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Stock Market & Financial Investment News

News Breaks
March 8, 2013
14:38 EDTKR, AEO, P, SPLS, DELLMarket poised to finish week higher as Dow keeps setting new record highs
Stocks are set to end the week higher after the Dow surpassed its all-time record high and investors received some good news about the global economy... MACRO NEWS: The Fed's Beige Book stated that consumer spending and manufacturing had expanded in most areas in recent weeks, as the economy continued to grow at a moderate pace. The domestic labor picture also looked to be improving as the U.S. economy added many more nonfarm jobs than expected last month, the government reported today. Meanwhile, the light at the end of the tunnel brightened in Europe, as ECB President Mario Draghi said that the E.U.'s economy "should gradually recover" later this year... COMPANY NEWS: The Fed announced that all of the large financial institutions it had subjected to stress tests had passed those tests, with the exception of Ally Financial... Billionaire investor Carl Icahn proposed that Dell (DELL) pay a $9 per share dividend if its shareholders reject the company's going-private transaction. Icahn has reportedly obtained a stake of about 6% in the company... Internet music platform Pandora (P) and supermarket chain Kroger (KR) reported stronger than expected quarterly results, while Staples (SPLS) and American Eagle (AEO) declined following their disappointing quarterly reports.
News For DELL;P;KR;SPLS;AEO From The Last 14 Days
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May 19, 2015
15:00 EDTSPLS, AEONotable companies reporting before tomorrow's open
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09:01 EDTPPandora to acquire Next Big Sound, financial terms not disclosed
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08:00 EDTAEOAmerican Eagle announces license agreements in South Korea, Singapore, Greece
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07:18 EDTSPLSStaples May volatility elevated into Q1 and outlook
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May 18, 2015
20:16 EDTAEOUrban Outfitters down over 16% after disappointing Q1 results
Urban Oufitters (URBN) is down sharply after reporting first quarter earnings per share and revenue that missed analyst estimates. WHAT'S NEW: Urban Oufitters reported Q1 EPS of 25c on revenue of $739.01M, below consensus expectations of 30c and $758.25M, respectively. Urban Outfitters also reported Q1 comparable retail segment net sales up 4%, with Q1 retail segment net sales increasing 17% at Free People, 5% at Urban Outfitters, and 1% at the Anthropologie Group. Wholesale segment net sales rose 18%. WHAT'S NOTABLE: On its Q1 earnings conference call, Urban Outfitters announced that Urban Outfitters Group CEO Ted Marlow, who oversaw the direction of the namesake brand, would retire at the end of August. While Urban Outfitters did not provide guidance, Urban Outfitters Anthropologie Group CEO David McCreight commented on the Anthropologie brand, "We're expecting we could see Q2 shaping up like Q1 in terms of low single-digit comps. We could also see being in the low-mid-single digit comps. It's hard to tell at this point." ANALYST REACTION: Two analyst firms lowered their respective price targets on Urban Outfitters following the company's earnings report. Sterne Agee, which rates Urban Outfitters a Neutral, lowered its 12-month price target to $34 from $46, noting the company has had trouble getting both its Urban Outfitters and Anthropologie brands to perform at the same time. Cantor, which maintained its Buy rating, lowered its price target to $53 from $54, saying that Anthropologie sales disappointed, but noting that a "later catalog release appears to us to have pushed some sales at Anthropologie into May." PRICE ACTION: Urban Outfitters fell 16.4% to just over $34 in after-hours trading. PEERS: Other publicly traded companies in the space include Abercrombie & Fitch (ANF), American Eagle (AEO), Five Below (FIVE), Pacific Sunwear (PSUN), and Zumiez (ZUMZ).
12:01 EDTAEOAmerican Eagle management to meet with Guggenheim
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May 15, 2015
11:28 EDTPSpotify to roll out streaming service next week, CNBC reports
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08:24 EDTAEOAmerican Eagle, Express should be bought ahead of results, says BMO Capital
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08:09 EDTSPLSStaples June volatility elevated into Q1 and outlook
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07:41 EDTAEOAmerican Eagle volatility elevated into Q1 and outlook
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06:13 EDTPPandora to appeal unfavorable court decision against BMI, AP reports
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05:52 EDTSPLSStocks with implied volatility above IV index mean; KORS SPLS
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May 13, 2015
10:01 EDTAEOOn The Fly: Analyst Upgrade Summary
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06:08 EDTAEOAmerican Eagle upgraded to Outperform from Market Perform at Cowen
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05:25 EDTSPLSStaples announces partnerships with Bidvest Waltons, Dacris
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May 12, 2015
13:06 EDTPVivendi says talking to Spotify about streaming, Bloomberg reports
Vivendi (VIVHY) said on its earnings conference call that is having discussions with Spotify regarding a streaming service, Bloomberg reports. Apple's (AAPL) streaming service may affect music sales and margins, Vivendi noted. Shares of Spotify competitor Pandora (P) are up 36c to $18.53 in afternoon trading.
09:14 EDTPApps World to hold a conference
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08:07 EDTPSunTrust to hold a conference
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08:05 EDTKRGoldman Sachs to hold a forum
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07:45 EDTPJefferies to hold a conference
2015 Global Technology, Media and Telecom Conference is being held in Miami on May 12-14.
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