Month: April 2012

4-27-12-Merck (NYSE:MRK) reported Q1 EPS of $0.99, topping estimates by a penny.Revenues in the quarter came in at $11.73 billion, short of estimates of $11.83 billion.Merck says current forex rate may hurt sales by 2%-3%.Merck still sees 2012 EPS $3.75-$3.85, vs. estimates of $3.81.SmarTrend currently has Merck in a Downtrend. Since 2008, SmarTrend subscribers trading Merck using our alerts outperformed the stock by 67%. We are monitoring these developments and will alert subscribers to any change in trend.

4-27-12-VF Corp (NYSE:VFC) reported Q1 EPS of $1.94, vs. estimates of $1.88.Revenues in the quarter came in at $2.56 billion, vs. estimates of $2.45 billion.The company reported Q1 gross margins of 45.7%, vs. estimates of 46.3%.VF Corp. raised its FY 2012 EPS forecast to $9.45 from $9.30 given on February 16th, vs. estimates of $9.42. The company still expects Timberland to account for $1.10 adjusted EPS in FY 2012.SmarTrend is bullish on shares of VF Corp and our subscribers were alerted to buy on January 06, 2012 at $134.43. The stock has risen 14.6% since the alert was issued.

4-27-12-Wells Fargo (NYSE:WFC) looks to have entered into the prime brokerage business with its acquisition of Merlin Securities for an undisclosed price.Merlin has approximately 500 hedge funds, family office and investment adviser clients and approximately 100 employees.SmarTrend currently has Wells Fargo in a Downtrend and is currently monitoring these developments and will alert subscribers to any change of trend.

4-27-12-Newmont Mining (NYSE:NEM) reported Q1 adjusted EPS of $1.15, beating estimates by $0.02.Revenues in the quarter came in at $2.68 billion, missing estimates of $2.70 billion.The company reported Q1 gold production of 1.3 million ounces, down 2% year-over-year.Meanwhile, Newmont said its Q1 copper production fell 35% year-over-year to 35 million lbs.Newmont reiterated its 2012 views for gold, copper production as well as Capex.SmarTrend alerted subscribers to take profits in Newmont Mining on February 29, 2012 at $60.73, since then the stock fell 21.4%. We are now watching for any positive developments that could result in a new uptrend signal.

MetroPCS Communications (NYSE:PCS) was downgraded from Buy to Hold at Argus Research today. The stock closed yesterday at $7.08 on volume of 21.1 million shares, above average daily volume of 4.0 million.In the past 52 weeks, shares of MetroPCS Communications have traded between a low of $6.79 and a high of $18.79 and closed yesterday at $7.08, which is 4% above that low price. The 200-day and 50-day moving averages have moved 1.92% lower and 1.76% lower over the past week, respectively.Potential upside of 71.8% exists for MetroPCS Communications, based on a current level of $7.08 and analysts’ average consensus price target of $12.17. MetroPCS Communications shares should first meet resistance at the 50-day moving average (MA) of $9.50 and find additional resistance at the 200-day MA of $9.74.

4-27-12-KKR & Co. (NYSE:KKR) reported Q1 ENI of $0.99, beating estimates of $0.72.KKR reported Q1 fee-related earnings of $73.4 million, vs. $116.6 million quarter-over-quarter, $126.2 million year-over-year.Assets under management were $62.3 billion, up 5.6% from $59.0 billion quarter-over-quarter. Fee-paying AUM were $47.2 billion, up 1.7% quarter-over-quarter.SmarTrend currently has KKR & Co in a Downtrend and is currently monitoring these developments and will alert subscribers to any change of trend.

4-26-12-Coca-Cola Enterprises (NYSE:CCE) reported Q1 EPS of $0.36, topping estimates of $0.33.Revenues in the quarter came in at $1.87 billion, just above estimates of $1.84 billion.The company said Q1 volume was down 0.5% vs. up 3% Q/Q. Meanwhile, net pricing per case rose 5% vs. 2.5% Q/Q.The company reaffirmed its 2012 outlook, seeing EPS up about 10% vs. estimates of up 5% to $2.28.The company sees high-single digit revenue growth vs. estimates of up 2% to $8.48 billion.SmarTrend is bullish on shares of Coca-Cola Enterprises and our subscribers were alerted to buy on December 05, 2011 at $26.25. The stock has risen 11% since the alert was issued.

4-26-12-Goodrich (NYSE:GR) reported Q1 EPS of $1.56, missing estimates of $1.65.Revenues in the quarter rose 13.6% YoY to $2.15 billion, inline with estimates.The company said it expects its merger with UTX to close in mid-2012.In March, the European Commission extended its deadline to rule on the UTX bid to buy GR until August 9th.SmarTrend is bullish on shares of Goodrich and our subscribers were alerted to buy on August 31, 2011 at $89.11. The stock has risen 40.6% since the alert was issued.

4-26-12-UPS (NYSE:UPS) reported Q1 EPS of $1.00, missing estimates by $0.02.Revenues in the quarter rose 4.4% to $13.14 billion, inline with estimates.UPS reaffirms its FY 2012 EPS forecast of $4.75-$5.00 in Feb., vs. estimates of $4.89.SmarTrend is bullish on shares of United Parcel Service and our subscribers were alerted to buy on November 30, 2011 at $70.88. The stock has risen 12.4% since the alert was issued.

4-26-12-Mead Johnson Nutrition (NYSE:MJN) reported Q1 EPS of $0.82, topping estimates by $0.04.Revenues in the quarter rose 10% to $986 million, beating estimates by $9 million.Mead Johnson sees 2012 EPS $3.04-$3.14, vs. its prior guidance of $3.00-$3.10 given in late January, while estimates are for EPS of $3.12.The company added that it expects to recover U.S. market share moving through the second half.SmarTrend is bullish on shares of Mead Johnson Nutrition and our subscribers were alerted to buy on February 17, 2012 at $76.00. The stock has risen 9.3% since the alert was issued.