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Stock Market & Financial Investment News

News For JCP;SHLD;AEO;ANF;TGT;WMT;KSS;SKT From The Last 14 Days
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May 29, 2015
13:07 EDTANFOn The Fly: Top stock stories at midday
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10:55 EDTANFJanney says sell Abercrombie & Fitch after earnings miss
Research firms disagreed on the outlook for clothing retailer Abercrombie & Fitch (ANF) after the company reported weaker than expected results but said that its sales trends were improving. BACKGROUND: Abercrombie yesterday morning reported a higher than expected first quarter loss and lower than expected revenue. However, the retailer said that its same store sales trend had continued to improve in May and it predicted that its sales would continue to rebound for the remainder of its fiscal year. The company did warn, however, that it expects continued headwinds from foreign currency exchange rates this year. BULLISH TAKE: Abercrombie has bottomed and its turnaround has begun, as its initiatives are beginning to gain traction, wrote SunTrust analyst Pamela Quintiliano. The analyst is upbeat about the company's e-commerce efforts, product improvements and international expansion efforts. She trimmed her price target on the stock to $30 from $35 but kept a Buy rating on the shares. BEARISH TAKE: Janney Capital analyst Adrienne Yih downgraded Abercrombie to Sell from Hold. The company's comparative sales may continue to drop year-over-year, as it may have difficulty attracting new customers as it changes nearly every aspect of its business, Yih wrote. When retailers make widespread changes they can lose their core customers without gaining new ones, the analyst warned. She set a $15 price target on the shares. PRICE ACTION: In mid-morning trading, Abercrombie & Fitch fell 6% to $21. The stock rallied nearly 14% yesterday.
10:27 EDTANFOptions with decreasing implied volatility
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10:01 EDTANFOn The Fly: Analyst Downgrade Summary
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09:44 EDTWMTNew York AG announces $98,000 settlement with Wal-Mart
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08:30 EDTANFAbercrombie & Fitch has bottomed, says SunTrust
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06:27 EDTANFAbercrombie & Fitch downgraded to Sell from Neutral at Janney Capital
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May 28, 2015
13:19 EDTANFOn The Fly: Top stock stories at midday
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10:25 EDTANFOptions with decreasing implied volatility
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09:45 EDTANFAbercrombie & Fitch rallies after results, levels to watch
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09:27 EDTANFOn The Fly: Pre-market Movers
HIGHER: Rally Software (RALY), up 44% after deal to be bought by CA Technologies for $19.50 per share... IMAX (IMAX), up 6.5% after IMAX China files application for IPO on Hong Kong Stock Exchange... Avago (AVGO), up 2.8% after announcing deal to buy Broadcom (BRCM) for $37B in cash and stock. Broadcom shares are down 1% following the announcement... Western Digital (WDC), up 2.4% following upgrade to Buy from Neutral at Goldman. UP AFTER EARNINGS: Express (EXPR), up 8%... Abercrombie & Fitch (ANF), up 4.3%. LOWER: NeoStem (NBS), down 22.8% after 12.5M share secondary price at $2 per share... Ctrip.com (CTRP), down 1.6% after reportedly disclosing cyberattack against its services. DOWN AFTER EARNINGS: Orbital ATK (OA), down 1.6%... Signet (SIG), down 3.5%... Sanderson Farms (SAFM), down 3%... Dangdang (DANG), down 11%.
09:12 EDTANFAbercrombie & Fitch says continues to evaluate share repurchases
Says looks to invest in business, return capital via dividend, repurchases.
09:04 EDTANFAbercrombie & Fitch says new CEO will be appointed at 'appropriate time'
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08:51 EDTANFAbercrombie & Fitch says SSS trend has continued to improve in May
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07:37 EDTANFAbercrombie & Fitch sees sequential SSS improvement into Q2, 2H
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07:34 EDTANFAbercrombie & Fitch reports Q1 EPS ex-items (53c), consensus (34c)
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06:23 EDTTGTTarget: 'We'll be open-minded' about supporting payment systems, Re/code say
Brian Cornell, the CEO of Target (TGT) told the Code Conference that the company's focus is to complete the transition to using secure chip-and-PIN credit cards by the holidays, but once that is done, "we'll be open-minded" about supporting other payment systems like Apple Pay (AAPL), Re/code reports. Cornell says he has met with Apple CEO Tim Cook. Reference Link
05:58 EDTTGTTarget CEO says would be open to Uber partnership, Re/code reports
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May 27, 2015
16:03 EDTANFOptions Update; May 27, 2015
iPath S&P 500 VIX Short-Term Futures down 82c to 18.56 Option volume leaders: AAPL KORS BRCM MCD FB MNKD AAL YHOO BAC MU ANF S EOX
15:48 EDTANFAbercrombie & Fitch May 19.5 straddle priced for 10% movement into Q1
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15:30 EDTANFNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Toronto-Dominion Bank (TD), consensus $1.11... Signet Jewelers (SIG), consensus $1.63... Flowers Foods (FLO), consensus 30c... Tech Data (TECD), consensus 71c... Sanderson Farms (SAFM), consensus $3.32... Express (EXPR), consensus 14c... Abercrombie & Fitch (ANF), consensus (34c)... Descartes Systems Group (DSGX), consensus 6c... JinkoSolar (JKS), consensus 40c... Fred's (FRED), consensus (1c)... Xcerra (XCRA), consensus 7c... Titan Machinery (TITN), consensus (22c).
15:15 EDTWMTWal-Mart settles lawsuit over NJ Turnpike accident with Tracy Morgan
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14:47 EDTWMTWal-Mart holds a management update
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12:38 EDTANFOptions with increasing volume
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11:18 EDTANFEarnings Watch: Abercrombie could provide 'depressing' guidance, analyst says
Abercrombie & Fitch (ANF) is scheduled to report first quarter earnings before the market open on Thursday, May 28 with a conference call scheduled for 8:30 am EDT. Abercrombie & Fitch is a retailer of casual apparel for men, women and kids. EXPECTATIONS: Analysts are looking for a loss per share of (34c) on revenue of $730.91M, according to First Call. The consensus range for EPS is (60c)-(12c) on revenue of $685.26M-$788M. LAST QUARTER: Abercrombie & Fitch reported fourth quarter adjusted earnings per share of $1.15 on revenue of $1.12B, against estimates for $1.15 and $1.17B, respectively. Comparable store sales declined 10% during the quarter. Abercrombie & Fitch said that as it gets greater visibility to the timing and impact of its on-going strategic initiatives, it expects to resume providing EPS and SSS guidance guidance. Regarding SSS, the company said it expects the negative impact from reduced logo sales to modestly abate in the first half of the fiscal year and neutralize in the second half of the fiscal year. Abercrombie said the first half of FY15 would be "challenging" and forecast significant headwinds from foreign currency in FY15. NEWS: At the Telsey Advisory Group's Spring Consumer Conference in March, Abercrombie reiterated its forecast for "significant" foreign currency headwinds in 2015. The company said it was "fully aware" of the challenges the company is facing and was on the "right path" to improve profitability. Abercrombie forecast FY15 capital expenditures of approximately $150M and forecast continued pressure from reduced logos and gross margin flat to slightly up. The retailer said it views ongoing expense reduction as a "way of life" going forward. During the quarter, Bloomberg reported that Abercrombie & Fitch will retire its "appearance and sense of style" hiring rule for employees. Abercrombie brand President Christos Angelides and Hollister brand President Fran Horowitz said the changes to the dress code are part of their plan to cater to more shoppers. New York Attorney General Eric Schneiderman sent letters to Abercrombie and other retailers in April over staffing practices and whether the company requires workers to show up or stay home with little notice, according to The Wall Street Journal. STREET RESEARCH: During the quarter, Abercrombie & Fitch was initiated at BB&T with a Hold rating and with an Underperform rating and $17 target at RBC Capital. Wunderlich expects A&F's results will be a "very painful slog" for shareholders, adding that if the company does give guidance, "expect it to be depressing." The firm, which cut its price target for shares to $15 from $17 and reiterated a Sell rating, believes a turnaround is not in sight. PRICE ACTION: Abercrombie & Fitch shares slid 1% to $19.88 in morning trading, putting the stock down about 19.5% over the last three months.
10:58 EDTANFAbercrombie & Fitch May weekly volatility elevated into Q1 and outlook
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10:17 EDTAEOOptions with decreasing implied volatility
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May 26, 2015
10:27 EDTAEOOptions with decreasing implied volatility
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07:56 EDTANFWunderlich sees Abercrombie Q1 as 'very painful slog'
Wunderlich expects Abercrombie & Fitch's Q1 results on Thursday to be a "very painful slog" for investors. If management does provide guidance, "expect it to be depressing," Wunderlich tells investors in a research note. The firm believes a turnaround is not in sight and points to mounting currency headwinds and a "weak" teen apparel environment. It lowered its price target for A&F shares to $15 from $17 and reiterates a Sell rating on the name.
06:16 EDTTGTAbbott to start selling G.M.O-free Similac Advance formula, NY Times reports
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May 25, 2015
18:12 EDTWMTWal-Mart asks suppliers for less antibiotics, better animal conditions, WSJ says
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May 22, 2015
16:41 EDTWMTStocks end week little changed despite weaker than expected domestic data
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14:09 EDTTGTTarget $19M settlement with MasterCard rejected by banks, Star Tribune reports
Target (TGT) and MasterCard (MA) have both confirmed that their proposed $19M settlement over Target's data breach was not approved by the requisite 90% of banks affected, which appears to send the dispute back to a federal lawsuit that is seeking class action status, reported The Star Tribune. ďAt this stage we will continue to work to resolve the matter,Ē stated MasterCard, according to the report. Reference Link
10:09 EDTAEOOptions with decreasing implied volatility
Options with decreasing implied volatility: SRPT BLUE OCR ADRX CRM TTWO YOKU CSC AEO WSM
May 21, 2015
17:34 EDTTGTGoogle data shows link between mobile ads, store visits, WSJ says
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08:05 EDTAEOAmerican Eagle positive momentum likely to continue, says SunTrust
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07:37 EDTAEOAmerican Eagle offers compelling risk/reward, says Susquehanna
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07:09 EDTTGTTarget reported solid results, says Wells Fargo
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May 20, 2015
18:40 EDTTGTTarget looks cheap, Barron's says
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11:45 EDTAEOAmerican Eagle sees further opportunity for margin expansion
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11:34 EDTAEOAmerican Eagle comments on capital allocation priorities
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11:19 EDTAEOAmerican Eagle sees further gross margin expansion in Q2
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10:59 EDTTGTTarget sees Q2 comparable sales up 2%-2.5%
Sees Q2 gross margin rate to improve 50 basis points.
10:55 EDTTGTTarget plans to review with board for need to increase share repurchases
10:54 EDTTGTTarget reports Q1-end inventory 9% higher than a year ago
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10:42 EDTTGTTarget expects to open six additional Target Express locations in 2015
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10:29 EDTJCPOptions with decreasing implied volatility
Options with decreasing implied volatility: ZIOP KING ARIA CTRP WTW VHC XON KERX VIPS JCP
10:16 EDTAEO, JCPHigh option volume stocks
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09:36 EDTTGTActive equity options trading on open
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09:25 EDTAEOOn The Fly: Pre-market Movers
UP AFTER EARNINGS: American Eagle Outfitters (AEO), up 8.6%... Computer Sciences (CSC), up 4.1%. ALSO HIGHER: Sarepta Therapeutics (SRPT), up 44.5% after announcing plans for rolling eteplirsen NDA... Genocea Biosciences (GNCA), up 22.5% after GEN-003 Phase 2 trial met primary endpoint... IsoRay (ISR), up 31.7% after Cesium-131 reports 96% success in local control and 100% survival in 5 years... AVEO Pharmaceuticals (AVEO), up 15.7% after presenting results of extension study 902 and gets FDA feedback for tivozanib... Pep Boys (PBY), up 12.5% following reports that potential buyer have approached the company about a possible takeover. DOWN AFTER EARNINGS: Etsy (ETSY), down 19.5%... China Distance Education (DL), down 7.7%... Keysight Technologies (KEYS), down 5.7%.... Lowe's (LOW), down 5.2%. ALSO LOWER: Lpath (LPTN), down 75.6% after announcing that it will undergo corporate restructuring... Achillion Pharmaceuticals (ACHN), down 10.1% following collaboration for HCV with Janssen... El Pollo LoCo (LOCO), down 3.5% after 6M share Block Trade priced at $22.25... Cimarex Energy (XEC), down 3.3% after 6M share Spot Secondary priced at $109.00.
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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08:02 EDTAEOAmerican Eagle sees Q2 EPS 11c-14c, consensus 11c
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08:01 EDTTGTTarget reports Q1 adjusted EPS $1.10, consensus $1.03
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08:01 EDTAEOAmerican Eagle reports Q1 EPS 15c, consensus 12c
Reports Q1 revenue $699.5M, consensus $692.32M. Consolidated comparable sales increased 7%, compared to a 10% decrease last year.
07:49 EDTTGT, SHLDCherokee partnerships add to long-term growth, says Brean Capital
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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
15:40 EDTAEOAmerican Eagle volatility elevated into Q1 and outlook
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15:29 EDTAEOAmerican Eagle technical comments before earnings
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15:00 EDTAEO, TGTNotable 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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13:04 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.
12:47 EDTTGTEarnings Watch: Target sees FY15 adjusted EPS $4.45-$4.65, 2%-3% sales growth
Target (TGT) is scheduled to report first quarter results before the market open on Wednesday, May 20, with a conference call scheduled for 10:30 am ET. Target offers merchandise at discounted prices through its retail stores and online business. EXPECTATIONS: Analysts are looking for earnings per share of $1.03 on revenue of $17.09B, according to First Call. The consensus range for EPS is 85c-$1.09 on revenue of $16.98B-$17.25B. LAST QUARTER: Target reported fourth quarter adjusted EPS of $1.50 on revenue of $21.75B, beating analysts' estimates for $1.46 and $21.63B, respectively. The company said comparable sales increased 3.8% in Q4, reflecting a 3.2% increase in comparable transactions. Target said digital channel sales contributed 0.9 percentage points to SSS growth. Target forecast Q1 adjusted EPS 95c-$1.05, SSS up about 2% and said its top priority is to drive digital sales growth. The company said it could be in a position to revisit stock buybacks later this year and noted that its workers' wages are "competitive." NEWS: At its Financial Community Meeting on March 3, Target forecast fiscal year 2015 adjusted EPS $4.45-$4.65, against estimates at that time for $4.50, on sales growth of 2%-3% for the fiscal year. The company also forecast 10% annual EPS growth for 2016 and beyond, as well as 5%-10% annual dividend growth. Target forecast $2B in savings in expenses and cost of goods over the next two years and 9.5%-10% EBITDA margins over the next five years. As for share repurchases, Target sees $2B this year, and said it continues to support the dividend and repurchase "billions." Looking to FY15, Target forecast FY15 capital expenditures of $2.1B and sees expected CapEx of $2B-$2.5B over the next five years. Target said its gross margin rate of 29.5% is "achievable." Target said it would focus on categories including style, baby, kids and wellness. As part of its $2B cost savings plan, Target said it will cut "several thousand jobs." Target said in a filing that on March 10, the company notified approximately 1,700 employees whose employment will be terminated as part of an overall plan to transform Targetís business. The company said it expects to incur severance costs of $10M. During the quarter, Target said it planned to raise its minimum pay for all workers to at least $9 an hour starting in April, according to The Wall Street Journal, and agreed to pay $10M to settle a class action lawsuit related to its 2013 data breach, Reuters reported. Target reached a settlement with MasterCard (MA) to resolve claims by MasterCard and its issuers related to the retailerís 2013 data breach. Under the agreement, Target will make available up to $19M in alternative recovery offers to eligible banks and credit unions across the globe. Target Canada said it would close the last 133 retail stores by April 12. Target also announced plans to sell its Target Commercial Interiors subsidiary to Omni Workspace. The retailer launched the Lilly Pulitzer for Target collection in April, which rendered its website inaccessible for short time after it was overwhelmed by customer traffic, The WSJ said. The WSJ also reported that, according to sources, Target gave notice to Campbell Soup (CPB), General Mills (GIS), Kellogg (K), Kraft Foods (KRFT) and others that it will reduce their presence in Target circulars and in-store advertisements. STREET RESEARCH: Following Target's analyst meeting, Wells Fargo said it thinks the company's operating plan sets the stage for the company to potentially beat expectations in 2015 and beyond. The firm believes that"outsized digital growth" or new products could enable Target's results to beat expectations. Piper Jaffray views Target's long term earnings algorithm, which is based on a 1% store comp and 40% growth in digital sales annually, as realistic and the company's capital deployment as encouraging. BofA/Merrill upgraded Target to Buy from Neutral in April and increased its price target to $92 from $86. The firm believes Target is well positioned to benefit from an improving middle-income core customer base. The firm said customers are responding well to improved assortment and merchandising and expects Target to continue to see increased spending at stores and online as customers trade-up to more expensive items. PRICE ACTION: Target shares are up over 1.6% over the past three months. In early afternoon trading ahead of Wednesday's earnings report, shares are down 0.51% to $77.96.
12:25 EDTWMTOn The Fly: Top stock stories at midday
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11:59 EDTJCPOptions with decreasing implied volatilit
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09:37 EDTWMTActive equity options trading on open
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08:00 EDTAEOAmerican Eagle announces license agreements in South Korea, Singapore, Greece
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07:22 EDTWMTWal-Mart drops 2% after Q1 earnings miss expectations
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07:21 EDTWMTWal-Mart now sees forex hurting FY16 net sales by $14B
Wal-Mart CFO Charles Holley said on the company's Q1 earnings call that the company expects currency to remain a "significant headwind" for the year. Assuming exchange rates remain where they are today, the impact on full year net sales would be approximately $14B, which compares to guidance in February of approximately $10B. Assuming exchange rates remain where they are today, the impact on FY16 EPS would be approximately 13c per share, compared to prior guidance of 10c per share.
07:18 EDTWMTWal-Mart says Q1 Sam's Club results 'disappointing'
Rosalind Brewer said on Wal-Mart's Q1 earnings call that Samís Club Q1 results were "disappointing, as comp sales missed guidance, and we delivered softer net sales and profit than last year." Sam's Club reported Q1 comp sales without fuel up 0.4%, with traffic down 0.2% and ticket up 0.6%. Sam's Club expects comp sales for the 13-week period ending July 31 to be between flat and up 2%.
07:14 EDTWMTWal-Mart reports Q1 global e-commerce sales up about 17%
Walmart U.S. e-commerce saw double-digit comp growth across many departments, the company said. Walmart U.S. mobile traffic was up over 100% for the quarter Walmart U.S. saw higher conversion rates as well, the company added. Comments from Q1 earnings conference call.
07:05 EDTWMTWal-Mart sees Q2 EPS $1.06-$1.18, consensus $1.17
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07:03 EDTWMTWal-Mart reports Q1 EPS $1.03, consensus $1.04
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May 18, 2015
20:16 EDTANF, AEOUrban Outfitters down over 16% after disappointing Q1 results
Urban Oufitters (URBN) is down sharply after reporting first quarter earnings per share and revenue that missed analyst estimates. WHAT'S NEW: Urban Oufitters reported Q1 EPS of 25c on revenue of $739.01M, below consensus expectations of 30c and $758.25M, respectively. Urban Outfitters also reported Q1 comparable retail segment net sales up 4%, with Q1 retail segment net sales increasing 17% at Free People, 5% at Urban Outfitters, and 1% at the Anthropologie Group. Wholesale segment net sales rose 18%. WHAT'S NOTABLE: On its Q1 earnings conference call, Urban Outfitters announced that Urban Outfitters Group CEO Ted Marlow, who oversaw the direction of the namesake brand, would retire at the end of August. While Urban Outfitters did not provide guidance, Urban Outfitters Anthropologie Group CEO David McCreight commented on the Anthropologie brand, "We're expecting we could see Q2 shaping up like Q1 in terms of low single-digit comps. We could also see being in the low-mid-single digit comps. It's hard to tell at this point." ANALYST REACTION: Two analyst firms lowered their respective price targets on Urban Outfitters following the company's earnings report. Sterne Agee, which rates Urban Outfitters a Neutral, lowered its 12-month price target to $34 from $46, noting the company has had trouble getting both its Urban Outfitters and Anthropologie brands to perform at the same time. Cantor, which maintained its Buy rating, lowered its price target to $53 from $54, saying that Anthropologie sales disappointed, but noting that a "later catalog release appears to us to have pushed some sales at Anthropologie into May." PRICE ACTION: Urban Outfitters fell 16.4% to just over $34 in after-hours trading. PEERS: Other publicly traded companies in the space include Abercrombie & Fitch (ANF), American Eagle (AEO), Five Below (FIVE), Pacific Sunwear (PSUN), and Zumiez (ZUMZ).
15:35 EDTWMTWal-Mart May 79.5 weekly straddle priced for 2.4% movement into Q1
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15:16 EDTSHLDSears Holdings May weekly volatility increases into Q1 and outlook
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15:15 EDTWMTWal-Mart May weekly volatility increases into Q1 and outlook
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15:00 EDTWMTNotable companies reporting before tomorrow's open
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14:35 EDTWMTWal-Mart technical comments ahead of results
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14:04 EDTWMTEarnings Watch: Wal-Mart sees Q1 EPS 95c-$1.10, U.S. SSS up 1%-2%
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12:01 EDTAEOAmerican Eagle management to meet with Guggenheim
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07:21 EDTWMTWal-Mart Q1 should benefit from lower gas, stronger consumer, says Stephens
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06:30 EDTWMTWal-Mart to repair stores in labor dispute, Reuters reports
Wal-Mart said it would seek permits to rip up floors and replace plumping lines at five stores that justified its abrupt closure, reports Reuters. The move follows a union-backed complaint to the National Labor Relations Board last month after Wal-Mart temporarily closed the stores. The union accused the company for shutting down the stores to stop workers from organizing. Reference Link
May 17, 2015
19:11 EDTTGTTarget to reduce advertising space for certain large brands, WSJ says
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May 15, 2015
13:46 EDTSHLDSears Holdings May weekly volatility elevated into Q1 and outlook
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10:01 EDTJCPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aspen Technology (AZPN) upgraded to Overweight from Sector Weight at Pacific Crest... Canadian National (CNI) upgraded to Outperform from Sector Perform at Scotia Capital... Connecticut Water (CTWS) upgraded to Outperform from Market Perform at Wells Fargo... Hanesbrands (HBI) upgraded to Buy from Neutral at DA Davidson... Impala Platinum (IMPUY) upgraded to Buy from Neutral at Goldman... Inovalon (INOV) upgraded to Buy from Neutral at Goldman... J.C. Penney (JCP) upgraded to Market Perform at BMO Capital... Sovran Self Storage (SSS) upgraded to Buy from Neutral at UBS... Syngenta (SYT) upgraded to Neutral from Underperform at Exane BNP Paribas... UPS (UPS) upgraded to Buy from Neutral at Goldman... Union Pacific (UNP) upgraded to Buy from Hold at TD Securities... Yum! Brands (YUM) upgraded to Overweight from Neutral at JPMorgan.
08:24 EDTAEOAmerican Eagle, Express should be bought ahead of results, says BMO Capital
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07:42 EDTKSSKohl's decline following results 'excessive,' says UBS
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07:41 EDTAEOAmerican Eagle volatility elevated into Q1 and outlook
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07:14 EDTJCPJ.C. Penney upgraded to Market Perform at BMO Capital
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07:05 EDTJCPJ.C. Penney upgraded to Market Perform from Underperform at BMO Capital
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