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Stock Market & Financial Investment News

News Breaks
May 29, 2014
11:17 EDTSHLD, ANF, ARUN, WUBA, WB, KERX, BBY, FTR, RMTI, DBOptions with decreasing implied volatility
Options with decreasing implied volatility: ARUN RMTI KERX ANF FTR WB SHLD BBY WUBA DB
News For ARUN;RMTI;KERX;ANF;FTR;WB;SHLD;BBY;WUBA;DB From The Last 14 Days
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May 20, 2015
06:07 EDTBBYStocks with implied volatility above IV index mean; KORS BBY
Stocks with implied volatility above IV index mean; Michael Kors (KORS) 40, Best Buy (BBY) 37 according to iVolatility.
May 19, 2015
11:59 EDTKERXOptions with decreasing implied volatilit
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09:53 EDTBBYBest Buy May volatility elevated into Q1 and outlook
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06:15 EDTDBDeutsche Bank explores moving parts if UK leaves EU, Financial Times says
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May 18, 2015
20:16 EDTANFUrban Outfitters down over 16% after disappointing Q1 results
Urban Oufitters (URBN) is down sharply after reporting first quarter earnings per share and revenue that missed analyst estimates. WHAT'S NEW: Urban Oufitters reported Q1 EPS of 25c on revenue of $739.01M, below consensus expectations of 30c and $758.25M, respectively. Urban Outfitters also reported Q1 comparable retail segment net sales up 4%, with Q1 retail segment net sales increasing 17% at Free People, 5% at Urban Outfitters, and 1% at the Anthropologie Group. Wholesale segment net sales rose 18%. WHAT'S NOTABLE: On its Q1 earnings conference call, Urban Outfitters announced that Urban Outfitters Group CEO Ted Marlow, who oversaw the direction of the namesake brand, would retire at the end of August. While Urban Outfitters did not provide guidance, Urban Outfitters Anthropologie Group CEO David McCreight commented on the Anthropologie brand, "We're expecting we could see Q2 shaping up like Q1 in terms of low single-digit comps. We could also see being in the low-mid-single digit comps. It's hard to tell at this point." ANALYST REACTION: Two analyst firms lowered their respective price targets on Urban Outfitters following the company's earnings report. Sterne Agee, which rates Urban Outfitters a Neutral, lowered its 12-month price target to $34 from $46, noting the company has had trouble getting both its Urban Outfitters and Anthropologie brands to perform at the same time. Cantor, which maintained its Buy rating, lowered its price target to $53 from $54, saying that Anthropologie sales disappointed, but noting that a "later catalog release appears to us to have pushed some sales at Anthropologie into May." PRICE ACTION: Urban Outfitters fell 16.4% to just over $34 in after-hours trading. PEERS: Other publicly traded companies in the space include Abercrombie & Fitch (ANF), American Eagle (AEO), Five Below (FIVE), Pacific Sunwear (PSUN), and Zumiez (ZUMZ).
19:20 EDTDBDeutsche Bank retail chief to quit after disagreement, Reuters says
Rainer Neske, Deutsche Bank's head of retail banking, is set to resign because he disagrees with the company's restructuring program, reports Reuters, citing unnamed industry sources quoted by Handelsblatt. Reuters notes that the restructuring involves selling the Postbank retail business, increasing investments in equities and wealth management, and divesting up to $169.65B in investment bank assets. Reference Link
16:21 EDTWBOn The Fly: Top stock stories for Monday
Stocks on Wall Street advanced in Monday trading, sending the Dow Jones Industrial Average and the S&P 500 to new all-time closing highs. The early part of the day saw the market move in a narrow range, but by early afternoon the market punched through its upper range and moved to session highs. The market drifted throughout the afternoon as the news flow was quiet and the trading volume remained light. ECONOMIC EVENTS: In the U.S., the National Association of Home Builders’ confidence index fell 2 points to a reading of 54 in May, missing expectations for a 1 point increase to a reading of 57. COMPANY NEWS: Shares of Apple (AAPL) advanced $1.47, or 1.14%, to $130.24 after noted investor Carl Icahn stated in an open letter to the company's CEO that he thinks other investors, analysts and the news media continue to misunderstand Apple and that its stock is "worth $240 today." Icahn urged Apple CEO Tim Cook to take advantage by launching a "much larger buyback" of the iPhone maker's shares. Separately, FBR Capital analysts Daniel Ives and James Moore wrote this morning in a note to investors that the Street is still underestimating Apple's growth outlook in China. The analysts believe that Apple's China revenue will exceed its revenue from the Americas in fiscal 2017... Endo International (ENDP) slid $4.53, or 5.31%, to $80.82 after the company agreed to pay $8B for privately held Par Pharmaceutical, which will roughly double Endo’s generics revenue and place its generics business among the top five as measured by U.S. sales. MAJOR MOVERS: Among the notable gainers was Ann Inc. (ANN), which surged $7.69, or 19.87%, to $46.40 after agreeing to be acquired by Ascena Retail Group (ASNA) for about $2.15B in cash and stock. Ascena, which agreed to pay $37.34 in cash and 0.68 of a share of its own common stock in exchange for each share of the parent of the Ann Taylor brand, slipped 14c, or 0.99%, to $14.07 after announcing the deal. Also higher was Achillion (ACHN), which rose $1.41, or 14.79%, to $10.98 after the company cancelled its presentation at the UBS Global Healthcare Conference. Conference cancellations often generate speculation as to whether a company is engaged in merger or acquisition talks. Among the noteworthy losers was Eleven Biotherapeutics (EBIO), which dropped $8.29, or 69.26%, to $3.68 after announcing the company’s Phase 3 study of its lead drug candidate, EBI-005, in moderate to severe dry eye disease did not meet either of its two co-primary endpoints. Also lower were shares of Weibo (WB), which fell 87c, or 5.24%, to $15.73 after the shares were downgraded to Hold from Buy at Summit Research. INDEXES: The Dow rose 26.32, or 0.14%, to 18,298.88, the Nasdaq gained 30.15, or 0.6%, to 5,078.44, and the S&P 500 added 6.47, or 0.3%, to 2,129.20.
15:16 EDTSHLDSears Holdings May weekly volatility increases into Q1 and outlook
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09:43 EDTWBWeibo downgraded to Hold from Buy at Summit Research
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06:58 EDTDBDeutsche Bank co-CEOs won't step down, Reuters reports
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May 15, 2015
13:46 EDTSHLDSears Holdings May weekly volatility elevated into Q1 and outlook
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11:31 EDTWBInvestors likely to be slightly cautious on Weibo in near-term, says Piper
Piepr Jaffray says that Weibo's guidance was "relatively weak" due to the timing of its revenue from Alibaba (BABA). However, the firm thinks the acceleration in Weibo's user growth to 38% from 36% is a positive sign, and it keeps a $22 price target and Overweight rating on the shares.
10:34 EDTFTROptions with increasing implied volatility
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10:09 EDTWBInvestors likely to be slightly cautious on Weibo in near-term, says Piper
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May 14, 2015
19:02 EDTWBOn The Fly: After Hours Movers
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16:36 EDTWBWeibo sees Q2 revenue $102M-$105M, consensus $111.39M
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16:35 EDTWBWeibo reports 198M monthly active users in March, up 38% y/y
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16:33 EDTWBWeibo reports Q1 adjusted EPS 1c, consensus 1c
Reports Q1 revenue $96.3M, consensus $94.64M.
14:53 EDTWBWeibo technical comments before earnings news
On the daily chart ahead of earnings news, the key technical feature is a potential bullish pennant. The pattern is technically already in progress, but it will now be earnings news that determines whether or not that pattern remains active. If the news is bullish, potential for the pattern is to the $20 to $20.50 level. This is the point from which the downtrend of last year began in November. Resistance above $20.50 would be at $21.48. If the news is bearish, then the currently technical bullish tone of the pattern could result in a loss as deep as the potential target upside. The first level of significance on the downside is the 50-day moving average at $14.99. Next support on a breakdown below that average would be at $14.13 and $13.11.
06:04 EDTDBUnivision IPO could launch 'in weeks,' NY Post reports
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