New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 25, 2014
05:55 EDTHD, HD, M, M, TOL, TOL, TMUS, TMUS, ARIA, ARIA, VSI, VSI, BLMN, BLMN, FE, FE, HFC, HFCNotable companies reporting before today's open
Notable companies reporting before today's open, with earnings consensus, include Home Depot (HD), consensus 71c; Macy's (M), consensus $2.17; Toll Brothers (TOL), consensus 18c; T-Mobile US (TMUS), consensus (13c); ARIAD Pharmaceuticals (ARIA), consensus (47c); Vitamin Shoppe (VSI), consensus 38c; Bloomin' Brands (BLMN), consensus 26c; FirstEnergy (FE), consensus 69c; HollyFrontier (HFC), consensus 20c.
News For HD;M;TOL;TMUS;ARIA;VSI;BLMN;FE;HFC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 >>
August 25, 2015
05:32 EDTTOLToll Brothers reports Q3 EPS 36c, may not compare to consensus 49c
Subscribe for More Information
August 24, 2015
16:07 EDTHDHome Depot completes acquisition of Interline Brands
The Home Depot (HD) announced it has completed its $1.625B acquisition of Interline Brands (IBI), a leading national distributor and direct marketer of broad-line maintenance, repair and operations products. The agreement to acquire Interline was previously announced on July 22.
15:09 EDTTOLNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Best Buy (BBY), consensus 34c... Toll Brothers (TOL), consensus 49c... Valspar (VAL), consensus $1.26... DSW (DSW), consensus 42c... Children's Place (PLCE), consensus (33c).
13:01 EDTTOLEarnings Watch: UBS positive on Toll Brothers ahead of Q3 results
Subscribe for More Information
12:45 EDTTOLToll Brothers technical comments before earnings
Subscribe for More Information
10:24 EDTMMacy's initiated with a Buy at Standpoint Research
Subscribe for More Information
09:49 EDTMFitbit being sold at Macy's seen as near-term catalyst
Subscribe for More Information
07:27 EDTMFitbit entry at Macy's a significant near-term catalyst, says Piper Jaffray
Subscribe for More Information
07:24 EDTHFCHollyFrontier downgraded to Underperform from Neutral at BofA/Merrill
Subscribe for More Information
August 21, 2015
17:29 EDTFEPJM releases results for 2018-2019 PJM Interconnection capacity auction
Subscribe for More Information
10:02 EDTHDHome Depot, Honda Power Equipment expand supply partnership
Honda Power Equipment, a division of American Honda Motor Co. (HMC), and marketer of a comprehensive range of outdoor power equipment, announced today the expansion of its partnership with The Home Depot (HD). Beginning September 1, a number of Honda generator models will be sold at The Home Depot's top 300 U.S. PRO Desk locations, a specialized area of the store dedicated to the product and service needs of the professional contractor.
07:48 EDTTOLToll Brothers August volatility elevated into Q3 and outlook
Toll Brothers August weekly call option implied volatility is at 38, September is at 30, December is at 26; compared to its 52-week range of 20 to 34, suggesting large near term price movement into the expected release of Q3 results on August 25.
August 20, 2015
11:54 EDTTMUSInteliquent upgraded to Strong Buy from Buy at BWS Financial
Subscribe for More Information
07:46 EDTTOLToll Brothers among best positioned builders, says UBS
Subscribe for More Information
August 19, 2015
10:57 EDTTMUST-Mobile promotion gives Netflix analyst greater confidence
UBS raised its price target on Netflix (NFLX) to $143 from $116, saying that its confidence in the company's outlook has improved following a promotion undertaken by T-Mobile (TMUS). WHAT'S NEW: T-Mobile recently began offering one free year of Netflix to consumers who switch to its wireless service, UBS analyst Doug Mitchelson wrote in a note to investors today. Mitchelson said that the promotion increases his confidence in the outlook for Netflix's U.S. business. Moreover, he believes that Netflix could "become a standard promotional tool" for wired and wireless broadband providers going forward. Although Netflix's stock "looks very expensive" in the near-term, the company's long-term opportunity is "extraordinary," given the potential size of the global streaming market, the analyst stated. Mitchelson's "upside case" for Netflix shares is $199 while his "downside case" is $55. The downside case assumes Hollywood starts restricting content licensing to streaming services like Netflix in attempt to slow their growth. He raised his price target on the name to $143 from $116 and kept a Buy rating on the shares. WHAT'S NOTABLE: On August 10, research firm Stifel raised its price target on Netflix to $143 from $128, saying that the company's U.S. subscriber base can reach 80M by 2024, above the midpoint of its guidance. PRICE ACTION: In mid-morning trading, Netflix fell 1% to $122.
10:26 EDTHDLowe's advances as Q2 revenue increases 4.5% from prior year
Shares of Lowe's (LOW) are advancing after the company reported second quarter revenue that increased 4.5% and a comparable store increase of 4.3%. WHAT'S NEW: Lowe's reported Q2 earnings per share of $1.20, missing analysts' estimates of $1.24, on revenue of $17.35B, slightly beating estimates of $17.27B and an increase of 4.5% from the prior year. Comparable store sales for the quarter rose 4.3%, the company said. Regarding the quarter, Robert Niblock, the company's chairman, president and Chief Executive Officer, said that the company was able to capitalize on big-ticket market share opportunities with "strong" growth in categories including outdoor power equipment and appliances. Looking ahead, the company forecast fiscal year 2015 EPS of about $3.29, above analysts' consensus estimates of $3.28, and revenue for the year up 4.5%-5% year over year. This guidance is in line with previously provided guidance. Lowe's added that it sees FY15 SSS rising 4%-4.5% over last year and it expects to add 15-20 stores in FY15. Additionally, the company sees FY15 operating margin up 80-100 basis points and expects the effective income tax rate will be approximately 38.1%. WHAT'S NOTABLE: On its earnings conference call, Lowe's noted that recovery within the housing market continues and that drivers for the improvement include disposable personal income, home prices and housing turnover. Lowe's said it expects to repurchase $3.8B of stock in 2015, in line with prior forecasts. The company said it is planning to open 70 stores in Canada by 2017. The Fly notes that Lowe's announced earlier this month plans to open its first Manhattan store "in the coming weeks." STREET RESEARCH: Following the release of the company's earnings, Baird said that it views weakness in Lowe's shares as a buying opportunity and that the company's confidence in their unchanged FY15 guidance implies significant flow-through improvement and 30%+ EPS growth over the second half of the year. Baird added that upgraded online/project management functionality and installation/delivery optimization capabilities coming in 2015 show that progress on providing a seamless shopping experience for consumers should continue. In addition, Bank of America Merrill Lynch reiterated its Buy rating on the Lowe's shares due its view of the company as a beneficiary of the consumer shift into bigger ticket purchases, which should sustain comp growth. OTHERS TO WATCH: Lowe's peer Home Depot (HD) yesterday reported Q2 adjusted EPS of $1.71, in line with analysts' consensus estimates of $1.71, on revenue of $24.83B, relatively in line with the consensus estimate of $24.69B. Home Depot said SSS rose 4.2%, with U.S. SSS up 5.7%. The company also raised its FY15 EPS growth view to 13% from 11%-12%, with analysts expecting $5.27, and its FY15 sales growth view to 5.2%-6% from 4%-4.6%, with analysts expecting $87.02B. PRICE ACTION: In morning trading, shares in Lowe's are up 0.63% to $73.50. Meanwhile, Home Depot is up 0.14% to $122.96.
10:20 EDTTMUSBig telecom firms put M&A on hold, CTFN reports
Subscribe for More Information
08:17 EDTTMUST-Mobile should be bought at current levels, says Pacific Crest
After conducting checks, Pacific Crest says that T-Mobile's sales remain high, while its decision to cut back on discounts on unlimited plans should boost its ARPU. The firm continues to identify the stock as its top pick in the sector and keeps an Overweight rating on the shares.
07:17 EDTHDHome Depot price target raised to $138 from $129 at UBS
Subscribe for More Information
06:01 EDTTMUSNetflix price target raised to $143 from $116 at UBS
UBS analyst Doug Mitchelson raised his price target for Netflix (NFLX) shares to $143 after increasing his longer term revenue assumptions. The streaming service closed yesterday down $1.31 to $124.05. Mitchelson upped his 2020-2026 revenue estimates to reflect his belief that Netflix will successfully monetize its streaming platform beyond just monthly subscription fees, such as bundling and promoting third party services. He has increased confidence in the company's U.S. growth outlook after T-Mobile (TMUS) just launched a promotion for its wireless service that included one free year of Netflix. As competition among broadband providers intensifies, Netflix's inexpensive monthly streaming service could become one of the standard promotional tools, Mitchelson tells investors in a research note. The analyst's "upside case" for Netflix shares is $199 while his "downside case" is $55. The downside case assumes Hollywood starts restricting content licensing to streaming services like Netflix in attempt to slow their growth. Mitchelson keeps a Buy rating on Netflix.
1 | 2 | 3 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use