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Stock Market & Financial Investment News

News For ARAY;AGU;HNR;POT;CSTR;SCTY;MOS;FINL From The Last 14 Days
Check below for free stories on ARAY;AGU;HNR;POT;CSTR;SCTY;MOS;FINL the last two weeks.
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August 29, 2014
07:47 EDTARAYAccuray weakness a buying opportunity, says Brean Capital
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August 28, 2014
08:09 EDTAGUAgrium unit enters commercialization, technology development agreement
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August 27, 2014
08:14 EDTSCTYSolarCity investor meeting highlights buy thesis, says Goldman
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August 26, 2014
08:03 EDTAGUAgrium unit acquires controlling interest in Agricen
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August 22, 2014
10:48 EDTFINLFoot Locker jumps after earnings beat expectations
Shares of shoe and apparel retailer Foot Locker (FL) are higher after the company reported second quarter earnings which exceeded analysts' expectations. WHAT'S NEW: Foot Locker reported Q2 adjusted earnings per share of 64c, which surpassed analysts' consensus of 54c. The company's Q2 revenue was $1.64B, which was higher than analysts' consensus of$1.57B. Foot Locker's same-store-sales increased 7% and its gross margin rate was up 32% for the quarter. WHAT'S NOTABLE: During the company's conference call, Foot Locker said third quarter comparable sales are positioned to experience mid-single digit gains. The company noted that it is making "good progress" on maintaining a "solid" flow of inventory and its inventory overall is well-positioned for the upcoming back-to-school and fall seasons. Foot Locker is still on-track to close just over 100 stores this year, but some closures are expected to happen at the beginning of FY15. The retailer is projecting to open 80 stores this year mostly in Europe and Kids Foot Locker, which is an increase from the company's initial projection of opening 60 stores. A high-single digit comparable sales gain has been experienced by the company so far in August. It anticipates a SG&A improvement of 30-40 basis points and gross margins to be up 20-40 basis points in Q3. ANALYST OPINION: Two days ago, Canaccord said that they were positive on Foot Locker prior to Q2 earnings results since they foresaw the results to be "solid." The firm felt that the retailer was "well-positioned" to still benefit from its target of expanding toward casual athletic footwear. The firm maintained a $56 price target on Foot Locker with a Buy rating. Yesterday, UBS increased its price target on Foot Locker to $58 from $54 right before the retailer announced its Q2 results. The firm anticipated higher than expected earnings, positive SSS trends and the potential for increased guidance and valuation. UBS kept Foot Locker with a Buy rating. OTHERS TO WATCH: Foot Locker competitor Finish Line (FINL) is scheduled to report its Q2 quarter earnings on September 25. PRICE ACTION: During morning trading, Foot Locker shares rose $1.60 or just over 3%, to $54.17, and Finish Line shares rose 19c, or 0.65%, to $29.62.
07:09 EDTSCTYSolarCity bookings momentum strong, says Deutsche Bank
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August 21, 2014
17:22 EDTAGUAgrium names Steve Douglas as CFO, effective November 3
Agrium is pleased to announce Steve Douglas has accepted the position of Senior Vice President and CFO effective November 3. Steve comes to Agrium from Brookfield Asset Management where he was Senior Managing Partner and CFO of Brookfield Property Partners and also previously held the role of CFO at Falconbridge.
16:13 EDTARAYAccuray sees FY14 revenue $390M-$410M, consensus 359.52M
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16:11 EDTARAYAccuray reports Q4 EPS (13c), consensus (7c)
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08:59 EDTSCTYSolarCity management to meet with Deutsche Bank
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August 19, 2014
10:13 EDTSCTYOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: CNOOC (CEO) downgraded to Hold from Buy at Jefferies... Guess (GES) downgraded to Neutral from Overweight at Piper Jaffray... Ingersoll-Rand (IR) downgraded at RW Baird... Lehigh Gas (LGP) downgraded to Neutral from Buy at Ladenburg... Lexicon (LXRX) downgraded to Hold from Buy at Gabelli... Monster Beverage (MNST) downgraded to Neutral from Buy at SunTrust... Nobel Biocare (NBHGY) downgraded to Hold from Buy at Berenberg... Saint Joe Co. (JOE) downgraded to Market Perform from Outperform at Raymond James... SolarCity (SCTY) downgraded at RW Baird.
09:11 EDTSCTYSolarCity downgraded at RW Baird
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06:00 EDTSCTYSolarCity downgraded to Neutral from Outperform at RW Baird

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