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Andrew Meola

Andrew Meola joined TheStreet in January 2014 from The Hudson Valley Reporter, where he worked as the sports editor for Westchester, Putnam and Dutchess Counties. He previously worked at The Daily Voice, where he covered local news and sports in Westchester County. He is a proud graduate of Syracuse University's Newhouse School and is an avid New York sports fan and pop culture consumer. He once worked at a Steak-n-Shake for six hours.

Andrew Meola
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Article

One Factor Driving Microsoft (MSFT) Stock Down Today

By Andrew Meola

Microsoft (MSFT) dipped Thursday after rival Sony (SNE) announced on its blog that it had sold 7 million PlayStation 4 units worldwide, a sign that the latter is dominating the current battle in the video game console wars. Microsoft has remained quiet about Xbox One sales in recent months; the last official word in early January was that the company had sold 3 million units. All other numbers since then have been speculation, and Bloomberg recently estimated the figure at approximately 4.2 million in early April. Sony, by contrast, has been more active in updating the public on its PS4 sales figures, as it made statements when 5 million and 6 million consoles had been sold.

04:48PM 04/17/14

Article

Capital Bank Financial (CBF) Reports Net Income Increase in First-Quarter Earnings

By Andrew Meola

Capital Bank Financial (CBF) reported a year-over-year increase in net income in the company's first-quarter earnings report after the market closed on Thursday. The company reported a 120% year-over-year increase in net income to $11.4 million, or 22 cents per diluted share, from net income of $5.8 million, or 10 cents per diluted share. Core net income totaled $12.4 million, or 24 cents per diluted share, a 33% year-over-year increase from $9.9 million, or 18 cents per diluted share. The stock closed up 1.03% to $24.45 on Thursday. More than 126,000 shares changed hands, which barely edged the average volume of 125,682.

04:26PM 04/17/14

Article

Why SandRidge Energy (SD) Stock is Up Today (Update)

By Andrew Meola

SandRidge Energy (SD) rose on high volume Thursday, its fourth consecutive day of gains, after Jim Cramer spoke bullishly about the stock on CNBC's Mad Money on Wednesday evening. Cramer said on the show that Wall Street seems to hate the stock even though the oil and natural gas exploration company's turnaround is in plain sight. "The former CEO practically ran the company into the ground. Because of mismanagement and other factors, shares tumbled from $67 in 2008 to the single digits. And the stock never really bounced back," Cramer said. He added "because SandRidge is so hated by Wall Street, the analysts can't see the incredible turnaround happening in front of their faces." Cramer went on to note "since new CEO James Bennett took over, SandRidge has delivered three consecutive quarters where the company beat the estimates and raised guidance." Furthermore, SandRidge is one of Cramer's "Top Stock Picks" on TheStreet on Thursday.

04:12PM 04/17/14

Article

Weibo (WB) Stock Rises After IPO (Update)

By Andrew Meola

Weibo (WB), the Chinese social media company that has been described as the country's equivalent to Twitter (TWTR), rose on Thursday, its first day of trading after its IPO. The company raised $286 million by pricing its initial public offering of 16.8 million shares, 16% fewer than expected, at $17 a share. That price was at the low end of the expected $17 to $19 range. The stock opened at $16.27 at noon, but quickly recovered and surged more than 25% to a high of $24.48 for the day. More than 31 million shares changed hands by the close of trading.

03:54PM 04/17/14

Article

Why Sherwin-Williams (SHW) Stock Is Up Today

By Andrew Meola

Sherwin-Williams (SHW) rose to a high of $200 for the day on Thursday after the paint products maker reported a 9.2% year-over-year revenue increase in its first-quarter earnings report. Sherwin-Williams said revenue rose to $2.37 billion from $2.17 billion in the same period one year earlier. Selling, general and administrative expenses increased 14% to $884 million, which led to an earnings dip. Earnings totaled $115.5 million, or $1.14 a share, down from $116.2 million, or $1.11 a share, in the same quarter one year ago. Sales in stores open at least a year rose 7.9% in the quarter. The company also forecast earnings in the range of $2.80 a share to $3 a share and an 8% to 14% revenue increase in the second quarter. Analysts expected $2.86 a share and a 10% revenue increase.

03:32PM 04/17/14

Article

YOU On Demand (YOD) Stock Falls On High Volume

By Andrew Meola

YOU On Demand (YOD) fell Thursday on higher-than-average volume. The stock dropped 5.25% to $3.43 at 2:50 p.m. More than 1.9 million shares had changed hands by that point, slightly greater than its average volume of 1,868,330. The stock hit a low of $2.98 for the day.

02:54PM 04/17/14

Article

Why Net 1 UEPS (UEPS) Stock Is Down Today

By Andrew Meola

Net 1 UEPS (UEPS) dropped Thursday after The Constitutional Court of South Africa, the nation's highest court, ordered the cancellation of a contract awarded to the electronic payment systems technology company. The court ordered the government to open a new tender to disseminate social welfare grants just four months after it invalidated a $947 million contract won by Net 1. The court permitted it to continue providing grants to millions of pensioners on the state's behalf until the issuing of a new five-year tender, the company announced Thursday. Net 1 also said The South African Social Security Agency would have 30 days to come up with a new tender.

02:17PM 04/17/14

Article

Why Zynga (ZNGA) Stock Is Up Today

By Andrew Meola

Zynga (ZNGA) rose Thursday after Wedbush Securities said in a research note that the social gaming company should meet or exceed guidance when it reports first-quarter earnings on April 23. "Our Q1 estimates are for bookings of $150 million and earnings per share of $0, versus consensus of $148 million and 1 cent, and guidance of $138 million to $148 million and 1 cent," the firm said in a note. "On April 10, Zynga announced the appointment of new CFO David Lee, and CEO Don Mattrick said that 'the year is off to a solid start.' We believe that if Q1 results had fallen short of expectations, Zynga would have preannounced instead. Also, we believe that management has an 'under-promise and over-deliver' approach to guidance, strengthening our belief that it will meet or exceed expectations." Wedbush also expects Zynga to issue second-quarter guidance on the high end of expectations and to reiterate its fiscal year 2014 guidance.

01:30PM 04/17/14

Article

Jim Cramer Breaks Down Google, IBM, Goldman Sachs and Chipotle's Confusing Earnings

By Andrew Meola

TheStreet's Jim Cramer discusses the "confusing" earnings of Chipotle (CMG), Google (GOOG), IBM (IBM) and Goldman Sachs (GS). Firstly, he says Chipotle reported "just OK" earnings, but this is a "revenue story," as the company reported comparable-store sales growth of 13%. Cramer was looking for 9% growth, calls 13% "extraordinary" and says investors should buy Chipotle on any weakness. IBM missed on earnings and revenue but Cramer would still buy it because "it is a second-half story." Cramer also does not want to back away from Google at all because it sells at 18 times earnings with a 19% growth rate. He reasons portfolio managers will always ultimately gravitate to companies that offer that kind of growth rate for that kind of multiple. He points out it does not happen immediately, though, and people must go through models. Cramer believes both IBM and Google will both be trading higher in two weeks. Finally, Cramer calls Goldman Sachs "impenetrable" but says the key takeaway is that it trades at slightly more than one times book value. This means if the company closed and gave cash back to investors, then the investors would more or less break even.

12:19PM 04/17/14

Article

Sabre (SABR) Stock Rises After IPO

By Andrew Meola

Sabre Corp. (SABR) rose Thursday, the travel technology company's first day of trading after its IPO. The company offered 39.2 million shares at $16 a share, below the expected range of $18 to $20. This price valued the company, which owns Travelocity, at approximately $3.93 billion.

11:09AM 04/17/14

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