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Stock Market & Financial Investment News

News Breaks
February 7, 2014
09:58 EDTDO, VRSN, CI, CHK, PRGO, WWWW, CS, RSTI, OUTR, SPR, PMFG, MMS, ELON, FLDM, FWM, G, GHDX, IRBT, LOW, AOLOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AOL (AOL) downgraded to Neutral from Buy at BofA/Merrill... Echelon (ELON) downgraded to Hold from Buy at Needham... Fairway Group (FWM) downgraded to Hold from Buy at BB&T... Fluidigm (FLDM) downgraded to Market Perform from Outperform at Cowen... Genomic Health (GHDX) downgraded to Neutral from Outperform at Credit Suisse... Genpact (G) downgraded to Neutral from Overweight at JPMorgan... iRobot (IRBT) downgraded to Underweight from Neutral at JPMorgan... Lowe's (LOW) downgraded to Neutral from Buy at Goldman... Maximus (MMS) downgraded to Neutral from Buy at Citigroup... PMFG, Inc. (PMFG) downgraded to Hold from Buy at Stifel... Spirit AeroSystems (SPR) downgraded to Hold from Buy at KeyBanc... VeriSign (VRSN) downgraded to Sell from Neutral at Citigroup... Cigna (CI) downgraded to Neutral from Positive at Susquehanna... Chesapeake (CHK) downgraded to Sector Perform from Outperform at Howard Weil... Perrigo (PRGO) downgraded to Neutral from Buy at B. Riley... Web.com (WWWW) downgraded to Hold from Buy at Craig-Hallum... Credit Suisse (CS) downgraded to Neutral from Outperform at Macquarie... Rofin-Sinar (RSTI) downgraded to Neutral from Buy at Longbow... Outerwall (OUTR) downgraded to Market Perform from Outperform at Northland Securities... Diamond Offshore (DO) downgraded to Sell from Neutral at Global Hunter.
News For AOL;ELON;FLDM;FWM;G;GHDX;IRBT;LOW;MMS;PMFG;SPR;VRSN;CI;CHK;PRGO;WWWW;CS;RSTI;OUTR;DO From The Last 14 Days
Check below for free stories on AOL;ELON;FLDM;FWM;G;GHDX;IRBT;LOW;MMS;PMFG;SPR;VRSN;CI;CHK;PRGO;WWWW;CS;RSTI;OUTR;DO the last two weeks.
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August 20, 2014
12:37 EDTLOWOn The Fly: Midday Wrap
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09:52 EDTLOWLowe's says not commenting on Brazil rumors
Focusing on improving U.S. operations, other international markets.
09:51 EDTLOWLowe's says still stands by 2015 outlook previously provided
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09:45 EDTLOWLowe's says plan for 2H sales remains the same
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09:24 EDTAOLVringo intends to seek en banc review of decision in I/P Engine case
Vringo (VRNG) announced that its wholly-owned subsidiary I/P Engine, Inc. intends to file a petition with the United States Court of Appeals for the Federal Circuit seeking en banc review of the split appellate decision in its case against AOL (AOL), Google (GOOG) et al. that issued on August 15 and reversed the judgment of the United States District Court for the Eastern District of Virginia. Under the Federal Circuit's rules, I/P Engine's petition for en banc review is due on September 15. I/P Engine has filed an unopposed motion seeking a 30-day extension, which would make its petition due October 15. Upon receiving the requested extension, I/P Engine may file the petition on or anytime prior to October 15.
09:20 EDTLOWLowe's says SSS up 4.7% in May, 4.6% in June, 3.7% in July
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09:07 EDTLOWOn The Fly: Pre-market Movers
UP AFTER EARNINGS: PetSmart (PETM), up 2,1%... Staples (SPLS), up 2%... E-House (EJ), up 2.5%. HIGHER: Fairchild (FCS), up 4% after Bloomberg says Infineon (IFNNY) is near a deal to buy a U.S. semiconductor company for $2B... Amicus Therapeutics (FOLD), up 18.4% after reporting positive Phase 3 data from the Fabry study. DOWN AFTER EARNINGS: Lowe's (LOW), down 3%... Tarena (TEDU), down 9%... Leju (LEJU), down 4.2%... JA Solar (JASO), down 5%. LOWER: Hertz (HTZ), down 12.7% after downgraded at JPMorgan and Deutsche Bank following the company's decision to withdraw its FY14 guidance... NovaBay (NBY), down 35.2% after primary, secondary endpoints were not met in its NVC-422 study... RGS Energy (RGSE), down 14.9% after downgraded at Roth Capital following Q2 earnings results.
08:53 EDTLOWLowe's says signals from housing market 'mixed'
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07:26 EDTLOWLowe's weakness a buying opportunity, says RW Baird
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06:34 EDTLOWLowe's down 3.1% after reporting Q2 results, FY14 guidance
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06:08 EDTLOWLowe's CEO says 'home improvement spending will continue to progress'
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06:05 EDTLOWLowe's sees FY14 EPS approximately $2.63, consensus $2.61
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06:04 EDTLOWLowe's reports Q2 EPS $1.04, consensus $1.02
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August 19, 2014
15:16 EDTLOWNotable companies reporting before tomorrow's open
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13:21 EDTLOWEarnings Preview: Lowe's trading higher ahead of Q2 earnings report
Lowe's Companies (LOW), a home improvement retailer, is scheduled to report on its second quarter before the market open on Wednesday, August 20, with a conference call scheduled for 9:00 am ET. EXPECTATIONS: Analysts are looking for earnings per share of $1.02 on revenue of $16.55B, according to First Call. The consensus range for EPS is 96c-$1.06 on revenue of $16.16B-$16.79B. LAST QUARTER: Lowe's reported first quarter EPS of 61c, beating analyst's estimates of 60c, on revenue of $13.4B against estimates for $13.86B. The company also reported Q1 same-store sales rose 0.9%. Lowe's raised its fiscal year 2014 EPS guidance to approximately $2.63 from $2.60 against estimates at that time for $2.62 and said it expects revenue up 5% in this fiscal year compared to last. Lowe's said it expected to open 10 home improvement and 5 hardware stores in 2014 and expects its FY14 SSS to increase approximately 4%. The company expects to repurchase $3.4B of stock this fiscal year. NEWS: During the quarter, Lowe's named Paul Ramsay as Chief Information Officer. The company also raised its quarterly dividend 27.8% to 23c per share. STREET RESEARCH: Deutsche Bank lowered its estimates for both Lowe's and Home Depot (HD) after Tractor Supply (TSCO) and Lumber Liquidators (LL) pre-announced Q2 comp misses. The firm, which noted that the negative earnings revision is "relatively minor," said that while the business models are different, Tractor Supply and Lumber Liquidators have historically correlated positively with Home Depot and Lowe's on comps. Morgan Stanley initiated Lowe's with an Equal Weight rating and $50 target in June. Canaccord downgraded Lowe's to Sell from Hold due to slowing housing momentum, management changes, and difficult competition. PRICE ACTION: Over the last three months, Lowe's shares are up almost 14%. In morning trading ahead of tomorrow's report, Lowe's is up nearly 3% to $51.89.
11:41 EDTLOWHome Depot rises as results beat estimates, company raises guidance
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08:01 EDTELONEchelon announces Lumewave acquisition
Echelon announced that it has acquired Lumewave. Echelon will sell the Lumewave products, which include individual lighting controllers, gateways, and management and maintenance software, and will incorporate Lumewave’s established sales channels in North America into its existing channels worldwide. Terms of the transaction were not disclosed.
August 18, 2014
11:25 EDTLOWEarnings Preview: Home Depot shares up nearly 9% since last earnings report
Home Depot (HD), a home improvement retailer, is scheduled to report second quarter results before the market opens on Tuesday, August 19, with a conference call scheduled for 9:00 am ET. EXPECTATIONS: Analysts are looking for earnings per share of $1.45 on revenue of $23.62B, according to First Call. The consensus range for EPS is $1.41-$1.49 on revenue of $22.9B-$24.08B. LAST QUARTER: Home Depot reported first quarter EPS of $1.00 against estimates for 99c on revenue of $19.69B against estimates of $19.95B. The company said same-store sales increased 2.6%, with U.S. SSS up 3.3%. The company raised its fiscal year 2014 EPS view to $4.42 from $4.38 against estimates at that time for $4.42. The retailer also backed its FY14 sales growth view of up 4.8% from fiscal year 2013. On its Q4 earnings conference call, Home Depot forecast gross margins for FY14 would be "about the same" as last year. For the remainder of the year, the company said its view on the housing market recovery had not changed. NEWS: At Oppenheimer's 14th Annual Consumer Conference in June, Home Depot reaffirmed its 4.8% sales growth view for the year and said SSS growth would be 4.6%. The company also said it expected $7B in share repurchases for FY14. The retailer also said it intends to increase its dividend every year. The Wall Street Journal said Home Depot is among the retailers betting that consumer basics, like toilet paper or detergent, will increase sales and lure shoppers into stores. STREET RESEARCH: Citigroup expects Home Depot shares will continue outperforming Lowe's (LOW) in the near-term given its store base concentration and better merchandising effort on the Pro side. Deutsche Bank lowered its estimates for both Home Depot after Tractor Supply (TSCO) and Lumber Liquidators (LL) pre-announced Q2 comp misses. The firm, which noted that the negative earnings revision is "relatively minor," said that while the business models are different, Tractor Supply and Lumber Liquidators have historically correlated positively with Home Depot and Lowe's on comps. PRICE ACTION: Over the last three months, Home Depot shares are up almost 9%. Year-to-date, shares are up over 2%.
06:44 EDTCHKNatural gas companies worried about regulatory outlook, The Hill says
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06:24 EDTLOWOptions expected to be active
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