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May 15, 2014
11:08 EDTJWN, JCP, ADSK, HSH Options with increasing implied volatility: HSH JCP JWN ADSK
News For HSH;JCP;JWN;ADSK From The Last 14 Days
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November 20, 2015
06:19 EDTADSKAutodesk downgraded to Sector Perform from Outperform at RBC Capital
November 19, 2015
19:19 EDTADSKOn The Fly: After Hours Movers
UP AFTER EARNINGS: Intuit (INTU), up 8.1%... Ross Stores (ROST), up 8.2%. ALSO HIGHER: Cabela's (CAB), up 7.5% after Bloomberg reported that the company is receiving takeover interest... Nike (NKE), up 3.4% after announcing a $12B repurchase program, a two-for-one stock split, and that it will raise its dividend... Centene (CNC), up 2.4% after reiterating its fiscal 2015 earnings per share guidance... Universal Insurance (UVE), up 2.7% after announcing a new $10M share repurchase program. DOWN AFTER EARNINGS: Nimble Storage (NMBL), down 36.9%... Mentor Graphics (MENT), down 26.2%... Workday (WDAY), down 5.5%... Wesco Aircraft (WAIR), down 1.4%... Williams-Sonoma (WSM), down 3.7%... Zoe's Kitchen (ZOES), down 3.6%... Momo (MOMO), down 3.3%... Autodesk (ADSK), down 1%... Gap (GPS), down marginally.
16:10 EDTADSKAutodesk sees 20% CAGR in subscriptions through FY20
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16:09 EDTADSKAutodesk sees FY16 adjusted EPS 72c-76c, consensus 67c
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16:08 EDTADSKAutodesk sees Q4 adjusted EPS 8c-12c, consensus 10c
Sees Q4 revenue $620M-$640M, consensus $640.98M.
16:07 EDTADSKAutodesk reports Q3 adjusted EPS 14c, consensus 8c
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15:21 EDTADSKNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Intuit (INTU), consensus (4c)... Ross Stores (ROST), consensus (50c)... Workday (WDAY), consensus (4c)... Autodesk (ADSK), consensus 8c... Gap (GPS), consensus 63c... Splunk (SPLK), consensus 1c... Williams-Sonoma (WSM), consensus 72c... Mentor Graphics (MENT), consensus 29c.
13:37 EDTADSKAutodesk technical notes ahead of earnings news
There is a potential bullish flag pattern on the daily chart that could become active on strong bullish news. A move above $63 would confirm that the pattern is active. Upside potential for that pattern would be to the $70 area. If the news is a bearish surprise, the pattern could be voided. A move below $60 would invalidate the pattern, with the potential for the drop in price to be equally as large as the potential upside from the pattern might have been. Support levels to watch as potential downside objectives would be at $58.56, $56.23, and $53.57.
10:25 EDTJWNOptions with decreasing implied volatility
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05:22 EDTJWNStocks with implied volatility below IV index mean; JWN FOSL
Stocks with implied volatility below IV index mean; Nordstrom (JWN) 29, Fossil (FOSL) 48 according to iVolatility.
November 18, 2015
10:10 EDTJWNOptions with decreasing implied volatility
Options with decreasing implied volatility: INSY PRGO SYF KSS LOCO ATML JWN JD MEG MWE
09:08 EDTJWNTJX benefitting from off-price retail market growth, WSJ says
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08:28 EDTADSKAutodesk valuation reflects bull case, says BofA/Merrill
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November 17, 2015
10:13 EDTJCPJ.C. Penney management to meet with Buckingham
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09:12 EDTADSKAutodesk volatility elevated into Q3 and outlook
Autodesk November call option implied volatility is at 95, December is at 48, January is at 40; compared to its 52-week range of to , suggesting large near term price movement into the expected release of Q3 results on November 19.
08:42 EDTADSKAutodesk remains a top pick, says Cowen
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07:45 EDTJWNNordstrom price target lowered to $63 from $82 at UBS
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November 16, 2015
16:29 EDTJCPJ.C. Penney announces plans to retire $500M asset-based term loan
J. C. Penney Company announced that it has received $500M of incremental bank commitments to increase the size of the Revolving Line of Credit under its existing Senior Secured Asset-Based Credit Facility to $2.35B from $1.85B. In connection with upsizing the revolving credit facility, the Company also intends to prepay and retire the outstanding principal amount of its $500M Term Loan previously issued under the ABL, which is scheduled to mature in June 2019. The Company expects to close these transactions in December.The Company expects that retirement of the ABL Term Loan will reduce interest expense by approximately $20M annually, beginning in 2016. The $2.35B ABL revolving line of credit, which will also mature in June 2019, will remain available for seasonal working capital needs and general corporate purposes. Marvin Ellison, chief executive officer, said, "We proactively pursued this transaction to reduce our long-term debt and ongoing interest expense and to further enhance our financial flexibility while maintaining our strong liquidity position as we continue to make progress on our goal of $1.2B in EBITDA by 2017."
11:35 EDTJWN, JCPDillard's sinks to 52-week low after joining chorus of 'disappointed' retailers
Shares of Dillard's (DDS), a retailer of fashion apparel, cosmetics and home furnishing, are falling to their worst level in a year after the company became the latest in its industry to report lower than expected third quarter results. WHAT'S NEW: This morning, Dillard's reported Q3 earnings per share of $1.19 and revenue of $1.435B, narrowly missing analysts' consensus estimates of $1.20 and $1.49B, respectively. Same-store sales for the quarter fell 4%. Total merchandise sales decreased 3% for the 13-week period ended October 31. Weaker performing categories were men's apparel and accessories and ladies' accessories and lingerie with notable weakness in home and furniture the company explained. Dillard's Chief Executive Officer, William T. Dillard, II, stated, "We are disappointed with our third quarter sales performance and in the resulting decline in profit. Share buyback remained a high priority, and we repurchased $175 million of stock under our share repurchase program." WHAT'S NOTABLE: Gross margin from retail operations improved 11 basis points of sales for the 13 weeks ended October 31 compared to the prior year third quarter. Consolidated gross margin for the 13 weeks ended October 31 declined 30 basis points of sales compared to the prior year third quarter. The disparity between retail and consolidated gross margin performance is attributable to increased revenue at CDI, which is a substantially lower margin business. Inventory increased 6% at October 31 compared to November 1, 2014. For FY15, the company expects capital expenditures of $150M. PRICE ACTION: In late morning trading, Dillard's fell $5.81, or 7.5%, to $71.79 on more than three times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week low of $68.05. Including today's pull back, the shares have lost about 36% over the past 12 months. OTHERS TO WATCH: Other apparel, cosmetics and home furnishing retailers include Macy's (M), Kohl's (KSS), JC Penny (JCP), Sears (SHLD) and Nordstrom (JWN).
10:25 EDTJWNOptions with decreasing implied volatility
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