap and “Top Buy” in our US Consumer Discretionary Global Top Stock Ideas. Amazon is rated “Neutral” in our US Large-Cap and “Top Buy” in our US Consumer Discretionary Global Top Stock Ideas.
  • Lululemon (LULU) is set to host its first analysts day since 2014.  Lululemon is slated to lay out its strategy for the next few years.  Lululemon reported its fast sales growth in 6 years in March and investors are keen to know how the company will maintain its momentum.  Lululemon is due to hit its $4 billion revenue target before its 2020 deadline and its plans to take the company to the next level will be the focus.  Lululemon is expected to announce a loyalty program.  Lululemon is rated “Top Buy” in our US Large-Cap Global Top Stock Ideas
  • Polaris (PII) reported first quarter earnings and full year guidance above consensus.  Polaris first quarter adjusted EPS of $1.08 beatings consensus if $0.91.  First quarter sales of $1.50 billion matched consensus.  Polaris provided 2019 adjusted EPS guidance of $6.05 to $6.30 while consensus if $6.06.  Polaris said dealer inventory dropped 1% in the first quarter.  Polaris is rated “Unattractive” in our US Large-Cap and “Neutral” in our US Consumer Discretionary Global Top Stock Ideas
  • Proctor & Gamble (PG) reported fiscal third quarter core earnings ahead of consensus.  Proctor & Gamble third quarter EPS of $1.06, ahead of $1.03 expectations.  Fiscal third quarter revenue of $16.46 billion, also ahead of $16.36 billion consensus.  Proctor & Gamble saw organic revenue growth of 5% in the fiscal third quarter.  Proctor & Gamble reiterated full year guidance for core EPS growth of 3-8% with sales growth of 1%.  Proctor & Gamble is rated “Top Buy” in our US Large-Cap and “Top Buy” in our US Consumer Discretionary Global Top Stock Ideas
  • Whirlpool (WHR) reported first quarter adjusted that beat expectations.  Whirlpool reported first quarter EPS of $3.11 beating $2.86 consensus.  First quarter net sales of $4.80 billion was in line with consensus of $4.83 billion.  Whirlpool saw first quarter organic revenue growth of 3%.  Whirlpool reiterated EPS guidance for 2019 of $14.00 to $15.00, in line with consensus of $14.62 and sees $800 million in free cash flow in 2019.  Whirlpool is rated “Neutral” in our US Large-Cap and “Attractive” in our US Consumer Discretionary Global Top Stock Ideas

Global Information Technology and Communication Services Stocks Trending in the News

  • E-Bay (EBAY) posted first quarter earnings that beat expectations.  E-Bay first quarter adjusted EPS of 67 cents beat consensus of 63 cents.  Net revenue of $2.64 billion beat $2.58 billion consensus.  E-Bay guidance for second quarter of 61-63 cents, above 59 cents consensus.  E-Bay expects revenue of $2.64 to $2.69 billion in the second quarter.  E-Bay is rated “Attractive” in our US Large-Cap Global Top Stock Ideas
  • Snap (SNAP) delivers first quarter results that beat estimates.  Snap first quarter loss of 10 cents per share was better than the 12 cents per share loss consensus.  First quarter daily active users of 190 million came ahead of consensus of 186.8 million.  Snap provided second quarter guidance of ebitda loss of $125 million to $150 million with revenues of $335 million to $360 million, present consensus is $348 million.  Snap is rated “Top Short” in our US Large-Cap and “Unattractive” in our US Information Technology Global Top Stock Ideas.  
  • Texas Instruments (TXN) reported first quarter earnings that beat consensus with guidance in line.  Texas Instruments first quarter EPS if $1.26 beat consensus of $1.13.  First quarter revenue of $3.59 billion beat consensus of $3.48 billion.  Texas Instruments gave second quarter EPS guidance of $1.12 to $1.32 with revenue guidance of $3.46 billion to $3.74 billion, consensus is $3.66 billion.  Texas Instruments is rated “Attractive” in our US Large-Cap and “Top Buy” in our US Information Technology Global Top Stock Ideas.  
  • Twitter (TWTR) reported first quarter sales that beat expectations.  Twitter reported first quarter revenue of $787 million, up 18% y/y and ahead of $775 million consensus.  Twitter reported active users grew to 134 million daily active users beating consensus of 128.6 million.  Twitter gave revenue guidance for the second quarter of $770 million to $830 million.  Adjusted EPS of 9 cents trailed consensus of 14 cents.  Twitter is rated “Neutral” in our US Large-Cap and “Neutral” in our US Information Technology Global Top Stock Ideas.    
  • Verizon (VZ) reported first quarter adjusted EPS that beat consensus.  Adjusted EPS came at $1.20 while consensus was $1.17.  Verizon operating revenue in the first quarter was $32.13 billion, in line with $32.15 billion consensus.  Verizon added 61,000 wireless subscribers, well below the 206,000 expected.  Verizon is rated “Attractive” in our US Large-Cap and “Neutral” in our US Information Technology Global Top Stock Ideas.    

Global Industrials Stocks Trending in the News

  • Boeing (BA) has suspended guidance in the wake of the grounding of the 737 Max and said it will issue new guidance some time in the future.  Boeing reported first quarter results  with EPS of $3.75.  First quarter revenue was $22.9 billion with operating cash flow of $2.8 billion.  Boeing returned $1.2 billion to shareholders in the quarter.  Boeing’s present backlog is $487 billion.  Boeing said it is, “engaging global regulators and customers on safe return to service of the 737 Max.”  Boeing is rated “Top Buy” in our US Large-Cap and “Neutral” in our US Industrials Global Top Stock Ideas.
  • Caterpillar (CAT) beat first quarter profit and sales expectations when it reported first quarter results.  Caterpillar first quarter revenue of $13.5 billion beat $13.4 billion consensus.  Caterpillar reported first quarter EPS of $2.94, ahead of $2.84 consensus.  Caterpillar upped EPS guidance to $12.06 to $13.06 for 2019 from $11.75 to $12.75 previously.  Caterpillar sees modest, consistent growth in 2019 with the greatest demand expected for mining equipment.  The mining demand is due in part to low dealer inventories of this equipment.  Caterpillar is rated “Neutral” in our US Large-Cap and “Neutral” in our US Industrials Global Top Stock Ideas
  • General Dynamics (GD) posted first quarter earnings that beat consensus.  General Dynamics first quarter EPS of $2.56 beat consensus of $2.41.  General Dynamics posted first quarter revenue of $9.26 billion handily beat consensus of $8.84 billion.  General Dynamics reported a backlog of $69.21 billion.  General Dynamics is rated “Attractive” in our US Large-Cap and “Attractive” in our US Industrials Global Top Stock Ideas
  • Jet Blue (JBLU) reported first quarter adjusted EPS that beat consensus.  Adjusted EPS came at 16 cents while consensus was 12 cents.  Jet Blue operating revenue in the first quarter was $1.87 billion, in line with $1.87 billion consensus.  Jet Blue provided second quarter guidance for available seat miles, seeing that grow 4.5% to 6.5%.  Jet Blue sees revenue per seat mile growing 1% to 4% in the second quarter.  Jet Blue is rated “Unattractive” in our US Large-Cap and “Attractive” in our US Industrials Global Top Stock Ideas.    
  • Lockheed Martin Corp. (LMT) shares traded notably higher after the company raised its FY2019 profit and sales forecast as it reaps the benefits of higher production of its F-35 fighter jet. Lockheed Martin offered EPS guidance of $20.05/share in FY2019, higher than the average analyst estimate for $19.60. Lockheed Martin saw its order backlog grow $3 billion from levels at this time last year to a record $133.5 billion. Lockheed Martin is rated “Attractive” in our US Large-Cap and “Top Buy” in our US Industrials Global Top Stock Ideas.  
  • Norfolk Southern (NSC) first quarter earnings handily beat expectations.  Norfolk Southern first quarter EPS of $2.51 came well above $3.18 consensus.  First quarter railway operating revenue of $2.84 billion came in line with $2.82 consensus.  Norfolk Southern’s operating ratio in the first quarter was 66%.  Norfolk Southern is rated “Unattractive” in our US Large-Cap and “Neutral” in our US Industrials Global Top Stock Ideas
  • Northrop Grumman (NOC) reported first quarter sales that trailed expectations.  Northrop Grumman first quarter sales of $8.19 billion came just below $8.32 billion consensus.  Boston Scientific first quarter EPS came at $5.06, beating $4.85 consensus.  Northrop Grumman increased full year EPS guidance of $18.90 to $19.10, up from of $18.50 to $19.00.  Northrop Grumman is rated “Attractive” in our US Large-Cap and “Attractive” in our US Industrials Global Top Stock Ideas.
  • Stanley Black & Decker (SWK) reported stronger first quarter adjusted EPS than expected.  Adjusted EPS for the first quarter was $1.42, well above the $1.11 consensus.  Stanley Black & Decker reported first quarter revenue of $3.33 billion, in line with $3.30 billion consensus.  Stanley Black & Decker gave 2019 EPS guidance of $8.50 to $8.70.  Stanley Black & Decker is rated “Unattractive” in our US Large-Cap and “Unattractive” in our US Industrials Global Top Stock Ideas
  • United Technologies (UTX) shares edged higher after the company raised its FY2019 profit forecast, citing strength in the aerospace market. United Technologies expects to generate adjusted earnings of between $7.80/share and $8.00/share, up $0.10 from previously offered guidance. RBC Capital Markets analyst Deane Dray explained in a note to clients that, “The upside was driven by the aero business, which both posted better than expected sales and margins.” United Technologies is rated “Attractive” in our US Large-Cap and “Attractive” in our US Industrials Global Top Stock Ideas.

 

 

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We Crunch the Numbers, You Make the Trade.We Crunch the Numbers, You Make the Trade.

Global Financials Stocks Trending in the News

  • Fifth Third Bancorp (FITB) reported first quarter adjusted earnings that beat consensus.  Fifth Third Bancorp first quarter adjusted EPS of 63 cents came above the 59 cents consensus.  Fifth Third Bancorp reported a common equity Tier 1 ratio of 9.65% with a net interest margin of 3.28%.  Loan loss provisions totaled $89 million, below the $97 million expected.  Fifth Third Bancorp is rated “Neutral” in our US Large-Cap Global Top Stock Ideas
  • State Street Corp. (STT) shares slid after its quarterly financial results missed in key metrics and US deposit costs were higher than expected. State Street saw a net interest margin of 1.54% in its fiscal first-quarter that trailed the consensus of 1.56%. State Street’s noninterest bearing deposit costs for its US business rose 19 basis points in the quarter compared to an expected 16 basis point increase. State Street is rated “Unattractive” in our US Large-Cap Global Top Stock Ideas.

Global Commodities & Energy Stocks Trending in the News

  • Nucor (NUE) shares edged slightly higher after the company reported earnings of $1.63/share that beat analyst consensus of $1.50. Nucor’s net sales of $6.10 billion in its first-quarter matched analyst consensus for revenue of $6.10 billion. Nucor shipped 6.77 million tons of shipments in the first quarter. Nucor is rated “Attractive” in our US Large-Cap Global Top Stock Ideas.
  • Occidental Petroleum (OXY) made a counter-offer for Anadarko Petroleum (APC), seeking to outbid Chevron (CVX).  Occidental is offering $76 per share in cash in its $57 billion offer.  Chevron offered $65 per share recently in a mixture of cash and stock.  Occidental is a smaller company with a balance sheet less hefty than Chevron so that despite the higher price, it may not be more attractive to investors.  Occidental has not said how it would fund Chevron’s massive LNG project in Mozambique.  Occidental Petroleum is rated “Neutral” in our US Large-Cap Global Top Stock Ideas.  Anadarko Petroleum is rated “Top Short” in our US Large-Cap Global Top Stock Ideas.   Chevron is rated “Neutral” in our US Large-Cap Global Top Stock Ideas.  
  • Steel Dynamics (STLD) said it sees healthy demand for steel now and for the rest of 2019 on its earnings conference call.  Steel Dynamics expects overall steel demand to grow 2% y/y over 2019.  The company also expects steel-scrap prices to remain stable.  Steel Dynamics reported first-quarter EPS of 91 cents which trailed the 93 cents consensus.  Revenue of $2.80 billion came in line with US$2.83 billion consensus.  Steel Dynamics is rated “Neutral” in our US Large-Cap Global Top Stock Ideas

Global Health Care Stocks Trending in the News

  • Anthem (ANTM) reported first quarter earnings that beat expectations.  Anthem first quarter EPS of $6.03 came ahead of $5.84 consensus.  Anthem first quarter revenue of $24.39 billion, a touch ahead of $24.19 billion consensus.  Anthem first quarter benefit expense ratio was 84.4%.  Anthem raised EPS guidance for the full year to $19.20 to $19.40, up from $19 to $19.30.  Anthem said it expects about $100 billion in operating revenue in 2019.  Anthem is rated “Attractive” in our US Large-Cap Global Top Stock Ideas 
  • Boston Scientific (BSX) reported first quarter earnings that beat expectations.  Boston Scientific first quarter EPS of $0.35 came just below $0.36 consensus.  Boston Scientific first quarter revenue of $2.49 billion, a touch below $2.51 billion consensus.  Boston Scientific provided EPS guidance for the second quarter of $0.35 to $0.37, with full year EPS of $1.54 to $1.58.  Boston Scientific is rated “Neutral” in our US Large-Cap Global Top Stock Ideas 
  • Quest Diagnostics (DGX) announced first-quarter financial results that broadly beat the average analyst estimate. Quest Diagnostics generated an adjusted EPS of $1.40 in its most recent quarter, slightly above consensus of $1.36. Quest Diagnostic’s top-line revenue of $1.89 billion also edged past analyst expectations for $1.87 billion of revenue. Quest Diagnostics is rated “Neutral” in our US Large-Cap Global Top Stock Ideas.
  • Thermo Fisher (TMO) reported first quarter earnings that beat expectations.  Thermo Fisher first quarter EPS of $2.81 came ahead of $2.73 consensus.  Thermo Fisher first quarter revenue of $6.12 billion, a touch ahead of $6.02 billion consensus.  Thermo Fisher provided EPS guidance for the full year of $12.02 to $12.22.  Thermo Fisher said it expects revenue of $25.17 billion to $25.47 billion in 2019.  Thermo Fisher is rated “Top Buy” in our US Large-Cap Global Top Stock Ideas 
  • Waters Corp. (WAT) announced first-quarter results that broadly missed analyst estimates, sending the stock lower by the most in a decade. Evercore ISI wrote in a note to clients that the quarterly financials were, “just a total disappointment,” with a reported adjusted EPS of $1.60/share missing consensus for $1.73/share. Waters Corp. is rated “Attractive” in our US Large-Cap Global Top Stock Ideas.

 

 

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