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Stock Market & Financial Investment News

News Breaks
June 10, 2014
09:10 EDTANF, ANF, BDE, BDE, BAGL, BAGL, IRG, IRG, JWN, JWN, HAIN, HAIN, ZUMZ, ZUMZ, RUTH, RUTH, PVH, PVH, TPX, TPX, CAKE, CAKE, NDLS, NDLSPiper Jaffray to hold a conference
34th Annual Consumer Conference is being held in New York on June 10-11 with webcasted company presentations to begin on June 10 at 9:15 am; not all company presentations may be webcasted. Webcast Link
News For ANF;CAKE;TPX;PVH;RUTH;ZUMZ;HAIN;JWN;IRG;BAGL;BDE;NDLS From The Last 14 Days
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May 28, 2015
05:55 EDTIRGIgnite Restaurant downgraded to Neutral from Buy at UBS
UBS downgraded Ignite Restaurant to Neutral citing growth concerns amid worse than expected pressure at Joe's. The firm cut its price target for shares to $4 from $9.
May 27, 2015
16:03 EDTANFOptions Update; May 27, 2015
iPath S&P 500 VIX Short-Term Futures down 82c to 18.56 Option volume leaders: AAPL KORS BRCM MCD FB MNKD AAL YHOO BAC MU ANF S EOX
15:48 EDTANFAbercrombie & Fitch May 19.5 straddle priced for 10% movement into Q1
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15:30 EDTANFNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Toronto-Dominion Bank (TD), consensus $1.11... Signet Jewelers (SIG), consensus $1.63... Flowers Foods (FLO), consensus 30c... Tech Data (TECD), consensus 71c... Sanderson Farms (SAFM), consensus $3.32... Express (EXPR), consensus 14c... Abercrombie & Fitch (ANF), consensus (34c)... Descartes Systems Group (DSGX), consensus 6c... JinkoSolar (JKS), consensus 40c... Fred's (FRED), consensus (1c)... Xcerra (XCRA), consensus 7c... Titan Machinery (TITN), consensus (22c).
12:38 EDTANFOptions with increasing volume
Options with increasing volume: PG CONN NQ S JNPR MNST ANF
11:18 EDTANFEarnings Watch: Abercrombie could provide 'depressing' guidance, analyst says
Abercrombie & Fitch (ANF) is scheduled to report first quarter earnings before the market open on Thursday, May 28 with a conference call scheduled for 8:30 am EDT. Abercrombie & Fitch is a retailer of casual apparel for men, women and kids. EXPECTATIONS: Analysts are looking for a loss per share of (34c) on revenue of $730.91M, according to First Call. The consensus range for EPS is (60c)-(12c) on revenue of $685.26M-$788M. LAST QUARTER: Abercrombie & Fitch reported fourth quarter adjusted earnings per share of $1.15 on revenue of $1.12B, against estimates for $1.15 and $1.17B, respectively. Comparable store sales declined 10% during the quarter. Abercrombie & Fitch said that as it gets greater visibility to the timing and impact of its on-going strategic initiatives, it expects to resume providing EPS and SSS guidance guidance. Regarding SSS, the company said it expects the negative impact from reduced logo sales to modestly abate in the first half of the fiscal year and neutralize in the second half of the fiscal year. Abercrombie said the first half of FY15 would be "challenging" and forecast significant headwinds from foreign currency in FY15. NEWS: At the Telsey Advisory Group's Spring Consumer Conference in March, Abercrombie reiterated its forecast for "significant" foreign currency headwinds in 2015. The company said it was "fully aware" of the challenges the company is facing and was on the "right path" to improve profitability. Abercrombie forecast FY15 capital expenditures of approximately $150M and forecast continued pressure from reduced logos and gross margin flat to slightly up. The retailer said it views ongoing expense reduction as a "way of life" going forward. During the quarter, Bloomberg reported that Abercrombie & Fitch will retire its "appearance and sense of style" hiring rule for employees. Abercrombie brand President Christos Angelides and Hollister brand President Fran Horowitz said the changes to the dress code are part of their plan to cater to more shoppers. New York Attorney General Eric Schneiderman sent letters to Abercrombie and other retailers in April over staffing practices and whether the company requires workers to show up or stay home with little notice, according to The Wall Street Journal. STREET RESEARCH: During the quarter, Abercrombie & Fitch was initiated at BB&T with a Hold rating and with an Underperform rating and $17 target at RBC Capital. Wunderlich expects A&F's results will be a "very painful slog" for shareholders, adding that if the company does give guidance, "expect it to be depressing." The firm, which cut its price target for shares to $15 from $17 and reiterated a Sell rating, believes a turnaround is not in sight. PRICE ACTION: Abercrombie & Fitch shares slid 1% to $19.88 in morning trading, putting the stock down about 19.5% over the last three months.
10:58 EDTANFAbercrombie & Fitch May weekly volatility elevated into Q1 and outlook
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09:00 EDTPVHPVH Corp. announces license agreement with Accutime Watch Corp
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May 26, 2015
09:17 EDTJWNNordstrom, TD Bank announce strategic credit card relationship
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07:56 EDTANFWunderlich sees Abercrombie Q1 as 'very painful slog'
Wunderlich expects Abercrombie & Fitch's Q1 results on Thursday to be a "very painful slog" for investors. If management does provide guidance, "expect it to be depressing," Wunderlich tells investors in a research note. The firm believes a turnaround is not in sight and points to mounting currency headwinds and a "weak" teen apparel environment. It lowered its price target for A&F shares to $15 from $17 and reiterates a Sell rating on the name.
May 21, 2015
07:16 EDTTPX, HAINLongbow to hold a conference
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07:14 EDTNDLS, HAINBMO Capital to hold a conference
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May 20, 2015
08:37 EDTNDLSMorgan Stanley to hold a conference
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May 19, 2015
09:58 EDTTPXOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ascena Retail (ASNA) upgraded to Outperform from Market Perform at FBR Capital... Enphase Energy (ENPH) upgraded to Strong Buy from Buy at Needham... Fifth Third (FITB) upgraded on Vantiv outlook at Oppenheimer... Hortonworks (HDP) upgraded to Overweight from Equal Weight at Barclays... MasterCard (MA) upgraded to Overweight from Sector Weight at Pacific Crest... NetEase.com (NTES) upgraded to Buy from Neutral at Citigroup... Panera Bread (PNRA) upgraded to Outperform from Market Perform at Cowen... Potash (POT) upgraded to Market Perform from Underperform at Cowen... Reed Elsevier (RUK) upgraded to Buy from Neutral at Goldman... Royal Caribbean (RCL) upgraded to Overweight from Neutral at JPMorgan... Sysco (SYY) upgraded at Credit Suisse... THL Credit (TCRD) upgraded to Buy from Hold at Deutsche Bank... Take-Two (TTWO) upgraded to Buy from Neutral at Sterne Agee CRT... Tempur Sealy (TPX) upgraded on Sealy gross margin improvement at Longbow... TriState Capital (TSC) upgraded to Outperform from Market Perform at Keefe Bruyette... Xilinx (XLNX) upgraded to Overweight from Sector Weight at Pacific Crest.
07:41 EDTTPXTempur Sealy upgraded on Sealy gross margin improvement at Longbow
As previously reported, Longbow upgraded Tempur Sealy to Buy from Neutral. The firm believes the new CEO will accelerate Sealy gross margins and focus on better procurement, plant consolidations, and higher first pass scrap yields, among other improvements. Longbow predicts Sealy gross margins to reach 33% in FY16, a year ahead of management's goal, and established a $73 price target on the shares.
06:10 EDTTPXTempur Sealy upgraded to Buy from Neutral at Longbow
May 18, 2015
20:16 EDTANF, ZUMZUrban 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).
May 15, 2015
13:31 EDTJWNBed Bath & Beyond rallies after Lenoard Green reports stake
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10:13 EDTJWNHigh option volume stocks
High option volume stocks: POST SFM GSVC HGG HUN PH JWN CAR ONTY LBTYA
09:40 EDTJWNEquity options with increasing volume
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