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March 9, 2012
10:31 EDTDKS, VHS, VNET, JPM, LPNT, WTW, NLS, JNJ, HLFOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Herbalife (HLF) initiated with an Overweight at Barclays...Weight Watchers (WTW) initiated with an Overweight at Barclays...21Vianet Group (VNET) initiated with a Buy at Stifel Nicolaus...Johnson & Johnson (JNJ) initiated with a Hold at Jefferies...LifePoint Hospitals (LPNT) initiated with a Buy at Cantor...Vanguard Health (VHS) initiated with a Buy at Cantor...Nautilus (NLS) initiated with an Outperform at Northland Securities...JPMorgan (JPM) initiated with a Buy at Guggenheim...Dick's (DKS) Sporting initiated with a Buy at Argus.
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November 17, 2015
07:33 EDTDKSDick's Sporting sees Q4 EPS $1.10-$1.25, consensus $1.43
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07:33 EDTDKSDick's Sporting sees FY15 non-GAAP EPS $2.85-$3.00, consensus $3.19
The company's consolidated earnings per diluted share guidance contemplates the $300M of share repurchases executed in 2015.
07:32 EDTDKSDick's Sporting opened 27 new Dick's Sporting Goods stores in Q3
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07:31 EDTDKSDick's Sporting reports Q3 non-GAAP EPS 45c, consensus 47c
Reports Q3 revenue $1.64B, consensus $1.64B. Reports Q3 SSS up 0.4%.
November 16, 2015
17:10 EDTHLFSoros took stake in Paypal, liquidated Herbalife stake
Soros Fund Management gave a quarterly update on its stakes in a filing this afternoon. NEW STAKES: Paypal (PYPL), CIT Group (CIT), Schlumberger (SLB), Kraft Heinz (KHC), and Amazon (AMZN). INCREASED STAKES: Allergan (AGN), Lions Gate (LGF), Energen (EGN), Southwest Airlines (LUV), and Qunar Cayman Islands (QUNR). DECREASED STAKES: LyondellBasell (LYB), YPF (YPF), Time Warner Cable (TWC), Dow Chemical (DOW), and Monsanto (MON). LIQUIDATED STAKES: Herbalife (HLF), Lennar (LEN), DR Horton (DHI), United Continental (UAL), and Nice Systems (NICE).
15:08 EDTDKSDick's Sporting November 41 straddle priced for 9.4% movement into Q3
15:02 EDTDKSNotable companies reporting before tomorrow's open
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14:38 EDTJNJGenmab confirms FDA approval of Darzalex
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13:09 EDTJNJFDA approves Darzalex to treat multiple myeloma
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11:24 EDTJPMClearing House to hold a conference
Clearing House Annual Conference is being held in New York on November 16-18.
09:42 EDTJPMJPMorgan reports October net credit losses 2.22% vs. 2.21% last month
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08:58 EDTJPMAmerican Express slips following Marriott, Starwood deal announcement
Shares of American Express (AXP) are slipping in pre-market trading following the news that Marriott (MAR) and Starwood Hotels & Resorts (HOT) have agreed to merge. In early June, American Express and Starwood announced new benefits to the Starwood Preferred Guest credit card. Marriott, however, has its co-brand program with JPMorgan Chase (JPM) and the early weakness in American Express shares could reflect concern over a potential change in the merged hotels' co-brand relationships. In pre-market trading, AxEx shares are down about 0.5% to $70.88.
05:37 EDTWTWStocks with implied volatility below IV index mean; MW WTW
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November 13, 2015
07:03 EDTDKSDick's Sporting volatility elevated into Q3 and outlook
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05:29 EDTWTWStocks with implied volatility below IV index mean; MW WTW
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November 12, 2015
10:46 EDTDKSDick's Sporting downgraded to Mixed from Positive at OTR Global (pre-open)
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09:19 EDTJPMPayPal sinks with Apple eyeing peer-to-peer payments
Shares of PayPal (PYPL) are weak again this morning following a report yesterday afternoon alleging that Apple (AAPL) is set to launch a competitor to one of the payment technology company's offerings. Analysts that were already split about PayPal's prospects are also divided on the potential impact of Apple's entry, with a bull at Citi downplaying the risk and a bear at Piper Jaffray voicing greater concern. APPLE COMPETITION: Apple is in talks with U.S. banks to create a mobile person-to-person payment service, reported The Wall Street Journal yesterday afternoon, citing people familiar with the matter. Apple's service, which would likely be linked to the company's Apple Pay system and could get off the ground next year, would compete with PayPal's Venmo peer-to-peer, or P2P, payment platform, the Journal said. BULLISH TAKE: Citi analyst Ashwin Shirvaikar says his Buy thesis on PayPal is unchanged after the Journal's report regarding Apple's efforts. Apple is a "viable competitor in a crowded field," but its product is unlikely to change the near-term growth trajectory of PayPal's Venmo, Shirvaikar told investors in a research note. He keeps a Buy rating on PayPal with a $44 price target. BEARISH TAKE: Piper Jaffray analyst Gene Munster believes Apple's reported plans for a P2P payment offering sometime in 2016 will have limited to no impact on his model for the iPhone maker, but cautions that more mobile wallets offering P2P will add to the challenges facing PayPal's Venmo. The analyst believes the "real estate for all logos at the point-of-sale will be scarce and cluttered," noting that in addition to new entrants like Apple Pay, Samsung Pay, Google's (GOOG) Android Pay, JPMorgan's (JPM) Chase Pay, MCX/CurrentC and PayPal there are still legacy players such as Visa (V) Checkout, MasterCard (MA) Masterpass, and American Express' (AXP) Express Checkout. Munster thinks Venmo is a strong offering that will keep gaining share, but in addition to competition, he sees low interest rates hindering float income and thinks the value proposition for consumers and merchants remains "uncertain." The analyst keeps an Underweight on PayPal, which is the firm's equivalent of a "sell" rating, with a $30 target for its shares. PRICE ACTION: Shares of PayPal slipped 1.8% to close at $36.33 yesterday following the Journal's report. In pre-market trading, the stock fell another 1% to $36 per share.
06:12 EDTJPMMorgan Stanley to offer wealth management clients savings accounts, Reuters says
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05:34 EDTWTWStocks with implied volatility below IV index mean; WTW SKX
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November 11, 2015
07:56 EDTJNJBoston Biotech Conferences to hold a conference
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