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[ August 28, 2016 | Author: Admin | Views: 11395 | Weather: | Mood: normal]

Is DSW (DSW) missing the designer touch? Credit Suisses Christian Buss seems to think so. The sell-side analyst downgraded the off-price shoe merchant to neutral from outperform with a $26 price target, arguing that the retailer lacks high-end merchandise. Our proprietary analysis of over 2,000 SKUs at DSW suggests the current brand portfolio no longer supports the companys historic brand proposition. While the company originally sourced nearly 80% of its product from national brands available primarily in premium distribution, its current brand portfolio offers few designer and premium styles, with 92% of shelf space allocated to mid-tier and private label brands whose primary channel is in mid-tier and low-end distribution. As a result, we believe the concept has lost one of its key differentiating features and the attraction point for repeat visits, suggesting that recent comp challenges are structural and not transitory. Buss sees DSW delivering low-to-mid single digit revenue … Continue reading

[ August 28, 2016 | Author: Admin | Views: 68799 | Weather: | Mood: normal]

Related UAN Mid-Morning Market Update: Markets Mostly Lower; Wal-Mart Lowers Sales Outlook Top 4 Small-Cap Stocks In The Agricultural Chemicals Industry With The Lowest PEG Ratio Energy/Materials – Top 5 Gainers / Losers as of 2:00 pm (Seeking Alpha) Related RFP Resolute Files Racketeering Suit Against Greenpeace in U.S. Federal Court Mid-Afternoon Market Update: Crude Oil Down 2%; KKR Shares Slide Following Q1 Results   Toward the end of trading Tuesday, the Dow traded down 0.50 percent to 17,644.22 while the NASDAQ declined 0.40 percent to 4,829.18. The S&P also fell, dropping 0.42 percent to 2,070.42. Leading and Lagging Sectors On Tuesday, non-cyclical consumer goods & services shares gained by 0.12 percent. In trading on Tuesday, basic materials shares declined by 1.82 percent. Meanwhile, top losers in the sector included CVR Partners LP (NYSE: UAN), down 10 percent, and Resolute Forest Products Inc (NYSE: RFP), down 9 percent. Top 5 … Continue reading

[ August 26, 2016 | Author: Admin | Views: 25082 | Weather: | Mood: normal]

Citigroup’s Itay Michaeli and Justin Barell see the announcement that Volkswagen is investing in Uber-competitor Gett as one more sign that there’s a lot more going on in autos than just selling cars. They explain why that’s good news for General Motors (GM) and Ford Motor (F): General Motors/Associated Press We wanted to highlight a notable quote from the VW press release that we believe strongly supports our Theyre Not Car Stocks thesis: Innovative, digitally integrated services covering all aspects of mobility promise very strong growth momentum and huge earnings opportunities in the coming years. The ride-hailing market represents the greatest market potential in on-demand mobility, while creating the technological platform for developing tomorrows mobility business models. The Volkswagen Groups expressed goal is to generate a substantial share of sales revenue from such new business models by 2025. To this end, the Group is opening for new partnerships and strategic … Continue reading

[ August 26, 2016 | Author: Admin | Views: 6421 | Weather: | Mood: normal]

Morgan Stanley’s Adam Parker and team observe that biotech stocks now trade at the equal–or lower–valuations as US pharmaceutical companies. They consider the implications: Kevin Hagen for The Wall Street Journal US biotechnology stocks have markedly pulled back and now trade in line with US and European pharmaceutical companies on price-to-forward earnings and at a slight discount on price-to-operating cash flow. Macro trading patterns appear to be largely responsible, as biotech stocks are less idiosyncratic now than any time in history, and pharma appears to be a pretty macro trade as well, likely the result of a high investor focus on dividend yield compared to biotech. While recent earnings revisions trends have been strong for pharma, in the 95th percentile vs. history, ultimately, we think faster sales growth (9% vs. 4% going forward per MS analyst estimates), more margin expansion (net margins have moved from 13% to roughly 30% this … Continue reading

[ August 26, 2016 | Author: Admin | Views: 18984 | Weather: | Mood: normal]

ASSOCIATED PRESS It looks like Best Buy (BBY) is no longer living up to its name, or so says Goldman Sachs. Earlier today, analyst Matthew Fassler removed the electronics retail giant from the firms closely-watched Americas Buy list, where he put the stock less than a month ago. During that time, Best Buy has climbed 12.4%, as the S&P 500 has fallen 3%. But looking ahead, Fasssler sees sales during the first half of the 2016 fiscal year falling below consensus estimates as a sluggish wireless market overshadows strength in television sales. So hes downgraded Best Buy to neutral from buy. As he writes: Our Buy thesis was based primarily on the anticipated strength of the TV cycle, coupled with BBYs powerful position in the TV space as 4K/UHD technology gains traction; this dynamic played out better than expected, as the electronics category beat our expectation for the year. However, … Continue reading