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Stock Market & Financial Investment News

News Breaks
March 6, 2014
11:01 EDTDKS, CABFebruary sporting good sales returned to growth, says Wells Fargo
Wells Fargo said its sporting goods data indicated that February sales trends accelerated year-over-year in all three major categories, namely footwear, apparel and outdoor hardgoods, following a weather-plagued January. The firm has Outperform ratings on both Cabela's (CAB) and Dick's Sporting (DKS).
News For CAB;DKS From The Last 14 Days
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November 21, 2014
10:26 EDTDKSOptions with decreasing implied volatility
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November 20, 2014
10:35 EDTDKSOptions with decreasing implied volatility
Options with decreasing implied volatility: DKS SPLS WB GMCR VRX HTZ WSM VIPS BBY AMAT
November 19, 2014
10:25 EDTDKSOptions with decreasing implied volatility
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07:40 EDTDKSDick's Sporting price target raised to $56 from $51 at Susquehanna
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November 18, 2014
16:10 EDTCABCabela's to open to new markets in Gainsville and Ontario
Cabela’s announced plans to introduce Cabela’s customer service to two new markets: Gainesville, Va., and Ottawa, Ontario, Canada. Cabela’s anticipates a spring 2017 opening for the 79,000-square-foot store.Cabela’s also announces plans to open a store in Ottawa in the spring of 2016.
11:28 EDTDKSGoPro rises after company, shareholders file to sell 10.36M shares
Shares of GoPro (GRPO) are rising in early trade after the company filed to sell 10.36M shares of its stock on behalf of the company and its stockholders. WHAT'S NEW: GoPro announced in a prospectus that it is selling about 1.29M shares of class A common stock and that selling stockholders are selling 9.073M shares of class A common stock. The holders of the company's outstanding class B common stock will hold approximately 96.1% of the voting power following this offering, with its executive officers and directors and their affiliates holding approximately 65% and CEO Nicholas Woodman holding approximately 42.5% after his sale of about 4.08M shares of class A common stock in this offering, the company explained. GoPro estimated that it will receive net proceeds of $97.1M from the sale of class A shares, assuming a public offering price of $79.15 per share. The company said it expects to use the net proceeds of this offering for general corporate purposes including working capital, adding that it may also use a portion of the net proceeds to acquire or invest in complementary businesses, technologies or assets. "However, we have no present commitments or agreements to enter into any acquisitions or make any investments," GoPro noted. WHAT'S NOTABLE: On November 10, GoPro shares slipped after its CEO acknowledged he planned to sell some of his stake as part of this stock offering. In a regulatory filing at that time, the company shared an email message sent by Woodman to employees, in which he assured that he plans to be a "significant shareholder in GoPro for a long time." Additionally, on its earnings conference call this morning, Dick's Sporting Goods (DKS) management said it continues to be "extremely enthusiastic" about the electronics category, particularly wearables, GoPro cameras, and the Fitbit activity tracker. ANALYST OPINION: In a note to investors this morning, Pacific Crest said channel checks for high end GoPros are looking better than expected. The firm said it sees upside to the upcoming quarter for Ambarella (AMBA), which provides components used by GoPro in its cameras. Pacific Crest increased its price target on Ambarella shares to $55 from $47 and maintains its Outperform rating on the stock. PRICE ACTION: In morning trading, shares of GoPro rose 4.2% to $84.92, while Ambarella (AMBA) gained 5.8% to $51.60.
10:50 EDTDKSDick's Sporting says committed to returning cash to shareholders
Sees FY gross margin declining. Says not exiting golf, Golf Galaxy business.
10:17 EDTDKSDick's Sporting sees retail environment competitive, promotional
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07:34 EDTDKSDick's Sporting sees FY14 EPS ex-items $2.75-$2.85, consensus $2.79
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07:33 EDTDKSDick's Sporting sees Q4 EPS $1.18-$1.28, consensus $1.21
Sees Q4 consolidated same store sales to increase approximately 1%-3%. Q4 revenue consensus $2.12B.
07:32 EDTDKSDick's Sporting reports Q3 EPS 41c, consensus 41c
Reports Q3 revenue $1.53B, consensus $1.53B. Consolidated same store sales increased 1.1%, compared to the company's guidance of an approximate 1%-3% increase. Same store sales for DICK'S Sporting Goods increased 1.7%, while Golf Galaxy decreased 8.9%.
November 17, 2014
15:27 EDTDKSDick's Sporting November 47 straddle priced for 7.1% move into Q3
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15:16 EDTDKSNotable companies reporting before tomorrow's open
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14:58 EDTDKSDick's Sporting technical comments before earnings
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November 13, 2014
12:39 EDTDKSDick's Sporting volatility elevated into Q3 and outlook
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10:01 EDTCABOn The Fly: Analyst Initiation Summary
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