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Stock Market & Financial Investment News

News Breaks
August 18, 2014
11:25 EDTLOW, LL, HD, TSCOEarnings Preview: Home Depot shares up nearly 9% since last earnings report
Home Depot (HD), a home improvement retailer, is scheduled to report second quarter results before the market opens on Tuesday, August 19, with a conference call scheduled for 9:00 am ET. EXPECTATIONS: Analysts are looking for earnings per share of $1.45 on revenue of $23.62B, according to First Call. The consensus range for EPS is $1.41-$1.49 on revenue of $22.9B-$24.08B. LAST QUARTER: Home Depot reported first quarter EPS of $1.00 against estimates for 99c on revenue of $19.69B against estimates of $19.95B. The company said same-store sales increased 2.6%, with U.S. SSS up 3.3%. The company raised its fiscal year 2014 EPS view to $4.42 from $4.38 against estimates at that time for $4.42. The retailer also backed its FY14 sales growth view of up 4.8% from fiscal year 2013. On its Q4 earnings conference call, Home Depot forecast gross margins for FY14 would be "about the same" as last year. For the remainder of the year, the company said its view on the housing market recovery had not changed. NEWS: At Oppenheimer's 14th Annual Consumer Conference in June, Home Depot reaffirmed its 4.8% sales growth view for the year and said SSS growth would be 4.6%. The company also said it expected $7B in share repurchases for FY14. The retailer also said it intends to increase its dividend every year. The Wall Street Journal said Home Depot is among the retailers betting that consumer basics, like toilet paper or detergent, will increase sales and lure shoppers into stores. STREET RESEARCH: Citigroup expects Home Depot shares will continue outperforming Lowe's (LOW) in the near-term given its store base concentration and better merchandising effort on the Pro side. Deutsche Bank lowered its estimates for both Home Depot after Tractor Supply (TSCO) and Lumber Liquidators (LL) pre-announced Q2 comp misses. The firm, which noted that the negative earnings revision is "relatively minor," said that while the business models are different, Tractor Supply and Lumber Liquidators have historically correlated positively with Home Depot and Lowe's on comps. PRICE ACTION: Over the last three months, Home Depot shares are up almost 9%. Year-to-date, shares are up over 2%.
News For HD;LOW;TSCO;LL From The Last 14 Days
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February 24, 2015
09:10 EDTHDHome Depot expects moderate GDP growth, housing recovery to drive 2015 growth
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08:57 EDTTSCOTractor Supply price target raised to $96 from $88 at RW Baird
Baird raised its price target to $96 from $88 following the company raising its long-term U.S. store growth and operating margin targets ahead of today's analyst day. Baird reiterated its Outperform rating on Tractor Supply shares.
08:56 EDTHDOn The Fly: Pre-market Movers
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07:06 EDTTSCOTractor Supply raises long-term domestic store growth, operating margin targets
Tractor Supply increased its domestic store growth target to 2,500 stores from 2,100 stores and its long-term operating margin target to 11.5% from 10.5%. CEO Greg Sandfort stated, "As our business continues to evolve, so do our long-term operating targets. We are pleased to be raising our long-term store growth and operating margin targets. We remain committed to driving long-term sustainable earnings growth and shareholder return by having a balanced approach to driving sales, growing gross margin, managing working capital and improving efficiencies. We believe our key sales and gross margin initiatives, along with ongoing system enhancements such as demand planning, inventory allocation, and price optimization should continue to benefit sales and margins over the foreseeable future."
06:05 EDTHDHome Depot sees FY15 EPS $5.11-$5.17, consensus $5.23
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06:04 EDTHDHome Depot targets dividend payout ratio of approximately 50%
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06:03 EDTHDHome Depot board authorizes $18B share repurchase program
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06:03 EDTHDHome Depot board increases quarterly dividend by 26% to 59c
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06:02 EDTHDHome Depot reports Q4 adjusted EPS $1.00, consensus 89c
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February 23, 2015
15:23 EDTHDNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Comcast (CMCSA), consensus 78c... Home Depot (HD), consensus 89c... American Tower (AMT), consensus 51c... Ecolab (ECL), consensus $1.20... Macy's (M), consensus $2.40... Pall Corp. (PLL), consensus 87c... Windstream (WIN), consensus 3c.
14:05 EDTHDEarnings Preview: Home Depot shares up over 14% since last earnings report
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13:47 EDTHDHome Depot technical comments before earnings
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07:51 EDTLOWLowe's March volatility elevated into Q4 and outlook
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February 20, 2015
08:27 EDTTSCOTractor Supply well positioned for growth, says BofA/Merrill
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06:10 EDTHDHome Depot volatility increases into Q4 and outlook
Home Depot March weekly call option implied volatility is at 33, March is at 24, April is at 19, August is at 18; compared to its 26-week average of 21 according to Track Data, suggesting non-directional price movement into the expected release of Q4 results on February 24.
February 19, 2015
09:59 EDTTSCOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Altisource Residential (RESI) upgraded to Neutral from Sell at Compass Point... Angie's List (ANGI) upgraded to Overweight from Equal-Weight at First Analysis... Barrick Gold (ABX) upgraded to Buy from Hold at TD Securities... British Land (BTLCY) upgraded to Buy from Hold at Societe Generale... Coach (COH) upgraded to Buy from Hold at Topeka... Fiat Chrysler (FCAU) upgraded to Outperform from Neutral at Exane BNP Paribas... Garmin (GRMN) upgraded at BofA/Merrill... Hologic (HOLX) upgraded to Buy from Hold at Canaccord... Iberdrola (IBDRY) upgraded to Neutral from Underweight at HSBC... KPN (KKPNY) upgraded to Neutral from Underperform at Exane BNP Paribas... Monster Worldwide (MWW) upgraded at Evercore ISI... Pharmacyclics (PCYC) upgraded to Buy from Neutral at Nomura... RPC, Inc. (RES) upgraded to Equal Weight from Underweight at Morgan Stanley... Sanofi (SNY) upgraded to Buy from Neutral at BofA/Merrill... Sasol (SSL) upgraded to Neutral from Underweight at HSBC... Tractor Supply (TSCO) upgraded at Oppenheimer... Valero (VLO) upgraded to Buy from Hold at Deutsche Bank... Weingarten Realty (WRI) upgraded to Neutral from Sell at UBS... Werner (WERN) upgraded on improving freight fundamentals at RBC Capital... diaDexus (DDXS) upgraded to Buy from Neutral at Ladenburg,
07:37 EDTTSCOTractor Supply upgraded at Oppenheimer
As noted earlier, Oppenheimer upgraded Tractor Supply to Outperform from Perform. As reasons for the upgrade, the firm cited its increased optimism about the hardlines retail sector, its belief that the company is poised to capitalize on positive macro trends, and its contention that the company has multiple EPS growth drivers. Target $95.
06:45 EDTLLLumber Liquidators volatility elevated into Q4 and outlook
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06:44 EDTTSCOTractor Supply upgraded to Outperform from Perform at Oppenheimer
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February 18, 2015
08:42 EDTTSCOTractor Supply to host investment community meeting
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