Market Summary

 

Earning Reports

Total Companies: (119) Stock Center View

Symbol Price EPS
Est.
Reporting
Time
ICCC 1.45 07:30 am ET
APA -0.49 08:00 am ET
BIOD -0.08 4:00 pm ET
AEL 0.62 After Mkt
ANDE 0.61 After Mkt
ANH 0.13 After Mkt
AVNW N/A After Mkt
BGC 0.13 After Mkt
BRKR 0.27 After Mkt
CDE -0.17 After Mkt
CGNX 0.17 After Mkt
CLW 0.99 After Mkt
CNO 0.37 After Mkt
CSCO 0.54 After Mkt
CSOD 0.02 After Mkt
CTL 0.65 After Mkt
CUZ 0.21 After Mkt
CXW 0.59 After Mkt
CYS N/A After Mkt
DLR 1.28 After Mkt
EARN N/A After Mkt
EFX 1.11 After Mkt
ENSG 0.36 After Mkt
EXPE 1.00 After Mkt
FLO 0.21 After Mkt
FMC 0.63 After Mkt
FNF 0.52 After Mkt
FORR 0.52 After Mkt
GHDX 0.19 After Mkt
GPRE -0.09 After Mkt
GTIM 0.16 After Mkt
HSIC 0.89 After Mkt
IFF N/A After Mkt
IO 1.15 After Mkt
IRBT -32.63 After Mkt
ISSC 0.56 After Mkt
ITIC N/A After Mkt
KING 1.17 After Mkt
LBTYA 0.39 After Mkt
LGND 0.05 After Mkt
LNCE 0.65 After Mkt
LOJN 0.29 After Mkt
MATR 0.04 After Mkt
MDSO -0.17 After Mkt
MNI 7.21 After Mkt
MRKT -0.09 After Mkt
NAVG 1.27 After Mkt
NCIT 1.41 After Mkt
NEWP 0.21 After Mkt
NXTM 0.60 After Mkt
OC 0.69 After Mkt
OII 0.76 After Mkt
ORBK 0.58 After Mkt
PPC 2.08 After Mkt
PRI 0.40 After Mkt
PRU 0.98 After Mkt
PTSX 2.30 After Mkt
QTWO -0.30 After Mkt
QUIK -0.10 After Mkt
RLGT 0.74 After Mkt
SB 0.06 After Mkt
SCI -0.10 After Mkt
SCTY 0.38 After Mkt
SEE -2.59 After Mkt
TARO 0.20 After Mkt
TCO N/A After Mkt
TNGO 0.93 After Mkt
TSLA 0.03 After Mkt
TTGT 0.08 After Mkt
TWTR 0.12 After Mkt
TWX 0.12 After Mkt
VOYA -0.26 After Mkt
WD -0.71 After Mkt
WIX 0.40 After Mkt
ACCO 0.28 Before Mkt
AFSI 0.67 Before Mkt
AMRI 0.36 Before Mkt
ARMK 0.49 Before Mkt
BERY 0.40 Before Mkt
BGCP 0.19 Before Mkt
CG 0.31 Before Mkt
CRL 0.94 Before Mkt
CRTO 0.40 Before Mkt
CSTE 0.55 Before Mkt
DLHC N/A Before Mkt
DTE 0.99 Before Mkt
EEFT 0.92 Before Mkt
HNI -1.56 Before Mkt
HUM 1.65 Before Mkt
JCOM 1.19 Before Mkt
LOCK 0.33 Before Mkt
LPSN 0.10 Before Mkt
MFA 0.24 Before Mkt
MKL 0.19 Before Mkt
MOSY 0.12 Before Mkt
MYL 0.38 Before Mkt
NNA 0.12 Before Mkt
NRP 0.13 Before Mkt
NSIT 0.11 Before Mkt
O -0.04 Before Mkt
OHI 0.45 Before Mkt
ORLY 0.51 Before Mkt
SKX 0.50 Before Mkt
USAC 1.01 Before Mkt
VNDA 0.16 Before Mkt
VSAR 0.79 Before Mkt
WFM 0.64 Before Mkt
ZNGA -0.17 Before Mkt
BASI N/A Unknown
BLMT N/A Unknown
ESP N/A Unknown
HERO -0.05 Unknown
JAH N/A Unknown
NEWS 0.35 Unknown
PXD N/A Unknown
RBCN -0.08 Unknown
REG -0.30 Unknown
ROIAK 0.03 Unknown
RYN 0.03 Unknown

Most Active Preferred Stocks Highlights

Symbol Name Last Change Volume Premium/
Discount
Est.
Yield
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Clipping The Wings of Shutterfly

Posted on 2011-10-05 by Daniel Ho

ShutterflyBy releasing only an iPhone 4S instead of an iPhone 5, Apple (NASDAQ: AAPL) had greatly disappointed investors, and its stock dropped more than 5% in the next few hours following its announcement. The buy program at the last hour helped saved everyone, including Apple, which only lost less than 1% when the market closed. Lost in the news was the carnage on Shutterfly (NASDAQ: SFLY), an online photo printing company, when Apple announced its Cards app, a built-in iphone app that allows iphone users to send a physical greeting card to someone from the iPhone for $2.99 in the US, and $5.99 internationally. This little piece of news caused Shutterfly to drop almost 20% before rebounding to lose only ~2% for the day.

Shutterfly is one of the most successful online photo printing company, which went public in 2006, and had grown riding the wave of digital photography, the mirror image of Kodak (NYSE: EK) ruined by the same trend. IPO'ed at $15/share, it continued to rise to $35/share in 2007, before it declined to a low of $6.25/share in 2009 at the height of the financial crisis. Since then, like the stock market, it started rising and traded as high as $63.47 in July this year. However, it started to decline from that point, and not long afterwards, it lowered Q3 guidance on Jul 27 and the stocks accelerated its decline. It rebounded in September but could not defy the market's fall, and closed at $40.31 before Apple tried to ruin its stock.

We are not sure how Apple's Cards app will affect Shutterfly, but we know that investors are certainly jumpy on their investments. Online printing, while a growing market, is quite competitive, with many players in it, such as Kodak Gallery, Costco (NASDAQ: COST), Snapfish, etc. Currently trading at a P/E of 75 and a forward P/E of 37, Shutterfly is clearly a growth stock, and it will need all the growth it needs to sustain its stock price. Meanwhile, management has been selling the stocks since it started recovering from the financial crisis.

Although the recent market swoon has taken down many sectors, consumer retail is one that had performed much better than the others. There is high expectation that US consumer spending will keep up, but that can change in a heartbeat if Europe's debt problem cause European banks to lock up, and proceed to spread to the US. With the company reporting earnings at the end of October, we believe another disappointment like last quarter combined with high nervousness of investors will simply devastate the stock. For those who go long on Shutterfly, it'd be much better to hedge downside through options. For those who are adventurous, we believe shorting the stock can potentially deliver handsome return.

Position: Short SFLY

This article originally appears on benzinga.com

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