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Stock Market & Financial Investment News

News Breaks
May 28, 2014
20:25 EDTCOST, COST, PLL, PLL, ANF, ANF, TECD, TECD, SAFM, SAFMNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Costco (COST), consensus $1.09; Pall (PLL), consensus 83c; Abercrombie & Fitch (ANF), consensus (19c); Tech Data (TECD), consensus 92c; Sanderson Farms (SAFM), consensus $1.68.
News For COST;PLL;ANF;TECD;SAFM From The Last 14 Days
Check below for free stories on COST;PLL;ANF;TECD;SAFM the last two weeks.
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August 27, 2014
12:51 EDTANFEarnings Preview: Abercrombie guides FY15 EPS $2.15-$2.35
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07:11 EDTTECDTech Data price target raised to $73 from $70 at Brean Capital
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06:09 EDTCOSTCostco implied volatility of 12 at lower end of index mean range
August 26, 2014
12:24 EDTSAFMOn The Fly: Midday Wrap
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12:09 EDTSAFMSanderson Farms tumbles after Q3 results fall short of expectations
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12:03 EDTSAFMSanderson Farms says doing due diligence on possible second plant in NC
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11:22 EDTSAFMSanderson Farms says company has opportunity to post 'very strong' Q4
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11:20 EDTSAFMSanderson Farms doesn't expect Russian ban to materially affect company
Doesn't expect recent ban by Russia on U.S. chicken imports to materially affect company. Says alternate chicken markets to Russia will be found. Expects grain crop will meet expectations. Sees tailwind from lower grain costs in 2015. Comments made on the Q3 earnings conference call.
11:12 EDTSAFMHigh option volume stocks
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08:56 EDTSAFMOn 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%.
06:34 EDTSAFMSanderson Farms to begin processing chickens at new facilities in Q1
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06:32 EDTSAFMSanderson Farms reports Q3 EPS $3.30, consensus $3.82
Reports Q3 revenue $768.4M, consensus $789.20M.
06:17 EDTTECDTech Data sees low to mid single-digit sales growth in Americas in Q3
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06:07 EDTTECDTech Data reports Q2 non-GAAP EPS $1.12, consensus 77c
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August 25, 2014
15:18 EDTSAFM, TECDNotable 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.
13:44 EDTANFAbercrombie & Fitch weekly volatility elevated into Q2 and outlook
Abercrombie & Fitch August weekly call option implied volatility is at 96, September is at 48, October is at 44, December is at 38; compared to its 26-week average of 45 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on August 26.
August 22, 2014
12:08 EDTANFGap hits 52-week high following beat and raise quarter
Shares of specialty apparel retailer The Gap (GPS) are advancing after the company posted better than expected second quarter results, and raised its fiscal 2014 profit outlook. WHAT'S NEW: Last night, Gap reported Q2 earnings per share of 75c and revenue of $3.98B, topping analysts’ consensus estimates of 69c and $3.96B, respectively. Q2 same store sales were flat versus the prior year period. WHAT’S NOTABLE: For FY14, Gap raised its EPS view to $2.95-$3.00 from $2.90-$2.95, versus consensus of $2.95. The company updated its guidance for FY14 diluted EPS to reflect the 5c related to the gain on asset sale. For FY14, the company continues to expect capital spending to be approximately $750M in support of its outlined strategies. Gap also announced it will enter India through franchise-operated Gap brand stores in 2015. Gap is partnering with Arvind Lifestyle Brand Limited, a subsidiary of Arvind Limited, which is one of India’s largest textile companies. The first stores are expected to open in India’s two largest cities – Mumbai and Delhi – starting with Gap’s Summer 2015 collection for adults, kids and babies. The brand plans to open about 40 franchise-operated Gap stores in India. ANALYST REACTION: This morning, analyst commentary was decidedly positive. Research firm Janney Capital upgraded Gap to Buy from Neutral. The firm upgraded shares based on the overall improving Softlines sector due to an inventory correction, Old Navy strength, global opportunities, potential improved gross margin returns on inventory investment, and best-in-class management. Their price target on the shares is $51. Another firm, UBS, said Gap is well positioned for second half upside citing its Omni-channel advantage, shift to higher margin businesses, increased square footage, and modestly positive comps driven by ecommerce. UBS has a Buy rating and a $50 price target on the stock. Sterne Agee says Gap’s valuation is very attractive. The firm believes that Gap's fundamentals are improving, while the setup for the stock over the next 12-18 months is favorable. It adds that the company's gross margins should be boosted by several factors going forward, and it kept a Buy rating on the shares. PRICE ACTION: In late morning trading, Gap rose $2.04, or 4.7%, to $45.22 on heavy trading volume. Earlier in the session, it reached a new 52-week high of $45.47. Including today’s advance, the stock has gained over 7.5% over the past twelve months. OTHERS TO WATCH: Other specialty apparel companies include Abercrombie & Fitch (ANF), American Eagle Outfitters (AEO), Guess (GES), and The Buckle (BKE).
August 19, 2014
11:53 EDTANFAeropostale soars as Geiger returns as CEO
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10:13 EDTSAFMOn The Fly: Analyst Initiation Summary
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09:34 EDTSAFMSanderson Farms initiated with a Buy at Sidoti
Target $122.
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