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Stock Market & Financial Investment News

News Breaks
January 15, 2013
11:07 EDTCIM, CMCSK, KGC, EXPRHigh option volume stocks: EXPR CMCSK CIM KGC
News For EXPR;CMCSK;CIM;KGC From The Last 14 Days
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August 27, 2015
06:40 EDTCMCSKNielsen to start tracking for online streaming shows, WSJ reports
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August 26, 2015
12:47 EDTEXPROn The Fly: Top stock stories at midday
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11:01 EDTEXPRAbercrombie & 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.
09:25 EDTEXPROn The Fly: Pre-market Movers
UP AFTER EARNINGS: Abercrombie & Fitch (ANF), down 15.1%... Express (EXPR), up 9.8%... Frontline (FRO), up 10.4%... Chico's FAS (CHS), up 9.3%. ALSO HIGHER: Oshkosh (OSK), up 11.9% after being awarded a $6.7B contract by the U.S. Army... EMC Corporation (EMC), up 5.8% after Re/code reported that the board is considering a VMware (VMW) downstream merger proposal... Google (GOOG), up 4.6% after being upgraded to Conviction Buy from Neutral at Goldman... Ford (F), up 2.4% after Bloomberg reported that the company is considering returning production of Bronco and Ranger to the U.S. NOTABLE: Cameron International (CAM), up 45.4% after announcing that it will be acquired by Schlumberger (SLB). Schlumberger is down 1.9%. LOWER: WisdomTree (WETF), down 3.6% after being downgraded to Sell from Buy at Citi... Transocean (RIG), down 3.4% after proposing to cancel Q3 and Q4 dividends.
07:04 EDTEXPRExpress sees FY15 adjusted EPS $1.30-$1.37, consensus $1.21
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07:03 EDTEXPRExpress sees Q3 EPS 26c-29c, consensus 25c
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07:02 EDTEXPRExpress reports Q2 EPS 25c, consensus 16c
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August 25, 2015
19:16 EDTCMCSKTV service Hulu to feature programmatic ads powered by Facebook, Oracle
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15:00 EDTEXPRNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Chico's (CHS), consensus 22c... Express (EXPR), consensus 16c... Abercrombie & Fitch (ANF), consensus (4c).
13:59 EDTCMCSKHouzz acquires GardenWeb from NBCUniversal
Houzz, a start-up that operates a platform for home remodeling and design, announced on its corporate blog that it has completed the acquisition of the GardenWeb home and gardening community from Comcast's NBCUniversal. Reference Link
08:33 EDTCMCSKComcast expands advanced fiber network to Meyers Business Park
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07:07 EDTCMCSKComcast to increase speeds for Xfinity Twin Cities area customers
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August 24, 2015
15:17 EDTEXPRExpress volatility elevated into Q2 and outlook
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09:45 EDTKGCOn The Fly: Analyst Downgrade Summary
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07:00 EDTKGCKinross Gold downgraded to Underperform from Sector Perform at RBC Capital
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August 23, 2015
16:22 EDTCMCSK'Straight Outta Compton' finds little contention for No. 1 box office spot
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August 21, 2015
13:11 EDTCMCSKFly Watch: 'Straight Outta Compton' eyes second weekend at top spot
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August 20, 2015
06:10 EDTCMCSKWeather Channel said to hire banks to explore sale, Bloomberg reports
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August 19, 2015
10:20 EDTCMCSKBig telecom firms put M&A on hold, CTFN reports
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09:13 EDTCMCSKComcast upgraded to Buy from Neutral at MoffettNathanson
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