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Global Stocks Trending in the News for May 3rd, 2019

May 03, 2019

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Global Consumer Stocks Trending in the News

  • Aptiv (APTV) announced adjusted earnings guidance for the second quarter that came below the lowest analyst estimate, sending other auto suppliers lower alongside it. Aptiv expects adjusted EPS during the second quarter to come between $1.11 and $1.17, well below analyst forecasts that ranged between $1.23 and $1.51. Aptiv’s adjusted EPS during the first quarter of $1.05 came slightly above consensus expectations of $1.01. Aptiv is not rated in our Global Top Stock Ideas.
  • Caesars Entertainment (CZR) reported first quarter revenue that beat expectations with earnings that trailed.  Caesars Entertainment reported first quarter revenue of $2.12 billion, ahead of $2.08 billion consensus.  Caesars posted a loss per share of 32 cents, well below the 17 cents expected.  Caesars Entertainment is rated “Unattractive” in our US Large-Cap Global Top Stock Ideas and “Unattractive” in our US Consumer Discretionary Global Top Stock Ideas  
  • Church & Dwight (CHD) posted first quarter earnings that beat expectations.  Church & Dwight reported first quarter adjusted EPS of 70 cents, ahead of 64 cents expected.  Church & Dwight first quarter revenue of $1.04 billion matched consensus.  Church & Dwight provided second quarter guidance of ~52 cents, matching consensus.  Organic revenue growth of 3.5% is expected in the second quarter and for the full year.  Church & Dwight is rated “Attractive” in our US Large-Cap Global Top Stock Ideas and “Attractive” in our US Consumer Staples Global Top Stock Ideas  
  • Dunkin’ Brands (DNKN) reported first quarter earnings that beat consensus with guidance that is below.  Dunkin’ reported first quarter EPS of 67 cents, ahead of 62 cents consensus.  First quarter revenue of $319.1 million beat $312.6 consensus.  Dunkin Donuts same store sale beat while Baskin-Robbins trailed expectations.  Dunkin’ Brands is rated “Attractive” in our US Large-Cap Global Top Stock Ideas and “Attractive” in our US Consumer Discretionary Global Top Stock Ideas  
  • Hanesbrands (HBI) posted first quarter earnings and net sales that beat expectations.  Hanesbrands first quarter adjusted EPS of 27 cents beat 25 cents expectations.  First quarter net sales of $1.59 billion beat $1.53 billion consensus.  Hanesbrands provided EPS guidance of 43 cents to 45 cents while present consensus was 46 cents.  Net sales are expected to be $1.74 to $1.79 billion in the second quarter.  Hanesbrands is rated “Neutral” in our US Large-Cap Global Top Stock Ideas and “Attractive” in our US Consumer Discretionary Global Top Stock Ideas  
  • Intercontinental Exchange (ICE) reported first quarter earnings that beat consensus.  Intercontinental Exchange first quarter adjustable EPS of $0.92 came just above $0.90 consensus.   First quarter revenue of $1.27 billion matched consensus of $1.27 billion.  Intercontinental Exchange approved a $0.275 per share dividend for the second quarter.  Intercontinental Exchange sees second quarter data revenue of $550 million to $555 million.  Intercontinental Exchange is rated “Top Buy” in our US Large-Cap Global Top Stock Ideas.
  • Kellogg (K) reported first quarter earnings that beat consensus.  Kellogg reported first quarter EPS of $1.01, ahead of 95 cents expected.  Kellogg’s first quarter revenue of $3.52 billion, in line with $3.54 billion.  Recently announced divestures will cuts 2019 by 2-3%.  Kellogg said CFO Fareed Khan will leave July 1st.  Kellogg is rated “Unattractive” in our US Large-Cap Global Top Stock Ideas and “Attractive” in our US Consumer Staples Global Top Stock Ideas  
  • Shake Shack (SHAK) reported sales growth that beat expectations and upped guidance.  Shake Shack first quarter same store sales grew 3.6%, well ahead of the 0.8% growth expected.  Revenue of $132 million beat $127 million expected.  Second quarter revenue guidance was hiked to $576 million to $582 million, up from $570 million.  Shake Shack is rated “Unattractive” in our US Large-Cap Global Top Stock Ideas and “Neutral” in our US Consumer Discretionary Global Top Stock Ideas.
  • Starbucks (SBUX) is recalling a coffee press it sold in its stores.  Starbucks is recalling about 263,000 Budum coffee presses it sold in its store in a voluntary recall due to it potentially breaking during use.  Starbucks informed the US Consumer Products Safety Commission.  The presses were sold from 2016 until this past January.  The cost of the recall could top $5 million for Starbucks if all presses are returned.  Starbucks is rated “Top Buy” in our US Large-Cap Global Top Stock Ideas and “Top Buy” in our US Consumer Discretionary Global Top Stock Ideas  
  • Tesla Inc. (TSLA) shares traded higher after the company announced plans to raise roughly $2 billion of capital through debt and stock offerings. Tesla filed on Thursday to sell $1.35 billion in convertible debt notes and $650 million in equity shares. Dan Ives of Wedbush Securities explained that, “We view this as a clear net positive for Tesla.” Tesla is rated “Unattractive” in our US Large-Cap Global Top Stock Ideas and “Neutral” in our US Consumer Discretionary Global Top Stock Ideas.
  • Wayfair (W) shares fell by double-digits after the online retailer reported a wider than expected loss during its first quarter. Wayfair observed a loss per share of $1.62 during the first quarter, slightly worse than consensus forecasts for a loss of $1.60/share. Loop Capital urged investors against selling Wayfair shares, explaining that higher expenses were the cause of the online retailer’s wider than expected loss. Wayfair is rated “Unattractive” in our US Large-Cap Global Top Stock Ideas and “Neutral” in our US Consumer Discretionary Global Top Stock Ideas.

Global Information Technology and Communication Services Stocks Trending in the News

  • Activision Blizzard (ATVI) delivered first quarter earnings that beat expectations.  Activision Blizzard posted first quarter adjusted EPS of 31 cents versus 26 cents expected.  Adjusted revenue of $1.26 billion slightly beat consensus of $1.23 billion.  Activision Blizzard gave EPS guidance for the second quarter of 23 cents well below consensus of 37 cents.  Full year EPS guidance given was ~$2.10, below consensus of $2.19.  Activision Blizzard is rated “Unattractive” in our US Large-Cap Global Top Stock Ideas and “Attractive” in our US Information Technology Global Top Stock Ideas.
  • Advanced Micro Devices (AMD) delivered first quarter earnings and revenue in line.  AMD first quarter revenue of $1.27 billion matched consensus of $1.26 billion, growing 8%.  Adjusted EPS of 6 cents came a bit ahead if 5 cents expected.  AMD gave second quarter revenue guidance of $1.47 billion to $1.57 billion.  AMD is rated “Unattractive” in our US Large-Cap Global Top Stock Ideas and “Neutral” in our US Information Technology Global Top Stock Ideas. 
  • Apple (AAPL) reported fiscal second quarter earnings that beat consensus.  Apple first quarter EPS was $2.46, beating $2.36 consensus.  Apple saw revenue of $58 billion in the second quarter beating consensus of $57.49 billion.  Apple announced it would buy back $75 billion worth of stock.  Apple gave third quarter revenue guidance of $52.5 billion to $54.5 billion, well above consensus of $52.2 billion.  Apple said iPhone revenue dropped to $31.05 billion from $37.6 billion a year ago.  Apple is rated “Neutral” in our US Large-Cap Global Top Stock Ideas and “Neutral” in our US Information Technology Global Top Stock Ideas.  
  • MSG Networks Inc. (MSGN) shares slid by double digits after the company reported a y/y drop in subscribers slightly under 4%. The decline in subscribers during the company’s fiscal third quarter was worse than expected, according to Evercore analyst David Joyce. MSG Network’s top-line managed to beat expectations while margins during the fiscal third quarter were mostly in line with forecasts. MSG Networks is rated “Top Buy” in our US SMID-Cap Global Top Stock Ideas and “Attractive” in our US Information Technology Global Top Stock Ideas.

Global Industrials Stocks Trending in the News

  • Fluor Corp. (FLR) shares fell by the most intraday in nearly two decades after CEO David Seatron unexpectedly resigned following a surprising loss in the first quarter. Analysts had expected Fluor Corp. to report earnings of $0.52/share during the first quarter while the company actually generated a loss of $0.14/share. In addition to his former position as CEO, Seatron also stepped down from Chairman of Fluor’s board of directors. Fluor is rated “Top Short” in our US Large-Cap Global Top Stock Ideas and “Top Buy” 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

  • Apollo Global (APO) announced first quarter earnings that trailed consensus as said it will convert to a corporation.  Apollo reported distributable EPS of 50 cents, behind 57 cents expected.  Apollo reported $303 billion in asset under management with $24.9 billion in inflows.  Apollo announced it will convert to a corporation from a partnership, a move many of its peers have already done in the wake of tax law changes.  Apollo Global is rated “Attractive” in our US SMID-Cap Global Top Stock Ideas
  • CME Group (CME) reported first quarter results that came largely in line with consensus.  CME Group first quarter revenue of $1.18 billion matched consensus of $1.19 billion.  First quarter EPS of $1.62 came just above $1.60 consensus.   Total average rate per contract rose 2% to 71.3 cents.  CME Group is rated “Unattractive” in our US Large-Cap Global Top Stock Ideas.
  • MetLife (MET) reported earnings and net income that beat expectations.  MetLife first quarter EPS of $1.48 beat consensus of $1.27.  First quarter net income of $1.35 billion beat $1.25 billion consensus.  Premiums and fees grew 2% in the quarter as its return on equity rose to 10.3% from 9% a year ago.  MetLife is rated “Neutral” in our US Large-Cap Global Top Stock Ideas
  • Metro Bank Plc (LSE: MTRO) shares plunged by more than 15% after the company disclosed that several business customers pulled their deposits from the British lender earlier in 2019. Metro Bank attributed, “adverse sentiment,” for the elevated withdrawal levels, which came as the company faced a regulatory probe and dealt with misclassification of mortgages earlier in the year. Metro Bank is rated “Unattractive” in our United Kingdom All-Cap Global Top Stock Ideas.

Global Commodities & Energy Stocks Trending in the News

  • Dow Inc (DOW) reported revenue just above consensus.  Dow reported first quarter revenue of $10.77 billion, just ahead of consensus of $10.70 billion.  Dow posted operational ebitda of $1.92 billion.  Dow said it sees some “discrete headwinds” in the coming quarter.  Dow said it is focused on realizing costs savings through synergies with $125 million already realized and has $400 million to yet be realized.  Dow is rated “Unattractive” 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