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Stock Market & Financial Investment News

News Breaks
August 12, 2014
11:10 EDTFENG, ODP, ARO, NDLS, GPI, KATE, LINTA, ICPT, ACOHigh option volume stocks
High option volume stocks: ACM KATE ARO TKMR ODP ICPT GPI FENG LINTA NDLS
News For ARO;ACO;KATE;ODP;ICPT;GPI;FENG;LINTA;NDLS From The Last 14 Days
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July 31, 2015
15:11 EDTKATEKate Spade volatility elevated into Q2 and outlook
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July 29, 2015
10:41 EDTODPOptions with increasing implied volatility
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10:27 EDTODPOptions with decreasing implied volatility
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10:00 EDTAROOn The Fly: Analyst Downgrade Summary
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06:04 EDTAROAeropostale downgraded to Sell from Neutral at UBS
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July 28, 2015
10:38 EDTODPOptions with increasing implied volatility
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10:23 EDTKATEBMO 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 EDTKATEHandbag makers estimates, price targets lowered at BMO Capital
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July 24, 2015
06:53 EDTODPAmazon urges FTC to approve Staples-Office Depot deal, NY Post says
Amazon (AMZN) founder and CEO Jeff Bezos has reached out to FTC regulators through intermediaries supporting approval of Staples' (SPLS) proposed $6.3B offer to acquire Office Depot (ODP), the New York Post reports, citing sources familiar with the matter. Reference Link
July 23, 2015
07:17 EDTGPIGroup 1 Automotive reports Q2 adjusted EPS $1.98, consensus $1.81
Reports Q2 revenue $2.73B, consensus $2.71B. New vehicle revenue increased 4.7%, reflecting 5.4% higher unit sales, as U.S. Same Store new vehicle revenue increased 5.2%, reflecting unit sales growth of 4.5%. Used vehicle retail revenue increased 18.2%, primarily reflecting 17.7% higher used retail unit sales. U.S. Same Store used vehicle revenue increased 16.1%, reflecting 14.2% growth in unit sales
July 20, 2015
13:18 EDTAROOptions with increasing call volume
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