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Stock Market & Financial Investment News

News Breaks
May 9, 2014
10:50 EDTARO, EXPR, ANF, APP, GPSGap advances after April sales beat expectations
Shares of specialty apparel company The Gap (GPS) are rising after the company’s April same-store sales and its first quarter revenue beat expectations. WHAT'S NEW: Last night, Gap reported first quarter revenue of $3.77B, topping the consensus view of $3.69B. The company’s comparable sales for Q1 decreased 1%. Gap reported April same-store sales increased 9%, with Gap brand comparable sales up 3%; Banana Republic SSS up 7% and Old Navy up 18%. WHAT’S NOTABLE: Gap forecast Q1 earnings per share of 56c-57c, ahead of expectations of 53c. The company expects that for Q1 its gross margins will decline less than the year-over-year decline in Q4. In addition, the company expects Q1 operating expenses to be slightly above last year. PRICE ACTION: In morning trading, Gap is up $1.58, or about 4%, to $40.82 on heavy trading volume. Including today’s advance, the stock has gained about 5% over the past twelve months. OTHERS TO WATCH: Others in the apparel space include Abercrombie & Fitch (ANF), Aeropostable (ARO), American Apparel (APP), and Express (EXPR).
News For GPS;ANF;ARO;APP;EXPR From The Last 14 Days
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August 26, 2015
09:25 EDTEXPR, ANFOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Abercrombie & Fitch (ANF), down 15.1%... Express (EXPR), up 9.8%... Frontline (FRO), up 10.4%... Chico's FAS (CHS), up 9.3%. ALSO HIGHER: Oshkosh (OSK), up 11.9% after being awarded a $6.7B contract by the U.S. Army... EMC Corporation (EMC), up 5.8% after Re/code reported that the board is considering a VMware (VMW) downstream merger proposal... Google (GOOG), up 4.6% after being upgraded to Conviction Buy from Neutral at Goldman... Ford (F), up 2.4% after Bloomberg reported that the company is considering returning production of Bronco and Ranger to the U.S. NOTABLE: Cameron International (CAM), up 45.4% after announcing that it will be acquired by Schlumberger (SLB). Schlumberger is down 1.9%. LOWER: WisdomTree (WETF), down 3.6% after being downgraded to Sell from Buy at Citi... Transocean (RIG), down 3.4% after proposing to cancel Q3 and Q4 dividends.
09:11 EDTANFAbercrombie & Fitch says still making adjustments to prices at Abercrombie brand
08:53 EDTANFAbercrombie & Fitch says new CEO to be appointed 'in due time'
Says recognizes company "still has much to achieve." Says "not naive about the challenges that we face." Says has "intense focus" on productivity improvements. Says "on the right track" to restoring business to health. Sees redesigning eight more Hollister stores this year. Says mobile accounts for 50% of online traffic. Says believes logo will no longer be a headwind going forward. Says new CEO will be appointed "in due time." Says board "deeply engaged" in CEO search. Comments made on the Q2 earnings conference call.
08:11 EDTANFAbercrombie & Fitch sees SSS trends improving in 2H, skewed towards Q4
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07:32 EDTANFAbercrombie & Fitch reports Q2 adj. EPS 12c, may not compare to consensus (4c)
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07:04 EDTEXPRExpress sees FY15 adjusted EPS $1.30-$1.37, consensus $1.21
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07:03 EDTEXPRExpress sees Q3 EPS 26c-29c, consensus 25c
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07:02 EDTEXPRExpress reports Q2 EPS 25c, consensus 16c
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August 25, 2015
15:00 EDTEXPR, ANFNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Chico's (CHS), consensus 22c... Express (EXPR), consensus 16c... Abercrombie & Fitch (ANF), consensus (4c).
12:49 EDTANFEarnings Watch: Analysts divided on Abercrombie ahead of Q2 earnings report
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12:39 EDTANFAbercrombie & Fitch technical comments ahead of earnings
The shares are in a downtrend that has persisted since the fall of last year. If the news was a bullish surprise, the first price level of significance would be the channel top at $18.97, which is also the 21-day moving average. Next resistance above the top of the channel would be at $20.31 and then at $21.54. It would take a move above $22 to turn the longer-term trend back toward bullish. If the news continues to be bearish, next support would be at the channel low at the $16.50 area. If price broke the channel low, next support would be at $15.42, the 52-week low. Support below the 52-week low would be at $14.97, which would set a new multi-year low for shares.
07:07 EDTAROAeropostale August weekly volatility elevated into Q2 and outlook
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August 24, 2015
15:17 EDTEXPRExpress volatility elevated into Q2 and outlook
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10:32 EDTANFBattleground: Firms diverge on Abercombie ahead of earnings
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09:45 EDTANFOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Bank of America (BAC) upgraded to Outperform from Market Perform at Keefe Bruyette... Bristol-Myers (BMY) upgraded to Neutral from Underweight at Piper Jaffray... Chevron (CVX) upgraded to Neutral from Underperform at BofA/Merrill... Abercrombie & Fitch (ANF) upgraded to Overweight from Neutral... Nike (NKE) upgraded to Outperform from Market Perform at Telsey Advisory... DreamWorks (DWA) upgraded to Buy from Neutral at B. Riley... Caesarstone (CSTE) upgraded to Overweight from Equal Weight at Barclays... TransAlta (TAC) upgraded to Outperform from Market Perform at BMO Capital... Sarepta (SRPT) upgraded to Overweight from Neutral at Piper Jaffray... AutoZone (AZO) upgraded to Buy from Neutral at BofA/Merrill... Royal Dutch Shell (RDS.A) upgraded to Buy from Hold at Jefferies... Allscripts (MDRX) upgraded to Buy from Hold at Argus... China Unicom (CHU) upgraded to Buy from Hold at Jefferies... Ross Stores (ROST) upgraded to Buy from Neutral at Buckingham.
07:29 EDTANFAbercrombie & Fitch valuation sets up long-term opportunity, says Susquehanna
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06:45 EDTANFAbercrombie & Fitch upgraded to Overweight at Piper Jaffray ahead of earnings
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05:56 EDTANFStocks with implied volatility above IV index mean; ANF WMB
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August 21, 2015
08:06 EDTANFAbercrombie & Fitch August weekly volatility elevated into Q2 and outlook
Abercrombie & Fitch August weekly call option implied volatility is at 108, September is at 70, November is at 52; compared to its 52-week range of 28 to 71, suggesting large near term price movement into the expected release of Q2 results on August 26.
05:49 EDTANFStocks with implied volatility above IV index mean; ANF ATML
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