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Struggling Playboy outsources business ops

Playboy Enterprises (PLA) announced Tuesday that it will outsource all of its publishing operations -- save editorial -- to American Media Inc., reports the Wall Street Journal (subscription required). The Florida-based firm will take the reins on Playboy's production, circulation, advertising sales, marketing, and support functions, in exchange for fees and incentives. No further financial details on the deal were provided.

"Our goal is to focus our resources on what we do best, which is to create compelling content," explained CEO Scott Flanders. "By joining forces with American Media, we will be able to significantly reduce our cost structure and leverage the economies of scale related to manufacturing, distribution and marketing that are available to this large, multi-title publisher."

Continue reading Struggling Playboy outsources business ops

J. Crew earnings preview: A strong Q3 all buttoned up?

Preppy fashion retailer J. Crew Group Inc. (JCG), which has been publicly traded since 2006, is scheduled to discuss its third-quarter 2009 results Tuesday in a conference call at 4:30 PM ET. You can catch the live webcast of the call on the company's website.

For the three months that ended in October, analysts surveyed by Thomson Reuters expect the New York-based company to report that its earnings rose 48.3% from a year ago to 58 cents per share, which is in line with the previously raised guidance. Revenue for the quarter is expected to be 12.4% higher to $407.9 million.

Continue reading J. Crew earnings preview: A strong Q3 all buttoned up?

Heinz earnings preview: Lower Q2 profit expected

H.J. Heinz Co. (HNZ), one of the world's largest food companies, is scheduled to discuss its fiscal second-quarter 2010 financial results in a conference call Tuesday, November 24, at 8:30 AM ET, hosted by CEO William R. Johnson. You can see the accompanying slides on the company's website.

During the three months that ended in October, Heinz partnered with the World Food Program and also declared a quarterly dividend. Analysts surveyed by Thomson Reuters expect the Pittsburgh-based company to report that earnings for the period fell 19.5% from a year ago to $0.70 per share. But revenue for the quarter is expected to total $2.6 billion, about the same as last year.

Continue reading Heinz earnings preview: Lower Q2 profit expected

Is dollar destined to dive in 2010?

Is a continued weakening in the dollar in the first half of 2010 a fait accompli? Not so fast.

The median prediction in Bloomberg's survey of as many as 43 strategists shows the dollar gaining against the euro, British pound, yen, Swiss franc, and Swedish krona by September 30, 2010, Bloomberg News reported Monday.

Continue reading Is dollar destined to dive in 2010?

Medtronic earnings preview: Strong Q2 predicted

Medtronic Inc. (MDT), a leading maker of implantable biomedical devices, is scheduled to release its fiscal second-quarter financial results Tuesday, November 24, before the market open, and then to discuss those results in a webcast at 8:00 AM ET. You can catch the live webcast at the company's website.

During the three months that ended in October, Medtronic was once again named to the Dow Jones Sustainability Index, settled a patent lawsuit, and announced management changes. Analysts surveyed by Thomson Reuters expect this Minneapolis-based company to report that earnings for the period rose 9.5% from a year ago to $0.74 per share. And revenue for the quarter is expected to be 5.0% higher to $3.8 billion.

Continue reading Medtronic earnings preview: Strong Q2 predicted

Campbell Soup earnings preview: Was the dividend boost a good sign?

Campbell Soup Co. (CPB), which recently raised its quarterly dividend by 10%, is scheduled to discuss its fiscal first-quarter 2010 financial results in a conference call Monday, November 23, at 10:00 AM ET. You can catch the live webcast of the call on the company's website.

During the three months that ended in October, Campbell revamped its Chunky line of soups, was named to the Dow Jones Sustainability Indexes, and debuted its first Times Square billboard. Analysts surveyed by Thomson Reuters expect the world's biggest soup maker to report that earnings for that period rose 4.9% from a year ago to $0.81 per share. And revenue for the quarter is expected to be 1.5% higher to $2.3 billion.

Continue reading Campbell Soup earnings preview: Was the dividend boost a good sign?

The week in preview: No turkey earnings from Tyson, Hormel, Cracker Barrel ...

Though the earnings season is winding down, and the coming week includes the Thanksgiving holiday in the U.S., plenty of reports are still due out. And analysts surveyed by Thomson Reuters don't seem to be expecting too many turkeys among this week's bunch.

Leading U.S. meat processor Tyson Foods Inc. (TSN), which has just named a new chief executive officer and a new chief operating officer, is expected to report fiscal fourth-quarter earnings of $0.26 per share, up from $0.14 in the same period of last year. But revenue is expected to total $6.9 billion, or 4.3% less than a year ago. The full-year forecast is for a profit of $0.25 per share (-16.7) on $26.4 billion (-3.9%) in sales. This dividend payer has offered upside surprises in the past two quarters, topping estimates by 11 cents per share in the third quarter.

Continue reading The week in preview: No turkey earnings from Tyson, Hormel, Cracker Barrel ...

Manufacturing in the Philadelphia area grows at a faster pace

What is the Philly/Fed Index and why is it important? The Philly/Fed Index measures manufacturing activity in the Philadelphia area. While it measures only one area of the country, over the years it has been a leading index for manufacturing overall.

Why bother measuring the manufacturing sector? The main reason is that manufacturing accounts for 12% of our GDP. Growth in manufacturing indicates that orders are picking up. If orders are picking up, the next step is to hire more workers. Hiring more workers speeds the growth of our economy and at the same time puts unemployed persons back to work.

Continue reading Manufacturing in the Philadelphia area grows at a faster pace

ADC Telecom (ADCT) drops sharply on Q4 loss, Q1 forecast

http://investor.adc.com/ADC Telecommunications (ADCT - option chain) stock is trading lower today after the company posted a fourth-quarter loss last night of $19.8 million, or 20 cents per share, on revenue of $183.9 million. ADCT also forecast a first-quarter adjusted loss of 10 to 0 cents per share on revenue of $250 million to $275 million. Analysts are forecasting a profit of 11 cents per share on revenue of $274 million. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on ADCT.

This morning, ADCT opened at $5.46. So far today the stock has hit a high of $5.93 and a low of $5.35. As of 12:05, ADCT is trading at $5.71, down 93 cents (-14.0%). The chart for ADCT looks bullish and S&P gives ADCT a positive 5 STARS (out of 5) strong buy ranking.

Continue reading ADC Telecom (ADCT) drops sharply on Q4 loss, Q1 forecast

Dell sells off hard after hours, following weak third quarter earnings

dell third quarter earnings reportAfter-hours traders punished Dell (DELL) stock Thursday, following a weak third quarter earnings report from the technology giant.

Going into the afternoon earnings release, analysts had been expecting to see the company show earnings of 28 cents per share. Actual earnings came in much lower at 23 cents per share.

Continue reading Dell sells off hard after hours, following weak third quarter earnings

Why is Pellegrini calling Bernanke's easy money policy 'sheer lunacy'?

Who is Paolo Pellegrini? Pellegrini is a Rome-born analyst who helped hedge fund operator John Paulson make tons of money in the subprime crash of 2007-2008.

It was Pellegrini who led the number crunching on mortgages and home prices and came to the conclusion that housing prices were about to collapse. Paulson's hedge fund took advantage of this data and proceeded to make $3.5 billion on his trades.

Continue reading Why is Pellegrini calling Bernanke's easy money policy 'sheer lunacy'?

Canadian Solar soars to new annual high on earnings beat

Canadian Solar Inc. (CSIQ) tagged a new 52-week peak Tuesday morning in the wake of its latest earnings report. The solar company announced that it raked in a third-quarter profit of $25.3 million, or 69 cents per share, while revenue dipped 16% to $213.1 million. The results handily exceeded analysts' consensus expectations for a profit of 54 cents per share on $210.9 million in revenue.

Shipments for the recently concluded quarter more than doubled on a sequential basis, arriving at 102.6 megawatts (MW). For 2010, Canadian Solar said it expects shipments to range between 600 MW and 700 MW, compared to the current 2009 forecast for shipments of 295 MW to 305 MW.

Continue reading Canadian Solar soars to new annual high on earnings beat

Ann Taylor upgraded: Ignore the stock or buy ahead of earnings report?

Ann Taylor (ANN) was upgraded Monday, according to TheStreet.com. Jesup & Lamont calls the stock a buy now instead of a hold. You're never far from the analyst game when you trade on Wall Street. Question is, what should you do about this retailer? Should you give it a position in your own portfolio?

I'm not the biggest fan of Ann Taylor. I don't like the fundamentals. I made this amply clear back in August when I discussed the company's second quarter.

Continue reading Ann Taylor upgraded: Ignore the stock or buy ahead of earnings report?

Illinois Tool Works (ITW) hits 52-week high on reaffirmed outlook

ITW logoIllinois Tool Works (ITW - option chain) shares are rising today after the company reaffirmed its fourth-quarter EPS guidance of 54 to 66 cents. ITW also said it expects Q4 revenue growth between -1% and 5%, or roughly $3.64 to $3.86 billion. Analysts are expecting the company to post EPS of 62 cents on $3.68 billion. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on ITW.

ITW opened this morning at $49.70. So far today the stock has hit a low of $49.58 and as of 12:00, the stock is trading right near a new 52-week high at $51.11 up $2.13 (4.3%). The chart for ITW looks neutral and S&P gives ITW a neutral 3 STARS (out of 5) hold ranking.

Continue reading Illinois Tool Works (ITW) hits 52-week high on reaffirmed outlook

U.S.: A nation in search of a new, cheaper energy form

For a quick "economic upper," check out the recent Columbia University forum on business and the U.S. economy featuring Bill Gates and Warren Buffett, which will undoubtedly be re-broadcast on CNBC during the holiday season. Amey Stone of DailyFinance has a good summary of the event.

One key takeaway: Gates, whose company Microsoft (MSFT) invented computer operating systems and software that revolutionized the business world, is now forecasting that alternative sources of energy will soon be discovered. These are not only cheaper than current energy forms, but also environmentally friendly.

Continue reading U.S.: A nation in search of a new, cheaper energy form

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Symbol Lookup
IndexesChangePrice
DJIA-42.7810,408.17
NASDAQ-11.442,164.57
S&P 500-3.231,103.01

Last updated: November 24, 2009: 12:25 PM

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