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Stock Market & Financial Investment News

News Breaks
April 9, 2014
12:25 EDTANF, ANF, ANF, BBBY, BBBY, BBBY, CRI, CRI, CRI, COST, COST, COST, DKS, DKS, DKS, DG, DG, DG, FL, FL, FL, M, M, M, TIF, TIF, TIFBofA/Merrill's retail analysts hold an analyst/industry conference call
Retailing Analysts provide a retail update for March which includes sales, earnings stocks and industry trends on an Analyst/Industry conference call to be held on April 10 at 1 pm.
News For ANF;BBBY;CRI;COST;DKS;DG;FL;M;TIF From The Last 14 Days
Check below for free stories on ANF;BBBY;CRI;COST;DKS;DG;FL;M;TIF the last two weeks.
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August 13, 2014
08:02 EDTMMacy's says expectations for 2H14 'on track'
Expectations for the second half of 2014 remain on track, with guidance for comparable store growth of 2%-3%. However, even with an improved sales trend in the second quarter, the company was unable to make up its sales shortfall from the first quarter. This calculates to expectations for a full-year 2014 comparable sales increase of 1.5%-2%. Full-year 2014 comparable sales together with comparable sales of departments licensed to third parties now are expected to increase by 2%-2.5%. Previous guidance was for full-year comparable sales to increase by 2.5%-3%. The company continues to expect full-year 2014 earnings per diluted share in the range of $4.40 to $4.50, consistent with guidance previously provided.
08:01 EDTMMacy's reports Q2 EPS 80c, consensus 86c
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07:58 EDTDKSDick's Sporting weakness overdone, says UBS
UBS said the weakness in Dick's Sporting Goods due to concerns about its gold segment are overdone and that the stock is likely poised for a rebound. The firm believes upcoming Q2 results will be better than feared, as foot and apparel trends remain strong, global soccer events should have a positive contribution, and promotional activity is clearing out inventory. The firm has a Buy rating and $53 price target on Dick's shares.
05:58 EDTMStocks with implied volatility movement; SFUN M
Stocks with implied volatility movement; SouFun (SFUN) 65, Macy's (M) 26 according to iVolatility.
August 12, 2014
15:23 EDTMNotable companies reporting before tomorrow's open
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15:22 EDTMMacy's technical comments before earnings release
In the past three months the shares have moderately outperformed the broader averages. The trend has been neutral for the most part with range-bound trading at $56.50 at the low and $60 at the high. This range is the last portion of a broader range of similar magnitude stretching back to late February of this year. As a result, a break of this range whether to the upside or downside will be significant technically and would resolve the range bearishly or bullishly Ranges that take long periods of time to form tend to persist in the direction of the break for an extended period. On a move above $60 on better than expected news there is only one established resistance level, which is the life high and 52-week high at $61.26. Additional upside moves would likely be anchored to common options strike prices such as $62.50 and $65. A breakdown below the low of the range at $56.50 on worse than expected news or outlook would break the uptrend in place since March 2009. Support below $56.50 would be at $55.10 and then at $53.20.
13:43 EDTMEarnings Preview: Analyst sees Macy's lowering EPS, SSS guidance for FY14
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13:32 EDTMMacy's August 60 straddle priced for 4% move into Q2
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12:31 EDTANFAbercrombie upgraded at Stifel citing better assortment, trimmed costs
Shares of Abercrombie & Fitch (ANF) were upgraded by research firm Stifel this morning, though the retailer's shares are slightly lower in early afternoon trading. WHAT'S NEW: Stifel analyst Richard Jaffe upgraded Abercrombie & Fitch to Buy from Hold, citing the retailer's better merchandise assortment and reshaped cost structure. Jaffe feels that Abercrombie & Fitch had been running with overblown expenses and believes that having a slimmer cost structure will allow the company to influence sales better and boost future EPS. The analyst raised his Q4 EPS estimate to $1.94 from $1.87, his FY14 EPS estimate to $2.50 from $2.43 and his FY15 EPS estimate to $3.40 from $3.14. Over the next year, Jaffe said that he expects A&F shares will be valued for the company's effort to win back customers at its Hollister and Abercrombie stores. Still, he said that Q3 could continue to be a struggle for the retailer due to external obstacles that are still a headwind. The firm maintains a $50 price target on the retailer's shares. WHAT'S NOTABLE: Analysts at Wunderlich also initiated coverage of the stock this morning with a Buy rating and a $48 price target. PRICE ACTION: During early afternoon trading, shares of Abercrombie & Fitch fell 9c, or 0.2%, to $41.47. OTHERS TO WATCH: Rivals to Abercrombie & Fitch include Aeropostale (ARO), Urban Outfitters (URBN), and American Eagle Outfitters (AEO).
10:00 EDTANFOn The Fly: Analyst Initiation Summary
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10:00 EDTANFOn The Fly: Analyst Upgrade Summary
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09:21 EDTANFOn The Fly: Pre-market Movers
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08:42 EDTANFAbercrombie & Fitch initiated with a Buy at Wunderlich
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08:03 EDTDKSGoldman's Retail selections for Q2
Goldman is most above Q2 consensus for Advance Auto Parts (AAP), Best Buy (BBY) and Williams-Sonoma (WSM), sees best risk/reward in Ulta Salon (ULTA) and Sportsman's Warehouse (SPWH), and low visibility in Dick's Sporting (DKS) and Wal-Mart (WMT).
07:36 EDTDGDollar Tree filing shows Family Dollar talks underway before Icahn involvement
A regulatory filing explaining the history of the merger agreement between Dollar Tree (DLTR) and Family Dollar (FDO) showed that, on February 24, a representative of Dollar Tree's financial advisor, JPMorgan, made a telephone call to a representative of Morgan Stanley to express Dollar Tree's interest in discussing a potential business combination transaction with Family Dollar. The filing also states that on June 6 Carl Icahn and certain of his affiliates filed a Schedule 13D disclosing that together they beneficially owned approximately 9.39% of the then-outstanding shares of Family Dollar common stock and that they wished to discuss with Family Dollar its business and strategies to enhance stockholder value. That day, Icahn telephoned Howard Levine, Chairman and CEO of Family Dollar, to discuss the Schedule 13D filing and to express an interest in additional communications with Family Dollar's management regarding the company's current operations and future plans, including potential strategic opportunities and potential business combination transactions. Levine asked Icahn whether he would be willing to sign a non-disclosure agreement and Icahn declined, the filing stated. Additionally on June 6, a member of the board of directors of "Company A" emailed Levine to suggest that they speak. On June 7, Levine and the member of the board of directors of Company A had a telephone conversation, during which the representative of Company A "indicated that Company A would be reluctant to participate in the negotiation of a transaction with Family Dollar if Mr. Icahn were to have a role in or control over the process," the filing states, without identifying Company A. Many, including the Wall Street Journal, have surmised that "Company A" in the filing may refer to Dollar General (DG).
06:53 EDTMMacy's August volatility elevated into Q2 and outlook
Macy's August call option implied volatility is at 50, September is at 24, January is at 23; compare to its 26-week average of 24 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on August on 13.
06:25 EDTFLFoot Locker added to Focus List at Citigroup
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August 11, 2014
18:07 EDTANFAbercrombie & Fitch upgraded to Buy from Hold at Stifel
Stifel upgraded Abercrombie & Fitch to Buy with a $50 price target citing an improved risk/reward profile given the company's better merchandise assortment and realigned cost structure.
07:05 EDTBBBYDeutsche Bank discusses LBO chatter in Retail space
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06:52 EDTDKSDick's Sporting still has a downward bias to estimates, says RBC Capital
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