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Stock Market & Financial Investment News

News Breaks
February 19, 2014
10:56 EDTAVP, ANGI, WTW, FOSL, AFSIOptions with decreasing implied volatility: AVP ANGI WTW FOSL AFSI
News For AVP;ANGI;WTW;FOSL;AFSI From The Last 14 Days
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July 24, 2014
12:05 EDTANGIAngie's List plummets after Q2 report triggers multiple downgrades
Shares of consumer-driven review service Angie's List (ANGI) are plummeting after the company reported second quarter losses per share and revenue that were worse than expected, prompting a number of downgrades of its stock by Wall Street analysts. WHAT'S NEW: Angie's List reported a Q2 loss per share of (31c) which was worse than analysts' consensus forecast for a (24c) per share loss. The company's Q2 revenue was $78.9M, which was below analysts' consensus of $80.19M. The review service reported Q2 gross member additions of approximately 399K at an average cost per acquisition of $90 and reported total end of period paid memberships of 2.84M. Angie's Q2 average membership renewal rate was 77%. Angie's List guided to Q3 revenue of $80.5M-$82.5M, which is lower than analysts' consensus of $86.63M. Angie's List added that it expects to generate positive adjusted EBITDA for FY14, with CEO Bill Oesterle saying, "While revenue growth in e-commerce was lower than expected, we continued to make progress against our strategy of enabling service providers and populating their stores with offers. We expect significant improvement in margin in the second half of the year and continue to see compelling opportunities for growth." ANALYST REACTION: After Angie's List's report, at least seven Street research firms downgraded their ratings on its stock. Oppenheimer analyst Jason Helfstein downgraded Angie's List to Perform from Outperform, stating that while executives feels that vendor renewal rates are strong, the ratio of selling expense to vendor revenue is leaning negatively, productivity per rep is decreasing and e-commerce revenue is decelerating. MKM Partners analyst Rob Sanderson downgraded the review service company to Neutral from Buy, saying that Angie's List gave several "layers" of disappointing news in the Q2 earnings report. Sanderson said that the data went against its anticipation for signs of stability this quarter. Piper Jaffray analyst Gene Munster lowered his price target for Angie's List to $12 from $17 and believes that shares of Angie's List, but believes shares are "washed out" after the company gave its Q2 report. Munster perceives the firm's outlook to be conservative and feels investor anticipations are at "rock bottom," which could mean that any optimistic updates from Angie's list could have "meaningful" and "positive" benefit. Munster maintained an Overweight rating on the stock. PRICE ACTION: During midday trading, shares of Angie's List fell $2.07, or 20% to $8.10. OTHERS TO WATCH: Yelp (YELP), which also allows users to review local businesses, is up 1% to $69.40 near noon.
11:01 EDTAVPAvon Products August volatility elevated into Q2 and growth outlook
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10:03 EDTANGIOn The Fly: Analyst Downgrade Summary
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09:16 EDTANGIOn The Fly: Pre-market Movers
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06:52 EDTANGIAngie's List downgraded to Underperform from Outperform at Northland
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06:31 EDTANGIAngie's List downgraded to Neutral from Buy at MKM Partners
MKM Partners downgraded Angie's List to Neutral following the company's weaker than expected Q2 results. Shares were downgraded at five other firms this morning.
06:30 EDTANGIAngie's List downgraded to Sector Perform from Outperform at RBC Capital
RBC Capital downgraded Angie's List to Sector Perform with a $10 price target following the company's weaker than expected Q2 results. Shares were downgraded at four other firms this morning.
06:29 EDTANGIAngie's List downgraded to Neutral from Buy at Janney Capital
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06:28 EDTANGIAngie's List downgraded to Perform from Outperform at Oppenheimer
Oppenheimer downgraded Angie's List to Perform citing concern over sales productivity following the company's weaker than expected Q2 results. Shares were also downgraded this morning at BofA/Merrill and First Analysis.
06:22 EDTANGIAngie's List downgraded to Equal Weight from Overweight at First Analysis
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06:17 EDTFOSLMichael Kors watch momentum moderating, says Citigroup
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06:08 EDTANGIAngie's List downgraded to Neutral from Buy at BofA/Merrill
05:48 EDTANGIAngie's List shares washed out, guidance conservative, says Piper Jaffray
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July 23, 2014
18:34 EDTANGIOn The Fly: After Hours Movers
UP AFTER EARNINGS: Fortinet (FTNT), up 7.8%... Hanesbrands (HBI), up 5.4%... 8x8 (EGHT), up 5.1%... Infinera (INFN), up 4.9%... Facebook (FB), reverses and is now trading up 5.1% following second quarter earnings conference call. NOTABLE: Twitter (TWTR), up 1.7%, LinkedIn (LNKD), up marginally, and Yelp (YELP), up 1.6% after Facebook reports second quarter results. ALSO HIGHER: Spectranetics (SPNC), up 7.1% after receiving FDA clearance for atherectomy products, Turbo-Tandem and Turbo Elite... Ariad Pharmaceuticals (ARIA), up 7.1%... Jamba (JMBA), up 3.8% after Engaged Capital reports stake in the company and announced that they had discussions with management. DOWN AFTER EARNINGS: AT&T (T), down 1.2%... Angie's List (ANGI), down 16.4%... Tripadvisor (TRIP), down 11.5%... Orchids Paper (TIS), down 7.4%... Cirrus Logic (CRUS), down 6.6%... Cliffs Natural (CLF), down 1.2%... Teradyne (TER), down 4%. ALSO LOWER: Kandi Technologies (KNDI), down 3.8% after being mentioned negatively in a Seeking Alpha blog post.
16:23 EDTANGIAngie's List drops to fresh low after results, first look
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16:16 EDTANGIAngie's List sees positive adjusted EBITDA for FY14
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16:16 EDTANGIAngie's List sees Q3 revenue $80.5M-$82.5M, consensus $86.63M
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16:15 EDTANGIAngie's List reports Q2 EPS (31c), consensus (24c)
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09:28 EDTANGIAngie's List should report in-line Q2 results, says Janney Capital
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July 22, 2014
11:44 EDTWTWWeight Watchers August volatility elevated into Q2 and enrollment guidance
Weight Watchers August call option implied volatility is at 57, September is at 43, January is at 37; compared to its 26-week average of 44 according to Track Data, suggesting larger near term price movement into the expected release of Q2 results on July 30.
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