Consumer Discretionary Underperformed in May

New York, May 29th ( – The consumer discretionary sector spider (NYSE:XLY) fell 1.52% on Friday, capping a monthly loss of close to 9%.   The consumer discretionary ETF, underperformed the broad market index in May, as the XLY lost 8.9% versus the S&P 500, which lost 8.2%.   The price action in consumer discretionary … Continue reading “Consumer Discretionary Underperformed in May”

Crude Oil Worst Monthly Performance in 17 Months

New York, May 29th ( – Crude oil fell on Friday, capping the worst month since December 2008, after a Fitch Ratings downgrade of Spain’s credit rating, pushed the euro lower.   The commodity was already lower on the session after a government report showed April’s personal income rose, but consumers remained wary of the … Continue reading “Crude Oil Worst Monthly Performance in 17 Months”

Eaton Upgraded on Improved Outlook

New York, May 28th ( – Eaton Corporation (NYSE:ETN) was upgraded earlier today by UBS to Neutral from Sell. UBS cited that the recent pullback in the Eaton’s stock price, along with the end markets indicators improving, and execution in recent quarters that exceeded the firm’s expectations. Shares of Eaton were trading lower today despite … Continue reading “Eaton Upgraded on Improved Outlook”

Analysts Jumping in With ULTA As Stock Consolidates At 52 Week High

New York, May 28th ( – Shares of Ulta Salon (NASDAQ:ULTA) are trading considerably higher on a down market by ~ 3.35% in the early trading session. Ulta established a 52 week high last month and today broke it on an intraday basis; the stock has also been very resilient during the latest market down … Continue reading “Analysts Jumping in With ULTA As Stock Consolidates At 52 Week High”

Nokia Lower Despite Upgrade by MKM Partners

New York. May 28th ( – Shares of Nokia are trading down today by ~1.25% despite today’s upgrade by MKM Partners. The research firm upgraded Nokia to a Neutral from its current Sell rating. This because the share price has reached their $10 price target and they believe the spring outlook has brightened a bit. … Continue reading “Nokia Lower Despite Upgrade by MKM Partners”

Collective Brands Earnings Preview

New York, May 28th ( – Shares of Collective Brands, Inc. (NYSE:PSS) are trading flat by ahead of its quarterly earnings release. Collective Brands, the retailer of branded footware like Stride Rite, Sperry Top-Sider, Saucony, and Keds is expected to release its quarterly results on June 2nd. Wall Street Analysts consensus calls for a profit … Continue reading “Collective Brands Earnings Preview”

Did Microsoft Found its Floor? Analysts Think So

New York, May 27rg ( – Shares of Microsoft (NASDAQ:MSFT) have been outperforming today by gaining more than 4%, putting its price just above the $26 area. The price action in the software giant turned around significantly after the FBR Capital upgrade and the Buy rating reiteration by Caris. Analysts came to the defense of … Continue reading “Did Microsoft Found its Floor? Analysts Think So”

Costco Higher on Earnings Beat

New York, May 27th ( – Shares of Costco (NASDAQ:COST) are on the verge of breaking its current downtrend, after the owner and operator of wholesale membership warehouses reported better than expected 3rd Quarter earnings. Costco beat by $0.02 the analyst consensus of $0.66; Costco also saw an increase in revenues, beating street expectations $17.78 … Continue reading “Costco Higher on Earnings Beat”

Soleil Reduces Estimates and Cuts Targets for Monsanto

New York, May 26th ( – Shares of Monsanto (NYSE:MON) continue to trade in 52 week low territory, as the onslaught of downgrades continue to haunt the stock. Monsanto’s shares are trading lower today by 2.50% as the stock tests the $53 area. Today is clearly underperforming other Ag stocks following the estimate and price … Continue reading “Soleil Reduces Estimates and Cuts Targets for Monsanto”

UBS Sees Upside for Under Armour

New York, May 26th ( – Shares of Under Armour (NYSE:UA) are trading significantly higher today by 8% from its previous close. This after the performance apparel, footwear and accessories maker was upgraded earlier by UBS from Neutral to Buy. UBS also raised its target on the sports apparel maker to $38 from $36. UBS … Continue reading “UBS Sees Upside for Under Armour”