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Stock Market & Financial Investment News

News Breaks
July 22, 2014
10:00 EDTBMRC, WOOF, TREX, INWK, EGAS, FANG, AXL, ZION, VAL, SANM, HBAN, FIVE, CYS, AGN, VOLVY, UCTT, RLGY, HAS, DLROn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Allergan (AGN) upgraded to Buy from Neutral at UBS... American Axle (AXL) upgraded to Neutral from Underweight at JPMorgan... Bank of Marin (BMRC) upgraded to Buy from Hold at Sandler O'Neill... CYS Investments (CYS) upgraded to Buy from Hold at Wunderlich... Diamondback Energy (FANG) upgraded to Buy from Neutral at Roth Capital... Digital Realty (DLR) upgraded to Buy from Hold at Deutsche Bank... Five Below (FIVE) upgraded to Outperform from Market Perform at Wells Fargo... Gas Natural (EGAS) upgraded to Buy from Hold at Wunderlich... Hasbro (HAS) upgraded to Overweight from Equal Weight at Barclays... Huntington Bancshares (HBAN) upgraded to Outperform at Keefe Bruyette... InnerWorkings (INWK) upgraded to Buy from Hold at Feltl... Realogy (RLGY) upgraded to Buy from Neutral at Citigroup... Sanmina (SANM) upgraded to Hold from Sell at Deutsche Bank... Trex Company (TREX) upgraded at Stifel... Ultra Clean (UCTT) upgraded to Buy from Neutral at Roth Capital... VCA Inc. (WOOF) upgraded at Stifel... Valspar (VAL) upgraded to Conviction Buy from Neutral at Goldman... Volvo (VOLVY) upgraded to Neutral from Sell at Goldman... Zions Bancorp (ZION) upgraded to Buy from Neutral at Compass Point.
News For AGN;AXL;BMRC;CYS;FANG;DLR;FIVE;EGAS;HAS;HBAN;INWK;RLGY;SANM;TREX;UCTT;VAL;WOOF;VOLVY;ZION From The Last 14 Days
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December 5, 2014
10:46 EDTFIVEBig Lots tumbles after Q3 results misses estimates
Shares of closeout retailer Big Lots (BIG) are lower this morning after the company's third quarter earnings failed to meet analyst estimates. WHAT'S NEW: Big Lots reported Q3 earnings per share of (6c) and revenue of $1.11B, missing analysts' consensus estimates of (5c) and $1.12B, respectively. Same store sales increased 1.4% for the quarter, the company said. Big Lots said Jennifer, its core customer, is responding positively to the improved merchandising strategies such as the recent expansion of its Food category and the Furniture lease-to-purchase program. Inventory ended the quarter at $1.08B vs. $1.24B for the previous year. Looking ahead, Big Lots raised the high end of its fourth quarter EPS view to $1.70-$1.80 from $1.70-$1.76 against analysts' consensus estimates of $1.78. and backed its Q4 SSS view of a low single digit increase. For fiscal year 2014, Big Lots backed its FY14 EPS view of $2.40-$2.50 against analysts' estimates of $2.49 and SSS guidance of up 1%-2%. WHAT'S NOTABLE: During the conference call to discuss Q3 earnings, Big Lots said it expects to see double digit drops in Electronics in the fourth quarter. Big Lots said it was encouraged by the start of November where comps were up by 2%, but also commented on less than favorable results from Thanksgiving and Black Friday, with one executive noting the lack of traffic at store checkouts during Black Friday. The retailer also said it sees positive opportunity for January in food, furniture and home. PRICE ACTION: During morning trading, Big Lots fell $6.56, or 13.68, to $41.39. OTHERS TO WATCH: Five Below (FIVE), which reported in-line third quarter EPS and a lower-than-expected fourth quarter and fiscal year 2014 outlook, is down 12.3% to $37.56.
10:20 EDTFIVEFive Below falls, levels to watch
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10:00 EDTVALOn The Fly: Analyst Downgrade Summary
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10:00 EDTVALOn The Fly: Analyst Upgrade Summary
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09:17 EDTFIVEOn The Fly: Pre-market Movers
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07:54 EDTFIVEFive Below pullback a buying opportunity, says Jefferies
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07:47 EDTFIVEFive Below weakness would present buying opportunity, says UBS
UBS believes weakness in Five Below shares following the company's Q3 report would be a buying opportunity. The firm sees its issues as temporary and thinks they should be resolved in the next quarter or two and said management comments surrounding the company's mixed Black Friday weekend sales could cause the stock to be mispriced. UBS reiterated its Buy rating but lowered its price target to $48 from $50 on Five Below shares.
07:13 EDTVALValspar upgraded to Overweight on oil price pullback at JPMorgan
JPMorgan upgraded Valspar to Overweight saying the recent 30% decrease in the price of oil are positive for the paint and coatings industry. The firm raised its price target for shares to $91 from $83.
06:40 EDTVALValspar downgraded to Buy from Conviction Buy at Goldman
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06:26 EDTVALValspar upgraded to Overweight from Neutral at JPMorgan
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December 4, 2014
18:34 EDTFIVEOn The Fly: After Hours Movers
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17:52 EDTFIVEFive Below drops sharply after results
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16:14 EDTFIVEFive Below drops 5% after Q4 outlook misses expectations
16:12 EDTFIVEFive Below appoints COO Anderson as CEO
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16:11 EDTFIVEFive Below sees FY14 adjusted EPS 87c-90c, consensus 91c
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16:09 EDTFIVEFive Below sees Q4 EPS 59c-62c, consensus 63c
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16:08 EDTFIVEFive Below reports Q3 adjusted EPS 6c, consensus 6c
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15:18 EDTFIVENotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Cooper Companies (COO), consensus $2.03; ULTA Salon (ULTA), consensus 84c; American Eagle Outfitters (AEO), consensus 22c; Five Below (FIVE), consensus 6c; Ambarella (AMBA), consensus 54c; Finisar (FNSR), consensus 25c; Smith & Wesson (SWHC), consensus 7c.
08:53 EDTFIVEFive Below December volatility elevated into Q3 and outlook
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07:56 EDTAGNActavis price target raised to $315 from $266 at Morgan Stanley
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