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November 29, 2012
10:00 EDTGES, MAA, TASR, DVN, BRE, COL, ARO, CLP, TKR, CREEOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Cree (CREE) downgraded to Hold from Buy at Deutsche Bank... Rockwell Collins (COL) downgraded to Perform from Outperform at Oppenheimer... TASER (TASR) downgraded to Neutral from Overweight at JPMorgan... Timken (TKR) downgraded to Hold from Buy at Jefferies... BRE Properties (BRE) downgraded to Underperform from Market Perform at BMO Capital... Mid-America Apartment (MAA) downgraded to Market Perform from Outperform at BMO... Colonial Properties (CLP) downgraded to Underperform from Market Perform at BMO... Devon Energy (DVN) downgraded to Neutral from Add at Capital One... Guess (GES) downgraded to Average from Above Average at Caris... Aeropostale (ARO) downgraded to Above Average from Buy at Caris.
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November 24, 2015
16:19 EDTGESGuess now sees FY16 EPS 93c-$1.02, consensus 96c
Sees FY16 revenue to decline between 1.5% and 0.5% in constant currency. Currency headwinds are expected to negatively impact consolidated revenue growth by approximately 8.0%, for a net decline between 9.5% and 8.5%. The estimated impact on FY16 earnings per share of the currency headwinds is approximately 40c.
16:18 EDTGESGuess sees Q4 EPS 53c-62c, consensus 59c
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16:17 EDTGESGuess reports Q3 EPS 15c, consensus 11c
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15:38 EDTCREEOptions with increasing volume: SUNE HPQ TSM PMCS TSO EPI A DE CREE
15:23 EDTGESNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include HP Enterprise (HPE), consensus 52c... Hewlett-Packard (HPQ), consensus 45c... Veeva (VEEV), consensus 11c... Guess (GES), consensus 11c... Caleres (CAL), consensus 78c... TiVo (TIVO), consensus 8c.
14:17 EDTGESGuess technical notes ahead of earnings
The stock has been basing, with a bullish bias, since hitting fresh 52-week lows in March of this year. There is also a very large percentage of the float short at over 27%. If the news is more bullish than traders appear to be positioned for, there could be a much stronger than typical move to the upside. Resistance levels to watch from the current price of $19.82 are at $21.12, $22.39, and $23.45 which is the 52-week high. If the news is bearish, the current recovery could be disrupted. Support levels to watch as potential downside objectives would be at $18.67, $17.83, and $17.29. The 52-week low is at $16.61.
11:12 EDTTASRTASER deal in U.K. widely expected, but adds to confidence, says JPMorgan
JPMorgan analyst Paul Coster believes the London Metropolitan police award to TASER announced this morning was widely anticipated, so he doesn't expect the stock to move up significantly on the news. However, he thinks the announcement is still a "mild positive," since it gives higher confidence in 2016 results and should serve as an important reference account for the company's future sales efforts. Coster keeps a Neutral rating on TASER shares.
10:38 EDTTASRCraig-Hallum reiterates Buy on TASER after London win
Craig-Hallum analyst Steven Dyer reiterates a Buy rating on TASER with a $28 price target after the company confirmed it has been selected to provide AXON 2 Body Cams to all 22,000 London Met Police frontline officers. All eyes will now turn toward the recurring business, which is still under negotiation, Dyer tells investors in an intraday research note. He believes the most likely outcome is on-premise or private cloud storage with TASER's digital video management software used to manage the digital evidence. While such an outcome could bring lower recurring revenue, it would result in better margins, the analyst contends.
09:13 EDTTASRTASER wins bid to outfit 22K London Metro Police Officers with body cameras
TASER International announced the selection of the Axon body-worn video platform by the London Metropolitan Police Service. The new cameras will be deployed to all frontline officers. Final contract details are still being negotiated at this time. The Metropolitan Police completed a 12-month pilot earlier this year using 1,000 of TASER's Axon body-worn cameras. "The world's largest trial of body cameras to date was considered a success and a research study conducted by MOPAC and the College of Policing found that introducing the cameras resulted in a 33% reduction in complaints against officers," TASER said. Given the scale and complexity of the anticipated contract, the company does not expect to release any additional information until it releases financial results for the year 2015 in February 2016. TASER shares are up 12% in pre-market trading following the announcement.
November 23, 2015
10:31 EDTTASRTASER management to meet with Oppenheimer
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November 20, 2015
11:38 EDTTASRSt. Denis J. Villere reports 6.87% passive stake in TASER
10:49 EDTAROAbercrombie & Fitch soars after reporting upbeat Q3 earnings
Abercrombie & Fitch (ANF) shares jumped in morning trading after the company reported better than expected quarterly earnings. WHAT'S NEW: Before the market open, Abercrombie & Fitch reported third quarter adjusted earnings per share of 48c on revenue of $878.6M. The consensus was for EPS of 22c on revenue of $864.65M. The company said that the adjusted EPS figure included year-over-year adverse effects from changes in foreign currency exchange rates amounting to roughly 13c. Commenting on the earnings, executive chairman Arthur Martinez said that the company's results "exceeded" expectations and "provide the strongest validation yet" that the retailer's initiatives are working. WHAT'S NOTABLE: On its Q3 earnings conference call, Abercrombie said that it is eyeing expansion outside of the U.S., aiming to roll out multiple new capabilities in the U.K. The company added that it saw growth in China in the past quarter and plans to add mobile enhancements in China in 2016. STREET RESEARCH: A day before Abercrombie's Q3 earnings release, Susquehanna analyst Thomas Filandro said that the retailer was "well positioned" for the holiday season, though weather and international unrest may lead to a higher degree of near-term uncertainty. Filandro said that his firm sees improved holiday performance as Abercrombie shifts focus on an improved in-store experience, growing U.S. outlets, closing underperforming stores, and evolving its merchandise assortment. The analyst reiterated a Positive rating and a $26 price target on the company's stock. After the retailer reported earnings, KeyBanc analyst Edward Yruma maintained an Overweight rating on Abercrombie's shares, saying that the company's better than expected quarter was "particularly impressive" in light of the recent weakness in the retail sector. Yruma said that the company's new brand initiatives are taking hold and that greater expense control and reduced promotional activity are improving the well-being of the business. PRICE ACTION: In morning trading, Abercrombie & Fitch rallied over 18% to $23.00. OTHERS TO WATCH: American Eagle Outfitters (AEO) was up just under 3%, Aeropostale (ARO) gained 0.75%, Tilly's (TLYS) rallied 3.4%, Urban Outfitters (URBN) jumped more than 4%, Buckle (BKE) was up just under 1%, and Express (EXPR) fell fractionally in morning trading.
07:30 EDTCOLUBS to hold a conference
Industrials & Transportation Conference is being held in Boca Raton, FL on November 18-20 with webcasted company presentations to begin on November 20 at 8 am; not all company presentations may be webcasted. Webcast Link
November 19, 2015
07:34 EDTTKRTimken to build new bearing plant in Romania
Timken will construct a new bearing plant near Ploiesti, Romania. The facility, which will be the company's second in Romania, will serve global demand for the company's Timken tapered roller bearings in sizes up to 300 mm in diameter. Groundbreaking on the 15,000-square-meter site is expected in 1Q16, with start-up slated for early 2017. Initially, the facility will be operated by 120 associates.
November 18, 2015
10:00 EDTTASROn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Apple (AAPL) upgraded to Conviction Buy from Buy at Goldman... BorgWarner (BWA) upgraded to Buy from Neutral at Goldman... Cognex (CGNX) upgraded to Buy from Hold at Canaccord... FARO Technologies (FARO) upgraded to Buy from Hold at Canaccord... Lazard (LAZ) upgraded to Strong Buy from Outperform at Raymond James... LendingClub (LC) upgraded on valuation, positive outlook at Sterne Agee CRT... Middleby (MIDD) upgraded to Outperform from Market Perform at BMO Capital... Perrigo (PRGO) upgraded to Buy from Neutral at B. Riley... RE/MAX Holdings (RMAX) upgraded to Market Perform from Underperform at JMP Securities... Sally Beauty (SBH) upgraded to Buy from Neutral at Goldman... Shopify (SHOP) upgraded to Outperform from Market Perform at Raymond James... TASER (TASR) upgraded to Buy from Neutral at Ladenburg... USG (USG) upgraded to Buy from Neutral at Northcoast.
08:11 EDTTASRTASER upgraded to Buy on valuation at Ladenburg
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08:07 EDTCOLViaSat and Rockwell Collins partner for in-flight connectivity
ViaSat (VSAT) is working with Rockwell Collins (COL) to integrate the ViaSat VMT-1500 terminal and its global Ku-band internet service with Rockwell Collins' eRouter smart cabin routers and its ARINCDirect flight support services. ViaSat's global Ku-band in-flight technology and internet service allows those on board to send and receive emails, establish VPN connections, watch streaming video and participate in video conferencing and Voice over Internet Protocol phone calls with the ADConnect VoIP app for iOS and Android.
07:07 EDTTASRTASER upgraded to Buy from Neutral at Ladenburg
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November 17, 2015
08:14 EDTMAARBC Capital to hold events at NAREIT
RBC Capital Events being held at NAREIT in Las Vegas on November 17-18.
November 16, 2015
07:46 EDTCOLRockwell Collins named a top three pick at Cowen
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