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Stock Market & Financial Investment News

News Breaks
May 16, 2014
11:14 EDTURBN, HSH, HD, DLLROptions with increasing implied volatility: HSH DLLR HD URBN
News For HSH;DLLR;HD;URBN From The Last 14 Days
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August 18, 2015
07:21 EDTHDFutures suggesting slightly lower open
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07:21 EDTHDFutures suggesting slightly lower open
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06:04 EDTHDHome Depot raises FY15 EPS growth to 13% from 11%-12%, consensus $5.27
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06:02 EDTHDHome Depot reports Q2 comparable store sales up 4.2%
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06:01 EDTHDHome Depot reports Q2 adjusted EPS $1.71, consensus $1.71
Reports Q2 revenue $24.83B, consensus $24.69B
05:48 EDTURBNStocks with implied volatility movement; URBN RAD
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August 17, 2015
20:06 EDTURBNUrban Outfitters shares fall after reporting mixed Q2 results
After the close, Urban Outfitters (URBN) reported second quarter earnings. WHAT'S NEW: Urban Outfitters reported Q2 earnings per share of 52c, above consensus estimates of 49c, and Q2 revenue of $867.46M, below analyst expectations of $881.16M. Urban Outfitters reported comparable retail segment net sales up 4%. Broken down by segment, comparable retail sales at Anthropologie increased 2%, Urban Outfitters increased 4%, Free People increased 14%, and wholesale segment net sales increases 21%. WHAT'S NOTABLE: During the earning conference call, CFO Frank Conforti said that during the third quarter, the gross margin rate could increase, driven by improvements in the Urban Outfitters brand. Conforti also said that the opportunity exists to increase gross margins for the fiscal year, though the magnitude of the increase depends on Q3 and Q4. Conforti also reaffirmed the company's fiscal 2016 capital expenditures guidance of $140M-$150M. ANALYST REACTION: On August 17, Wolfe Research initiated coverage of the stock with a Peer Perform and set a price target of $34.00. The firm said it believes that Urban Outfitters could see improving SSS trends in the second half of fiscal 2015 and said that the Urban Outfitters brand has showed "considerable improvement" and the firm estimates that the brand's gross margins could be in the high 20% range. After Urban Outfitters earnings were released, Nomura released a note indicating that the magnitude of the gross margin decline was "not as bad as expected" with Urban's Q2 gross margin of 36.7% vs. Nomura's estimate of 36.2%, and that shares have been discounting an additional cut to annual gross margins. The firm has a Neutral rating on the stock and a price target of $35.00. PRICE ACTION: Shares of Urban Outfitters are lower by 2.26% to $31.50 in after-hours trading.
19:00 EDTURBNOn The Fly: After Hours Movers
UP AFTER EARNINGS: Fabrinet (FN), up 5.1%. ALSO HIGHER: Esperion Therapeutics (ESPR), up 10.6% after announcing that it is on track to initiate ETC-1002 Phase 3 program by the end of 2015... Seattle Genetics (SGEN), up 3.3% after announcing FDA approval of Adcetris for HL treatment. DOWN AFTER EARNINGS: MasTec (MTZ), down 7.4%... Urban Outfitters (URBN), down 2.3%. ALSO LOWER: Sunedison (SUNE), down 1% after announcing a $500M perpetual convertible preferred stock offering.
17:06 EDTURBNUrban Outfitters initiated with a Peer Perform at Wolfe Research
Target $34.
16:04 EDTURBNUrban Outfitters reports Q2 Anthropologie SSS up 2%
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16:02 EDTURBNUrban Outfitters reports Q2 EPS 52c, consensus 49c
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15:00 EDTHDHome Depot August 120 straddle priced for 3.3% movement into Q2
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14:52 EDTURBNUrban Outfitters August 32 straddle priced for 9.8% movement into Q2
14:48 EDTHDNotable companies reporting before tomorrow's open
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14:48 EDTURBNNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Agilent (A), consensus 41c... Urban Outfitters (URBN), consensus 49c... MasTec (MTZ), consensus 15c... Fabrinet (FN), consensus 39c.
14:08 EDTHDHome Depot August volatility elevated into Q2 and outlook
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14:04 EDTURBNUrban Outfitters August volatility elevated into Q2 and outlook
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12:55 EDTHDEarnings Watch: Home Depot up 6% over last three months
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08:02 EDTURBNUrban Outfitters multiple decline overdone, says Stifel
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August 14, 2015
07:34 EDTHDHome Depot August volatility elevated into Q2 and outlook
Home Depot August call option implied volatility is at 27, September is at 20; compared to its 52-week range of 13 to 27 suggesting large near term price movement into the expected release of Q2 results on Aug 18.
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