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Stock Market & Financial Investment News

News For IBM;ADBE;BBY;WMT;AMZN;TGT;SHLD;NILE;JCP From The Last 14 Days
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May 20, 2015
10:16 EDTJCPHigh option volume stocks
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09:36 EDTAMZN, TGTActive equity options trading on open
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09:34 EDTBBYBest Buy trends moderating, says Cleveland Research
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08:27 EDTIBMIBM unit sale to Lenovo raises saftey concerns for Navy, WSJ reports
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08:06 EDTTGTTarget CEO says pleased with Q1 traffic, sales
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08:05 EDTTGTTarget incurred breach-related expenses of $3M in Q1
Target incurred breach-related expenses of $3M in Q1, compared with $18M of net pre-tax expense last year. Since 4Q13, Target has incurred net expense related to the data breach of $166M, reflecting $256M of gross expense, partially offset by the recognition of a $90M insurance receivable. As of April 12, Target Canada completed its inventory liquidation efforts and closed the last of its 133 Canadian retail stores. A court-approved real estate sales process is underway and expected to be complete by the end of June, Target said. Consistent with expectations, after-tax losses from discontinued operations were $16M in Q1, compared with $153M last year. Certain assets and liabilities of Targetís discontinued operations are based on estimates. "The company believes it is reasonably possible that future adjustments to these amounts could be material to its results of operations in future periods. Any such adjustments would be recorded in discontinued operations," Target stated.
08:03 EDTTGTTarget sees Q2 adjusted EPS $1.04-$1.14, consensus $1.12
08:02 EDTTGTTarget raises FY15 adjusted EPS view to $4.50-$4.65 from $4.45-$4.65
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08:01 EDTTGTTarget reports Q1 adjusted EPS $1.10, consensus $1.03
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07:49 EDTSHLD, TGTCherokee partnerships add to long-term growth, says Brean Capital
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07:36 EDTADBEJPMorgan to hold a conference
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06:07 EDTBBYStocks with implied volatility above IV index mean; KORS BBY
Stocks with implied volatility above IV index mean; Michael Kors (KORS) 40, Best Buy (BBY) 37 according to iVolatility.
05:57 EDTIBMSAP CEO says Salesforce unlikely to be acquired, Reuters reports
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May 19, 2015
16:23 EDTWMTOn The Fly: Top stock stories for Tuesday
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16:01 EDTWMTOptions Update; May 19, 2015
iPath S&P 500 VIX Short-Term Futures down 27c to 19.17. Option volume leaders: AAPL BAC WMT MSFT FB TWTR MNKD NFLX T PBR
15:00 EDTTGTNotable companies reporting before tomorrow's open
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14:41 EDTTGTTarget (TGT) May weekly 78 straddle priced for 3.6% movement Q1
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14:38 EDTTGTTarget volatility elevated into Q1 and outlook
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13:05 EDTIBMSalesforce deal talks may have 'died down,' dealReporter says
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13:04 EDTTGTEarnings Watch: Lowe's sees FY15 EPS $3.29, strongest comps of year in Q1
Lowe's Companies (LOW), a home improvement retailer, is scheduled to report on its first quarter before the market open on Wednesday, May 20, with a conference call scheduled for 9:00 am ET. EXPECTATIONS: Analysts are looking for earnings per share of 74c on revenue of $14.27B, according to First Call. The consensus range for EPS is 69c-80c on revenue of $13.97B-$14.52B. LAST QUARTER: Lowe's reported fourth quarter EPS of 46c on revenue of $12.54B, beating analyst's estimates of 44c and $12.31B, respectively. The company also reported Q4 same-store sales rose 7.3%, with U.S. comparable sales up 7.4%. The company forecast fiscal year 2015 EPS $3.29 against estimates at that time for $3.28 and said it expects revenue up 4.5%-5% in the fiscal year compared to last. Lowe's also forecast FY15 SSS up 4%-4.5% and said it expects to report the highest comp for FY15 in Q1. On its earnings conference call, the company said it expects higher comps in the first half of 2015 than the second half. The company said it expects jobs, incomes and household financial conditions to improve in 2015. NEWS: During the quarter, Lowe's announced a new $5B share repurchase program, which has no expiration date and adds to the previous program's balance, which was $2.4B at January 30. Seeking Alpha contributor Xuhua Zhou, described as a hedge fund analyst, recently wrote in a blog post that "research confirms Lowe's is guilty of formaldehyde noncompliance in sourcing laminate flooring from China." The Consumer Products Safety Commission and Environmental Protection Agency should include Lowe's products in their safety testing of Lumber Liquidators' (LL) wood, the writer believes. A Lowe's spokesperson told Bloomberg that the Tescun flooring is being removed from stores. Lowe's Canada recently reached an agreement to acquire the leases of 13 former Target (TGT) Canada Locations and will buy Target's Milton, Ontario distribution center for approximately C$151M. STREET RESEARCH: On the day after its last earnings report, UBS raised its price target on Lowe's to $83 from $75, citing the company's big ticket comp growth, the improving economy and pent up demand from consumers putting projects on hold since the downturn. Argus also raised its price target, to $82 from $70, and said its confidence in the company's ability to generate profitable growth has increased. In March, Oppenheimer raised its price target on Lowe's to $85 from $77 and said the stock has a number of positive catalysts, including solid U.S. consumer spending trends, significant slack in the U.S, housing recovery, improving market sentiment and investors' interest in domestic plays as the dollar strengthens. BofA/Merrill said the home improvement space is one of the more attractive areas within retail and recommends buying Lowe's. The firm remains positive on the company's earnings growth and lack of negative catalysts. PRICE ACTION: Over the last three months, Lowe's shares are up nearly 1%. In early afternoon trading ahead of Wednesday's report, Lowe's is fractionally lower at $72.77.
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