Our contributor is downgrading one stock on falling profits, and initiating a new recommendation on a retailer with unique marketing and rising earnings.
Sell: Investment Technology Group (ITG)
from Upside
Updated from ID 769, May 20, 2015
Investment Technology Group (ITG) is being downgraded to Sell. The Quadrix® Overall score is 68, down from 95 three months ago. Shares score particularly poorly for Earnings Estimates (7), partly because the company reported mixed March-quarter results. Falling profit estimates now call for June-quarter earnings of $0.39 per share, down from $0.43 two months ago. For full-year 2015, the consensus stands at $1.65 per share, down from $1.71 in May. Investment Technology should be sold.
Richard J. Moroney, CFA, Upside, www.upsidestocks.com, 800-233-5922, August 2015