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Stock Market & Financial Investment News

News Breaks
April 13, 2012
10:24 EDTDSCI, VMW, UA, SNSS, NKE, MAKO, HLSS, HBI, FL, FINL, DOV, NTRIOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Derma Sciences (DSCI) initiated with an Overweight at Piper Jaffray... Dover (DOV) initiated with an Outperform at BMO Capital... Finish Line (FINL) initiated with a Buy at Janney Capital... Foot Locker (FL) initiated with a Buy at Janney Capital... Hanesbrands (HBI) initiated with a Buy at Janney Capital... Home Loan Servicing (HLSS) initiated with a Neutral at Sterne Agee... Mako Surgical (MAKO) initiated with a Perform at Oppenheimer... Nike (NKE) initiated with a Buy at Janney Capital... Sunesis Pharmaceuticals (SNSS) initiated with a Buy at Cantor... Under Armour (UA) initiated with a Neutral at Janney Capital... VMware (VMW) initiated with an Overweight at Piper Jaffray... NutriSystem (NTRI) initiated with a Buy at Sidoti.
News For DSCI;DOV;FINL;FL;HBI;HLSS;MAKO;NKE;SNSS;UA;VMW;NTRI From The Last 14 Days
Check below for free stories on DSCI;DOV;FINL;FL;HBI;HLSS;MAKO;NKE;SNSS;UA;VMW;NTRI the last two weeks.
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August 24, 2014
21:59 EDTVMWVMware to hold a conference
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August 22, 2014
16:42 EDTFLMarket finishes week higher on economic data, earnings
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12:20 EDTFLOn The Fly: Midday Wrap
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10:48 EDTFINL, FLFoot Locker jumps after earnings beat expectations
Shares of shoe and apparel retailer Foot Locker (FL) are higher after the company reported second quarter earnings which exceeded analysts' expectations. WHAT'S NEW: Foot Locker reported Q2 adjusted earnings per share of 64c, which surpassed analysts' consensus of 54c. The company's Q2 revenue was $1.64B, which was higher than analysts' consensus of$1.57B. Foot Locker's same-store-sales increased 7% and its gross margin rate was up 32% for the quarter. WHAT'S NOTABLE: During the company's conference call, Foot Locker said third quarter comparable sales are positioned to experience mid-single digit gains. The company noted that it is making "good progress" on maintaining a "solid" flow of inventory and its inventory overall is well-positioned for the upcoming back-to-school and fall seasons. Foot Locker is still on-track to close just over 100 stores this year, but some closures are expected to happen at the beginning of FY15. The retailer is projecting to open 80 stores this year mostly in Europe and Kids Foot Locker, which is an increase from the company's initial projection of opening 60 stores. A high-single digit comparable sales gain has been experienced by the company so far in August. It anticipates a SG&A improvement of 30-40 basis points and gross margins to be up 20-40 basis points in Q3. ANALYST OPINION: Two days ago, Canaccord said that they were positive on Foot Locker prior to Q2 earnings results since they foresaw the results to be "solid." The firm felt that the retailer was "well-positioned" to still benefit from its target of expanding toward casual athletic footwear. The firm maintained a $56 price target on Foot Locker with a Buy rating. Yesterday, UBS increased its price target on Foot Locker to $58 from $54 right before the retailer announced its Q2 results. The firm anticipated higher than expected earnings, positive SSS trends and the potential for increased guidance and valuation. UBS kept Foot Locker with a Buy rating. OTHERS TO WATCH: Foot Locker competitor Finish Line (FINL) is scheduled to report its Q2 quarter earnings on September 25. PRICE ACTION: During morning trading, Foot Locker shares rose $1.60 or just over 3%, to $54.17, and Finish Line shares rose 19c, or 0.65%, to $29.62.
10:04 EDTFLHigh option volume stocks: DYN SEAS FL ROST ZION
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09:28 EDTFLFoot Locker says Q3 comparable sales to experience mid-single digit gains
Says making good progress on solid flow of inventory. Says inventory "well-positioned" for upcoming back to school and fall seasons. Still on track to close just over 100 stores this year, but some closures expected to happen at the beginning of FY15. Projecting to open 80 stores this year mostly in Europe and Kids Foot Locker, which is up from the company's initial projection of opening 60 stores. Says has experienced a high-single digit comparable sales gain so far in August. Sees Q3 SG&A improvement of 30-40 basis points. Sees Q3 gross margin up 20-40 basis points. Comments made during the company's Q2 earnings conference call.
09:05 EDTFLOn The Fly: Pre-market Movers
UP AFTER EARNINGS: GameStop (GME), up 7.1%... Foot Locker (FL), up 3%... Qunar (QUNR), up 6.9%... The Fresh Market (TFM), up 6.5%... Ross Stores (ROST), up 3.8%. ALSO HIGHER: El Pollo Loco (LOCO), up 5.3% after signing franchisee to 20 unit expansion agreement in Texas... Gap (GPS), up 2.8% after upgraded at Janney Capital following Q2 results above analyst estimates and announcing plans to open the first franchise-operated Gap stores in India in 2015. DOWN AFTER EARNINGS: Aeropostale (ARO), down 8%... Ann Inc (ANN), down 2.7%. ALSO LOWER: Ampio (AMPE), down 4.4% after downgraded at Jefferies...
07:01 EDTFLFoot Locker reports Q2 SSS up 7%
Reports Q2 gross margin rate up to 32%
07:01 EDTFLFoot Locker reports Q2 adjusted EPS 64c, consensus 54c
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August 21, 2014
15:15 EDTFLNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Foot Locker (FL), consensus 54c; ANN INC. (ANN), consensus 68c; Hibbett Sports (HIBB), consensus 31c.
11:24 EDTUA, NKEUnder Armour offered Durant $265M-$285M contract, ESPN reports
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07:51 EDTFLFoot Locker price target raised to $58 from $54 at UBS
UBS raised its price target on Foot Locker to $58 from $54 ahead of Q2 results. The firm sees higher than expected earnings, positive same store sales trends, potential for increased guidance, and valuation. Shares of foot Locker are buy rated.
August 20, 2014
16:07 EDTVMWVMware acquires CloudVolumes, terms undisclosed
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08:03 EDTNTRINutrisystem management to meet with B. Riley
Meetings to be held in San Francisco on August 26 and in Portland on August 27 hosted by B. Riley.
08:00 EDTFLFoot Locker Q2 results expected to be solid, says Canaccord
Canaccord said they are positive on Foot Locker heading into Q2 results as they expect results to be solid. The firm feels Foot Locker is well positioned to continue benefiting from the expanding tend toward casual athletic footwear. Shares of Foot Locker are buy rated with a $56 price target.
August 19, 2014
13:40 EDTFLFoot Locker September volatility up into Q2 and guidance
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13:38 EDTFLFoot Locker same-store-sales tracking above consensus, says ITG Research
08:11 EDTVMWVMware promotes Betsy Sutter to SVP, Chief People Officer
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08:09 EDTVMWVMware updates executive responsibilities
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08:03 EDTHBICarter's has favorable risk/reward, says Goldman
Goldman said cotton prices are at a 5-year low and basic apparel companies Carter's (CRI) which is Buy rated, Gildan (GIL), and HanesBrands (HBI), both Neutral rated, are the most leveraged to the lower prices. The firm believes Carter's offers the best exposure to lower cotton prices and notes leadership in kids apparel and branding offering.
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