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Stock Market & Financial Investment News

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February 20, 2014
08:26 EDTANFEngaged Capital nominates five candidates to Abercrombie & Fitch board
Engaged Capital, an investment firm specializing in small and mid-cap North American equities and stockholder of Abercrombie & Fitch, has nominated five candidates to Abercrombie's board at the upcoming 2014 Annual Meeting of Stockholders. Engaged Capital believes that despite recent incremental governance improvements, enacted only after substantial pressure from stockholders, the Board still lacks a majority of qualified, independent and accountable voices. Additionally, Engaged notes that this public nomination follows the failure of weeks of private outreach to the Board to arrive at a negotiated settlement. Engaged believes this is yet another example of the incumbent directorsí unwillingness to put the interests of the company and stockholders ahead of their own pecuniary interests.
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September 5, 2014
12:19 EDTANFGap falls after reporting August same-store sales decline
Shares of apparel retailer Gap (GPS) are falling after the company reported disappointing August same-store sales results and Buckingham analysts downgraded the company's stock. WHAT'S NEW: Gap reported last night that its August comparable sales declined 2%, compared to a 2% increase a year ago in the same month. Gap Global SSS fell 9%, Banana Republic Global SSS fell 2% and Old Navy Global SSS rose 2%. Gap also reported its August net sales were flat compared to last year's $1.23B. WHAT'S NOTABLE: Looking ahead, the company said Gap's August sales performance will likely put pressure on the brand's gross margins in September. ANALYST REACTION: Gap was downgraded to Neutral from Buy at Buckingham this morning following the August comparable sales numbers. Buckingham analysts say they question the previously anticipated 2H14 comp recovery at the core brand and do not see upside to the stock if the flagship brand does not turn positive in the second half. Buckingham expects the stock's multiple to contract back to its historical average until sales improve. The firm still expects full-year 2014 guidance to be achievable as Gap manages expenses and it continues to like operational improvements the company is making in its supply chain and omni-channel initiatives. Until sales improve, Buckingham expects shares to remain range bound near $44 to $46. UBS analysts, on the other hand, say Gap's share weakness presents a buying opportunity. The firm said the miss does not derail the company's ability to show improvement over the second half and does not impact their long-term thesis tied to margin improvement opportunities. PRICE ACTION: Near noon, Gap fell $2.20, or about 5%, to $44.39. OTHERS TO WATCH: Competitors to Gap include American Apparel (APP), American Eagle (AEO), Urban Outfitters (URBN), Express (EXPR), and Abercrombie and Fitch (ANF).
September 4, 2014
10:59 EDTANFOptions with decreasing implied volatility
Options with decreasing implied volatility: BIG GES CONN PAY ANF CIEN SPLK OVTI WDAY NAV
September 3, 2014
11:07 EDTANFOptions with decreasing implied volatility
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September 2, 2014
11:08 EDTANFOptions with decreasing implied volatilit
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