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Stock Market & Financial Investment News

News Breaks
March 6, 2014
10:01 EDTLL, BBBY, CPA, EXC, LOW, AUXL, BCEI, LOV, SXE, RWT, OCIR, NYMT, MWE, HTH, ESC, BRX, CLROn The Fly: Analyst Downgrade Summary
Brixmor (BRX) downgraded to Neutral from Buy at UBS... Continental Resources (CLR) downgraded to Neutral from Buy at UBS... Emeritus (ESC) downgraded to Hold from Buy at Deutsche Bank... Hilltop Holdings (HTH) downgraded to Outperform from Strong Buy at Raymond James... MarkWest Energy (MWE) downgraded to Neutral from Overweight at JPMorgan... New York Mortgage (NYMT) downgraded to Hold from Buy at MLV & Co... OCI Resources (OCIR) downgraded to Neutral from Buy at Goldman... Redwood Trust (RWT) downgraded to Hold from Buy at Jefferies... Southcross Energy Partners (SXE) downgraded to Neutral from Overweight at JPMorgan... Spark Networks (LOV) downgraded to Market Perform from Outperform at William Blair... Bonanza Creek (BCEI) downgraded to Sector Perform from Outperform at Howard Weil... Auxilium (AUXL) downgraded to Underweight from Equal Weight at Morgan Stanley... Lowe's (LOW) downgraded at Wedbush... Exelon (EXC) downgraded to Hold from Accumulate at Tudor Pickering... Copa Holdings (CPA) downgraded to Neutral from Buy at Citigroup... Bed Bath & Beyond (BBBY) downgraded to Neutral from Outperform at Wedbush... Lumber Liquidators (LL) downgraded to Neutral from Outperform at Wedbush.
News For CLR;BRX;ESC;HTH;MWE;NYMT;OCIR;RWT;SXE;LOV;BCEI;AUXL;LOW;EXC;CPA;BBBY;LL From The Last 14 Days
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July 9, 2014
17:38 EDTLLLumber Liquidators says 'clearly disappointed' in Q2 performance
On Lumber Liquidators' conference call update its Q2 outlook, management said, "We are clearly disappointed in our second quarter performance." Comparable store sales were far short of the company's original expectations, due primarily to a low number of customers invoiced, and to a lesser extent, a lower average sale. Gross margin was adversely impacted by net shifts in the sales mix, and greater discounting at the point-of-sale. Management said net sales were adversely impacted by weak customer demand for wood flooring and constrained inventory in certain key merchandise categories. They pointed to Asia, and China specifically as the biggest challenge as a source country.
16:42 EDTLLLumber Liquidators trades sharply lower after hours after guidance
The shares are down over 15.8% to $59.25 in the extended session after the company lowered its FY14 outlook. At that price, next support is at $57.48. This move lower breaks the 52-week low set into today's regular session at $69.65. Resistance is at $60.54.
16:40 EDTLLOn The Fly: Closing Wrap
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16:33 EDTLLLumber Liquidators down 16% following lowered FY14 outlook
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16:32 EDTLLLumber Liquidators CEO says traffic 'significantly weaker than expected'
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16:29 EDTLLLumber Liquidators sees Q2 EPS 59c-61c, may not compare to consensus 90c
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16:26 EDTLLLumber Liquidators lowers FY14 EPS view to $2.65-$3.00 from $3.25-$3.60
FY14 consensus $3.34. Lowers FY14 revenue view to $1.05B-$1.1B from $1.15B-$1.2B, consensus $1.16B. Sees change in comparable store net sales in the low single digits, either positive or negative, from the previous increase ranging from mid to high single digits. Sees opening of a total of 33 to 37 new store locations in the expanded showroom format, from the previous range of 35 to 40 new store locations. CEO Lynch said, "Though we continue to believe we are early in a multi-year housing recovery that will drive home improvement spending, a number of the factors weighing on our second quarter results are likely to continue in the second half of 2014. We are focused on continuous improvement in our operations, strengthening our leadership in product price and quality and elevating customer recognition of our superior value proposition. While we believe the third quarter may be weaker than we originally anticipated, we have a strong sense of urgency and we expect to regain traction to deliver operating margin expansion in the second half and in coming years. We remain confident in the long-term strength of our business model and believe that the investments we have made in our strategic initiatives will continue to drive market share gains in the future."
16:23 EDTLLLumber Liquidators lowers FY14 outlook
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14:32 EDTLLLumber Liquidators slides ahead of Q2 report
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14:25 EDTLLLumber Liquidators to hold a conference call
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11:51 EDTLLOptions with increasing implied volatility:
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11:24 EDTLLHigh option volume stocks
High option volume stocks: GIMO NEPT BPOP AVAV CBSO LL BOBE KWK GNC TCS
10:36 EDTLLLumber Liquidators volatility increases on wide price movement
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10:02 EDTBRXOn The Fly: Analyst Initiation Summary
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06:03 EDTBBBYStocks with implied volatility below IV index mean; LULU BBBY
Stocks with implied volatility below IV index mean; lululemon (LULU) 37, Bed Bath & Beyond (BBBY) 18.
July 8, 2014
18:20 EDTBRXBrixmor initiated with an Outperform at RW Baird
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10:17 EDTLLLumber Liquidators call active on renewed takeover chatter
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09:57 EDTLLRumor: Lumber Liquidators moves off lows on renewed takeover chatter
07:56 EDTBCEIBonanza Creek outlook positive, says KeyBanc
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06:11 EDTBBBYStocks with implied volatility below IV index mean; LULU BBBY
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