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Stock Market & Financial Investment News

News For BV;BBY;CYTX;ALXA;ZQK;ADBE From The Last 14 Days
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January 15, 2015
09:44 EDTBBYBest Buy tumbles on outlook, levels to watch
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09:15 EDTBBYOn The Fly: Pre-market Movers
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07:07 EDTBBYBest Buy sees y/y pressure on operating income rate as early as 1Q16
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07:05 EDTBBYBest Buy sees impact of external pressures continuing in FY16
The company says, "We do expect the impact of the external pressures he laid out to continue throughout FY16 and the impact of the incremental investments to begin in the first quarter. Additionally, we believe that the positive Domestic sales trends that we saw in mobile phones and home theater during the holiday period, in addition to the share gains we saw across other NPD-reported Consumer Electronics categories, were partially driven by the excitement around high-profile products and will not likely continue at holiday levels. As such, while we are excited about these investments and confident in our ability to execute against them, we are also appropriately cautious about the pressures. Therefore, we are currently expecting enterprise comparable sales in the first half of FY16, excluding the estimated impact of installment billing, to be flat to negative low-single digits and the non-GAAP operating income rate to be down approximately 30 to 50 basis points reflecting a more modest sales environment and the impact of our incremental investments and SG&A inflation. We will more deeply discuss our growth initiatives, investments and external pressures in our fourth quarter earnings call in March after we have completed our FY16 operating plans.
07:05 EDTBBYBest Buy says increases Q4 outlook ex-Five Star business
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07:04 EDTBBYBest Buy CEO says holiday period growth rate lower than previous quarters
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07:03 EDTBBYBest Buy reports holiday period domestic revenue $10.13B, up 4.1% from last year
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07:01 EDTBBYBest Buy reports holiday domestic SSS up 2.6%
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January 14, 2015
18:18 EDTADBEOn The Fly: After Hours Movers
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16:26 EDTADBEAdobe announces $2.0B stock repurchase plan through FY17
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10:21 EDTBBYOptions with decreasing implied volatility
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06:29 EDTADBECompanies reach new deal on worker hiring issue, Reuters says
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January 13, 2015
10:17 EDTBBYOptions with decreasing implied volatility
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10:00 EDTBBYOn The Fly: Analyst Upgrade Summary
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09:07 EDTBBYOn The Fly: Pre-market Movers
HIGHER: Apple (AAPL), up 1.4% after Credit Suisse upgraded Apple to Outperform and raised its iPhone volume estimates again... Best Buy (BBY), up 2.8% after being upgraded to Buy from Neutral at Goldman... SunPower (SPWR), up 2.6% after being upgraded to Outperform at Credit Suisse... Alcoa (AA), up 2% after Q4 results beat expectations. RISING AFTER GUIDANCE: Pharmacyclics (PCYC), up 17.5%... CTI BioPharma (CTIC), up 8.3%... Emulex (ELX), up 15.5%... ARIAD (ARIA), up 2.6%. LOWER: ChannelAdvisor (ECOM), down 42% following preliminary fourth quarter revenue guidance and after receiving multiple analyst downgrades... Antares Pharma (ATRS), down 7.7% after the FDA recommended that the company create a larger safety database for its clinical development program for QuickShot Testosterone.
07:47 EDTADBEUBS to hold investor trip
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05:49 EDTBBYBest Buy volatility elevated into holiday sales report
Best Buy January call option volatility is at 110, February is at 50, March is at 47; compared to its 26-week average of 37 according to Track Data, suggesting large price movement into holiday sales report.
05:39 EDTBBYBest Buy upgraded to Buy from Neutral at Goldman
Goldman Sachs upgraded Best Buy to Buy from Neutral saying a pick-up in advanced TV sales and good sector fundamentals should drive better than expected Q4 results. Goldman also thinks shares will react favorably to any capital allocation decisions made by management given the retailer's "hefty" cash position. It raised its price target for shares to $45 from $38. Best Buy closed yesterday up $1.03 to $39.09.
January 12, 2015
08:03 EDTCYTXFDA approves Cytori's U.S. pivotal scleroderma trial
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07:35 EDTADBENational Retail Federation to hold a trade show
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