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Stock Market & Financial Investment News

News Breaks
March 5, 2014
07:32 EDTPERY, NCLH, AZO, SPB, PBH, MYCC, ANFI, TUP, RUTH, NUS, DFRG, AN, SWHCDeutsche Bank to hold a conference
Consumer Conference is being held in Boston on March 5.
News For AN;ANFI;AZO;DFRG;MYCC;NCLH;NUS;PBH;PERY;RUTH;SPB;SWHC;TUP From The Last 14 Days
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August 27, 2015
15:08 EDTPERYPerry Ellis to assume control of Perry Ellis men's bottoms business in Canada
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11:42 EDTPERYPVH Corp. rises after Q2 results top estimates, FY15 outlook raised
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10:00 EDTTUPOn The Fly: Analyst Upgrade Summary
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09:32 EDTTUPTupperware Brands upgraded to Buy from Neutral at Sidoti
Sidoti upgraded Tupperware to Buy and maintained its $64 price target based on recent share weakness and 5.6% current dividend yield.
07:19 EDTAZOAutoZone added to US 1 List at BofA/Merrill
BofA/Merrill added AutoZone to the US 1 List and maintained its Buy rating and $865 price target on shares. Analyst Denise Chai said AutoZone is a domestic, secular domestic growth story which will continue to benefit from accelerating miles driven, a record old fleet, and distribution initiatives that support faster growth.
August 26, 2015
10:17 EDTMYCCMKM Partners' four Lodging stock ideas following the pullback
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07:57 EDTSWHCSmith & Wesson volatility elevated into Q1 and outlook
Smith & Wesson September call option implied volatility is at 57, October is at 46, January is at 49; compared to its 52-week range of 26 to 61, suggesting large near term price movement into the expected release of Q1 results on August 27.
August 25, 2015
09:09 EDTPERYPerry Ellis enters into new license agreement for Original Penguin brand
Perry Ellis International announced that it has entered into a new license agreement with Randa Accessories U.K. to design, manufacture and market men's luggage and associated travel bags under the Original Penguin brand in the United Kingdom and Ireland. The new luggage line will launch nationally and regionally in department stores and specialty luggage stores this Fall 2015.
08:05 EDTAZOAutoZone identified as defensive name at Citi
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August 24, 2015
09:45 EDTAZOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Bank of America (BAC) upgraded to Outperform from Market Perform at Keefe Bruyette... Bristol-Myers (BMY) upgraded to Neutral from Underweight at Piper Jaffray... Chevron (CVX) upgraded to Neutral from Underperform at BofA/Merrill... Abercrombie & Fitch (ANF) upgraded to Overweight from Neutral... Nike (NKE) upgraded to Outperform from Market Perform at Telsey Advisory... DreamWorks (DWA) upgraded to Buy from Neutral at B. Riley... Caesarstone (CSTE) upgraded to Overweight from Equal Weight at Barclays... TransAlta (TAC) upgraded to Outperform from Market Perform at BMO Capital... Sarepta (SRPT) upgraded to Overweight from Neutral at Piper Jaffray... AutoZone (AZO) upgraded to Buy from Neutral at BofA/Merrill... Royal Dutch Shell (RDS.A) upgraded to Buy from Hold at Jefferies... Allscripts (MDRX) upgraded to Buy from Hold at Argus... China Unicom (CHU) upgraded to Buy from Hold at Jefferies... Ross Stores (ROST) upgraded to Buy from Neutral at Buckingham.
08:56 EDTAZOAutoZone upgraded to Buy on comp outlook, strong industry trends at BofA/Merrill
As previously reported, BofA/Merrill upgraded AutoZone to Buy from Neutral with an $865 price target. The firm raised estimates on a higher comp outlook, saying it expects strength in miles driven due to lower fuel prices and increased employment. BofA/Merrill expects distribution initiatives to increase parts availability, especially in commercial, where the company is under-penetrated. The firm sees strong industry trends ahead and comp growth of 3.3% over the next few years, which should narrow the valuation gap versus peers.
07:25 EDTAZOAutoZone upgraded to Buy from Neutral at BofA/Merrill
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August 23, 2015
14:06 EDTNCLHCruise industry headed for jump in profits, Barron's says
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August 21, 2015
09:10 EDTTUPTupperware Brands management to meet with JPMorgan
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08:59 EDTANFIAmira Nature Foods rejects 'misleading' claims made by Prescience Point
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August 20, 2015
13:38 EDTPERYPerry Ellis upgraded to Buy from Underperform at BofA/Merrill
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07:18 EDTPERYPerry Ellis raises FY16 EPS view to $1.78-$1.85 from $1.68-$1.75
Consensus $1.73. Backs FY16 revenue guidance of $925M-$935M, consensus $930.48M.
07:16 EDTPERYPerry Ellis reports Q2 adjusted EPS 31c, consensus 0c
Reports Q2 revenue $213.3M, consensus $203.6M.
August 19, 2015
18:34 EDTANFIOn The Fly: After Hours Movers
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17:54 EDTANFIAmira Nature Foods terminates Deloitte, appoints ASA as accounting firm
Amira Nature Foods disclosed in a regulatory filing that on August 19, the Audit Committee of Amira Nature Foods appointed ASA & Associates as the company's independent registered public accounting firm for the year ended March 31, effective immediately, and ASA & Associates accepted the engagement on August 19. Simultaneously with the engagement of ASA & Associates, the company terminated Deloitte Haskins & Sells as its independent registered public accounting firm. For the years ended March 31, 2014 and 2013 and through March 31, 2015, there were no disagreements with Deloitte Haskins & Sells on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to Deloitte Haskins & Sells LLP's satisfaction, would have caused Deloitte Haskins & Sells to make reference to the subject matter thereof in connection with its reports for such years; or reportable events that would be required to be described under Item 16F(a)(1)(v) of Form 20-F in connection with the company's annual report on Form 20-F. Deloitte Haskins & Sells requested the Audit Committee retain independent external forensic investigators to conduct an investigation into the issues raised in a short seller report dated July 30, 2015 and other transactions identified by Deloitte Haskins & Sells in connection with its incomplete audit of the company's financial statements for the year ended March 31, 2015. Deloitte Haskins & Sells LLP also communicated to the Audit Committee that it would need to evaluate its responsibility under Section 10A of the U.S. Securities Exchange Act of 1934 if the Audit Committee were to fail to take timely and appropriate action in response to the matters identified above. Because Deloitte Haskins & Sells LLP was terminated prior to the Audit Committee commencing an investigation, Deloitte Haskins & Sells LLP has informed the company that it cannot determine: whether the Audit Committee took timely and appropriate action with respect to the matters identified above; whether the information obtained from an investigation would materially impact previously issued audit report or underlying financial statements for fiscal years ended March 31, 2014 and 2013; or whether the information obtained from an investigation would cause Deloitte Haskins & Sells to be unwilling to rely on management's representations. Accordingly, Deloitte Haskins & Sells has advised the company that it is not able to reissue its report or issue a consent to its inclusion in filings of the company with the SEC.
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