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Stock Market & Financial Investment News

News Breaks
August 18, 2014
11:25 EDTHD, LOW, TSCO, LLEarnings 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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October 23, 2014
09:13 EDTLLLumber Liquidators outlook still positive, says Wedbush
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09:04 EDTTSCOOn The Fly: Pre-market Movers
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08:47 EDTTSCOTractor Supply price target raised to $80 from $70 at RW Baird
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07:59 EDTTSCOTractor Supply price target raised to $75 from $70 at UBS
UBS raised its price target on Tractor Supply following its Q3 results, citing solid comps and margins and increased guidance. UBS reiterates its Buy rating on Tractor Supply shares.
06:11 EDTTSCOTractor Supply upgraded to Strong Buy from Market Perform at Raymond James
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October 22, 2014
18:34 EDTTSCOOn The Fly: After Hours Movers
UP AFTER EARNINGS: Select Comfort (SCSS), up 13.1% after reporting third quarter results and increasing share repurchase authorization to $250M... Infinera (INFN), up 9.8%... Tractor Supply (TSCO), up 11.8%... Acacia Research (ACTG), up 7.7%... Marketo (MKTO), up 4.5%... O'Reilly Automotive (ORLY), up 3.9%... Fortinet (FTNT), up 1.5%... Mellanox (MLNX), up 2.9%... ServiceNow (NOW), up just under 1%. ALSO HIGHER: CarMax (KMX), up 1% after announcing a $2B increase to its share repurchase program. DOWN AFTER EARNINGS: Air Methods (AIRM), down 19.8% following preliminary third quarter results... Yelp (YELP), down 13.6%... Core Laboratories (CLB), down 7.9%... Varian Medical (VAR), down 4.9% after reporting fourth quarter results... Open Text (OTEX), down 3.9%... Citrix (CTXS), down 5.7%... Cheesecake Factory (CAKE), down 4.5%... Allied World (AWH), down 4.7%... Lam Research (LRCX), down 3.3%... Skechers (SKX), down just under 1% after reporting third quarter results above analyst estimates... AT&T (T), down 1.5%. ALSO LOWER: DIRECTV (DTV), down just under 1% following AT&T third quarter results... Alcobra (ADHD), down 16% following results of MDX study... WidePoint (WYY), down 8.1% after filing an automatic common stock shelf... New Mountain Finance (NMFC), down 4.4% after filing to sell 5M shares of common stock.
16:58 EDTTSCOTractor Supply up 11% following better than expected Q3 results
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16:05 EDTTSCOTractor Supply raises FY14 EPS guidance to $2.54-$2.62, consensus $2.55
The company is raising its FY14 sales outlook to the high end of the previously provided ranges of $5.62B-$5.70B in net sales, 2.5%-4.0% in SSS. Capital expenditures in FY14 are now expected to range between $190M-$200M, compared to the previous range of $220M-$230M. The targeted range of new store openings in FY14 is unchanged from the company's previous outlook.
16:03 EDTTSCOTractor Supply reports Q3 EPS 55c, consensus 50c
Reports Q3 revenue $1.36B, consensus $1.32B.
15:30 EDTTSCONotable companies reporting after market close
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09:21 EDTLLLumber Liquidators drops after earnings and guidance, levels to watch
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09:21 EDTLLOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Dow Chemical (DOW), up 3.7%... iRobot (IRBT), up 12%... Six Flags (SIX), up 13%... GlaxoSmithKline (GSK), up 2%... Broadcom (BRCM), up 7%... Boston Scientific (BSX), up 4.3%... Abbott (ABT), up 1.8%... Yahoo! (YHOO), up 6%. ALSO HIGHER: Blue Earth (BBLU), up 26.4% after CEO says statements in Seeking Alpha blog are "false and misleading."... GW Pharmaceuticals (GWPH), up 5.4% after Epidiolex receives orphan designation from EMA. DOWN AFTER EARNINGS: 3D Systems (DDD), down 15%... Biogen (BIIB), down 7%... Lumber Liquidators (LL), down 13.4%... Norfolk Southern (NSC), down 3%... Angie's List (ANGI), down 8.8%. ALSO LOWER: Nanosphere (NSPH), down 33% after filing secondary, reporting preliminary Q3 revenue... Himax Technologies (HIMX), down 16% after announcing that Google (GOOG) will not exercise an additional investment option in the company... Cree (CREE), down 10.5%, downgraded at DA Davidson and Canaccord following the company's Q1 earnings results... Ocwen Financial (OCN), down 7% after downgraded to Hold at Evercore, downgraded to Neutral at BofA Merrill Lynch... VMware (VMW), down 7.8%, downgraded at Nomura and Raymond James following the company's Q3 results.
07:14 EDTLLLumber Liquidators reports Q3 comparable store sales down 4.9%
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07:04 EDTLLLumber Liquidators sees Q4 EPS 71c-85c, consensus 89c
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07:03 EDTLLLumber Liquidators cuts FY14 EPS to $2.38-$2.52 from $2.65-$3.00
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07:01 EDTLLLumber Liquidators reports Q3 EPS 58c, consensus 68c
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October 21, 2014
10:53 EDTLLExact Sciences, Lumber Liquidators shorts recomended by Tilson, Bloomberg says
Kase Capital's Whitney Tilson recommended short positions in Exact Sciences (EXAS) and Lumber Liquidators (LL) while speaking at the Robin Hood Conference, according to Bloomberg.
06:22 EDTHDStaples may be latest retailer to be hacked, Krebs reports
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October 17, 2014
16:55 EDTHDStocks end volatile week lower amid oil price plunge
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October 16, 2014
16:12 EDTLLPoint72 Asset reports 5.2% passive stake in Lumber Liquidators
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