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Stock Market & Financial Investment News

News Breaks
August 20, 2014
10:31 EDTAEOAmerican Eagle rallies after earnings beat, levels to watch
Shares are up over 7.2% to $12.44 following a beat on earnings. At that price the stock has broken above the top of the trading range in place since April, which was at the $12 area. This range break is bullish for future price trends. Next resistance is at $12.81. Support is at $11.84. The stock needs to hold above $12 on an end of day closing basis for the breakout to be valid.
News For AEO From The Last 14 Days
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March 3, 2015
15:57 EDTAEOBofA/Merrill retail analysts hold an analyst/industry conference call
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15:20 EDTAEONotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include PetSmart (PETM), consensus $1.38... Trina Solar (TSL), consensus 13c... Lexicon Pharmaceuticals (LXRX), consensus (3c)... Abercrombie & Fitch (ANF), consensus $1.15... American Eagle Outfitters (AEO), consensus 34c... E. W. Scripps (SSP), consensus 40c.
14:46 EDTAEOAmerican Eagle technical comments before earnings
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13:32 EDTAEOAmerican Eagle weekly volatility elevated into Q4 and outlook
American Eagle March weekly call option implied volatility is at 89, March is at 52, April is at 44, August is at 35; compared to its 26-week average of 41 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on March 4.
10:22 EDTAEOGoldman sees weakness ahead for specialty apparel retailers
The stocks of specialty apparel retailers could drop sharply as a result of the cold February weather and bottlenecks at West Coast ports, Goldman Sachs wrote in a note to investors today. WHAT'S NEW: The cold February and port delays will probably cause specialty retailers to report lower than expected profits for the first half of 2015, Goldman analyst Lindsay Drucker Mann forecast. As a result of these factors, the inventories of companies in the sector will probably be backed up all the way to Easter, wrote Mann, adding that foreign exchange fluctuations are also likely to weigh on specialty retailers' profits. The analyst cut her rating on PVH Corp. (PVH) two notches to Neutral from Conviction Buy, predicting that the company's profits would take longer to recover than she previously believed. Among specialty retail stocks, Mann is most negative on Abercrombie & Fitch (ANF), Francesca's (FRAN), and Ann Inc. (ANN). She maintained Sell ratings on all three names. The analyst predicted that American Eagle's (AEO) stock could fall further, and maintained a Neutral rating on those shares. WHAT'S NOTABLE: On February 26, Morgan Stanley downgraded Abercrombie & Fitch, citing skepticism about the turnaround prospects of its international business and negative foreign exchange trends. The firm predicted that the company's fiscal 2015 EPS guidance would come in below expectations. However, two firms were recently upbeat on American Eagle, with BMO Capital identifying the company as its favorite name for spring, stating that it expects American Eagle to benefit from the 70s fashion trend. Also, BB&T recently initiated the stock with a Buy rating. PRICE ACTION: In early trading, PVH fell 1.4% to $105.23, Abercrombie & Fitch lost 1.6% to $24, Francesca's declined 2% to $14.62, Ann slid 1.1% to $35.36, and American Eagle lost 1% to $14.80.
05:57 EDTAEOPVH Corp. downgraded to Neutral from Conviction Buy at Goldman
Goldman Sachs downgraded PVH Corp. (PVH) to Neutral from Conviction Buy saying a cold February and port-related product delays in March will push out the company's earnings recovery. Goldman cut its price target for the owner of Calvin Klein and Tommy Hilfiger to $109 from $143. The stock closed Monday up 21c to $106.74. Within the Specialty Apparel space, Goldman is most negative on Abercrombie & Fitch (ANF), Francesca's (FRAN) and Ann Inc. (ANN), and it sees "fresh downside risk" to American Eagle (AEO). It says the weather and port issues could "throw cold water on the Specialty rally."
February 27, 2015
10:12 EDTAEOGap rises after Q4 earnings top forecast, capital return plans announced
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February 24, 2015
12:22 EDTAEOOn The Fly: Analyst Initiation Summary
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10:00 EDTAEOOn The Fly: Analyst Upgrade Summary
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09:28 EDTAEOAmerican Eagle initiated with a Buy at BB&T
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09:10 EDTAEOAmerican Eagle upgraded to Outperform from Market Perform at Telsey Advisory
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08:19 EDTAEOAmerican Eagle identified as favorite name for Spring at BMO Capital
BMO Capital named American Eagle as its favorite apparel retailer for spring, as the firm expects the company to benefit from the 70s Style fashion trend. .

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