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Stock Market & Financial Investment News

News Breaks
May 20, 2014
10:00 EDTRYAAY, MCP, DTV, APC, QCOR, JCP, DKS, APD, TSCDY, ONEXF, GD, CPBOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Air Products (APD) downgraded to Hold from Buy at BGC Financial... Anadarko (APC) downgraded to Equalweight from Overweight at Barclays... Campbell Soup (CPB) downgraded to Underperform from Neutral at Credit Suisse... Dick's Sporting (DKS) downgraded to Neutral from Buy at SunTrust... DirecTV (DTV) downgraded to Equal Weight from Overweight at Morgan Stanley... General Dynamics (GD) downgraded to Hold from Buy at Argus... J.C. Penney (JCP) downgraded to Underperform from Market Perform at Wells Fargo... LifeLock (LOCK) downgraded to Neutral from Buy at Goldman... Molycorp (MCP) downgraded to Underweight from Equal Weight at Morgan Stanley... Onex (ONEXF) downgraded to Sector Performer from Outperformer at CIBC... Questcor (QCOR) downgraded to Neutral from Buy at Mizuho... Ryanair (RYAAY) downgraded to In-Line from Outperform at Imperial Capital... Tesco (TSCDY) downgraded to Hold from Buy at Jefferies.
News For APD;APC;CPB;DKS;DTV;GD;JCP;MCP;ONEXF;QCOR;RYAAY;TSCDY From The Last 14 Days
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November 13, 2014
15:19 EDTAPCOne Halliburton employee dead, two hurt after accident, Denver Post reports
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12:39 EDTDKSDick's Sporting volatility elevated into Q3 and outlook
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10:36 EDTGDGeneral Dynamics Canada awarded two contracts on Mercury Global Project
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10:02 EDTGDGeneral Dynamics Land Systems-Canada awarded C$287M contract from Canada
The Government of Canada has awarded a C$287M contract to General Dynamics Land Systems-Canada for the provision and integration of an enhanced surveillance suite on to Canadian LAV III Upgrade vehicles, known as LAV 6.0. The upgraded surveillance system will include a 10-meter retractable mast, an Operator Control Station and a surveillance suite inclusive of radar, thermal/day and image intensification sights, laser range finder and GPS mounted on a stabilized platform. These enhancements will allow for superior detection ranges, on-the-move operation, integrated silent watch power management and the transmission of images through the communications system. Deliveries of LAV 6.0 vehicles equipped with the upgraded surveillance suite will commence in December 2016.
09:40 EDTJCPActive equity options trading
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07:20 EDTJCPJ.C. Penney price target lowered to $7 from $9 at JPMorgan
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06:47 EDTJCPJ.C. Penney Q4 comp guidance likely conservative, says Piper Jaffray
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November 12, 2014
18:29 EDTJCPOn The Fly: After Hours Movers
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16:53 EDTJCPJ.C. Penney pleased with business so far in Novemeber against last years comps
16:40 EDTJCPJ.C. Penney says saw slowdown in September and October
Comments from Q3 earnings conference call.
16:20 EDTJCPJ.C. Penney expects to be free cash flow positive for 2014
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16:11 EDTJCPJ.C. Penney lower by almost 3% to $7.55 after Q3 financial report
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16:09 EDTJCPJ.C. Penney reports Q3 gross margin 36.6%
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16:08 EDTJCPJ.C. Penney sees 2014 SSS 3.5 % to 4.5 %
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16:06 EDTJCPJ.C. Penney sees Q4 SSS to increase 2 %-4 %
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16:05 EDTJCPJ.C. Penney reports Q3 EPS (77c), consensus (80c)
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15:29 EDTJCPNotable companies reporting after market close
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13:32 EDTJCPEarnings Preview: J.C. Penney lowered Q3 SSS view, affirms FY14 metrics in Q3
J.C. Penney (JCP) is scheduled to report third quarter earnings after the market close on Wednesday, November 12, with a conference call scheduled for 4:30 pm ET. J.C. Penney operates about 1,100 retail stores and jcp.com. EXPECTATIONS: Analysts are looking for a loss per share of (80c) on revenue of $2.81B, according to First Call. The consensus range for EPS is (95c)-(54c) on revenue of $2.72B-$2.93B. LAST QUARTER: J.C. Penney reported second quarter adjusted EPS of (75c) against estimates for (93c), on revenue of $2.8B against estimates for $2.79B. Comparable store sales increased 6% for the quarter and online sales through jcp.com were up 16.7% from the year-ago period to $249M. On its Q2 earnings conference call, the company said that expected a "profitable" sales in the back-to-school season, adding that the company could see some "anomalies" in expense during Q3. NEWS: During the quarter, J.C. Penney announced the appointment of Marvin Ellison, EVP of stores at Home Depot (HD), as president and CEO-Designee, effective November 1. Ellison will also join the board, and succeed Myron E. Ullman, III as CEO of the company on August 1, 2015, at which time Ullman will become executive chairman of the board for a period of one year. At its analyst day in October, the retailer lowered its Q3 SSS view to low single digit growth from its previous view of mid single digit growth. J.C. Penney also warned investors that its September sales were weaker than expected. Despite lowering its SSS forecast, the retailer reaffirmed the rest of its quarterly guidance, including gross margins and SG&A expenses, and maintained all of its fiscal year 2014 guidance metrics, including mid-single digit SSS growth and positive free cash flow. STREET RESEARCH: Cleveland Research said J.C. Penney's challenging sales trends continued in October and is positioning to increase promotional activity during the holiday season. Wells Fargo, which has an Underperform rating on the stock, said that Ellison lacks expertise in apparel and accessories, where J.C. Penney is having a tough time. J.C. Penney shares could drop 35% if the company misses on sales growth estimates, Barron's said. PRICE ACTION: Over the last three months, J.C. Penney shares are down almost 20%. In morning trading today ahead of tonight's Q3 report, J. C. Penney's stock is up almost 6% to $7.61.
13:10 EDTJCPJ.C. Penney November weekly 7.5 straddle priced for 11.8% move into Q3
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07:31 EDTAPCBofA/Merrill to hold a conference
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