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January 10, 2014
05:36 EDTGPS, FDO, LB, SHLDLow-end retailers struggle as customers remain pressured, WSJ reports
As the outlook for the U.S. economy has improved, the results show that the slightly rising tide isn't lifting all boats. Retailers catering to lower income consumers had a rough holiday. Those shoppers remain under pressure from tepid job growth, stagnant wages, higher payroll taxes and the loss of government assistance programs like food stamps, reports the Wall Street Journal.Reference Link
News For FDO;SHLD;LB;GPS From The Last 14 Days
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November 19, 2015
15:21 EDTGPSNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Intuit (INTU), consensus (4c)... Ross Stores (ROST), consensus (50c)... Workday (WDAY), consensus (4c)... Autodesk (ADSK), consensus 8c... Gap (GPS), consensus 63c... Splunk (SPLK), consensus 1c... Williams-Sonoma (WSM), consensus 72c... Mentor Graphics (MENT), consensus 29c.
14:08 EDTGPSGap technical comments ahead of earnings
The shares are trading near multi-year lows ahead of earnings, with a strong downtrend bias. If the news continues to be bearish, the downtrend is likely to extend. Support levels to watch as potential downside objectives would be at $24.41, $22.58, and $21.17. If the news is instead a bullish surprise, the first significant resistance level would be at the 30-day moving average which was last at $26.86. A move above the 30-day would break the current downtrend leg. Next resistance levels would be at $28.37 and then at $29.15.
09:07 EDTLBL Brands sees FY15 comps to be up in low- to mid-single digits
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09:06 EDTLBL Brands sees Q4 comparable growth to be up low-single digits
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07:36 EDTLBL Brands results lead to greater upside conviction, says UBS
UBS noted L Brands Q3 results beat its previously announced guidance and sees a solid start to Q4. The firm sees Q4 guidance as conservative and said the company's strong brands, multiple topline and margin opportunities give them greater conviction in the upside opportunity for the shares. UBS reiterated its Buy rating and $110 price target on L Brands.
November 18, 2015
16:18 EDTLBL Brands sees Q4 EPS $1.85-$1.95, consensus $1.98
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16:18 EDTLBL Brands raises FY15 adjusted EPS view to $3.69-$3.79 from $3.58-$3.73
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16:17 EDTLBL Brands raises FY15 adjusted EPS view
16:17 EDTLBL Brands reports Q3 EPS 55c, consensus 52c
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14:38 EDTLBNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Salesforce (CRM), consensus 19c... L Brands (LB), consensus 52c... (CTRP), consensus 9c... NetApp (NTAP), consensus 57c... Keurig Green Mountain (GMCR), consensus 71c.
05:41 EDTGPSGap implied volatility of 43 at upper end of index mean range
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November 17, 2015
10:42 EDTGPSGap volatility elevated into Q3 and outlook
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05:36 EDTGPSGap implied volatility of 42 at upper end of index mean range
November 16, 2015
11:35 EDTSHLDDillard's sinks to 52-week low after joining chorus of 'disappointed' retailers
Shares of Dillard's (DDS), a retailer of fashion apparel, cosmetics and home furnishing, are falling to their worst level in a year after the company became the latest in its industry to report lower than expected third quarter results. WHAT'S NEW: This morning, Dillard's reported Q3 earnings per share of $1.19 and revenue of $1.435B, narrowly missing analysts' consensus estimates of $1.20 and $1.49B, respectively. Same-store sales for the quarter fell 4%. Total merchandise sales decreased 3% for the 13-week period ended October 31. Weaker performing categories were men's apparel and accessories and ladies' accessories and lingerie with notable weakness in home and furniture the company explained. Dillard's Chief Executive Officer, William T. Dillard, II, stated, "We are disappointed with our third quarter sales performance and in the resulting decline in profit. Share buyback remained a high priority, and we repurchased $175 million of stock under our share repurchase program." WHAT'S NOTABLE: Gross margin from retail operations improved 11 basis points of sales for the 13 weeks ended October 31 compared to the prior year third quarter. Consolidated gross margin for the 13 weeks ended October 31 declined 30 basis points of sales compared to the prior year third quarter. The disparity between retail and consolidated gross margin performance is attributable to increased revenue at CDI, which is a substantially lower margin business. Inventory increased 6% at October 31 compared to November 1, 2014. For FY15, the company expects capital expenditures of $150M. PRICE ACTION: In late morning trading, Dillard's fell $5.81, or 7.5%, to $71.79 on more than three times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week low of $68.05. Including today's pull back, the shares have lost about 36% over the past 12 months. OTHERS TO WATCH: Other apparel, cosmetics and home furnishing retailers include Macy's (M), Kohl's (KSS), JC Penny (JCP), Sears (SHLD) and Nordstrom (JWN).
07:05 EDTLBL Brands volatility elevated into Q3 and outlook
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November 12, 2015
12:09 EDTGPSOld Navy: More than 800 stores to open at 4 pm on Thanksgiving Day
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November 10, 2015
12:25 EDTGPSOn The Fly: Top stock stories at midday
Stocks on Wall Street opened in negative territory and drifted throughout the morning, with the Dow and S&P recovering more quickly than the Nasdaq. The Nasdaq remains down by about 0.5% amid a slide in Apple (AAPL) following cautious analyst comments around weakness seen in its supply chain. ECONOMIC EVENTS: In the U.S., import prices fell 0.5% in October and export prices slipped 0.2%. Wholesale sales rose 0.5% in September, with inventories rising 0.5% in the month as well. In China, the consumer inflation rate fell to an annual 1.3% in October, which was down from 1.6% the month before and below the 1.5% consensus forecast. COMPANY NEWS: Shares of Apple declined nearly 3% after Credit Suisse analyst Kulbinder Garcha and the firm's Asia Technology Team said that iPhone supply chain orders have weakened recently. Garcha reduced his calendar year 2016 iPhone estimate to 222M from 242M units, but believes weakness in the stock creates an attractive entry point, given the scope of the iPhone installed base and its ability to drive future upgrades... Gap (GPS) tumbled about 4% after the apparel retailer reported that its same-store sales declined last month and gave lower than expected profit guidance for its just completed quarter... Shares of Valeant (VRX) were down about 5% near noon after the company held another call this morning with investors to update on the impact of recent negative press and the termination of its relationship with specialty pharmacy Phillidor on its business. Shares of Mallinckrodt (MNK), which was mentioned cautiously yesterday by the same short-seller that has previously targeted Valeant, are also down 5% near midday. MAJOR MOVERS: Among the noteworthy gainers was D.R. Horton (DHI), which rallied 7% after it reported quarterly earnings and provided an outlook for fiscal 2016. Also higher was Liongate (LGF), which gained 4.5% after reporting Q2 earnings and stating that Discovery (DISCA) and Liberty Global (LBTYA) each agreed to take 3.4% stakes in the company. Among the notable losers was Wayfair (W), which fell nearly 12% after it reported better than expected Q3 earnings but was also mentioned by investor Whitney Tilson as his largest short position. Also lower was Flotek (FTK), which dropped 33% after it said, in response to a cautious report yesterday, that an analysis of its FracMax database suggested that certain production data was misinterpreted by the company and understated the production of a small subset of wells. INDEXES: Near midday, the Dow was up 4.24, or 0.02%, to 17,734.72, the Nasdaq was down 22.14, or 0.43%, to 5,073.16, and the S&P 500 was up 0.34, or 0.02%, to 2,078.92.
09:29 EDTGPSOn The Fly: Pre-market Movers
UP AFTER EARNINGS: SciClone Pharmaceuticals (SCLN), up 22%... Bellicum Pharmaceuticals (BLCM), up 10.4%... Canadian Solar (CSIQ), up 8%... Rackspace Hosting (RAX), up 8.9%... Opko Health (OPK), up 6%. ALSO HIGHER: Ocata Therapeutics (OCAT), up 88.3% after being acquired by Astellas Pharma (ALPMY)... Straight Path (STRP), up 8.1% after Nikos Hecht reports 9.2% passive stake in the company... TETRA Technologies (TTI), up 3.1% after being upgraded to Overweight from Neutral at JPMorgan. DOWN AFTER EARNINGS: ExOne (XONE), down 23.3%... Galena Biopharma (GALE), down 12.2%... MannKind (MNKD), down 8%... Jazz Pharmaceuticals (JAZZ), down 8.6%... Wayfair (W), down 1.9%... Gap (GPS), down 5.4%. ALSO LOWER: Magnum Hunter (MHR), down 30.8% after saying that factors raise substantial doubt about the company's ability to continue as a going concern... Barrett Business Services (BBSI), down 35.6% after receiving a letter from its independent auditor... Callon Petroleum (CPE), down 4.6% after its 12M share Spot Secondary priced at $8.40... Cyberark (CYBR), down 3.4% after being downgraded to Neutral from Buy at BofA/Merrill.
09:16 EDTSHLDAmazon says Amazon Echo to be available in 3,000 stores in the U.S.
Amazon (AMZN) announced that Amazon Echo will be available in more than 3,000 stores around the country in time for the holiday shopping season. Customers will be able to visit select locations of The Home Depot (HD), Staples (SPLS), Sears (SHLD), Brookstone, RadioShack (RSHCQ), Fred Meyer, P.C. Richard & Son, as well as several other retailers to experience and purchase Echo.
07:27 EDTGPSGap showing less visibility on strategic turnaround, says UBS
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