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News Breaks | | | | November 28, 2012 | | 12:19 EDT |  | EXPR, TFM, KCG, GMCR, COST, BP, GES, ARO, ANN, AEO, JOSB | On The Fly: Midday Wrap
Stocks on Wall Street were lower for much of the morning before recovering significantly near midday. Just as a late day sell-off yesterday was prompted by some cautious fiscal cliff commentary from a notable politician, today's turn-around was sparked by optimism from one. In today's case, the averages turned following comments from House Speaker John Boehner, who said he's "optimistic" a deal with Obama can be reached and that he is willing to put revenues on the table if accompanied by spending cuts... ECONOMIC EVENTS: In the U.S., new single-family home sales fell 0.3% in October to a seasonally adjusted 368,000-unit annual rate. Also, the government revised sharply lower its estimate for the prior month's sales, cutting its estimate for sales in September by 20,000 to a 369,000-unit rate. The EIA reported crude oil inventories drew down by 347,000 barrels last week, versus expectations for a 350,000 barrel build up. In Europe, Spain’s bank restructuring was approved, paving the way for euro zone aid to be disbursed... COMPANY NEWS: The Environmental Protection Agency announced BP (BP) will be suspended from winning new contracts from the federal government until the oil major can demonstrate it meets business standards set by the U.S., though the action does not affect existing contracts. Shares of BP fell about 0.7% near noon... Several apparel retailers reported better than expected results and saw their shares advance, including Express (EXPR), American Eagle Outfitters (AEO) and Ann Inc. (ANN). This may or may not bode well for some of their peers expected to report after the bell, including Aeropostale (ARO) and Guess (GES)... Costco (COST) shares rose over 4% after reporting its November same store sales rose 6% and declaring a $7 per share special dividend... MAJOR MOVERS: Among the notable gainers was Green Mountain Coffee Roasters (GMCR), which soared 24% after its better than expected earnings and guidance set off a wave of price target increases around the Street. Also higher were shares of Knight Capital (KCG), which rose 14% to $3.39 after shareholder Getco proposed a complex takeover bid that values shares at $3.50 apiece but involves a cash component and a share dispersal following a merger. Among the noteworthy losers was The Fresh Market (TFM), down 14% after its CFO unexpectedly resigned to take another position and its shares were downgraded at Deutsche Bank and Northcoast. Also lower were shares of Jos. A Bank (JOSB), down 7% after it was unable to participate in the rally among clothing retailers as its revenue beat consensus but its earnings fell short... INDICES: Near noon, the Dow was up 16.36, or 0.13%, to 12,894.49; the Nasdaq was down 2.31, or 0.08%, to 2,965.48; and the S&P 500 was down 0.88, or 0.06%, to 1,398.06. | |
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News For EXPR;AEO;ANN;ARO;GES;BP;COST;GMCR;KCG;TFM;JOSB From The Last 14 Days Check below for free stories on EXPR;AEO;ANN;ARO;GES;BP;COST;GMCR;KCG;TFM;JOSB the last two weeks. |
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| May 23, 2013 | | 18:54 EDT |  | ARO | On The Fly: After Hours Movers
UP AFTER EARNINGS: Pandora (P), up 9%... Infoblox (BLOX) up 16.8%... Marvell (MRVL), up 7.3%. DOWN AFTER EARNINGS: Sears Holding (SHLD), down 11.6%... salesforce.com (CRM), down 6.2%... Gap (GPS), down 3.2%... Aeropostale (ARO), down 3.1%. ALSO LOWER: AVEO Pharmaceuticals (AVEO), down 12.9% after disclosing that its partner Astellas will not submit an EMA marketing application for tivozanib... Titan Machinery (TITN), down 12.4% after saying it sees first quarter earnings below consensus and the company cut its full-year earnings view. | | | 16:11 EDT | | ARO | Aeropostale reports Q1 SSS down 14%
 Subscribe for More Information | | | 16:04 EDT |  | ARO | Aeropostale sees Q2 EPS (20c)-(15c), consensus (6c)
| | | 16:03 EDT | | ARO | Aeropostale reports Q1 EPS (16c) , consensus (17c)
Subscribe for More Information | | | 15:24 EDT | | ARO | Notable companies reporting after market close
Subscribe for More Information | | | 12:47 EDT | | ARO | rue21 agrees to buyout, as previously predicted by analyst
Subscribe for More Information | | | 10:18 EDT |  | GES | Guess downgraded to Hold from Buy at Standpoint Research
| | | 09:53 EDT |  | GMCR | Green Mountain falls sharply in early trading, levels to watch
The stock is down over 7.3% at time of writing to $70.68. At that price, next support is at $68.09. Resistance is at $71.87. The shares broke down below the 10-day moving average yesterday. It would now take a move above that level to put the stock back on its previous bullish uptrend, at the $78 area. | | | 07:47 EDT |  | BP | Restrictions may force BP to surrender KG basin block, Economic Times reports
Subscribe for More Information | | | May 22, 2013 | | 19:29 EDT | | ARO, AEO | Gap shares may be overheated, WSJ says
Subscribe for More Information | | | | 14:36 EDT |  | GMCR | Green Mountain puts active on wide price movement
Subscribe for More Information | | | 09:43 EDT | | BP | BP plans to increase production, investment in Iraq, DJ reports
Subscribe for More Information | | | 08:09 EDT | | AEO | American Eagle sees FY13 EPS $1.42-$1.45, consensus $1.49
Sees second half comparable sales growth in the low-single digits. | | | 08:08 EDT | | AEO | American Eagle sees Q2 EPS 19c-21c, consensus 24c
Subscribe for More Information | | | 08:07 EDT | | AEO | American Eagle reports Q1 adjusted EPS 18c, consensus 17c
Reports Q1 revenue $679.5M, consensus $678.41M. Reports consolidated comparable sales, including AEO Direct, decreased 5%. | | | 07:49 EDT | | BP | BP fights "unjustified" Gulf oil spill payments, FT reports
Subscribe for More Information | | | 07:21 EDT |  | GES | MIT Sloan Alumni Club of Boston to hold a symposium
Subscribe for More Information | | | May 21, 2013 | | 15:18 EDT | | AEO | Notable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Lowe's (LOW), consensus 51c; Target (TGT), consensus 87c; Staples (SPLS), consensus 27c; Toll Brothers (TOL), consensus 7c; Eaton Vance (EV), consensus 52c; American Eagle Outfitters (AEO), consensus 17c; Booz Allen (BAH), consensus 37c; | | | 14:50 EDT | | COST | Wal-Mart among 19 large retailers to opt out of swipe fee deal, DJ reports
A group of 19 large retailers led by Wal-Mart (WMT) are opting out of a pending settlement with Visa (V) and MasterCard (MA) over swipe fees, reported Dow Jones, citing a statement from the companies. The group of merchants also includes Costco (COST), Starbucks (SBUX), Gap (GPS), Lowe's (LOW) and Nike (NKE), among others, and their announcement comes a week before a court deadline to object to and opt out of the proposed settlement, the report noted. Reference Link | | | 07:30 EDT |  | ARO | Aeropostale shares should be bought on any weakness after Q1 results, at RBC Capital
RBC Capital expects Q1 results to be "difficult" for Aeropostale. However,the firm thinks the company has "pockets of hope," as it expects the company's merchandise to improve in 2H13 and 2014. The firm keeps a $24 price target and Outperform rating on the stock. | | |
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