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June 18, 2014
09:12 EDTECYT, AMZN, BBRY, APD, ETRM, CAG, FDX, ROC, SPWR, LZB, INSM, ADBE, NMBLOn The Fly: Pre-market Movers
HIGHER: Adobe (ADBE), up 8.4% after reporting better than expected quarterly results... FedEx (FDX), up 3.6% after Q4 results beat analysts' consensus... Insmed (INSM), up 28% after FDA grants breakthrough therapy designation to Arikayce, which Piper Jaffray views as a "game changer" for the company... EnteroMedics (ETRM), up 16.5% after favorable FDA ruling on safety of VBLOC weight loss device... Air Products (APD), up 6.2% after naming Seifi Ghasemi, formerly of Rockwood Holdings (ROC), as its new CEO... BlackBerry (BBRY), up 4.4% after announcing Amazon (AMZN) Appstore available on BlackBerry 10 phones... Nimble Storage (NMBL), up 4.7% after shares upgraded at Morgan Stanley... Walgreens (WAG), up 2.3% following upgrade at Barclays. LOWER: Endocyte (ECYT), down 15% after announcing that Merck (MRK) will no longer pursue development of vintafolide... La-Z-Boy (LZB), down 11% after missing revenue expectations... ConAgra (CAG), down 5% after warning that it now sees Q4 comparable EPS below its prior expectations... SunPower (SPWR), down 1% following downgrade at JPMorgan.
News For ADBE;FDX;BBRY;INSM;CAG;AMZN;LZB;ETRM;ECYT;SPWR;APD;NMBL;ROC From The Last 14 Days
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November 13, 2014
08:41 EDTSPWRSunPower sees FY15 adjusted EPS $1.10-$1.50, consensus $1.31
Sees FY15 non-GAAP revenue $2.4B-$2.6B, consensus $2.80B. Sees FY15 GAAP revenue $2.4B-$2.6B. Sees FY15 gross margin 21%-23%. Sees Fy15 CapEx $300M-$350M.
06:20 EDTAMZNAmazon's Web-services chief not threatened by cash threat from rivals, WSJ says
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November 12, 2014
16:00 EDTAMZNOptions Update; November 12, 2014
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13:47 EDTAMZNEarnings Preview: Wal-Mart sees FY15 net sales up 2%-3% vs. last year
Wal-Mart Stores (WMT) is scheduled to report third quarter earnings before the market open on Thursday, November 13, with a conference call scheduled for 7:00 am ET. Wal-Mart, a member of the Dow Jones Industrial Average, operates retail stores in various formats under 69 different banners in 27 countries with its "everyday low price" philosophy. EXPECTATIONS: Analysts are looking for earnings per share of $1.12 on revenue of $118.35B, according to First Call. The consensus range for EPS is $1.08-$1.17 on revenue of $115.17B-$119.67B. LAST QUARTER: Wal-Mart reported second quarter EPS of $1.21, in line with estimates, on revenue of $119.3B, against estimates of $119B. Walmart U.S. comp sales were flat for the 13-week period ended August 1, and U.S. net sales increased $1.9B, or 2.7%, to over $70B. Currency exchange rate fluctuations negatively impacted net sales by approximately $700M, the company said. Wal-Mart forecast Q3 EPS of $1.10-$1.20, with U.S. comp store sales relatively flat and Sam's Club comp sales, excluding fuel, slightly positive. and increased investments in Sam's Club membership programs. The company lowered its fiscal year 2015 EPS view to $4.90-$5.15 from $5.10-$5.45, against estimates at that time of $5.15. The new full year guidance reflects incremental investments in e-commerce and higher U.S. health-care costs than previously anticipated. The annual effective tax rate is projected to be between 32%-34%. NEWS: On its Q2 earnings conference call, Wal-Mart lowered its FY15 e-commerce sales growth forecast to 25%. In mid-October, Wal-Mart said that as a result of a tougher sales environment than it anticipated a year ago, it now expects to grow net sales for FY15 between 2%-3% on last year’s $473.1B. The company indicated in February that it expected net sales growth to be at the low end of its guidance provided last October of 3%-5%. The company sees fiscal year 2016 net sales growth of 2%-4%, or approximately $10B-$20B of net sales growth. The company said FY16 operating expenses will grow at a rate "somewhat faster" than sales growth and operating income will be flat to slightly down. Chief Executive Officer Doug McMillon said the company will invest less in stores and more in e-commerce. Wal-Mart sees FY15 capital investments of $12.5B-$13B and FY16 capital investments $11.6B-$12.9B. Wal-Mart also sees FY16 e-commerce and digital spending of $1.2B-$1.5B. Ahead of a holiday shopping season that may be fiercely promotional, Wal-Mart is testing a program to match online prices from rivals including Amazon.com (AMZN), reported the Wall Street Journal. The company announced the "New Black Friday" will include five days of deals. STREET RESEARCH: Cleveland Research said Wal-Mart's trends softened in September and October following a strong August driven by soft traffic and less promotional activity. The firm believes Wal-Mart is positioned to maintain share during the holidays, but sees "growing caution" on the consumer spending outlook. Baird said expectations for Wal-Mart appear to be muted into the Q3 report. The firm believes sales may remain lackluster and margins may slip in the near-term, but sees international as an opportunity. During the quarter, shares were initiated with a Neutral rating at Sterne Agee. PRICE ACTION: Wal-Mart shares are up 6.9% over the last three months but are only up 0.8% year-to-date. In early afternoon trading, Wal-Mart shares are up 0.4% to $79.35.
13:41 EDTCAGConAgra calls active as shares near 13-month high
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12:55 EDTAMZNAmazon to expand its R&D in Cambridge, UK, TechCrunch reports
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12:00 EDTBBRYBlackBerry to host investor day
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09:37 EDTAMZNActive equity options trading
Active equity options trading according to Track Data: AAPL CLSN TWTR BABA NFLX TSLA AMZN CSIQ C
07:05 EDTETRMEnteroMedics reports Q3 EPS (8c), consensus (10c)
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06:35 EDTSPWRU.S., China reach carbon emissions deal, NY Times says
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November 11, 2014
16:01 EDTAMZNOptions Update; November 11, 2014
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09:37 EDTAMZNeBay October SSS up 4.4%, Amazon SSS up 32.4%, ChannelAdvisor says
ChannelAdvisor released October same-store sales data for eBay (EBAY) and Amazon (AMZN) in a blog post. The research company reported eBay's October SSS growth came in at 4.4%, down from September's 8.9% and below the e-commerce growth rate of about 15% reported by ComScore. Amazon's October SSS growth came in at 32.4%, which was a decrease compared to August's 37.9% rate, ChannelAdvisor stated. Reference Link
06:03 EDTAMZNQ4 global tablet shipments estimated at 74.5M units, DigiTimes reports
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November 10, 2014
15:57 EDTADBEWorldwide Business Research to hold a conference
ProcureCon for Digital & Marketing Services 2014 is being held in San Antonio on November 11-13.
15:53 EDTECYTCredit Suisse to hold a conference
Healthcare Conference is being held in Scottsdale, Arizona on November 10-13 with webcasted company presentations to begin on November 11 at 10:30 am; not all company presentations may be webcasted. Webcast Link
15:51 EDTAPDMorgan Stanley to hold a conference
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15:44 EDTAMZNAmazon Web Services to hold a conference
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08:26 EDTBBRYBlackBerry CEO meets with Lenovo, seeks partnerships in China, Bloomberg reports
BlackBerry (BBRY) CEO John Chen acknowledged meeting with the heads of Xiaomi and Lenovo (LNVGY) and said his company's strengths in security, encryption and privacy may present opportunities for agreements on technology licensing, distribution or manufacturing in China, reported Bloomberg, citing an interview with Chen at the Asia-Pacific Economic Cooperation CEO Summit. Reference Link
07:12 EDTFDXCA Technologies to hold a conference
CA World 2014 is being held in Las Vegas on November 9-12.
November 9, 2014
17:49 EDTBBRYBlackBerry plans few devices as it focuses on profitability, Reuters says
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