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March 12, 2013
11:00 EDTTWX, DKS, PIP, FNF, AVBHigh option volume stocks: AVB PIP TWX FNF DKS
News For AVB;PIP;TWX;FNF;DKS From The Last 14 Days
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November 17, 2015
10:16 EDTDKSDick's Sporting says this is a 'difficult environment' for many retailers
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10:14 EDTDKSDick's Sporting sees margin pressure in Q4
Says working with key vendors to return slow moving product as well as canceling some orders. Says warm weather putting pressure on sales and traffic, affecting inventory levels. Says more promotional holiday season to create additional margin pressure.
10:07 EDTDKSDick's Sporting says 'off to a slow start' in Q4
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10:02 EDTDKSHigh option volume stocks
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10:01 EDTDKSUnder Armour, Nike slide after Dick's outlook misses expectations
Shares of Under Armour (UA) and Nike (NKE) slipped after Dick's Sporting Goods (DKS) provided guidance for the fourth quarter and fiscal 2015 that both missed consensus estimates. WHAT'S NEW: Dick's Sporting Goods reported Q3 adjusted earnings per share of 45c on revenue of $1.64B, mostly in-line with analyst estimates of 47c on revenues of $1.64B. The company guided for Q4 EPS of $1.10-$1.25, short of the consensus estimate of $1.43. Dick's also said it anticipates FY15 adjusted EPS of $2.85-$3.00, lower than current analyst expectations of $3.19. STREET RESEARCH: Following the report, Baird analyst Justin Kleber said that Dick's Sporting Goods is the "strongest player" in its segment, which should enable the company to grow its sector-leading 10% market share at the expense of smaller competitors. The analyst added that profitability for the company should improve as volumes increase and as the company leverages its store base to fulfill further orders. Kleber said that Dick's Sporting Goods' e-commerce business will be more profitable than its brick-and-mortar business by 2017. The analyst maintained a Neutral rating and $48 price target on Dick's Sporting Goods' stock. PRICE ACTION: In morning trading, Dick's Sporting Goods dropped 17.5% to $33.67, while supplier Under Armour fell 5.6% to $84.95 and Nike was down 2% to $121.08. Dick's peers fell as well, with Finish Line (FINL) dropping 1%, Foot Locker (FL) slid 1.3% and Cabela's (CAB) dipping marginally in morning trading.
09:20 EDTDKSDick's Sporting drops sharply after earnings and outlook
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09:15 EDTDKSOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Nuance (NUAN), up 9.1%... Cheetah Mobile (CMCM), up 7.7%... Eros International (EROS), up 12.8%... Home Depot (HD), up 3.1%...Wal-Mart (WMT), up 2.2%. ALSO HIGHER: Ocera Therapeutics (OCRX), up 14.8% after announcing Phase 1 study results for the company's oral formulation of OCR-002... Fitbit (FIT), up 2.4% after being upgraded to Buy from Neutral at BofA/Merrill. DOWN AFTER EARNINGS: Dicks Sporting Goods (DKS), down 15.4%... Urban Outfitters (URBN), down 12.8%. ALSO LOWER: Osiris Therapeutics (OSIR), up 25.5% after being downgraded to Sell from Hold at Brean Capital... Angie's List (ANGI), down 8.7% after board unanimously determines not to pursue IAC (IACI) proposal... Clovis Oncology (CLVS), down 4.1% after receiving downgrades from Goldman and WallachBeth... Chesapeake Energy (CHK), down 2.5% after being downgraded to Neutral from Buy at Sterne Agee CRT... Cooper Companies (COO), down 2% after being downgraded to Market Perform from Outperform at Wells Fargo.
09:14 EDTTWXDolby, VUDU to release Warner Bros. titles for Dolby Vision
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08:56 EDTTWXTime Warner announces proposed debt offering
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08:34 EDTAVBNAREIT to hold a conference
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07:33 EDTDKSDick's Sporting sees FY15 CapEx $245M on net basis, $365M on gross basis
07:33 EDTDKSDick's Sporting sees Q4 EPS $1.10-$1.25, consensus $1.43
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07:33 EDTDKSDick's Sporting sees FY15 non-GAAP EPS $2.85-$3.00, consensus $3.19
The company's consolidated earnings per diluted share guidance contemplates the $300M of share repurchases executed in 2015.
07:32 EDTDKSDick's Sporting opened 27 new Dick's Sporting Goods stores in Q3
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07:31 EDTDKSDick's Sporting reports Q3 non-GAAP EPS 45c, consensus 47c
Reports Q3 revenue $1.64B, consensus $1.64B. Reports Q3 SSS up 0.4%.
November 16, 2015
17:02 EDTTWXPoint72 added to lululemon position, subtracted from Netflix position
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15:53 EDTTWXJANA Partners reduces stakes in Rackspace, Qualcomm
JANA Partners gave a quarterly update on its stakes in a filing this afternoon. NEW STAKES: Mattel (MAT), Zoetis (ZTS), and Aramark (ARMK). INCREASED STAKES: ConAgra Foods (CAG). DECREASED STAKES: Rackspace (RAX), Qualcomm (QCOM), Time Warner (TWX), Starz (STRZA), and Lions Gate (LGF). LIQUIDATED STAKES: Johnson Controls (JCI), Precision Castparts (PCP), AerCap Holdings (AER), United Rentals (URI), and HD Supply Holdings (HDS).
15:08 EDTDKSDick's Sporting November 41 straddle priced for 9.4% movement into Q3
15:02 EDTDKSNotable companies reporting before tomorrow's open
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November 15, 2015
17:09 EDTTWX'Spectre' stays uncatchable while Christmas-themed 'Coopers' outperforms
"Spectre" and "The Peanuts" remained in first and second place, respectively, at the domestic box office while Christmas comedy "Love The Coopers" topped expectations heading into the holiday period. WEEKEND LEADER: Sony's (SNE) "Spectre" grossed $35.4M in the U.S. for the weekend of November 15, falling roughly 50% from its $73M domestic open. Globally speaking, the latest James Bond film has pulled in $543.8M in just its second week at the box office. BOX OFFICE RUNNERS-UP: Fox's (FOX, FOXA) "The Peanuts Movie" earned $24.2M, as Charlie Brown and friends fell somewhat short of analyst expectations for $28.7M. Meanwhile, Lionsgate's (LGF) Christmas-themed comedy "Love The Coopers" debuted at $8.4M, beating estimates of $5.2M-$8M despite harsh reviews. Rounding out the weekend's Top 5 were Fox's "The Martian" with $6.7M and newcomer "The 33" at $5.8M. Analyst expectations ranged $5.5M-$10M for the disaster survival drama from Time Warner's (TWX) Warner Bros.
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