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Stock Market & Financial Investment News

News For ULTA;ZNGA;GRPN;YUM;CBK;FB;ZUMZ;AVGO;FIVE;RGC;NURO From The Last 14 Days
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October 7, 2014
15:16 EDTYUMNotable companies reporting after market close
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14:27 EDTYUMYum! Brands October weekly 70 straddle priced for 4.6% move into Q3
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13:48 EDTFBFacebook to release anonymous chat application, NY Times reports
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13:33 EDTFBGoogle executive says Google+ here to stay, Re/code reports
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13:03 EDTYUMYum! Brands technical notes ahead of results
The shares have markedly under-performed in the prior three months, trading down over 14%. A great deal of the share price loss came at the front of the interval during the tainted-meat scandal in China. After the initial drop, shares have been basing in a range of $70 at the low and $73 at the high. The base at $70 may be particularly important. If the news is worse than already low expectations, that support at the $70 area could be lost. Next support below would be at $68.20 and then at $66.16. An extreme price reaction could see the 52-week low at $64.08 tested as well or perhaps broken. Equally, an upside surprise could see the top of the range tested at $73. Given low expectations, a bit of stronger news could push the stock through that resistance level. Next upside would be at $73.84, $75.44, and then at $76.33 on an increasing band of positive surprises.
12:09 EDTCBKOn The Fly: Midday Wrap
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11:34 EDTCBKChristopher & Banks plummets after cutting Q3 revenue outlook
Shares of specialty women's apparel retailer Christopher & Banks (CBK) are sinking after the company lowered its third quarter revenue outlook. WHAT'S NEW: This morning, Christopher & Banks lowered its Q3 revenue outlook to $114M-$118M from its previous guidance of $122M-$124, trailing the consensus of $123.98M. The company also cut the top end of its Q3 margin forecast, lowering its margin growth outlook to 75-100 basis points from its prior view of 75-125 bps. SG&A dollars for the quarter are expected to be approximately $33.5M-$34M, below its prior guidance of $34M-$34.5M. Christopher & Banks expects its inventory at the end of the quarter will remain higher than the comparable prior year period on a dollar per square foot basis, but at a level lower than at the end of Q2, due to planned higher levels of core inventory. WHAT'S NOTABLE: The company believes sales have been negatively impacted by continued softness in mall traffic and lower than expected sales from its September fashion show. The company noted that the demand for fashion merchandise exceeded planned inventory levels, due to late receipts associated with the West Coast port disruptions. President and Chief Executive Officer LuAnn Via said in a statement, "We believe that the continued softness in traffic trends, coupled with the difficult overall retail environment, have adversely affected our sales as compared to our initial expectations for the quarter." She said the firm assumes promotional activity will continue to be aggressive and that the current environment will continue to be challenging, creating continued pressure on sales and margins. PRICE ACTION: In late morning trading, Christopher & Banks fell $2.69, or about 30%, to $6.40 on nearly four times its average daily trading volume. Despite today's pull-back, the shares have only lost approximately 2% over the past 12 months. OTHERS TO WATCH: Other specialty women's retailers include Chico's FAS (CHS), down 1.28%, Ann Inc. (ANN), down 2.1%, and L Brands (LB), down 1.13%.
09:14 EDTCBKOn The Fly: Pre-market Movers
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08:08 EDTCBKChristopher & Banks says Q3 sales negatively impacted by mall traffic softness
In regards to its Q3 outlook, the company believes sales have been negatively impacted by continued softness in mall traffic and lower than expected sales from its September fashion show, as the demand for fashion merchandise exceeded planned inventory levels, as well as due to late receipts associated with the West Coast port disruptions.
08:06 EDTCBKChristopher & Banks lowers Q3 revenue view to $114M- $118M
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08:05 EDTCBKChristopher & Banks lowers Q3 revenue view to $114M- $118M
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06:43 EDTFBGM using Facebook, calls to reach out and get recalled cars fixed, AP reports
General Motors (GM) is using Facebook (FB) messages and phone calls to reach out to vehicle owners who have yet to bring in their cars the company has recalled, reports the Associated Press. CEO Mary Barra has also sent a personal letter urging people to get the switches replaced. Reference Link
October 6, 2014
16:00 EDTFBOptions Update; October 6, 2014
iPath S&P 500 VIX Short-Term Futures up 46c to 30.08. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX HPQ C RSH CLF PBR according to Track Data.
13:47 EDTFBFacebook acquisition cost of WhatsApp increased to $22B from $19B, Reuters says
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09:46 EDTFBFacebook completes acquisition of WhatsApp
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08:56 EDTFBFacebook's shuttle bus drivers look to join union, NY Times reports
Facebook shuttle bus drivers, complaining of grueling 15-hour workdays, are seeking representation by the Teamsters union, the New York Times reports. Reference Link
07:36 EDTAVGOAvago price target raised to $97 from $95 at Canaccord
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07:22 EDTZUMZZumiez comp trends accelerated in September, says William Blair
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06:43 EDTFBFacebook has obtained $2B in legal judgments against spammers
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06:40 EDTFBHackers discover Facebook experimenting with Messenger payments, TechCrunch says
Hackers have discovered that Facebook is experimenting with payments in its Messenger app, TechCrunch reports. It is unclear whether Facebook will monetize Messenger by charging a small fee for money transfers, or would offer the functionality for free to drive usage of the standalone Messenger app. Reference Link
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