Netflix, Inc. (NASDAQ: NFLX), Finisar (NASDAQ: FNSR), Genuine Parts Company (NYSE: GPC), Magellan Health Services Inc (NASDAQ: MGLN), Quiksilver, Inc. (NYSE: ZQK) and Salesforce.com (NYSE: CRM) had ratings on them reiterated by analysts.
Merriman Curhan Ford reiterated its "Neutral" rating on Netflix, Inc. (NFLX).
Piper Jaffray (NYSE:PJC) reiterated its "Overweight" rating on Finisar (FNSR).
Goldman Sachs (NYSE:GS) reiterated its "Sell" rating on Genuine Parts Company (GPC).
Bank of America Merrill Lynch (NYSE:BAC) reiterated its "Underperform" rating on Magellan Health Services Inc. (MGLN).
Piper Jaffray (NYSE:PJC) reiterated its "Overweight" rating on Quiksilver, Inc. (ZQK).
Morgan Keegan reiterated its "Outperform" rating on Salesforce.com (CRM).
Showing posts with label Genuine Parts. Show all posts
Showing posts with label Genuine Parts. Show all posts
Tuesday, September 6, 2011
Thursday, January 6, 2011
Advanced Auto (NYSE:AAP), AutoZone (NYSE:AZO), O'Reilly (Nasdaq:ORLY), Genuine Parts (NYSE:GPC) Vulnerable in 2011 Says FBR
With their strong performance of 2010 behind them, auto parts retailers like Advanced Auto (NYSE:AAP), AutoZone (NYSE:AZO), O'Reilly (Nasdaq:ORLY) and Genuine Parts (NYSE:GPC) are considered vulnerable by FBR Capital in 2011.
FBR said, "Auto parts retail has begun to experience underperformance vs. the S&P 500 over the last two trading days. Investors are starting to treat this group as a source of funds. This is consistent with our downgrade of AAP 11/8/10, as well as our 2011 outlook piece published 12/15/10.
"These stocks were a relative safe haven in 2010 and are therefore more vulnerable in 2011. 2010 outperformance vs. the S&P 500 was the following: Advanced Auto +63%, AutoZone +72%, O'Reilly +58% and Genuine Parts lagged but was also up 35% yoy, compared with the S&P 500 of 12.8% and the hardline retail group average of 27%. We believe the easy risk/reward money here has been made for the time being, and investors are likely to be more cautious with their positions in this group at this stage…hence, a source of funds. We expect this stance to continue. GPC looks particularly vulnerable, still trading at north of 16x NTM P/E, in our view. We would use sub sectors, such as home improvement (namely Home Depot (NYSE:HD)) or office supply (namely Office Depot/ODP or United Stationers (Nasdaq:USTR)) as uses of funds."
FBR said, "Auto parts retail has begun to experience underperformance vs. the S&P 500 over the last two trading days. Investors are starting to treat this group as a source of funds. This is consistent with our downgrade of AAP 11/8/10, as well as our 2011 outlook piece published 12/15/10.
"These stocks were a relative safe haven in 2010 and are therefore more vulnerable in 2011. 2010 outperformance vs. the S&P 500 was the following: Advanced Auto +63%, AutoZone +72%, O'Reilly +58% and Genuine Parts lagged but was also up 35% yoy, compared with the S&P 500 of 12.8% and the hardline retail group average of 27%. We believe the easy risk/reward money here has been made for the time being, and investors are likely to be more cautious with their positions in this group at this stage…hence, a source of funds. We expect this stance to continue. GPC looks particularly vulnerable, still trading at north of 16x NTM P/E, in our view. We would use sub sectors, such as home improvement (namely Home Depot (NYSE:HD)) or office supply (namely Office Depot/ODP or United Stationers (Nasdaq:USTR)) as uses of funds."
Wednesday, December 15, 2010
Home Depot (NYSE:HD), Lowe’s (NYSE:LOW), AutoZone (NYSE:AZO), O’Reilly (Nasdaq:ORLY), Genuine Parts (NYSE:GPC), Top Hardline Retail Picks of FBR
As part of its consumer outlook for 2011, FBR Capital gave its favorite picks for hardline retail, which included Home Depot (NYSE:HD), Lowe’s (NYSE:LOW), AutoZone (NYSE:AZO), O’Reilly (Nasdaq:ORLY) and Genuine Parts (NYSE:GPC).
FBR said, "Hardline retail outlook. Within our hardline retail coverage, certain of this past year’s laggards are set up relatively well to be 2011 outperformers, in our view. This is mainly the case for the home improvement companies: Home Depot (Outperform) and Lowe’s (Market Perform). This is due to near-trough levels of sales and earnings and stabilizing sales trends...We expect the outperformers of this past year, namely aftermarket automotive, to be significant laggards in 2011, and some investors may see this group in general as setting up as a source of funds. These stocks have been defensive safe havens in 2010. Our automotive coverage includes Advance Auto Parts (Market Perform), AutoZone (Market Perform), O’Reilly Automotive (Market Perform), and Genuine Parts Company (Underperform)."
Home Depot closed Wednesday at $34.79, up $0.07, or 0.20 percent. Lowe's closed at $25.16, up $0.05, or 0.20 percent. AutoZone closed down at $262.55, dropping $0.11, or 0.04 percent. O’Reilly ended at $62.01, up $0.20, or 0.32 percent. Genuine Parts closed at $50.80, up $0.05, or 0.10 percent.
FBR said, "Hardline retail outlook. Within our hardline retail coverage, certain of this past year’s laggards are set up relatively well to be 2011 outperformers, in our view. This is mainly the case for the home improvement companies: Home Depot (Outperform) and Lowe’s (Market Perform). This is due to near-trough levels of sales and earnings and stabilizing sales trends...We expect the outperformers of this past year, namely aftermarket automotive, to be significant laggards in 2011, and some investors may see this group in general as setting up as a source of funds. These stocks have been defensive safe havens in 2010. Our automotive coverage includes Advance Auto Parts (Market Perform), AutoZone (Market Perform), O’Reilly Automotive (Market Perform), and Genuine Parts Company (Underperform)."
Home Depot closed Wednesday at $34.79, up $0.07, or 0.20 percent. Lowe's closed at $25.16, up $0.05, or 0.20 percent. AutoZone closed down at $262.55, dropping $0.11, or 0.04 percent. O’Reilly ended at $62.01, up $0.20, or 0.32 percent. Genuine Parts closed at $50.80, up $0.05, or 0.10 percent.
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