Welcome!

News Feed Item

The Zacks Analyst Blog Highlights: Alcoa, Nordstrom, Target, Bed Bath & Beyond and Best Buy

CHICAGO, Jan. 10, 2014 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Alcoa (NYSE:AA-Free Report), Nordstrom Inc. (NYSE:JWN-Free Report), Target Corp. (NYSE:TGT-Free Report), Bed Bath & Beyond Inc. (Nasdaq:BBBY-Free Report) and Best Buy Co., Inc. (NYSE:BBY-Free Report).

(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Thursday's Analyst Blog:

Alcoa Misses Q4 on Smelting Ops

Long-time industrial bellwether Alcoa (NYSE:AA-Free Report) reported earnings after the bell Thursday lower than expectations, though revenues came in stronger than expected. Alcoa reported an actual $0.04 earnings per share on revenues of $5.6 billion in its 4th quarter, higher than the $5213 million expected by the Zacks Consensus Estimate, but two cents lower on the bottom line, a 33% negative surprise in EPS.

The company tied $1.7 billion in costs related to legacy smelting operations, and realized aluminum prices fell 7% year over year (which has been a constant bugaboo for Alcoa and other aluminum companies for the past several quarters). Further, just today Alcoa announced it has reached a settlement with the SEC and DOJ regarding bribery charges to Bahraini officials. Though these numbers do not show up in AA's fiscal 2013 report, the company has agreed to pay five installments of $161 million over the next four years.

That said, free cash flow is positive at $498 million, with $1.4 billion in cash on hand. Improved liquidity was one of Alcoa's goals for the quarter.

So while aluminum prices seem to remain a sticking point for Alcoa and others, the global economic recovery looks to be underway, which should be a long-term positive for Alcoa. It would also make today's agreed-upon settlement charges go down easier to know that overall revenues will pick up once global demand for aluminum products increases.

Nordstrom Expands Store Network

In keeping with its store expansion strategy, Nordstrom Inc. (NYSE:JWN-Free Report) plans to open a new Nordstrom rack store each in Queens, New York and Brandon, Florida.

The 39,000 square-feet store in New York, which is slated to open doors by the fall of 2014, will mark the company's first store in Queens. The project will be taken care of by Onex Real Estate Partners. This two-floor outlet will be a part of the dynamic 700,000 square-feet shopping mall, The Shops at SkyView Center.

This mall situated centrally in Queens, across Long Island Rail Road, harbors many other retailers including Target Corp. (NYSE:TGT-Free Report), Bed Bath & Beyond Inc. (Nasdaq:BBBY-Free Report), Best Buy Co., Inc. (NYSE:BBY-Free Report), Old Navy and few more. In spring 2014, the company plans to open its first Nordstrom rack store in Brooklyn, on Fulton Street. Further, it is set to open its second Brooklyn store in fall, at the Gateway Center.

The 32,700 square-feet store in Florida, expected to open in fall 2014, will mark the third Nordstrom Rack outlet in the greater Tampa area, with the first one being situated at Walters Crossing since 2010. Also since 2001, the company has been operating a full-line outlet in International Plaza, a shopping mall in Tampa.

This new store in Florida will be part of the 440,442 square-feet shopping center, Lake Brandon Plaza, across Interstate 75 in Brandon. This latest addition is expected to draw traffic to the mall.

Nordstrom Rack, being the off-price retail segment of the company, caters to stylish and trend-savvy customers. It stocks a broad range of fashionable apparel, footwear and other accessories at discounted prices. These Racks usually keep items from the main Nordstrom stores and the online shopping website, www.Nordstrom.com. Alongside, these stores stack products, bought from other big brands and sold at the company.

Nordstrom's latest store openings signify the company's commitment to strengthen its network with the aim of driving top-line growth. Nordstrom's focus on store expansion is evident from the series of Rack store openings since the beginning of fiscal 2013. As of Jan 7, 2014, the company operated 261 outlets across 35 states, with 141 Nordstrom Racks, 117 full-line stores, 2 Jeffrey boutiques and 1 clearance outlet.

Currently, this Seattle-based company carries a Zacks Rank #3 (Hold).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros.  In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.

Get the full Report on AA - FREE

Get the full Report on JWN - FREE

Get the full Report on TGT - FREE

Get the full Report on BBBY - FREE

Get the full Report on BBY - FREE

Follow us on Twitter: http://twitter.com/zacksresearch

Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

[email protected]

http://www.zacks.com

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

SOURCE Zacks Investment Research, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, discussed using predictive analytics to mon...
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
Information technology is an industry that has always experienced change, and the dramatic change sweeping across the industry today could not be truthfully described as the first time we've seen such widespread change impacting customer investments. However, the rate of the change, and the potential outcomes from today's digital transformation has the distinct potential to separate the industry into two camps: Organizations that see the change coming, embrace it, and successful leverage it; and...
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Regulatory requirements exist to promote the controlled sharing of information, while protecting the privacy and/or security of the information. Regulations for each type of information have their own set of rules, policies, and guidelines. Cloud Service Providers (CSP) are faced with increasing demand for services at decreasing prices. Demonstrating and maintaining compliance with regulations is a nontrivial task and doing so against numerous sets of regulatory requirements can be daunting task...
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, sha...
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to impr...
Join Impiger for their featured webinar: ‘Cloud Computing: A Roadmap to Modern Software Delivery’ on November 10, 2016, at 12:00 pm CST. Very few companies have not experienced some impact to their IT delivery due to the evolution of cloud computing. This webinar is not about deciding whether you should entertain moving some or all of your IT to the cloud, but rather, a detailed look under the hood to help IT professionals understand how cloud adoption has evolved and what trends will impact th...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Businesses and business units of all sizes can benefit from cloud computing, but many don't want the cost, performance and security concerns of public cloud nor the complexity of building their own private clouds. Today, some cloud vendors are using artificial intelligence (AI) to simplify cloud deployment and management. In his session at 20th Cloud Expo, Ajay Gulati, Co-founder and CEO of ZeroStack, will discuss how AI can simplify cloud operations. He will cover the following topics: why clou...
Internet of @ThingsExpo, taking place June 6-8, 2017 at the Javits Center in New York City, New York, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo New York Call for Papers is now open.