New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 18, 2014
11:05 EDTTGT, URBN, CRMOptions with increasing implied volatility
Options with increasing implied volatility: CRM URBN TGT
News For CRM;URBN;TGT From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 >>
November 17, 2015
06:26 EDTURBNUrban Outfitters downgraded to Market Perform from Outperform at Telsey Advisory
Telsey Advisory downgraded Urban Outfitters to Market Perform and lowered its price target to $23 from $40 on shares. Analyst Dana Telsey lowered estimates following the Q3 report and said the lack of product newness in core apparel and accessories had not impacted all of the businesses, with deceleration across brands. Telsey believes Urban's ability to post an increase in sales trends is further on the horizon and earnings visibility is further clouded.
06:12 EDTURBNUrban Outfitters downgraded to Sector Perform from Outperform at RBC Capital
Subscribe for More Information
05:24 EDTCRMStocks with implied volatility above IV index mean; CRM HD
Subscribe for More Information
November 16, 2015
18:26 EDTURBNOn The Fly: After Hours Movers
UP AFTER EARNINGS: Nuance (NUAN), up 9.5%. ALSO HIGHER: Ocera Therapeutics (OCRX), up 26.6% after announcing Phase 1 study results for the company's oral formulation of OCR-002. DOWN AFTER EARNINGS: Urban Outfitters (URBN), down 11.5%... Agilent (A), down 1.3%. ALSO LOWER: Wayfair (W), down 2% after Bloomberg reported that Whitney Tilson said that Wayfair is currently his largest short.
16:11 EDTURBNUrban Outfitters reports Q3 EPS 42c, consensus 42c
Subscribe for More Information
15:02 EDTURBNNotable companies reporting after market close
Subscribe for More Information
13:07 EDTURBNUrban Outfitters volatility elevated into Q3 and outlook
Subscribe for More Information
08:57 EDTURBNUrban Outfitters to acquire The Vetri Family restaurants
Urban Outfitters announced today it has entered into an agreement to acquire substantially all The Vetri Family group of restaurants including award winning Pizzeria Vetri. The Vetri Family group of restaurants was created and co-headed by James Beard award winning Chef Marc Vetri and his business partner Jeff Benjamin.
05:30 EDTCRMStocks with implied volatility above IV index mean; ODP CRM
Subscribe for More Information
November 13, 2015
16:24 EDTURBNOn The Fly: Top stock stories for Friday
Stocks on Wall Street ended a tough week on a down note, falling after the Commerce Department reported that retail sales grew by an anemic 0.1% last month. This data comes on the heels of this week's downbeat quarterly report from Macy's (M) and a similarly disappointing report last night from peer Nordstrom (JWN). ECONOMIC EVENTS: In the U.S., retail sales rose 0.1% in the month of October, versus expectations for an increase of 0.3%. When autos and gas are removed, the core reading was up 0.3%, versus expectations for a rise of 0.4%. Producer prices fell 0.4%, versus expectations for them to be up 0.2%. When food and energy are removed, the core reading was down 0.3%, versus expectations for it to be up 0.1%. Business inventories grew 0.3% in September while sales were flat compared to August. Consumer sentiment, as measured by the preliminary print from the University of Michigan survey, improved 3.1 points to 93.1 in November, which was better than the 91.5 reading that was expected. In Europe, data showed that eurozone's economy grew by just 0.3% in the third quarter, which was a slowdown from the 0.4% GDP growth recorded three months earlier and weaker than the 0.4% consensus growth forecast. COMPANY NEWS: Shares of retailers broadly declined following the weaker than expected retail sales data reported by the government as well as third quarter earnings reports from Nordstrom and J.C. Penney (JCP), which fell 15% and 15.5% respectively. Virtually every mass-market, brick-and-mortar retailer was down today, from giants like Wal-Mart (WMT) and Costco (COST), to smaller retailers like Ross Stores (ROST) and Urban Outfitters (URBN)... Shares of Mylan (MYL) jumped 12.9% to $48.78 after the company's offer to acquire Perrigo (PRGO) failed, ending a seven-month fight between the two drug makers. Perrigo Chief Executive Officer Joseph Papa said he was "delighted" that his company's shareholders rejected the offer and the company added that it will immediately commence its previously announced $2B share buyback program, but its shares slid 6.16% to $146.90 in the wake of the shareholder vote... Cisco (CSCO) fell 5.8% after its first quarter earnings and revenue beat expectations but its guidance for the new quarter disappointed. A number of analysts that had been bullish on the name trimmed their price targets in response but also recommended the post-earnings weakness as a buying opportunity. MAJOR MOVERS: Among the notable gainers was Springleaf Holdings (LEAF), which surged $5.07, or 11.5%, to $49.27 after reaching a settlement with the U.S. Department of Justice that will allow the company to proceed with closing its previously announced acquisition of OneMain Financial from Citi (C). On the closing of the acquisition, the company will be renamed OneMain Holdings and has applied to the New York Stock Exchange to change its ticker symbol to "OMF," Springleaf noted. Also higher was Illumina (ILMN), which gained $10.26, or 6.6%, to $165.65 after being selected to replace Sigma-Aldrich (SIAL) in the S&P 500. Among the noteworthy losers was Fossil (FOSL), which plunged $18.62, or 36.5%, to $32.39 after the watchmaker gave lower than expected profit guidance for the upcoming quarter and said it continues to expect this fiscal year's results to be "significantly" negatively impacted by foreign currency changes. Also lower were shares of Vipshop (VIPS), which fell $5.03, or 27%, to $13.60 after issuing weaker than expected preliminary third quarter revenue guidance, which it said was partially driven by the warmer-than-expected fall weather in China. INDEXES: The Dow dropped 202.83, or 1.16%, to 17,245.24, the Nasdaq lost 77.20, or 1.54%, to 4,927.88, and the S&P 500 declined 22.93, or 1.12%, to 2,023.04.
14:15 EDTTGTTarget volatility elevated into Q3 and outlook
Subscribe for More Information
11:05 EDTTGTTarget comparable sales likely within guidance, says Piper Jaffray
Piper Jaffray analyst Sean Naughton acknowledged that sentiment is challenging on Target's stock amid the weakness being reported by a number of retailers this week, but he asserts that Census Bureau data this morning, combined with the firm's observations, leave him thinking that Target's third quarter comparable sales are within the company's guidance of up 1%-2%. The analyst, who thinks Target's fundamentals may be holding up better than some expect, has an Overweight rating and $88 price target on the stock.
08:37 EDTCRMSalesforce volatility elevated into Q3 and outlook
Salesforce November call option implied volatility is at 74, December is at 45, January is at 40; compared to its 52-week range of 27 to 60, suggesting large near term price movement into the expected release of Q3 results on November 18.
05:24 EDTCRMStocks with implied volatility above IV index mean; ODP CRM
Stocks with implied volatility above IV index mean; Office Depot (ODP) 108, Salesforce (CRM) 48 according to iVolatility.
November 12, 2015
19:00 EDTTGTOn The Fly: After Hours Movers
UP AFTER EARNINGS: USA Technologies (USAT), up 15.9%... Blue Buffalo (BUFF), up 7.3%... Planet Fitness (PLNT), up 12.3%... Darling Ingredients (DAR), up 8.1%... Applied Materials (AMAT), up 3.8%... Lipocine (LPCN), up 19.9% after reporting quarterly results and that the FDA has assigned a Prescription Drug User Fee Act goal date of June 28, 2016. ALSO HIGHER: Syngenta (SYT), up 14.5% after Bloomberg reported that the company rejected an initial $42B bid from ChemChina... Yum! Brands (YUM), up 4.1% after reporting that October China Same-Store Sales are up 5%. DOWN AFTER EARNINGS: bebe stores (BEBE), down 10.5%... Nordstrom (JWN), down 20.3%... Fossil (FOSL), down 14.7%... Cisco (CSCO), down 4.8%... El Pollo LoCo (LOCO), down 8.7%... Tahoe Resources (TAHO), down 7.2%. ALSO LOWER: Paycom Software (PAYC), down 5.2%... Netflix (NFLX) down 1% after Dow Jones reported that Hulu, a joint venture of Disney (DIS), Comcast (CMCSA, CMCSK), and Fox (FOX, FOXA), is in discussions to sell a stake in the company to Time Warner (TWX)... TJX Companies (TJX), down 4%, Burlington Stores (BURL), down 5.3%, Macy's (M), down 1.6%, Target (TGT), down 1.9%, J.C. Penney (JCP), down 1.4%, and Kohl's (KSS), down 1.3%, after Nordstrom reported quarterly results and cut its fiscal 2015 guidance.
18:38 EDTTGTDepartment store stocks drop after Nordstrom reports Q3 earnings, cuts guidance
Shares of Nordstrom (JWN) slipped in after-hours trading after the department store reported its third quarter results and cut its guidance for fiscal year 2015. WHAT'S NEW: Nordstrom reported Q3 earnings per share of 42c, against analyst estimates of 72c, Q3 revenue of $3.24B below consensus estimates of $3.37B, and Q3 same-store sales of 0.9%. The company lowered its FY15 adjusted EPS view to $3.40-$3.50 from $3.70-$3.80, against analyst expectations of $3.75, lowered its FY15 revenue guidance to up 7.5%-8% from 8.5%-9.5%, and lowered its FY15 SSS view to 2.5%-3% from 3.5%-4.5%. WHAT'S NOTABLE: Nordstrom reported that Q3 EPS included a reduction of 15c, which primarily represented transaction costs associated with the closing of its credit card portfolio sale. In its Q3 earnings release, Nordstrom said that its performance was below company expectations, reflecting softer sales trends that were generally consistent across channels and merchandise categories. The company noted that its top-performing merchandise category was Cosmetics. In addition, coats, younger customer-focused departments and dresses continued to reflect strength in Women's Apparel. PRICE ACTION: Shares of Nordstrom are trading lower by 20.55% to $50.45 in the after-hours. OTHERS TO WATCH: Retailers that followed Nordstrom downward included TJX Companies (TJX), down 4%, Burlington Stores (BURL), down 5.3%, Macy's (M), down 1.6%, Target (TGT), down 1.9%, J.C. Penney (JCP), down 1.4%, and Kohl's (KSS), down 1.3%.
13:05 EDTTGTTarget to open small-format store in Manhattan next year, Fortune reports
Subscribe for More Information
08:15 EDTTGTTarget names Melanie Healey to board of directors
Subscribe for More Information
08:04 EDTURBNBaird cautious on Urban Outfitters heading into Q3 earnings
Baird is cautious on Urban Outfitters heading into Q3 earnings, citing promotional activity, sluggish traffic and comments from management about a slow start in August. Baird reiterated its Outperform rating and lowered its price target to $37 from $42 on Urban Outfitters shares.
07:58 EDTURBNUrban Outfitters price target lowered to $37 from $46 at Brean Capital
Brean Capital lowered its price target on Urban Outfitters to $37 from $46 citing cautiousness about the second half due to warm weather. The firm continues to see the company as a best-of-breed retailer, given its diversified portfolio of brands, and sees multiple top and bottom line drivers. Brean Capital maintained its Buy rating on Urban Outfitters shares.
1 | 2 | 3 | 4 | 5 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use