Market Summary

 

Earning Reports

Total Companies: (64) Stock Center View

Symbol Price EPS
Est.
Reporting
Time
IIIN 0.13 06:30 am ET
DOV 1.01 07:00 am ET
ACU 0.11 09:00 am ET
ACTG 0.04 4:00 pm ET
AMD 0.00 After Mkt
AMNB 0.44 After Mkt
ASBC 0.25 After Mkt
ATHN 0.17 After Mkt
CBF 0.24 After Mkt
CHKE 0.07 After Mkt
CPHD -0.17 After Mkt
HUBG 0.36 After Mkt
INDB 0.56 After Mkt
ISBC 0.24 After Mkt
SCSS 0.32 After Mkt
WHG N/A After Mkt
ADS 2.72 Before Mkt
AMRB 0.09 Before Mkt
AN 0.73 Before Mkt
BAX 1.09 Before Mkt
BBT 0.70 Before Mkt
BHI 0.78 Before Mkt
BLK 4.14 Before Mkt
BX 0.55 Before Mkt
CMG 2.86 Before Mkt
COL 1.07 Before Mkt
CY 0.07 Before Mkt
DD 1.58 Before Mkt
DHR N/A Before Mkt
FCFS 0.66 Before Mkt
FCS 0.03 Before Mkt
FHN 0.15 Before Mkt
FITB 0.41 Before Mkt
GE 0.32 Before Mkt
GS 3.45 Before Mkt
HLSS 0.53 Before Mkt
HOMB 0.42 Before Mkt
HON 1.26 Before Mkt
KEY 0.24 Before Mkt
KNL 0.13 Before Mkt
MAT 0.09 Before Mkt
MS 0.60 Before Mkt
NPBC 0.17 Before Mkt
ORB 0.25 Before Mkt
PEP 0.75 Before Mkt
PM 1.16 Before Mkt
POOL 0.10 Before Mkt
PVTB 0.41 Before Mkt
RBCAA 0.67 Before Mkt
SASR 0.39 Before Mkt
SFNC 0.46 Before Mkt
SHW 1.11 Before Mkt
SLB 1.20 Before Mkt
SNA 1.54 Before Mkt
SON 0.51 Before Mkt
SYNT 1.25 Before Mkt
TZOO 0.36 Before Mkt
UNH 1.09 Before Mkt
UNP 2.37 Before Mkt
WBS 0.49 Before Mkt
WSO 0.47 Before Mkt
BLT 0.09 Unknown
NJR 2.72 Unknown
UBFO N/A Unknown

Highest Yield Preferred Stocks Highlights

Symbol Name Last Change Volume Premium/
Discount
Est.
Yield
SLM-PB SLM Corp., Floating Rate Non-Cumulative Preferred Stock, Series B 0.00 N/A N/A N/A ∞%
SPPRO SuperTel Hospitality Inc., 10.0% Series B Cumulative Preferred Stock 14.94 1.24 (9.05%) 1,990 -40.24% 16.73%
SPPRP SuperTel Hospitality Inc., 8% Series A Convertible Preferred Stock 4.79 0.14 (3.01%) 6,304 0.77% 16.70%
← 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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