Market Summary

 

Earning Reports

Total Companies: (29) Stock Center View

Symbol Price EPS
Est.
Reporting
Time
ADI 0.63 After Mkt
ARUN 0.23 After Mkt
BOBE 0.10 After Mkt
CFI 0.35 After Mkt
DY 0.47 After Mkt
FN 0.35 After Mkt
HEI 0.44 After Mkt
NMBL -0.16 After Mkt
QADB 0.17 After Mkt
SLH 0.80 After Mkt
SWHC 0.25 After Mkt
TIVO 0.07 After Mkt
BBY 0.31 Before Mkt
DAKT 0.19 Before Mkt
DSW 0.32 Before Mkt
GLNG -0.07 Before Mkt
GMLP 0.66 Before Mkt
MOV 0.54 Before Mkt
RGS 0.04 Before Mkt
SAFM 3.82 Before Mkt
TECD 0.77 Before Mkt
ARX 0.30 Unknown
COCO 0.11 Unknown
DHT -0.12 Unknown
DLIA N/A Unknown
DNDN N/A Unknown
DRL N/A Unknown
ESI 0.71 Unknown
GLCH N/A Unknown

Today's Earnings Stocks Highlights

Symbol Name Last Change Volume EPS
Est.
Reporting
Time
Market
Cap
BBY Best Buy Co. 29.80 -2.19 (-6.85%) 28.70M 0.31 Before Mkt 10.39B
GLNG Golar LNG Limited 65.75 1.11 (1.72%) 2.44M -0.07 Before Mkt 5.30B
DSW DSW Inc. 30.99 2.62 (9.24%) 8.49M 0.32 Before Mkt 3.05B
← 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

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