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Stock Market & Financial Investment News

News Breaks
March 4, 2013
06:35 EDTGPSGap initiated with an Underperform at Sterne Agee
Target $29.
News For GPS From The Last 14 Days
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April 17, 2014
07:31 EDTGPSLululemon faces increased competition in yogawear industry, Reuters says
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07:27 EDTGPSGap outlook has improved, says Wells Fargo
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06:34 EDTGPSGap shares recommended on pullback at Mizuho
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April 16, 2014
13:12 EDTGPSGap to expand in store reserve service
Gap announced that later this year, the company will be testing its new order in store capability, which allows customers access to expanded product offerings online. Further, the company is announcing the expansion of its reserve in store service to all Gap stores in the United States by the end of Q2, enabling online and mobile shoppers to reserve items at more than 1,000 Gap and Banana Republic store locations.
13:06 EDTGPSGap sees China sales $1B within three years
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April 15, 2014
09:25 EDTGPSGap to host investor meeting with a conference call hook-up
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April 11, 2014
13:36 EDTGPSGap falls after experiencing sharp decline in March SSS
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12:42 EDTGPSOn The Fly: Analyst Downgrade Summary
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09:39 EDTGPSGap declines after March same store sales
The stock is down over 4.4% to $37.54 following last night's report of a 6% drop in March same store sales. At current price, next support is at $37.25 and then at $36.79. Resistance is at $38.67.
09:13 EDTGPSOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Fastenal (FAST), up 3%... Wells Fargo (WFC), up 0.2%. ALSO HIGHER: H&R Block (HRB), up 5% after announcing a deal for BofI (BOFI) to acquire H&R Block's bank assets. Bofi up 9.4% after the deal announcement... Zynga (ZNGA), up 1.7% after naming new CFO, shares upgraded to Equal Weight at Morgan Stanley... SINA (SINA), up 2% after announcing up to $500M share repurchase program. DOWN AFTER EARNINGS: JPMorgan (JPM), down 3.7%... NQ Mobile (NQ), down 14.6%. ALSO LOWER: Gap (GPS), down 4% after reporting March SSS fell 6%, shares downgraded at Janney Capital... Voxeljet (VJET), down 16% after 3M share secondary offering priced at $15.00... Datawatch (DWCH), down 29% after cutting its second quarter revenue outlook.
06:38 EDTGPSGap downgraded to Neutral from Buy at Janney Capital
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06:29 EDTGPSGap downgraded to Neutral from Buy at Janney Capital
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April 10, 2014
19:00 EDTGPSOn The Fly: After Hours Movers
NOTABLE: According to a Bloomberg report that cited sources, Kathleen Sebelius, U.S. Secretary of Health and Human Services, is set to resign tomorrow. A New York Times report added that President Obama is expected to nominate Sylvia Mathews Burwell, Director of the Office of Management and Budget, as Sebelius' replacement. HIGHER: Shares of BofI Holding (BOFI) and H&R Block (HRB) both advanced after announcing a deal for BofI to acquire H&R Block's bank assets. BofI, which saw shares gain 9% after hours, said it expects ongoing annual revenue from the deal of $26M-$28M beginning with its fiscal 2015. H&R Block, which gained 7%, said it expects the deal to be 7c-9c dilutive to earnings per share beginning in its fiscal 2015, and the company said it sees the deal resulting in $200M-$250M of immediate excess capital. LOWER: Gap (GPS), down 2.6% after reporting March same-store sales that fell 6% and saying that it expects first quarter gross margins to decline more when compared to the prior year period than they did in the preceding quarter... NQ Mobile (NQ), down 8.8% after reporting earnings that missed expectations on revenue that topped estimates and saying that it identified an accounting overstatement related to share-based compensation for the three and nine months ended September 30... Datawatch (DWCH), down 25% after cutting its second quarter revenue outlook... TTM Technologies (TTMI), down 3.9% after cutting its first quarter earnings outlook and saying it expects first quarter revenue to come in at the low end of its previous guidance range.
16:02 EDTGPSGap reaffirms FY14 EPS view $2.90-$2.95, consensus $2.96
As the company noted last month, the Easter holiday is in April this year versus March last year. Given this shift in peak spring selling weeks, the company expected March to be negatively impacted. The company expects gross margins for Q1 to be below the prior year by more than the year-over-year decline in Q4. In addition, given ongoing expense management, the company expects Q1 operating expenses to be flat to last year.
16:01 EDTGPSGap reports March SSS down 6%
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