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Stock Market & Financial Investment News

News Breaks
August 12, 2014
20:25 EDTDE, DE, SRLP, SRLP, EPZM, EPZM, CSIQ, CSIQ, AIT, AIT, SEAS, SEAS, IOC, IOC, PF, PF, M, M, NCFT, NCFTNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Deere (DE), consensus $2.20; Macy's (M), consensus 86c; Pinnacle Foods (PF), consensus 33c; InterOil (IOC), consensus 23c; SeaWorld (SEAS), consensus 59c; Applied Industrial (AIT), consensus 75c; Canadian Solar (CSIQ), consensus 58c; Epizyme (EPZM), consensus (50c); Sprague Resources (SRLP), consensus 2c; Norcraft Companies (NCFT), consensus 27c.
News For DE;M;PF;IOC;SEAS;AIT;CSIQ;EPZM;SRLP;NCFT From The Last 14 Days
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November 12, 2014
08:04 EDTMMacy's says Q3 sales performance fell short of expectations
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08:03 EDTMMacy's lowers FY14 EPS view to $4.25-$4.35 from $4.40-$4.50
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08:01 EDTMMacy's reports Q3 EPS 61c, consensus 50c
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07:37 EDTSEASSeaWorld reports Q3 attendance of 8.4M vs. 8.9M a year ago
07:36 EDTSEASSeaWorld sees FY14 revenue to be down 6%-7%, consensus $1.37B
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07:35 EDTSEASSeaWorld: 2014 has been a challenging year
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07:35 EDTSEASSeaWorld reports Q3 adjusted EPS $1.01, consensus $1.13
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07:07 EDTSRLPSprague Resources sees FY14 adjusted EBITDA $75M-$85M
07:07 EDTSRLPSprague Resources reports Q3 GAAP EPS (53c), consensus (9c)
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06:35 EDTCSIQU.S., China reach carbon emissions deal, NY Times says
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06:00 EDTCSIQCanadian Solar raises FY14 revenue view to $2.93B-$2.98B from $2.7B-$2.9B
Consensus $2.83B. Raises FY14 annual module shipment guidance to 810 MW-860 MW.
05:58 EDTCSIQCanadian Solar sees Q4 revenue $925M-$975M, consensus $977.43M
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05:57 EDTCSIQCanadian Solar reports Q3 EPS $1.75, consensus $1.16
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November 11, 2014
15:32 EDTCSIQCanadian Solar November weekly 31.5 straddle priced for 12% move into Q3
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15:25 EDTSEAS, PF, MNotable companies reporting before tomorrow's open
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15:06 EDTMMacy's technical comments before earnings
The shares have been largely trading in a range of $55 at the low and $62 at the high in the year-to-date period. Ahead of results the shares are trading nearly in the middle of that range. Whether the news maintains the range or breaks it is the key. A move below $55 would be longer-term bearish, with the year-to-date price action becoming a clear topping pattern when viewed on a 5-year chart basis. Additional support levels below would be at $52.54 and $50.05. A move above $62 would be equally bullish, with the life high at $63.10 as next resistance. It would take a move above that life high to keep the shares on a bullish path. It is possible that the news won't be sufficiently strong to break the shares out, in which case the existing sideways trend channel would remain intact.
14:52 EDTMMacy's November 57.5 straddle priced for 5.8% move into Q3
12:09 EDTMEarnings Preview: Analyst says Macy's trends decelerated at back-end of Q3
Macy's (M) is scheduled to report third quarter earnings before the market open on Wednesday, November 12, with a conference call scheduled for 10:30 am ET. Macy's is a retailer that sell a range of merchandise, including apparel and accessories, cosmetics, home furnishings and other consumer goods. EXPECTATIONS: Analysts are looking for earnings per share of 50c on revenue of $6.34B, according to First Call. The consensus range for EPS is 46c-55c on revenue of $6.24B-$6.46B. LAST QUARTER: Macy's reported second quarter EPS of 80c on revenue of $6.23B, below estimates for 86c and $6.3B, respectively. Same-store sales, together with comparable sales of departments licensed to third parties, were up 4% from the prior year. Q2 comparable sales were up 3.4% vs. 2Q13. Macy's backed its fiscal year 2014 EPS guidance of $4.40-$4.50. The consensus for FY14 EPS at that time was $4.47. The retailer said its expectations for the second half of 2014 were "on track," with guidance for comparable store growth of 2%-3%. However, Macy's predicted FY14 SSS up 1.5%-2%, with FY14 comparable sales together with comparable sales of departments licensed to third parties up 2%-2.5%; previous guidance was for FY SSS up 2.5%-3%. NEWS: On its last earnings conference call, Macy's forecast fall season EPS of $3.04-$3.14 and said it expected Q3 SSS would be lower than fourth quarter SSS. The retailer also forecast second half total sales growth approximately 30 basis points lower than comp growth and gross margin rate "flat to down slightly" for the year. During the quarter, Macy's reached a resolution with the New York State Office of the Attorney General related to allegations of racial profiling in its New York stores. The retailer said it will launch same-day delivery this fall and announced plans to hire 86,000 seasonal associates for the 2014 holiday season. CNN said Macy's will open at 6pm on Thanksgiving Day. STREET RESEARCH: Cleveland Research said Macy's trends decelerated at the back-end of Q3, likely pressuring Q3 comp performance. The analyst expects promotional activity to pick-up in Q4 in order to capture share and traffic. ITG Research said in October that Macy's Q3 revenues were tracking to $6.25B. Northcoast upgraded Macy's to Buy from Neutral on November 5. PRICE ACTION: Over the last three months, Macy's shares are down 2%. The stock is trading down fractionally to $58.92 ahead of tomorrow's report.
08:59 EDTMMacy's trends softened in back-end of Q3, says Cleveland Research
Cleveland Research said Macy's trends decelerated at the back-end of Q3, likely pressuring Q3 comp performance. The analyst expects promotional activity to pick-up in Q4 in order to capture share and traffic, and to offset the challenging Q3 performance. Shares are Buy rated.
08:52 EDTIOCInterOil Antelope project looks more likely to be carried out, says Bernstein
After meeting with InterOil and Paupa New Guinea government officials, Bernstein says that all parties increasingly believes that the Antelope LNG project will get off the ground. The firm is now more convinced that Antelope will reach Final Investment Decision before 2018. It keeps a $90 price target and Outperform rating on InterOil.
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