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Stock Market & Financial Investment News

News Breaks
May 19, 2014
20:25 EDTHD, HD, MDT, MDT, TJX, TJX, SPLS, SPLS, DKS, DKS, DCI, DCI, AINV, AINV, RRGB, RRGBNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Home Depot (HD), consensus 99c; Medtronic (MDT), consensus $1.12; TJX Companies (TJX), consensus 67c; Staples (SPLS), consensus 21c; Dick's Sporting Goods (DKS), consensus 52c; Donaldson (DCI), consensus 47c; Apollo Investment (AINV), consensus 21c; Red Robin (RRGB), consensus 72c.
News For HD;MDT;TJX;SPLS;DKS;DCI;AINV;RRGB From The Last 14 Days
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August 27, 2015
12:01 EDTSPLSStocks with call strike movement; APA SPLS
Apache (APA) December 15 call option implied volatility decreased 9% to 42, Staples (SPLS) December 15 call option implied volatility decreased 9% to 42 according to iVolatility.
August 25, 2015
09:12 EDTRRGBRed Robin management to meet with Jefferies
Meetings to be held in Los Angeles/San Francisco September 1-2 hosted by Jefferies.
09:07 EDTMDTMedtronic to acquire Twelve for $458M
In support of the company's therapy innovation strategy, Medtronic announced that it has signed a definitive agreement to acquire Twelve, a medical device company focused on the development of a transcatheter mitral valve replacement, or TMVR device. Twelve is the twelfth company spun out from the premier medical device incubator The Foundry. Medtronic has agreed to pay up to $458M for Twelve including $408M at closing and $50M on achievement of CE Marking. The cash- and debt-free transaction remains subject to customary closing conditions, and is expected to close in October 2015.
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.
August 21, 2015
10:32 EDTDKSOptions with decreasing implied volatility
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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.
08:41 EDTTJXRoss Stores shares should be bought on weakness, says Wedbush
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August 20, 2015
10:28 EDTDKS, TJXOptions with decreasing implied volatility
Options with decreasing implied volatility: KING JCP URBN DKS JWN HIG ADI DAR LOW TJX
August 19, 2015
13:30 EDTSPLSOn The Fly: Top stock stories at midday
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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.
10:14 EDTDKSOptions with decreasing implied volatility
Options with decreasing implied volatility: KING SUNE YY JCP URBN NTES DKS DANG SINA KSS
08:59 EDTTJXRoss Stores has positive read through from TJX, says Wedbush
After TJX (TJX) reported stronger than expected results, Wedbush says that the results bode well for Ross Stores (ROST). The firm says that Ross also benefits from positive low-end trends.
08:45 EDTTJXTJX price target raised to $85 from $80 at Cowen
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08:36 EDTDKSDick's Sporting 'moving in right direction,' says Sterne Agee CRT
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07:24 EDTTJXTJX one of the best sources of earnings upside, says UBS
UBS said TJX has a strong set-up for second half gains as the company commented Q3 is off to a solid start. The firm believes the combination of sluggish same store sales at mid-tier department stores and the company's ongoing strong merchandise offerings position the company for market share gains. UBS reiterated its Buy rating and raised its price target to $85 from $78 on TJX shares.
07:22 EDTTJXTJX price target raised to $90 from $80 at SunTrust
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07:17 EDTHDHome Depot price target raised to $138 from $129 at UBS
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06:03 EDTSPLSStaples sees Q3 non-GAAP EPS 33c-36c, consensus 36c
Sees Q3 revenue to decrease compared to 3Q14, consensus $5.73B. The company's guidance reflects a sequential increase in the unfavorable impact of the stronger U.S. dollar on sales and earnings. The company's earnings guidance excludes any potential impact related to restructuring and other related activities or costs related to the company's planned acquisition of Office Depot. For the full year 2015, the company expects to generate more than $600 million of free cash flow.
06:02 EDTSPLSStaples reports Q2 North American stores and online sales $2.11B
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06:01 EDTSPLSStaples reports Q2 non-GAAP EPS 12c, consensus 12c
Reports Q2 revenue $4.94B, consensus $4.96B
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