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Stock Market & Financial Investment News

News Breaks
December 19, 2012
18:55 EDTFB, JWN, GPS, MFacebook testing 'Collections' feature with retailers, AllThingsD reports
Facebook (FB) is testing a feature called "Collections" with retailers, including Nordstrom (JWN), Old Navy (GPS), and Macy's (M), that allows users to "like, want and add" pictures of products to a favorite list similar to Pinterest, according to an AllThingsD report. Reference Link
News For FB;JWN;GPS;M From The Last 14 Days
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September 8, 2014
10:06 EDTGPSOn The Fly: Analyst Downgrade Summary
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10:00 EDTFBFacebook may soon enter China, DoNews reports
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09:40 EDTFBActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TWTR TSLA YHOO BAC FB MSFT NFLX GILD MCD
09:18 EDTGPSGap downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merrill downgraded Gap to Underperform based on expectations it will miss full year guidance and consensus expectations. The firm said lower than expected August comps due not bode well for turnaround and lowered its full year EPS estimate to $2.85 from $2.96, vs. guidance of $2.95-$3.00.
06:34 EDTFBFacebook's Zuckerberg sees WhatsApp reaching up to 3B users, WSJ reports
Speaking at an event in Mexico City, Facebook CEO Mark Zuckerberg says messaging service WhatsApp could reach two to three billion users through a tie-up with Facebook, though WhatsApp will stay an independent service, the Wall Street Journal reports. Facebook agreed to pay $19B for WhatsApp earlier this year. Reference Link
September 7, 2014
14:24 EDTFBFacebook CEO ready to spend billions to spread internet access, Bloomberg says
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September 5, 2014
17:55 EDTGPSGap valuation 'enticing' despite sales drop, Barrons contends
Following Gap's unexpected August SSS drop, shares fell by more than 5% which creates a buying opportunity for the stock, according to Barron's 'Barron's Take' column. Barron's believes share buybacks and effective cost control can help Gap meet its earnings forecasts. Reference Link
16:45 EDTGPSMarket ends week little changed after mixed economic data
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16:25 EDTGPSOn The Fly: Closing Wrap
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12:57 EDTGPSOn The Fly: Midday Wrap
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12:19 EDTGPSGap falls after reporting August same-store sales decline
Shares of apparel retailer Gap (GPS) are falling after the company reported disappointing August same-store sales results and Buckingham analysts downgraded the company's stock. WHAT'S NEW: Gap reported last night that its August comparable sales declined 2%, compared to a 2% increase a year ago in the same month. Gap Global SSS fell 9%, Banana Republic Global SSS fell 2% and Old Navy Global SSS rose 2%. Gap also reported its August net sales were flat compared to last year's $1.23B. WHAT'S NOTABLE: Looking ahead, the company said Gap's August sales performance will likely put pressure on the brand's gross margins in September. ANALYST REACTION: Gap was downgraded to Neutral from Buy at Buckingham this morning following the August comparable sales numbers. Buckingham analysts say they question the previously anticipated 2H14 comp recovery at the core brand and do not see upside to the stock if the flagship brand does not turn positive in the second half. Buckingham expects the stock's multiple to contract back to its historical average until sales improve. The firm still expects full-year 2014 guidance to be achievable as Gap manages expenses and it continues to like operational improvements the company is making in its supply chain and omni-channel initiatives. Until sales improve, Buckingham expects shares to remain range bound near $44 to $46. UBS analysts, on the other hand, say Gap's share weakness presents a buying opportunity. The firm said the miss does not derail the company's ability to show improvement over the second half and does not impact their long-term thesis tied to margin improvement opportunities. PRICE ACTION: Near noon, Gap fell $2.20, or about 5%, to $44.39. OTHERS TO WATCH: Competitors to Gap include American Apparel (APP), American Eagle (AEO), Urban Outfitters (URBN), Express (EXPR), and Abercrombie and Fitch (ANF).
11:51 EDTFBStocks with call strike movement; VALE FB
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10:05 EDTGPSOn The Fly: Analyst Downgrade Summary
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09:35 EDTFBActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GILD TSLA YHOO WFM SLW ABX GOOG FB BIDU
09:17 EDTGPSGap downgraded at Buckingham
As noted earlier, Buckingham downgraded Gap to Neutral from Buy. The firm says that weaker than expected August comparative sales at the company's Gap brand is causing it to question its previous forecast for comps to recover in the seocnd half of the year. The firm expects the shares to remain range bound until the sales of the Gap brand improve. Target $46.
09:16 EDTGPSOn The Fly: Pre-market Movers
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08:00 EDTGPSGap volatility is expected to move following disappointing August comps
Gap volatility is expected to move following disappointing August comps. Overall option implied volatility of 23 is below its 26-week average of 26 according to Track Data, suggesting decreasing price movement.
07:50 EDTGPSGap downgraded to Neutral from Buy at Buckingham
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07:42 EDTGPSGap weakness a buying opportunity, says UBS
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07:06 EDTFBFacebook rolls out three-step privacy check up to all users, WSJ reports
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