Vista Outdoor is suffering a double-digit stock price plunge after the gun and ammo maker reported a slide in sales and profit since the presidential election.
The stock price dropped more than 20% on Thursday after Vista Outdoor (VSTO) reported a 5% drop in quarterly sales.
“Given the magnitude of today’s sell-off of shares of Vista Outdoor, it appears the investment community was quite surprised by management commentary regarding the deteriorating conditions in the overall shooting sports market in recent weeks,” said Rommel Dionisio, gun industry analyst for Wunderlich Securities.
Vista Outdoor of Farmington, Utah, owns dozens of brands including AR-15 maker Savage Arms and the ammo makers CCI, Blazer, Estate Cartridge, American Eagle and Federal Premium Ammunition. The company also owns non-gun brands favored by outdoor enthusiasts, like CamelBak, and various scope companies including Bushnell.
Dionisio said the company reported “elevated inventory levels” from “inflated ordering prior to the presidential election,” fearing that Democrat Hillary Clinton would win and seek tougher gun control laws.
top stock picks: Golfsmith International Holdings Inc.(GOLF)
- [By Jim Robertson]
On Tuesday, our Under the Radar Moversnewsletter suggestedshorting small cap golf equipment stockAcushnet Holdings Corp (NYSE: GOLF):
Acushnet Holdings has been on our watchlist for a while too, but it’s only been in the past few days we’ve seen the cracks start to appear.
top stock picks: Birks Group Inc.(BGI)
- [By Lisa Levin]
Birks Group Inc (NYSE: BGI) was down, falling around 23 percent to $1.89 after the company reported financial results for the twenty-six week period ended September 23, 2017.
- [By Lisa Levin]
Birks Group Inc (NYSE: BGI) was down, falling around 23 percent to $1.90 after the company reported financial results for the twenty-six week period ended September 23, 2017.
top stock picks: International Business Machines Corporation(IBM)
- [By Danny Vena]
H&R Block, Inc. (NYSE:HRB) is hoping to change all that. This year, it’s partnering with IBM’s (NYSE:IBM) Watson to bring the capabilities of artificial intelligence (AI) to tax return preparation. This would seem a natural fit for theJeopardy!-winning supercomputer.
- [By Peter Graham]
A long term performance chart shows Oracle Corporation and SAP SE (NYSE: SAP) giving a similar performance; Microsoft Corporation (NASDAQ: MSFT) and Salesforce.com, inc have performed even better; and International Business Machines Corp (NYSE: IBM) has underperformed:
- [By Paul Ausick]
International Business Machines Corp. (NYSE: IBM) traded down 1.01% at $167.82. The stock’s 52-week range is $116.90 to $169.95. Volume was about 60% below the daily average of around 3.6million shares. The company had no specific news Friday.
- [By Ben Levisohn]
International Business Machines (IBM) led the S&P 500 lower today after beating earnings forecasts but missing on revenue.
IBM dropped, while the S&P 500 declined 0.2% to 2,338.17.
Barclays analysts Mark Moskowitz and Daniel Gaide contend that IBM’s earnings “suggest [a] turnaround might be elusive.” They explain why:
The major Y/Y deterioration in gross margin, and IBMs dependence on discrete items to pad EPS, stand to frustrate investors. We highlighted last week that the stocks rally could come to an end as it is time to show progress on the turnaround. 1Q results did not deliver much progress and could signal that investors might have given IBM too much credit to deliver on its ambitious turnaround built around the cloud and cognitive. We recommend investors stay on the sideline.
International Business Machines’ market capitalization fell to $152.5 billion today from $160.4 billion yesterday.
Barron’s Teresa Rivasrecommends staying away from IBM.
- [By Paul Ausick]
International Business Machines Corp. (NYSE: IBM) traded up 0.56% at $146.68. The stock’s 52-week range is $139.13 to $183.79. Volume was about 30% below the daily average of around 3.9 million shares. The company introduced a new high-performance data science system today.
- [By Dan Caplinger]
Since August 2010, the Dow Jones Industrials (DJINDICES:^DJI) have risen from below 10,000 to within a fraction of a point of 20,000. Doubling in just over six years is an impressive feat, especially given that the Dow also pays a respectable dividend yield of more than 2% on top of its rise. Yet although all 30 stocks that are currently in the Dow have risen over that period, some haven’t done nearly as well as the overall average. In particular, Wal-Mart (NYSE:WMT), IBM (NYSE:IBM), and Caterpillar (NYSE:CAT) have underperformed the Dow since 2010. Let’s look more closely at these stocks and whether they can start pulling more of their weight in 2017 and beyond.
top stock picks: Super Micro Computer, Inc.(SMCI)
- [By Jim Robertson]
On Friday, small cap Super Micro Computer (NASDAQ: SMCI) fell 7.52% after receivingnotification letter from Nasdaq stating that the Company is not in compliance with Nasdaq listing rule 5250(c)(1), which requires timely filing of reports with the SEC. Super Micro Computer isa global leader in high-performance, high-efficiency server technology and innovation, is a premier provider of end-to-end green computing solutions for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and Embedded Systems worldwide. Supermicro’s advanced Server Building Block Solutions庐 offer a vast array of components for building energy-efficient, application-optimized, computing solutions. Architecture innovations include Twin, TwinPro, FatTwin, Ultra Series, MicroCloud, MicroBlade, SuperBlade庐, Simply Double, Double-sided Storage庐, Battery Backup Power (BBP庐) modules and WIO/UIO. Products include servers, blades, GPU systems, workstations, motherboards, chassis, power supplies, storage, networking, server management software and SuperRack庐 cabinets/accessories delivering unrivaled performance and value.