stock market usa

By Parke Shall

The BlackBerry (NASDAQ:BBRY) turnaround story continues to have very little to no effect on the company stock price. However, a recent move for the company to again push further into software and a newly minted agreement with Ford (NYSE:F) shows promise for the Canadian company going forward. With plenty of cash in the bank and a newly stabilized company from a cash burn perspective, Blackberry could very well still be taking all the steps it needs for a full turn around, despite what the stock price is telling investors.

The turnaround has certainly taken a lot longer than people have thought.

stock market usa: J.M. Smucker Company (The)(SJM)

Advisors' Opinion:

• [By Ben Levisohn]

  Shares of JM Smucker (SJM) are getting pounded today after the food company beat earnings forecasts but missed on revenue. Susquehanna’s Pablo Zuanic doesn’t recommend using JM Smucker’s weakness as an opportunity to buy shares:

  Associated Press

  The sales miss today (worth 7c of EPS) is troubling as it shows the Big Heart pet food business (1/3 of SJM post acquisition) has significant gaps (mass premium, independent specialty) and is not sustaining growth in the areas that were supposed to drive growth in the first place (pet snacks, sales in the specialty channel); and the other half (wet/dry pet food) faces ongoing price pressures. All this raises the risk that a larger share of BH synergies may eventually need to be reinvested. On the other hand, coffee was not as bad as the fiscal 1Q17 numbers implied; pipeline fill comps were hefty, and although underlying trends are slowing, this is nowhere as bad as what the headline reported numbers indicate. Despite cutting total company sales guidance, SJM management left EPS guidance unchanged (lower input costs, lower tax rate). We have slightly lowered our already below consensus sales estimates, but have increased coffee margin assumptions, so actually our EPS goes to $7.54 from $7.52, up but still below guidance of $7.60-7.75. Our price target remains at $139 by Dec��16. Our proper apples-to-apples comps, taking the intraday price of $143.80, SJM trades at a -8% discount to peers, while we think a 5-10% discount would be more warranted (our PT takes -10% given increased risk and blurred visibility). We think coffee margins for FY16 are abnormal and do not expect them to be sustained in FY18; by the same token, we see downside risk by then in pet food margins.

  Citigroup’s David Driscoll and Cornell Burnette call the selloff “overdone.” They explain why:

  SJM shares are down -8% following the firm��s F1Q17 report, in which SJM beat consensus EPS ests by +

• [By Ben Levisohn]

  J.M. Smucker (SJM) has climbed 4.4% to $138.60 after reporting higher-than-forecast revenue.

  Francesca’s Holdings (FRAN) has jumped 5.4% to $11.00 after beating earnings forecasts.

• [By Douglas A. McIntyre]
  The Pillsbury Doughboy is the mascot of the Pillsbury Company, which is owned by General Mills (NYSE: GIS) and J.M. Smucker (NYSE: SJM). The Doughboy was created by Pillsbury��s advertising agency almost 50 years ago. Pikachu are characters owned by The Pokemon Company International and appear in card games, video games, TV shows, movies and comic books. Founded in 1998, the Japanese company has achieved total games sales of almost 280 million. SpongeBob SquarePants was created for Nickelodeon, which is owned by Viacom (NASDAQ: VIA). The show premiered in 1999 and has spawned movies, video games and theme park rides. Ronald McDonald is a c

stock market usa: SPX Corporation(SPW)

Advisors' Opinion:

• [By Damon Churchwell]

  These companies manufacture processing products used by industries such as food and beverages, oil & gas, and wastewater treatment, among others. They serve a wide range of end markets that are mostly poised for increased earnings and are likely to spend on capital projects. While these positive trends persist, flow technology companies' prospects ought to remain favorable. Let's�highlight several sector participants, starting with a top selection,�SPX�(NYSE: SPW),.

stock market usa: Humana Inc.(HUM)

Advisors' Opinion:

• [By Ben Levisohn]

  Clinton 15 stock basket (DBUSCLNT): UnitedHealth Group (UNH), Humana (HUM), McKesson (MCK), Aecom (ACM), Quanta Services (PWR), ExxonMobil (XOM), Alcoa (AA), NextEra Energy (NEE), Cree (CREE), First Solar (FSLR), Facebook (FB), Netflix (NFLX), Prudential Financial (PRU), Citigroup (C), Union Pacific (UNP).

• [By Ben Levisohn]

  How good were UnitedHealth Group’s (UNH) earnings today? So good its stock has jumped the most in more than six years–and lifted competitors like Humana (HUM), Cigna (CI), Aetna (AET), and Anthem (ANTM) as well. Leerink’s Ana Gupte explains why the market is in love with UnitedHealth’s earnings:

• [By Lisa Levin]

  Humana Inc (NYSE: HUM) delivered better than expected results for the third quarter. However, the company’s adjusted EPS forecast came in below the estimates.

• [By David Zeiler]

  Aetna is the focus of the senators' wrath, but four of the five largest U.S. health insurers have a stake in this fight:

  No. 3 Aetna is attempting to acquire No. 5 Humana Inc. (NYSE: HUM); andNo. 2 Anthem Inc. (NYSE: ANTM) is seeking to acquire No. 4 Cigna Corp. (NYSE: CI).

  Related: Why the Cost of Obamacare Plans Will Continue to Skyrocket

stock market usa: Amphenol Corporation(APH)

Advisors' Opinion:

• [By Lee Jackson]

  This is the top pick in the sector and has remained a favorite at RBC for some time.�Amphenol Corp. (NYSE: APH) is one of the world��s largest designers, manufacturers and marketers of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor-based products and coaxial and high-speed specialty cable.