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Stock Market & Financial Investment News

News Breaks
May 27, 2014
12:18 EDTKORS, FTR, APOL, TIBXOptions with increasing implied volatility: APOL KORS TIBX FTR
News For APOL;KORS;TIBX;FTR From The Last 14 Days
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August 3, 2015
09:23 EDTFTROn The Fly: Pre-market Movers
UP AFTER EARNINGS: Perion Network (PERI), up 10.2%... Array Biopharma (ARRY), up 5.6%... Camtek (CAMT), up 4.9%... Frontier Communications (FTR), up 7%. ALSO HIGHER: Lexicon Pharmaceuticals (LXRX), up 32.2% after TELESTAR Phase 3 study met primary endpoint... OraSure Technologies (OSUR), up 7.5% after receiving FDA emergency use authorization for ebola rapid diagnostic test... Omeros (OMER), up 7.1% after receiving marketing authorization for Omidria from EC... Ford (F), up 1.3% after reporting July U.S. sales. DOWN AFTER EARNINGS: Tyson Foods (TSN), down 8.8%. ALSO LOWER: LinnCo (LNCO), down 4.9% after being downgraded to Sector Perform from Outperform at RBC Capital... Linn Energy (LINE), down 5% after being downgraded to Sector Perform from Outperform at RBC Capital.
07:53 EDTKORSCanaccord remains cautious on Michael Kors heading into earnings
Canaccord said it remains cautious on Michael Kors heading into the company's earnings report on Thursday. The firm believes the sluggishly negative retail traffic trends from last quarter persisted into Q1, leading to a supply/demand imbalance. Canaccord lowered its estimates and price target to $45 from $48 and maintained its Hold rating on Michael Kors shares.
07:21 EDTKORSCoach downgraded to Neutral from Overweight at JPMorgan
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07:17 EDTFTRFrontier Communications sees FY15 free cash flor $825M-$865M
For the full year of 2015, the company is updating its guidance to take into consideration its acceptance of the Federal Communications Commissionís CAF II subsidy program. The companyís expectation for free cash flow is $825M-$865M and for capital expenditures for Frontier business operations is $700M-$750M. The company expects that absent any further legislative changes in 2015, 2015 cash taxes will be $95M-$110M.
07:16 EDTFTRFrontier Communications reports Q2 adjusted EPS 3c, consensus 3c
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06:42 EDTKORSMichael Kors inventory building at retailers, says Piper Jaffray
Piper Jaffray analyst Erinn Murphy lowered her estimates for Michael Kors (KORS) after channel checks indicated the company's inventory is building at retailers like Macy's (M) and Dillard's (DDS). Further, sales of watches remain under pressure in the U.S. and are starting to slow in Europe, Murphy tells investors in a research note. She believes Kors's negative comps will continue beyond this year as its fundamentals continue to deteriorate. Murphy cut her price target for shares to $38 from $44 and keeps a Neutral rating on the name. The handbag maker closed Friday down 13c to $41.99.
06:03 EDTKORSMichael Kors implied volatility of 57 at upper end of index
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July 31, 2015
09:29 EDTFTRFrontier, CWA reach agreement in Texas, Missouri
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05:47 EDTKORSStocks with implied volatility movement; KORS VALE
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July 30, 2015
10:18 EDTKORSMichael Kors call activity attributed to takeover speculation
Michael Kors July 40 and 40.5 calls are active on total call volume of 2500 contracts (300 puts) amid speculation private equity is interested in the company. July weekly call option implied volatility is at 40, August is at 52, September is at 42; compared to its 52-week range of 23 to 54. Active call volume suggests traders taking positions for large price movement,
10:13 EDTKORSRumor: Michael Kors strength attributed to takeover speculation
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July 29, 2015
10:27 EDTAPOLApollo Education slides after receiving CID from FTC
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10:07 EDTAPOLHigh option volume stocks:
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10:00 EDTKORSOn The Fly: Analyst Initiation Summary
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09:14 EDTKORSMichael Kors initiated with a Hold at BB&T
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July 28, 2015
10:23 EDTKORSBMO Capital says high-end handbag makers to stay weak
High end handbag makers Coach (COH), Kate Spade (KATE) and Michael Kors (KORS) are continuing to struggle and their share prices are likely to remain weak, research firm BMO Capital wrote in a note to investors today. The firm significantly cut its price targets on all three names. WHAT'S NEW: Consumers are spending less on high-end handbags as they increase the amount they allocate to other areas, including travel, leisure and apparel, BMO Capital analyst John Morris stated. Consequently, the North American handbag market was expanding at a 5% rate at the end of June, down from a high single digit rate earlier this year, according to Morris. Meanwhile, competition within the space is mounting and handbag price wars are continuing, the analyst stated. Although handbag stocks have dropped significantly and their valuations appear attractive, they are "falling knives," the analyst warned. Assessing the status of specific companies, Morris says that Kate Spade has avoided implementing major price cuts on its products, though its comparative sales and "mind share" have suffered as a result of that decision and stores are displaying its products less prominently. Coach's stock suggests that investors expect the company's fundamentals to rebound, but Morris thinks that their optimism may be premature. The pace of the company's improvement "remains challenging," and it is likely to be hurt by a decline of U.S. tourism, he believes. Also likely to be hurt by declines in tourism is Michael Kors, the analyst stated. The prices of Michael Kors' products are being reduced by retailers, its gross margins are sinking and its watch business is weak, Morris warned. He reduced his price target on Kate Spade to $19 from $30, on Coach to $28 from $37 and on Michael Kors to $40 from $51. The analyst kept Market Perform ratings on all three stocks. PRICE ACTION: In early trading, Kate Spade was little changed at $18.75, Coach fell 0.5% to $30.60 and Michael Kors was fractionally higher at $39.17.
09:04 EDTKORSHandbag makers estimates, price targets lowered at BMO Capital
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July 27, 2015
14:34 EDTFTRFrontier Communications, CWA reach agreement in California
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July 23, 2015
10:00 EDTKORSOn The Fly: Analyst Downgrade Summary
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08:48 EDTKORSMichael Kors downgraded to Neutral from Buy at Buckingham
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