Hibbett Outperforms Rivals & Reports Higher Profits Than Expected, Stock Climbs 21%: Time to Buy?
While much of the sporting retail industry takes steps backward amidst this challenging economic climate, Hibbett Sporting (HIBB) reported second-quarter earnings that outperformed not just the analyst expectations, but industry rivals too. The company reported sales of $374.9 million, which was just shy of the consensus of $376 million. This was a 4.6% decline over the last year. But, [...]
Splunk Gains 13% After Earnings Beat Consensus: 2 Other Reasons to Consider Investing in SPLK
Shares of Splunk (SPLK) were trading higher in Wednesday afternoon’s extended trading session yesterday, and when the bell sounded this Thursday morning, they picked up where they left off. SPLK is up more than 13% so far after beating the consensus in the company’s second-quarter earnings. The San Francisco software company grew revenue by 14% in the period to [...]
Celestica Inc. Breaks Out to All-Time High: Can It Keep Going?
By Leslie N. Masonson, MBA Celestica Inc. (CLS), is a NYSE-listed firm incorporated in 1996 headquartered in Toronto, Canada. Therefore, American investors are probably not familiar with this company which doesn’t get coverage in the U.S. financial media. Because of its future prospects based on its growing earnings and 85% price appreciation over the past year, investors should keep [...]
Foot Locker Steps Back on Guidance After Another Bad Quarter: With FL Down 30%, Is It Time to Sell?
Foot Locker (FL) investors were in for a rude awakening this Wednesday morning as the company reported fiscal second-quarter earnings that featured another step backward on the full-year guidance. While the company’s earnings were right on target with what analysts were looking for (4 cents adjusted), revenue slid below the analyst consensus ($1.86 billion compared to $1.88 billion expected). [...]
Lowes Struggles With Dwindling Sales, But Reaffirms Full-Year Outlook: Time to Buy the Stock?
Lowes (LOW) reported second-quarter earnings in Tuesday morning’s trading session. So far, the news has sent shares more than 4% higher as the company may be suffering from a setback in sales but remains optimistic and upheld its full-year outlook. Revenue for the fiscal second quarter came in at $24.96 billion, which was just shy of the $24.99 billion [...]
Can You Time The Market? YES!!
By Steve Chappell, Global Head of Trading Systems Development for VectorVest, Inc. It has always been ironic to me that seemingly everyone on Wall Street says, “You can’t time the market,” and then proceeds to make predictions about its future. Somewhere along the way, market timing became a myth, or worse, a total investing taboo. So, you’d be forgiven for [...]
