American Electric Power Company (AEP) and Entergy Corporation (ETR) were the biggest losers in the power utility sector for the week ended February 6, 2015.
Covanta was the biggest gainer in the power sector for the week ending February 6, 2015. Covanta gained 2.8% during the week.
As of February 8, Wendy’s (WEN) year-to-date return was 22.2%, compared to a year-to-date return of -0.13% on the S&P 500 Index and 7.5% for its peer group.
Wendy’s shares popped at the beginning of trade at $10.60, which was up 2% from the previous day’s closing of $10.41.
Wendy’s management guidance for 2015 same-store sales growth is ~3.0%. It will continue a system optimization strategy to sell restaurants to franchisees.
Wendy’s EBITDA was $83.2 million, up 12%, compared to $74.3 million in 4Q14. The EBITDA margin also improved to 16.2% from 11.6% over the same period.
Wendy’s (WEN) has been selling company-operated restaurants to franchises, which has made Wendy’s top line decline.
Wendy’s system same-store sales growth was 1.3% in the fourth quarter of 2014 compared to 3.10% in the corresponding quarter a year ago in 2013.
Wendy’s earnings per share were down 9% compared to its EPS of $0.11 in the fourth quarter of 2013.
Given Apple’s momentum with its iPhone 6 and iPhone Plus sales, Apple should comfortably beat Samsung in terms of market share in the quarter ending in March.
In the last quarter, Apple’s ratio of operating expenses to revenues was only 7.4%, its lowest in the last two years.
Despite its currency headwinds, Apple was able to grow its gross margins in the last quarter.
In a recent consumer survey, Apple became the most gifted luxury brand in China ahead of other luxury brands such as Louis Vuitton, Gucci, and Chanel.
Apple derived ~22% of its revenues from Greater China, increasing by a year-over-year rate of 70%. Apple also doubled its sales in Mainland China.
Although Apple’s sequential revenue growth should decline steeply this quarter, it still shows a healthy 20% revenue growth on a year-over-year basis.
Apple’s management notes that about 16% of its customers have upgraded to the new iPhones.
The iPhone’s value to Apple grows when considering the contribution of its margins. The average selling price for an iPhone in fiscal 1Q15 was $687.
In December 2014, the success of iPhone 6 and Plus helped Apple beat Google’s Android-based smartphones in terms of market share in the US.
DHT’s average analyst consensus target stands at $11.03 indicating an upside of 56% from current levels.
Strategies like storage and contango over the past several weeks have proved positive for the shipping industry (SEA) and companies such as DHT Holdings (DHT).