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Stock Market & Financial Investment News

News Breaks
March 4, 2013
11:00 EDTCZR, DECK, PANL, MELI, BBYOptions with decreasing implied volatility: CZR DECK PANL MELI BBY
News For CZR;DECK;PANL;MELI;BBY From The Last 14 Days
Check below for free stories on CZR;DECK;PANL;MELI;BBY the last two weeks.
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July 28, 2014
11:18 EDTDECKOptions with decreasing implied volatility
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July 25, 2014
11:29 EDTDECKDeckers Outdoor climbs higher after Q1 results, increased FY outlook
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11:08 EDTDECKOptions with decreasing implied volatility
Options with decreasing implied volatility: INO PBYI MLNX DECK INFN CMG QLIK LKX ANGI NFLX
10:02 EDTDECKOn The Fly: Analyst Upgrade Summary
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09:32 EDTCZRNevada reports June statewide gaming win up 14.4% to $906.9M
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09:25 EDTDECKOn The Fly: Pre-market Movers
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08:36 EDTDECKDeckers Outdoor margin recovery continues, says Janney Capital
Janney Capital believes a move towards mid- to upper-teens operating margins remains possible for Deckers and that multiple expansion and continuing weak sentiment around the stock makes the risk/reward favorable. Janney maintains its Buy rating on Deckers and raised its fair value estimate on shares to $100 from $94.
07:46 EDTDECKDeckers Outdoor price target raised to $105 from $95 at ISI Group
ISI Group believes Deckers investments are beginning to drive more consistent sales results and turning it into a lifestyles brand. The firm raised estimates and increased its price target to $105 from $95. Shares are Buy rated.
06:32 EDTDECKDeckers Outdoor price target raised to $105 from $94 at Citigroup
Citigroup raised its price target for Deckers Outdoor shares to $105 citing the better than expected Q1 results and guidance increase. Citi views the stock's valuation as attractive and keeps a Buy rating on the stock.
05:46 EDTDECKDeckers Outdoor upgraded to Buy from Hold at Jefferies
Jefferies upgraded Deckers Outdoor to Buy following the company's Q1 results citing greater conviction in margin expansion potential and new product launches. The firm views the risk/reward on shares as compelling and raised its price target for the stock to $130 from $78. Shares of Deckers rallied 6% to $90.00 following the company's earnings report.
July 24, 2014
18:17 EDTDECKDeckers Outdoor raises FY15 EPS view to up 14.5% from up 13.5%
Raises FY15 revenue guidance to up approximately 14% from up 13%. The company expects FY15 SG&A expenses as a percentage of sales to be approximately 36%. Among other items, these expenses include increased marketing and supply chain costs, investments in IT infrastructure, expenses related to management reorganization, and operating costs associated with opening new stores in 2013 and 2014. The company now expects FY15 UGG brand revenues to increase approximately 12% over the twelve month period ended March 31 from the previous guidance of 11%. The company expects FY15 Teva brand revenues to increase approximately 11% over the twelve month period ended March 31. The company expects FY15 Sanuk brand revenues to increase approximately 15% over the twelve month period ended March 31. Combined FY15 net sales of the company's other brands are expected to be approximately $82M compared to $48.6M for the twelve month period ended March 31.
18:12 EDTDECKDeckers Outdoor reports Q1 EPS ($1.07), consensus ($1.28)
In a regulatory filing, the company reports Q1 revenue $211.5M, consensus $192.01M. Reports Q1 direct-to-consumer comparable sales up 10%. Reports Q1 UGG brand net sales up 22.8% to $123.3M vs. $100.4M last year. Reports Q1 Teva brand net sales up 25.7% to $39.3M vs. $31.2M last year. Reports Q1 Sanuk brand net sales up 19.6% to $36M vs. $30.1M last year. Reports combined net sales of the company's other brands increased 54.5% to $12.9M for Q1 compared to $8.4M last year. Sales for the global retail store business, which are included in the brand sales numbers above, increased 29.4% to $42M compared to $32.5M for the same period last year. This increase was driven by 37 new stores opened after June 30, 2013, partially offset by a same SSS decrease of 2.8% for the thirteen weeks ended June 29, 2014 compared to the thirteen weeks ended June 30, 2013.
15:31 EDTDECKDeckers Outdoor technical comments ahead of results
The shares have moderately outperformed the broader averages in the last three months an are trading relatively close to the 52-week high at $90.09. On a positive surprise on earnings or guidance, that level could be easily tested. Resistance above the 52-week high is at $91.83, and $96.11. If the news disappoints, the uptrend in place off the lows of October 2012 could be violated. A breakdown below the 200-week moving average at $78.37 would snap the trend. Support below that moving average is at $74.35. It should be noted that the short-base in this name is very large. Over 18% of the float is short according to the last available report. On a positive surprise the shares could be fueled higher by a strong short-squeeze.
July 21, 2014
10:45 EDTBBYAnalysts roll out coverage on GoPro with differing views
Shares of GoPro (GPRO) are climbing after a number of analysts initiated coverage of the stock with different outlooks. GoPro develops mountable and wearable cameras. BULLISH TAKE: JPMorgan analyst Paul Coster initiated coverage of GoPro with an Overweight rating. GoPro is gaining share in the digital camcorder market, and it has begun to penetrate "active lifestyle" markets, which are a much larger opportunity for the company, Coster believes. The company could ship 10M of its products for use by active lifestyle participants annually, the analyst estimated. In a best case scenario, the company could also sell low-cost devices for the mass market, according to Coster. However, GoPro will face competition from major companies, including Google (GOOG) and possibly Apple (AAPL) in this market, warned Coster, who set a $51 price target on GoPro. Also initiating coverage of the name with an Overweight rating was Piper Jaffray analyst Sean Naughton. GoPro is in the early stages of growth, as the company's user base is poised to expand beyond extreme sports enthusiasts, the analyst forecast. The company has a competitive advantage over other brands, which should enable it to maintain strong profitability, added Naughton, who set a $48 price target on the shares. BEARISH TAKE: Stifel analyst Jim Duffy started coverage of GoPro with a Hold rating. The company's three year growth outlook is compelling, but the stock is fully valued, the analyst believes. The company faces a number of risks, including competition in the image device market and the possibility that its relationship with key channel partners, including Best Buy (BBY), could be disrupted, the analyst wrote. Sales to Best Buy accounted for 17% of GoPro's revenue in fiscal 2013, Duffy reported. After GoPro surged following its initial public offering, the stock is likely to advance by only limited amounts, wrote Barcalys analyst Joseph Wolf, who initiated coverage of the shares with an Equal Weight rating. The stock could fall to $30 if the company is unable to increase its hardware sales or make progress in its efforts to develop a media business, the analyst warned. He set a $45 price target on the shares. PRICE ACTION: A total of seven analysts rolled out coverage today on GoPro, according to The Fly’s research, with only two recommending the stock with buy-equivalent ratings. Shares of the camera marker are up 3%, or $1.10, to $42.53 in morning trading.
July 16, 2014
12:22 EDTBBYBest Buy calls active on speculation of an activist investor stake
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10:24 EDTBBYRumor: Best Buy moves up on speculation of an activist investor stake
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July 15, 2014
07:27 EDTDECKJefferies 'starting to kick tires again' on Deckers Outdoor
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July 14, 2014
14:04 EDTCZRNJ reports Atlantic City June gaming win $236M
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