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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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August 26, 2014
11:44 EDTWTWOptions with increasing implied volatility
Options with increasing implied volatility: TLM CODE TRW GILD WTW PSEC
11:31 EDTFOSLMovado tumbles after second quarter results, outlook miss estimates
Shares of luxury watch maker Movado (MOV) are falling after the company's second quarter results and fiscal 2015 outlook missed analysts' consensus estimates. WHAT'S NEW: This morning, Movado reported Q2 adjusted earnings per share of 44c and revenue of $143.6M, missing analysts' consensus estimates of 54c and $152.99M, respectively. Q2 gross profit was 54% of sales, compared to 54.1% of sales, in the prior year period. Gross margin percentage remained relatively flat as a result of the unfavorable impact of changes in foreign currency exchange rates, offset by the leverage gained on certain fixed costs due to increased sales. WHAT'S NOTABLE: Movado forecast FY15 EPS of $2.44, slightly short of the consensus of $2.46. FY15 revenue was seen at $640M, compared to consensus of $640.17M, while FY15 gross margin is expected to be approximately flat, year over year. Efraim Grinberg, Chairman and CEO, stated , "We anticipate our sales growth to accelerate during the second half of the year, as strong sell-through rates at retail are expected to drive new shipments and replenishment growth and we continue to benefit from the expansion of our Movado and licensed brands around the world. We will also continue to invest in our infrastructure and growth initiatives, including investments in Asia and Latin America. We continue to believe that our strategies have us positioned to achieve our goal of delivering sustainable profitable growth." PRICE ACTION: In late morning trading, Movado fell $3.08, or about 7%, to $40.96 on heavy trading volume. Despite today's pull back, the stock is up almost 8% over the past 12 months. OTHERS TO WATCH: Movado's peer, Fossil Group (FOSL), is up 0.2% on the session.
11:23 EDTAFSITRW September volatility elevated
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August 22, 2014
11:24 EDTANGIAngie's List reduces salesforce by 97 employees
Angie’s List disclosed in a regulatory filing that it reduced its salesforce by 97 employees as part of its "focus on improving salesforce performance and productivity." It added, "The reduction in headcount will affect most units within the sales organization, with the largest percentage reduction coming from the BigDeal sales team. In addition, the Company will implement new performance-based measurements in its sales organization to better align salesforce objectives with its strategy. Angie’s List expects to add resources to its salesforce over time to support growth in both advertising and e-commerce revenue."
August 20, 2014
11:47 EDTWTWOptions with increasing implied volatilit
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