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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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August 15, 2014
13:35 EDTFBFacebook July metrics remain strong, says JPMorgan
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12:39 EDTJWNOn The Fly: Midday Wrap
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10:30 EDTM, JWNJ.C. Penney falls despite posting a narrower than expected Q2 loss
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10:18 EDTJWNNordstrom management to meet with Piper Jaffray
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09:10 EDTJWNOn The Fly: Pre-market Movers
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07:25 EDTFBFacebook Messenger said to receive harsh criticism, FT reports
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06:00 EDTFBFacebook's Sam Lessin leaving company, Business Insider reports
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August 14, 2014
19:08 EDTJWNOn The Fly: After Hours Movers
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17:27 EDTFBAppaloosa gives quarterly update on stakes
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17:08 EDTFBSoros Fund Management gives quarterly update on stakes
NEW STAKES: CONSOL Energy (CNX), Google (GOOG), Level 3 (LVLT), Time Warner (TWC), and New Oriental (EDU). INCREASED STAKES: YPF SA (YPF), Apple (AAPL), Facebook (FB), AIG (AIG), and American Airlines (AAL). DECREASED STAKES: Teva (TEVA), Liberty Global (LBTYK), Barrick Gold (ABX), EQT (EQT), and Comcast (CMCSA). LIQUIDATED STAKES: FedEx (FDX), Monster Beverage (MNST), Google (GOOGL), Devon Energy (DVN), Marathon Petroleum (MPC).
16:26 EDTJWNNordstrom sees Trunk Club acquisition dilutive to FY14 EPS by 3%-5%
On July 31, Nordstrom announced that it entered into an agreement to acquire Trunk Club, a personalized clothing service for men. Trunk Club is a high-growth company and expects to achieve operational profitability and more than double its annual sales to over $100M. The company believes this acquisition represents a natural extension of its core business, aligns with its strategic priorities around a relevant customer experience and accelerates entry into this fast-growing market. The company will acquire Trunk Club for $350M in Nordstrom stock, a portion of which is retention-based and subject to future vesting. In addition, the transaction includes a long-term management incentive plan of up to $100M subject to Trunk Club's performance. The transaction is expected to be dilutive to earnings per diluted share for the next several years primarily due to share issuance, performance incentives and amortization of intangibles. The company estimates the acquisition, including Trunk Club’s projected operating performance, will reduce earnings per diluted share in FY14 by 3%-5%. Trunk Club will operate as an independent, wholly-owned subsidiary and will be managed by its current leadership. The transaction is expected to close in the third quarter, subject to closing conditions including customary regulatory and shareholder approvals.
16:09 EDTJWNNordstrom to open three full-line stores later this year
Nordstrom plans to open three full-line stores (The Woodlands, Texas; Calgary, Canada and Jacksonville, Florida) later this year. To date in fiscal 2014, the company opened 11 Nordstrom Rack stores and plans to open 16 additional stores during the remainder of the year. In the second quarter, the company opened a Nordstrom Rack store in Manhasset, New York.
16:08 EDTJWNNordstrom narrows FY14 EPS view to $3.80-$3.90 from $3.75-$3.90
FY14 consensus $3.90. Narrows FY14 net sales growth view to 6.5%-7.5% from 5.5%-7.5%, consensus $13.42B. Narrows FY14 comparable store sales growth view to 3%-4% from 2%-4%.
16:05 EDTJWNNordstrom reports Q2 EPS 95c, consensus 95c
Reports Q2 revenue $3.3B, consensus $3.39B. Total company comparable sales for the second quarter increased 3.3%.
15:03 EDTJWNNotable companies reporting after market close
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13:24 EDTJWNNordstrom August 67 straddle priced for 4.6% move into Q2
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12:05 EDTJWNNordstrom technical commentary ahead of results
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10:36 EDTMEarnings Preview: Analyst sees J.C. Penney reporting positive Q2 comps
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09:36 EDTFBActive equity options trading on open
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07:25 EDTFBCLSA to hold meetings
Silicon Valley Meetings consisting of meeting with various companies in the Silicon Valley area will be held on August 14-15.
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