Fasten Your Seat Belts for Earnings Season

Profit Catalyst Alert holding Brunswick, and put option position Caterpillar, will both report before the open on Thursday Jan. 26. Later that same day, Integrated Device Technologies and call option position PayPal report earnings after the close.

I’ll be issuing updates regarding any significant earnings updates for all positions.

Camping World (NYSE: CWH) continued its geographic expansion with two recently announced acquisitions. It bought Jamatt RV, a family-owned RV retailer located in Poteau, Okla., and announced the proposed acquisition of RV Max, which operates three RV retail locations in the Dallas, Texas area. Financial terms of the deals were not announced.

Criteo (NSDQ:CRTO) had its price target raised from $50 to $55 by brokerage firm Cowen. The analyst noted a meaningful shift to digital dollars and plenty of room for customer growth. Updating models for recently purchased HookLogic and Search, the analyst raised its 2017 revenue forecast to $940 million, an increase of 31% from the prior year and higher than average estimates of $929 million.

PayPal (NSDQ: PYPL) has been busy. It signed an agreement with Discover Financial Services to make PayPal more widely available to Discover card members, acquirers and merchants. The agreement provides PayPal with access to Discover’s tokenization services, expanding PayPal’s reach at the point of sale, which will enable U.S. PayPal customers to pay with their Discover cards at all of the contactless-enabled merchants that accept Discover

The stock was also picked up by Wedbush with an Outperform rating and a $54 target. The analyst noted “explosive transaction growth in the mobile payments space, incremental revenue growth from Xoom, and the ability to monetize its popular P2P engine”. The P2P engine he is referring to is Venmo, the popular person to person payment app.

 

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