Today’s Research Reports on Stocks to Watch: Sears and Twitter

NEW YORK, NY / ACCESSWIRE / February 13, 2017 / The markets continued to climb to new highs Friday as investors were encouraged by President Trump’s statement that an announcement regarding a “phenomenal” tax policy was imminent. The S&P 500 Index gained 0.36 percent to close at 2,316.10, up 0.82 for the week marking its third consecutive weekly gain. The Dow Jones Industrial Average gained 0.48 percent to close at 20,269.37, up 0.99 percent for the week, while the Nasdaq rose 0.33 percent to close at 5,734.13, up 1.17 percent for the week.

“Politics is playing a much larger role in the day-to-day and week-to-week market than it ever has before,” Brian Nick, Chief Investment Strategist at TIAA Investments, told the WSJ. “It’s not the euphoria we’ve had since the election, but until we have something happen to throw a wrench in the market in terms of fiscal policy, investors are optimistic about the future.”

Approximately 70 percent of the S&P 500 has reported results so far this earnings season. Fourth quarter share-weighted earnings for the S&P 500 are on pace to grow by 8.4 percent, which would be the largest gain since the third quarter of 2014, according to Thomson Reuters I/B/E/S.

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Closer Look at Today’s Trending Tickers

Sear’s shares spiked 25.63 percent to close at $6.96 a share on Friday. The stock traded between $6.78 and $7.75 on volume of 12.06 million shares traded. On February 10th, the company announced plans to reduce costs by $1 billion and trim its debt and pension obligations by at least $1.5 billion in 2017. Sears Holdings expect total revenues of $6.1 billion for the fourth quarter of 2016 and $22.1 billion for the full-year of 2016. Net loss attributable to Sears Holdings’ shareholders is expected to be between $635 million and $535 million for the fourth quarter of 2016, which will also include impairment charge of range between $350 million to $400 million.

“To build on our positive momentum, today we are initiating a fundamental restructuring of our operations that targets at least $1.0 billion in cost savings on annualized basis, as well as improves our operating performance. To capture these savings, we plan to reduce our corporate overhead, more closely integrate our Sears and Kmart operations and improve our merchandising, supply chain and inventory management,” said Edward S. Lampert, Chairman and Chief Executive Officer, in the company’s press release.

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Twitter’s shares dropped 5.06 percent to close at $15.58 a share on Friday. The stock traded between $15.50 and $16.00 on volume 73.06 million shares traded. The company has received at least 7 downgrades from analysts since reporting fourth quarter results that fell short of expectations. Consensus rating for the company is “Hold”. Revenues totaled $717 million for the fourth quarter of 2016, which fell short of consensus estimates of $740.1 million, according to Thomson Reuters I/B/E/S.

“Twitter has been seeing accelerating DAU and time spent growth. However, the daily audience is likely still only around 150m, offering brand advertisers neither the scale of Facebook or YouTube, or the targeted demographic of Snap. As such, we believe it will be increasingly difficult for the company to retain the engagement of brand advertisers and expand Q2 their spending on the platform,” wrote Atlantic Equities’ analysts James Cordwell.

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Click Here

Today’s Features Includes:

Sears Holdings Corp. (NASDAQ: SHLD)

Twitter Inc. (NYSE: TWTR)

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