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Stock Market & Financial Investment News

News Breaks
April 9, 2013
12:09 EDTBBY, FOSLStocks with call strike movement; BBY FOSL
Best Buy (BBY) September 32 call volatility increased 2% to 49, Fossil (FOSL) May 115 call option implied volatility decreased 2% to 47 according to iVolatility.
News For FOSL;BBY From The Last 14 Days
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August 28, 2015
10:26 EDTBBYOptions with decreasing implied volatility
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August 27, 2015
15:18 EDTFOSLMovado spikes after reporting Q2 results, backing FY16 guidance
Movado Group (MOV), which designs, sources, markets and distributes watches, is trading sharply higher after reporting better than expected second quarter earnings and revenue, as well as backing its fiscal 2016 guidance. WHAT'S NEW: Movado reported Q2 earnings per share of 50c against a consensus of 42c, and Q2 revenue of $145.6M against a consensus of $142.25M. The company also backed its FY16 EPS view of $2.00-$2.10 against a consensus of $2.05, and backed its FY16 revenue view of $590M-$600M against a consensus of $593.13M. Movado said it anticipates recording the remainder of the previously announced $3M-$4M pre-tax charge related to operating efficiency initiatives by the end of FY16, which is excluded from its guidance. ANALYST RESEARCH: On August 25, Barrington Research released an earnings preview that advised staying "on the sidelines" with Movado, forecasting the company's EPS at 40c and its revenue at $144.3M. The firm, which had rated Movado at Market Perform, correctly predicted the company would maintain its guidance. PRICE ACTION: In late afternoon trading, Movado is higher by $3.93, or 17.6%, to $26.25. PEERS: Competitor Fossil Group (FOSL) is trading higher by 2.6%.
06:01 EDTBBYStocks with implied volatility below IV index mean; BBY TEVA
Stocks with implied volatility below IV index mean; Best Buy (BBY) 34, Teva (TEVA) 33 according to iVolatility.
August 26, 2015
10:00 EDTBBYOn The Fly: Analyst Upgrade Summary
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06:35 EDTBBYBest Buy upgraded to Strong Buy from Market Perform at Raymond James
Raymond James upgraded Best Buy to Strong Buy from Market Perform and established a $40 price target. The firm said Best Buy's company specific improvements are beginning to offset industry challenges, creating an opportunity to deliver FY16 upside. Raymond James said Best Buy's revenue outlook is beginning to improve and inventory product is starting to recover, which will result in improved earnings.
05:56 EDTBBYStocks with implied volatility below IV index mean; BBY TEVA
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August 25, 2015
16:43 EDTBBYOn The Fly: Top stock stories for Tuesday
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12:20 EDTBBYOn The Fly: Top stock stories at midday
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09:13 EDTBBYOn The Fly: Pre-market Movers
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08:51 EDTBBYBest Buy says 'substantial' amount of leases expiring this year
Best Buy CFO Sharon McCollam said, there are no stores that have negative cash flow but there may be additional store closures.
08:43 EDTBBYBest Buy to sell Apple Care in stores this quarter
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07:08 EDTBBYBest Buy sees Q3 flat to low-single digit domestic revenue growth
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07:06 EDTBBYBest Buy reports Q2 domestic SSS ex-items up 2.7%
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07:02 EDTBBYBest Buy sees no material changes in consumer spending in Q3
Sharon McCollam, Best Buy EVP, CAO and CFO, commented, "It is difficult to know, though, if the recent volatility in the financial markets will affect overall consumer spending. To date, however, we have not seen a measurable impact versus our original expectations. As such, our outlook assumes there will be no material changes in consumer spending in the third quarter. With that said, our year-over-year non-GAAP outlook for Q3 FY16 is as follows. In the Domestic business we are expecting (1) flat to low-single digit revenue growth; and (2) an approximately flat operating income rate change driven by a higher gross profit rate offset by increased SG&A due to inflation and growth-related investments. In the International business, due to the ongoing impacts of the Canadian brand consolidation and foreign currency, we are expecting (1) an International revenue decline of approximately 30% and (2) an International non-GAAP operating income rate in the range of negative 2.5% to negative 3.5%."
07:01 EDTBBYBest Buy reports Q2 adjusted continuing ops EPS 49c, consensus 34c
Reports Q2 revenue $8.53B, consensus $8.29B.
August 24, 2015
15:09 EDTBBYNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Best Buy (BBY), consensus 34c... Toll Brothers (TOL), consensus 49c... Valspar (VAL), consensus $1.26... DSW (DSW), consensus 42c... Children's Place (PLCE), consensus (33c).
12:29 EDTBBYBest Buy technical comments ahead of results
The shares have been trading in a bearish price channel since a peak of price in March of this year. If the news continues to be bearish, the current trend will likely continue. Next support below the current price of $30.53 is at the $29.50 area, the low of the current price channel. If the news is a sharp negative surprise, next supports will be at $28.11, $27.17, and $26.60. If the news is a bullish surprise, the top of the price channel at $32.78 would be the first important upside objective. It would take a breakout above the channel top to turn the trend back toward bullish. Next resistance above the channel would be at $33.75.
11:31 EDTBBYBest Buy volatility increases into Q2 and outlook
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09:49 EDTFOSLFitbit being sold at Macy's seen as near-term catalyst
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August 21, 2015
06:31 EDTBBYBest Buy volatility into Q2 and outlook
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