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Stock Market & Financial Investment News

News Breaks
June 12, 2014
11:25 EDTLULU, AALStocks with call strike movement; AAL LULU
American Airlines (AAL) November 47 call option implied volatility increased 10% to 40, lululemon (LULU) September 42.5 call option implied volatility decreased 10% to 39 according to IVolatility.
News For AAL;LULU From The Last 14 Days
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December 11, 2014
05:34 EDTLULUlululemon reports Q3 EPS 42c, consensus 38c
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December 10, 2014
17:21 EDTAALAmerican Airlines, United Continental can reach new highs, Barron's says
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15:25 EDTLULUNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Lululemon (LULU), consensus 38c; RadioShack (RSH), consensus ($1.04); Ciena (CIEN), consensus 13c; Methode Electronics (MEI), consensus 55c.
14:12 EDTLULULululemon December weekly 48 straddle priced for 10% move into Q3
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14:06 EDTLULUEarnings Preview: Lululemon Q3 could be positive turning point, analyst says
Lululemon Athletica (LULU) is scheduled to report third quarter earnings before the market open on Thursday, December 11, with a conference call scheduled for 9:00 am ET. Lululemon is a designer and retailer of yoga-inspired apparel operating primarily in North America and Australia. EXPECTATIONS: Analysts are looking for earnings per share of 38c on revenue of $424.68, according to First Call. The consensus range for EPS is 37c-41c on revenue of $420M-$430.54M. LAST QUARTER: Lululemon reported second quarter EPS of 33c on revenue of $390.7M, beating estimates for 29c and $367.8M, respectively. Total same-store sales were flat in Q2 on a constant dollar basis; Comparable store sales for Q2 decreased by 5% on a constant dollar basis and direct to consumer revenue increased 30% on a constant dollar basis. Looking ahead, the company raised its fiscal year 2014 normalized EPS view to $1.72-$1.77 from $1.71-$1.76 and narrowed its revenue view to $1.78B-$1.8B from $1.77B-$1.8B against estimates at that time for $1.74 and $1.78B, respectively. Third quarter EPS was forecast at 36c-38c on revenue of $420M-$425M. Q3 guidance was based on a total combined comparable sales increase in the low single digits on a constant dollar basis. The retailer forecast Q3 and FY14 gross margin of approximately 51%. NEWS: During its Q2 earnings conference call, lululemon said it was "happy" to have Advent back as a shareholder and is "looking forward" to having Advent's guidance going forward. STREET RESEARCH: Yesterday, Wells Fargo upgraded the stock to Outperform from Market Perform. Lululemon should benefit from the strength of the athletic apparel category, as well as the annual growth of over 10% in the total square footage of its stores, Wells Fargo believes. Meanwhile, the firm said its merchandise margins should increase in 2015, as it is offering smaller discounts than in the past. Barclays, which has an Overweight rating and $55 target, also wrote yesterday that the company's Q3 results could be a positive turning point for shares. Although Barclays analyst Matthew McClintock expects the company to report Q3 earnings per share of 38c, in-line with the consensus estimate, he believes that the company's comparative sales rose 1.8% last quarter, versus the same period a year earlier. If lululemon reports a 1.8% comp increase, it would mark the first time since the second quarter of 2013 that its comparative sales growth accelerated compared with the previous quarter, the analyst noted. In November, Sterne Agee downgraded lululemon to Neutral from Buy, as it believes that the company's brand has been damaged, causing many customers to leave, while its competition has become stronger. At the time of its downgrade on November 14, Sterne Agee had a price target of $39 on the stock. PRICE ACTION: Over the last three months, lululemon shares are up almost 25%. Year-to-date, shares are down nearly 20%. In afternoon trading ahead of tomorrow's earnings report, shares are down 1.25% to $47.13.
10:00 EDTAALOn The Fly: Analyst Upgrade Summary
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09:23 EDTAALOn The Fly: Pre-market Movers
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08:52 EDTAALBoeing delivery of first 787 to American delayed again, Dallas News reports
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06:00 EDTAALBarclays upgrades United, American amid lower oil prices
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05:39 EDTAALUnited Continental upgraded to Overweight from Underweight at Barclays
Barclays upgraded United Continental (UAL) two notches to Overweight from Underweight citing the benefits from lower oil prices. The firm raised its price target for shares to $76 from $52. The airliner closed yesterday down $1.73 to $62.52. Barclays also upgraded American Airlines (AAL) this morning to Overweight. Its top picks in the space are Spirit Airlines (SAVE), then American and United, followed by Delta Air Lines (DAL) and Southwest (LUV). It now has Overweight ratings on all four major U.S. airlines.
05:34 EDTAALAmerican Airlines upgraded to Overweight from Equal Weight at Barclays
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December 9, 2014
11:43 EDTLULUlululemon advances after Wells upgrade, upbeat Barclays note
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10:28 EDTLULUlululemon trades up in down tape, levels to watch
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10:23 EDTLULUOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Eagle (AEO) upgraded to Outperform from Perform at Oppenheimer... Concho Resources (CXO) upgraded to Outperform from Neutral at Macquarie... Hanmi Financial (HAFC) upgraded to Outperform from Market Perform at FBR Capital... LHC Group (LHCG) upgraded to Outperform from Underperform at Credit Suisse... Lincoln Electric (LECO) upgraded to Buy from Neutral at Longbow... Northeast Utilities (NU) upgraded to Outperform from Neutral at Macquarie... SM Energy (SM) upgraded to Outperform from Neutral at Macquarie... Volcano (VOLC) upgraded at Needham... Wells Fargo sees fewer distractions for lululemon (LULU), upgrades shares... Xcel Energy (XEL) upgraded to Outperform from Neutral at Macquarie... lululemon (LULU) upgraded to Outperform from Market Perform at Wells Fargo.
07:44 EDTLULULululemon Athletica volatility elevated into Q3 and outlook
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07:30 EDTLULUWells Fargo sees fewer distractions for lululemon, upgrades shares
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07:09 EDTLULUlululemon's Q3 results could mark an inflection point, says Barclays
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05:41 EDTLULUlululemon upgraded to Outperform from Market Perform at Wells Fargo
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December 8, 2014
08:04 EDTAALAmerican Airlines reports November revenue passenger miles down 0.5% to 16.2B
American Airlines's total revenue passenger miles for the month were 16.2B, down 0.5% versus November 2013. Total capacity was 20.8B available seat miles, up 0.9% versus November 2013. Total passenger load factor was 77.7% for the month of November, down 1.1 points versus November 2013. The company expects its fourth quarter consolidated passenger revenue per available seat mile to be approximately down one percent to up 1%. In addition, the company continues to expect its fourth quarter pretax margin excluding special charges to be approximately 10%-12%.
06:12 EDTLULUStocks with implied volatility above IV index mean; LULU ACHN
Stocks with implied volatility above IV index mean; lululemon (LULU) 53, Achillion (ACHN) 216 according to iVolatility.
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