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Stock Market & Financial Investment News

News Breaks
May 9, 2014
10:50 EDTGPS, ANF, ARO, APP, EXPRGap 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
Check below for free stories on GPS;ANF;ARO;APP;EXPR the last two weeks.
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August 22, 2014
06:20 EDTAROOptions expected to be active
Options expected to be active: GME ARO CRM INTU TFM MRVL ROST BRCD
August 21, 2014
18:22 EDTARO, GPSOn The Fly: After Hours Movers
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16:09 EDTAROAeropostale sees Q3 EPS (44c)-(48c), consensus (33c)
The effective tax rate for Q3 is projected to be approximately 4.0%. This outlook does not include the impact of any store impairments or accelerated store closure costs which may be identified, consulting fees, and severance costs related to the company's previous CEO.
16:08 EDTAROAeropostale reports Q2 EPS ex-charges (46c), consensus (49c)
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16:06 EDTGPSGap announces plans to open first franchise-operated Gap stores in India in 2015
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16:05 EDTGPSGap raises FY14 EPS view to $2.95-$3.00, consensus $2.95
The company updated its guidance forFY14 diluted EPS to be in the range of $2.95-$3.00, to reflect the 5c related to the gain on asset sale. For FY14, the company continues to expect capital spending to be approximately $750M in support of its outlined strategies.
16:01 EDTGPSGap reports Q2 EPS 75c, consensus 69c
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15:15 EDTARO, GPSNotable companies reporting after market close
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August 19, 2014
11:53 EDTANF, AROAeropostale soars as Geiger returns as CEO
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10:49 EDTAROAeropostale breaks out as Geiger returns as CEO
The $3.50 level has been the top of the trading range, a base, since June of this year. With price currently at $3.80, the shares have bullishly broken out of the range. Longer base breakouts typically persist for some time following the break. At current price next resistance is at $3.98. Support is at $3.50. For the breakout to remain valid, share price needs to close today well above that $3.50 mark.
09:15 EDTAPPAmerican Apparel price target raised to $1.25 from $1 at Roth Capital
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09:07 EDTAROOn The Fly: Pre-market Movers
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06:56 EDTAROAeropostale CEO change may not help much, says Wells Fargo
After Aeropostale announced that its longtime former CEO, Julian Geiger, would return to the role, Wells Fargo thinks that Geiger may not be able to solve the company's positioning problems. According to the firm, the company was known for providing basics, but consumers are not willing to pay for basics anymore. The firm keeps a Market Perform rating on the shares.
August 18, 2014
18:21 EDTAROOn The Fly: After Hours Movers
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17:19 EDTAPPAmerican Apparel sees FY14 adjusted EBITDA $40M-$45M
17:18 EDTAPPAmerican Apparel reports Q2 EPS (9c), consensus (6c)
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17:04 EDTAROAeropostale up 7% after CEO change, Q2 guidance
16:36 EDTAROAeropostale sees Q2 adjusted EPS (45c)-(42c), consensus (58c)
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16:32 EDTAROAeropostale announces Julian Geiger to rejoin company as CEO
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06:09 EDTAROAeropostale volatility elevated into Q2 and new leadership outlook
Aeropostale September call option implied volatility is at 93, October is at 75, January is at 85; compared to its 26-week average of 58 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on August 21.
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