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Stock Market & Financial Investment News

News Breaks
January 13, 2014
04:55 EDTZLC, ZLC, SIG, SIG, OXM, OXM, MOV, MOV, KKD, KKD, DFRG, DFRG, SFM, SFM, CAB, CAB, MNRO, MNRO, TITN, TITN, CMG, CMGStephens to hold meetings at ICR XChange 2014
Company Meetings at ICR XChange 2014 are being held in Orlando on January 13-14.
News For CMG;TITN;MNRO;CAB;SFM;DFRG;KKD;MOV;OXM;SIG;ZLC From The Last 14 Days
Check below for free stories on CMG;TITN;MNRO;CAB;SFM;DFRG;KKD;MOV;OXM;SIG;ZLC the last two weeks.
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August 27, 2014
09:57 EDTMOVMovado post-earnings weakness an overreaction, says Barrington
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09:53 EDTOXMOn The Fly: Analyst Initiation Summary
Bristol-Myers (BMY) initiated with a Hold at Deutsche Bank... ASML (ASML) initiated with a Hold at Stifel... Akamai (AKAM) initiated with an Outperform at RW Baird... Concur (CNQR) initiated with a Neutral at DA Davidson... CyrusOne (CONE) initiated with a Neutral at Citigroup... Eli Lilly (LLY) initiated with a Buy at Deutsche Bank... Garmin (GRMN) initiated with a Neutral at RW Baird... Merck (MRK) initiated with a Hold at Deutsche Bank... NetSuite (N) initiated with a Buy at DA Davidson... Oracle (ORCL) initiated with a Neutral at DA Davidson... Oxford Industries (OXM) initiated with a Buy at Wunderlich... Pfizer (PFE) initiated with a Buy at Deutsche Bank... ServiceNow (NOW) initiated with a Buy at DA Davidson... Workday (WDAY) initiated with a Neutral at DA Davidson... MannKind (MNKD) initiated with a Buy at Jefferies... STMicroelectronics (STM) initiated with an Underperform at Credit Suisse... Kirkland's (KIRK) initiated with an Outperform at Barrington.
09:53 EDTMOVOn The Fly: Analyst Downgrade Summary
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08:55 EDTCABCabela's weakness a buying opportunity, says CRT Capital
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08:45 EDTMOVMovado downgraded to Equal Weight at Stephens
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07:47 EDTMOVMovado downgraded to Equal Weight from Overweight at Stephens
07:29 EDTDFRGStephens to hold a plane trip
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06:20 EDTOXMOxford Industries initiated with a Buy at Wunderlich
Target $72.
August 26, 2014
11:31 EDTMOVMovado 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.
08:56 EDTMOVOn The Fly: Pre-market Movers
HIGHER: Tim Hortons (THI), up 10.5% after announcing merger agreement with Burger King (BKW), which is up 4% after the news. Burger King CEO Schwartz will become group CEO of the new company and Berkshire Hathaway (BRK.A) has committed $3B of preferred equity financing for the deal... DSW (DSW), up 12% after reporting Q2 earnings beat, FY14 outlook above consensus... Kite Pharma (KITE), up 17% after announcing phase 1-2a results from trial of potential treatment of non-Hodgkin's lymphoma... Mobileye (MBLY), up 4.4% after coverage of stock initiated at several research firms, including Morgan Stanley which started with an Overweight rating and $46 price target and named it a new top pick... Kandi Technologies (KNDI), up 9% following Bloomberg report on Chinese government considering funding for electric car chargers. LOWER: Best Buy (BBY), down 3.7% after reporting Q2 revenue below consensus, Q2 same-store sales decline of 2.7%... Sanderson Farms (SAFM), down 5.9% after Q3 earnings, revenue miss estimates... Movado (MOV), down 5.1% after Q2 revenue miss expectations... DOWN AFTER EARNINGS: Prospect Capital (PSEC), down 3.5%... Trina Solar (TSL), down 7.6%.
07:06 EDTMOVMovado backs FY15 EPS view $2.44, consensus $2.46
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07:05 EDTMOVMovado reports Q2 adjusted EPS 44c, consensus 54c
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06:41 EDTDFRGDel Frisco's shares should be bought on weakness, says Piper Jaffray
After Del Frisco's reported weaker than expected Q2 results and cut its full-year guidance, Piper Jaffray has more confidence in its Q3 estimates for the company following channel checks. The firm thinks the company is benefiting from ongoing same-store sales momentum as high end consumer spending remains strong. Piper keeps a $29 price target and Overweight rating on the shares.
August 25, 2014
15:27 EDTMOVMovado technical comments ahead of earnings
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15:18 EDTMOVNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Best Buy (BBY), consensus 31c; Golar LNG (GLNG), consensus (7c); DSW (DSW), consensus 32c; Tech Data (TECD), consensus 77c; Sanderson Farms (SAFM), consensus $3.82; Movado (MOV), consensus 54c; Trina Solar (TSL), consensus 14c.
12:08 EDTCABCabela's management to meet with CRT Capital
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07:32 EDTCMGMcDonald's challenged as younger eaters defect to Chipotle, WSJ says
As McDonald's (MCD) faces a prolonged slump in sales growth, data compiled for The Wall Street Journal by Technomic showed that diners in their 20s and 30s are seeking out fresher, healthier food and defecting to competitors, in particular fast-casual restaurants like Chipotle Mexican Grill (CMG) and higher-end burger chain Five Guys. Reference Link
06:24 EDTKKDKrispy Kreme comps decelerating but due to new store ramps, says Longbow
Longbow's contacts indicate Krispy Kreme's Q2 same-store sales comps were up 1%-1.5% vs. Q1's 3.5%-4.5% range. The firm said the deceleration is due to new franchised store builds which should result in top and bottom line growth in the coming years. Shares are Buy rated with a $26 price target.
August 21, 2014
15:48 EDTDFRGDel Frisco's management to meet with Sterne Agee
Field Trip to company Southlake, Texas offices to meet with CFO Pennison on August 26 hosted by Sterne Agee.
09:03 EDTCMGChipotle Q3 comps accelerating, says Cleveland Research
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