Market Summary

 

Earning Reports

Total Companies: (63) Stock Center View

Symbol Price EPS
Est.
Reporting
Time
ITT 0.59 07:00 am ET
SHEN 0.40 07:00 am ET
WETF 0.17 07:00 am ET
PSX 1.81 08:00 am ET
XOM 1.11 08:00 am ET
REDF N/A 08:30 am ET
PSXP 0.44 08:45 am ET
STMP 0.71 4:30 pm ET
ANH 0.13 After Mkt
EXL 0.24 After Mkt
IKAN -0.64 After Mkt
JMI N/A After Mkt
SJW N/A After Mkt
ABR 0.23 Before Mkt
AEE 0.61 Before Mkt
AON 1.29 Before Mkt
AXL 0.71 Before Mkt
BERY 0.52 Before Mkt
BPL 0.83 Before Mkt
CBOE 0.50 Before Mkt
CCG 0.17 Before Mkt
CMCO 0.38 Before Mkt
CVX 1.16 Before Mkt
DSX -0.19 Before Mkt
HPY 0.70 Before Mkt
IMGN -0.35 Before Mkt
IMS 0.31 Before Mkt
JASN 0.07 Before Mkt
KCG N/A Before Mkt
LM 0.83 Before Mkt
LPNT 0.99 Before Mkt
MGI 0.15 Before Mkt
MOD 0.26 Before Mkt
NJR 0.05 Before Mkt
NWL 0.62 Before Mkt
OMG 0.23 Before Mkt
PEG 0.54 Before Mkt
PFS 0.33 Before Mkt
PNM 0.41 Before Mkt
RCL 0.73 Before Mkt
RLGY 0.69 Before Mkt
RUTH 0.19 Before Mkt
SMLR -0.25 Before Mkt
STX 0.64 Before Mkt
SWC 0.10 Before Mkt
TDS 0.02 Before Mkt
TNP 0.42 Before Mkt
TYC 0.56 Before Mkt
USM 0.05 Before Mkt
WMC N/A Before Mkt
WY N/A Before Mkt
ACG N/A Unknown
HFBC 0.09 Unknown
INFU N/A Unknown
LABC N/A Unknown
NLNK -0.70 Unknown
OPHC N/A Unknown
PBIP N/A Unknown
PLX -0.08 Unknown
PNRG N/A Unknown
RGCO N/A Unknown
SLI N/A Unknown
WMK N/A Unknown

Today's Earnings Stocks Highlights

Symbol Name Last Change Volume EPS
Est.
Reporting
Time
Market
Cap
← American Airlines Got Grounded Extreme Return Naked Put Options →

Shutterfly - Trying to Fly with Broken Wings

Posted on 2011-12-08 by Daniel Ho

Broken WingsWhen we wrote the last article on Shutterfly (NASDAQ: SFLY), its stock just got whacked by news that Apple (NASDAQ: AAPL) unrolled its Cards app for iPhone 4S, which allows users to take pictures and then send out physical picture cards to their families and friends. The stock recovered mightily at the end of that date, showing a great hammer pattern, and then proceeded to rise from $40/share to almost $50/share in the next three weeks. It again illustrated how difficult it is to short stocks, although we did add a little more shorting during that time.

When we first started shorting Shutterfly, we started around the mid-fifies. At that time, the street still had high hopes on SFLY, but a great numbers of insiders were already unloading their shares. Started wIth a slightly disappoint earnings report in July, investors were still hoping that the company would do well going into Christmas season. That's also when the Apple news hit in early October but then the stock rose again. However, once the Q3 earnings was in, investors noticed that they had placed too much hope in the company just because it has the keywords 'technology' and 'retail' in its business. The stock was all downhill from there.

The stock took another big hit on November 30th when it mentioned that its margin was squeezed by other online photo retailers' agressive price cut such as HP's (NYSE: HPQ) Snapfish. Subsequently, the stock is now trading at $27.81/share.

With 2011 coming to a close, we believe that fund managers will put selling pressure on SFLY, as they sell losers and buy winners for year end window dressing. However, the big shorting opportunity for SFLY has passed, and although we may short more SFLY for its technical weakness, we will also keep a tighter stop in case the stock is poised for a rebound.

This article originally appears on benzinga.com

← American Airlines Got Grounded Extreme Return Naked Put Options →

blog comments powered by Disqus
Feedback