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Stock Market & Financial Investment News

News Breaks
October 10, 2012
10:10 EDTUSB, SKYW, HD, FITB, VIA, ZNGA, SAP, GPI, FOE, QCOM, TYC, NSM, GCO, AEOOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Eagle (AEO) downgraded to Neutral from Overweight at Piper Jaffray... Ferro (FOE) downgraded to Underperform from Neutral at Longbow... Fifth Third Bancorp (FITB) downgraded to Neutral from Buy at BofA/Merrill... Genesco (GCO) downgraded to Neutral from Overweight at Piper Jaffray... Group 1 Automotive (GPI) downgraded to Neutral from Buy at Sterne Agee... Home Depot (HD) downgraded to Perform from Outperform at Oppenheimer... Nationstar (NSM) downgraded to Market Perform from Outperform at Keefe Bruyette... SAP (SAP) downgraded to Equal Weight from Overweight at Barclays... Sky West (SKYW) downgraded to Underperform from Neutral at BofA/Merrill... Tyco (TYC) downgraded to Neutral from Outperform at Credit Suisse... U.S. Bancorp (USB) downgraded to Neutral from Buy at BofA/Merrill... Zynga (ZNGA) downgraded to Neutral from Overweight at Piper Jaffray... Booz Allen (BAH) downgraded to Sell from Neutral at Lazard Capital... Qualcomm (QCOM) downgraded to Neutral from Buy at DA Davidson... Viacom (VIA) downgraded to Underperform from Market Perform at Bernstein.
News For AEO;FOE;FITB;GCO;GPI;HD;NSM;SAP;SKYW;TYC;ZNGA;USB;QCOM;VIA From The Last 14 Days
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May 18, 2015
15:00 EDTHDNotable companies reporting before tomorrow's open
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13:49 EDTHDEarnings Watch: Home Depot sees FY15 EPS $5.11-$5.17, revenue growth 3.5%-4.7%
Home Depot (HD), a home improvement retailer, is scheduled to report first quarter results before the market opens on Tuesday, May 19, with a conference call scheduled for 9:00 am ET. EXPECTATIONS: Analysts are looking for earnings per share of $1.15 on revenue of $20.82B, according to First Call. The consensus range for EPS is $1.12-$1.19 on revenue of $20.47B-$21.26B. LAST QUARTER: Home Depot reported fourth quarter adjusted EPS of $1.00 on revenue of $19.16B, beating analysts' consensus estimates for 89c and $18.7B, respectively. The company said same-store sales increased 7.9%, with U.S. SSS up 8.9%. The company forecast fiscal year 2015 EPS of $5.11-$5.17 on revenue growth of 3.5%-4.7%, against estimates at that time for $5.23 and $86.46B, respectively. Home Depot also guided to FY15 SSS growth of 3.3%-4.5% and said it expected FY15 gross margin to be flat, with a tax rate of approximately 37%. Capital expenditures for FY15 were foreseen at $1.6B, with cash flow from business at $9B. In addition to reporting better than expected Q4 earnings, Home Depot also announced an $18B share repurchase program and increased its quarterly dividend by 26% to 59c. NEWS: On its Q4 earnings conference call, Home Depot said it expected moderate GDP growth and housing recovery to drive growth in 2015. The company noted that if foreign currency rates continued as they were in February, sales in 2015 could be negatively impacted by $1B. At March's Raymond James conference, Home Depot backed its guidance for FY15. The company also said it sees FY15 operating margin approximately 60bps to greater than 13%. The company plans to open six new stores in FY15, including five stores in Mexico and one in Canada. The retailer is targeting FY15 share repurchases of $4.5B. On May 5, MacRumors reported that Home Depot may begin phasing out support for Apple Pay (AAPL) at its retail stores. Point72 Asset Management announced that it liquidated its stake during the quarter. STREET RESEARCH: In March, Oppenheimer said it believes that Home Depot 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. The firm raised its price target to $133 from $115 and kept an Outperform rating on the stock. On April 26, Barron's said shares of Home Depot could rise towards $124 as the housing market regenerates and demand for renovation grows. BofA/Merrill said the home improvement is one of the more attractive areas within retail and recommended buying Home Depot. During the quarter, Home Depot was initiated with a Hold rating and $108 target at Cantor. PRICE ACTION: Over the last three months, Home Depot shares are up over 1.5%. Ahead of Tuesday's earnings, Home Depot is fractionally higher at $113.77.
12:01 EDTAEOAmerican Eagle management to meet with Guggenheim
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11:09 EDTHDHome Depot May weekly volatility elevated into Q1 and outlook
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10:37 EDTZNGAFacebook ramps up interest in games, The Information reports
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07:27 EDTVIAJPMorgan to hold a conference
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May 15, 2015
17:33 EDTHD, QCOMPoint72 Asset Management gives quarterly update on stakes
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16:32 EDTUSBBerkshire Hathaway gives quarterly update on stakes
NEW STAKES: None. INCREASED STAKES: IBM (IBM), Precision Castparts (PCP), Wells Fargo (WFC), Phillips 66 (PSX), and US Bancorp (USB). DECREASED STAKES: National Oilwell Varco (NOV), Viacom (VIAB), Bank of New York Mellon (BK), MasterCard (MA), and Visa (V). LIQUIDATED STAKES: None.
10:55 EDTQCOMJANA Partners gives quarterly update on stakes
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09:03 EDTHDBofA/Merrill says to buy Home Depot, Lowe's and Whirlpool
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09:03 EDTUSBU.S. Bank, REI renew mutli-year contract
U.S. Bank (USB) announces the long-term renewal of its co-brand partnership with REI and the launch of the new REI World MasterCard. Under the agreement, the new REI co-branded credit cards will offer members more opportunities to earn through everyday purchases. The card portfolio will be converted to MasterCard (MA) with EMV chip-card technology, better protecting members from card-present counterfeit fraud.
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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07:09 EDTNSMHayman Capital gives quarterly update on stakes
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May 14, 2015
11:05 EDTQCOMQualcomm expands industry collaboration to grow Internet of Everything
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06:43 EDTGCOGenesco results could miss estimates 'considerably,' says Piper Jaffray
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06:01 EDTVIAMTV Networks COO Rich Eigendorff leaving company, NY Post reports
MTV Networks COO Rich Eigendorff is leaving the company, sources tell The New York Post. MTV parent Viacom began letting senior executives go several months ago as part of a restructuring effort. Eigendorff is said to be retiring from the company, one source says. Reference Link
May 13, 2015
10:01 EDTAEOOn The Fly: Analyst Upgrade Summary
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07:34 EDTQCOMEdX and Qualcomm collaborate to build next-generation mobile learning experience
EdX and Qualcomm Education, a subsidiary of Qualcomm, announced a collaboration to further develop edX's MOOC mobile capabilities and enhance its open source platform to benefit connected learners around the world. As part of the collaboration, Qualcomm Education will contribute engineering resources and will license elements of its SDK code, which edX will distribute to the Open edX community.
06:08 EDTAEOAmerican Eagle upgraded to Outperform from Market Perform at Cowen
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