New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 22, 2014
06:04 EDTBBY, LULUStocks with implied volatility below IV index mean; BBY LULU
Stocks with implied volatility below IV index mean; Best Buy (BBY) 45, Lululemon (LULU) 33 according to iVolatility.
News For BBY;LULU From The Last 14 Days
Check below for free stories on BBY;LULU the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
September 12, 2014
07:08 EDTLULUlululemon may be at beginning of positive turning point, says SunTrust
Subscribe for More Information
September 11, 2014
17:33 EDTLULUSell lululemon during rally, Barron's says
Lululemon still has problems ahead and investors should sell during the recent rally, Barron's argues in its 'Barron's Take' column. Reference Link
16:21 EDTLULUOn The Fly: Closing Wrap
Subscribe for More Information
13:29 EDTLULUlululemon price target raised to $55 from $45 at Barclays
Subscribe for More Information
12:16 EDTLULUOn The Fly: Midday Wrap
Stocks on Wall Street opened in negative territory and have remained there throughout the morning. Initial jobless claims, reported prior to the open, did little to stoke buying after coming in higher than expected. The market has drifted off its lows of the session but the averages once again remain range bound. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 11K to 315K in the week ended September 6, versus expectations for them to tick down slightly to 300K. The Federal budget for August is scheduled to be reported at 2:00 pm ET, with a deficit of $130.0B forecast. COMPANY NEWS: Shares of yoga-inspired apparel maker lululemon (LULU) rose over 15% after the company reported better than expected second quarter results and increased its fiscal year guidance. Meanwhile, shares of another well-known retailer, RadioShack (RSH), advanced 16% after its own quarterly report, despite acknowledging it will need additional capital to complete its turnaround and that it may need to pursue a bankruptcy filing. MAJOR MOVERS: Among the notable gainers was JDSU (JDSU), which advanced 11% after announcing last night that it plans to separate into two publicly traded companies, namely an optical components and commercial lasers one and another focused on network and service enablement. This morning the stock was upgraded at RBC Capital to Outperform, as the firm believes that the split should enable the entities to streamline their costs and that the shares could reach a $40 value over the long-term. Also higher was Taminco (TAM), which rose nearly 11% and traded above the $26.00 per share price it agreed to in striking a deal to be acquired by Eastman Chemical (EMN). Of note, the deal includes a "go shop" provision under which Taminco may solicit alternative acquisition proposals for a thirty day period. Following the announcement, Eastman shares rose a bit over 1%. Among the noteworthy losers was E2open (EOPN), which plunged 30% and was downgraded at Pacific Crest and Northland after the company pre-announced Q2 results and issued weaker than expected 2015 revenue guidance. Also lower were shares of China's 21Vianet (VNET), which fell 17% after the company hosted a conference call to discuss the recent allegations made by a short seller. INDEXES: Near midday, the Dow was down 40.49, or 0.24%, to 17,028.22, the Nasdaq was down 12.73, or 0.28%, to 4,573.80, and the S&P 500 was down 3.66, or 0.18%, to 1,992.03.
11:07 EDTLULUOptions with decreasing implied volatility
Subscribe for More Information
10:47 EDTLULULululemon raises FY14 outlook as Q2 earnings beat analysts' estimates
Shares of Lululemon (LULU), a designer and retailer of yoga-inspired apparel operating primarily in North America and Australia, are sharply higher this morning after the company reported better than expected second quarter results and increased its fiscal year guidance. WHAT'S NEW: Lululemon reported Q2 earnings per share of 33c on revenue of $390.7M, beating analysts' consensus estimates of 29c and $367.8M, respectively. Total comparable sales, which includes comparable store sales and direct to consumer, were flat for the quarter on a constant dollar basis. Same-store-sales for the period fell 5% on a constant dollar basis and direct to consumer revenue increased 30% on a constant dollar basis, the company said. Chief Executive Officer Laurent Potdevin said the company is making "meaningful progress on building a scalable foundation for our next phase of global growth." Looking ahead, lululemon sees third quarter EPS to be in the range of 36c-38c on revenue of $420M-$425M, in line with analysts' estimates of 38c and $421.85M, respectively. The retailer anticipates total SSS for the quarter to be up in the low single digits on a constant-dollar basis. WHAT'S NOTABLE: After previously cutting its fiscal year 2014 EPS guidance to $1.71-$1.75 from $1.80-$1.90, lululemon this morning raised its normalized EPS view to $1.72-$1.77. The company also raised the bottom end of its revenue guidance to $1.78B-$1.8B from $1.77B-$1.8B; the company's revenue view had previously been lowered to $1.77B-$1.8B from $1.77B-$1.82B. For the fiscal year, analysts are expecting EPS of $1.74 and revenue of $1.78B. For FY14, the company sees total comparable SSS to be up in the low single digits on a constant-dollar basis. During Q2, lululemon founder Chip Wilson and Advent International entered into an agreement under which Wilson would sell half his stake to private equity firm Advent for $845M and Advent would receive two board seats and review the company's governance. On its Q2 earnings conference call, lululemon said that it is "happy" to have Advent back as a shareholder and is "looking forward" to having Advent's guidance going forward. The retailer forecast Q3 and FY14 gross margin of approximately 51% and said it is on track to open a store in Singapore in the fourth quarter. PRICE ACTION: During morning trading, lululemon rose $6.29 or 16.78%, to $44.69.
09:56 EDTLULUlululemon sees near-term gross margin in a similar range to Q2
Subscribe for More Information
09:31 EDTLULUlululemon raises FY14 normalized EPS view to $1.72-$1.77 from $1.71-$1.76
Consensus $1.74. Narrows FY14 revenue guidance to $1.78B-$1.8B from $1.77B-$1.8B, consensus $1.78B. Sees FY14 total comparable sales up in the low single digits on a constant-dollar basis. The company said, "We are pleased to be on track with the implementation of our strategic road map, and are starting to see the results of our work across product, brand and international expansion. While there is still much to be done, we are making meaningful progress on building a scalable foundation for our next phase of global growth, and I'm excited about the collaboration between our Whitespace team and ambassadors to accelerate innovation into the future."
09:29 EDTLULUlululemon says 'happy' to have Advent back as shareholder
Says "happy" to have Advent back as a shareholder, "looking forward" to having Advent's guidance going forward. Says on track to open store in Singapore in Q4. Sees Q3, FY14 gross margin approximately 51%. Expects to open 47 corporate owned stores in FY14. Sees FY14 CapEx $110M-$115M. Comments made on the Q2 earnings conference call.
09:18 EDTLULUOn The Fly: Pre-market Movers
UP AFTER EARNINGS: lululemon (LULU), up 15%... Sigma Designs (SIGM), up 7%. ALSO HIGHER: JDSU (JDSU), up 13.8% after announcing that it will separate into two publicly traded companies... Wet Seal (WTSL), up 4.5%, upgraded at B. Riley following Q2 earnings results... Gogo (GOGO), up 5% after announcing partnership with T-Mobile (TMUS)... Digital Ally (DGLY), up 8.4% after announcing plans to introduce "bullet camera" option at October police conference. DOWN AFTER EARNINGS: Restoration Hardware (RH), down 5%... Five Below (FIVE), down 5.6%. LOWER: Radio Shack (RSH), down 8% after reporting Q2 losses, stating that it may need to pursue bankruptcy... E2open (EOPN), down 29%, downgraded at Pacific Crest and Northland after the company announced preliminary Q2 earnings results... Twitter (TWTR), down 1% after announcing that it will offer $1.3B in convertible unsecured senior notes... Crocs (CROX), down 2.6% after downgraded at Buckingham... Macy's (M), down 1.3% after downgraded at Sterne Agee.
07:13 EDTBBYSome retailers wary of Apple Pay platform, Reuters says
Apple (AAPL) Pay's success is dependent on incorporating more large retailers such as Wal-Mart (WMT) and Best Buy (BBY) into the service, but both retailers recently ceased accepting payments using NFC terminals, according to Reuters, citing comments from Best Buy spokesman Jeff Shelman. Shelman said, "At this point we have no plans to accept Apple Pay." Reference Link
05:47 EDTLULUlululemon sees Q3 EPS 36c-38c, consensus 38c
Subscribe for More Information
05:44 EDTLULUlululemon reports Q2 EPS 33c, consensus 29c
Subscribe for More Information
September 10, 2014
15:50 EDTLULUNotable companies reporting before tomorrow's open
Subscribe for More Information
15:04 EDTLULULululemon Athletica September 38.5 weekly straddle priced for 7.7% move into Q2
Subscribe for More Information
13:51 EDTLULUlululemon technical commentary ahead of results
Subscribe for More Information
13:25 EDTLULUEarnings Preview: Lululemon could report 'sharply' lower Q2 profit
Subscribe for More Information
September 9, 2014
09:50 EDTLULULululemon Athletica September volatility increases into Q2
Subscribe for More Information
06:39 EDTLULUlululemon valuation unattractive ahead of results, says Deutsche Bank
Deutsche Bank says lululemon's valuation is unattractive ahead of the company's Q2 results on Thursday morning. Deutsche sees a lack of visibility on when comps will improve and remains cautious on the stock with a Hold rating and $35 price target.
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use