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Time for Some Consolidation! TSLA, GOOG, SODA, DDD, SSYS, MA, GS, AIG, PCLN, ESI, APOL, COCO, DV

Wed, 15 May 2013 03:21:54 -0400

Stocks popped for a new leg up today, pushing SPX to close above 1650! Financials led the rally: GS +3.27%; MA +2.49%; AIG +3.23%. Recent high flyers include TSLA, which went from $55-and-change to today’s high of $97.12 in just 4 trading sessions! GOOG has also been ramping up non-stop, almost hitting $890 today. 3D-printing [...]

Hot Option Plays: Equities Close Modestly Higher After Hours

Tue, 30 Apr 2013 17:17:53 -0400

Cusicl’s Corner 04-30-3013 After Hours It’s been a relatively quiet day across global financial markets Tuesday. The economy was in focus early after Chicago PMI, a gauge of regional manufacturing activity, fell to 49.0 in April, from 59.7 and below expectations of 52.0. Stock market averages slipped on the number, but then ticked higher after [...]

Pfizer, NYSE among Tuesday’s stocks to watch

Tue, 30 Apr 2013 05:30:59 -0400

Pfizer, McGraw-Hill and NYSE Euronext are among the high-profile companies due to report earnings Tuesday.

Getting Schooled By Career Education Corp

Wed, 06 Mar 2013 06:01:00 -0500

The for-profit education sector has been hit hard by the market, and for good reason. This industry utilized dishonest marketing practices and drove its enormous growth using massive amounts of federal funding that was rubber stamped by public servant...

Bear of the Day: Corinthian Colleges (COCO) – Bear of the Day

Thu, 07 Feb 2013 04:50:01 -0500

Bear of the Day: Corinthian Colleges (COCO) - Bear of the Day

Top Analyst Upgrades and Downgrades (ABBV, AKAM, BBRY, COCO, DV, GOOG, HLF, JNJ, JCP, MCP, NOK, PFE, SLW, SYK, TE, VCLK, V)

Thu, 07 Feb 2013 03:20:00 -0500

DailyFinance.com: These are some of this Thursday's top analyst upgrades, downgrades and initiations seen from Wall St. research calls. AbbVie Inc. (NYSE: ABBV) started as Neutral at Credit Suisse. Akamai Technologies Inc. (NASDAQ: AKAM) cut to Hold at Jefferies and ... Read more

Weak Enrollments Hurt ITT’s 4Q – Analyst Blog

Fri, 25 Jan 2013 09:40:01 -0500

ITT Educational Services's fourth quarter adjusted earnings $1.83 per share came short of both the Zacks Consensus Estimate and the year-ago earnings per share

Most Popular Stock Among Biggest Hedge Funds in 3Q? Go Figure

Tue, 30 Oct 2012 11:30:05 -0400

Stocks to watch Monday: Coventry, Zagg, ATP

Mon, 20 Aug 2012 06:52:05 -0400

MarketWatch’s rundown of corporate headlines of interest to investors early Monday.

Stocks to Watch Monday: Lowe’s, Ion Geophysical

Fri, 17 Aug 2012 16:49:57 -0400

Lowe’s Cos., Corinthian Colleges Inc. and Ion Geophysical Corp. are among the stocks that are expected to see active trading on Monday.

The YC-Backed Coco Controller Will Turn Your iPhone Into A Gaming Powerhouse

Tue, 14 Aug 2012 16:33:27 -0400

Roll over, Sony, and tell Nintendo the news. The Coco Controller is a Kickstarter project that adds directional controls and game buttons to almost any phone, including the Galaxy SIII, iPhone, and most standard Android handsets. Created by Harvard drop-outs Connor Zwick and Colton Gyulay, the project aims to be a usable, useful addition to the mobile gamer's arsenal. The guys are YC-backed and they've opened a $150,000 convertible note. The Kickstarter project, however, is looking for $175,000 to build and distribute the controllers. They've raised $12,000 so far. A black or white Coco will cost $42 while a color Coco will cost $50.

Hot Option Plays: Volatility Pulls Back?

Thu, 02 Aug 2012 19:04:04 -0400

Cusick’s Corner 08-02-2012 The bid did attempt a push after the strong selling this morning but never really got enough momentum other than keeping the market off the lows. One reason for today’s movement may be the Jobs report in the morning and another may be due to the current lack of global government intervention. [...]

Stocks to Watch Tuesday: DeVry, Sanmina, DuPont

Mon, 23 Jul 2012 17:35:04 -0400

DeVry Inc., Sanmina-SCI Corp., Lockheed Martin Corp. and DuPont are among the stocks that could see active trading on Tuesday.

Zacks Investment Ideas feature highlights: Corinthian Colleges, Artic Cat and Halcon Resources – Press Releases

Mon, 12 Mar 2012 09:30:01 -0400

Zacks Investment Ideas feature highlights: Corinthian Colleges, Artic Cat and Halcon Resources

Earnings Scorecard: Strayer – Analyst Blog

Wed, 22 Feb 2012 14:45:01 -0500

Clearly, a negative sentiment is palpable among most of the analysts, who remain pessimistic on Strayer Education's performance.

Strayer Tops, Enrollment Falls

Fri, 17 Feb 2012 09:59:33 -0500

Strayer Education, Inc. (NASDAQ:STRA), a for-profit education company, recently posted fourth-quarter 2011 results. The quarterly earnings of $2.30 per share topped the Zacks Consensus Estimate of $2.26, but plunged 16% from $2.73 in the year-ago quarter. Management had earlier forecasted fourth quarter earnings between $2.24 and $2.26 per share. Total revenue for the quarter dropped [...]

Strayer Tops, Enrollment Falls – Analyst Blog

Fri, 17 Feb 2012 09:00:01 -0500

Total revenue for the quarter dropped 9% from the prior-year quarter to $155.8 million, attributable to fall in enrollment.

Hot Option Plays: Could This Close Be Healthy?

Wed, 15 Feb 2012 18:19:35 -0500

Cusick’s Corner 02-15-2012 I have been talking more and more about correlated assets and how some highly correlated assets are starting to diverge. I have been watching the Japanese markets running to the upside and I looked at the bond yields, specifically the 10 yr, and they have been moving together until now. If the [...]

Earnings Scorecard: UTI

Wed, 08 Feb 2012 18:25:27 -0500

Macro-economic headwinds, regulatory issues and lower students’ enrollment continue to weigh upon Universal Technical Institute Inc. (NYSE:UTI) that went on to post lower-than-expected first-quarter 2012 results. Street analysts have had time to ponder over the company’s scores. In the paragraphs that follow, we cover the recent earnings announcement, subsequent estimate revisions by analysts as well [...]

Earnings Scorecard: UTI – Analyst Blog

Wed, 08 Feb 2012 18:05:01 -0500

Analysts were also not impressed with Universal Technical's cautious stance about its performance in fiscal 2012.

Lower Enrollment Weighs On UTI

Fri, 03 Feb 2012 10:05:41 -0500

Macro-economic headwinds, regulatory issues and lower students’ enrollment continue to weigh upon Universal Technical Institute Inc. (NYSE:UTI) that went on to post lower-than-expected first-quarter 2012 results. The quarterly earnings of 16 cents a share was way below the Zacks Consensus Estimate of 27 cents, and dropped significantly from 42 cents earned in the prior-year quarter. [...]

Lower Enrollment Weighs on UTI – Analyst Blog

Fri, 03 Feb 2012 09:45:01 -0500

Macro-economic headwinds, regulatory issues and lower students' enrollment continue to weigh upon Universal Technical results.

Earnings Preview: UTI

Wed, 01 Feb 2012 18:40:12 -0500

Universal Technical Institute Inc. (NYSE:UTI), which provides professional automotive, diesel, collision repair, motorcycle and marine programs, is slated to report its first-quarter 2012 financial results after the bell on Thursday, February 2. The current Zacks Consensus Estimate for the quarter is 27 cents a share. The Zacks Consensus estimates revenue at $105 million. Recap of [...]

Hot Option Plays: Crude Slumps

Wed, 01 Feb 2012 18:24:59 -0500

Cusick’s Corner The market held up into the close, with the S&Ps finishing off the highs and below the resistance level that I wrote about last week, 1325. The Crude market, USO, finished below $97.50 which was a level that could possibly put more pressure on the Crude longs, could potentially see $92, especially if [...]

Earnings Preview: UTI – Analyst Blog

Wed, 01 Feb 2012 18:14:01 -0500

The current Zacks Consensus Estimate for the quarter is 27 cents a share.

Corinthian Colleges Call Options In Demand After Earnings Beat

Wed, 01 Feb 2012 13:54:51 -0500

Today’s tickers: COCO, IPXL & BEN

COCO - Corinthian Colleges, Inc. – Shares in the for-profit provider of post-secondary, career-oriented education programs increased as much as 44.2% to an intraday high of $4.37 at the start of the session after the Company’s full-year 2012 earnings forecast of $0.30 a share beat average analyst expectations of $0.24 a share. The stock is off earlier post-earnings report highs, but continues to trade up 30.0% on the day at $3.93 as of 12:30 p.m. in New York. Options traders positioning for shares in Corinthian Colleges to extend gains in the near term purchased more than 2,800 calls at the Feb. $4.0 strike for an average premium of $0.27 apiece. Investors long the calls may profit at February expiration in the event that COCO’s shares rally 8.7% over the current price of $3.93 to exceed the average breakeven point at $4.27. Bullish call buying spread to the Mar. $4.0 strike, where around 375 contracts were purchased for an average premium of $0.38 each.

IPXL - Impax Laboratories, Inc. – The specialty pharmaceutical company popped up on our ‘hot by options volume’ market scanner this morning after one strategist took a large stake in front-month calls. Shares in Impax Laboratories surged 10.85% to $20.93 today on news Impax Pharmaceuticals, the branded drugs unit of Hayward, California-based Impax Laboratories, Inc., licensed exclusive U.S. commercial rights to Zomig® from AstraZeneca. Zomig is a drug used to treat acute migraine headaches with or without aura. The options trader responsible for the single largest transaction in IPXL options today appears to have purchased 2,000 calls at the Feb. $20 strike for an average premium of $0.80 per contract. The size of the position is noteworthy relative to overall open interest of…

COCO surges 30% after reporting stronger-than-expected earnings

Wed, 01 Feb 2012 12:30:00 -0500

Option activity is heavy on Corinthian Colleges, Inc. (COCO - 3.94) in today's session, after the for-profit educator followed a number of notables into the earnings booth this morning...(Read More)

Corinthian Colleges (COCO) Jumps 29% on Strong Earnings, Sees Heavy Call Volume

Wed, 01 Feb 2012 10:37:24 -0500

Corinthian Colleges (COCO) leads the list of top gainers so far today and is now at $3.91, up $0.88 (29.04%) on volume of 4,006,734 shares traded. Over the last 52 weeks the stock has ranged from a low of $1.24 in October to a...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)

UTI Plans New Share Buyback

Wed, 21 Dec 2011 17:20:50 -0500

Universal Technical Institute Inc. (NYSE:UTI) recently announced a new $25 million share buyback program, replacing the existing share repurchase authorization that had $23.7 million remaining at its disposal. Management hinted that the company will make controlled purchases of shares through the open market. It also made clear that factors like price, corporate and regulatory issues [...]

Universal Tech Upped To Neutral

Tue, 13 Dec 2011 18:05:22 -0500

We recently upgraded our recommendation on Universal Technical Institute Inc. (NYSE:UTI) to Neutral with a price target of $13.00 following the initiatives taken by the company to offset the softness seen in student enrollments. Earlier, we had an Underperform rating on the stock. Universal Technical also stated that the rate of fall in new student [...]

Universal Tech Upped to Neutral – Analyst Blog

Tue, 13 Dec 2011 17:55:01 -0500

We recently upgraded our recommendation on Universal Technical to Neutral with a price target of $13.00.

Exploiting December tax-loss selling

Thu, 01 Dec 2011 00:01:36 -0500

Unlike other kinds of selling, tax-loss selling has nothing to do with the underlying merits of the stocks involved. The artificially depressed prices to which tax-loss selling leads therefore often create very attractive trading possibilities as year-end approaches.

(UTI) Universal Technical Institute Misses on Bottom Line

Wed, 30 Nov 2011 15:08:20 -0500

Universal Technical Institute Inc. (UTI) recently posted lower-than-expected fourth-quarter 2011...

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UTI Misses On Bottom Line

Wed, 30 Nov 2011 14:30:11 -0500

Universal Technical Institute Inc. (NYSE:UTI) recently posted lower-than-expected fourth-quarter 2011 results. The quarterly earnings of 24 cents a share missed the Zacks Consensus Estimate of 28 cents, and dropped 17.2% from 29 cents earned in the prior-year quarter due to fall in students’ enrollment. Behind the Headline Net revenue for the quarter declined 6.6% to [...]

UTI Misses on Bottom Line – Analyst Blog

Wed, 30 Nov 2011 14:15:01 -0500

The quarterly earnings of 24 cents a share missed the Zacks Consensus Estimate of 28 cents.

(UTI) Universal Technical Institute Earnings Preview

Mon, 28 Nov 2011 11:12:01 -0500

Universal Technical Institute Inc. (UTI), which provides professional automotive, diesel, collision...

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Earnings Preview: UTI

Fri, 25 Nov 2011 17:05:12 -0500

Universal Technical Institute Inc. (NYSE:UTI), which provides professional automotive, diesel, collision repair, motorcycle and marine programs, is slated to report its fourth-quarter 2011 financial results after the bell on Tuesday, November 29. The current Zacks Consensus Estimate for the quarter is 28 cents a share. The Zacks Consensus estimates revenue at $111 million. Third-Quarter 2011, [...]

Earnings Preview: UTI – Analyst Blog

Fri, 25 Nov 2011 16:58:01 -0500

The current Zacks Consensus Estimate for the quarter is 28 cents a share.

Corinthian Colleges (COCO) Up 0.4% With 3x Normal Call Volumes

Fri, 25 Nov 2011 10:58:45 -0500

Corinthian Colleges (NASDAQ: COCO) opened at $2.35. So far today, the stock has hit a low of $2.27 and a high of $2.40. COCO is now trading at $2.37, up $0.01 ...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)

Five Education Stocks that Destroyed Your Career

Fri, 25 Nov 2011 10:57:00 -0500

Needless to say, it has been a disgusting year for for-profit education. Here are five for-profit education stocks that may have destroyed your career by annihilating your life savings this year: CECO, COCO, STRA, LOPE, and DV.After reaching record h...

Hot Option Plays: Scalpers Delight

Tue, 22 Nov 2011 14:41:38 -0500

Cusick’s Corner First, I want to apologize for the sporadic times that the newsletter has been going out, I have been on a crazy schedule and I will work on it. As far as the market is concerned, not much has changed from the midday. The bid did hold, 1185 on the S&Ps, but with [...]

Bearish Player Binges On Perfect World Co. Put Options

Mon, 21 Nov 2011 14:00:00 -0500

Today’s tickers: PWRD, NIHD & COCO

PWRD - Perfect World Co., Ltd. – The online game developer popped up on our scanners this morning following a burst of bearish activity in March 2012 contract call and put options. It looks like much of the trading was initiated by one investor positioning for the price of the underlying to pull back further in the next four months to expiration. Shares in Perfect World Co. fell 6.8% to $11.59 by 12:25 PM in New York trade. The company is slated to report third-quarter earnings after the final bell this evening. It appears the options player purchased around 300 puts at the Mar. 2012 $11 strike, the nearest to-the-money strike put available, for an average premium of $1.92 apiece. Similar bearish activity was seen at the Mar. 2012 $10, $9.0, $8.0 and $7.0 strike prices. The investor purchased at least 290 and as many as 430 puts at each of the lower strikes for premiums ranging from $1.35 down at $0.52 a-pop. The investor starts making money on the Mar. 2012 $11 strike put position in the event that shares in Perfect World decline another 21.7% to breach the effective breakeven point on the downside at $9.08 by expiration day next year. Meanwhile, light call selling at the Mar. 2012 $12, $13, $14 and $15 strikes suggests the investor doubts shares in the name will rally above the current price level by expiration next year.

NIHD - NII Holdings, Inc. – Wireless communications company, NII Holdings, attracted heavier-than-usual activity in its options this morning. It appears one investor is taking a bearish stance on the stock, prepping for…

Long-Term Call Buyers Converge on Corinthian Colleges

Mon, 21 Nov 2011 12:59:00 -0500

Education issue Corinthian Colleges, Inc. (COCO - 2.55) has retreated in step with the broader equities market today, steepening its year-to-date slide of more than 49%...(Read More)

How Steelcase is designing now for the future of work

Sat, 12 Nov 2011 15:00:02 -0500

The iconic office design company sees a trend away from personal space and toward shared space. Don Ball talked to Steelcase about the changing state of the “office” and how it is designing spaces that allow people to be “on” — not “at” — work.

(STRA) Strayer Education Beats The Street – Enrollment Falls

Sun, 06 Nov 2011 15:47:05 -0500

Strayer Education, Inc. (STRA), a for-profit education company, recently posted third-quarter 2011...

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Strayer Tops, Enrollment Falls

Fri, 04 Nov 2011 16:50:11 -0400

Strayer Education, Inc. (NASDAQ:STRA), a for-profit education company, recently posted third-quarter 2011 results. The quarterly earnings of $1.20 per share beat the Zacks Consensus Estimate of $1.06 but plunged 30% from $1.72 in the year-ago quarter. Total revenue for the quarter dropped 8% to $135.9 million from the prior-year quarter, attributable to a fall in [...]

Financial Breakfast: Morning News Summary for November 2, 2011

Wed, 02 Nov 2011 07:49:35 -0400

Wednesday, November 2, 2011This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.Benzinga's Top NewsEFSF confirmed postponement of bond issue due to market conditi...

Stocks Picks for Wednesday, Nov 2

Tue, 01 Nov 2011 17:40:00 -0400

Resistance 10-05-2011

Wed, 05 Oct 2011 19:02:12 -0400

Cusick's Corner Resistance -- there's been an impressive bounce but there is a ton of upside resistance at the 1141 level on the S&Ps, and I want to see this level broken before I position to the upside with any conviction. I would call t...

Hot Option Plays: Resistance

Wed, 05 Oct 2011 18:36:34 -0400

Cusick’s Corner Resistance — there’s been an impressive bounce but there is a ton of upside resistance at the 1141 level on the S&Ps, and I want to see this level broken before I position to the upside with any conviction. I would call this prudence or respect. I did like the ADP report, but [...]