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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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August 4, 2015
11:59 EDTLLLumber Liquidators volatility elevated into Q2 and outlook
Lumber Liquidators August weekly call option implied volatility is at 146, August is at 96, September is at 79; compared to its 52-week range of 37 to 141, suggesting large near term price movement into the expected release of Q2 results on August 5.
August 3, 2015
16:34 EDTHDJ.C. Penney announces new VPs of omnichannel, supply chain
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06:38 EDTLOWLowe's to open first Manhattan store in coming weeks, NY Post reports
Lowe's is set to open its first store in Manhattan, New York City on the Upper West Side in the coming weeks, the New York Post reports. The chain will also open a second Manhattan outlet in September in the neighborhood of Chelsea, the report says. Reference Link
July 31, 2015
14:08 EDTLLLumber Liquidators volatility elevated into Q2 and outlook
Lumber Liquidators August weekly call option implied volatility is at 124, August is at 79, September is at 69; compared to its 52-week range of 37 to 141, suggesting large near term price movement into the expected release of Q2 results on August 5.
July 28, 2015
14:55 EDTHDEarnings Watch: MasterCard reports after peers warn of currency headwinds
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July 23, 2015
19:24 EDTLOWWal-Mart's Apple Pay competitor launching soon, Bloomberg says
CurrentC, the mobile payment application funded by Wal-Mart (WMT), Target (TGT), Best Buy (BBY) and others, will see an early trial run next month, Bloomberg reported earlier, citing three people familiar with the situation. A spokesperson for Lowe's (LOW) said the consortium behind the app expects an official launch in Q3, and Bloomberg noted that CurrentC will compete with more "established" offerings such as Apple's (AAPL) Apple Pay and Google's (GOOG) Android Pay. Reference Link
08:18 EDTTSCOTractor Supply positive thesis remains intact, says Baird
Baird said its positive thesis for Tractor Supply remains intact following Q2 results that the firm views as solid. Baird reiterated its Outperform rating and $107 price target on Tractor Supply shares, citing its top-line strength, ramp up in Western stores, improved gross margins and increased guidance.
July 22, 2015
19:02 EDTTSCOOn The Fly: After Hours Movers
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16:34 EDTTSCOTractor Supply slips lower after earnings
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16:07 EDTTSCOTractor Supply raises FY15 EPS outlook to $3.00-$3.08 from $2.95-$3.05
Raises FY15 revenue outlook to $6.25B-$6.33B. Comparable store sales are now expected to increase 3.5%-4.5% compared to prior expectation of an increase of 2.5%-4.0%. Cites "strong performance in the first half."
16:06 EDTTSCOTractor Supply reports Q2 EPS $1.12, consensus $1.11
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15:26 EDTTSCONotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Qualcomm (QCOM), consensus 95... American Express (AXP), consensus $1.32... Texas Instruments (TXN), consensus 65c... Las Vegas Sands (LVS), consensus 61c... Crown Castle (CCI), consensus $1.06... Discover Financial (DFS), consensus $1.32... Tractor Supply (TSCO), consensus $1.11... SanDisk (SNDK), consensus 33c... SL Green Realty (SLG), consensus $1.56... Xilinx (XLNX), consensus 54c... Weatherford (WFT), consensus (12c)... F5 Networks (FFIV), consensus $1.60... United Rentals (URI), consensus $1.74... Fortinet (FTNT), consensus 9c... LaSalle Hotel (LHO), consensus 89c... Oceaneering International (OII), consensus 68c... Cheesecake Factory (CAKE), consensus 62c.
14:37 EDTLOW, HDHome improvement stocks rally after Owens Corning results, home sales data
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08:21 EDTHDHome Depot agrees to acquire Interline Brands for $1.63B
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