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Time To Buy Gold: Brean's Technical Analysis
Tuesday, December 6, 2016 - 12:17pm | 305The SPDR Gold Trust (ETF) (NYSE: GLD) is down 8.1 percent since Election Day, but some traders are taking the opportunity to buy the dip. Break Capital analyst Frank Longman sees reason to be bullish on gold from a technical analysis perspective. “We like a little zig to the market’...
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Seagate Is 'Ahead Of Schedule'; Brean Raises Target To $50
Wednesday, October 12, 2016 - 8:48am | 367A day after Seagate Technology PLC (NASDAQ: STX) boosted its revenue and gross margin outlook for the September quarter, Brean Capital has lifted its target price on the stock from $42 to $50 with a Buy rating. This implied a more than 40 percent upside potential. Analysts Ananda Baruah and Shenlun...
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Recro Pharma Offers A Non-Opioid Alternative For Pain Management; Brean Assumes With Buy Rating
Monday, October 3, 2016 - 10:34am | 313Brean assumed coverage of Recro Pharma Inc (NASDAQ: REPH) with a Buy rating and $21 price target. The firm noted the company focuses on developing non-opioid treatments for the management of acute pain in hospital and ambulatory care settings. The firm sees IV meloxicam as addressing a market,...
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Alibaba Shares Are Hot This Week; Here's Why
Thursday, September 22, 2016 - 4:22pm | 371Shares of Alibaba Group Holding Ltd (NYSE: BABA) have been on fire recently, up 7 percent in the last two trading sessions. Sentiment surrounding the Chinese e-commerce giant is overwhelmingly bullish, with analysts seeing several opportunities for growth in the future. UBS and Stifel both raised...
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Brean Favors CBS, Time Warner In Large-Cap Media; Says Hold Disney, 21st Century Fox, Viacom
Thursday, July 7, 2016 - 3:03pm | 538Investor fears over the long-term impact of cord-cutting have weighed heavily on large-cap entertainment stocks in recent years. Despite the uncertainty of a changing media world, Brean Capital analyst Alan Gould sees some compelling value for selective investors. “The group is trading at...
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Finish Line Could Recapture Margins In 2H, Says Brean Capital
Monday, June 27, 2016 - 11:12am | 375Brean Capital said Finish Line Inc (NASDAQ: FINL) has significant opportunity to recapture margins in the second half of the year, as the operating margin headwinds begin to subside. "Given our belief that fulfillment metrics including inventory accuracy and out-of-stock rates have normalized (...
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TAL Education Facing Margin Pressure; Brean Steps To The Sidelines
Saturday, May 7, 2016 - 2:04pm | 290Brean Capital has downgraded TAL Education Group (ADR) (NYSE: XRS) to Hold from Buy on greater-than-expected margin pressures. TAL Education reported fourth-quarter non-GAAP operating margin of 14.4 percent, down from 16.4 percent a year ago. Gross margin also declined to 49.3 percent from 52...
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Apple: Here's What Everyone On The Street Is Saying
Wednesday, April 27, 2016 - 2:40pm | 586The market seems unenthused with Apple Inc. (NASDAQ: AAPL)'s quarterly results, as the stock is down more than 6 percent, but what do analysts have to say about the print? With sales guidance coming in below consensus expectations ($41-53 billion vs. $47 billion), gross margin outlook short...
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Relypsa: What You May Have Missed
Friday, April 15, 2016 - 2:25pm | 358Relypsa Inc (NASDAQ: RLYP) shares are down more than 15 percent in Friday’s session less than two weeks after they jumped 67 percent in a single day. If you’ve missed Relypsa’s wild rumor-fueled ride this month, here’s a rundown. Back on April 8, Reuters reported Relypsa...
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6 Reasons Under Armour Is Still A Buy After CES Unveilings
Thursday, January 7, 2016 - 9:12am | 498Shares of Under Armour Inc (NYSE: UA) have appreciated 19.49 percent over the past one year, from a low of $64.65 on January 15, 2015. Brean Capital’s Eric Tracy has maintained a Buy rating on the company, with a price target of $110. Following the presentation and Q&A session...
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What Everyone's Saying About Under Armour's New CFO
Wednesday, December 23, 2015 - 2:32pm | 695Under Armour Inc (NYSE: UA) announced on Tuesday that it had appointed Chip Molloy as its new Chief Financial Officer. Molloy was picked to replace the current CFO, Brad Dickerson, who will leave the company in February. Responding to the news, shares were trading up roughly 2 percent on...
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Risk/Reward On PVH 'Remains Compelling,' According To Brean
Tuesday, November 24, 2015 - 2:11pm | 300In a report issued Tuesday, Bren Capital analyst Eric Tracy reiterated a Buy rating on shares of PVH Corp (NYSE: PVH). The analyst tweaked his estimates for the company and trimmed his price target from $125 to $111, ahead of the third quarter earnings call next week. Tracy noted that the...
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Wall Street's Take On Under Armour Earnings
Friday, October 23, 2015 - 11:07am | 421Shares of Under Armour Inc (NYSE: UA) were down more than 4 percent on Friday following an earnings beat by the company. Under Armour reported Q4 EPS of $0.45 vs. consensus expectations of $0.44 and revenue of $1.204 billion versus consensus estimates of $1.176 billion. Why is the...
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Expect 'Improving Momentum,' In-Line Quarter From NetSuite
Tuesday, October 20, 2015 - 3:39pm | 367NetSuite Inc (NYSE: N) is scheduled to announce its third-quarter financial results on Thursday after the market closes. Ahead of the earnings call, Brean Capital shared a preview of the results and reiterated a Hold rating on the stock. Shares of NetSuite are down more than 1 percent on Tuesday...
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Brean Bullish On ServiceNow Heading Into Q3 Results
Tuesday, October 20, 2015 - 1:44pm | 353ServiceNow Inc (NYSE: NOW) will report its third-quarter financial results on Wednesday after the market closes. On Tuesday, Brean Capital shared a preview of the results and reiterated a Buy rating and $96.00 price target on the stock. Shares of ServiceNow are down roughly 1 percent ahead of the...