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Stock Market & Financial Investment News

News Breaks
May 28, 2014
10:00 EDTNLS, LYV, LOW, DG, VOD, HSH, ACUROn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Acura Pharma (ACUR) downgraded to Hold from Buy at MLV & Co.... Dollar General (DG) downgraded to Hold from Buy at Deutsche Bank... Hillshire Brands (HSH) downgraded to Market Perform from Outperform at BMO Capital... Live Nation (LYV) downgraded at Sterne Agee... Lowe's (LOW) downgraded at Canaccord... Nautilus (NLS) downgraded to Neutral from Buy at B. Riley... Vodafone (VOD) downgraded to Hold from Buy at Berenberg.
News For ACUR;DG;LYV;HSH;LOW;NLS;VOD From The Last 14 Days
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May 20, 2015
07:53 EDTLOWLowe's weakness a buying opportunity, says Baird
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06:05 EDTLOWLowe's sees FY15 EPS about $3.29, consensus $3.31
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06:03 EDTLOWLowe's reports Q1 SSS up 5.3%
06:02 EDTLOWLowe's reports Q1 EPS 70c, consensus 74c
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May 19, 2015
15:26 EDTVODLiberty Global chairman calls Vodafone 'great fit' for company, Bloomberg says
In a Bloomberg telephone interview, Liberty Global (LBTYA) chairman John Malone said he believes a combination with Vodafone (VOD) would be a "great fit" for Liberty's western European operations. "There would be very substantial synergies if we could find a way to work together or combine the companies with respect to western Europe," said Malone, who emphasized potential synergies in the U.K., Germany, and the Netherlands. "The principal barrier to us... [is that Vodafone's] philosophy is low leverage, low risk and high cash payout to their shareholders. I prefer to grow equity value," remarked Malone, cautioning that "Iím talking philosophically here... Iím not making an offer to anybody." The chairman also specified that Liberty "would buy" -- as phrased by Bloomberg -- mobile operators in countries such as the Netherlands, where its presence is sufficiently large. Reference Link
15:00 EDTLOWNotable companies reporting before tomorrow's open
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15:00 EDTVODMalone: Liberty makes 'great fit' with Vodafone in West Europe, Bloomberg says
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14:48 EDTLOWLowe's June 72.5 straddle priced for 5.5% movement into Q1
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14:34 EDTLOWLowe's volatility elevated into Q1 and outlook
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13:04 EDTLOWEarnings Watch: Lowe's sees FY15 EPS $3.29, strongest comps of year in Q1
Lowe's Companies (LOW), a home improvement retailer, is scheduled to report on its first quarter before the market open on Wednesday, May 20, with a conference call scheduled for 9:00 am ET. EXPECTATIONS: Analysts are looking for earnings per share of 74c on revenue of $14.27B, according to First Call. The consensus range for EPS is 69c-80c on revenue of $13.97B-$14.52B. LAST QUARTER: Lowe's reported fourth quarter EPS of 46c on revenue of $12.54B, beating analyst's estimates of 44c and $12.31B, respectively. The company also reported Q4 same-store sales rose 7.3%, with U.S. comparable sales up 7.4%. The company forecast fiscal year 2015 EPS $3.29 against estimates at that time for $3.28 and said it expects revenue up 4.5%-5% in the fiscal year compared to last. Lowe's also forecast FY15 SSS up 4%-4.5% and said it expects to report the highest comp for FY15 in Q1. On its earnings conference call, the company said it expects higher comps in the first half of 2015 than the second half. The company said it expects jobs, incomes and household financial conditions to improve in 2015. NEWS: During the quarter, Lowe's announced a new $5B share repurchase program, which has no expiration date and adds to the previous program's balance, which was $2.4B at January 30. Seeking Alpha contributor Xuhua Zhou, described as a hedge fund analyst, recently wrote in a blog post that "research confirms Lowe's is guilty of formaldehyde noncompliance in sourcing laminate flooring from China." The Consumer Products Safety Commission and Environmental Protection Agency should include Lowe's products in their safety testing of Lumber Liquidators' (LL) wood, the writer believes. A Lowe's spokesperson told Bloomberg that the Tescun flooring is being removed from stores. Lowe's Canada recently reached an agreement to acquire the leases of 13 former Target (TGT) Canada Locations and will buy Target's Milton, Ontario distribution center for approximately C$151M. STREET RESEARCH: On the day after its last earnings report, UBS raised its price target on Lowe's to $83 from $75, citing the company's big ticket comp growth, the improving economy and pent up demand from consumers putting projects on hold since the downturn. Argus also raised its price target, to $82 from $70, and said its confidence in the company's ability to generate profitable growth has increased. In March, Oppenheimer raised its price target on Lowe's to $85 from $77 and said the stock has a number of positive catalysts, including solid U.S. consumer spending trends, significant slack in the U.S, housing recovery, improving market sentiment and investors' interest in domestic plays as the dollar strengthens. BofA/Merrill said the home improvement space is one of the more attractive areas within retail and recommends buying Lowe's. The firm remains positive on the company's earnings growth and lack of negative catalysts. PRICE ACTION: Over the last three months, Lowe's shares are up nearly 1%. In early afternoon trading ahead of Wednesday's report, Lowe's is fractionally lower at $72.77.
05:53 EDTVODVodafone seen increasing signs of stabilization in Europe
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05:52 EDTVODVodafone sees FY16 EBITDA GBP 11.5B- GBP 12B
Sees FY16 positive free cash flow after all CapEx, before M&A, spectrum and restructuring costs. Sees FY16 CapEx GBP 8.5B-GBP 9B. The company says it intends to grow dividends per share annually.
05:51 EDTVODVodafone reports 4G customers reach 20.2M in 18 markets
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05:51 EDTVODVodafone reports FY15 Group revenue GBP 42.2B
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May 18, 2015
05:56 EDTVODStocks with implied volatility above IV index mean; VOD ALTR
Stocks with implied volatility above IV index mean; Vodafone (VOD) 24, Altera (ALTR) 73 according to iVolatility.
May 15, 2015
17:33 EDTDGPoint72 Asset Management gives quarterly update on stakes
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10:34 EDTVODOptions with increasing implied volatility
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09:03 EDTLOWBofA/Merrill says to buy Home Depot, Lowe's and Whirlpool
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08:46 EDTVODMobile operators ad blocking plan sets up fight with Google, FT reports
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07:09 EDTVODHayman Capital gives quarterly update on stakes
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