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Stock Market & Financial Investment News

News Breaks
August 21, 2014
10:14 EDTPLAB, IFNNY, AEO, LAZ, DTSI, ROSE, IRF, CRHOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Eagle (AEO) upgraded to Buy from Neutral at Janney Capital... CRH Plc. (CRH) upgraded to Market Perform from Underperform at Bernstein... DTS, Inc. (DTSI) upgraded to Outperform from Market Perform at Barrington... Infineon (IFNNY) upgraded to Outperform from Market Perform at Bernstein... International Rectifier (IRF) upgraded to Neutral from Sell at Goldman... Lazard (LAZ) upgraded at Buckingham... Phototronics (PLAB) upgraded to Buy from Hold at Needham... Rosetta Resources (ROSE) upgraded to Accumulate from Hold at KLR Group.
News For AEO;CRH;DTSI;IFNNY;IRF;LAZ;PLAB;ROSE From The Last 14 Days
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May 19, 2015
15:00 EDTAEONotable companies reporting before tomorrow's open
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09:48 EDTROSERosetta Resources downgraded to Neutral from Accumulate at Global Hunter
08:46 EDTPLABPhototronics says 2015 looks 'progressively stronger'
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08:34 EDTPLABPhototronics sees FY15 CapEx $110M
Sees FY15 taxes $9M-$11M. Expects EBITDA to grow in 2015. Expects top- and bottom-line improvement in 2015.
08:33 EDTPLABPhototronics sees Q3 EPS 6c-13c, consensus 12c
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08:00 EDTAEOAmerican Eagle announces license agreements in South Korea, Singapore, Greece
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07:44 EDTROSECowen sees energy M&A focusing on accretive deals from non-core assets
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May 18, 2015
20:16 EDTAEOUrban Outfitters down over 16% after disappointing Q1 results
Urban Oufitters (URBN) is down sharply after reporting first quarter earnings per share and revenue that missed analyst estimates. WHAT'S NEW: Urban Oufitters reported Q1 EPS of 25c on revenue of $739.01M, below consensus expectations of 30c and $758.25M, respectively. Urban Outfitters also reported Q1 comparable retail segment net sales up 4%, with Q1 retail segment net sales increasing 17% at Free People, 5% at Urban Outfitters, and 1% at the Anthropologie Group. Wholesale segment net sales rose 18%. WHAT'S NOTABLE: On its Q1 earnings conference call, Urban Outfitters announced that Urban Outfitters Group CEO Ted Marlow, who oversaw the direction of the namesake brand, would retire at the end of August. While Urban Outfitters did not provide guidance, Urban Outfitters Anthropologie Group CEO David McCreight commented on the Anthropologie brand, "We're expecting we could see Q2 shaping up like Q1 in terms of low single-digit comps. We could also see being in the low-mid-single digit comps. It's hard to tell at this point." ANALYST REACTION: Two analyst firms lowered their respective price targets on Urban Outfitters following the company's earnings report. Sterne Agee, which rates Urban Outfitters a Neutral, lowered its 12-month price target to $34 from $46, noting the company has had trouble getting both its Urban Outfitters and Anthropologie brands to perform at the same time. Cantor, which maintained its Buy rating, lowered its price target to $53 from $54, saying that Anthropologie sales disappointed, but noting that a "later catalog release appears to us to have pushed some sales at Anthropologie into May." PRICE ACTION: Urban Outfitters fell 16.4% to just over $34 in after-hours trading. PEERS: Other publicly traded companies in the space include Abercrombie & Fitch (ANF), American Eagle (AEO), Five Below (FIVE), Pacific Sunwear (PSUN), and Zumiez (ZUMZ).
16:33 EDTPLABPhototronics reports Q2 EPS 14c, consensus 10c
Reports Q2 revenue $127.3M, consensus $126.95M. Diluted EPS of 14c includes 2c related to the reduction of foreign tax net operating loss valuation allowance.
15:00 EDTPLABNotable companies reporting after market close
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12:01 EDTAEOAmerican Eagle management to meet with Guggenheim
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10:10 EDTLAZHigh option volume stocks
High option volume stocks: ASNA LAZ GTI CBRL ANN ISSI ANET HTS URBN LVLT
09:49 EDTLAZEquity options with increasing volume
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07:40 EDTDTSIDTS, Inc. recent weakness a buying opportunity, says Cowen
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May 15, 2015
17:07 EDTLAZTrian Fund gives quarterly update on stakes
NEW STAKES: None. INCREASED STAKES: PepsiCo (PEP), Mondelez (MDLZ), Bank of New York Mellon Group (BK), and Du Pont (DD). DECREASED STAKES: Family Dollar (FDO), and Ingersoll-Rand (IR). LIQUIDATED STAKES: Lazard (LAZ).
16:21 EDTROSEStocks end week little changed as data, deals offset bond yield jumps
Stocks ended the week little changed as a number of M&A deals and a few relatively strong economic data points offset worries about rising bond yields. MACRO NEWS: U.S. weekly jobless claims came in better than expected and reached the lowest four-week average level in 15 years... In Europe, the combined GDP of the 19 eurozone countries grew 0.4% in the first quarter, which was a bit weaker than the 0.5% consensus growth forecast but a pickup from the 0.3% growth pace of the final quarter of last year. Of note, all four of the euro zone's largest economies recorded growth in the same quarter for the first time since the first half of 2010... The People's Bank of China reduced its one year interest rate by 0.25%, marking the third time in the last six months that the central bank has cut benchmark rates... Bond yields surged in many of the world's largest economies, raising worries about inflation and putting pressure on stocks in the beginning of the week. COMPANY NEWS: There was a significant amount of M&A activity again this week, with the headliner being Verizon's (VZ) deal to acquire AOL (AOL) for $50 per share in a transaction valued at $4.4B. Danaher (DHR) agreed to buy purification technologies supplier Pall Corporation (PLL) for $127.20 per share in cash. Danaher also announced that it plans to split itself into two publicly traded companies. Energy infrastructure company Williams (WMB) announced a simplification deal to buy its affiliate Williams Partners (WPZ) for $13.9B in an all-stock transaction. Energy exploration company Noble Energy (NBL) agreed to acquire Rosetta Resources (ROSE) in an all-stock deal. Noble is buying Rosetta for $2.1B in stock plus the assumption of Rosetta's net debt of $1.8B... Alibaba (BABA) acquired a 9.3% stake in Zulily (ZU), an e-commerce retailer geared toward women. A person familiar with the matter reportedly told the Wall Street Journal that the Chinese e-commerce giant is not pursuing an outright acquisition of the U.S. company, however... Shares of Netflix (NFLX) jumped Friday and hit a new all-time high after Bloomberg reported that the company is in talks with Wasu Media, a Chinese media company backed by Alibaba Executive Chairman Jack Ma, about forming a partnership to bring its content to China... Nelson Peltz's Trian Fund Management lost its proxy fight with DuPont (DD) as Trian did not succeed in getting its nominees elected to the DuPont board. INDEXES: For the week, the Dow rose 0.45% to 18,272.56, the Nasdaq gained 0.89% to 5,048.29, and the S&P 500 climbed 0.31% to 2,122.73.
08:24 EDTAEOAmerican Eagle, Express should be bought ahead of results, says BMO Capital
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07:41 EDTAEOAmerican Eagle volatility elevated into Q1 and outlook
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May 13, 2015
10:01 EDTAEOOn The Fly: Analyst Upgrade Summary
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06:08 EDTAEOAmerican Eagle upgraded to Outperform from Market Perform at Cowen
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