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Stock Market & Financial Investment News

News Breaks
March 1, 2014
15:30 EDTGPSGap plans to expand store count in China, WSJ says
U.S clothing retailer Gap plans to open 25 Gap stores and up to 10 Gap outlet stores in China in 2014, says the Wall Street Journal. In an interview, Jeff Kirwan, president of Gap's China division, said, "The opportunity in China is undeniable," added the Wall Street Journal. The Gap currently has 80 stores in the country. Reference Link
News For GPS From The Last 14 Days
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August 21, 2014
18:22 EDTGPSOn The Fly: After Hours Movers
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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 EDTGPSNotable companies reporting after market close
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August 11, 2014
10:19 EDTGPSOn The Fly: Analyst Initiation Summary
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07:07 EDTGPSGap initiated with a Neutral at Credit Suisse
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August 8, 2014
18:07 EDTGPSGap shares poised to rise, Barron's reports
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09:15 EDTGPSOn The Fly: Pre-market Movers
HIGHER: NVIDIA (NVDA), up 4.2%, upgraded at Needham following its better than expected Q2 results... Arista Networks (ANET), up 8%, upgraded at Citigroup following better than expected Q2 results, announcing an expanded strategic relationship with VMware (VMW)... Tekmira Pharmaceuticals (TKMR), up 17.5% after announcing that the FDA verbally confirmed they have modified the full clinical hold placed on its TKM-Ebola treatment to a partial clinical hold... Gap (GPS), up 4.7% after July same-store sales rose 2%, company issues Q2 EPS outlook above the consensus estimate... lululemon (LULU), up 2.4% after founder agrees to sell half his stake to Advent for $845M. UP AFTER EARNINGS: SolarCity (SCTY), up 1%... Assured Guaranty (AGO), up 9%... MercadoLibre (MELI), up 13.6%. LOWER: Zynga (ZNGA), down 6% after lowering fiscal 2014 guidance... McDonald's (MCD), down 0.4% after Chinese supplier issue contributes to July comparable sales drop of 2.5%.
August 7, 2014
16:10 EDTGPSGap pops higher after results, first look
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16:07 EDTGPSGap sees Q2 EPS ex-benefit 68c-69c, consensus 66c
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16:02 EDTGPSGap reports July SSS up 2%
Gap reports comparable sales for July were up 2% versus a 1% increase last year. Comparable sales by global brand for July were as follows: Gap Global negative 2% versus positive 7% last year; Banana Republic Global positive 6% versus negative 1% last year; Old Navy Global positive 3% versus negative 5% last year.

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