Market Summary

 

Earning Reports

Total Companies: (69) Stock Center View

Symbol Price EPS
Est.
Reporting
Time
SSI 1.35 06:00 am ET
ABM 0.34 After Mkt
ACRX -0.30 After Mkt
AMBA 0.49 After Mkt
AMRN -0.13 After Mkt
ASNA 0.08 After Mkt
ATSG N/A After Mkt
AVAV 0.06 After Mkt
BOBE 0.70 After Mkt
BV -0.06 After Mkt
CDI 0.19 After Mkt
CDXS 0.01 After Mkt
CECO -0.30 After Mkt
CPIX N/A After Mkt
CSFL N/A After Mkt
DARA -0.10 After Mkt
EFUT N/A After Mkt
ESGR 7.13 After Mkt
ESPR -0.55 After Mkt
FOLD -0.18 After Mkt
GERN 0.05 After Mkt
HASI 0.25 After Mkt
IRG -0.27 After Mkt
KYTH -0.81 After Mkt
LRE 0.31 After Mkt
MCP -0.33 After Mkt
MIDD 0.99 After Mkt
NPTN -0.05 After Mkt
PDII -0.50 After Mkt
RCPT -1.19 After Mkt
SINA 0.18 After Mkt
SPTN 0.42 After Mkt
SWHC 0.11 After Mkt
SYX 0.18 After Mkt
TECU N/A After Mkt
TIVO 0.04 After Mkt
TNET 0.37 After Mkt
TRIV -0.65 After Mkt
VEEV 0.09 After Mkt
XRM 0.35 After Mkt
ZGNX -0.11 After Mkt
ZLTQ 0.01 After Mkt
ACW -0.07 Before Mkt
AGEN -0.01 Before Mkt
AZO 6.38 Before Mkt
BBEP 0.13 Before Mkt
BBY 1.35 Before Mkt
DKS 1.22 Before Mkt
FSTR 0.65 Before Mkt
INSY 0.44 Before Mkt
JD -0.02 Before Mkt
KATE 0.28 Before Mkt
LDL 0.30 Before Mkt
NAV -1.09 Before Mkt
NX -0.14 Before Mkt
PRGX 0.06 Before Mkt
PRIM 0.49 Before Mkt
REV 0.48 Before Mkt
SBLK -0.05 Before Mkt
TEDU 0.14 Before Mkt
TPH 0.26 Before Mkt
WHF 0.29 Before Mkt
BONA 0.04 Unknown
CTRP -0.29 Unknown
CVGW 0.34 Unknown
PER N/A Unknown
PRGN -0.23 Unknown
TRIB 0.19 Unknown
WB 0.04 Unknown

Highest Discount Preferred Stocks Highlights

Symbol Name Last Change Volume Premium/
Discount
Est.
Yield
NBG-PA National Bank of Greece S.A., $2.25 Non-cumulative Preference Shares, Series A 10.73 0.13 (1.22%) 8,480 -57.08% 20.97%
HOVNP Hovnanian Enterprises, 7.625% Depositary Shares Series A Preferred Stock 14.99 0.01 (0.07%) 4,900 -40.04% Suspended
SPPRO SuperTel Hospitality Inc., 10.0% Series B Cumulative Preferred Stock 16.73 0.00 (0.00%) 0 -33.08% 14.94%
← 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 →

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