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Stock Market & Financial Investment News

News Breaks
June 26, 2014
09:01 EDTDSW, EBAYDSW to expand omnichannel fulfillment capabilities with eBay Enterprise
eBay Enterprise (EBAY) announced Designer Shoe Warehouse (DSW) will expand its omnichannel fulfillment capabilities with eBay Enterprise In-Store Pickup.
News For DSW;EBAY From The Last 14 Days
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November 25, 2015
10:29 EDTEBAYeBay says working to resolve issues some users are experiencing
In a tweet to its official Twitter account, eBay states: "We're aware that some users are experiencing issues & we're working to resolve. We apologize for any inconvenience! Stay tuned for updates." Reference Link
10:04 EDTEBAYOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: 21Vianet (VNET) downgraded to Neutral from Overweight at JPMorgan... Anglo American (AAUKY) downgraded to Reduce from Hold at HSBC... Boulder Brands (BDBD) downgraded to Market Perform from Outperform at William Blair... Cracker Barrel (CBRL) downgraded to Hold from Buy at Argus... HP Inc. (HPQ) downgraded to Hold from Buy at Needham... PTC Therapeutics (PTCT) downgraded to Underperform from Hold at Jefferies... SunEdison (SUNE) downgraded to Sell from Neutral at UBS... TerraForm Power (TERP) downgraded to Sell from Neutral at UBS... Tiffany (TIF) downgraded to Neutral from Buy at Monness Crespi... Valspar (VAL) downgraded on negative catalysts at RBC Capital... eBay (EBAY) downgraded to Buy from Conviction Buy at Goldman.
06:46 EDTEBAYeBay downgraded to Buy from Conviction Buy at Goldman
Goldman analyst Heath Terry removed eBay from the Conviction Buy List due to share outperformance. Terry maintains his Buy rating and increased his price target to $33 from $30 on shares, citing a more focused strategy following the PayPal spinoff, investments in technology and marketing to support Marketplaces, ongoing capital returns and what he views as a favorable risk/reward ratio.
November 24, 2015
07:07 EDTDSWDSW backs FY15 EPS $1.40-$1.50, consensus $1.47
Backs FY15 revenue growth of 4%, consensus $2.58B. Backs FY15 flat comparable sales.
07:06 EDTDSWDSW reports Q3 EPS 44c, consensus 43c
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November 23, 2015
13:27 EDTDSWDSW volatility elevated into Q3 and outlook
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November 19, 2015
10:00 EDTDSWOn The Fly: Analyst Initiation Summary
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November 18, 2015
19:27 EDTDSWDSW initiated with an Underperform at Wells Fargo
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November 16, 2015
17:16 EDTEBAYIcahn liquidated eBay stake, took Paypal stake
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17:02 EDTEBAYPoint72 added to lululemon position, subtracted from Netflix position
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09:59 EDTEBAYOmega bought Valeant in Q3, sold some SuneEdison
Leon Cooperman's Omega Advisors gave a quarterly update on its stakes in a filing this morning, disclosing its positions as of September 30. NEW STAKES: Pfizer (PFE), Valeant (VRX) Walgreens Boots Alliance (WBA), TerraForm Global (GLBL), Cigna (CI). INCREASED STAKES: Google Class A (GOOGL), Facebook (FB), Delta Air Lines (DAL). DECREASED STAKES: SunEdison (SUNE), Shire (SHPG), Citi (C), KAR Auction (KAR), LyondellBasell (LYB). LIQUIDATED STAKES: McKesson (MCK), 21st Century Fox (FOXA), General Motors (GM), QEP Resources (QEP), eBay (EBAY).
09:33 EDTEBAYeBay second week of November SSS up 0.4%, ChannelAdvisor says
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November 13, 2015
17:04 EDTEBAYThird Point gives quarterly update on stakes
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November 12, 2015
14:34 EDTEBAYIAC bid unlikely best offer for Angie's List, others interested, The Deal says
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November 11, 2015
12:56 EDTEBAYOptions with increasing call volume
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11:56 EDTDSWBoot Barn plummets after lowering profit outlook
Shares of Boot Barn (BOOT), which offers western and work-related footwear, apparel and accessories, are sinking after the firm lowered its fiscal 2016 profit outlook. WHAT'S NEW: Tuesday night after the close, Boot Barn reported second quarter adjusted earnings per share of 4c and revenue of $129.7M, compared to analysts' consensus estimates of 4c and $130.83M, respectively. Q2 same store sales increased 0.1%. Core Boot Barn same store sales, which include and exclude Sheplers, increased 1.6%. WHAT'S NOTABLE: Looking ahead to Q3, the company expects adjusted EPS of 47c-49c, below consensus of 51c. Q3 SSS growth is seen in the low-single digits. SSS growth excluding Sheplers is seen in the flat to low-single digits. For FY16, the company lowered its adjusted EPS view to 76c-80c from 85c-90c, well short of the consensus of 86c. FY16 SSS growth is expected in the low single digits. Boot Barn plans to open 22 new stores, with 9 expected to open in the second half of the fiscal year. ANALYST REACTION: This morning, research firm BB&T downgraded Boot Barn to Hold from Buy following the weak Q2 report and reduced FY16 guidance. Analyst Corinna Freedman said Boot Barn is more exposed to macro pressures than previously thought and viewed shares as fairly valued. Another firm, Baird, said the near-term visibility for Boot Barn has been reduced but the long-term growth story remains intact. The firm said the short-term impact from lower oil/commodity prices is proving more widespread than previously anticipated. Baird thinks there is a compelling risk/reward for longer-term growth oriented investors and maintained its Outperform rating, but lowered its price target to $22 from $28 on Boot Barn shares. PRICE ACTION: In late morning trading, Boot Barn fell about 12.5% to $12.96 on more than four times its average daily trading volume. Including today's pull back, the shares have lost approximately 31% over the past 12 months. OTHERS TO WATCH: Other companies in the footwear and apparel space include Genesco (GCO), down 5%, Shoe Carnival (SCVL), down 2.6%, Caleres (CAL), down 3%, and DSW (DSW), down 3.5%.

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