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December 11, 2012
California Dreamin' Consumer: Management Access Conference is being held in New York on December 11-12.
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November 20, 2015
08:05 EDTSSIStage Stores has reached compelling entry point, says SunTrust
After Stage Stores reported weaker than expected results, SunTrust thinks the company has been hurt by circumstances beyond its control, including the mild weather. The firm believes that the company's fundamentals remain intact, and it keeps a Buy rating on the shares.
07:07 EDTDXLGDestination XL names Nancy Youssef to head global franchise strategy
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07:06 EDTDXLGDestination XL says seeing slower than expected demand for seasonal merchandise
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07:03 EDTDXLGDestination XL sees FY15 adjustedEPS (12c)-(14c), consensus (12c)
Raises uppper end of FY15 revenue view to $438M-$440M, a change from the previous guidance of $438M-$443M, consensus $443.1M. Sees FY15 total comparable sales increase of approximately 4%-4.5%, a change from the previous guidance of 5.6%. Sees opening approximately 29 DXL retail and 7 DXL outlet stores and close approximately 42 Casual Male XL and 3 Rochester Clothing stores, a change from previous guidance of 30 DXL retail and 8 DXL outlet store openings and 41 Casual Male XL and 3 Rochester store closings.
07:01 EDTDXLGDestination XL reports Q3 adjusted EPS (7c), consensus (9c)
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November 19, 2015
15:11 EDTSSIStage Stores downgraded to Market Perform from Outperform at Telsey Advisory
12:19 EDTKIRKOn The Fly: Top stock stories at midday
Stocks have struggled for direction since the open and spent the morning moving in a narrow range. The Dow has held up fairly well considering the weakness seen in UnitedHealth (UNH), which has declined after the insurer cut its fiscal 2015 profit guidance, citing weakness in individual health insurance policies it markets through exchanges. Oil prices remain under pressure, with benchmark U.S. crude trading back below $42 per barrel. ECONOMIC EVENTS: In the U.S., initial jobless claims continued to hover around four-decade lows, with 271,000 first-time claims filed in the week ended November 14. The Philly Fed index rose 6.4 points to 1.9 in November, better than the forecast for a -0.5 reading. In Europe, minutes from the most recent European Central Bank policy meeting showed that some participants called for more stimulus amid deflation risks, weak oil prices and a sluggish recovery in the euro-area. In Asia, the Bank of Japan maintained its current pace of monetary stimulus, as widely expected. COMPANY NEWS: The shares of health insurer UnitedHealth and a number of other companies in the sector are falling after the Dow member lowered its profit outlook for this fiscal year, citing weakness in individual health insurance policies it markets through exchanges. UnitedHealth said it has pulled back on its marketing efforts for individual exchange products in 2016 and is "evaluating the viability of the insurance exchange product segment." Near noon, UnitedHealth fell about 5%, while Aetna (AET) declined nearly 6%, Humana (HUM) droped more than 3.5%, Anthem (ANTM) declined over 6% and Cigna (CI) slid 4%... Press reports indicate that talks between Pfizer (PFE) and Allergan (AGN) are heating up and that a deal is nearing, but simultaneously the U.S. government's rhetoric around the type of "inversion" deal the two pharmaceutical giants are discussing is getting ratcheted up as well. Last night, Bloomberg reported that Pfizer is nearing an agreement to acquire Allergan for $370 to $380 per share, citing people familiar with the matter. The two companies are aiming to announce a deal as early as Monday, sources told the publication. However, CNBC's David Faber reported, citing sources, that a deal will not be announced on Monday, but Pfizer and Allergan are in the "final innings" of merger talks. The deal will consist of all stock and Pfizer is likely to offer 11-plus shares per Allergan share, Faber noted. Amid the reports, Treasury Secretary Jacob Lew said that his department will release "targeted guidance" later this week meant to "deter and reduce further the economic benefits of corporate inversions" like the one being contemplated by the drugmakers... Square (SQ) completed its initial public offering of stock and rose about $4 per share to trade near $13 around noon after pricing last night at $9 per share. CEO Jack Dorsey, who leads both Square and Twitter (TWTR) as CEO, said in an interview following the opening that the teams behind him make him able to simultaneously hold both positions. Twitter rose about 1.4% to $26.25 in midday trading following Square's entry to the public markets. MAJOR MOVERS: Among the notable gainers was Keurig Green Mountain (GMCR), which rallied 22% after it reported better than expected quarterly earnings and guided for fiscal 2016. Also higher was (CTRP), which gained 19% after no fewer than three analysts raised their price target on the company's stock following upbeat fourth quarter earnings. Among the noteworthy losers was Kirkland's (KIRK), which fell 30% after the company reported downbeat quarterly earnings and provided lower than expected guidance. Also lower was AMAG Pharmaceuticals (AMAG), which lost over 8.5% after it received a complete response letter from the FDA for a single-dose vial of Makena, a treatment to reduce the risk of preterm birth in at-risk patients. In addition, Best Buy (BBY) fell 3% after it reported better than expected third quarter earnings but worse than expected same-store sales growth and also guided toward "near-flat" revenue for its domestic business in the holiday quarter. INDEXES: Near midday, the Dow was down 17.44, or 0.1%, to 17,719.72, the Nasdaq was up 2.36, or 0.05%, to 5,077.57, and the S&P 500 was down 3.67, or 0.18%, to 2,079.91.
11:19 EDTKIRKKirkland's: Traffic trends remain challenging in Q4 so far
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09:16 EDTSSIOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Keurig Green Mountain (GMCR), up 19%... (CTRP), up 11.8%... (CRM), up 5.4%... Perry Ellis (PERY), up 4%. ALSO HIGHER: Celladon (CLDN), up 55.9% after signing a merger agreement with Eiger BioPharmaceuticals... StemCells (STEM), up 45.7% after Phase II Pathway Study data shows motor improvement in SCI patients... UniPixel (UNXL), up 36.1% after receiving an initial mass production order from a Japanese PC manufacturer... Anavex Life Sciences (AVXL), up 16% after announcing preparation of regulatory filings based on guidance from FDA... Plug Power (PLUG), up 3.7% after securing Colruyt Group as its next GenDrive fuel cell customer in Europe. DOWN AFTER EARNINGS: Stage Stores (SSI), down 14.7%... JinkoSolar (JKS), down 7.5%... Best Buy (BBY), down 5.2%... Semtech (SMTC), down 7.5%. ALSO LOWER: AMAG Pharmaceuticals (AMAG), down 8.4% after receiving a complete response letter from the FDA its application seeking approval for a single-dose vial of Makena... Titan International (TWI), down 8.3% after being downgraded to Sell from Neutral at Goldman... Sunedison (SUNE), down 5.5% after Reuters reported that Blackstone (BX) is not interested in SunEdison investment.
06:39 EDTKIRKKirkland's sees FY15 adjusted EPS 89c-96c, consensus $1.18
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06:38 EDTSSIStage Stores board approves resumption of $200M share repurchase program
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06:38 EDTKIRKKirkland's sees Q4 EPS 88c-95c, consensus $1.12
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06:38 EDTSSIStage Stores sees Q4 comp sales to be down 2%-4%
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06:37 EDTSSIStage Stores cuts FY15 adjusted EPS to 70c-80c from $1.05-$1.15, consensus $1.00
The company expects continued challenges of stores located in geographies pressured by oil and gas and a devalued peso.
06:36 EDTKIRKKirkland's reports Q3 SSS up 1.8%
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06:35 EDTSSIStage Stores: Q3 negatively impacted oil and gas pressure, devalued peso
06:35 EDTKIRKKirkland's reports Q3 EPS (2c), consensus 4c
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06:35 EDTSSIStage Stores reports Q3 adjusted EPS (29c), consensus (19c)
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November 16, 2015
11:57 EDTLFVNLifeVantage names Ryan Goodwin as Chief Marketing Officer
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11:36 EDTFARMFarmer Bros. management to meet with B. Riley
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