Janney Montgomery Scott upgraded Under Armour, Inc. (NYSE: UA) from Neutral to Buy with a price target of $55.00. Analyst Eric Tracy comments, “On broader market pullback and company-specific multiple compression, we upgrade our rating on UA to Buy. Since the recent high (3/19), shares are off roughly 24% vs. S&P 500 flat. At 39x our FY15 EPS estimate, shares are trading at a 15% discount to its 2-year average (and in line with its 5-year historical), presenting us with a long-awaited opportunity to get more constructive with our rating, as UA is positioned over the next 12-24 mos to realize the benefits of investments in its supply chain, drive the multi-pronged domestic apparel growth (deeper penetration of the core, new wholesale distribution, women’s/youth and DTC), while also accelerating footwear (Spine evolution, SpeedForm launch) and int’l, all of which should support upside to the planned top line (FY14 rev guide of +24% to +25%). Under Armour Inc (NYSE:UA) shares advanced 3.65% in last trading session and ended the day on $48.89. UA return on equity ratio is recorded as 16.80% and its return on assets is 11.50%. Under Armour Inc (NYSE:UA) yearly performance is 71.30%.
In a sign of the changing times, Apple Inc. (NASDAQ:AAPL) is on the brink of passing Nokia’s feature phone sales with sales of its iPhone smartphone. The figures released by Strategy Analytics are important not only because of Nokia’s historical interest as one of the world’s largest mobile phone sellers for close to half a century, but because they ring the knell of an entire form factor of electronics. Nokia sold 47 million telephones in total during a quarter in which Apple (AAPL) sold 43.7 million. All of Apple’s sales were iPhones, while Nokia’s sales were mostly feature phones and encompassed a large range of different models. These ranged as low as $60 new in price, meaning that sales were declining even for those mobile phones far cheaper than the famous Apple flagship product. Apple Inc.(NASDAQ:AAPL) shares after opening at $592.64 moved to $599.43 on last trade day and at the end of the day closed at $590.09. Company price to sales ratio in past twelve months was calculated as 2.89 and price to cash ratio as 12.29. Apple Inc.(NASDAQ:AAPL) showed a positive weekly performance of 12.45%.
Although F hit a technical speed bump following last Friday’s earnings miss, and now sits about 4% below its Jan. 17 year-to-date high of $16.78 to $16.12, Sterne Agee upped its price target by $2 to $20 this morning. In the options pits, speculators are bullish toward Ford Motor Company, as well. The equity’s 10-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) call/put volume ratio of 9.82 ranks higher than all other comparable readings from the past year,demonstrating an annual-high level of call buying, relative to put buying, during the past two weeks. A continuation of F’s downward trajectory may cause some of these bullish bettors to hit the exits in the near term, creating additional headwinds for the shares. Ford Motor Company (NYSE:F) shares moved up 0.97% in last trading session and was closed at $16.15, while trading in range of $15.92 – 16.18. Ford Motor Company (NYSE:F) \year to date (YTD) performance is 6.32%.
The U.S. government lost $11.2 billion on its bailout of General Motors Co. (NYSE:GM), more than the $10.3 billion the Treasury Department estimated when it sold its remaining GM shares in December, according to a government report released on Wednesday. US Government Says It Lost $11.2B On GM Bailout US Government Says It Lost $11.2B On GM Bailout. The $11.2 billion loss includes a write-off in March of the government’s remaining $826 million investment in “old” GM, the quarterly report by a Treasury watchdog said. The U.S. government spent about $50 billion to bail out GM. As a result of the company’s 2009 bankruptcy, the government’s investment was converted to a 61 percent equity stake in the Detroit-based automaker, plus preferred shares and a loan. General Motors Company (NYSE:GM) weekly performance is 0.26%. On last trading day company shares ended up $34.48. General Motors Company (NYSE:GM) distance from 50-day simple moving average (SMA50) is -1.20%. Analysts mean target price for the company is $43.27.
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