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Stock Market & Financial Investment News

News Breaks
November 16, 2012
10:07 EDTXSRAY, CCE, AEO, DRYS, JBLU, TZYM, FTROn The Fly: Analysts Downgrade Summary
Today's noteworthy downgrades include: American Eagle (AEO) downgraded to Market Perform from Outperform at BMO Capital...Frontier Communications (FTR) downgraded to Sell from Neutral at Goldman...JetBlue (JBLU) downgraded to Sell from Neutral at Goldman...Coca-Cola Enterprises (CCE) downgraded to Underperform from Outperform at CLSA...Tranzyme (TZYM) downgraded to Hold from Buy at Canaccord and to Market Perform from Outperform at BMO Capital...DryShips (DRYS) downgraded to Neutral from Buy at Global Hunter...Xstrata (XSRAY) downgraded to Sector Perform from Outperform at RBC Capital.
News For AEO;FTR;JBLU;CCE;TZYM;DRYS;XSRAY From The Last 14 Days
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May 20, 2015
09:25 EDTAEOOn The Fly: Pre-market Movers
UP AFTER EARNINGS: American Eagle Outfitters (AEO), up 8.6%... Computer Sciences (CSC), up 4.1%. ALSO HIGHER: Sarepta Therapeutics (SRPT), up 44.5% after announcing plans for rolling eteplirsen NDA... Genocea Biosciences (GNCA), up 22.5% after GEN-003 Phase 2 trial met primary endpoint... IsoRay (ISR), up 31.7% after Cesium-131 reports 96% success in local control and 100% survival in 5 years... AVEO Pharmaceuticals (AVEO), up 15.7% after presenting results of extension study 902 and gets FDA feedback for tivozanib... Pep Boys (PBY), up 12.5% following reports that potential buyer have approached the company about a possible takeover. DOWN AFTER EARNINGS: Etsy (ETSY), down 19.5%... China Distance Education (DL), down 7.7%... Keysight Technologies (KEYS), down 5.7%.... Lowe's (LOW), down 5.2%. ALSO LOWER: Lpath (LPTN), down 75.6% after announcing that it will undergo corporate restructuring... Achillion Pharmaceuticals (ACHN), down 10.1% following collaboration for HCV with Janssen... El Pollo LoCo (LOCO), down 3.5% after 6M share Block Trade priced at $22.25... Cimarex Energy (XEC), down 3.3% after 6M share Spot Secondary priced at $109.00.
08:02 EDTAEOAmerican Eagle sees Q2 EPS 11c-14c, consensus 11c
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08:01 EDTAEOAmerican Eagle reports Q1 EPS 15c, consensus 12c
Reports Q1 revenue $699.5M, consensus $692.32M. Consolidated comparable sales increased 7%, compared to a 10% decrease last year.
May 19, 2015
15:40 EDTAEOAmerican Eagle volatility elevated into Q1 and outlook
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15:29 EDTAEOAmerican Eagle technical comments before earnings
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15:00 EDTAEONotable companies reporting before tomorrow's open
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08:00 EDTAEOAmerican Eagle announces license agreements in South Korea, Singapore, Greece
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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).
12:01 EDTAEOAmerican Eagle management to meet with Guggenheim
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09:04 EDTDRYSDryShips announces contract extension, new contract for Ocean Rig Olympia
DryShips (DRYS), through its majority owned subsidiary, Ocean Rig UDW (ORIG) of off-shore deepwater drilling services, announced that in connection with the previously announced Omnibus Agreement with ENI Angola S.p.A, all closing conditions including approvals by national authorities and signing of definitive documentation have been satisfied. As a result Ocean Rig has extended the contract for the drillship Ocean Rig Poseidon for a further one year until 2Q17 with total contract backlog now standing at about $367M. In addition, Ocean Rig has entered into a new contract for the drillship Ocean Rig Olympia to drill offshore Angola commencing in Q3 for a minimum of 8 months with a total contract backlog of about $91M.
06:09 EDTJBLUTrade group sees airlines carrying record passenger loads this summer, WSJ says
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May 15, 2015
16:28 EDTJBLUAppaloosa Management gives quarterly update on stakes
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10:34 EDTFTROptions with increasing implied volatility
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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 14, 2015
10:01 EDTJBLUJetBlue to launch new service to Ecuador in early 2016
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06:14 EDTJBLUQatar Airways CEO accuse US airlines of using 'bullying tactics', Bloomberg says
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May 13, 2015
10:01 EDTAEOOn The Fly: Analyst Upgrade Summary
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07:13 EDTJBLUBofA/Merrill to hold a conference
2015 Transportation Conference is being held in Boston on May 13-14.
06:08 EDTAEOAmerican Eagle upgraded to Outperform from Market Perform at Cowen
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