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英国指导coursework，Global Round Up – Stocks GLOBAL ROUND UP STOCKS
Avon Products (AVP.N), the 70th largest company by market capitalisation in the S&P 500 index, fell for a third day on Friday bringing its three-day fall to US$2.09 or 5.8%. The stock price dipped 30.0 cents (or 0.9%) to close at US$34.03. Compared with the Dow Jones Industrials, which fell 14.3 points (or 0.1%) on the day, this was a relative price change of -0.7%.
Price Change % 3-day 1-month 1-year
AVP -5.8% -2.6% 85.1%
Chemicals -0.5% 1.6% 38.6%
DJIA -1.1% 2.8% 36.6%
OPEN INTEREST TREND AND INTERPRETATION
Same day trend: open interest rose, ending a four-day streak of losses; the stock fell for a third day. Open interest strengthened 0.2% from 86,121 contracts to 86,273 contracts [one contract is 100 shares-option]. decrease of 0.9% this suggests the market is weak.
Trailing one week trend: Open interest crashed 16.9% from 103,856 contracts a week ago while the stock slid 5.8% from US$35.10 a week ago. Combined with the falling price this suggests the market is strengthening.
Trailing one month trend: open interest dipped 0.3% from 86,501 contracts a month ago while the stock declined 2.6% from US$34.31 a month ago. Combined with the falling price this also suggests the market is strengthening.
Open interest as % of issued capital: 8,627,300 shares, representing 2.0% of the issued capital.
[ranked 514 out of 822 stocks in descending order]
Put:call ratio: open interest contracts on exchange traded options included 41,204 put contracts and 45,069 call contracts.
The put:call ratio was 1:1.1, up 0.6% for the day, down 29.6% in the past week and up 2.5% in the past month.
Top three traded call options [volume of contracts in brackets; 1 contract is 100 shares]
Exercise US$34.0; Expires Dec 25: US$1.05 down 19.8% [14]
Exercise US$30.0; Expires Jan 25: US$6.90 up 1.5% [10]
Exercise US$34.0; Expires Nov 25: 10.0 cents down 78.3% [8]
Top three traded put options [volume of contracts in brackets; 1 contract is 100 shares]
Exercise US$34.0; Expires Nov 25: 5.0 cents down 66.7% [201]
Exercise US$34.0; Expires Dec 25: US$1.05 up 2.9% [111]
Exercise US$33.0; Expires Jan 25: US$1.21 up 5.2% [75]
TECHNICAL ANALYSIS
Downtrend
Price Trend: the price slid 5.8% in the last week and declined 2.6% in the last month.
Breakdown: the bears are maintaining control with price open, high, low and close being below yesterday's levels.
Support: the support price is hovering at the US$30.12 level. Volume traded at the support price zone was 2.3 time average during the single occasion when the support price was breached. In the last one month the first low was at US$30.12 on Oct 29.#p#分页标题#e#
Resistance: previous rallies have been met with resistance at US$36.36. However, selling pressure at that level has been moderate; volume was 1.0 times average during the six occasions when the resistance price was breached in the last one month. In the last one month the highest was at US$36.36 on Nov 17, the second highest at US$36.13 on Nov 16. The third advance halted at US$36.12 on Nov 18, the 4th at US$35.82 on Oct 22, the 5th at US$35.72 on Oct 23 and the 6th at US$35.64 on Oct 26
PRICE VOLUME DYNAMICS
Volatility: the stock traded between an intraday high of US$34.35 and an eight-day low of US$33.78, suggesting a trading opportunity between peaks and troughs.
Moving average price (MAP): the price to 200-day MAP ratio is 1.27, a bullish indicator. In the past 200 days this ratio has exceeded 1.27 76 times suggesting further upside. The stock is trading above both its MAPs and the 50-day MAP of US$33.40 is higher than the 200-day MAP of US$26.84, a bullish indicator. The 200-day MAP has increased to US$26.84. An increase is another bullish indicator.
Relativities: the stock has a 6-month relative strength of 71 indicating it has outperformed 71% of its global peers.
Volume: there were 3,740,000 shares worth US$127.3 million traded. The volume was 0.8 times average trading of 4,411,098 shares.
% Discount to high: the last price is at a discount of 6.4% to the 12-month high of US$36.36 three-days ago on 17 Nov, 2009.
Volume weighted price (VWP): the price is equal to its 1-month volume weighted average price of US$33.91.
Rises to Falls: In the last three months the number of rises outnumbered falls 36:29 or 1.2:1.
Access comprehensive Stock Research on (http://buyselltips.net/StockResearch/StockResearch.php?market=Globalstocks&companyid=442&dt=2009-11-20 [http://buyselltips.net/StockResearch/StockResearch.php?market=Globalstocks&companyid=442&dt=2009-11-20]) AVP (http://buyselltips.net/StockResearch/StockResearch.php?market=Globalstocks&companyid=442&dt=2009-11-20 [http://buyselltips.net/StockResearch/StockResearch.php?market=Globalstocks&companyid=442&dt=2009-11-20])
PRICE PERFORMANCE RANK IN INDICES AND SECTORS
The stock is in 2 sectors.
The following index and sector fell setting the trend for its fall of 0.9%:
The index of Top 5% by MCap of 2,130 global stocks traded today, which was down 45.6 points or 0.5% to 8,578.7;
the Dow Jones Industrials, which was down 14.3 points or 0.1% to 10,318.2.
The stock went against the trend set by Chemicals sector of 109 stocks traded today, which was up 8.0 points or 0.1% to 10,131.
Percentile Rank 1-day 1-month 6-months
AVP 33 42 71
Chemicals 64 74 60
DJIA 53 78 67
RELATIVE VALUATION INDICATORS [RVI]
Avon Products vs Chemicals sector [Chemicals sector average in Brackets]
Better than sector average: Return on Equity of 129.7% [31.5%], rank 1 out of 103 Chemicals stocks; Return on Assets of 14.4% [12.4%], rank 23 out of 103; Year-on-year growth in EPS of 68.6% [26.8%], rank 13 out of 66.#p#分页标题#e#
Worse than sector average: P/E of 16.7 [13.9], rank 33 out of 57 Chemicals stocks.
RVI AVP Chemicals sector
Return on Equity 129.7% 31.5%
Return on Assets 14.4% 12.4%
EPS Growth YOY 68.6% 26.8%
P/E 16.7x 13.9x
SHAREHOLDER RETURNS
Trailing one week: the stock fell three times (60% of the time) and rose twice (40% of the time). The volume was 0.9 times average trading of 22,055,490 shares. The value of US$1,000 invested a week ago is US$987 [vs US$1,005 for the Dow Jones Industrials], for a capital loss of US$13 (or loss of 1.3%).
Trailing one month: the stock fell eleven times (48% of the time), rose eleven times (48% of the time) and was unchanged once (4% of the time). The volume was 0.98 times average trading of 97,044,156 shares. The value of US$1,000 invested a month ago is US$974 [vs US$1,029 for the Dow Jones Industrials], for a capital loss of US$26 (or loss of 2.6%).
Trailing one year: the value of US$1,000 invested one year ago is US$1,851 [vs US$1,419 for the Dow Jones Industrials], for a capital gain of US$851. The total return to shareholders for 1 year is 85.2%.
PVUS$1000 1-month 1-year
AVP US$974 US$1,851
Chemicals US$1,017 US$1,396
DJIA US$1,029 US$1,419
FINANCIALS
指导英国courseworkAnnual Report for the year ended December 31, 2008 (year-on-year comparisons with previous corresponding period)-
Favourable Changes: total revenue up 7.56% to $US10.7b; net profit growth 64.93% to $US875.3m; EPS growth 68.6% to $US2.04; interest cover up 65.14% to 13.3; EBIT Margin up 37.4% to 12.6%; total liabilities to operating cash flow down 14.95% to 7.2: this compares unfavourably with the Joseph Piotroski benchmark of <4; current ratio up 6.09% to 1.2; total number of shares outstanding down 1.64% to 426,360,000; Working capital to total assets up 31.33% to 10.6%; Retained earnings to total assets up 8.08% to 67.8%; EBIT to total assets up 39.07% to 22.0%; total revenue to total assets up 1.22% to 1.8.
Unfavourable Changes: total debt to net tangible assets up from 2.9 to 3.7; debt to equity up 25.05% to 3.7; total liabilities to total assets up 1.53% to 0.9; Net tangible assets per share down 3.58% to $US1.6.
Major Common Size Ratios: total current assets to total assets down from 61.5% to 58.56%; total non current assets to total assets up from 38.5% to 41.44%; fixed assets to total assets down from 22.36% to 22.13%; other non current assets to total assets up from 16.14% to 19.32%; cash to total assets up from 16.85% to 18.19%; Administration expenses to Sales down from 52.05% to 51.01%; cost of goods sold to sales down from 40.03% to 37.29%; EBIT to Sales up from 9.2% to 12.64%; profit before tax to sales up from 8.06% to 11.69%; profit after tax to sales up from 5.39% to 8.27%.
MARKET SHARE
Avon Products vs Chemicals sector [Chemicals sector Total in Brackets]
EBIT of US$1.3 billion [1.0% of aggregate sector EBIT of US$133.5 billion; up from 0.8% in the previous year.]#p#分页标题#e#
FUNDAMENTALS
Earnings: the earnings yield of 6.0% is 1.1 times the 10-year bond yield of 5.4%.
P/E: the trailing twelve months P/E is 16.7 times, giving it a percentile rank of 39.5 by P/E. (rank 941 out of 1569).
P/E/G: based on the year-on-year growth in trailing 12 months EPS of 68.6% the P/E/G is 0.2. This is a bullish signal, being less than 1.0.
EPS growth: The implied future growth rate of earnings per share required to justify the current Price Earnings Multiple of 16.7 on trailing twelve months is 5.9%, based on a formula devised by Benjamin Graham. This is lower than the year-on-year growth rate in eps of 68.6%, suggesting the stock may be undervalued.
P/S: the price/sales ratio is 1.4.
Price to NTA: The net tangible asset backing per share is US$1.58. The price to net tangible asset backing per share is 21.5.
Valuation AVP Chemicals
P/E 16.7x 16.6x
P/E/G 0.2x 0.8x
P/S 1.4x 0.1x
Size AVP Rank in Chemicals
MCAP (US$) 14.5 billion 25
Assets (US$) 6.1 billion 46
Revenue (US$) 10.7 billion 29
Performance AVP Chemicals
ROA 14.4% 12.4%
ROE 129.7% 31.5%
Yield 0.2%
EPS Growth YOY 68.6% 26.8%
ISSUED CAPITAL
Based on 426,300,000 issued shares the market capitalisation is US$14.5 billion.
ACTIVITIES
It is the world's 46th largest Chemicals company by assets.
Avon Products, Inc. is a global manufacturer and marketer of beauty and related products. Its products fall into three product categories: Beauty, which consists of cosmetics, fragrances, skin care and toiletries (CFT); Beauty Plus, which consists of fashion jewelry, watches, apparel and accessories, and Beyond Beauty, which consists of home products and gift and decorative products. Sales from Health and Wellness products and mark., a global cosmetics brand that focuses on the market for young women, are included among these three categories based on product type. Its business is conducted worldwide primarily in one channel, direct selling. The Company's segments are based on geographic operations in six regions: North America; Latin America; western Europe, Middle East & Africa; Central & Eastern Europe; Asia Pacific, and China.
It is the 152nd largest by profits in the Fortune 1000, the 195th largest by revenue in the Fortune 1000 and the 342nd largest by assets in the Fortune 1000.
TOP MANAGEMENT
The chief executive officer is Andrea Jung and the chairman is Andrea Jung.
BUSINESS NEWS ROUND UP
The last 5 snippets are:
September 18: Broadcom announces GPON product
Avon Products today announced its first product offerings in the Gigabit Passive Optical Network (GPON) market with a scalable family of products spanning from gigabit bridges to fully integrated access device (IAD) capabilities. Broadcom's GPON portfolio leverages their field proven processor, switch and physical layer (PHY) intellectual property cores, in conjunction with the industry's most widely deployed Linux and voice over IP (VoIP) software suite, enabling Fiber-to-the-Home (FTTH) and Fiber-to-the-Node (FTTN) solutions.#p#分页标题#e#
September 17: Avon resigns chief executive officer
Avon Products today announced that President Elizabeth (Liz) Smith has made the decision to leave the company effective , to pursue her long-time leadership aspiration to be a chief executive officer. Avon said Ms. Smith made this decision following a highly successful five-year career with the company, during which she played an instrumental role in repositioning the business for long-term sustainable growth.
September 14: Broadcom sues emulex for patent infringement
Avon Products announced today that it has commenced litigation against Emulex Corporation (NYSE: ELX) for infringement of Broadcom patents related to networking and communications technologies. In its complaint, filed today in the U.S. District Court for the Central District of California, Broadcom alleges that Emulex infringes 10 Broadcom patents: 6,424,194; 6,766,389; 7,038,516; 7,215,169; 7,239,636; 7,295,555; 7,313,623; 7,450,500; 7,471,691; and 7,486,124.
September 09: Broadcom partners with softathome
Avon Products today announced a collaboration with SoftAtHome, a software provider of home operating platforms that help service providers deliver convergent applications for the digital home, to develop a solution for hybrid, satellite and IP set-top boxes (STBs) accelerating time-to-market for advanced video and TV services.
September 08: Broadcom becomes world's first to introduce single chip IAD
指导英国courseworkAvon Products today announced its first single chip broadband integrated access device (IAD) integrating high performance ADSL2+ and 802.11n wireless LAN (WLAN), along with Gigabit Ethernet switching, Digital Enhanced Cordless Telecommunications (DECT), and voice over IP (VoIP) for IADs and high-end residential gateways.
Source: www.BuySellSignals.com [http://www.BuySellSignals.com]
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