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Stock Market & Financial Investment News

News Breaks
March 14, 2014
11:45 EDTAEO, DMND, PAY, LYG, DKSOptions with decreasing implied volatility: DKS PAY AEO LYG DMND
News For DKS;PAY;AEO;LYG;DMND From The Last 14 Days
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September 2, 2015
06:22 EDTDKSNew Balance to enter 'athleisure' sector, Business Insider reports
New Balance is launching a new "athleisure" line and is planning to mail a catalog to more than 1M U.S. women, Business Insider reports, citing comments from Norma Delaney, head of global marketing for NB Women. The line will compete with offerings from Lululemon (LULU), Under Armour (UA), Victoria's Secret (LB) and Dick's Sporting Goods (DKS). Reference Link
September 1, 2015
08:06 EDTPAYVerifone, Aava Mobile partner to offer 'pocketable' mPOS Solution
Verifone (PAY) and Aava Mobile announced the first handheld mobile point of sale solution powered by Intel (INTC) to deliver a flexible, long-lasting EMV-ready mPOS solution for enterprise retailers. The solution is based on Verifone's device and operating system-agnostic mPOS terminal integrated with Aava Mobile's rugged handheld tablet PC, which is powered by the Intel Atom processor.
August 31, 2015
06:10 EDTLYGBanks lobby EU over privacy rules overhaul, FT reports
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August 26, 2015
11:01 EDTAEOAbercrombie & Fitch surges after posting surprise Q2 profit
Abercrombie & Fitch spiked in early trading after the clothing retailer posted second quarter profit and revenue that exceeded analysts' expectations. WHAT'S NEW: Abercrombie & Fitch reported Q2 earnings per share of 12c, excluding items, on revenue of $817.8M, beating analysts' consensus estimates of a loss per share of (4c) and $811.46M, respectively. Including items, EPS was (1c). Abercrombie said the quarter included a comparable sales decrease of 4% and an adverse impact from changes in foreign currency exchange rates of about 5%. For the quarter, SSS declined 7% at the Abercrombie brand and 1% at Hollister. Executive Chairman Arthur Martinez commented that the quarterly results exceeded what the retailer signaled on its first quarter earnings call and said he is confident "that we are on the right track, although we recognize that we still have much to achieve." Looking ahead, Abercrombie & Fitch sees SSS trends improving in the second half of 2015, skewed towards the fourth quarter. The company expects continued headwinds from foreign currency exchange rates, a gross margin rate approximately flat to last year and flat operating expense compared to last year. Additionally, Abercrombie said it plans to open 15 full-price stores this fiscal year, in markets including China and Japan, and will close about 60 stores in the U.S. during the year. WHAT'S NOTABLE: Abercrombie is in the midst of a massive turnaround and announced the creation of six new positions as it restructures the management of its Abercrombie brand. The move is part of an effort to organize executives by brand rather than product after announcing last year that it would move away from logos. On its earnings conference call this morning, Abercrombie executives said that the company is "not naive" about the challenges it faces, but believes it is "on the right track" to restoring the business to health. Abercrombie said a new chief executive officer will be appointed "in due time." OTHERS TO WATCH: Abercrombie & Fitch peers include Urban Outfitters (URBN), American Eagle (AEO) and Express (EXPR). PRICE ACTION: Abercrombie & Fitch is up 11.75% in morning trading to $19.30.
August 25, 2015
09:59 EDTPAYOn The Fly: Analyst Upgrade Summary
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08:28 EDTAEOAmerican Eagle upgraded to Outperform on valuation, execution at FBR Capital
As previously reported, FBR Capital upgraded American Eagle to Outperform from Market Perform. The firm upgraded shares based on valuation, consistent execution in a declining backdrop, reduced expectations, and potential 2H upside. The firm is cautious on the environment beyond 2H 2015 but believes strong brand recognition, product execution, right-sized fleet, and international growth position it for upside in a competitive environment.
08:27 EDTAEOAmerican Eagle should be bought at current levels, says Oppenheimer
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07:33 EDTPAYVerifone upgraded to Overweight from Neutral at Piper Jaffray
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06:05 EDTAEOAmerican Eagle upgraded to Outperform from Market Perform at FBR Capital
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August 24, 2015
07:15 EDTAEOAmerican Eagle risk/reward remains compelling, says Susquehanna
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August 21, 2015
10:32 EDTDKSOptions with decreasing implied volatility
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August 20, 2015
16:18 EDTAEOAmerican Eagle CMO Michael Leedy resigning
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11:04 EDTAEOAnalysts split on outlook for American Eagle after results
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10:28 EDTDKSOptions with decreasing implied volatility
Options with decreasing implied volatility: KING JCP URBN DKS JWN HIG ADI DAR LOW TJX
10:00 EDTAEOOn The Fly: Analyst Downgrade Summary
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09:02 EDTAEOAmerican Eagle should be bought on weakness, says SunTrust
After American Eagle reported stronger than expected Q2 results, SunTrust thinks the company's Q3 guidance was strong and conservative. The firm notes that some were disappointed that the retailer's Q3 comp guidance came in below expectations, but the firm says its recent checks on the company have been favorable, while its fundamentals should continue to improve. SunTrust reiterates a $19 price target and Buy rating on the shares.
08:00 EDTAEOAmerican Eagle downgraded to Equal Weight from Overweight at Stephens
Stephens downgraded American Eagle to Equal Weight with an $18 price target to reflect balanced risk/reward and high expectations. The firm expects comp growth to decelerate, limiting share upside.

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