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Stock Market & Financial Investment News

News Breaks
August 21, 2014
18:22 EDTGME, INTU, ARO, OGXI, MRVL, GPS, TFM, ROST, CRM, HDOn The Fly: After Hours Movers
UP AFTER EARNINGS: GameStop (GME), up 6.3%... salesforce.com (CRM), up 1.4%... Ross Stores (ROST), up 6.3%... The Fresh Market (TFM), up 8.1%... Gap (GPS), up 1.2% after reporting second quarter results above analyst estimates and announcing plans to open the first franchise-operated Gap stores in India in 2015... Marvell Technology (MRVL), up 1.1%. ALSO HIGHER: OncoGenex (OGXI), up 6.4% after Phase 3 ENSPIRIT Trial passes early interim futility analysis. DOWN AFTER EARNINGS: Aeropostale (ARO), down 6.7%... Intuit (INTU), down 1.2%. ALSO LOWER: Home Depot (HD), down fractionally after announcing that Craig Menear will replace Frank Blake as CEO.
News For GME;CRM;ROST;TFM;GPS;MRVL;OGXI;ARO;INTU;HD From The Last 14 Days
Check below for free stories on GME;CRM;ROST;TFM;GPS;MRVL;OGXI;ARO;INTU;HD the last two weeks.
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September 8, 2014
16:46 EDTHDHome Depot confirms payment data systems breach
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16:44 EDTHDHome Depot confirms payment data systems breach
12:29 EDTHDHome Depot victim of same malware that hit Target, Krebs reports
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10:06 EDTGPSOn The Fly: Analyst Downgrade Summary
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09:18 EDTGPSGap downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merrill downgraded Gap to Underperform based on expectations it will miss full year guidance and consensus expectations. The firm said lower than expected August comps due not bode well for turnaround and lowered its full year EPS estimate to $2.85 from $2.96, vs. guidance of $2.95-$3.00.
08:10 EDTCRMSalesforce.com allocates $100M to venture capital fund for app builders
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September 5, 2014
17:55 EDTGPSGap valuation 'enticing' despite sales drop, Barrons contends
Following Gap's unexpected August SSS drop, shares fell by more than 5% which creates a buying opportunity for the stock, according to Barron's 'Barron's Take' column. Barron's believes share buybacks and effective cost control can help Gap meet its earnings forecasts. Reference Link
16:45 EDTGPS, HDMarket ends week little changed after mixed economic data
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16:25 EDTGPSOn The Fly: Closing Wrap
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12:57 EDTGPSOn The Fly: Midday Wrap
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12:19 EDTGPSGap falls after reporting August same-store sales decline
Shares of apparel retailer Gap (GPS) are falling after the company reported disappointing August same-store sales results and Buckingham analysts downgraded the company's stock. WHAT'S NEW: Gap reported last night that its August comparable sales declined 2%, compared to a 2% increase a year ago in the same month. Gap Global SSS fell 9%, Banana Republic Global SSS fell 2% and Old Navy Global SSS rose 2%. Gap also reported its August net sales were flat compared to last year's $1.23B. WHAT'S NOTABLE: Looking ahead, the company said Gap's August sales performance will likely put pressure on the brand's gross margins in September. ANALYST REACTION: Gap was downgraded to Neutral from Buy at Buckingham this morning following the August comparable sales numbers. Buckingham analysts say they question the previously anticipated 2H14 comp recovery at the core brand and do not see upside to the stock if the flagship brand does not turn positive in the second half. Buckingham expects the stock's multiple to contract back to its historical average until sales improve. The firm still expects full-year 2014 guidance to be achievable as Gap manages expenses and it continues to like operational improvements the company is making in its supply chain and omni-channel initiatives. Until sales improve, Buckingham expects shares to remain range bound near $44 to $46. UBS analysts, on the other hand, say Gap's share weakness presents a buying opportunity. The firm said the miss does not derail the company's ability to show improvement over the second half and does not impact their long-term thesis tied to margin improvement opportunities. PRICE ACTION: Near noon, Gap fell $2.20, or about 5%, to $44.39. OTHERS TO WATCH: Competitors to Gap include American Apparel (APP), American Eagle (AEO), Urban Outfitters (URBN), Express (EXPR), and Abercrombie and Fitch (ANF).
11:43 EDTAROZumiez sinks as company provides 'disappointing' Q3 outlook
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10:05 EDTGPSOn The Fly: Analyst Downgrade Summary
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09:17 EDTGPSGap downgraded at Buckingham
As noted earlier, Buckingham downgraded Gap to Neutral from Buy. The firm says that weaker than expected August comparative sales at the company's Gap brand is causing it to question its previous forecast for comps to recover in the seocnd half of the year. The firm expects the shares to remain range bound until the sales of the Gap brand improve. Target $46.
09:16 EDTGPSOn The Fly: Pre-market Movers
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08:00 EDTGPSGap volatility is expected to move following disappointing August comps
Gap volatility is expected to move following disappointing August comps. Overall option implied volatility of 23 is below its 26-week average of 26 according to Track Data, suggesting decreasing price movement.
07:50 EDTGPSGap downgraded to Neutral from Buy at Buckingham
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07:42 EDTGPSGap weakness a buying opportunity, says UBS
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07:17 EDTCRMSalesforce.com management to meet with UBS
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06:27 EDTHDHealthCare.gov insurance site breached by hacker in July, WSJ reports
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