Month: October 2012

Abercrombie & Fitch (ANF) was upgraded by Piper Jaffray (PJC) to overweight with a price target of $40, as the brand has stabilized with teens. Shares are higher by over two percent.

Fifth Third (FITB) was downgraded by Bank of America/Merrill Lynch (BAC) to neutral from buy with a price target of $16.50, as the stock price has increased by 19% since the summer and the firm believes the it may have gotten ahead of itself. Shares are lower by about a tenth of a percent.

In trading on Wednesday, textiles shares were relative leaders, up on the day by about 1.3%. Leading the group were shares of True Religion Apparel (TRLG), up about 22.2% and shares of Ralph Lauren (RL) up about 2% on the day.

Oil company Chevron (CVX), the second largest after ExxonMobil (XOM), announced that it expects substantially lower third quarter earnings. The company said that oil production fell during the first two months of the quarter, and the company also received a lower price for oil sold.

Yahaire Tapia, asesora financiera, hizo la lista de las cosas que no deben hacer tus cobradores.

Vasco Data Security (VDSI) lowered its outlook for the full year due to lower banking industry orders. The company expects revenue in the range of $150 million to $157 million for 2012, down from the revenue forecast of at least $175 million it had issued in July.

Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at one noteworthy recent insider buy.

Pier 1 Imports (PIR) was rated as a new buy by Deutsche Bank (DB) with a price target of $25 price target, as positive trends in the industry will bode well for the stock price. Shares are lower by about one percent.

Owens Corning (OC) cut its earnings forecast for the year due to weakness in its roofing and composites businesses. The company anticipates adjusted earnings before interest and taxes to be between $280 million and $310 million versus the previously reported $360 million to $420 million.

Destination Maternity (DEST) announced on Tuesday that fourth quarter revenue fell, though the results still beat estimates. The company also sadi that quarterly earnings will beat estimates as well.