Click here to close now.


News Feed Item

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

CHICAGO, Jan. 10, 2014 /PRNewswire/ -- 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).


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, 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 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:

Join us on Facebook:

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]

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 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
As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ability. Many are unable to effectively engage and inspire, creating forward momentum in the direction of desired change. Renowned for its approach to leadership and emphasis on their people, organizations increasingly look to our military for insight into these challenges.
The IoT is upon us, but today’s databases, built on 30-year-old math, require multiple platforms to create a single solution. Data demands of the IoT require Big Data systems that can handle ingest, transactions and analytics concurrently adapting to varied situations as they occur, with speed at scale. In his session at @ThingsExpo, Chad Jones, chief strategy officer at Deep Information Sciences, will look differently at IoT data so enterprises can fully leverage their IoT potential. He’ll sha...
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi's VP Business Development and Engineering, will explore the IoT cloud-based platform technologies driv...
SYS-CON Events announced today that DataClear Inc. will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The DataClear ‘BlackBox’ is the only solution that moves your PC, browsing and data out of the United States and away from prying (and spying) eyes. Its solution automatically builds you a clean, on-demand, virus free, new virtual cloud based PC outside of the United States, and wipes it clean...
SYS-CON Events announced today that Machkey International Company will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Machkey provides advanced connectivity solutions for just about everyone. Businesses or individuals, Machkey is dedicated to provide high-quality and cost-effective products to meet all your needs.
WebRTC converts the entire network into a ubiquitous communications cloud thereby connecting anytime, anywhere through any point. In his session at WebRTC Summit,, Mark Castleman, EIR at Bell Labs and Head of Future X Labs, will discuss how the transformational nature of communications is achieved through the democratizing force of WebRTC. WebRTC is doing for voice what HTML did for web content.
Docker is hot. However, as Docker container use spreads into more mature production pipelines, there can be issues about control of Docker images to ensure they are production-ready. Is a promotion-based model appropriate to control and track the flow of Docker images from development to production? In his session at DevOps Summit, Fred Simon, Co-founder and Chief Architect of JFrog, will demonstrate how to implement a promotion model for Docker images using a binary repository, and then show h...
The enterprise is being consumerized, and the consumer is being enterprised. Moore's Law does not matter anymore, the future belongs to business virtualization powered by invisible service architecture, powered by hyperscale and hyperconvergence, and facilitated by vertical streaming and horizontal scaling and consolidation. Both buyers and sellers want instant results, and from paperwork to paperless to mindless is the ultimate goal for any seamless transaction. The sweetest sweet spot in innov...
SYS-CON Events announced today that Key Information Systems, Inc. (KeyInfo), a leading cloud and infrastructure provider offering integrated solutions to enterprises, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Key Information Systems is a leading regional systems integrator with world-class compute, storage and networking solutions and professional services for the most advanced softwa...
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
DevOps and Continuous Delivery software provider XebiaLabs has announced it has been selected to join the Amazon Web Services (AWS) DevOps Competency partner program. The program is designed to highlight software vendors like XebiaLabs who have demonstrated technical expertise and proven customer success in DevOps and specialized solution areas like Continuous Delivery. DevOps Competency Partners provide solutions to, or have deep experience working with AWS users and other businesses to help t...
The modern software development landscape consists of best practices and tools that allow teams to deliver software in a near-continuous manner. By adopting a culture of automation, measurement and sharing, the time to ship code has been greatly reduced, allowing for shorter release cycles and quicker feedback from customers and users. Still, with all of these tools and methods, how can teams stay on top of what is taking place across their infrastructure and codebase? Hopping between services a...
Containers are changing the security landscape for software development and deployment. As with any security solutions, security approaches that work for developers, operations personnel and security professionals is a requirement. In his session at @DevOpsSummit, Kevin Gilpin, CTO and Co-Founder of Conjur, will discuss various security considerations for container-based infrastructure and related DevOps workflows.
Enterprises can achieve rigorous IT security as well as improved DevOps practices and Cloud economics by taking a new, cloud-native approach to application delivery. Because the attack surface for cloud applications is dramatically different than for highly controlled data centers, a disciplined and multi-layered approach that spans all of your processes, staff, vendors and technologies is required. This may sound expensive and time consuming to achieve as you plan how to move selected applicati...