Month: September 2012

Body Central (NASDAQ:BODY) was upgraded from Perform to Outperform at Oppenheimer today. The stock closed yesterday at $10.25 on volume of 992,000 shares, above average daily volume of 281,000.Over the past year, Body Central has traded in a range of $7.71 to $30.93 and closed yesterday at $10.25, 33% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.5% while the 200-day MA has slid 1.6%.Body Central (NASDAQ:BODY) defies analysts with a current price ($11.24) 34.9% above its average consensus price target of $8.33. Body Central shares should encounter resistance at the 200-day moving average (MA) of $18.81 and support at the 50-day MA of $9.39.

AK Steel Holding (NYSE:AKS) was downgraded from Neutral to Sell at Citigroup today. The stock closed yesterday at $5.25 on volume of 9.1 million shares, above average daily volume of 8.1 million.Over the past year, AK Steel Holding has traded in a range of $4.44 to $10.33 and closed yesterday at $5.25, 18% above that low. The 200-day and 50-day moving averages have moved 1.06% lower and 0.93% lower over the past week, respectively.AK Steel Holding has overhead space with shares priced $5.25, or 9.0% below the average consensus analyst price target of $5.77. AK Steel Holding shares should first meet resistance at the 50-day moving average (MA) of $5.43 and find additional resistance at the 200-day MA of $6.94.

The markets opened higher this morning after the release of some encouraging economic data, but turned lower this afternoon. The S&P Case-Shiller Home Price Index shows that home prices rose 0.4 percent in July marking the sixth consecutive month of gains.

From Fnno.com, This is the financial news network. Here’s what’s in the news for Tuesday September 25, 2012. The Wall Street Journal also reports GE (NYSE:GE) CEO Jeffrey Immelt said there would be no significant acquisitions in 2012, but the company may be working up an appetite again. A company executive said they want to more than double the size of its new mining business to $5B in revenue by 2016. Reuters reports Sony Corp. (NYSE:SNE) will likely approve a plan this week to invest $642M in troubled Olympus Corp. (PINK:OCPNY), becoming its largest shareholder with about a 10% stake, sources say. Reuters also reports Google (NASDAQ:GOOG) began sale of its Nexus 7 tablet in Japan, as well as local language movies and books, in what has quickly become one of its major global markets for digital downloads. Bloomberg reports Google (NASDAQ:GOOG) Chairman Eric Schmidt said it would be up to Apple (NASDAQ:AAPL) to approve the company’s map application for Apple’s operating system after the iPhone maker’s own app was criticized by reviewers. Finally, Bloomberg also reports Royal Bank of Scotland (NYSE:RBS) managers condoned and participated in the manipulation of global interest rates, indicating that wrongdoing extended beyond the four traders the bank fired. For more financial news and analysis follow us on Twitter @FNNOnline or check out our website at fnno.com.

The Daily Ticker’s Aaron Task and Henry Blodget discuss the global economy

This morning, Goldman Sachs added Walgreen (WAG) to its Conviction Buy list as earnings growth over the next few quarters will drive the stock higher. In the report, Goldman set a price target of $43 per share.

This morning, UBS downgraded shares of Automatic Data Processing (ADP) from buy to neutral citing valuation. The stock is approaching the firm’s $59 price target, leaving less upside for investors.

From Fnno.com, this is the Financial News Network. Here’s a few things to watch for in the financial world today August 24.Salesforce.com (NYSE:CRM) seeing losses after posting a weak third quarter outlook on positive second quarter results. The company reported a non-GAAP EPS of 42 cents, higher the 39 cents a share analysts were expecting. Revenue was up 34% to $731.6 million, also above the street’s estimate of $728 million. But, the company’s third quarter outlook, now in the range of 31 to 32 per share, was below the analyst estimate of 34 cents. This has caused doubt to surface among investors as well as a sell off in after hours trading yesterday. It will definitely be one to watch on Wall Street. Krispy Kreme Doughnuts (NYSE:KKD) continuing to hold its own in the fast breakfast and coffee segment. The donut maker posted first quarter 2013 earnings of 12 cents a share, beating analyst expectations of 7 cents. Revenue for the quarter rose 4.3% to $102.1 million, just missing estimates of $104.6 million. The news investors are excited about though is the company’s outlook. Krispy Kreme sees full-year earnings now in the range of 36 to 42 cents. That’s up from their previous forecast and above the average analyst estimate of 32 per share. This shows Krispy Kreme is definitely still in the competition between stores specializing in fast coffee and breakfast.Finally, software developer Autodesk (NASDAQ:ADSK) is yet another company set for movement after their reported quarterly results. The company posted EPS of 28 cents a share, down from the previous year and missing the street’s estimate of 49 cents. Revenue came in at $568.7 million, also below estimates of $593 million. The company also announced a new restructuring program that will include job cuts and a push into cloud computing. The stock already dropped 20% over after hours trading and will move significantly in today’s session.Those were a few things to watch out for here on the Financial News Network. For more coverage and analysis of the business world follow us on twitter @FNNOnline or check out our website at fnno.com.

Krispy Kreme Doughnuts (NYSE:KKD) continuing to hold its own in the fast breakfast and coffee segment. The donut maker posted first quarter 2013 earnings of 12 cents a share, beating analyst expectations of 7 cents. Revenue for the quarter rose 4.3% to $102.1 million, just missing estimates of $104.6 million. The news investors are excited about though is the company’s outlook. Krispy Kreme sees full-year earnings now in the range of 36 to 42 cents. That’s up from their previous forecast and above the average analyst estimate of 32 cents per share. This shows Krispy Kreme is definitely still in the competition when it comes to stores specializing in fast coffee and breakfast.Stock in the company is doing well in today’s trading. Shares are up over a half a percent to $7.37.

Gazprom has some unwanted guests today as protesters have taken up residence on one of its oil platforms. GreenPeace activists, using inflatable speedboats, approached and scaled an arctic platform in the early hours of the morning on Friday. The GreenPeace members are protesting against drilling in the fragile arctic region, an environment they want to protect against the possibility of a catastrophic oil spill. They are currently pursuing a United Nations resolution that would declare the arctic off limits for oil extraction.According to Reuters, the oil field in question has experienced numerous set backs recently, being hampered by construction problems and budget overruns. Despite all these problems, crude oil is expected to start flowing by the beginning of 2013.