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Stock Market & Financial Investment News

News For AAPL;VRNT;NICE;CMVT;HWD;SWGAY;RIG;DNDN;UPS;TNTEY;HGG;VRA From The Last 14 Days
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September 2, 2015
11:51 EDTAAPLNew Apple TV to lack suport for 4K video streaming, 9to5Mac reports
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11:07 EDTVRAVera Bradley surges on better-than-expected Q2 earnings, upbeat FY16 view
Shares of Vera Bradley (VRA) surged in morning trading after the company reported better-than-expected second quarter results and raised its outlook for fiscal year 2016. Vera Bradley is a designer of women's handbags, accessories, luggage and travel items and eyewear. WHAT'S NEW: Vera Bradley reported Q2 earnings per share from continuing operations of 15c on revenue of $120.7M, beating analysts' expectations of 11c and $114.99M, respectively. Same-store sales decreased 15% for the quarter, though Robert Wallstrom, the company's chief executive officer, said that the company's comparable sales trend began to improve toward the end of the quarter due to new product offerings, improved in-store execution and initial marketing efforts. Looking ahead, Vera Bradley forecast third quarter EPS from continuing operations of 19c-21c on revenue of $120M-$123M, against analysts' consensus estimates of 15c and $117.2M, respectively. Wallstrom said that the company's turnaround will take time, but noted "meaningful progress" being made, and that Vera Bradley is "confident" in its long-term strategic plan. WHAT'S NOTABLE: Vera Bradley raised its FY16 continuing operations EPS view to 72c-82c from 64c-74c, higher than analysts' expectations of 66c. Additionally, the company's FY16 revenue view was narrowed to $487M-$495M from $480M-$495M, still ahead of analysts' consensus estimates of $481.57M. On its Q2 earnings conference call, Vera Bradley forecast sees Q3 and FY16 same-store sales down in the low double-digit percentage range. The company added that it eliminated hyperpromotions and pared back promotional days in Q2 and noted that it is seeing "green shoots" from its turnaround efforts. Vera Bradley said it sees a decline in hyperpromotional activity in FY16. PRICE ACTION: Vera Bradley shares are up 23.49% to $12.88 in morning trading. OTHERS TO WATCH: Vera Bradley peers include Coach (COH), down 0.54%, Michael Kors (KORS), up 1.92%, and Fossil Group (FOSL), up 0.64%.
10:39 EDTAAPLTime to short Netflix, stock headed 'back to $80,' Citron Research says
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10:19 EDTVRAVera Bradley says seeing 'green shoots' from turnaround efforts
10:10 EDTVRAVera Bradley says expects to open less than 10 stores next year
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09:58 EDTVRAVera Bradley sees Q3, FY16 SSS down in low double digit percentage range
Says company still has a lot of work to do on turnaround. Says will take more time to return business to solid growth, but says gaining traction on efforts and seeing customer retention improve. Says eliminated hyperpromotions, pared back promotional days in Q2. Sees Q3 SSS down in low double digit percentage range including e-commerce, gross margin 56.8%-57.2%. Sees FY16 SSS down in low double digit percentage range, sees continued decline in hyperpromotional activity. Sees FY16 gross margin 56.2%-56.4%. Says taking an "active posture" on expense control. Sees net CapEx $31M for FY16. Sees dependence on cotton further reduced, says consumers "walking away" from cotton. Comments made on the Q2 earnings conference call. Vera Bradley is up 20.71% in morning trading to $12.56.
09:36 EDTAAPLActive equity options trading on open
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09:27 EDTVRAOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Vera Bradley (VRA), up 22.2%. ALSO HIGHER: Synergetics USA (SURG), up 51.7% after announcing that it will be acquired by Valeant (VRX) for $6.50 per share in cash... Loxo Oncology (LOXO), up 6.1% after the FDA grants orphan drug designation to LOXO-101. DOWN AFTER EARNINGS: Ambarella (AMBA), down 6.6% after reporting quarterly results and saying that wearable camera revenue will be lower in the third quarter. ALSO LOWER: GoPro (GPRO), down 5% following Ambarella's guidance announcement.
08:07 EDTVRAVera Bradley sees FY16 continuing ops EPS 72c-78c, consensus 66c
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08:06 EDTVRAVera Bradley sees Q3 continuing ops EPS 19c-21c, consensus 15c
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08:03 EDTVRAVera Bradley reports Q2 EPS 15c, consensus 11c
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07:11 EDTAAPLApple volatility at high end of range into special event on September 9
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06:25 EDTAAPLMotorola expected to announce Moto 360 smartwatch Sept. 8, BI reports
Motorola, part of Lenovo (LNVGY), will announce the new Moto 360 smartwatch on September 8, the day before Apple's (AAPL) event, Business Insider reports, citing a post on Lenovo's Weibo account. The Moto 360 is expected to come in a larger 360L edition and a 360S edition, which could be a sportier version. Reference Link
06:04 EDTAAPLApple receives G/G touch samples for 2106 iPhone, DigiTimes reports
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06:04 EDTAAPLApple recruits talent for 'Project Titan' team, MacRumors reports
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06:03 EDTAAPLPiper's Munster says car from Apple a 50%-60% probability
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06:00 EDTAAPLAndroid Wear for iOS incompatible with HealthKit, BuzzFeed News reports
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05:14 EDTAAPLStocks with implied volatility movement; C AAPL
Stocks with implied volatility movement; Citi (C) 40, Apple (AAPL) 45 according to iVolatility.
September 1, 2015
20:07 EDTAAPLApple original content push included talks with Bill Simmons, Re/code says
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16:26 EDTAAPLOn The Fly: Top stock stories for Tuesday
Stocks began the session deep in negative territory and remained there throughout the session. The weakness was attributed to the release of poor economic data out of China that confirms the world's second largest economy is slowing. There was little help from the day's domestic economic reports, as the construction spending and ISM manufacturing data came out roughly in-line with expectations. The market pared its losses slightly just before the lunch hour, but then the sellers regained control and pushed the averages down further with no sign of a rally prior to the close. ECONOMIC EVENTS: In China, the government's official manufacturing purchasing manager's index fell to 49.7 in August, indicating contraction and marking its worst PMI reading in three years. In the U.S., the Institute for Supply Management's manufacturing index for August came in at 51.1, below the consensus forecast for a reading of 52.5. Markit's manufacturing PMI for last month came in at 53.0 in its final reading, slightly beating expectations for a 52.9 reading. Construction spending rose 0.7% in July, beating/missing expectations for spending to have grown 0.6% in the month. In Europe, the final Eurozone manufacturing PMI for August came in at 52.3, which was a tick down from the flash reading of 52.4 and from July's final 52.4 reading. The EU's statistics agency said the eurozone's unemployment rate fell to 10.9% during July, marking the area's lowest unemployment figure since February 2012. COMPANY NEWS: Ford (F) reported August U.S. sales that it said were its best in nine years, growing its sales by 5% to 234,237 vehicles last month, but its shares slipped 1.08% to $13.72 amid the broader market weakness. General Motors (GM) fell 2.75% to $28.63 after the company reported its U.S. sales slipped 0.7% to 270,480 vehicles in August, while Fiat Chrysler (FCAU) shares slid 3.4% to $13.65 after the company reported its U.S. sales increased 1.7% last month to 201,672 units... Shares of streaming video giant Netflix (NFLX) fell $9.39, or 8.16%, to $105.64 after Variety reported that Apple (AAPL) is exploring an entry into the original programming business and Amazon (AMZN) announced it expanded Prime Video downloads to the iOS and Android platforms. MAJOR MOVERS: Among the notable gainers was drugmaker Trevena (TRVN), which surged 51% to $9.06 after reporting that its study of post-surgery painkiller TRV130 met its primary endpoint. Also higher was Internap (INAP), which gained 12% to $8.93 after disclosing that it is exploring strategic alternatives. Among the noteworthy losers was Penn West (PWE), which declined about 16.5% to 64c after suspending its dividend and announcing plans to cut its global workforce by 35% amid the weak commodity price environment. Also lower were both Westport (WPRT) and Fuel Systems (FSYS), which lost a respective 5.93% and 4.23%, after agreeing to merge and reiterating current revenue outlooks for both companies. Additionally, Dollar Tree (DLTR) fell 9.2% to $69.22 after its pre-market earnings report. Note that in a regulatory filing last night, the company disclosed that it does not plan to pay a dividend following its combination with Family Dollar. INDEXES: The Dow dropped 469.68, or 2.84%, to 16,058.35, the Nasdaq lost 140.40, or 2.94%, to 4,636.10, and the S&P 500 fell 58.33, or 2.96%, to 1,913.85.
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